PUBLISHER: Value Market Research | PRODUCT CODE: 1547868
PUBLISHER: Value Market Research | PRODUCT CODE: 1547868
The global demand for Energy Recovery Ventilator Market is presumed to reach the market size of nearly USD 11.92 Billion by 2032 from USD 3.36 Billion in 2023 with a CAGR of 15.1% under the study period 2024-2032.
Energy recovery ventilators (ERV) are mainly; installed in overcrowded; and congested buildings, including residential and commercial places to recover energy and improve indoor air quality. The system enables the entry of the fresh air into the building, reduces CO2 levels, and controls the odor. The air pressure is balanced by exhausting conditioned air out and allowing fresh air inside. It also helps in providing warm energy in winter and cool in summer. ERV enhances indoor air quality and lowers total HVAC equipment capacity. It meets ASHRAE (American Society of Heating, Refrigerating, and Air-Conditioning Engineers) ventilation and energy standards.
The global energy recovery ventilator market is experiencing significant rise owing to the increasing significance of indoor air quality, innovations in ERVs, increasing trend for green buildings, and growing demand to minimize energy consumption in commercial and residential buildings. COVID-19 pandemic is likely to support the global ERV market due to the increasing requirement of improved quality indoor air to reduce the chances of infection. However, high installation and maintenance costs and lack of awareness is estimated to restrain the growth of the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Energy Recovery Ventilator. The growth and trends of Energy Recovery Ventilator industry provide a holistic approach to this study.
This section of the Energy Recovery Ventilator market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Energy Recovery Ventilator market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Energy Recovery Ventilator market include Mitsubishi Electric Corporation, Daikin, Panasonic Corporation, LG Electronics, Johnson Controls, Munters, Fujitsu General, Carrier Corporation, Nortek Air Solutions, Dunnair Pty Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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