Energy Recovery Ventilator Market: Growth Trends, Key Players, and Industry Forecast by 2024

The Energy Recovery Ventilator Market sector is undergoing significant transformation, with substantial growth and technological advancements expected by 2032. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as market size, share, and emerging trends.

This comprehensive report provides key insights into the Energy Recovery Ventilator Market, exploring critical market segmentation and definitions. It highlights the essential components driving growth, offering a clear picture of the industry’s trajectory. Utilizing SWOT and PESTEL analyses, the report evaluates the market’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors that impact the market landscape.

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Market Summary:

The global energy recovery ventilator market size was valued at USD 3.44 billion in 2022. The market is projected to grow from USD 3.72 billion in 2023 to USD 6.67 billion by 2030, exhibiting a CAGR of 8.7% during the forecast period.

Recent industry developments are;

• Mitsubishi Electric Corporation unveiled an expanded lineup of products aimed at enhancing residential air conditioning. The company introduced new offerings that utilize both split system and ducted technologies reflecting their extensive expertise in air treatment and energy recovery ventilators.
• Greenheck Fan Corporation announced launch of a new energy recovery ventilator for multi-family residential buildings. The company came up with four different models that gave a variety of options and accessories for the customer.
• Holtop developed and launched a new energy recovery ventilator equipped with DX coils that offers cool and warm fresh air to customers. It operates with both VRF/VRV for optimal indoor comfort.
• Mitsubishi Electric Trane HVAC US launched Lossnay energy recovery ventilator units that make use of a free-cooling function that assist in increasing efficiency and reducing cost
• Mitsubishi Electric Corporation’s European subsidiary named ‘Mitsubishi Electric Europe B.V.’ acquired AQS PRODUKTER AB to strengthen commercial cooling and heating products in Sweden and total solution capabilities Mitsubishi Electric Europe B.V.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 100+ Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Major Players:

Carrier (United Technologies) (U.S.), Johnson Controls (Ireland), Daikin Industries, Ltd. (Japan), Mitsubishi Electric Corporation (Japan), LG Electronics (South Korea), Nortek Air Solutions, LLC (U.S.), Lennox International Inc. (U.S.), Greenheck Fan Corporation (U.S.), Fujitsu Limited (Japan), Zehnder Group AG (Switzerland)

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Energy Recovery Ventilator Market Segmentation:

By Type

• Wall-mount
• Ceiling-mount
• Cabinet

By Application

• Residential
• Commercial
• Others (Industrial)

Reasons to purchase this report:

This report offers a detailed analysis of the competitive landscape, emerging growth areas, market conditions, and key trends within the Energy Recovery Ventilator Market. It helps businesses identify expansion opportunities while addressing potential risks and challenges. By assessing product portfolios and business segments, the report provides valuable insights that guide stakeholders in formulating informed investment and market strategies.

The in-depth understanding of industry dynamics presented in the report supports the creation of effective strategies for success in the Energy Recovery Ventilator Market, greatly enhancing decision-making. Overall, this report is an essential resource for those looking to stay updated in this rapidly evolving industry.

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Drivers & Restraints:

• Drivers:
  • Increasing awareness of energy efficiency and indoor air quality in residential and commercial buildings.
  • Growing regulatory standards and green building initiatives promoting the use of energy recovery systems.
• Restraints:
  • High initial installation costs and complexity of integrating energy recovery ventilators into existing HVAC systems.
  • Lack of awareness and technical expertise among consumers and contractors regarding energy recovery technologies.

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Energy Recovery Ventilator Market Regional Segmentation:

• North America (By Type, By Application, and By Country)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Type, By Application, and By Country)
  • Germany (By Application)
  • U.K. (By Application)
  • France (By Application)
  • Rest of Europe
• Asia Pacific (By Type, By Application, and By Country)
  • China (By Application)
  • Japan (By Application)
  • India (By Application)
  • Southeast Asia (By Application)
  • Rest of Asia Pacific
• Middle East and Africa (By Type, By Application, and By Country)
  • GCC (By Application)
  • South Africa (By Application)
  • Rest of Middle East & Africa
• Latin America (By Type, By Application, and By Country)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America

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