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Energy Recovery Ventilator Market: Growing Need to Reduce Energy Consumption in Residential and Commercial Buildings to Drive the Market

04-05-2019 08:04 AM CET | Energy & Environment

Press release from: MarketsandMarkets.com

energy-recovery-ventilator-market

energy-recovery-ventilator-market

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, increasing number of green buildings across the globe, and growing importance of indoor air quality are the key factors driving the growth of the energy recovery ventilator market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=242565927

Major Drivers:
• Growing Need to Reduce Energy Consumption in Residential and Commercial Buildings
• Increasing Number of Green Buildings Across the Globe
• Growing Importance of Indoor Air Quality

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) are some of the leading players operating in the energy recovery ventilator market.

These leading market players have adopted the strategies of expansions, acquisitions & mergers, and new product launches to cater the increased demand for energy recovery ventilators from various end-use industries.

In August 2017, Greenheck Fan (US) launched new Model RV and RVE units, which offered 25% better performance than the previous generation model. The company also offers 2-inch R13 foam insulation as a part of its pre-engineered packaged rooftop outdoor air systems. In December 2016, two wholly owned subsidiaries of Mitsubishi Electric Corporation (Japan), namely, Climaveneta S.p.A. (Italy) and RC Group S.p.A. (Italy) merged to operate as Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. (Italy) from January 1, 2017. This development strategy enabled Mitsubishi Electric to enhance its heating, ventilation, and air conditioning systems (HVAC) business in the European region. In August 2015, Greenheck Fan (US) expanded its product offerings for energy recovery ventilators with the addition of Model RV (E)-120, which is a pre-engineered system with increased performance capabilities for large dedicated outdoor air systems, multi-zone variable air volume (VAV) systems, and single-zone variable air volume (VAV) systems. This development strategy enabled the company to widen its customer base in the energy recovery ventilator market. In January 2015, Carrier Corporation (US) launched the EnergyX energy recovery system for WeatherExpert rooftop units. An EnergyX energy recovery system is a factory integrated and tested energy recovery ventilator (ERV) with an AHRI 1060-certified rotary energy wheel. In June 2014, Johnson Controls (US) invested USD 35.0 Million to establish a new manufacturing and research & development center in Wuxi (China).

Energy Recovery Ventilator Market, by Technology Type:

• Plate Heat Exchanger
• Heat Pipe Heat Exchanger
• Rotary Heat Exchanger
• Run-Around Coil

The North American region is the largest market for energy recovery ventilators across the globe. The growing demand for energy recovery ventilators from the residential and commercial sectors of the region is expected to fuel the growth of the North America energy recovery ventilator market during the forecast period.

For More details, speak to our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=242565927

About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

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