HOME Top Market Reports Energy Recovery Ventilator Market by Technology (Plate Heat Exchange, Heat Pipe Heat Exchange, Rotary Heat Exchange, Run-Around Coil, and Others), Application (Commercial, Residential, and Others), Region - Global Forecast to 2021

Energy Recovery Ventilator Market by Technology (Plate Heat Exchange, Heat Pipe Heat Exchange, Rotary Heat Exchange, Run-Around Coil, and Others), Application (Commercial, Residential, and Others), Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: July 2016
Report Code: CH 4461

 

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The global energy recovery ventilator (ERV) market is projected to grow from USD 1.78 Billion in 2015 to USD 3.39 Billion by 2021, at a CAGR of 11.4%. The years considered for the study are:

  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016 to 2021

For company profiles in the report, 2015 has been considered as the base year. In certain cases, wherein information is unavailable for the base year, the years prior to it have been considered.

The Objectives of this Study are:

  • To define, describe, and forecast the energy recovery ventilator market based on technology, application, and region
  • To analyze and forecast the value (USD billion/million) of the global energy recovery ventilator market
  • To provide detailed information regarding the key factors influencing the growth of the market, such as drivers, restraints, and opportunities
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution made to the overall market
  • To analyze the opportunities in the market for stakeholders and draw a competitive landscape of the market
  • To forecast the market size in terms of value with respect to five main regions (along with countries), namely, Asia-Pacific, Europe, North America, Middle East & Africa, and Latin America
  • To strategically profile key players and comprehensively analyze their core competencies
  • To analyze competitive developments, such as joint ventures, mergers & acquisitions, new product developments, and research & development activities (R&D) in the global energy recovery ventilator market

Research Methodology

The research methodology used to estimate and forecast the global energy recovery ventilator market begins with capturing data on key vendor revenues through secondary research using databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites, directories, and industry journals. The vendor offerings are also taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The breakdown of profiles of primaries is depicted in the figure below.

Energy Recovery Ventilator Market

To know about the assumptions considered for the study, download the pdf brochure

The energy recovery ventilator value chain includes manufacturers such as Mitsubishi Electric Corporation, Ltd., Nortek Air Solutions, LLC, Munters Corporation, and Greenheck, among others. The products manufactured by these companies are used for commercial & residential ventilation (homes, offices, hotels, and airports) as well as industrial applications (automotive industry, manufacturing facilities, warehouses, among others).

Target Audience

  • Energy Recovery Ventilator Manufacturers
  • Energy Recovery Ventilator Traders, Suppliers, and Distributors
  • Government and Research Organizations
  • Association and Industrial Bodies
  • Raw Material Suppliers and Distributors
  • Shipping Companies
  • Industry Associations
  • “This study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments”.

Scope of the Report: This research report categorizes the global energy recovery ventilator market on the basis of technology, application, and region, forecasting revenues as well as analyzing trends in each of the submarkets.

On the basis of Technology:

  • Rotary Heat Exchange
  • Plate Heat Exchange
  • Heat Pipe Heat Exchanger
  • Run-around Coil
  • Others

On the basis of Application:

  • Commercial
  • Residential
  • Others

On the basis of Region:

  • Asia-Pacific
  • Europe
  • North America
  • Middle East & Africa
  • Latin America

The following customization options are available for the report:

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of Rest of APAC and Rest of Europe energy recovery ventilator market

Company Information

  • Detailed analysis and profiling of additional market players (up to five companies)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Regional Scope
           1.3.2 Markets Covered
           1.3.3 Years Considered in the Report
    1.4 Currency & Pricing
    1.5 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Key Data From Secondary Sources
           2.1.2 Key Data From Primary Sources
                    2.1.2.1 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Market Share Estimation
    2.5 Assumptions
    2.6 Limitations

3 Executive Summary (Page No. - 26)
    3.1 Introduction
    3.2 Historical Backdrop, Evolution & Current Scenario
    3.3 Conclusion

4 Premium Insights (Page No. - 31)
    4.1 Significant Opportunities in the Global Energy Recovery Ventilator Market
    4.2 Global Energy Recovery Ventilator Market, By Region
    4.3 North America Energy Recovery Ventilator Market
    4.4 Global Energy Recovery Ventilator Market, By Technology
    4.5 Global Energy Recovery Ventilator Market, By Application

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Drivers
           5.2.1 Lower Environmental Impact and High Energy Efficiency to Propel the Demand for ERV Systems
           5.2.2 Growing Construction Activities Boost the Implementation Rate of ERV
           5.2.3 Growing Concern About Indoor Environmental Quality
    5.3 Restraints
           5.3.1 Lack of Awareness Regarding Benefits of Energy Recovery Ventilators
           5.3.2 High Cost of Energy Recovery Ventilator
    5.4 Opportunities
           5.4.1 Increased R&D and Consequent Product Differentiation
    5.5 Challenges
           5.5.1 Complexity in Retrofits of Existing Buildings
    5.6 Economic Indicators
           5.6.1 Industry Outlook
                    5.6.1.1 Construction
           5.6.2 Country Outlook
                    5.6.2.1 Australia
                    5.6.2.2 Brazil
                    5.6.2.3 Canada
                    5.6.2.4 China
                    5.6.2.5 France
                    5.6.2.6 Germany
                    5.6.2.7 India
                    5.6.2.8 Italy
                    5.6.2.9 Japan
                    5.6.2.10 Mexico
                    5.6.2.11 New Zealand
                    5.6.2.12 Saudi Arabia
                    5.6.2.13 South Africa
                    5.6.2.14 U.K.
                    5.6.2.15 U.S.

6 Energy Recovery Ventilator Market, By Technology (Page No. - 51)
    6.1 Introduction
    6.2 Plate Heat Exchange
    6.3 Heat Pipe Heat Exchanger
    6.4 Rotary Heat Exchange
    6.5 Run-Around Coil
    6.6 Others

7 Energy Recovery Ventilator Market, By Application (Page No. - 58)
    7.1 Introduction
    7.2 Commercial
    7.3 Residential
    7.4 Others

8 Energy Recovery Ventilator Market, By Region (Page No. - 63)
    8.1 Introduction
    8.2 Asia-Pacific
           8.2.1 Government Regulations and Associations
           8.2.2 Events to Be Held in the Asia-Pacific Region
           8.2.3 China
           8.2.4 Japan
           8.2.5 India
           8.2.6 Australia
           8.2.7 South Korea
           8.2.8 New Zealand
           8.2.9 Indonesia
           8.2.10 Rest of Asia-Pacific
    8.3 Europe
           8.3.1 Government Regulations and Acts
           8.3.2 Events to Be Held in Europe
           8.3.3 Germany
           8.3.4 France
           8.3.5 U.K.
           8.3.6 Italy
           8.3.7 Spain
           8.3.8 Benelux
           8.3.9 Scandinavia
           8.3.10 Rest of Europe
    8.4 North America
           8.4.1 Government Regulations and Associations
           8.4.2 Events to Be Held in North America
           8.4.3 U.S.
           8.4.4 Canada
           8.4.5 Mexico
    8.5 Middle East & Africa
           8.5.1 Saudi Arabia
           8.5.2 UAE
           8.5.3 Egypt
           8.5.4 Rest of Middle East & Africa
    8.6 Latin America
           8.6.1 Brazil
           8.6.2 Argentina
           8.6.3 Rest of Latin America

9 Competitive Landscape (Page No. - 112)
    9.1 Overview
    9.2 Competitive Situations and Trends
    9.3 Key Growth Strategies in the Energy Recovery Ventilator Market
    9.4 New Product Developments
    9.5 Mergers
    9.6 Acquisitions
    9.7 New Technology Launches

10 Company Profiles (Page No. - 117)
*Details Might Not Be Captured in Case of Unlisted Companies.
     10.1 Introduction
     10.2 Mitsubishi Electric Corporation, Ltd.
     10.3 Nortek Air Solutions
     10.4 Munters Corporation
     10.5 Greenheck
     10.6 Renewaire, LLC
     10.7 Reznor
     10.8 Zehnder America, Inc.
     10.9 Ruskin Rooftop System
     10.10 DRI Innovative Solutions
     10.11 Other Players

*Details Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 134)
     11.1 Discussion Guide
     11.2 Introducing RT: Real-Time Market Intelligence
     11.3 Knowledge Store: Marketsandmarkets Subscription Portal
     11.4 Available Customizations
     11.5 Related Reports


List of Tables (102 Tables)

Table 1 The North America Energy Recovery Ventilator Market is Expected to Grow at A High CAGR Between 2016 and 2021
Table 2 List of Regulations and Standards That Encourage Energy Efficiency
Table 3 Australia: Economic Outlook
Table 4 Brazil: Economic Outlook
Table 5 Canada: Economic Outlook
Table 6 China: Economic Outlook
Table 7 France: Economic Outlook
Table 8 Germany: Economic Outlook
Table 9 India: Economic Outlook
Table 10 Italy: Economic Outlook
Table 11 Japan: Economic Outlook
Table 12 Mexico: Economic Outlook
Table 13 New Zealand: Economic Outlook
Table 14 Saudi Arabia: Economic Outlook
Table 15 South Africa: Economic Outlook
Table 16 U.K.: Economic Outlook
Table 17 U.S.: Economic Outlook
Table 18 Energy Recovery Ventilator Market, By Technology , 2014–2021 (USD Million)
Table 19 Plate Heat Exchange Market, By Region, 2014–2021 (USD Million)
Table 20 Heat Pipe Heat Exchanger Market, By Region, 2014–2021 (USD Million)
Table 21 Rotary Heat Exchange Market, By Region, 2014–2021 (USD Million)
Table 22 Run-Around Coil Market, By Region, 2014–2021 (USD Million)
Table 23 Others Market, By Region, 2014–2021 (USD Million)
Table 24 Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 25 Energy Recovery Ventilator Market in Commercial Application, By Region, 2014–2021 (USD Million)
Table 26 Energy Recovery Ventilator Market in Residential Application, By Region, 2013–2021 (USD Million)
Table 27 Energy Recovery Ventilator Market in Others Application, By Region, 2014–2021 (USD Million)
Table 28 Energy Recovery Ventilator Market, By Region, 2014–2021 (USD Million)
Table 29 List of Events to Be Held in the Asia-Pacific Region
Table 30 Asia-Pacific Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 31 Asia-Pacific Energy Recovery Ventilator Market, By Country, 2014–2021 (USD Million)
Table 32 Asia-Pacific Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 33 China Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 34 China Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 35 Japan Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 36 Japan Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 37 India Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 38 India Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 39 Australia Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 40 Australia Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 41 South Korea Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 42 South Korea Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 43 New Zealand Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 44 New Zealand Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 45 Indonesia Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 46 Indonesia Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 47 Rest of Asia-Pacific Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 48 Rest of Asia-Pacific Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 49 List of Events to Be Held in Europe
Table 50 Europe Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 51 Europe Energy Recovery Ventilator Market, By Country, 2014–2021 (USD Million)
Table 52 Europe Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 53 Germany Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 54 Germany Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 55 France Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 56 France Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 57 U.K. Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 58 U.K. Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 59 Italy Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 60 Italy Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 61 Spain Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 62 Spain Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 63 Benelux Energy Recovery Ventilator Market, By Technology, 2013–2021 (USD Million)
Table 64 Benelux Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 65 Scandinavia Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 66 Scandinavia Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 67 Rest of Europe Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 68 Rest of Europe Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 69 List of Events Related to the ERV Technology to Be Held in North America
Table 70 North America Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 71 North America Energy Recovery Ventilator Market, By Country, 2013–2021 (USD Million)
Table 72 North America Energy Recovery Ventilator Market, By Application, 2013–2021 (USD Million)
Table 73 U.S. Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 74 U.S. Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 75 Canada Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 76 Canada Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 77 Mexico Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 78 Mexico Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 79 Middle East & Africa Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 80 Middle East & Africa Energy Recovery Ventilator Market, By Country, 2014–2021 (USD Million)
Table 81 Middle East & Africa Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 82 Saudi Arabia Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 83 Saudi Arabia Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 84 UAE Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 85 UAE Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 86 Egypt Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 87 Egypt Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 88 Rest of Middle East & Africa Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 89 Rest of Middle East & Africa Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 90 Latin America Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 91 Latin America Energy Recovery Ventilator Market, By Country, 2014–2021 (USD Million)
Table 92 Latin America Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 93 Brazil Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 94 Brazil Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 95 Argentina Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 96 Argentina Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 97 Rest of Latin America Energy Recovery Ventilator Market, By Technology, 2014–2021 (USD Million)
Table 98 Rest of Latin America Energy Recovery Ventilator Market, By Application, 2014–2021 (USD Million)
Table 99 New Product Developments, 2010-2016
Table 100 Mergers, 2015
Table 101 Acquisitions, 2015
Table 102 New Technology Launches, 2013


List of Figures (31 Figures)

Figure 1 Energy Recovery Ventilator Market: Market Segmentation
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Energy Recovery Ventilator Market: Data Triangulation
Figure 7 The Commercial Application Segment is Leading the Global Energy Recovery Ventilator Market
Figure 8 Plate Heat Exchange Segment Accounted for the Largest Share of the Global Energy Recovery Ventilator Market
Figure 9 North America Led the Global Energy Recovery Ventilator Market
Figure 10 The Global Energy Recovery Ventilator Market is Projected to Grow at A High CAGR During the Forecast Period
Figure 11 The North America Energy Recovery Ventilator Market is Projected to Register the Highest Growth Rate Between 2016 and 2021
Figure 12 U.S. to Command the Largest Share in the North America Energy Recovery Ventilator Market
Figure 13 The Plate Heat Exchange Segment is Expected to Grow at the Highest CAGR Between 2016 and 2021
Figure 14 The Commercial Application Segment is Expected to Register the Highest Growth Rate Between 2016 and 2021
Figure 15 Drivers, Restraints, Opportunities, & Threats in the Energy Recovery Ventilation Industry
Figure 16 Construction Industry Growth Rate, 2013
Figure 17 Global Energy Recovery Ventilator Market, By Technology, 2016 vs 2021 (USD Million)
Figure 18 Commercial Segment Dominates the Energy Recovery Ventilator Market
Figure 19 Regional Snapshot: Rapidly Growing Markets in the North American Region are Emerging as New Hotspots
Figure 20 Energy Recovery Ventilator Market in Europe and North America is Expected to Witness High Growth During the Forecast Period
Figure 21 Asia-Pacific Energy Recovery Ventilator Market Snapshot
Figure 22 Europe Energy Recovery Ventilator Market Snapshot
Figure 23 North America Energy Recovery Ventilator Market Snapshot
Figure 24 Middle East & Africa Energy Recovery Ventilator Market Snapshot
Figure 25 Latin America Energy Recovery Ventilator Market Snapshot
Figure 26 Companies Adopted New Product Developments, Mergers, and Acquisitions as Key Growth Strategies Between 2010 and 2016
Figure 27 New Product Developments Strategy Accounted for A Major Share of All Growth Strategies Adopted By Key Players Between 2013 and 2015
Figure 28 New Product Developments Accounted for A Major Share of All Growth Strategies Adopted By Key Players Between 2010 and 2016
Figure 29 Regional Revenue Mix of Market Players
Figure 30 Mitsubishi Electric Corporation, Ltd.: Company Snapshot
Figure 31 Nortek Inc.: Company Snapshot

The global energy recovery ventilator market is projected to reach USD 3.39 Billion by 2021, at a CAGR of 11.4% between 2016 and 2021. This growth is mainly attributed to the increasing demand of energy recovery ventilators from the end-use segments of commercial and residential ventilation. Increasing demand for fresh air and the need to reduce indoor pollutants drives the growth of this market. The rising demand for energy efficient housing projects and increase in construction activities in the developing nations of Europe and North America increases the demand for energy recovery ventilators in these regions.

Among all technologies, the plate heat exchangers segment is the fastest-growing technology segment in the market. Plate heat exchange not only maintains the temperature of a building but also provides efficient mechanism for heat transfer, which thereby reduces energy consumption and CO2 emission. This further drives the growth of the plate heat exchange segment in the energy recovery ventilator market. The demand is estimated to come primarily from the developing nations such as China, India, Brazil, and others.

Commercial segment is the largest application area for energy recovery ventilators. Increasing demand for improving the indoor air quality drives the demand of energy recovery ventilators in commercial buildings. Energy recovery ventilators provide energy efficiency, cost reduction, easy maintenance, and excellent indoor air quality.

North America is the fastest-growing market for energy recovery ventilators. Growing concerns towards energy saving and minimizing cost related to energy consumption drive the installation of ERV systems in this region. Various government regulations, such as Building Efficiency Standards of California and ANSI/ASHRAE/IESNA Standard 90.1, have supported the increasing adoption of energy recovery ventilators in commercial and residential buildings, which triggers the demand for energy recovery ventilators in this region.

Energy Recovery Ventilator Market

The lack of awareness regarding the benefits of energy recovery ventilator systems such as energy efficiency and environment-friendly features among the potential end users is one of the major factors restraining the global energy recovery ventilator market. With continuous developments in technology, it is very important to create awareness about the benefits of energy recovery ventilator systems among the users.

Mitsubishi Electric Corporation, Nortek Air Solutions, LLC, Munters Corporation, and Greenheck dominate the global energy recovery ventilators market. Most of the developments in the market are new product launches, which clearly indicate the need for constant product development in order to maintain or increase the market share. Suppliers depend heavily on their brand equity and have to promote consistently through advertising. Manufacturers constantly look to develop customer loyalty by providing good after sales services to their customers in this market. New product launches and mergers & acquisitions are some of the key strategies adopted by market players to achieve growth in the global energy recovery ventilator market.

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