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Market For Energy Recovery Ventilators Marked Significant Demand After Spread Of COVID-19, Finds Fact.MR
The latest research report published by Fact.MR on the Energy Recovery Ventilator Market is intended to offer reliable data on various key factors shaping the growth curve of the market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders.The segment accounted for a considerable share in the Market in forecast period. The share in this segment comes with a wide range of opportunities including manufacturing products, distribution, retail, and marketing services.
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections for Demand of Energy Recovery Ventilator Market, both at global and regional levels.
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Global Energy Recovery Ventilator (ERV) Market: Overview
Energy recovery ventilators have marked a significant demand after the spread of COVID-19. People have become more aware about the ventilation systems. Poor ventilation can lead to shortness of breath, tiredness and severe headaches.
To prevent the build-up of Co2 and depletion of oxygen, the Energy Recovery Ventilator is used. Residential and commercial buildings require excellent ventilation. The rising demand for fresh air and correct ventilation has brought a growth in the ERV market.
Designing of energy efficient buildings has a wide usage of Energy Recovery Ventilator to support comfort conditions.
This system ensures maximum energy savings and is used to supply fresh air. The adoption of Energy Recovery Ventilator is directly linked with the construction of energy efficient buildings.
Energy recovery ventilation (ERV) is the energy recovery process of exchanging the energy where the ventilation unit is enclosed generally in exhausted building/space air and utilizing it to treat or precondition the entering outdoor ventilation air in commercial and residential HVAC (Heating, Ventilation, Air Conditioning) systems.
Energy recovery ventilators are used in a wide array of areas, such as industries, homes, and offices.
The benefit of using energy recovery ventilation is that it meets the requirement of ASHRAE (American Society of Heating, Refrigerating and Air-Conditioning Engineers) ventilation and energy standards, thereby, improving the indoor air quality and reducing the total HVAC equipment capacity.
Global Energy Recovery Ventilator (ERV) Market: Dynamics
The demand for energy recovery ventilator has continued to amplify substantially throughout the years. Rising urbanization is partially responsible for sustaining the growing demand for energy recovery ventilator.
Implementation and formulation of various government regulations regarding the use of energy recovery ventilators to furnish the existing buildings and, incorporation of green buildings leading to an increasing investment in construction sector are some factors, which are anticipated to drive the demand for energy recovery ventilator throughout the forecast period.
LEED certification by builders has also envisaged the use of energy ventilators in commercial and residential building establishments.
Report regional analysis includes:
North America
Europe
MEA
East Asia (Japan, China, South Korea)
South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest)
Oceania (Australia, New Zealand)
Latin America
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
Global Energy Recovery Ventilator (ERV) Market: Market Participants
Examples of some of the market participants identified across the value chain of the global energy recovery ventilator market are
ABB Ltd
Nortek Air Solutions
FUJITSU General
Daikin
Greenheck Fan
General Electric Company
LG Electronics
Munters
Panasonic Corporation
Mitsubishi Electric Corporation
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Global Energy Recovery Ventilator (ERV) Market: Region-wise Outlook
The rapidly growing construction activity in the Asia Pacific region is anticipated to foster the demand for energy recovery ventilator.
Renovation and repair activities being undertaken in North America along with increasing construction spending in the Middle Eastern region is expected to drive the demand for energy recovery ventilator in the region.
Europe is expected to witness a high demand for energy efficient and certified products. As Europe witnesses frequently cold weather throughout the year, the sales of energy recovery ventilator may boost during the forecast period.
Several stringent regulations in regards to the increased use of renewable energy sources in Europe are projected to boost the installation of energy recovery ventilator.
Competitive landscape
Strategies of key players and Products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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