Global Energy Recovery Ventilator Core Market

Energy Recovery Ventilator Core Market by Material Types (Fibrous Paper, Engineered Resin, and Others), Shapes (Diamond, Square, Wheel, and Hexagon), Flow Types (Crossflow and Counter-flow), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

  • Report ID: CM-4480
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 2
  • No. Of Pages: 166
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The global energy recovery ventilator core market size was valued at around USD 947 million in 2021 and is anticipated to reach USD 1362 million by 2030, expanding at a CAGR of around 7.5% during the forecast period, 2022 – 2030. The growth of the market is attributed to the increasing demand for energy recovery ventilator cores and rising awareness regarding good indoor air quality.


Global Energy Recovery Ventilator Core Market Outlook

An energy recovery ventilator refers to a device, which is a part of a central ventilation system, that provides fresh air indoors by removing polluted indoor air and balancing the humidity in the room. The system captures pollen, pollutants, and other hazardous materials. It facilitates the pleasant and clean air to circulate in the room. The core of the energy recovery ventilator is where the transfer of cool and hot air takes place.

The COVID-19 pandemic situation affected moderately to the global energy recovery ventilator core market. Several residential construction activities were halted during the pandemic. The lockdown and travel restrictions forced companies to allow their employees to work from home. This resulted in the decline of HVACs and energy recovery ventilators. The disrupted supply chain created problems for energy recovery ventilator core providers. Conversely, the demand for these ventilators increased in the healthcare industry, as medical facilities required clean and fresh air during the pandemic situation.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising global temperature fuels the global energy recovery ventilator core market.
  • Increasing awareness regarding the quality of indoor air is expected to drive the market during the forecast period.
  • Growing residential and commercial construction activities in countries such as India, China, and Australia are estimated to boost the market during the forecast period.
  • Discomfort caused by noises from energy recovery ventilators is anticipated to hamper the growth of the market in the coming years.
  • Dry air passed from the ventilators in cold climates and its negative effects on health hinder the growth of the market.
  • Threat of energy recovery ventilator core to be frozen in sub-zero temperature restrains the growth of the market.
  • Increasing demand for energy recovery ventilator core to decrease the load of the HVAC system in infrastructure developments offers growth opportunities to the market players.

Scope of the Report

The report on the global energy recovery ventilator core market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Energy Recovery Ventilator Core Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022–2030

Segmentation

Material Types (Fibrous Paper, Engineered Resin, and Others), Shapes (Diamond, Square, Wheel, and Hexagon), and Flow Types (Crossflow and Counter-flow)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Core, Inc.; Ruskin; Beijing Holtop Air Conditioning Co., Ltd.; Greenheck Fan Corporation; Oji Container Co., Ltd.; Innergy Tech, Inc.; Hoval; Xiamen AIR-ERV Technology Co., Ltd.; Klingenburg USA, LLC; Dais Corporation; Karyer Group; Teasung Co., Ltd.; Recuperator S.p.A.; Teasung Co., Ltd.; ERI Corporation; RenewAire LLC; and Others

Market Segment Insights

Engineered resin segment dominates the market

Based on material types, the market is divided into fibrous paper, engineered resin, and others. The engineered resin segment is expected to hold a key market share during the forecast period, as engineered resin prohibits air from the energy recovery ventilator core to the other side to avoid cross-contamination. The engineered resin is made from a water vapor-permeable membrane, which allows water vapor to pass through the core more than other gasses. This factor aids in the expansion of the segment.


Global Energy Recovery Ventilator Core Market by Material Types

Hexagon segment holds a significant market share

In terms of shapes, the market is segregated into diamond, square, wheel, and hexagon. The hexagon segment is estimated to register a high CAGR during the forecast period, as the hexagon-shaped energy recovery ventilator cores are more efficient in energy recovery than the other shapes. In hexagon-shaped energy recovery ventilator cores, exhaust airflow and inlet airflow pass in opposite directions, which makes them energy-efficient. This factor aids in the expansion of the segment.

Counter-flow segment holds a key market share

On the basis of flow types, the market is bifurcated into crossflow and counter-flow. The counter-flow segment is estimated to expand rapidly during the forecast period, as cross-flow facilitates efficient heat transfer between the exhaust air and inlet air. These cores create opposing air flows between fresh air and exhaust air by routing them through different channels in the core. This makes the energy recovery ventilator core with a counter-flow layout show more energy efficiency than the crossflow layout.


Global Energy Recovery Ventilator Core Market by Flow Types

North America dominates the market

Based on regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is projected to register a significant CAGR during the forecast period, as the majority of commercial and residential buildings in the region consume a large part of the energy for cooling and heating purposes. The increasing demand for devices or equipment, which can heal and humidify the air in the region drives the market. The growing opportunities for green construction and the increasing presence of various energy recovery ventilator manufacturers in the region are expected to boost the market in North America in the coming years.


Global Energy Recovery Ventilator Market by Regions

Segments

The global energy recovery ventilator core market has been segmented on the basis of

Material Types
  • Fibrous Paper
  • Engineered Resin
  • Others
Shapes
  • Diamond
  • Square
  • Wheel
  • Hexagon
Flow Types
  • Crossflow
  • Counter-flow
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Core, Inc.
  • Ruskin
  • Beijing Holtop Air Conditioning Co., Ltd.
  • Greenheck Fan Corporation
  • Oji Container Co., Ltd.
  • Innergy Tech, Inc.
  • Hoval
  • Xiamen AIR-ERV Technology Co., Ltd.
  • Klingenburg USA, LLC
  • Dais Corporation
  • Karyer Group
  • Teasung Co., Ltd.
  • Recuperator S.p.A.
  • Teasung Co., Ltd.
  • ERI Corporation
  • RenewAire LLC
  • Others

Competitive Landscape

The global energy recovery ventilator core market is competitive with the presence of key players such as Core, Inc.; Ruskin; Beijing Holtop Air Conditioning Co., Ltd.; Greenheck Fan Corporation; Oji Container Co., Ltd.; Innergy Tech, Inc.; Hoval; Xiamen AIR-ERV Technology Co., Ltd.; Klingenburg USA, LLC; Dais Corporation; Karyer Group; Teasung Co., Ltd.; Recuperator S.p.A.; Teasung Co., Ltd.; ERI Corporation; RenewAire LLC; and others. For example, in March 2022, Greenheck Fan Corporation launched new energy recovery ventilators and ventilator cores for multi-family residential buildings, which have Home Ventilating Institute certified airflow. In March 2021, Innergy Tech, Inc. launched i4, an energy recovery wheel, which has a patented sealing technology used for new air handling units and fitted into existing systems.

Global Energy Recovery Ventilator Core Market by Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Energy Recovery Ventilator Core Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Energy Recovery Ventilator Core Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Energy Recovery Ventilator Core Market - Supply Chain
  4.5. Global Energy Recovery Ventilator Core Market Forecast
     4.5.1. Energy Recovery Ventilator Core Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Energy Recovery Ventilator Core Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Energy Recovery Ventilator Core Market Absolute $ Opportunity
5. Global Energy Recovery Ventilator Core Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Energy Recovery Ventilator Core Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Energy Recovery Ventilator Core Demand Share Forecast, 2019-2026
6. North America Energy Recovery Ventilator Core Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Energy Recovery Ventilator Core Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Energy Recovery Ventilator Core Demand Share Forecast, 2019-2026
7. Latin America Energy Recovery Ventilator Core Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Energy Recovery Ventilator Core Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Energy Recovery Ventilator Core Demand Share Forecast, 2019-2026
8. Europe Energy Recovery Ventilator Core Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Energy Recovery Ventilator Core Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Energy Recovery Ventilator Core Demand Share Forecast, 2019-2026
9. Asia Pacific Energy Recovery Ventilator Core Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Energy Recovery Ventilator Core Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Energy Recovery Ventilator Core Demand Share Forecast, 2019-2026
10. Middle East & Africa Energy Recovery Ventilator Core Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Energy Recovery Ventilator Core Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Energy Recovery Ventilator Core Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Energy Recovery Ventilator Core Market: Market Share Analysis
  11.2. Energy Recovery Ventilator Core Distributors and Customers
  11.3. Energy Recovery Ventilator Core Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Core, Inc.
     11.4.2. Ruskin
     11.4.3. Beijing Holtop Air Conditioning Co., Ltd.
     11.4.4. Greenheck Fan Corporation
     11.4.5. Oji Container Co., Ltd.
     11.4.6. Innergy Tech, Inc.
     11.4.7. Hoval
     11.4.8. Xiamen AIR-ERV Technology Co., Ltd.
     11.4.9. Klingenburg USA, LLC
     11.4.10. Dais Corporation
     11.4.11.
The global energy recovery ventilator core market has been segmented on the basis of

Material Types
  • Fibrous Paper
  • Engineered Resin
  • Others
Shapes
  • Diamond
  • Square
  • Wheel
  • Hexagon
Flow Types
  • Crossflow
  • Counter-flow
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Core, Inc.
  • Ruskin
  • Beijing Holtop Air Conditioning Co., Ltd.
  • Greenheck Fan Corporation
  • Oji Container Co., Ltd.
  • Innergy Tech, Inc.
  • Hoval
  • Xiamen AIR-ERV Technology Co., Ltd.
  • Klingenburg USA, LLC
  • Dais Corporation
  • Karyer Group
  • Teasung Co., Ltd.
  • Recuperator S.p.A.
  • Teasung Co., Ltd.
  • ERI Corporation
  • RenewAire LLC
  • Others

The global energy recovery ventilator core market is competitive with the presence of key players such as Core, Inc.; Ruskin; Beijing Holtop Air Conditioning Co., Ltd.; Greenheck Fan Corporation; Oji Container Co., Ltd.; Innergy Tech, Inc.; Hoval; Xiamen AIR-ERV Technology Co., Ltd.; Klingenburg USA, LLC; Dais Corporation; Karyer Group; Teasung Co., Ltd.; Recuperator S.p.A.; Teasung Co., Ltd.; ERI Corporation; RenewAire LLC; and others. For example, in March 2022, Greenheck Fan Corporation launched new energy recovery ventilators and ventilator cores for multi-family residential buildings, which have Home Ventilating Institute certified airflow. In March 2021, Innergy Tech, Inc. launched i4, an energy recovery wheel, which has a patented sealing technology used for new air handling units and fitted into existing systems.

Global Energy Recovery Ventilator Core Market by Key Players

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FAQ Section

Some frequently asked quetions about this report!

The global energy recovery ventilator core market is estimated to register a CAGR of around 7.5% during the forecast period.

The global energy recovery ventilator core market size was valued at around USD 947 million in 2021 and is anticipated to reach around USD 1362 million by 2030.

Diamond, square, wheel, and hexagon are the shapes of the energy recovery ventilator core.

An energy recovery ventilator refers to a device, which is a part of a central ventilation system, that provides fresh air indoors by removing polluted indoor air and balancing the humidity in the room.

North America dominates the global energy recovery ventilator core market.

Core, Inc.; Ruskin; Beijing Holtop Air Conditioning Co., Ltd.; Greenheck Fan Corporation; Oji Container Co., Ltd.; Innergy Tech, Inc.; Hoval; Xiamen AIR-ERV Technology Co., Ltd.; Klingenburg USA, LLC; and Dais Corporation are some of the key players in the global energy recovery ventilator core market.