Research Nester published a report titled “Energy Recovery Ventilator Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global energy recovery ventilator market in terms of market segmentation by technology type, type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global energy recovery ventilator market is estimated to occupy a hefty amount of revenue by growing at a CAGR of ~6% during the forecast period, i.e., 2022 – 2030, owing to the escalating construction of green buildings globally, and rising awareness about indoor air quality. Apart from these, growing technological developments for making innovative products and increasing usage of renewable materials for generation of electricity are also expected to drive market growth in the forthcoming years. In 2018, the International Energy Agency suggested in one of its statistics that 421,131 GWh of electricity was generated from primary solid biofuels in that year, up from 390,848 GWh and 366,375 GWh of electricity produced in the 2017 and 2016 respectively.
The market is segmented by technology type, type, and applications. Based on technology type, the plate heat exchanger segment is anticipated to grab the largest market share during the forecast period on the back of growing demand for these ventilators from residential and commercial sectors. Additionally, by application, the commercial segment is projected to gather the largest share over the forecast period ascribing to the rising number of energy efficient buildings worldwide.
Geographically, the global energy recovery ventilator market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the increasing residential fixed investments. Moreover, Asia Pacific is predicted to register noteworthy growth ascribing to the escalating living standards and robust growth of real estate sector in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Growing Construction of Green Buildings Globally to Drive Market Growth
Over the last few years, the consciousness regarding the health of occupants is on an upsurge, as a result of rising emissions. This is giving impetus to the construction of green and healthier buildings streamlined with supportive ventilation, which in turn is considered to be one of the most crucial factors driving market growth in the coming years.
However, expensive maintenance of energy recovery ventilator is expected to operate as key restraint to the growth of the global energy recovery ventilator market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global energy recovery ventilator market which includes company profiling of Panasonic Corporation, Mitsubishi Electric Corporation, Daikin Industries, Ltd., Lennox International, LLC, Nortek Air Solutions, LLC, Dae Ryun Ind. Co. Ltd., UltinateAir, Inc., Carrier Corporation, General Electric Company, LG Electronics, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global energy recovery ventilator market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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