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Energy Recovery Ventilator Market worth 3.39 Billion USD by 2021
The report "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", The global energy recovery ventilator (ERV) market is projected to reach USD 3.39 Billion by 2021, at a CAGR of 11.4% from 2016 to 2021. Increasing awareness regarding the benefits associated with the adoption of energy recovery ventilators, such as reduction in energy consumption, and rising demand for improving indoor air quality are factors driving the growth of the energy recovery ventilator market.
Browse 102 market data Tables and 31 Figures spread through 141 Pages and in-depth TOC on "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"
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Commercial segment is the fastest-growing application segment of the global energy recovery ventilator market
Commercial application is projected to be the fastest-growing application segment from 2016 to 2021. Key factors contributing to the growth of the commercial applications of energy recovery ventilators include rise in construction activities, government regulations, and increased awareness regarding energy-efficient ERV systems.
Plate heat exchange technology was the largest segment of the energy recovery ventilator market
Based on technology, the energy recovery ventilator market has been segmented into rotary heat exchange, plate heat exchange, heat pipe heat exchanger, and run-around coil. Plate heat exchange was the largest segment of the market in 2015. The growth of this segment is attributed to the ability of plate heat exchangers to recover over 80% of the available waste exhaust sensible heat.
North America was the largest market for global energy recovery ventilator market in 2015, globally
North America contributed the largest share to the global energy recovery ventilator market in 2015. A number of key trends, including the increasing demand for energy efficient devices and the consequent rise in the demand for ERV system in commercial and residential buildings as well as government regulations pertaining to the usage of energy efficient devices such as ERV are expected to fuel the demand for energy recovery ventilator systems in the region.
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