The report "Energy Recovery Ventilator Market by Technology Type (Plate Heat Exchanger, Heat Pipe Heat Exchanger, Rotary Heat Exchanger, Run-Around Coil), Application (Commercial, Residential), and Region (NA, EU, APAC, MEA, SA) - Global Forecast to 2022", The energy recovery ventilator market is projected to grow from USD 1.97 Billion in 2017 to USD 3.37 Billion by 2022, at a CAGR of 11.4% from 2017 to 2022. The growing need to reduce energy consumption in residential and commercial buildings, the increasing number of green buildings across the globe, and growing awareness to maintain the quality of indoor air are the key factors driving the growth of the energy recovery ventilator Industry.
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Among technology types, the plate heat exchanger segment is estimated to account for the largest share of the energy recovery ventilator market in 2017.
The plate heat exchanger technology type segment is estimated to account for the largest share of the energy recovery ventilator market in 2017. The growth of this segment of the market can be attributed to the high efficiency of plate heat exchangers to transfer heat, ease of their maintenance, and their compact design.
The commercial application segment is expected to lead the energy recovery ventilator market in 2017.
Among applications, the commercial segment is estimated to account for the largest share of the energy recovery ventilator market in 2017. Energy recovery ventilators introduce pre-tempered air into the main air conditioning units. These systems help in stabilizing the humidity levels of the indoor air in buildings. Thus, there is a high demand for these energy recovery ventilators in commercial applications.
The North American region is expected to be the largest market for energy recovery ventilators in 2017.
The North American region is estimated to account for the largest share of the energy recovery ventilator market in 2017. The growing demand for energy recovery ventilators from the residential and commercial sectors as well as formulation and implementation of various government regulations pertaining to the increased use of energy-efficient devices such as energy recovery ventilators are expected to fuel the growth of the North America energy recovery ventilator market between 2017 and 2022.
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Some of the leading players operating in the energy recovery ventilator market include Mitsubishi Electric Corporation (Japan), Daikin (Japan), Panasonic Corporation (Japan), LG Electronics (South Korea), Johnson Controls (US), Munters (Sweden), FUJITSU GENERAL (Japan), Carrier Corporation (US), Nortek Air Solutions (US), and Greenheck Fan (US), among others.
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COVID-19 Impact Analysis on Energy Recovery Ventilator Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the energy recovery ventilator market include ABB Ltd., Nortek Air Solutions, FUJITSU General, Daikin, Greenheck Fan, General Electric Company, LG Electronics, Munters, Panasonic Corporation, Mitsubishi Electric Corporation, Johnson Controls, Carrier Corporation.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Energy Recovery Ventilator Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/energy-recovery-ventilator-market/download-sampleMarket DynamicsThe global energy recovery ventilator market is experiencing significant rise owing to the increasing significance of indoor air quality, innovations in ERVs, increasing trend for green buildings, and growing demand to minimize energy consumption in commercial and residential buildings.
COVID-19 pandemic is likely to support the global ERV market due to the increasing requirement of improved quality indoor air to reduce the chances of infection.
The Energy Recovery Ventilator Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the energy recovery ventilator market include ABB Ltd., Nortek Air Solutions, FUJITSU General, Daikin, Greenheck Fan, General Electric Company, LG Electronics, Munters, Panasonic Corporation, Mitsubishi Electric Corporation, Johnson Controls, Carrier Corporation.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Energy Recovery Ventilator Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/energy-recovery-ventilator-market/download-sampleMarket DynamicsThe global energy recovery ventilator market is experiencing significant rise owing to the increasing significance of indoor air quality, innovations in ERVs, increasing trend for green buildings, and growing demand to minimize energy consumption in commercial and residential buildings.
COVID-19 pandemic is likely to support the global ERV market due to the increasing requirement of improved quality indoor air to reduce the chances of infection.
However, high installation and maintenance costs and lack of awareness is estimated to restrain the growth of the market.
