HOME Top Market Reports Energy Recovery Ventilator Market by Technology Type (Plate Heat Exchanger, Heat Pipe Heat Exchanger, Rotary Heat Exchanger, Run-Around Coil), Application (Commercial, Residential), and Region (NA, EU, APAC, MEA, SA) - Global Forecast to 2022

Energy Recovery Ventilator Market by Technology Type (Plate Heat Exchanger, Heat Pipe Heat Exchanger, Rotary Heat Exchanger, Run-Around Coil), Application (Commercial, Residential), and Region (NA, EU, APAC, MEA, SA) - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: December 2017
Report Code: CH 4461

 

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The energy recovery ventilator market is projected to grow from USD 1.76 Billion in 2016 to USD 3.37 Billion by 2022, at a CAGR of 11.4% from 2017 to 2022.

The objectives of this study are:

  • To define, describe, and forecast the energy recovery ventilator market based on technology type, application, and region in terms of value
  • To forecast the size of the energy recovery ventilator market in terms of value for five key regions namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America, along with their respective key countries
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the energy recovery ventilator market
  • To analyze opportunities in the energy recovery ventilator market for the stakeholders and provide a competitive landscape for the market
  • To strategically profile the key players operating in the energy recovery ventilator market and comprehensively analyze their core competencies
  • To analyze competitive developments such as expansions, new product launches, and mergers & acquisitions adopted by the leading players in the energy recovery ventilator market

The years that have been considered for the study are as follows:

  • Base Year – 2016
  • Estimated Year – 2017
  • Projected Year – 2022
  • Forecast Period – 2017 to 2022
  • For the company profiles in the report, 2016 has been considered the base year. In certain cases, wherein information is unavailable for the base year, the years prior to it have been considered.

Research Methodology

The research methodology that has been used to estimate and forecast the size of the energy recovery ventilator market begins with capturing data from the revenues of key vendors. This data has been obtained from various secondary sources such as Hoovers, Bloomberg, Factiva, and various other government and private websites. The offerings of vendors have been taken into consideration to determine the segmentation of the energy recovery ventilator market. After arriving at the overall market size, it has been split into several segments and subsegments, which have been later verified through primary research by conducting extensive interviews with key personnel such as chief executive officers, vice presidents, directors, and executives of the leading companies operating in the energy recovery ventilator market. Data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the energy recovery ventilator market. The breakdown of profiles of primaries has been 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 market has a diversified ecosystem of upstream players, which includes raw material suppliers, along with downstream stakeholders, vendors of energy recovery ventilators, end users, and government organizations. Mitsubishi Electric Corporation (Japan), Daikin (Japan), Panasonic Corporation (Japan), LG Electronics (South Korea), Johnson Controls (US), Munters (Sweden), FUJITSU GENERAL (Japan), Carrier Corporation (US), Nortek Air Solutions (US), and Greenheck Fan (US) are the key players operating in the energy recovery ventilator market.

Target Audience

  • Manufacturers, Dealers, and Suppliers of Energy Recovery Ventilators
  • Government Bodies
  • End-use Industries
  • Industry Associations
  • Investment Banks
  • Consulting Companies/Consultants in the Construction and Ventilation Sectors

“This study answers several questions for the stakeholders, primarily the market segments that they need to focus upon during the next two to five years, so that they can prioritize their efforts and investments accordingly.”

Scope of the Report: This research report categorizes the energy recovery ventilator market based on technology type, application, and region. It forecasts revenues as well as analyzes trends in each of the following submarkets.

Energy Recovery Ventilator Market, by Technology Type:

  • Plate Heat Exchanger
  • Heat Pipe Heat Exchanger
  • Rotary Heat Exchanger
  • Run-Around Coil
  • Others (Thermosiphon and Twin Tower)

Energy Recovery Ventilator Market, by Application:

  • Commercial
  • Residential
  • Others (Warehouses, Distribution Centers, and Industrial Space (Factories and Production Facilities)

Energy Recovery Ventilator Market, by Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

The following customization options are available for the report:

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

  • Further breakdown of the Rest of Asia Pacific, Rest of Europe, and Rest of Middle East & Africa energy recovery ventilator market
  • Detailed analysis and profiling of the additional market players (up to five)
  • Further breakdown of the technology type segment of the energy recovery ventilator market based on application

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           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 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Opportunities in the Energy Recovery Ventilator Market
    4.2 Energy Recovery Ventilator Market, By Technology Type
    4.3 Energy Recovery Ventilator Market, By Application
    4.4 Energy Recovery Ventilator Market, By Region

5 Market Overview (Page No. - 30)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Need to Reduce Energy Consumption in Residential and Commercial Buildings
                    5.2.1.2 Increasing Number of Green Buildings Across the Globe
                    5.2.1.3 Growing Importance of Indoor Air Quality
           5.2.2 Restraints
                    5.2.2.1 Lack of Awareness About the Benefits Offered By Energy Recovery Ventilators
                    5.2.2.2 High Cost Involved in the Purchase, Installation, and Maintenance of Energy Recovery Ventilators
           5.2.3 Opportunities
                    5.2.3.1 Innovations in Energy Recovery Ventilators
           5.2.4 Challenges
                    5.2.4.1 Complexities Involved in Retrofitting Existing Buildings With New and Advanced Energy Recovery Ventilators
    5.3 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 Intensity of Competitive Rivalry

6 Energy Recovery Ventilator Market, By Technology Type (Page No. - 39)
    6.1 Introduction
    6.2 Plate Heat Exchanger
    6.3 Heat Pipe Heat Exchanger
    6.4 Rotary Heat Exchanger
    6.5 Run-Around Coil
    6.6 Others

7 Energy Recovery Ventilator Market, By Application (Page No. - 47)
    7.1 Introduction
    7.2 Commercial
    7.3 Residential
    7.4 Others

8 Energy Recovery Ventilator Market, By Region (Page No. - 53)
    8.1 Introduction
    8.2 North America
           8.2.1 US
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Europe
           8.3.1 Germany
           8.3.2 UK
           8.3.3 France
           8.3.4 Italy
           8.3.5 Spain
           8.3.6 Scandinavia
           8.3.7 Benelux
           8.3.8 Rest of Europe
    8.4 Asia Pacific
           8.4.1 China
           8.4.2 Japan
           8.4.3 India
           8.4.4 South Korea
           8.4.5 Australia
           8.4.6 New Zealand
           8.4.7 Indonesia
           8.4.8 Rest of Asia Pacific
    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 South America
           8.6.1 Brazil
           8.6.2 Argentina
           8.6.3 Rest of South America

9 Competitive Landscape (Page No. - 92)
    9.1 Overview
    9.2 Market Ranking Analysis
    9.3 Competitive Scenario
           9.3.1 New Product Launches
           9.3.2 Expansions
           9.3.3 Mergers & Acquisitions
           9.3.4 Joint Ventures

10 Company Profiles (Page No. - 97)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     10.1 Mitsubishi Electric Corporation
     10.2 Daikin
     10.3 Panasonic Corporation
     10.4 LG Electronics
     10.5 Johnson Controls
     10.6 Fujitsu General
     10.7 Carrier Corporation
     10.8 Nortek Air Solutions
     10.9 Munters
     10.10 Greenheck Fan Corporation
     10.11 Heatex AB
     10.12 Other Key Players
             10.12.1 Renewaire
             10.12.2 Airxchange
             10.12.3 Loren Cook Company
             10.12.4 Broan-Nutone
             10.12.5 Paschal Heat, Air & Geothermal
             10.12.6 Ostberg Group
             10.12.7 Trane
             10.12.8 Lennox International
             10.12.9 Flaktgroup
             10.12.10 Reznor Manufacturing Company
             10.12.11 Desiccant Rotors International (DRI)
             10.12.12 Zehnder America
             10.12.13 Ruskin Rooftop Systems
             10.12.14 Dunnair

*Details Might Not Be Captured in Case of Unlisted Companies

11 Appendix (Page No. - 121)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets Subscription Portal
     11.3 Introducing RT: Real-Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details


List of Tables (84 Tables)

Table 1 Energy Recovery Ventilator Market Snapshot
Table 2 Cost Analysis of Energy Recovery Ventilators
Table 3 Energy Recovery Ventilator Market, By Technology Type, 2015–2022 (USD Million)
Table 4 Energy Recovery Ventilator Market for Plate Heat Exchanger, By Region, 2015–2022 (USD Million)
Table 5 Energy Recovery Ventilator Market for Heat Pipe Heat Exchanger, By Region, 2015–2022 (USD Million)
Table 6 Energy Recovery Ventilator Market for Rotary Heat Exchanger, By Region, 2015–2022 (USD Million)
Table 7 Energy Recovery Ventilator Market for Run-Around Coil, By Region, 2015–2022 (USD Million)
Table 8 Energy Recovery Ventilator Market for Other Technology Types, By Region, 2015–2022 (USD Million)
Table 9 Energy Recovery Ventilator Market, By Application, 2015–2022 (USD Million)
Table 10 Energy Recovery Ventilator Market in Commercial, By Region, 2015–2022 (USD Million)
Table 11 Energy Recovery Ventilator Market in Residential, By Region, 2015–2022 (USD Million)
Table 12 Energy Recovery Ventilator Market in Other Applications, By Region, 2015–2022 (USD Million)
Table 13 Energy Recovery Ventilator Market, By Region, 2015–2022 (USD Million)
Table 14 North America By Market, By Country, 2015-2022 (USD Million)
Table 15 North America By Market, By Technology Type, 2015-2022 (USD Million)
Table 16 North America By Market, By Application, 2015-2022 (USD Million)
Table 17 US By Market, By Technology Type, 2015–2022 (USD Million)
Table 18 US By Market, By Application, 2015-2022 (USD Million)
Table 19 Canada By Market, By Technology Type, 2015–2022 (USD Million)
Table 20 Canada By Market, By Application, 2015-2022 (USD Million)
Table 21 Mexico By Market, By Technology Type, 2015–2022 (USD Million)
Table 22 Mexico By Market, By Application, 2015-2022 (USD Million)
Table 23 Europe By Market, By Country, 2015–2022 (USD Million)
Table 24 Europe By Market, By Technology Type, 2015–2022 (USD Million)
Table 25 Europe By Market, By Application, 2015–2022 (USD Million)
Table 26 Germany By Market, By Technology Type, 2015–2022 (USD Million)
Table 27 Germany By Market, By Application, 2015–2022 (USD Million)
Table 28 UK By Market, By Technology Type, 2015–2022 (USD Million)
Table 29 UK By Market, By Application, 2015–2022 (USD Million)
Table 30 France By Market, By Technology Type, 2015–2022 (USD Million)
Table 31 France By Market, By Application, 2015–2022 (USD Million)
Table 32 Italy By Market, By Technology Type, 2015–2022 (USD Million)
Table 33 Italy By Market, By Application, 2015–2022 (USD Million)
Table 34 Spain By Market, By Technology Type, 2015–2022 (USD Million)
Table 35 Spain By Market, By Application, 2015–2022 (USD Million)
Table 36 Scandinavia By Market, By Technology Type, 2015–2022 (USD Million)
Table 37 Scandinavia By Market, By Application, 2015–2022 (USD Million)
Table 38 Benelux Energy Recovery Ventilator Market, By Technology Type, 2015–2022 (USD Million)
Table 39 Benelux Energy Recovery Ventilator Market, By Application, 2015–2022 (USD Million)
Table 40 Rest of Europe By Market, By Technology Type, 2015–2022 (USD Million)
Table 41 Rest of Europe By Market, By Application, 2015–2022 (USD Million)
Table 42 Asia Pacific By Market, By Country, 2015–2022 (USD Million)
Table 43 Asia Pacific By Market, By Technology Type, 2015–2022 (USD Million)
Table 44 Asia Pacific By Market, By Application, 2015–2022 (USD Million)
Table 45 China Energy Recovery Ventilator Market, By Technology Type, 2015–2022 (USD Million)
Table 46 China By Market, By Application, 2015–2022 (USD Million)
Table 47 Japan By Market, By Technology Type, 2015–2022 (USD Million)
Table 48 Japan By Market, By Application, 2015–2022 (USD Million)
Table 49 India By Market, By Technology Type, 2015–2022 (USD Million)
Table 50 India By Market, By Application, 2015–2022 (USD Million)
Table 51 South Korea By Market, By Technology Type, 2015–2022 (USD Million)
Table 52 South Korea By Market, By Application, 2015–2022 (USD Million)
Table 53 Australia By Market, By Technology Type, 2015–2022 (USD Million)
Table 54 Australia By Market, By Application, 2015–2022 (USD Million)
Table 55 New Zealand By Market, By Technology Type, 2015–2022 (USD Million)
Table 56 New Zealand By Market, By Application, 2015–2022 (USD Million)
Table 57 Indonesia By Market, By Technology Type, 2015–2022 (USD Million)
Table 58 Indonesia By Market, By Application, 2015–2022 (USD Million)
Table 59 Rest of Asia Pacific By Market, By Technology Type, 2015–2022 (USD Million)
Table 60 Rest of Asia Pacific By Market, By Application, 2015–2022 (USD Million)
Table 61 Middle East & Africa By Market, By Country, 2015–2022 (USD Million)
Table 62 Middle East & Africa By Market, By Technology Type, 2015–2022 (USD Million)
Table 63 Middle East & Africa By Market, By Application, 2015–2022 (USD Million)
Table 64 Saudi Arabia By Market, By Technology Type, 2015-2022 (USD Million)
Table 65 Saudi Arabia By Market, By Application, 2015–2022 (USD Million)
Table 66 UAE By Market, By Technology Type, 2015-2022 (USD Million)
Table 67 UAE By Market, By Application, 2015–2022 (USD Million)
Table 68 Egypt By Market, By Technology Type, 2015-2022 (USD Million)
Table 69 Egypt By Market, By Application, 2015–2022 (USD Million)
Table 70 Rest of Middle East & Africa By Market, By Technology Type, 2015-2022 (USD Million)
Table 71 Rest of Middle East & Africa By Market, By Application, 2015–2022 (USD Million)
Table 72 South America By Market, By Country, 2015–2022 (USD Million)
Table 73 South America By Market, By Technology Type, 2015–2022 (USD Million)
Table 74 South America By Market, By Application, 2015–2022 (USD Million)
Table 75 Brazil By Market, By Technology Type, 2015–2022 (USD Million)
Table 76 Brazil By Market, By Application, 2015–2022 (USD Million)
Table 77 Argentina By Market, By Technology Type, 2015–2022 (USD Million)
Table 78 Argentina By Market, By Application, 2015–2022 (USD Million)
Table 79 Rest of South America By Market, By Technology Type, 2015–2022 (USD Million)
Table 80 Rest of South America By Market, By Application, 2015–2022 (USD Million)
Table 81 New Product Launches, 2012-2017
Table 82 Expansions, 2012-2017
Table 83 Mergers & Acquisitions, 2012-2017
Table 84 Joint Ventures, 2012-2017


List of Figures (35 Figures)

Figure 1 Energy Recovery Ventilator Market: Research Design
Figure 2 Energy Recovery Ventilator Market: Data Triangulation
Figure 3 Plate Heat Exchanger Technology is Expected to Lead the Energy Recovery Ventilator Market Through 2022
Figure 4 Commercial Application is Expected to Lead the Energy Recovery Ventilator Market By 2022
Figure 5 North America is Expected to Lead the Energy Recovery Ventilator Market in 2017
Figure 6 Increasing Demand for Energy-Efficient Devices is Creating Opportunities for the Growth of the Energy Recovery Ventilator Market
Figure 7 North America to Be the Largest Market Across All Technology Types for Energy Recovery Ventilator in 2017
Figure 8 North America to Be the Largest Market Across All Applications for Energy Recovery Ventilator in 2017
Figure 9 North America Energy Recovery Ventilator Market is Projected to Grow at the Fastest Rate Between 2017 and 2022
Figure 10 Energy Recovery Ventilator Market: Drivers, Restraints, Challenges, and Opportunities
Figure 11 Average Green Share of Building Project Activity, By Country, 2015
Figure 12 Energy Recovery Ventilator Market: Porter’s Five Forces Analysis
Figure 13 Energy Recovery Ventilator Market Overview: By Technology Type
Figure 14 Plate Heat Exchanger Segment in North America is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Heat Pipe Heat Exchanger Segment is Expected to Grow at the Second-Highest CAGR in Europe During the Forecast Period
Figure 16 Rotary Heat Exchanger Segment is Expected to Lead in North America During the Forecast Period
Figure 17 Run-Around Coil Segment is Expected to Be the Third-Largest in Asia Pacific During the Forecast Period
Figure 18 Other Technology Type is Expected to Lead in North America During the Forecast Period
Figure 19 Energy Recovery Ventilator Market, By Application
Figure 20 Commercial Application Segment is Expected to Lead in North America During the Forecast Period
Figure 21 Residential Application Segment in Europe is Expected to Grow at the Second-Highest CAGR During the Forecast Period
Figure 22 North America to Be the Largest Market for Other Applications of Energy Recovery Ventilator
Figure 23 Energy Recovery Ventilator Market in North America and Europe is Projected to Witness High Growth During the Forecast Period
Figure 24 North America Energy Recovery Ventilator Market Snapshot
Figure 25 Europe Energy Recovery Ventilator Market Snapshot
Figure 26 Asia Pacific Energy Recovery Ventilator Market Snapshot
Figure 27 Middle East & Africa Energy Recovery Ventilator Market Snapshot
Figure 28 South America Energy Recovery Ventilator Market Snapshot
Figure 29 Companies Primarily Adopted Organic Growth Strategies Between 2012 and 2017
Figure 30 Mitsubishi Electric Corporation: Company Snapshot
Figure 31 Daikin: Company Snapshot
Figure 32 Panasonic Corporation: Company Snapshot
Figure 33 LG Electronics: Company Snapshot
Figure 34 Johnson Controls: Company Snapshot
Figure 35 Fujitsu General: Company Snapshot

The energy recovery ventilator market is projected to grow from USD 1.97 Billion in 2017 to USD 3.37 Billion by 2022, at a CAGR of 11.4% from 2017 to 2022. Increasing innovations in energy recovery ventilators to meet the customized ventilation requirements of various end users act as an opportunity for the growth of the energy recovery ventilator market across the globe.

Among technology types, the plate heat exchanger segment is expected to lead the energy recovery ventilator market during the forecast period. The increasing demand for plate heat exchangers from the commercial and residential sectors to manage, control, and monitor energy consumption in buildings is expected to drive the growth of the plate heat exchanger technology type segment of the energy recovery ventilator market from 2017 to 2022.

The commercial application segment is expected to lead the energy recovery ventilator market from 2017 to 2022. This segment of the market is also projected to grow at the highest CAGR during the forecast period. The growth of the commercial application segment of the energy recovery ventilator market can be attributed to the increasing use of these ventilators in commercial and residential applications. Moreover, rise in the number of green buildings, formulation and stringent implementation of various government regulations to reduce energy consumption in buildings, and increased demand for highly efficient energy recovery ventilators across the globe are also contributing to the growth of the commercial application segment of the market.

The North American region is the largest market for energy recovery ventilators across the globe. The growing demand for energy recovery ventilators from the residential and commercial sectors of the region is expected to fuel the growth of the North America energy recovery ventilator market during the forecast period.

Energy Recovery Ventilator Market

Lack of awareness about benefits offered by energy recovery ventilators and high cost involved in the purchase, installation, and maintenance of energy recovery ventilators are the factors expected to inhibit the growth of the energy recovery ventilator market across the globe.

Mitsubishi Electric Corporation (Japan), Daikin (Japan), Panasonic Corporation (Japan), LG Electronics (South Korea), Johnson Controls (US), Munters (Sweden), FUJITSU GENERAL (Japan), Carrier Corporation (US), Nortek Air Solutions (US), and Greenheck Fan (US) are the leading players operating in the energy recovery ventilator market. These companies have adopted various strategies such as new product launches, expansions, and mergers & acquisitions to meet the growing demand for energy recovery ventilators as well as increase their market shares.

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