Press release
Global Energy Recovery Ventilator Market Size, Share, Development, Growth and Demand Forecast to 2022
The rising demand for fresh air and the need to reduce pollutants are the driving factors for the global energy recovery ventilator market growth. Additionally, increasing demand for energy housing projects and increase in construction activities is expected to drive the growth of the global energy recover ventilator market, during the forecast period (2016 - 2022).
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The global energy recovery ventilator market has been segmented by technology, application and region. Based on technology, the market has been segmented into run around coil, heat pipe heat exchanger, plate heat exchanger and rotary heat exchanger. On the basis of application, the market has been segmented into commercial and residential.
Based on technology, the plate heat exchanger segment is expected to witness highest growth in the global energy recovery ventilator market, during the forecast period. Plate heat exchanger maintains the temperature of a building and provides well-organized instrument for heat transfer, which further reduces energy consumption and CO2 emission. Such features support further growth of the plate heat exchanger segment in the global energy recovery ventilator market. The market is expected to grow further, during the forecast period, on account of demand from developing nations such as China, India and Brazil.
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On the basis of application, the commercial segment is expected to witness higher growth in the global market for energy recovery ventilator. The segment reports huge demand for energy recovery ventilators. The rising demand for improved air quality is expected to bring an increase in the demand for energy recovery ventilators from commercial buildings.
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