Energy Recovery Ventilator Market – Global Industry Analysis and Forecast (2017-2026)
Energy Recovery Ventilator Market was valued at USD 1.96 Billion in 2016 and is expected to reach USD 5.7 Billion by 2026, at a CAGR of 11.26%.
Energy recovery is done across residential as well as commercial. Energy recovery ventilator help in maintaining optimum air quality standards thereby reducing equipment capacity of HVAC systems.
On the basis of technology, plate heat exchanger is expected to lead the market owing to its ability of enhancing efficiency of HVAC systems as well as growing demand for high-end infrastructural facilities across economies.
On the basis of application, commercial application segment is expected to lead the energy recovery ventilator market along with accounting the highest growth. Moreover, rise in number of green buildings and technologically advanced commercial HVAC systems across the world are further contributing to the growth of this segment. Other applications include warehouses, distribution centers, and industrial space.
North America formed the largest market that can be attributed to the increasing demand of energy recovery ventilators from commercial and residential sector. North America will maintain its dominance during the forecast period along with monitoring fastest CAGR.
Scope of the Report:
Energy Recovery Ventilator Market, by Technology Type:
- Rotary Heat Exchanger
- Run-Around Coil
- Plate Heat Exchanger
- Heat Pipe Heat Exchanger
- Others (Thermosiphon and Twin Tower)
Energy Recovery Ventilator Market, by Application:
- Residential
- Commercial
- Others
Energy Recovery Ventilator Market, by Region:
- Asia Pacific
- North America
- Europe
- Middle East & Africa
- Latin America
Key Players Operating in the Energy Recovery Ventilator Market:
- 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)
- Greenheck Fan (US)
- Airxchange Inc.
- United Technologies Corp.
- Blue Star Ltd.
- Mitsubishi Electric Corp. Ltd.
- Johnson Controls
- Renewaire
- Reznor and Zehnder America Inc
- Ruskin rooftop system
- Innovative Drive Solutions
- HEATEX AB
- Johnson Controls
- Ostberg Group
- Carrier Airconditioning & Refrigeration Ltd.
- Airxchange, Paschal Heat
- Air & Geothermal
- Reznor Manufacturing Company
- Ruskin Rooftop Systems
- Renewaire, Zehnder America
- Lennox International
- Loren Cook Company
This article is published by Maximize Market Research Company
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