The Asia Pacific Energy Recovery Ventilator Market was worth USD 1.6 billion in 2021 and is projected to grow at a CAGR of 13.20%, to reach USD 2.45 billion by 2027, between 2022-2027.
Market Overview:
Energy Recovery Ventilator is the energy recovery procedure of exchanging energy in a normally exhausted building and utilizing it to treat the incoming airflow in residential and commercial HVAC structures. In warmer seasons, the machine pre-cools and dehumidifies while humidifying and pre-heating during the cooler seasons. This technique is useful for meeting the ASHRAE airflow & power requirements while improving indoor air quality and lowering overall HVAC system capacity simultaneously. The growing awareness regarding workplace conditions and employee welfare is leading to the high adoption of electricity-healing ventilators throughout industries, leading to the market’s dominance in the commercial zone. In terms of quantity, the call for energy-healing ventilators from the commercial sector has been increasing rapidly. Then again, the high value associated with these ventilators may be a predicament to the market’s boom during the forecast period.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2021 – 2027 |
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Base Year |
2021 |
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Forecast Period |
2022 - 2027 |
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CAGR |
13.20% |
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Segments Covered |
By Technology Type, Application, and Region. |
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Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
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), Greenheck Fan (Us), and Others. |
Market Segmentation:
Plate Heat Exchanger is estimated to account for the biggest proportion of the Energy Recovery ventilator market in 2017. The growth of this section of the market may be attributed to numerous factors such as the enhanced performance of plate warmness exchangers to transfer heat, ease in their upkeep, and their compact layout.
the commercial phase is anticipated to account for the largest share of the Energy Recovery ventilator market in 2017. Energy Recovery ventilators introduce pre-tempered air into the primary air conditioner devices. These structures assist in stabilizing the humidity level of the indoor air. Hence, there is an excessive call for these Energy Recovery ventilators in the commercial segment.
Market Geographical Analysis:
In view of the region, the Asia Pacific Energy Recovery Ventilator Market has been fragmented into countries like
China and South Korea lead the market in this region, closely trailed by Japan and Australia.
Market Key Players:
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