Press release
The Global Heat Recovery Ventilator Market Is Estimated At US$ 3.7 Bn In 2022
The global heat recovery ventilator market is estimated at US$ 3.7 Bn in 2022, and is forecast to reach US$ 7.7 Bn by the end of 2032, increasing at a CAGR of 7.4% over the 2022-2032 assessment period.The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
The report offers actionable and valuable market insights of Heat Recovery Ventilator. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Heat Recovery Ventilator Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Heat Recovery Ventilator market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Heat Recovery Ventilator
This newly published and insightful report sheds light on Market Insights of Heat Recovery Ventilator, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Heat Recovery Ventilator Market.
Competitive Analysis
Fact.MR evaluates that the heat recovery ventilation system market is concentrated and a large chunk is encapsulated by tier-1 players operating on a global scale. Where tier-1 players are focused on reliability, life expectancy, and technological advancements, tier-2 players are competing with competitive price points.
Key manufacturers in the heat recovery ventilator (HRV) market are located in the U.S., Canada, Sweden, Switzerland, U.K., Japan, and South Korea. Japan and South Korea are likely to represent the most prominent manufacturers of HRVs, including ELIM Electronics, LG Electronics, Panasonic Corporation, Mitsubishi Electric, Fujitsu General, and Daikin Industries, Ltd.
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Some of the key recent developments in the market are as follows:
• In Oct 2021, Mitsubishi announced Integrate Building Systems to build a subsidiary via a company split. Building systems, being one of the growth areas, would help realization of a decarbonized society through HRVs and ERVs
• In Sep 2021, Mitsubishi electric launched bypass ventilation systems for homeowners and corporates, which have a high range of variants that can be used as per user compatibility.
• In August 2021, Systemair launched a new generation of AHU air filters capable of neutralizing viruses.
• In Apr 2021, Bryant announced the launching of IOT-based 'New Bryant Home App' with ease of operation in managing HRV and ERV systems, with many features and benefits for remote access.
• In Sept. 2020, Zehnder America announced the launch of a fresh air energy recovery ventilation system for residential buildings.
• In Oct. 2020, Venmar launched the VIRTUO smart air exchanger, the world's first air exchanger with Artificial Intelligence (AI)-based technology.
Other recent developments related to companies offering heat recovery ventilators have been tracked by the team of Fact.MR, which are available in the full report.
Key Segments of Heat Recovery Ventilator Industry Research
By Mounting:
• Wall-Mounted Heat Recovery Ventilators
• Ceiling-Mounted Heat Recovery Ventilators
• Cabinet-Mounted Heat Recovery Ventilators
By Venting:
• Horizontal Heat Recovery Ventilators
• Vertical Heat Recovery Ventilators
By Control:
• Automatic Heat Recovery Ventilators
• Manual Heat Recovery Ventilators
By Air Flow:
• Below 100 cfm Heat Recovery Ventilators
• 00-150 cfm Heat Recovery Ventilators
• 150-200 cfm Heat Recovery Ventilators
• 200-250 cfm Heat Recovery Ventilators
• Above 250 cfm Heat Recovery Ventilators
By Heat Exchanger Type:
• Cross Flow Plates
• Counterflow Plate Heat Plates
• Rotating Heat Exchangers
By End Use:
• Residential Heat Recovery Ventilators
• Commercial Heat Recovery Ventilators
• Industrial Heat Recovery Ventilators
By Region:
• North America Heat Recovery Ventilator Market
• Latin America Heat Recovery Ventilator Market
• Europe Heat Recovery Ventilator Market
• East Asia Heat Recovery Ventilator Market
• South Asia & Oceania Heat Recovery Ventilator Market
• Middle East & Africa Heat Recovery Ventilator Market
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Key Question answered in the survey of Heat Recovery Ventilator market report:
• Sales and Demand of Heat Recovery Ventilator
• Growth of Heat Recovery Ventilator Market
• Market Analysis of Heat Recovery Ventilator
• Market Insights of Heat Recovery Ventilator
• Key Drivers Impacting the Heat Recovery Ventilator market
• Which are the Key drivers impacted by Heat Recovery Ventilator market
• Heat Recovery Ventilator Market Growth
• Market Survey of Heat Recovery Ventilator
More Valuable Insights on Heat Recovery Ventilator Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Heat Recovery Ventilator, Sales and Demand of Heat Recovery Ventilator, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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