Energy Recovery Ventilator Core Market by Material Type (Engineered Resin, Fibrous Paper), Shape (Square, Diamond, Hexagon, Wheel), Flow Type (Counter-flow and Crossflow) and Region - Global Forecast to 2027
The global energy recovery ventilator core market was valued at USD 947 million in 2022 and is projected to reach USD 1,360 million by 2027, growing at a cagr 7.5% from 2022 to 2027. The market has grown considerably in recent years and is expected to grow at a higher rate in the coming years. Primary reasons for increasing demand of energy recovery ventilator cores are rising consumer awareness for indoor air quality, higher ventilation standards by regulatory bodies, and changing environmental conditions.
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COVID-19 Impact on the Global Energy Recovery Ventilator Core Market
The energy recovery ventilator core market was moderately affected by the COVID-19 pandemic. At the start of 2020 non-residential construction activities were halted as they were deemed to be non-essential in nature. A large workforce of HVAC-related manufacturing in countries like China were ordered to stay in quarantine. As a result, companies were not allowed to resume work, construction projects were halted, and HVAC related equipment installers were restricted to access work sites. The Building Services Research & Information Association (BSRIA) also conducted a survey to assess the COVID-19 impact on sales of HVAC-related products and buildings controls in 2020 and 2021. Respondents expected the sales to be negatively impact to in 2020. Similarly, HVAC Informed, surveyed a group of industry experts about the COVID-19 impact on the HVAC related industry. These experts agreed that overall a negative impact was felt across the industry. In 2020, medical facilities required clean and fresh air due to the propagation of the COVID-19 virus, and the demand for HVAC equipment increased substantially in 2020. However, disrupted supply chains created logistics problems for providers of HVAC related equipment.
Energy Recovery Ventilator Core Market Dynamics
Driver: Increased attention on indoor air quality
Residential, commercial, and industrial buildings always require fresh air. Indoor pollutants like carbon monoxide, volatile organic compounds (VOCs), formaldehyde, and radon, are harmful for human health, and high moisture content causes growth of unwanted pathogens and fungi. As a result, building owners have started demanding tighter, efficient, and mechanical ventilated solutions to deliver an adequate flow of fresh air. The COVID-19 pandemic also created increased awareness for indoor air quality with the CDC (Centers for Disease Control and Prevention) and ASHRAE (American Society of Heating, Refrigerating and Air-Conditioning Engineers) suggesting enhanced ventilation as a response to the virus.
Restraint: Noise and discomfort
Energy recovery ventilators and in that case energy recovery ventilator cores circulate air at a very fast speed. The downside of this is that energy recovery ventilator can become too noisy if these systems are placed closer to bedrooms or living rooms. Also, in cold climatic conditions where temperatures drop below freezing point energy recovery ventilator cores vent dry air. This condition is difficult to manage for residents as the dry air can be harmful for health and hence it becomes mandatory to also include a humidifier.
Opportunity: Increasing demand in new projects
In general, the load on HVAC systems increases as the inlet airflow is increased. In this case, energy recovery ventilators cores transfer heat and humidity from the outgoing air in order to pretreat incoming fresh air. This has caught the attention of construction companies, builders and infrastructure developers alike as energy recovery ventilator systems help in decreasing the load of the HVAC system by systematically carrying out heat and mass transfer.
Challenges: Frozen energy recovery ventilators cores
One of the primary problems associated with energy recovery ventilator cores is that the membranes can get clogged with ice in cold climatic conditions where the temperature frequently drops below zero. During such conditions, energy recovery ventilators cores bring cold outdoor air in contact with a stream of humid indoor air. If the humidity in the outgoing air is above a certain threshold, and the incoming cold air has sub-zero temperature then the moisture present in the exhaust air can turn into ice. Population residing in tundra regions such as the IECC climate zones 6 and higher recommend using only a heat recovery ventilator to avoid formation of ice on the energy recovery ventilator cores.
Energy Recovery Ventilator Core Market: Ecosystem
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Based on material type, the engineered resin segment is projected to grow at a significant CAGR during the forecast period.
The material type segment covers engineered resin, fibrous paper, and other materials such as metals. Engineered resins are specialized materials which are made of water vapor permeable membranes. These special membranes have multiple layers and also provide higher selectivity for water vapor over other gases. Engineered resin materials also prohibit air from crossing over to the other side of the energy recovery ventilator core and thus preventing cross contamination.
Based on flow type, the counter-flow segment is expected to grow significantly during the forecast period
Counter-flow energy recovery ventilator cores create opposing air flows between exhaust air and fresh air. Both these air flows are routed within the energy recovery ventilator core through different channels. This causes the efficient heat transfer between the exhaust air and inlet air. In practice, energy recovery ventilator cores with counter-flow arrangement have greater efficiencies than crossflow energy recovery ventilator cores.
Based on shape, the hexagon segment is projected to grow at a significant CAGR during the forecast period
In a hexagon shaped energy recovery ventilator core, the heat and mass transfer surface is built in such a way that housing causes exhaust airstream and inlet airstream to pass in opposite directions. As a result, hexagonal shaped energy recovery ventilator cores allow for more efficient energy recovery compared to other shapes. Industry experts also recommend a hexagonal shaped energy recovery ventilator core if the system needs to be setup for high air flows.
North America region is projected to grow at a significant CAGR during the forecast period
Residential and commercial buildings in North America consume a large part of energy for heating and cooling purposes. Moreover, countries of this region such as the US and Canada have colder climates as compared to other regions of the world. Hence, a demand for equipment which can heat and humidify the air simultaneously comes naturally. Countries of this region are also looking at green construction opportunities as they lead to sustainability and impact the environment in a negligible manner. All these factors, coupled with presence of numerous energy recovery ventilator manufacturers makes the North American region highly favourable for the growth of the energy recovery ventilator core market.
Key Market Players
CORE, Inc. (Germany), Greenheck Fan Corporation (US), Ruskin (US), Beijing Holtop Air Conditioning Co., Ltd. (China), Hoval (Liechtenstein), Innergy Tech, Inc. (Canada), Xiamen AIR-ERV Technology Co., Ltd. (China), Oji Container Co., Ltd. (Japan), Dais Corporation (US), Klingenburg USA, LLC (Germany), Karyer Group (Turkey), Recuperator (Turkey), Teasung Co., Ltd. (South Korea), ERI Corporation (Italy), and RenewAire LLC (US) are among the key players leading the market through their innovative offerings, enhanced production capacities, and efficient distribution channels.
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Report Metric |
Details |
|
Market Size Available for Years |
2019,2020,2021,2022 and 2027 |
|
Base Year Considered |
2021 |
|
Forecast Period |
2022–2027 |
|
Forecast Units |
Value (USD Million) |
|
Segments Covered |
By Material, Shape , Flow Type and Region. |
|
Geographies Covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
|
Companies Covered |
The major market players include CORE, Inc. (Germany), Greenheck Fan Corporation (US), Ruskin (US), Beijing Holtop Air Conditioning Co., Ltd. (China), Hoval (Liechtenstein), Innergy Tech, Inc. (Canada), Xiamen AIR-ERV Technology Co., Ltd (China), Oji Container Co., Ltd (Japan), Dais Corporation (US), Klingenburg USA, LLC (Germany), Karyer Group (Turkey), Recuperator (Turkey), Teasung Co., Ltd. (South Korea), ERI Corporation (Italy), RenewAire LLC (US). |
This research report categorizes the Energy Recovery Ventilator Core Market based on material, shape , flow type and region.
Based on Material, the energy recovery ventilator core market has been segmented as follows:
- Engineered Resin
- Fibrous Paper
- Others
Based on Shape, the energy recovery ventilator core market has been segmented as follows:
- Square
- Diamond
- Hexagon
- Wheel
Based on flow type, the energy recovery ventilator core market has been segmented as follows:
- Crossflow
- Counter-flow
Based on regions, the energy recovery ventilator core market has been segmented as follows:
- Asia Pacific
- North America
- Europe
- Middle East & Africa
- South America
Recent Developments
- In March 2022, Greenheck Fan Corporation launched a new residential energy recovery ventilator for multi-family residential buildings. The company introduced four models with a variety of options and accessories. All these newly launched models have a Home Ventilating Institute (HVI) certified airflow.
- In March 2021, Innergy Tech, Inc. launched a new energy recovery wheel named as i4 Energy Recovery Wheel. This energy recovery ventilator core has a patented sealing technology and can be used for new air handling units and can also be retrofitted into existing systems.
- In December 2021, Greenheck Fan Corporation acquired a company named Metal Industries. This acquisition has allowed Greenheck Fan Corporation to expand its product portfolio in air terminal units, diffusers, and other products such as energy recovery ventilators.
Key Questions Addressed by the Report
What is an energy recovery ventilator core?
An energy recovery ventilator (ERV) core is a mechanical equipment which acts as a heat exchanger in the ventilation system. The core is responsible for pre-heating outside air in the winter and pre-cooling outside air in the summer.
What are different types of materials from which the energy recovery ventilator core is fabricated?
Energy recovery ventilator cores are primarily made from metals such as aluminum, stainless steel and plastics such as acrylonitrile butadiene styrene (ABS).
Which are the key companies operating in the global energy recovery ventilator core market?
CORE, Inc. (Germany), Greenheck Fan Corporation (US), Ruskin (US), Beijing Holtop Air Conditioning Co., Ltd. (China), Hoval (Liechtenstein), Innergy Tech, Inc. (Canada), Xiamen AIR-ERV Technology Co., Ltd. (China), Oji Container Co., Ltd. (Japan), Dais Corporation (US) are some of the companies operating in the energy recovery ventilator core market.
What are the key strategies adopted by the market players?
The companies involved in the energy recovery ventilator core market have focused on new product launches and partnerships as their key strategies to increase their geographical reach and business revenue.
What is the COVID-19 impact on energy recovery ventilator core market?
COVID-19 outbreak had a moderate impact on the global demand for energy recovery ventilator cores. Logistic disruptions, closures of manufacturing plants and shutdown of construction activities affected this market in 2020.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 23)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
TABLE 1 ENERGY RECOVERY VENTILATOR CORE MARKET, BY MATERIAL TYPE: INCLUSIONS & EXCLUSIONS
TABLE 2 ENERGY RECOVERY VENTILATOR CORE MARKET, BY SHAPE: INCLUSIONS & EXCLUSIONS
TABLE 3 ENERGY RECOVERY VENTILATOR CORE MARKET, BY FLOW TYPE: INCLUSIONS & EXCLUSIONS
TABLE 4 ENERGY RECOVERY VENTILATOR CORE MARKET, BY REGION: INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 ENERGY RECOVERY VENTILATOR CORE MARKET SEGMENTATION
FIGURE 2 ENERGY RECOVERY VENTILATOR CORE MARKET: REGIONS COVERED
1.5 YEARS CONSIDERED FOR THE STUDY
1.6 CURRENCY
1.7 LIMITATIONS
1.8 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 29)
2.1 RESEARCH DATA
FIGURE 3 ENERGY RECOVERY VENTILATOR CORE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 List of participating companies for primary research
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
2.3 BASE NUMBER CALCULATION
FIGURE 6 MARKET SIZE ESTIMATION (DEMAND SIDE): ENERGY RECOVERY VENTILATOR CORE MARKET
2.4 DATA TRIANGULATION
2.5 ASSUMPTIONS
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY (Page No. - 37)
TABLE 5 ENERGY RECOVERY VENTILATOR CORE MARKET SNAPSHOT, 2022 VS. 2027
FIGURE 7 ENGINEERED RESIN ACCOUNTED FOR LARGEST SHARE OF ENERGY RECOVERY VENTILATOR CORE MARKET IN 2021
FIGURE 8 CROSSFLOW SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2021
FIGURE 9 HEXAGON SHAPE SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2021
FIGURE 10 NORTH AMERICA AND EUROPE TO LEAD ENERGY RECOVERY VENTILATOR CORE MARKET
4 PREMIUM INSIGHTS (Page No. - 42)
4.1 ATTRACTIVE OPPORTUNITIES IN ENERGY RECOVERY VENTILATOR CORE MARKET
FIGURE 11 RISING DEMAND FOR HEALTHY INDOOR AIR QUALITY AND ENERGY-EFFICIENT BUILDINGS TO DRIVE ENERGY RECOVERY VENTILATOR CORE MARKET
4.2 ENERGY RECOVERY VENTILATOR CORE MARKET, BY REGION
FIGURE 12 MARKET IN NORTH AMERICA TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
4.3 NORTH AMERICA: ENERGY RECOVERY VENTILATOR CORE MARKET, BY MATERIAL TYPE AND COUNTRY
FIGURE 13 ENGINEERED RESIN SEGMENT AND THE US TO DOMINATE NORTH AMERICAN ENERGY RECOVERY VENTILATOR CORE MARKET IN 2022
4.4 ENERGY RECOVERY VENTILATOR CORE MARKET, BY MAJOR COUNTRIES
FIGURE 14 ENERGY RECOVERY VENTILATOR CORE IN THE US TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 44)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN ENERGY RECOVERY VENTILATOR CORE MARKET
5.2.1 DRIVERS
5.2.1.1 Increased attention to indoor air quality
FIGURE 16 INDOOR AIR QUALITY IMPROVEMENT AFTER ENERGY RECOVERY VENTILATOR INSTALLATION
5.2.1.2 Climatic changes and environmental concerns
FIGURE 17 TEMPERATURE CHANGES IN EACH DECADE RELATIVE TO TWENTIETH CENTURY AVERAGE
5.2.2 RESTRAINTS
5.2.2.1 Noise and discomfort
5.2.2.2 High initial and installation cost
TABLE 6 ENERGY RECOVERY VENTILATORS: COST BREAKDOWN
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing demand in new residential and commercial projects
FIGURE 18 DEVELOPING COUNTRIES LIKE CHINA, INDIA, AND INDONESIA TO LEAD GLOBAL CONSTRUCTION OUTPUT
5.2.4 CHALLENGES
5.2.4.1 Frozen energy recovery ventilator cores
5.2.4.2 Challenges involved in retrofitting existing buildings with energy recovery ventilators
5.3 PORTER'S FIVE FORCES ANALYSIS
FIGURE 19 PORTER'S FIVE FORCES ANALYSIS: ENERGY RECOVERY VENTILATOR CORE MARKET
TABLE 7 ENERGY RECOVERY VENTILATOR CORE MARKET: PORTER'S FIVE FORCES ANALYSIS
5.3.1 BARGAINING POWER OF SUPPLIERS
5.3.2 BARGAINING POWER OF BUYERS
5.3.3 THREAT OF SUBSTITUTES
5.3.4 THREAT OF NEW ENTRANTS
5.3.5 DEGREE OF COMPETITION
5.4 KEY STAKEHOLDERS & BUYING CRITERIA
5.4.1 KEY STAKEHOLDERS
TABLE 8 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS (%)
5.4.2 BUYING CRITERIA
TABLE 9 KEY BUYING CRITERIA
6 INDUSTRY TRENDS (Page No. - 54)
6.1 VALUE CHAIN ANALYSIS
FIGURE 20 VALUE CHAIN ANALYSIS: HIGHEST VALUE ADDED DURING MANUFACTURING PHASE
6.2 ECOSYSTEM FOR ENERGY RECOVERY VENTILATOR CORE MARKET
FIGURE 21 ECOSYSTEM MAP OF ENERGY RECOVERY VENTILATOR CORE MARKET
TABLE 10 ENERGY RECOVERY VENTILATOR CORE MARKET: ECOSYSTEM
6.3 TRENDS/DISRUPTION IMPACT
FIGURE 22 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR ENERGY RECOVERY VENTILATOR CORE MARKET
6.4 CASE STUDY ANALYSIS
6.4.1 HEAT RECOVERY SYSTEM FOR FLEXIBLE HVAC APPLICATION
6.4.1.1 Objective
6.4.1.2 Solution statement
6.4.2 HEAT RECOVERY VENTILATION FOR ENERGY-EFFICIENT BUILDINGS
6.4.2.1 Objective
6.4.2.2 Solution statement
6.4.3 REPLACEMENT OF ROOFTOP UNITS IN SCHOOL
6.4.3.1 Objective
6.4.3.2 Solution statement
6.5 TECHNOLOGY ANALYSIS
6.5.1 SORBENT VENTILATION TECHNOLOGY
6.5.2 ENERGY RECOVERY VENTILATOR SULFONATED BLOCK COPOLYMER MEMBRANE
6.5.3 TECHNOLOGY ANALYSIS OF DIFFERENT ENERGY RECOVERY VENTILATOR CORE HEAT EXCHANGERS
6.6 AVERAGE SELLING PRICE ANALYSIS
FIGURE 23 AVERAGE SELLING PRICE OF ENERGY RECOVERY VENTILATOR CORES (2021)
6.7 PATENT ANALYSIS
6.7.1 METHODOLOGY
6.7.2 PATENT PUBLICATION TRENDS
FIGURE 24 NUMBER OF PATENTS YEAR-WISE DURING LAST TEN YEARS
6.7.3 INSIGHT
6.7.4 JURISDICTION ANALYSIS
FIGURE 25 CHINA ACCOUNTED FOR THE HIGHEST NUMBER OF PATENTS
6.7.5 TOP COMPANIES/APPLICANTS
FIGURE 26 TOP TEN COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
6.7.5.1 List of major patents
6.8 KEY CONFERENCES & EVENTS IN 2021–2022
TABLE 11 ENERGY RECOVERY VENTILATOR CORE MARKET: DETAILED LIST OF CONFERENCES & EVENTS
6.9 REGULATORY LANDSCAPE
6.9.1 UL RELATIVE FLAMMABILITY TESTS FOR PLASTIC MATERIALS
6.9.2 UL SELF-EXTINGUISHING FLAMMABILITY TEST FOR VERTICALLY ORIENTED PLASTIC MATERIALS
6.9.3 UL SELF-EXTINGUISHING FLAMMABILITY TEST FOR VERTICALLY ORIENTED THIN PLASTIC MATERIAL
6.9.4 UL FLAMMABILITY TEST FOR HORIZONTALLY ORIENTED PLASTIC MATERIAL
6.9.5 UL FLAMMABILITY TEST FOR HORIZONTALLY ORIENTED FOAMED MATERIAL
6.9.6 AHRI 1060 STANDARD FOR ENERGY RECOVERY VENTILATION EQUIPMENT
6.9.7 ASHRAE STANDARDS FOR ENERGY RECOVERY VENTILATORS
6.9.8 EUROPE: VENTILATION STANDARDS
6.10 COVID-19 ANALYSIS
6.10.1 COVID-19 HEALTH ASSESSMENT
FIGURE 27 ECONOMIC OUTPUT OF DIFFERENT COUNTRIES, 2020 VS. 2021
6.10.2 IMPACT OF COVID-19 ON ENERGY RECOVERY VENTILATOR CORE MARKET
6.11 PARTNERSHIPS & AGREEMENTS BETWEEN ENERGY RECOVERY VENTILATOR CORE AND ENERGY RECOVERY VENTILATOR SYSTEM MANUFACTURERS
6.11.1 ENERGY RECOVERY VENTILATOR CORE AND ENERGY RECOVERY VENTILATOR SYSTEM MANUFACTURERS DEALS
7 ENERGY RECOVERY VENTILATOR CORE MARKET, BY MATERIAL TYPE (Page No. - 74)
7.1 INTRODUCTION
FIGURE 28 ENGINEERED RESIN SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD
TABLE 12 ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
7.1.1 ENGINEERED RESIN
7.1.1.1 Largest market share in the material type segment
TABLE 13 ENGINEERED RESIN ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY REGION, 2019–2027 (USD MILLION)
7.1.2 FIBROUS PAPER
7.1.2.1 Cellulose films and cellulose fiber are widely used in manufacturing of energy recovery ventilator cores
TABLE 14 FIBROUS PAPER ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY REGION, 2019–2027 (USD MILLION)
7.1.3 OTHERS
TABLE 15 OTHER MATERIALS ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY REGION, 2019–2027 (USD MILLION)
8 ENERGY RECOVERY VENTILATOR CORE MARKET, BY FLOW TYPE (Page No. - 78)
8.1 INTRODUCTION
FIGURE 29 CROSSFLOW ENERGY RECOVERY VENTILATOR CORES ACCOUNT FOR HIGHER SHARE DUE TO EASE OF INSTALLATION
TABLE 16 ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY FLOW TYPE, 2019–2027 (USD MILLION)
8.2 CROSSFLOW
8.2.1 CROSSFLOW ENERGY RECOVERY VENTILATOR CORES ARE FLEXIBLE TO FIT ALL PROJECT REQUIREMENTS
TABLE 17 CROSSFLOW ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY REGION, 2019–2027 (USD MILLION)
8.3 COUNTER-FLOW
8.3.1 COUNTER-FLOW ENERGY RECOVERY VENTILATOR CORE CAN ACHIEVE EFFICIENCY OF UP TO 90%
TABLE 18 COUNTER-FLOW ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY REGION, 2019–2027 (USD MILLION)
9 ENERGY RECOVERY VENTILATOR CORE MARKET, BY SHAPE (Page No. - 82)
9.1 INTRODUCTION
FIGURE 30 HEXAGON-SHAPED ENERGY RECOVERY VENTILATOR CORES TO ACCOUNT FOR LARGEST MARKET SIZE
TABLE 19 ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY SHAPE, 2019–2027 (USD MILLION)
9.2 SQUARE
9.2.1 IT IS GENERALLY USED IN APPLICATIONS REQUIRING LOW MAINTENANCE
TABLE 20 SQUARE-SHAPED ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY REGION, 2019–2027 (USD MILLION)
9.3 DIAMOND
9.3.1 IT CAN BE COMBINED INTO DIFFERENT CONFIGURATIONS
TABLE 21 DIAMOND-SHAPED ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY REGION, 2019–2027 (USD MILLION)
9.4 HEXAGON
9.4.1 HEXAGON CORES PROVIDE HIGH EFFICIENCY IN HEAT & MASS TRANSFER
TABLE 22 HEXAGON-SHAPED ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY REGION, 2019–2027 (USD MILLION)
9.5 WHEEL
9.5.1 WHEEL CAN GIVE ENERGY TRANSFER EFFICIENCY UP TO 80%
TABLE 23 WHEEL-SHAPED ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY REGION, 2019–2027 (USD MILLION)
10 ENERGY RECOVERY VENTILATOR CORE MARKET, BY REGION (Page No. - 87)
10.1 INTRODUCTION
FIGURE 31 REGIONAL SNAPSHOT: NORTH AMERICA IS LARGEST MARKET FOR ENERGY RECOVERY VENTILATOR CORE
TABLE 24 ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY REGION, 2019–2027 (USD MILLION)
10.2 ASIA PACIFIC
FIGURE 32 ASIA PACIFIC: ENERGY RECOVERY VENTILATOR CORE MARKET SNAPSHOT
TABLE 25 ASIA PACIFIC: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY COUNTRY, 2019–2027 (USD MILLION)
TABLE 26 ASIA PACIFIC: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
TABLE 27 ASIA PACIFIC: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY FLOW TYPE, 2019–2027 (USD MILLION)
TABLE 28 ASIA PACIFIC: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY SHAPE, 2019–2027 (USD MILLION)
10.2.1 CHINA
10.2.1.1 Largest market for energy recovery ventilator cores
TABLE 29 CHINA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.2.2 SOUTH KOREA
10.2.2.1 Rising temperature driving demand for efficient HVAC systems
TABLE 30 SOUTH KOREA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.2.3 JAPAN
10.2.3.1 Rising market opportunities for ventilation companies
TABLE 31 JAPAN: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.2.4 INDIA
10.2.4.1 Growing demand for HVAC systems to create opportunities
TABLE 32 INDIA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.2.5 MALAYSIA
10.2.5.1 Growing data center sector fueling demand in Malaysia
TABLE 33 MALAYSIA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.2.6 SINGAPORE
10.2.6.1 Implementation of regulations for improving indoor air quality in Singapore
TABLE 34 SINGAPORE: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.2.7 REST OF ASIA PACIFIC
TABLE 35 REST OF ASIA PACIFIC: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.3 NORTH AMERICA
FIGURE 33 NORTH AMERICA: ENERGY RECOVERY VENTILATOR CORE MARKET SNAPSHOT
TABLE 36 NORTH AMERICA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY COUNTRY TYPE, 2019–2027 (USD MILLION)
TABLE 37 NORTH AMERICA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
TABLE 38 NORTH AMERICA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY FLOW TYPE, 2019–2027 (USD MILLION)
TABLE 39 NORTH AMERICA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY SHAPE, 2019–2027 (USD MILLION)
10.3.1 US
10.3.1.1 US is largest market for energy recovery ventilator cores
TABLE 40 US: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.3.2 CANADA
10.3.2.1 Government initiatives to boost energy recovery ventilator core market
TABLE 41 CANADA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.3.3 MEXICO
10.3.3.1 Growing construction industry and focus on LEED-certified buildings to contribute to market growth
TABLE 42 MEXICO: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.4 EUROPE
FIGURE 34 EUROPE: ENERGY RECOVERY VENTILATOR CORE MARKET SNAPSHOT
TABLE 43 EUROPE: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY COUNTRY, 2019–2027 (USD MILLION)
TABLE 44 EUROPE: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
TABLE 45 EUROPE: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY FLOW TYPE, 2019–2027 (USD MILLION)
TABLE 46 EUROPE: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY SHAPE, 2019–2027 (USD MILLION)
10.4.1 GERMANY
10.4.1.1 Germany is largest market for energy recovery ventilator core in Europe
TABLE 47 GERMANY: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.4.2 UK
10.4.2.1 Government initiatives to drive market for energy recovery ventilators core
TABLE 48 UK: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.4.3 FRANCE
10.4.3.1 Increasing construction projects creating demand for energy recovery ventilator core
TABLE 49 FRANCE: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.4.4 ITALY
10.4.4.1 Industrial activities to increase demand for energy recovery ventilator cores
TABLE 50 ITALY: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.4.5 SPAIN
10.4.5.1 Manufacturing industries to spur market growth
TABLE 51 SPAIN: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.4.6 REST OF EUROPE
TABLE 52 REST OF EUROPE: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.5 MIDDLE EAST & AFRICA
TABLE 53 MIDDLE EAST & AFRICA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY COUNTRY, 2019–2027 (USD MILLION)
TABLE 54 MIDDLE EAST & AFRICA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
TABLE 55 MIDDLE EAST & AFRICA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY FLOW TYPE, 2019–2027 (USD MILLION)
TABLE 56 MIDDLE EAST & AFRICA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY SHAPE, 2019–2027 (USD MILLION)
10.5.1 UAE
10.5.1.1 Construction sector to drive market growth
TABLE 57 UAE: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.5.2 SAUDI ARABIA
10.5.2.1 Oil & gas industry to boost market for ERV core
TABLE 58 SAUDI ARABIA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.5.3 SOUTH AFRICA
10.5.3.1 HVAC industry to boost market for energy recovery ventilator cores
TABLE 59 SOUTH AFRICA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.5.4 REST OF MIDDLE EAST & AFRICA
TABLE 60 REST OF MIDDLE EAST & AFRICA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.6 SOUTH AMERICA
TABLE 61 SOUTH AMERICA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY COUNTRY, 2019–2027 (USD MILLION)
TABLE 62 SOUTH AMERICA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
TABLE 63 SOUTH AMERICA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY FLOW TYPE, 2019–2027 (USD MILLION)
TABLE 64 SOUTH AMERICA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY SHAPE, 2019–2027 (USD MILLION)
10.6.1 BRAZIL
10.6.1.1 Changing climatic conditions to increase demand for energy recovery ventilator cores
TABLE 65 BRAZIL: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.6.2 ARGENTINA
10.6.2.1 Growth in food & beverage industry to create opportunity in energy recovery ventilator core market
TABLE 66 ARGENTINA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
10.6.3 REST OF SOUTH AMERICA
TABLE 67 REST OF SOUTH AMERICA: ENERGY RECOVERY VENTILATOR CORE MARKET SIZE, BY MATERIAL TYPE, 2019–2027 (USD MILLION)
11 COMPETITIVE LANDSCAPE (Page No. - 116)
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES
TABLE 68 OVERVIEW OF STRATEGIES ADOPTED BY ENERGY RECOVERY VENTILATOR CORE MANUFACTURERS
11.3 MARKET SHARE ANALYSIS: ENERGY RECOVERY VENTILATOR CORE
FIGURE 35 ENERGY RECOVERY VENTILATOR CORE MARKET SHARE, 2021
11.4 COMPETITIVE BENCHMARKING
11.4.1 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 36 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN ENERGY RECOVERY VENTILATOR CORE MARKET
11.4.2 BUSINESS STRATEGY EXCELLENCE
FIGURE 37 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN ENERGY RECOVERY VENTILATOR CORE MARKET
TABLE 69 COMPANY FOOTPRINT, BY SHAPE TYPE
TABLE 70 COMPANY FOOTPRINT, BY FLOW TYPE
TABLE 71 COMPANY REGIONAL FOOTPRINT
11.5 COMPETITIVE LANDSCAPE MAPPING
11.5.1 STAR
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE
11.5.4 PARTICIPANTS
FIGURE 38 ENERGY RECOVERY VENTILATOR CORE MARKET: COMPETITIVE LANDSCAPE MAPPING
11.6 SME MATRIX
11.6.1 PROGRESSIVE COMPANIES
11.6.2 DYNAMIC COMPANIES
11.6.3 RESPONSIVE COMPANIES
11.6.4 STARTING BLOCKS
FIGURE 39 ENERGY RECOVERY VENTILATOR CORE MARKET: COMPETITIVE LEADERSHIP MAPPING OF EMERGING COMPANIES
11.7 KEY STARTUPS/SMES
TABLE 72 ENERGY RECOVERY VENTILATOR CORE MARKET: DETAILED LIST OF KEY STARTUP/SMES
TABLE 73 ENERGY RECOVERY VENTILATOR CORE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES
11.8 COMPETITIVE SCENARIO AND TRENDS
TABLE 74 ENERGY RECOVERY VENTILATOR CORE MARKET: NEW PRODUCT LAUNCHES, 2016–2022
TABLE 75 ENERGY RECOVERY VENTILATOR CORE MARKET: DEALS, 2016–2022
12 COMPANY PROFILES (Page No. - 132)
12.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, Deals, MnM view, right to win)*
12.1.1 CORE, INC.
TABLE 76 CORE, INC.: COMPANY OVERVIEW
12.1.2 GREENHECK FAN CORPORATION
TABLE 77 GREENHECK FAN CORPORATION: COMPANY OVERVIEW
12.1.3 RUSKIN
TABLE 78 RUSKIN: COMPANY OVERVIEW
12.1.4 BEIJING HOLTOP AIR CONDITIONING CO., LTD.
TABLE 79 BEIJING HOLTOP AIR CONDITIONING CO., LTD.: COMPANY OVERVIEW
12.1.5 HOVAL
TABLE 80 HOVAL: COMPANY OVERVIEW
12.1.6 DAIS CORPORATION
TABLE 81 DAIS CORPORATION: COMPANY OVERVIEW
FIGURE 40 DAIS CORPORATION: COMPANY SNAPSHOT
12.1.7 INNERGY TECH, INC.
TABLE 82 INNERGY TECH, INC.: COMPANY OVERVIEW
12.1.8 XIAMEN AIR-ERV TECHNOLOGY CO., LTD.
TABLE 83 XIAMEN AIR-ERV TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
12.1.9 OJI CONTAINER CO., LTD.
TABLE 84 OJI CONTAINER CO., LTD.: COMPANY OVERVIEW
12.1.10 KLINGENBERG GMBH
TABLE 85 KLINGENBERG USA, LLC: COMPANY OVERVIEW
12.1.11 KARYER GROUP
TABLE 86 KARYER GROUP: COMPANY OVERVIEW
12.1.12 RECUPERATOR
TABLE 87 RECUPERATOR: COMPANY OVERVIEW
12.1.13 TEASUNG CO., LTD.
TABLE 88 TEASUNG CO. LTD.: COMPANY OVERVIEW
12.1.14 ERI CORPORATION
TABLE 89 ERI CORPORATION: COMPANY OVERVIEW
12.1.15 RENEWAIRE, LLC
TABLE 90 RENEWAIRE: COMPANY OVERVIEW
12.2 OTHER COMPANIES
12.2.1 CLEAN AIR NANO TECH CO., LTD.
TABLE 91 CLEAN AIR NANO TECH CO., LTD.: COMPANY OVERVIEW
12.2.2 ZHEJIANG KODISEN ENVIRONMENTAL EQUIPMENT TECHNOLOGY CO., LTD.
TABLE 92 ZHEJIANG KODISEN ENVIRONMENTAL EQUIPMENT TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
12.2.3 GAON TECH
TABLE 93 GAON TECH: COMPANY OVERVIEW
12.2.4 ZERN ENGINEERING
TABLE 94 ZERN ENGINEERING: COMPANY OVERVIEW
12.2.5 POLYBLOC AG
TABLE 95 POLYBLOC AG: COMPANY OVERVIEW
12.2.6 HOLMAK
TABLE 96 HOLMAK: COMPANY OVERVIEW
12.2.7 SHANGHAI VENTTECH REFRIGERATION EQUIPMENT CO., LTD.
TABLE 97 SHANGHAI VENTTECH REFRIGERATION EQUIPMENT CO., LTD.: COMPANY OVERVIEW
12.2.8 SHANGHAI SHENGLIN M&E TECHNOLOGY CO., LTD.
TABLE 98 SHANGHAI SHENGLIN M&E TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
12.2.9 NANTONG DELI PURIFICATION EQUIPMENT FACTORY CO., LTD.
TABLE 99 NANTONG DELI PURIFICATION EQUIPMENT FACTORY CO., LTD.: COMPANY OVERVIEW
12.2.10 HANGZHOU TOPLIFE ENERGY RESOURCE TECHNOLOGY CO., LTD.
TABLE 100 HANGZHOU TOPLIFE ENERGY RESOURCE TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
12.2.11 DONGGUAN HOUJIE ZHENGFENG HARDWARE FACTORY
TABLE 101 DONGGUAN HOUJIE ZHENGFENG HARDWARE FACTORY: COMPANY OVERVIEW
12.2.12 FIELD CONTROLS LLC
TABLE 102 FIELD CONTROLS LLC: COMPANY OVERVIEW
12.2.13 ZHONGSHAN FORTUNE-WAY ENVIRONMENTAL TECHNOLOGY CO., LTD.
TABLE 103 ZHONGSHAN FORTUNE-WAY ENVIRONMENTAL TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, Deals, MnM view, right to win, right to win might not be captured in case of unlisted companies.
13 APPENDIX (Page No. - 163)
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the energy recovery ventilator core market. Exhaustive secondary research was done to collect information on the market, peer markets, and parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the energy recovery ventilator core value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this study include Hoovers, Bloomberg, BusinessWeek, and Dun & Bradstreet, were referred for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles by recognized authors, authenticated directories, and databases. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.
Primary Research
The energy recovery ventilator core market comprises several stakeholders, such as raw material suppliers, manufacturers, raw material manufacturers, distributors, traders, suppliers, institutions, contract manufacturing organizations, and regulatory organizations in the supply chain.
As part of the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the energy recovery ventilator core market. Primary sources from the supply side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, and related key executives from various key companies and organizations operating in the energy recovery ventilator core market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various end-use industries.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the energy recovery ventilator core market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size included the following:
- The key players were identified through extensive primary and secondary research.
- The value chain and market size of the energy recovery ventilator core market, in terms of value, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.
Data Triangulation
After arriving at the overall market size*using the market size estimation processes as explained above-the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition to this, the market size was validated using both top-down and bottom-up approaches.
Report Objectives
- To define, describe, and forecast the size of the energy recovery ventilator core market based on on material, shape, flow type and region.
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing market growth.
- To forecast the size of the various segments of the energy recovery ventilator core market based on five regions—North America, Asia Pacific, Europe, South America, and the Middle East & Africa—along with key countries in each of these regions.
- To analyze the opportunities in the market for stakeholders and present a competitive landscape for the market leaders.
- To analyze recent developments, such as expansions, agreements, new product developments , partnerships, acquisitions and collaboration in the energy recovery ventilator core market.
- To strategically profile the key players in the market and comprehensively analyze their core competencies.
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- A further breakdown of product portfolio of each company in the energy recovery ventilator core market
- A further breakdown of a region of the energy recovery ventilator core market with respect to a particular country
- Details and profiling of additional market players (up to five)
Generating Response ...
Growth opportunities and latent adjacency in Energy Recovery Ventilator Core Market