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Global Energy Recovery Ventilator Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
In commercial and residential HVAC (heating, ventilation, and air conditioning) systems, energy recovery ventilation (ERV) is the energy recovery process of exchanging energy where the ventilation unit is enclosed, typically in exhausted building or space air, and using it to treat or precondition the entering outdoor ventilation air. ERVs are built in locations with large populations of people and a requirement for enough fresh air. It aids in reducing utility costs and maximising energy recovery within the building. ERV provides for the entry of fresh air, reduces CO2 levels, and keeps residents healthy and aware.
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Due to the improving living standards in nations like China, India, Malaysia, South Korea, Thailand, and others, Asia Pacific is expected to experience the highest CAGR during the projection period. These nations seek to update the stock of residential and commercial buildings. The International Finance Corporation (IFC) projects that East and Pacific Asia will experience rapid expansion in the real estate market. Additionally, it is anticipated that there will be USD 16 trillion in investment opportunities in the commercial and residential construction industries. The demand for ERV in the region will increase as a result of these market opportunities.
Some of the key players in Energy Recovery Ventilator market include Carrier (United Technologies), Dae Ryun Ind. Co. Ltd., Daikin Industries, Ltd., Fujitsu Limited, Greenheck, HIMPEL, Johnson Controls, Lennox International Inc., LG Electronics, Mitsubishi Electric Corporation, Nortek Air Solutions, LLC, Ostberg, Renewaire, Ruskin, S&P USA Ventilation Systems, LLC, Trane, UltimateAir, Inc. and Zehnder.
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