Global Energy Recovery Ventilators Market to Reach $4.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Energy Recovery Ventilators estimated at US$2.4 Billion in the year 2020, is projected to reach a revised size of US$4.7 Billion by 2027, growing at a CAGR of 10.1% over the analysis period 2020-2027. Plate Heat Exchanger, one of the segments analyzed in the report, is projected to record a 10.9% CAGR and reach US$2.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Heat Pipe Heat Exchanger segment is readjusted to a revised 10.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $705.8 Million, While China is Forecast to Grow at 9.4% CAGR
The Energy Recovery Ventilators market in the U.S. is estimated at US$705.8 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$801 Million by the year 2027 trailing a CAGR of 9.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.4% and 8.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.
Rotary Heat Exchanger Segment to Record 9.3% CAGR
In the global Rotary Heat Exchanger segment, USA, Canada, Japan, China and Europe will drive the 9.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$271.7 Million in the year 2020 will reach a projected size of US$508.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$537.3 Million by the year 2027.
Select Competitors (Total 38 Featured):
Amid the COVID-19 crisis, the global market for Energy Recovery Ventilators estimated at US$2.4 Billion in the year 2020, is projected to reach a revised size of US$4.7 Billion by 2027, growing at a CAGR of 10.1% over the analysis period 2020-2027. Plate Heat Exchanger, one of the segments analyzed in the report, is projected to record a 10.9% CAGR and reach US$2.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Heat Pipe Heat Exchanger segment is readjusted to a revised 10.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $705.8 Million, While China is Forecast to Grow at 9.4% CAGR
The Energy Recovery Ventilators market in the U.S. is estimated at US$705.8 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$801 Million by the year 2027 trailing a CAGR of 9.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.4% and 8.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.
Rotary Heat Exchanger Segment to Record 9.3% CAGR
In the global Rotary Heat Exchanger segment, USA, Canada, Japan, China and Europe will drive the 9.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$271.7 Million in the year 2020 will reach a projected size of US$508.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$537.3 Million by the year 2027.
Select Competitors (Total 38 Featured):
- Airxchange Inc.
- Broan-Nutone LLC
- Carrier Corporation
- Daikin Industries Ltd.
- Desiccant Rotors International (Dri)
- Dunnair (Aust) Pty Ltd.
- FlaktGroup
- Fujitsu General Ltd.
- Greenheck Fan Corporation
- Heatex AB
- Johnson Controls International PLC
- Lennox International, Inc.
- LG Electronics Inc.
- Loren Cook Company
- Mitsubishi Electric Corporation
- Munters AB
- Nortek Air Solutions, LLC.
- OSTBERG GROUP AB
- Panasonic Corporation
- Paschal Heat, Air & Geothermal
- Renewaire
- Reznor
- Ruskin Rooftop Systems
- Trane, Inc.
- Zehnder America, Inc.
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
III. MARKET ANALYSIS
IV. COMPETITION
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