According to a new market research report published by Global Insight Services “ Energy Recovery Ventilator Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
An energy recovery ventilator (ERV) is a type of mechanical ventilation system that helps to improve indoor air quality by exchanging the air in a room with fresh air from outside while also recovering the energy from the exhaust air. The recovered energy is used to heat or cool the fresh air, which makes the ERV more efficient than a traditional ventilation system.
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Top Key Players in Energy Recovery Ventilator market: Carrier Corporation, Daikin Industries, Ltd., Fujitsu General, Greenheck Fan Corporation, Johnson Controls International Plc.
Key Trends
There are several key trends in energy recovery ventilator technology. One is the development of more efficient heat exchangers. This is important because energy recovery ventilators rely on heat exchangers to transfer heat from the exhaust air to the incoming air. The more efficient the heat exchanger, the more energy that can be recovered.
Key Drivers
Increasing awareness about the energy saving potential of energy recovery ventilators: Energy recovery ventilators are gaining popularity due to the awareness about the energy saving potential of these devices. Energy recovery ventilators help in reducing the energy consumption of HVAC systems by up to 30%.
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Market Segments
The Energy Recovery Ventilator Market is segmented by technology type, end-user, and region. By technology type, the market is divided into plate heat exchanger, heat pipe heat exchanger, rotary heat exchanger, and others. Based on end-user, it is bifurcated into residential, commercial, and industrial. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Reasons to buy Energy Recovery Ventilator Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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