Press release
Global Energy Recovery Ventilation System Market will reach 5320 million US$ by the end of 2025
Energy recovery ventilator (ERV) is a type of mechanical equipment that features a heat exchanger combined with a ventilation system for providing controlled ventilation into a building. An energy recovery ventilator with humidity regulation incorporates a method to remove excess humidity or add humidity to the ventilating air that is being brought into a house. This report focus on wall-mount, ceiling-mount and cabinet mount type products.
The global energy recovery ventilator market is growing due to increasing demand for energy recovery ventilators from end use industry segments of commercial and residential sectors. 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).
Carrier (United Technologies), Johnson Controls and Daikin Industries capture the top three revenue share spots in the Energy Recovery Ventilation System market in 2016. Carrier dominated with 13.491% production value share, followed by Johnson Controls with 9.569% production value share and Daikin Industries with 8.345% production value share.
In the next five years, the global Consumption Revenue of Energy Recovery Ventilation System will show upward tendency further. 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).
Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, in future still more new investment will enter into the field. Technology and cost are two major problems.
Although sales of Energy Recovery Ventilation System brought a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk the enter this market.
The global Energy Recovery Ventilation System market is valued at 2150 million US$ in 2017 and will reach 5320 million US$ by the end of 2025, growing at a CAGR of 12.0% during 2018-2025.
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The major manufacturers covered in this report
Carrier (United Technologies)
Johnson Controls
Daikin Industries
Trane
Nortek
Lennox International Inc.
Mitsubishi Electric
Greenheck
FUJITSU
Zehnder
LG Electronics
Renewaire
Ostberg
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
India
Southeast Asia
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