USD 3.38 billion
Energy Recovery Ventilator Market Size, Share, and Growth Analysis
Energy Recovery Ventilator Market By Technology Type (Rotatory Heat Exchanger, Run-Around Coil), By Type (Ceiling Mount, Wall-Mount), By Application (Residential, Industrial), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20D2075 |
Region:
Global |
Published Date: March, 2025
Pages:
202
|Tables:
64
|Figures:
77
Format -
Energy Recovery Ventilator Market Insights
Energy Recovery Ventilator Market size was valued at USD 3.38 billion in 2023 and is poised to grow from USD 3.65 billion in 2024 to USD 6.81 billion by 2032, growing at a CAGR of 8.1% during the forecast period (2025-2032).
A central ventilation system known as an energy recovery ventilator works by balancing the humidity in a room and removing polluted air from the inside. It is commonly known as ERV ventilation system and ERV air exchangers. It filters out pollen, harmful contaminants, and other pollutants so that only clean air can enter the room.
According to the Environmental Protection Agency, indoor air quality is between two and five times worse than outdoor air. A lack of ventilation is to blame for a compact building's poor air quality. Sick building syndrome is one of the many health problems that can result from breathing in polluted air.
ERV is getting more and more popular because it gets rid of bad air and moisture and makes the indoor environment better to avoid problems. The global market for energy recovery ventilation systems is expected to expand in the coming years as demand for ventilation increases.
US Energy Recovery Ventilator Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Celling Mount
Fastest Growth
Celling Mount
Growth Rate
8.1% CAGR
Global Energy Recovery Ventilator Market, 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Energy Recovery Ventilator Market Segments Analysis
Global Energy Recovery Ventilator Market is segmented by Technology Type, Type, Application and region. Based on Technology Type, the market is segmented into Rotatory Heat Exchanger, Run-Around Coil, Plate Heat Exchanger, Heat Pipe Heat Exchanger and Others. Based on Type, the market is segmented into Ceiling Mount, Wall-Mount and Cabinet. Based on Application, the market is segmented into Residential, Industrial, Commercial and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Energy Recovery Ventilator Market Analysis by Type
It is anticipated that the ceiling mount category will hold a significant share of the market because it is growing at the fastest rate. Because the existing wiring and ducting over the walls ultimately reduces the cost and invasiveness of installation, ceiling mounted ERV are in high demand. Wall-mounted products had the second highest CAGR, Because they can be installed in buildings without mechanical ventilation systems. Buildings without mechanical ventilation prefer to install smaller, wall-mounted ERVs that vent directly outside through the exterior wall in buildings with smaller duct spaces. Due to the high costs of installation and upkeep, the cabinet-mounted ERV is expected to grow at a moderate rate over the forecast period. The type of energy recovery ventilator has a lifespan of more than a year and is typically used in the industrial sector.
Energy Recovery Ventilator Market Analysis by Application
Based on the application, In the market for energy recovery ventilator, it is anticipated that the commercial segment will experience greater growth. Energy recovery ventilators are in high demand, according to the segment. It is anticipated that the need for energy recovery ventilators in commercial buildings will rise in response to the rising demand for improved air quality.
Global Energy Recovery Ventilator Market By Type, 2022 (%)
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Energy Recovery Ventilator Market Regional Insights
In North America, severe weather like hailstorms, hurricanes, and heavy snowfall worsen indoor air quality, which directly impacts people's health. Residential fixed investment in North America amounted to USD 785 billion, or 3.3% of GDP.It is anticipated that increased residential investment will necessitate the installation of energy recovery ventilators to provide a safe and healthy indoor environment across the sector.
Asia pacific is anticipated to witness the highest CAGR over the forecast period. The rising standard of living in nations like China, India, Maleshiya, South Korea, Thailand, and others is to blame. These nations want to bring their commercial and residential building stock up to date. The largest share of the real estate market is held by east and pacific Asia, according to the International Finance Corporation. Additionally, it is anticipated that the commercial and residential building sector will provide USD 16 trillion in investment opportunities. These market opportunities will increase regional demand for ERV.
In terms of building and facility HVAC system installation, India is regarded as the leading nation. Manufacturers benefit from international direct investment schemes offered by government agencies. Because of this, manufacturers like Johnson Controls and others are concentrating on making ERVs for residential, industrial, and commercial facilities that are cabinet, wall, and ceiling mounted. These systems regulate the indoor and quality humidity in India, which has a humid environment, to provide a safe and healthy indoor environment.
Due to the construction of new housing in western countries, Europe's energy recovery ventilation system market is anticipated to expand gradually in the near future.
Global Energy Recovery Ventilator Market By Geography, 2022-2030
- Largest
- Fastest
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Energy Recovery Ventilator Market Dynamics
Energy Recovery Ventilator Market Drivers
Rising Awareness for Indoor Air Quality to Fuel Product Demand
- The quality of the air is a significant issue that is currently receiving attention. The poor quality of the air inside has a negative impact on the health, productivity, and well-being of those who live there. As a result, the market is expected to be driven by ERV demand.because it can continuously substitute clean outdoor air for state indoor air. Additionally, it can optimize energy efficiency, reduce carbon footprint, and remove pollutants like excess moisture, dust, and chemicals.
Energy Recovery Ventilator Market Restraints
Complex Installation Process to Hamper Growth
- The growing awareness of air quality is driving the demand for ERVs, but complicated installation procedures are stifling the market surge. In older construction projects where the space for installing ventilators is not ideal, integrating an energy recovery ventilator becomes difficult. A system of this kind can be placed in a way that reduces the amount of airflow and outdoor air intake, which can lead to the intake of contaminated air. Additionally, a significant additional length of air ducting is required, depending on the design and installation of these systems. Because these ducts need to be sealed and protected from external dirt and dust, the cost of product maintenance increases even more.
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Energy Recovery Ventilator Market Competitive Landscape
To meet customer demand on time, key players emphasize expanding their research and development centers, manufacturing plants, and research facilities. Additionally, these market players are making significant investments in upgrading the technologies that are already in use to conform to various emission standards. In addition, market participants implement the profitability improvement strategy in order to maintain their position in the market. This includes sales of ERV units and components to small and medium-sized businesses as well as mergers and acquisitions.
Top Players in Energy Recovery Ventilator Market
- Daikin Industries, Ltd. (Japan)
- Carrier Global Corporation (USA)
- Johnson Controls International plc (Ireland)
- Mitsubishi Electric Corporation (Japan)
- LG Electronics Inc. (South Korea)
- Panasonic Corporation (Japan)
- Lennox International Inc. (USA)
- Nortek Air Solutions, LLC (USA)
- Greenheck Fan Corporation (USA)
- Fujitsu General Limited (Japan)
- Trane Technologies plc (Ireland)
- Honeywell International Inc. (USA)
- Zehnder Group AG (Switzerland)
- Swegon Group AB (Sweden)
- Systemair AB (Sweden)
- RenewAire LLC (USA)
- Broan-NuTone LLC (USA)
- Hoval Group (Liechtenstein)
- Vent-Axia Group Limited (UK)
Energy Recovery Ventilator Market Recent Developments
- Mitsubishi Electric Corporation debuted a redesigned range of goods in August 2022 with the goal of improving home air conditioning. The business debuted new products that make use of ducted and split system technology, demonstrating their broad knowledge of energy recovery ventilators and air treatment.
- The Greenheck Fan Corporation announced in March 2022 the introduction of a new energy recovery ventilator designed for residential multi-family buildings. The company developed four distinct versions that offered the buyer a range of accessories and possibilities.
Energy Recovery Ventilator Key Market Trends
- The market for energy recovery ventilators is benefiting from the growing trend toward the construction of green buildings.This is because people are more concerned about their health because there are more dangers. The United States Green Building Council claims that green and healthier buildings with supportive ventilation can increase building asset value by 10% and return on investment by 19%. As a result, it is anticipated that the market for energy ventilators will expand significantly in the coming years.
Energy Recovery Ventilator Market SkyQuest Analysis
Sky Quest's ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, The primary cause driving up the market growth rate is the rising need for reducing energy consumption in residential and commercial buildings, as well as the rising number of green buildings. Moreover, the growing significance of indoor air quality and growing public awareness of indoor environmental quality will pave the path for market expansion. Nevertheless, the market for energy recovery ventilators cannot expand due to the high costs of installation and maintenance.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.38 billion |
| Market size value in 2032 | USD 6.81 billion |
| Growth Rate | 8.1% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Energy Recovery Ventilator Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Energy Recovery Ventilator Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Energy Recovery Ventilator Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Energy Recovery Ventilator Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Energy Recovery Ventilator Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Energy Recovery Ventilator Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Energy Recovery Ventilator Market Report Snapshots
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