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Energy Recovery Ventilator Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Technology Type and End User and Geography

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    Report

  • 162 Pages
  • August 2020
  • Region: Global
  • The Insight Partners
  • ID: 5145023
UP TO OFF until Mar 31st 2024
Increasing Construction of Green Buildings Worldwide to Provide Growth Opportunities for Energy Recovery Ventilator Market

According to our latest market study on Energy Recovery Ventilator Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Technology Type (Plate Heat Exchanger, Heat Pipe Heat Exchanger, Rotary Heat Exchanger, Run-Around Coil, and Other Types) and End User (Residential, Commercial, and Industrial) the market was valued at US$ 2.83 billion in 2019 and is expected to grow at a CAGR of 7.8% during the forecast period of 2020 to 2027 to reach US$ 5.06 billion by 2027.

With the developing economy, innovative building technologies have begun to transform the urban landscape. The advent of low-wattage fluorescent lighting, reflective glass, air conditioning, and structural steel made possible enclosed glass-and-steel building/facilities, which can be cooled and heated through massive heating, ventilating, and air conditioning (HVAC) systems. The Green Building movement has been pushing the HVAC market to develop innovative solutions to reduce energy costs and improve indoor air quality. The air conditioning and ventilation system, a major component in green building design, is on the edge of a paradigm shift. This shift is offering ventilation system manufacturers opportunities for exploring energy efficient designs. Increase in construction of green buildings due to growing awareness of environmental sustainability is expected to drive the growth of the energy recovery ventilator market. Stringent government norms with respect to environmental protection are also supporting the implementation of green infrastructure, which is projected to promote the market.

For instance, Standard 189.1, Design of High-Performance Green Buildings, is imposed on the green-building movement, which is a joint standard between the U.S. Green Building Council (USGBC), American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), and the New York-based Illuminating Engineering Society of North America. According to the USGBC, green and healthier buildings constructed through supportive ventilation can raise lease rate by 20%, building asset value by 10%, and return on investment (ROI) by 19%. The surge in construction work across several industries is anticipated to create sales opportunities for the market positively. Thus, growing demand to control the energy consumption in commercial and residential buildings and increasing support by government toward the construction of greenhouse buildings are some of the significant factors that are anticipated to propel the growth of the energy recovery ventilator market in the near future.

Geographically, North America region held the largest share of the energy recovery ventilator market in 2019, followed by the Europe and Asia Pacific. Further, Asia Pacific is projected to witness the highest growth rate over the forecast period of 2020 to 2027. The energy recovery ventilator market has been segmented based on technology type, end user, and geography. In terms of technology type, the market is categorized into plate heat exchanger, heat pipe heat exchanger, rotary heat exchanger, run-around coil, and other types. The plate heat exchanger segment represented the largest share of the overall market during the forecast period. Based on end user, the energy recovery ventilator market is segmented into residential, commercial, and industrial. In 2019, commercial segment accounted for a substantial share in the global energy recovery ventilator market.

Impact of COVID-19 Pandemic on Energy Recovery Ventilator Market

The COVID-19 outbreak, which began in Wuhan, China, in December 2019, has spread at a fast pace worldwide. The global factory shutdowns, travel bans, and border lockdowns, to combat and contain the outbreak, have impacted every industry and economy worldwide. COVID-19 is creating challenges for medical institutions, healthcare institutions, manufacturing units, commercial office premises, shopping complexes, and airports worldwide. The sharp decline in industrial and commercial activities is impacting the growth of the global energy recovery ventilator market as they are the major supply and demand sources for energy recovery ventilators. Factory shutdowns and border lockdowns have impacted manufacturing, supply, and sales of energy recovery ventilators. European countries represent a major market for energy recovery ventilator owing to stringent industry/government regulations in various countries for developing green buildings in residential as well as commercial sectors. The lockdown has affected new construction projects and investments in various European countries, thus impacting the growth of the energy recovery ventilator market in this region.

Major companies operating in energy recovery ventilator market include Carrier Corporation; Daikin Industries, Ltd.; Fujitsu General; Greenheck Fan Corporation; Johnson Controls International Plc.; LG Electronics; Mitsubishi Electric Corporation; Munters; Nortek Air Solutions; and Panasonic Corporation. Several other companies are also offering these energy recovery ventilators, which is boosting the growth of the market.

The report segments the global energy recovery ventilator market as follows:

Energy Recovery Ventilator Market - By Technology Type
  • Plate Heat Exchanger
  • Heat Pipe Heat Exchanger
  • Rotary Heat Exchanger
  • Run-Around Coil
  • Other Types
Energy Recovery Ventilator Market - By End User
  • Residential
  • Commercial
  • Industrial
Energy Recovery Ventilator Market - By Region
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of SAM

Reasons to Buy:
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global energy recovery ventilator market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global energy recovery ventilator market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Energy Recovery Ventilator Market - By Technology Type
1.3.2 Energy Recovery Ventilator Market - By End User
1.3.3 Energy Recovery Ventilator Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Energy Recovery Ventilator Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Energy Recovery Ventilator -Market Dynamics
5.1 Market Drivers
5.1.1 Rising Importance of Indoor Air Quality and Load Reduction
5.1.2 Positive Impact of Codes and Standards on Market Growth
5.2 Market Restraints
5.2.1 Installation Complexity and High Maintenance Cost
5.3 Market Opportunities
5.3.1 Increasing Construction of Green Buildings Worldwide
5.4 Future Trends
5.4.1 Continuous Advancements in Energy Recovery Ventilator Solutions
5.5 Impact Analysis of Drivers and Restraints
6. Energy Recovery Ventilator Market - Global Analysis
6.1 Global Energy Recovery Ventilator Market Overview
6.2 Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Billion)
6.3 Market Positioning - Five Key Players
7. Energy Recovery Ventilator Market Analysis - By Technology Type
7.1 Overview
7.2 Energy Recovery Ventilator Market Breakdown, by Technology Type, 2019 & 2027
7.3 Plate Heat Exchanger
7.3.1 Overview
7.3.2 Plate Heat Exchanger Market Revenue and Forecast to 2027 (US$ Million)
7.4 Heat Pipe Heat Exchanger
7.4.1 Overview
7.4.2 Heat Pipe Heat Exchanger Market Revenue and Forecast to 2027 (US$ Million)
7.5 Rotary Heat Exchanger
7.5.1 Overview
7.5.2 Rotary Heat Exchanger Market Revenue and Forecast to 2027 (US$ Million)
7.6 Run-Around Coil
7.6.1 Overview
7.6.2 Run-Around Coil Market Revenue and Forecast to 2027 (US$ Million)
7.7 Other Types
7.7.1 Overview
7.7.2 Other Types Market Revenue and Forecast to 2027 (US$ Million)
8. Energy Recovery Ventilator Market Analysis- By End User
8.1 Overview
8.2 Global Energy Recovery Ventilator Market Breakdown, By End User, 2019 & 2027
8.3 Residential
8.3.1 Overview
8.3.2 Residential Market Revenue and Forecast to 2027 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial Market Revenue and Forecast to 2027 (US$ Million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial Market Revenue and Forecast to 2027 (US$ Million)
9. Energy Recovery Ventilator Market - Geographic Analysis
9.1 Overview
9.2 North America: Energy Recovery Ventilator Market
9.2.1 North America: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.2.2 North America: Energy Recovery Ventilator Market, by Technology Type
9.2.3 North America: Energy Recovery Ventilator Market, by End User
9.2.4 North America: Energy Recovery Ventilator Market, by Key Country
9.2.4.1 US: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.2.4.1.1 US: Energy Recovery Ventilator Market, by Technology Type
9.2.4.1.2 US: Energy Recovery Ventilator Market, by End User
9.2.4.2 Canada: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.2.4.2.1 Canada: Energy Recovery Ventilator Market, by Technology Type
9.2.4.2.2 Canada: Energy Recovery Ventilator Market, by End User
9.2.4.3 Mexico: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.2.4.3.1 Mexico: Energy Recovery Ventilator Market, by Technology Type
9.2.4.3.2 Mexico: Energy Recovery Ventilator Market, by End User
9.3 Europe: Energy Recovery Ventilator Market
9.3.1 Europe: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.3.2 Europe: Energy Recovery Ventilator Market, by Technology Type
9.3.3 Europe: Energy Recovery Ventilator Market, by End User
9.3.4 Europe: Energy Recovery Ventilator Market, by Key Country
9.3.4.1 Germany: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.3.4.1.1 Germany: Energy Recovery Ventilator Market, by Technology Type
9.3.4.1.2 Germany: Energy Recovery Ventilator Market, by End User
9.3.4.2 France: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.3.4.2.1 France: Energy Recovery Ventilator Market, by Technology Type
9.3.4.2.2 France: Energy Recovery Ventilator Market, by End User
9.3.4.3 Italy: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.3.4.3.1 Italy: Energy Recovery Ventilator Market, by Technology Type
9.3.4.3.2 Italy: Energy Recovery Ventilator Market, by End User
9.3.4.4 UK: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.3.4.4.1 UK: Energy Recovery Ventilator Market, by Technology Type
9.3.4.4.2 UK: Energy Recovery Ventilator Market, by End User
9.3.4.5 Russia: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.3.4.5.1 Russia: Energy Recovery Ventilator Market, by Technology Type
9.3.4.5.2 Russia: Energy Recovery Ventilator Market, by End User
9.3.4.6 Rest of Europe: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.3.4.6.1 Rest of Europe: Energy Recovery Ventilator Market, by Technology Type
9.3.4.6.2 Rest of Europe: Energy Recovery Ventilator Market, by End User
9.4 APAC: Energy Recovery Ventilator Market
9.4.1 APAC: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.4.2 APAC: Energy Recovery Ventilator Market, by Technology Type
9.4.3 APAC: Energy Recovery Ventilator Market, by End User
9.4.4 APAC: Energy Recovery Ventilator Market, by Key Country
9.4.4.1 Australia: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.4.4.1.1 Australia: Energy Recovery Ventilator Market, by Technology Type
9.4.4.1.2 Australia: Energy Recovery Ventilator Market, by End User
9.4.4.2 China: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.4.4.2.1 China: Energy Recovery Ventilator Market, by Technology Type
9.4.4.2.2 China: Energy Recovery Ventilator Market, by End User
9.4.4.3 India: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.4.4.3.1 India: Energy Recovery Ventilator Market, by Technology Type
9.4.4.3.2 India: Energy Recovery Ventilator Market, by End User
9.4.4.4 Japan: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.4.4.4.1 Japan: Energy Recovery Ventilator Market, by Technology Type
9.4.4.4.2 Japan: Energy Recovery Ventilator Market, by End User
9.4.4.5 South Korea: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.4.4.5.1 South Korea: Energy Recovery Ventilator Market, by Technology Type
9.4.4.5.2 South Korea: Energy Recovery Ventilator Market, by End User
9.4.4.6 Rest of APAC: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.4.4.6.1 Rest of APAC: Energy Recovery Ventilator Market, by Technology Type
9.4.4.6.2 Rest of APAC: Energy Recovery Ventilator Market, by End User
9.5 MEA: Energy Recovery Ventilator Market
9.5.1 MEA: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.5.2 MEA: Energy Recovery Ventilator Market, by Technology Type
9.5.3 MEA: Energy Recovery Ventilator Market, by End User
9.5.4 MEA: Energy Recovery Ventilator Market, by Key Country
9.5.4.1 South Africa: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.5.4.1.1 South Africa: Energy Recovery Ventilator Market, by Technology Type
9.5.4.1.2 South Africa: Energy Recovery Ventilator Market, by End User
9.5.4.2 Saudi Arabia: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.5.4.2.1 Saudi Arabia: Energy Recovery Ventilator Market, by Technology Type
9.5.4.2.2 Saudi Arabia: Energy Recovery Ventilator Market, by End User
9.5.4.3 UAE: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.5.4.3.1 UAE: Energy Recovery Ventilator Market, by Technology Type
9.5.4.3.2 UAE: Energy Recovery Ventilator Market, by End User
9.5.4.4 Rest of MEA: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.5.4.4.1 Rest of MEA: Energy Recovery Ventilator Market, by Technology Type
9.5.4.4.2 Rest of MEA: Energy Recovery Ventilator Market, by End User
9.6 SAM: Energy Recovery Ventilator Market
9.6.1 SAM: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.6.2 SAM: Energy Recovery Ventilator Market, by Technology Type
9.6.3 SAM: Energy Recovery Ventilator Market, by End User
9.6.4 SAM: Energy Recovery Ventilator Market, by Key Country
9.6.4.1 Brazil: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.6.4.1.1 Brazil: Energy Recovery Ventilator Market, by Technology Type
9.6.4.1.2 Brazil: Energy Recovery Ventilator Market, by End User
9.6.4.2 Argentina: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.6.4.2.1 Argentina: Energy Recovery Ventilator Market, by Technology Type
9.6.4.2.2 Argentina: Energy Recovery Ventilator Market, by End User
9.6.4.3 Rest of SAM: Energy Recovery Ventilator Market - Revenue and Forecast to 2027 (US$ Million)
9.6.4.3.1 Rest of SAM: Energy Recovery Ventilator Market, by Technology Type
9.6.4.3.2 Rest of SAM: Energy Recovery Ventilator Market, by End User
10. Energy Recovery Ventilator Market- COVID-19 Impact Analysis
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Middle East and Africa
10.6 South America
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.1 Merger and Acquisition
12. Company Profiles
12.1 Daikin Industries, Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Carrier Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 FUJITSU GENERAL
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Greenheck Fan Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Johnson Controls International Plc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 LG Electronics
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Mitsubishi Electric Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Munters
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Nortek Air Solutions
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Panasonic Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Carrier Corporation
  • Daikin Industries, Ltd.
  • Fujitsu General
  • Greenheck Fan Corporation
  • Johnson Controls International Plc.
  • LG Electronics
  • Mitsubishi Electric Corporation
  • Munters
  • Nortek Air Solutions
  • Panasonic Corporation