Press release
Energy Recovery Ventilators Market - Global Industry Size, Share - 2023
Ventilation is an important part in the HVAC systems. Incorrect ventilation system attracts pollutants such as virus, chemicals, ducts, and allows molds to grow rapidly. The use of advanced heating and energy recovery ventilation technology has allowed these systems to provide various benefits and help end-users in choosing from a wide range of high efficiency energy recovery ventilators (ERVs).
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The rising demand for fresh air and the need to reduce pollutants are the driving factors for the global energy recovery ventilator market growth. Additionally, increasing demand for energy housing projects and increase in construction activities is expected to drive the growth of the global energy recover ventilator market, during the forecast period (2016 - 2022).
The global energy recovery ventilator market has been segmented by technology, application and region. Based on technology, the market has been segmented into run around coil, heat pipe heat exchanger, plate heat exchanger and rotary heat exchanger. On the basis of application, the market has been segmented into commercial and residential.
On the basis of application, the commercial segment is expected to witness higher growth in the global market for energy recovery ventilator. The segment reports huge demand for energy recovery ventilators. The rising demand for improved air quality is expected to bring an increase in the demand for energy recovery ventilators from commercial buildings.
The global energy recovery ventilator market is hindered by lack of awareness among the potential end users regarding the benefits of energy recovery ventilator systems, such as energy efficiency and environment-friendly features. With constant developments in technology, it is important to create awareness about the benefits of energy recovery ventilator systems among the end users.
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The key players operating in the global energy recovery ventilator market are Mitsubishi Electric Corporation, Nortek Air Solutions, LLC, Munters Corporation, Greenheck, Renewaire LLC, Reznor and Zehnder America Inc. Ruskin rooftop system and Innovative Drive Solutions, LLC.
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About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact:
P&S Market Research
347, 5th Ave. #1402
New York City, NY - 10016
Toll-Free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
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