Global Energy Recovery Ventilator (ERV) Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Energy Recovery Ventilator (ERV) Market By Type, and Application: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Energy Recovery Ventilator (ERV) Market was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
An energy recovery ventilator system is suitable where there is no excess moisture in summer and where outside humidity is high. Energy recovery ventilator system utilizes the energy trapped in moisture and it aids overall energy recovery system. Energy recovery ventilator system helps in obtaining balanced moisture and humidity level such as where it is more humid outside than inside, ERV system limits moisture coming to home and vice versa.
Huge investment by key players from this market, growing energy concerns, and benefits offered by ERV systems are the some of the major factors driving the growth of energy recovery ventilator market globally. Growing trend of green building is fuelling the demand for energy recovery ventilators systems globally. Technological advancements in energy recovery ventilation and need of indoor air quality improvement are the two factors, fuelling the growth of energy recovery ventilator market. However, high cost, and low awareness about the benefits offered by energy recovery stems are two major restraints hampering the growth of ERV market globally.
This report provides a detailed analysis of energy recovery ventilator (ERV) market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
Global Energy Recovery Ventilator (ERV) market has been segmented majorly on the basis of Type (Plate Heat Exchange, Rotary Heat Exchange, Run-around Coil, Heat Pipe Heat Exchanger, and Others), Applications (Commercial and Residential).
By geography, Global Energy Recovery Ventilator (ERV) market is studied across North America, Europe, Asia-Pacific, and LAMEA. Growth of energy recovery ventilator (ERV) market in North America region is influenced by factors such as existence of major players from this market and growing awareness regarding benefits of ERV systems in countries like U.S. and Canada. Formulation and implementation of government regulation is fuelling the growth of Energy Recovery Ventilator (ERV) market in Europe.
Key Question Answered: • What will be the market size in 2025 and at what rate it will grow? • What trends, barriers, challenges are influencing its growth? • Who are the major key players in Global Energy Recovery Ventilator (ERV) Market and what are their strategies? • What segment and region will lead the market and why?
The major companies profiled in the report include: United Technologies Corp., Fujitsu Ltd., LG Electronics., Munters Corp., Daikin industries Ltd., Mitsubishi Electric Corp. Ltd., Nortek Inc., Johnson Controls International Plc., Blue Star Ltd., and Airxchange Inc.
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