Global Energy Recovery Ventilators Market Size, Trends & Growth Opportunity, By Type (Ceiling-Mount, Wall-Mount, and Cabinet), By Technology (Heat Pipe Heat Exchanger, Run-Around Coil, Plate Heat Exchanger, Rotary Heat Exchanger, and Other), By Application (Residential, Industrial, Commercial, and Others) By Region and Forecast till 2030.
Report ID : IR1002458 | Industries : Energy & Power | Published On :June 2024 | Page Count : 232
Global Energy Recovery Ventilators Market Size, Trends & Growth Opportunity, By Type (Ceiling-Mount, Wall-Mount, and Cabinet), By Technology (Heat Pipe Heat Exchanger, Run-Around Coil, Plate Heat Exchanger, Rotary Heat Exchanger, and Other), By Application (Residential, Industrial, Commercial, and Others) By Region and Forecast till 2030.
Global Energy Recovery Ventilators Market
The Global Energy Recovery Ventilators Market is expected to grow from US$ 2.9 Billion in 2022 to US$ 9.8 Billion by 2030; it is estimated to grow at a CAGR of 16.44% from 2023-2030.
Market Overview
In commercial and residential HVAC (Heating, Ventilation, Air Conditioning) systems, energy recovery ventilation (ERV) is the energy recovery process of exchanging energy where the ventilation unit is enclosed, typically in exhausted building/space air and using it to treat or precondition the entering outdoor ventilation air. ERVs are built in locations with large populations of people and a requirement for enough fresh air.
Market Drivers
The primary cause driving up the market growth rate is the rising need for reducing energy consumption in residential and commercial buildings, as well as the rising number of green buildings. Additionally, the growing significance of indoor air quality and growing public awareness of indoor environmental quality will pave the path for market expansion. However, the market for energy recovery ventilators cannot expand due to the high costs of installation and maintenance.
Market Restraints
On the other hand, a significant obstacle to the market's expansion for energy recovery ventilators is the general lack of knowledge about the advantages offered by these devices.
Impact of Covid-19
The COVID-19 pandemic had a negative effect on the market in 2020 as a result of a suspension of manufacturing activity and supply chain disruptions brought on by worldwide limitations. However, after the pandemic, as the economy began to recover, demand began to pick up steam as a result of a considerable increase in car production and sales in important nations like the United States, China, India, and others.
Market Segmentation
Segmentation By Type: Global Energy Recovery Ventilators Market is segmented on the basis of Type into Up to Ceiling-Mount, Wall-Mount, and Cabinet.
Segmentation By Technology: Global Energy Recovery Ventilators Market is segmented on the basis of Technology into Heat Pipe Heat Exchanger, Run-Around Coil, Plate Heat Exchanger, Rotary Heat Exchanger, and Other.
Segmentation By Application: Global Energy Recovery Ventilators Market is segmented on the basis of Application into Residential, Industrial, Commercial, and Others.
Segmentation By Region: Global Energy Recovery Ventilators Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such Mitsubishi Electric Corporation, Reznor HVAC, Trane, Broan-Nutone, LLC, Daikin Industries Ltd., Heatex, Panasonic Corporation, Dunnair (AUST) PTY LTD, LG Electronics, Johnson Controls, Munters, Airxchange, Inc. Ostberg Group AB, Carrier, Lennox International, Nortek Air Solutions, and Greenheck Fan Corporation.
Industrial Development
• 2020 will see the introduction of a larger selection of PuriCare air care products to the international market by LG Electronics (LG). The entire line provides much-needed relief from poor indoor air quality brought on by local weather phenomena like dust and sand storms or industrial pollution.
Market Taxonomy
By Type
• Ceiling-Mount
• Wall-Mount
• Cabinet
By Technology
• Heat Pipe Heat Exchanger
• Run-Around Coil
• Plate Heat Exchanger
• Rotary
• Heat Exchanger
• Other
By Application
• Residential
• Industrial
• Commercial
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Energy Recovery Ventilators Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
Global Energy Recovery Ventilators Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Energy Recovery Ventilators Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Energy Recovery Ventilators Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Automotive Brake Pad Market Share Analysis, By Type
5.3 Global Automotive Brake Pad Market Size and Forecast, By Type
5.3.1 Ceiling-Mount
5.3.2 Wall-Mount
5.3.3 Cabinet
6 Global Energy Recovery Ventilators Market, By Distribution Channel
6.1 Y-o-Y Growth Comparison, By Distribution Channel
6.2 Global Automotive Brake Pad Market Share Analysis, By Distribution Channel
6.3 Global Automotive Brake Pad Market Size and Forecast, By Distribution Channel
6.3.1 Specialty Stores
6.3.2 Online Retail
6.3.3 Others
7 Global Energy Recovery Ventilators Market, By Flavor
7.1 Y-o-Y Growth Comparison, By Flavor
7.2 Global Automotive Brake Pad Market Share Analysis, By Flavor
7.3 Global Automotive Brake Pad Market Size and Forecast, By Flavor
7.3.1 Chocolate Flavor
7.3.2 Nut Flavor
7.3.3 Fruit Flavor
7.3.4 Fusion Flavor
7.3.5 Others
8 Global Energy Recovery Ventilators Market, By Region
8.1 Global Automotive Brake Pad Market Share Analysis, By Region
8.2 Global Automotive Brake Pad Market Share Analysis, By Region
8.3 Global Automotive Brake Pad Market Size and Forecast, By Region
9 North America Energy Recovery Ventilators Market Analysis and Forecast (2023 – 2030)
9.1 Introduction
9.2 North America Automotive Brake Pad Market Share Analysis, By Type
9.3 North America Automotive Brake Pad Market Size and Forecast, By Distribution Channel
9.4 North America Automotive Brake Pad Market Size and Forecast, By Flavor
9.5 North America Automotive Brake Pad Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Energy Recovery Ventilators Market Analysis and Forecast (2023 – 2030)
10.1 Introduction
10.2 Europe Automotive Brake Pad Market Share Analysis, By Type
10.3 Europe Automotive Brake Pad Market Size and Forecast, By Distribution Channel
10.4 Europe Automotive Brake Pad Market Size and Forecast, By Flavor
10.5 Europe Automotive Brake Pad Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Energy Recovery Ventilators Market Analysis and Forecast (2023 – 2030)
11.1 Introduction
11.2 Asia Pacific Automotive Brake Pad Market Share Analysis, By Type
11.3 Asia Pacific Automotive Brake Pad Market Size and Forecast, By Distribution Channel
11.4 Asia Pacific Automotive Brake Pad Market Size and Forecast, By Flavor
11.5 Asia Pacific Automotive Brake Pad Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Energy Recovery Ventilators Market Analysis and Forecast (2023 – 2030)
12.1 Introduction
12.2 Latin America Automotive Brake Pad Market Share Analysis, By Type
12.3 Latin America Automotive Brake Pad Market Size and Forecast, By Distribution Channel
12.4 Latin America Automotive Brake Pad Market Size and Forecast, By Flavor
12.5 Latin America Automotive Brake Pad Market Size and Forecast, Country
13 Middle East Energy Recovery Ventilators Market Analysis and Forecast (2023 – 2030)
13.1 Introduction
13.2 Middle East Automotive Brake Pad Market Share Analysis, By Type
13.3 Middle East Automotive Brake Pad Market Size and Forecast, By Distribution Channel
13.4 Middle East Automotive Brake Pad Market Size and Forecast, By Flavor
13.5 Middle East Automotive Brake Pad Market Size and Forecast, By Country
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Mitsubishi Electric Corporation
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Reznor HVAC
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Broan-Nutone LLC
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Daikin Industries Ltd.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Heatex
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Panasonic Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 LG Electronics
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Johnson Controls
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Greenheck Fan Corporation
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies