Global Energy Recovery Ventilator Core Market Size study & Forecast, by Material Type (Engineered Resin, Fibrous Paper, Others), by Shape (Square, Diamond, Hexagon, Wheel), by Flow Type (Counter-flow and Crossflow) and Regional Analysis, 2023-2030

Description

List of Tables

Global Energy Recovery Ventilator Core Market is valued at approximately USD 947 million in 2022 and is anticipated to grow with a healthy growth rate of more than 7.5% over the forecast period 2023-2030. An Energy Recovery Ventilator (ERV) core, also known as a heat recovery ventilator (HRV) core, is a key component of an energy recovery ventilation system. It is designed to transfer heat and moisture between two separate air streams in order to improve indoor air quality and energy efficiency. The growth of the global market for energy recovery ventilators is propelled by government interventions aimed at promoting the construction of energy-efficient buildings and implementing policies to reduce carbon emissions in residential and commercial sectors. These government initiatives and regulations create a favorable environment for adopting energy recovery ventilators and contribute to the market's overall growth.

The market for energy recovery ventilators is experiencing growth due to the increasing trend towards the construction of sustainable buildings. This trend is driven by a growing awareness among building occupants about health concerns associated with rising hazardous emissions. According to the U.S. Green Building Council (USGBC), the latest IPCC report calls for a rapid and comprehensive shift towards sustainability in land, energy, buildings, transport, and cities to achieve global carbon reduction goals. Buildings contribute nearly 40% of global energy-related CO2 emissions and are vital in driving sustainable change. Green buildings help reduce carbon, water, energy, and waste. In a review of 22 LEED-certified buildings managed by the General Services Administration, CO2 emissions were 34% lower, energy consumption was 25% less, water usage was 11% lower, and over 80 million tons of waste were diverted from landfills.. As a result, the market for energy recovery ventilators is expected to witness significant growth in the coming years. The market for energy recovery ventilators (ERVs) is being positively influenced by the increasing demand in new projects Energy recovery ventilators (ERVs) play a crucial role in reducing the load on HVAC systems by transferring heat and humidity from outgoing air to precondition incoming fresh air. This capability has garnered significant interest from construction companies, builders, and infrastructure developers. By efficiently carrying out heat and mass transfer, ERV systems effectively alleviate the workload on HVAC systems. There is a growing awareness and recognition of the importance of Indoor Air Quality (IAQ) in the present time. As a result, there is a rising demand for ERVs to improve and maintain high-quality indoor air. The market growth of energy recovery ventilators (ERVs) is hindered by the presence of complex installation procedures. Additionally, the design and installation of these systems often require additional air ducting, leading to increased costs for maintenance.

The key regions considered for the Global Energy Recovery Ventilator Core Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising investment in the residential sector is expected to increase the need for energy recovery ventilator installation to offer a safe and healthy indoor environment across the sector. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as the rising adoption of energy recovery ventilators (ERVs) and the improving living standards in countries like China, India, Malaysia, South Korea, Thailand, among others. These countries are prioritizing the modernization of their residential and commercial building stocks to align with the changing demands and preferences of their populations.

Major market player included in this report are:

Johnson Controls
Daikin Industries, Ltd.
Mitsubishi Electric Corporation
LG Electronics
Nortek Air Solutions, LLC
Lennox International Inc.
Fujitsu Limited
DAERYUN Industry Co., Ltd.
S&P USA Ventilation Systems, LLC
UltimateAir, Inc.

Recent Developments in the Market:

In March 2022, Greenheck Fan Corporation recently unveiled a new residential energy recovery ventilator (ERV) designed specifically for multi-family residential buildings. The company has introduced four different models of the ERV, offering a range of options and accessories to cater to different needs. Notably, all these newly launched models have received certification for their airflow from the Home Ventilating Institute (HVI), ensuring their performance and reliability.
In March 2021, Innergy Tech, Inc. recently introduced a new energy recovery wheel called the i4 Energy Recovery Wheel. This advanced energy recovery ventilator core features a patented sealing technology. It is designed to be compatible with both new air handling units and can also be retrofitted into existing systems. The i4 Energy Recovery Wheel offers improved energy efficiency and is a versatile solution for enhancing ventilation and air quality in various applications.
In December 2021, Greenheck Fan Corporation recently completed the acquisition of Metal Industries, a company specializing in air terminal units, diffusers, and related products, including energy recovery ventilators. This strategic acquisition has enabled Greenheck Fan Corporation to broaden its product portfolio and expand its offerings in the market. By incorporating Metal Industries' expertise and product line, Greenheck Fan Corporation strengthens its position and capabilities in providing comprehensive solutions for ventilation and air distribution systems.

Global Energy Recovery Ventilator Core Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimatio: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Material Type, Shape, Flow Type, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Material:

Engineered Resin
Fibrous Paper
Others

By Shape:

Square
Diamond
Hexagon
Wheel

By Flow Type:

Crossflow
Counter-flow

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Energy Recovery Ventilator Core Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Energy Recovery Ventilator Core Market, by Material, 2020-2030 (USD Million)
- 1.2.3. Energy Recovery Ventilator Core Market, by Shape, 2020-2030 (USD Million)
- 1.2.4. Energy Recovery Ventilator Core Market, by Flow Type, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Energy Recovery Ventilator Core Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Energy Recovery Ventilator Core Market Dynamics

3.1. Energy Recovery Ventilator Core Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing government interventions aimed at promoting the energy-efficient construction
  - 3.1.1.2. Growing awareness among building occupants about health concerns associated with rising hazardous emissions
- 3.1.2. Market Challenges
  - 3.1.2.1. High Maintenance Cost of Energy Recovery Ventilator Core
  - 3.1.2.2. Complex installation procedure
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing Demand in New projects
  - 3.1.3.2. Rising demand for ERVs to improve and maintain high-quality indoor air

Chapter 4. Global Energy Recovery Ventilator Core Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Energy Recovery Ventilator Core Market, by Material

5.1. Market Snapshot
5.2. Global Energy Recovery Ventilator Core Market by Material, Performance - Potential Analysis
5.3. Global Energy Recovery Ventilator Core Market Estimates & Forecasts by Material 2020-2030 (USD Million)
5.4. Energy Recovery Ventilator Core Market, Sub Segment Analysis
- 5.4.1. Engineered Resin
- 5.4.2. Fibrous Paper
- 5.4.3. Others

Chapter 6. Global Energy Recovery Ventilator Core Market, by Shape

6.1. Market Snapshot
6.2. Global Energy Recovery Ventilator Core Market by Shape, Performance - Potential Analysis
6.3. Global Energy Recovery Ventilator Core Market Estimates & Forecasts by Shape 2020-2030 (USD Million)
6.4. Energy Recovery Ventilator Core Market, Sub Segment Analysis
- 6.4.1. Square
- 6.4.2. Diamond
- 6.4.3. Hexagon
- 6.4.4. Wheel

Chapter 7. Global Energy Recovery Ventilator Core Market, by Flow Type

7.1. Market Snapshot
7.2. Global Energy Recovery Ventilator Core Market by Flow Type, Performance - Potential Analysis
7.3. Global Energy Recovery Ventilator Core Market Estimates & Forecasts by Flow Type 2020-2030 (USD Million)
7.4. Energy Recovery Ventilator Core Market, Sub Segment Analysis
- 7.4.1. Crossflow
- 7.4.2. Counter-flow

Chapter 8. Global Energy Recovery Ventilator Core Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Energy Recovery Ventilator Core Market, Regional Market Snapshot
8.4. North America Energy Recovery Ventilator Core Market
- 8.4.1. U.S. Energy Recovery Ventilator Core Market
  - 8.4.1.1. Material breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Shape breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Flow Type breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Energy Recovery Ventilator Core Market
8.5. Europe Energy Recovery Ventilator Core Market Snapshot
- 8.5.1. U.K. Energy Recovery Ventilator Core Market
- 8.5.2. Germany Energy Recovery Ventilator Core Market
- 8.5.3. France Energy Recovery Ventilator Core Market
- 8.5.4. Spain Energy Recovery Ventilator Core Market
- 8.5.5. Italy Energy Recovery Ventilator Core Market
- 8.5.6. Rest of Europe Energy Recovery Ventilator Core Market
8.6. Asia-Pacific Energy Recovery Ventilator Core Market Snapshot
- 8.6.1. China Energy Recovery Ventilator Core Market
- 8.6.2. India Energy Recovery Ventilator Core Market
- 8.6.3. Japan Energy Recovery Ventilator Core Market
- 8.6.4. Australia Energy Recovery Ventilator Core Market
- 8.6.5. South Korea Energy Recovery Ventilator Core Market
- 8.6.6. Rest of Asia Pacific Energy Recovery Ventilator Core Market
8.7. Latin America Energy Recovery Ventilator Core Market Snapshot
- 8.7.1. Brazil Energy Recovery Ventilator Core Market
- 8.7.2. Mexico Energy Recovery Ventilator Core Market
8.8. Middle East & Africa Energy Recovery Ventilator Core Market
- 8.8.1. Saudi Arabia Energy Recovery Ventilator Core Market
- 8.8.2. South Africa Energy Recovery Ventilator Core Market
- 8.8.3. Rest of Middle East & Africa Energy Recovery Ventilator Core Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Johnson Controls
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Daikin Industries, Ltd.
- 9.3.3. Mitsubishi Electric Corporation
- 9.3.4. LG Electronics
- 9.3.5. Nortek Air Solutions, LLC
- 9.3.6. Lennox International Inc.
- 9.3.7. Fujitsu Limited
- 9.3.8. DAERYUN Industry Co., Ltd.
- 9.3.9. S&P USA Ventilation Systems, LLC
- 9.3.10. UltimateAir, Inc.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Energy Recovery Ventilator Core Market, report scope
TABLE 2. Global Energy Recovery Ventilator Core Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Energy Recovery Ventilator Core Market estimates & forecasts by Material 2020-2030 (USD Million)
TABLE 4. Global Energy Recovery Ventilator Core Market estimates & forecasts by Shape 2020-2030 (USD Million)
TABLE 5. Global Energy Recovery Ventilator Core Market estimates & forecasts by Flow Type 2020-2030 (USD Million)
TABLE 6. Global Energy Recovery Ventilator Core Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7. Global Energy Recovery Ventilator Core Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global Energy Recovery Ventilator Core Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Energy Recovery Ventilator Core Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Energy Recovery Ventilator Core Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Energy Recovery Ventilator Core Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Energy Recovery Ventilator Core Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Energy Recovery Ventilator Core Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Energy Recovery Ventilator Core Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. Global Energy Recovery Ventilator Core Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. U.S. Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 17. U.S. Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18. U.S. Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 19. Canada Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 20. Canada Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21. Canada Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 22. UK Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 23. UK Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24. UK Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 25. Germany Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 26. Germany Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27. Germany Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 28. France Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 29. France Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30. France Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 31. Italy Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 32. Italy Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33. Italy Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 34. Spain Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 35. Spain Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36. Spain Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 37. RoE Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 38. RoE Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39. RoE Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 40. China Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 41. China Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42. China Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 43. India Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 44. India Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45. India Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 46. Japan Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 47. Japan Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48. Japan Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 49. South Korea Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 50. South Korea Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51. South Korea Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 52. Australia Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 53. Australia Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54. Australia Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 55. RoAPAC Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 56. RoAPAC Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57. RoAPAC Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 58. Brazil Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 59. Brazil Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60. Brazil Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 61. Mexico Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 62. Mexico Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63. Mexico Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 64. RoLA Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 65. RoLA Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66. RoLA Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 67. Saudi Arabia Energy Recovery Ventilator Core Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 68. South Africa Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69. RoMEA Energy Recovery Ventilator Core Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 70. List of secondary sources, used in the study of global Energy Recovery Ventilator Core Market
TABLE 71. List of primary sources, used in the study of global Energy Recovery Ventilator Core Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Energy Recovery Ventilator Core Market, research methodology
FIG 2. Global Energy Recovery Ventilator Core Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Energy Recovery Ventilator Core Market, key trends 2022
FIG 5. Global Energy Recovery Ventilator Core Market, growth prospects 2023-2030
FIG 6. Global Energy Recovery Ventilator Core Market, porters 5 force model
FIG 7. Global Energy Recovery Ventilator Core Market, pest analysis
FIG 8. Global Energy Recovery Ventilator Core Market, value chain analysis
FIG 9. Global Energy Recovery Ventilator Core Market by segment, 2020 & 2030 (USD Million)
FIG 10. Global Energy Recovery Ventilator Core Market by segment, 2020 & 2030 (USD Million)
FIG 11. Global Energy Recovery Ventilator Core Market by segment, 2020 & 2030 (USD Million)
FIG 12. Global Energy Recovery Ventilator Core Market by segment, 2020 & 2030 (USD Million)
FIG 13. Global Energy Recovery Ventilator Core Market by segment, 2020 & 2030 (USD Million)
FIG 14. Global Energy Recovery Ventilator Core Market, regional snapshot 2020 & 2030
FIG 15. North America Energy Recovery Ventilator Core Market 2020 & 2030 (USD Million)
FIG 16. Europe Energy Recovery Ventilator Core Market 2020 & 2030 (USD Million)
FIG 17. Asia pacific Energy Recovery Ventilator Core Market 2020 & 2030 (USD Million)
FIG 18. Latin America Energy Recovery Ventilator Core Market 2020 & 2030 (USD Million)
FIG 19. Middle East & Africa Energy Recovery Ventilator Core Market 2020 & 2030 (USD Million)