Market Definition: Energy Recovery Ventilator Market
The Global Energy Recovery Ventilator Market accounted for USD 2.0 billion in 2017 and is projected to grow at a CAGR of 11.7% during the forecast period of 2019 to 2026.
Energy recovery ventilator is the process of energy recovery and is considered to be the important component in an HVAC system as for the improvement in the indoor air quality. It fits in the cold climate atmosphere, in homes where there is no abundance season moisture in the warmth and additionally for homes situated in warmer climates where the outside humidity level is high.Market research analysis conducted in this report optimistically lends a hand to businesses for the strategy planning related to production, costing, inventory, purchasing and marketing.
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Major Market Drivers & Restraints are as follows:
- Rising importance of indoor air quality and its benefit
- Numerous innovations in energy recovery ventilator and product differentiation
- Growth of Green Buildings
- Increase in the Need for Energy Consumption reduction
- High installation and in maintenance costs
- Lack of awareness
Key Market Competitors: Energy Recovery Ventilator Market
Few of the major competitors are FUJITSU GENERAL, Mitsubishi Electric Corporation, LG Electronics, Munters, HEATEX AB, Johnson Controls, Daikin, Greenheck Fan Corporation, Panasonic Corporation, Nortek Air Solutions, Ostberg Group¸ Carrier Airconditioning & Refrigeration Ltd., Airxchange, Paschal Heat, Air & Geothermal, Reznor Manufacturing Company, Ruskin Rooftop Systems, Renewaire, Zehnder America, Lennox International and Loren Cook Company among others.
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In this market report the market potential has been estimated and careful examination of fundamental sections and provincial markets has been given. The survey likewise sorts the market utilization volume and market share. Analysts have broken down the members alongside their information as well as principals separated from geographical regions and item type. Moreover, the report offers efficient review, product diagrams, and tables to deliver a conclusion.
Market Segmentation: Energy Recovery Ventilator Market
- On the basis of technology type, the global energy recovery ventilator market is segmented into heat pipe heat exchanger, run-around coil, plate heat exchanger, rotary heat exchanger and others.
- On the basis of application, the global energy recovery ventilator market is segmented into residential, industrial, commercial and others.
- On the basis of geography, the global energy recovery ventilator market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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The global energy recovery ventilator market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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