The report "Energy Recovery Ventilator Market by Technology Type (Plate Heat Exchanger, Heat Pipe Heat Exchanger, Rotary Heat Exchanger, Run-Around Coil), Application (Commercial, Residential), and Region (NA, EU, APAC, MEA, SA) - Global Forecast to 2022", The energy recovery ventilator market is projected to grow from USD 1.97 Billion in 2017 to USD 3.37 Billion by 2022, at a CAGR of 11.4% from 2017 to 2022. Growing need to reduce energy consumption in residential and commercial buildings, increasing number of green buildings across the globe, and growing awareness to maintain the quality of indoor air are the key factors driving the growth of the energy recovery ventilator market.
The North American region is estimated to account for the largest share of the energy recovery ventilator market in 2017. The growing demand for energy recovery ventilators from the residential and commercial sectors as well as formulation and implementation of various government regulations pertaining to the increased use of energy-efficient devices such as energy recovery ventilators are expected to fuel the growth of the North America energy recovery ventilator market between 2017 and 2022.
Some of the leading players operating in the energy recovery ventilator market include 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), and Greenheck Fan (US), among others.
