Energy Recovery Ventilator Market Growth and Trends

The “Energy Recovery Ventilator Market Research Report Overview by 2024” market size is reached USD 3.44 billion by 2022 and it is projected to reach USD 6.67 billion by 2030 between the forecast period and expected Compound annual growth rate of 8.7% between the forcast period by (2022-2030).

Get a free sample pdf|https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/101139

Energy Recovery Ventilator Market Share, Size & Industry Analysis, By Type (Wall-mount, Ceiling-mount, and Cabinet), By Application (Residential, Commercial, and Others), and Regional Forecast Between, 2023-2030

Major Keyplayers of energy recovery ventilator market:

Some of the key players operating in the global energy recovery ventilator Industry are:

• Carrier (United Technologies) (U.S.)
• Johnson Controls (Ireland)
• Daikin Industries, Ltd. (Japan)
• Mitsubishi Electric Corporation (Japan)
• LG Electronics (South Korea)
• Nortek Air Solutions, LLC (U.S.)
• Lennox International Inc. (U.S.)
• Greenheck Fan Corporation (U.S.)
• Fujitsu Limited (Japan)
• Zehnder Group AG (Switzerland)

Get quote|https://www.fortunebusinessinsights.com/enquiry/get-a-quote/101139

Key industry developments of energy recovery ventilator market:

• Mitsubishi Electric Corporation unveiled an expanded lineup of products aimed at enhancing residential air conditioning. The company introduced new offerings that utilize both split system and ducted technologies reflecting their extensive expertise in air treatment and energy recovery ventilators.
• Greenheck Fan Corporation announced launch of a new energy recovery ventilator for multi-family residential buildings. The company came up with four different models that gave a variety of options and accessories for the customer.
• Holtop developed and launched a new energy recovery ventilator equipped with DX coils that offers cool and warm fresh air to customers. It operates with both VRF/VRV for optimal indoor comfort.
• Mitsubishi Electric Trane HVAC US launched Lossnay energy recovery ventilator units that make use of a free-cooling function that assist in increasing efficiency and reducing cost
• Mitsubishi Electric Corporation’s European subsidiary named ‘Mitsubishi Electric Europe B.V.’ acquired AQS PRODUKTER AB to strengthen commercial cooling and heating products in Sweden and total solution capabilities Mitsubishi Electric Europe B.V.

Drivers and restraints of energy recovery ventilator market:

• Driver: Increasing Focus on Energy EfficiencyThe growing emphasis on energy conservation and reducing operational costs drives the adoption of energy recovery ventilators (ERVs), which enhance HVAC system efficiency by recovering and reusing energy from exhaust air.
• Driver: Rising Demand for Improved Indoor Air QualityIncreased awareness of indoor air quality and the need for effective ventilation solutions boost the demand for ERVs, which provide fresh air while minimizing energy loss and maintaining optimal indoor environments.
• Driver: Stringent Building Codes and RegulationsStricter building codes and regulations that mandate energy-efficient systems and improved ventilation standards drive the adoption of ERVs to comply with these requirements and achieve energy efficiency goals.
• Restraint: High Initial CostsThe substantial upfront investment required for purchasing and installing energy recovery ventilators can be a barrier for some consumers and businesses, particularly those with budget constraints.
• Restraint: Maintenance and Operational ComplexityEnergy recovery ventilators require regular maintenance and can involve complex installation processes, which may deter some users and add to the overall cost of ownership and operation.

Regional Insights:

• North America (By Type, By Application, and By Country)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Type, By Application, and By Country)
  • Germany (By Application)
  • U.K. (By Application)
  • France (By Application)
  • Rest of Europe
• Asia Pacific (By Type, By Application, and By Country)
  • China (By Application)
  • Japan (By Application)
  • India (By Application)
  • Southeast Asia (By Application)
  • Rest of Asia Pacific
• Middle East and Africa (By Type, By Application, and By Country)
  • GCC (By Application)
  • South Africa (By Application)
  • Rest of Middle East & Africa
• Latin America (By Type, By Application, and By Country)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Ask for Customization Report|https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/101139

About Us:

Fortune Business Insights is committed to providing clients around the world with a one-of-a-kind combination of qualitative and quantitative market research reports. We help both international and local businesses optimize their operations by providing comprehensive market insights and reliable forecasts. Our reports cover all critical aspects of the market, providing valuable insights and projections to clients worldwide.

Email|[email protected]

FAQ’s:

• What is the market size of energy recovery ventilator market for 2024?
• Who are the leading key players identified in this report?
• What are the main drivers in the energy recovery ventilator Industry ?
• What are the future projections for the energy recovery ventilator Industry?