Energy Recovery Ventilator Market size was valued at USD 3.93 Billion in 2024 and the total Energy Recovery Ventilator revenue is expected to grow at a CAGR of 11.6% from 2025 to 2032, reaching nearly USD 9.47 Billion.Energy Recovery Ventilator Market Overview:
Rise in need for indoor air quality & load drop, positive impact of codes & standards, rise in construction of green buildings, &nonstop advancements in energy recovery ventilator solutions are some of the aspectsresponsible for increasing the market development. Numerous companies working in energy recovery ventilator market are meaningfully investing on initiatives to support their market position. For example, in the year 2024, Greenheck unveiled its strategy to increase its manufacturing services in Shelby, North Carolina. Greenheck capitalizedapproximately USD 60 Mn to increase production of its Devoted Outdoor Air Systems (DOAS), Tempered Air Products (TAP), & Architectural Products.To Know About The Research Methodology :- Request Free Sample Report The growth plans contain the purchase of acurrent manufacturing capacity that would support improved demand for Greenheck DOAS & TAP products. In the year 2024, Nortek Air Solutions, LLC, presented R7DA, a combination dedication outdoor air system & conventional space conditioning rooftop unit, to the Mammoth branded R7 Stage production lines for optimum indoor air quality & space comfort in commercial uses. These planned initiatives are estimated to increase the demand for energy recovery ventilator systems during the forecast period. North America led the energy recovery ventilator market in the year 2024, followed by Europe. In North America, the application of an energy recovery ventilation system is supported by extensive investments from the commercial segment. North America’s market is mainly driven by growing demand for ERV from BFSI, retail, IT and telecom, healthcare, & educational organizations. Growing need for improved indoor air quality is a serious factor prompting the adoption of energy recovery ventilation in Europe. Booming tourism industry in Europe is pushing the construction of commercial developments& hotels through the region. This influence would play a major role in increasing the installation of energy recovery ventilator systems to confirmenhanced energy performance of commercial buildings in the region. All the influences mentioned above are likely to increase the development of the energy recovery ventilator market. Tourism Industry in Europe: The USA, Germany, & the UK provided nearly a quarter of the global bed nights spent in European cities in the year 2024. Each of these source marketplaces improved by between 4-6 percent since 2024. Spain & Italy restarted positive progress rates as source markets after frequent decreases in number of bed nights spent in European cities over the last few years. The 2024 star development market, China, presented impressive development by 13.2 percent in 2024 to make up about 2 percent of bed nights spent in European cities. In the year 2024, the Chinese market was already rising by 11.4 percent. Japan, however, continued to show a drop in bed nights since the last year (-4.1 percent) & Russia reduced even more with -7.9 percent after having grown by an inspiring 9.4 percent in 2024. The decline of the Russian source market was anticipatedowing to the decrease in the oil costs, devaluation of the ruble, &authorizations taken against Russia since of the country’s fight with Ukraine. Impact of Corona Virus Pandemic: The Corona Virus outbreak, which began in Wuhan, China, in the year 2024, has spread at a fast pace globally. The worldwide factory shutdowns, travel bans, &boundary lockdowns, to fight& contain the outbreak, have obstructed every industry & economy globally. The Corona Virus is generating challenges for medical organizations, healthcare organizations, manufacturing units, commercial office buildings, shopping centers, & airports globally. The sharp decline in industrial & commercial segment is impacting the development of the worldwide energy recovery ventilator market as stated sectors are prominent consumers of energy recovery ventilators. Factory shutdowns &boundary lockdowns have also impacted manufacturing, supply, & sales of energy recovery ventilators.
Market Strategic Insights:
Promising Impact of Codes & Standards on Market: The optimistic impact of codes & standards is one of the key drivers behind improved adoption of energy recovery ventilation technology. For example, ASHRAE’s Standard 62.1, “Ventilation for Satisfactory Indoor Air Quality,” is a key pillar of the Global Mechanical Code from the United States Green Building Council’s LEED ranking system & the Global Code Council as well as somedomestic ventilation codes.This standard describes how much air ventilation should be carried into a building. Additional, ASHRAE’s Standard 90.1 endorses the use of energy recovery ventilation systems with a least 50 percent recovery efficiency for the separate fan systems designed & developed with fan capabilities of 5,000 cfm or more & an outdoor air supply of least 70 percent. The occurrence of regulatory bodies will play a main role in improving the usage of energy recovery ventilator among the constructions. The report covers Residential,Commercial, Others analysis, with detailed analysis Global Energy Recovery Ventilator Market industry with the classifications of the market on the, Application Type, Application, Product & region. Analysis of past market dynamics from 2019 to 2024 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it.The report has profiled twelve key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw Products, labor cost, availability of advanced Plastic Application Type, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in five regions. The major country’s policies about manufacturing & Covid 19 impact on demand side are covered in the report.Energy Recovery Ventilator Market Scope: Inquire before buying
Global Energy Recovery Ventilator Market Report Coverage Details Base Year: 2024 Forecast Period: 2025-2032 Historical Data: 2019 to 2024 Market Size in 2024: US $ 3.93 Bn. Forecast Period 2025 to 2032 CAGR: 11.6% Market Size in 2032: US $ 9.47 Bn. Segments Covered: by Technology Type Rotary Heat Exchanger Run-Around Coil Plate Heat Exchanger Heat Pipe Heat Exchanger Others by Application Residential Commercial Others Energy Recovery Ventilator Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Energy Recovery Ventilator Market Key Players
1. Daikin 2. Panasonic Corporation 3. LG Electronics 4. Johnson Controls 5. Munters 6. Fujitsu General 7. Carrier Corporation 8. Nortek Air Solutions 9. Greenheck Fan 10.Airxchange Inc. 11.United Technologies Corp. 12.Blue Star Ltd. 13.Mitsubishi Electric Corp. Ltd. 14.Johnson Controls 15.Renewaire 16.Reznor and Zehnder America Inc 17.Ruskin rooftop system 18.Innovative Drive Solutions. 19.Reznor HVAC 20.Trane 21.Broan-Nutone, LLC 22.Heatex 23.Dunnair 24.Zehnder America Frequently Asked Questions: 1. Which region has the largest share in Global Energy Recovery Ventilator Market? Ans: North America region held the highest share in 2024. 2. What is the growth rate of Global Energy Recovery Ventilator Market? Ans: The Global Energy Recovery Ventilator Market is growing at a CAGR of 11.6% during forecasting period 2025-2032. 3. What is scope of the Global Energy Recovery Ventilator market report? Ans: Global Energy Recovery Ventilator Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Energy Recovery Ventilator market? Ans: The important key players in the Global Energy Recovery Ventilator Market are – Daikin, Panasonic Corporation, LG Electronics, Johnson Controls, Munters, Fujitsu General, Carrier Corporation, Nortek Air Solutions, Greenheck Fan, Airxchange Inc., United Technologies Corp., Blue Star Ltd., Mitsubishi Electric Corp. Ltd., Johnson Controls, Renewaire, Reznor and Zehnder America Inc, Ruskin rooftop system, Innovative Drive Solutions., and Reznor HVAC 5. What is the study period of this market? Ans: The Global Energy Recovery Ventilator Market is studied from 2024 to 2032.
Global Energy Recovery Ventilator Market
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Energy Recovery Ventilator Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2024 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Energy Recovery Ventilator Market 3.4. Geographical Snapshot of the Energy Recovery Ventilator Market, By Manufacturer share 4. Global Energy Recovery Ventilator Market Overview, 2024-2032 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Application Types 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Energy Recovery Ventilator Market 5. Supply Side and Demand Side Indicators 6. Global Energy Recovery Ventilator Market Analysis and Forecast, 2024-2032 6.1. Global Energy Recovery Ventilator Market Size & Y-o-Y Growth Analysis. 7. Global Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 7.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 7.1.1. Rotary Heat Exchanger 7.1.2. Run-Around Coil 7.1.3. Plate Heat Exchanger 7.1.4. Heat Pipe Heat Exchanger 7.1.5. Others (Thermosiphon and Twin Tower) 7.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 7.2.1. Residential 7.2.2. Commercial 7.2.3. Others 8. Global Energy Recovery Ventilator Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2024-2032 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 9.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 9.1.1. Rotary Heat Exchanger 9.1.2. Run-Around Coil 9.1.3. Plate Heat Exchanger 9.1.4. Heat Pipe Heat Exchanger 9.1.5. Others (Thermosiphon and Twin Tower) 9.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 9.2.1. Residential 9.2.2. Commercial 9.2.3. Others 10. North America Energy Recovery Ventilator Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2024-2032 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 11.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 11.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 12. Canada Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 12.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 12.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 13. Mexico Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 13.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 13.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 14. Europe Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 14.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 14.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 15. Europe Energy Recovery Ventilator Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2024-2032 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 16.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 16.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 17. France Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 17.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 17.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 18. Germany Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 18.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 18.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 19. Italy Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 19.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 19.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 20. Spain Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 20.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 20.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 21. Sweden Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 21.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 21.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 22. CIS Countries Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 22.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 22.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 23. Rest of Europe Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 23.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 23.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 24. Asia Pacific Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 24.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 24.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 25. Asia Pacific Energy Recovery Ventilator Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2024-2032 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 26.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 26.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 27. India Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 27.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 27.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 28. Japan Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 28.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 28.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 29. South Korea Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 29.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 29.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 30. Australia Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 30.1. Market Size (Value) Estimates & Forecast By Application Type, 2024-2032 30.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 30.3. Market Size (Value) Estimates & Forecast By Product, 2024-2032 31. ASEAN Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 31.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 31.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 32. Rest of Asia Pacific Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 32.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 32.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 33. Middle East Africa Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 33.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 34. Market Size (Value) Estimates & Forecast By Application, 2024-2032Middle East Africa Energy Recovery Ventilator Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2024-2032 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 35.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 35.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 36. GCC Countries Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 36.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 36.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 37. Egypt Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 37.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 37.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 38. Nigeria Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 38.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 38.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 39. Rest of ME&A Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 39.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 39.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 40. South America Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 40.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 40.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 41. South America Energy Recovery Ventilator Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2024-2032 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 42.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 42.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 43. Argentina Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 43.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 43.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 44. Rest of South America Energy Recovery Ventilator Market Analysis and Forecasts, 2024-2032 44.1. Market Size (Value) Estimates & Forecast By Technology Type, 2024-2032 44.2. Market Size (Value) Estimates & Forecast By Application, 2024-2032 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Energy Recovery Ventilator Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Application Type Launches and Application Type Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Mitsubishi Electric Corporation (Japan). 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Application Type Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Daikin (Japan) 45.3.3. Panasonic Corporation (Japan) 45.3.4. LG Electronics (South Korea) 45.3.5. Johnson Controls (US) 45.3.6. Munters (Sweden) 45.3.7. Fujitsu General (Japan) 45.3.8. Carrier Corporation (US) 45.3.9. Nortek Air Solutions (US) 45.3.10. Greenheck Fan (US) 45.3.11. Airxchange Inc. 45.3.12. United Technologies Corp. 45.3.13. Blue Star Ltd. 45.3.14. Mitsubishi Electric Corp. Ltd. 45.3.15. Johnson Controls 45.3.16. Renewaire 45.3.17. Reznor and Zehnder America Inc 45.3.18. Ruskin rooftop system 45.3.19. Innovative Drive Solutions. 45.3.20. Reznor HVAC 45.3.21. Trane 45.3.22. Broan-Nutone, LLC 45.3.23. Heatex 45.3.24. Dunnair 45.3.25. Zehnder America 46. Primary Key Insights
