energy recovery ventilator 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.
Increase in need forindoor air quality and load reduction, positive impact of codes and standards, rise in construction of green buildings, and continuous advancements in energy recovery ventilator (ERV) solutions are some of the factors accountable for boosting the market growth. Various companies operating in energy recovery ventilator market are significantly investing on initiatives to strengthen their market position. For instance, in 2019, Greenheck unveiled its plan to expand its manufacturing facilities in Shelby, North Carolina. Greenheck invested nearly US$60 million to expand production of its Dedicated Outdoor Air Systems (DOAS), Tempered Air Products (TAP), and Architectural Products. The expansion plans include the purchase of an existing manufacturing facility that would support increased demand for Greenheck DOAS and TAP products. In 2018, Nortek Air Solutions, LLC, introduced R7DA, a combination dedication outdoor air system and conventional space conditioning rooftop unit (RTU), to the Mammoth branded R7 Platform product lines for optimum indoor air quality (IAQ) and space comfort in commercial applications. These strategic initiatives are expected to boost the demand for energy recovery ventilator systems in the coming years.
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The List of Companies: Carrier Corporation, Daikin Industries, Fujitsu General, Greenheck Fan Corporation, Johnson Controls International Plc., LG Electronics, Mitsubishi Electric Corporation, Munters, Nortek Air Solutions, Panasonic Corporation
The latest research report on the “Energy Recovery Ventilator Market – Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027” provides a comprehensive assessment of the Energy Recovery Ventilator market for the forecast period from 2020 to 2027, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Energy Recovery Ventilator market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Energy Recovery Ventilator Market in order to help decision makers with various strategic insights and future outlook. The Energy Recovery Ventilator market is expected to witness continued growth during the forecast period from 2020 to 2027.
This is a professional and in-depth study on the current state of the Energy Recovery Ventilator Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Energy Recovery Ventilator Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The report focuses on global major leading Energy Recovery Ventilator Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
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Reasons to Buy
- Highlights key business priorities to assist companies realign their business strategies.
- Features key findings and crucial progressive industry trends in the global Energy Recovery Ventilator market, thereby allowing players to develop effective long-term strategies.
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
- Scrutinizes in-depth market trends as well as key market drivers and restraints.
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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