Energy Recovery Ventilator Core Market

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

Report Code: CH 8113 Jun, 2022, by marketsandmarkets.com

[169 Pages Report] The global energy recovery ventilator core market is projected to grow from USD 947 million in 2022 to USD 1,360 million by 2027, at a CAGR of 7.5% during the forecast period. The energy recovery ventilator core 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.

Energy Recovery Ventilator Core Market

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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

Energy Recovery Ventilator Core Market by 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.

Energy Recovery Ventilator Core Market by Region

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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Scope of the Report

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

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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.

Energy Recovery Ventilator Core Market Size, and Share

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.

Energy Recovery Ventilator Core Market Size, and Share

Energy Recovery Ventilator Core Market Size, and Share

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)
Report Code
CH 8113
Published ON
Jun, 2022
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