According to a recent market study published by Growth Market Reports, titled, “Global Recovery Ventilators Market by functionality, by technology, by application, by end user, and by Region: Size, Share, Trends and Opportunity Analysis, 2018-2028”, the market was valued at US$ 8,151.30 Million in 2020 and is anticipated to grow at a growth rate of 9.1% by the year 2028.

The recovery ventilators market consists of heat recovery, energy recovery, and enthalpy recovery (humidity recovery) ventilators. Heat recovery ventilators (HRV) use the heat from the air leaving the building to heat the air that enters the building in the winters. Additionally, these ventilators are used to cool the air in the summers. Energy recovery ventilators (ERV) replace both heat and humidity from the air, thus maintaining both heat and humidity in the building.

In a recovery ventilation system, an enthalpy exchanger is utilized to reduce the risk of low indoor humidity levels in the winter. Enthalpy recovery ventilation (ERV) recovers energy in terms of both temperature and moisture, whereas heat recovery ventilation (HRV) recovers energy in terms of temperature.

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The Global recovery ventilators market has been fragmented based on functionality, technology, application, end user, and region. Based on functionality, the market is segmented into heat recovery, energy recovery, enthalpy recovery (humidity recovery) ventilators, and hybrid/multi-functional recovery ventilators. In terms of technologies, the market is categorized as plate heat exchanger, heat pipe heat exchanger, rotary heat exchanger, run-around coil, and others.

On the basis of application areas, the market is categorized as wall-mounted, ceiling-mounted, cabinet, and others. In terms of end-users, the recovery ventilators market is classified ad residential, commercial, and industrial. Considering regions, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The supply chain of recovery ventilators was hampered by COVID-19, due to restrictions in transportation and partial or complete lockdowns in various countries. The downturn in the industrial and commercial sectors is affecting the recovery ventilators market, as industries are major users of recovery ventilators. Supply and sales of enthalpy (humidity), energy, and heat recovery ventilators have all been affected by factory closures and border closures.

As per growth market reports industry analyst Rajas Shirwalkar, “The energy consumption by the energy recovery ventilators is low. The heat exchanger in the HRV and ERV take the heat to or away from the outgoing air to heat or cool the incoming air. This method helps to save energy as energy is not utilized to heat the incoming air. The reduced power consumption is a major factor that is expected to fuel the demand for the market.”

Key Takeaways from the Study

  • The players in the recovery ventilators market include ATREA s. r. o., Broan-NuTone, LLC., Carrier, CENTROTEC SE, Daikin Industries, DRI, FUJITSU GENERAL, Heatex, Honeywell International Inc., Johnson Controls, Klimor, Komfovent, Lennox International Inc., LG Electronics, Mitsubishi Electric Corporation, Munters, Nortek, Panasonic Corporation, SALDA UAB, Systemair AB, Zehnder Group, and others. These players hold a major market share of the Recovery Ventilators market in the year 2020.
  • Based on functionality, the market is segmented into heat recovery, energy recovery, enthalpy recovery (humidity recovery) ventilators, and hybrid/multi-functional recovery ventilators. The heat recovery ventilators (HRV) segment accounted for a significant share of the market in 2020, while the energy recovery ventilators (ERV) segment is anticipated to expand at a moderate CAGR during the forecast period.
  • Based on technologies, the market is categorized as plate heat exchanger, heat pipe heat exchanger, rotary heat exchanger, run-around coil, and others. The plate heat exchangers segment is expected to hold a significant share of the market during the forecast period, due to rising adoption of plate heat exchangers, as they help in reaching surface exchange areas up to thousands of square meters.
  • Based on regions, the global recovery ventilators market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to grow at a rapid pace during the forecast period, due to the harsh climatic conditions in the region. Rising hailstorms and jungle fires have badly affected the indoor air quality of various household and commercial buildings, which in turn, are affecting the health of people.

Report Scope

Report Metric

Details

Market Value in 2020

US$ 8,151.3 Million

Market Growth Rate (from 2020 to 2028)

9.1%

Historical Data

2018 & 2019

Base Year

2020

Forecast Period

2021 – 2028

Units Considered

Value (US$ Million)

Market Segments

By Functionality, By technology, By Application, By End User, and By Region

Key Companies Profiled

ATREA s. r. o., Broan-NuTone, LLC., Carrier, CENTROTEC SE, Daikin Industries, DRI, FUJITSU GENERAL, Heatex, Honeywell International Inc., Johnson Controls, Klimor, Komfovent, Lennox International Inc., LG Electronics, Mitsubishi Electric Corporation, Munters, Nortek, Panasonic Corporation, SALDA UAB, Systemair AB, Zehnder Group, and others

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufacturer, Distributors, and Supplier
  • Demand Side: Residential, Commercial, Industrial, and Others.
  • Regulatory Side: Concerned government authorities, and other approval regulatory bodies.
  • Associations and Industry Bodies: American Societ