Heat and Energy Recovery Ventilator Market

Europe Heat and Energy Recovery Ventilator Market

  • EP-2626
  • 4.7 Rating
  • 195 Pages
  • 09-09-2021
  • 75 Reviews
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Aamir

Author:

Aamir Ansari

Vineet

Fact-checked by:

Vineet Pandey

Swapnil

Editor:

Swapnil Hedau

Europe heat and energy recovery ventilator Market Outlook

The Europe heat and energy recovery ventilator market was valued at USD 3,019.3 Million in 2020 and is projected to reach USD 4,466.9 million by 2028 growing at a CAGR of 5.6% during the forecast period. The heat and energy recovery ventiltors are the devices that are used to heat or cool the incoming outside air and replace it with the stale outgoing air.

These ventilators help to eliminate the pathogens, bacteria and viruses from the air going in the building. The heat recovery ventilator helps to maintain the temperature of the premise by capturing the heat from the outgoing stale air and uses it to heat the incoming fresh air in the heating season and removes the heat from the incoming air transfers it to the outgoing stale air.

Heat and Energy Recovery Ventilator Market Outlook

The energy recovery ventilators help to maintain temperature and humidity in the air. The energy recovery ventilators remove the excess moisture from the air as less energy is required to heat the air as compared to the moist air during the moist air, during the winters when the climate is dry the ERV helps to retain the moisture and pumps it in the incoming air to prevent dryness.

The HRV and ERV market is significantly growing due to the low maintenance costs, energy efficiency and sustainability which helps to drive the market growth.


The increased use of the recovery ventilators in the construction and automobile sectors is favoring significant growth of the market. The increased demand from the residential segment due to the increased concerns of the people for clean and pathogen free indoor air is a significant contributor for the market.

Europe heat and energy recovery ventilator Market Dynamics

Increasing awareness about indoor air quality

The demand for the heat and energy recovery ventilator market due to the concerns of the people for the increasing pollution levels in the developed nations such as Germany, France and Italy which have significant pollution levels due to the industrial zones which fuels the demand for the recovery ventilators in the region.

The exposure to the polluted air can cause lung diseases such as asthma, bronchitis, emphysema these factors are expected to fuel the demand for the ventilators which help to filter out the pollutants that causes these diseases. The ventilators help to maintain the humidity in the in the premise which prevents the fungal and bacterial growth. These factors are expected to fuel the demand for the heat and energy recovery ventilators during the forecast period.

Reduced power consumption by the recovery ventilators

The recovery ventilators use heat form the air from the outgoing air to pre-heat the incoming air in the heating season and in the cooling season they remove the heat from the incoming fresh air. This method helps to save energy as no energy is required to heat or cool the air that is to be sent in the premise. The recovery ventilators are significantly cost effective and have low maintenance due to these factors.

The fossil fuel based heaters on the other hand use significantly higher amount of energy than the recovery ventilators and are also more environmental friendly. The government is also taking initiatives to promote these ventilators due to their low energy consumption.

Increased investments by the market players for R&D activities

The market players are focusing on developing efficient products to suit the current demands in the market. Development of efficient, more sustainable ventilators is the key objectives for the players. Due to the current COVID scenario some of the key players in the market are focusing on development of filters that can help to filter out the corona virus.

Due to the concerns of the people to adopt environmental friendly products the market players are expected to focus on developing sustainable products. The increased investments by the government to promote environmental friendly products that have minimum effect on the environment. These factors are favored to improve the market growth during the forecast period.

Europe heat and energy recovery ventilator Market Segmental Outlook

Based on product types the market for heat and energy recovery ventilator market is segmented into HRV, ERV and ventilator fThe HRV segment held a significant market share due to due its application in industries such as chemical, HVAC and paper these industries are key contributors of the revenue for this segment. These industries are estimated to contribute significantly to the growth of the market during the forecast period.

 Europe Heat and Energy Recovery Ventilator Market Product Types
The ERV segment is estimated to grow at a faster rate during the forecast period due to its wider applications in industries and advantages over the heat recovery ventilators. The ERV provide improved indoor quality, easy maintenance, improved humidity control, better efficiency, better odor control and better comfort levels over the HRV’s. These are the factors which are expected contribute to the growth of the market during the forecast period.

Based on functionality, the Europe heat and energy recovery ventilator market is classified as centralized and decentralized. The centralized segment accounted for the largest segment in 2019 due to its applications in the commercial industries such as construction and automobile which are significant contributors to the revenue of the segment.

The rising industrialization and urbanization in countries such as Germany, France and Italy are expected to drive the market growth during the forecast period.

The decentralized segment is expected grow at a significant CAGR during the forecast period owing to its increasing demand from the residential segment which is a key revenue contributor to the segment. The key factors for the growth of the market are the rising concerns among the people for improved indoor air quality due to the increasing pollution levels which are deteriorating air quality this is expected to fuel the demand for the recovery ventilators.

The development of sustainable and cost effective products by the market players is the other factor that if expected to drive market growth during the forecast period.

Countries Outlook

In terms of Countries, the Europe heat and energy recovery ventilator market is divided into Italy, France, Germany, Sweden and Rest of Europe.

Italy, France and Germany accounted for a significant market share followed by Sweden. Extensive R&D activities undertaken by the market players to develop sustainable and cost-effective products are driving the growth of the market in the region. The government initiatives to promote recovery ventilators over the fossil fuel-based heaters that cause pollution this factor is attributed to help the market growth.

The market in Sweden is expected to grow at a significant CAGR during the forecast period due to the rising concerns of the people about the indoor air quality and to use sustainable products which have minimum effect on the environmental conditions. The key market players are also undertaking marketing and promotional activities to promote the growth of the heat and energy recovery ventilators in the market.

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Europe heat and energy recovery ventilator market
  • Historical, Current and Projected Market Size in terms of Value and Volume
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Europe heat and energy recovery ventilator market performance

Segments

By Product type

  • HRV
  • ERV
  • Ventilation Fans

By Functionality

  • Centralized
  • Decentralized

End Use

  • Commercial
  • Residential

Region

  • Europe
  • Italy
  • France
  • Germany
  • Spain
  • Sweden
  • Rest of Europe

Key Market Players Profiled in the Report

  • CENTROTEC SE
  • DRI
  • FUJITSU GENERAL
  • Heatex
  • Klimor
  • Komfovent
  • Nortek
  • SALDA UAB
  • LG Electronics
  • Panasonic Corporation
  • Systemair AB
  • ATREA s. r. o.
  • Munters
  • Mitsubishi Electric Corporation
  • Johnson Controls

Competitive Landscape

  • Top players in the market include Johnson Controls, CENTROTEC SE, Panasonic Corporation, Mitsubishi Electric Corporation, Systemair AB. These companies are considered as key manufacturers of heat and energy recovery ventilators based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
  • The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the European heat and energy recovery ventilator market.
Heat and Energy Recovery Ventilator Market Key Players
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Residential Heat and Energy Recovery Ventilators Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Residential Heat and Energy Recovery Ventilators Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Residential Heat and Energy Recovery Ventilators Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Residential Heat and Energy Recovery Ventilators Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Europe Residential Heat and Energy Recovery Ventilators Market Size & Forecast, 2018-2028
      4.5.1 Residential Heat and Energy Recovery Ventilators Market Size and Y-o-Y Growth
      4.5.2 Residential Heat and Energy Recovery Ventilators Market Absolute $ Opportunity
      4.6 Innovations in Energy Recovery Ventilators: Overview
      4.7 Benefits Offered By Residential Heat and Energy Recovery Ventilators: Overview

Chapter 5 Europe Residential Heat and Energy Recovery Ventilators Market Analysis and Forecast By Product
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Product
      5.1.2 Basis Point Share (BPS) Analysis By Product
      5.1.3 Absolute $ Opportunity Assessment By Product
   5.2 Residential Heat and Energy Recovery Ventilators Market Size Forecast By Product
      5.2.1 HRV
         5.2.1.1 By Functionality
            5.2.1.1.1 Centralized

            5.2.1.1.2 De-centralized
         5.2.1.2 By End-user
            5.2.1.2.3 Commercial

            5.2.1.2.4 Residential
      5.2.2 ERV
         5.2.2.1 By Functionality
            5.2.2.1.1 Centralized

            5.2.2.1.2 De-centralized
         5.2.2.2 By End-user
            5.2.2.2.3 Commercial

            5.2.2.2.4 Residential
      5.2.3 Ventilation Fans
         5.2.3.1 Commercial
         5.2.3.2 Residential
   5.3 Market Attractiveness Analysis By Product
Note: By Functionality and By End-users are not sub-segments of HRV and ERV. It provides the breakup of Centralized & decentralized, and commercial & residential in HRV and ERV segments respectively. Same will be followed for all countries.

Chapter 6 Europe Residential Heat and Energy Recovery Ventilators Market Analysis and Forecast By Functionality
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Functionality
      6.1.2 Basis Point Share (BPS) Analysis By Functionality
      6.1.3 Absolute $ Opportunity Assessment By Functionality
   6.2 Residential Heat and Energy Recovery Ventilators Market Size Forecast By Functionality
      6.2.1 Centralized
      6.2.2 De-centralized
   6.3 Market Attractiveness Analysis By Functionality
Chapter 7 Europe Residential Heat and Energy Recovery Ventilators Market Analysis and Forecast By End-user
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By End-user
      7.1.2 Basis Point Share (BPS) Analysis By End-user
      7.1.3 Absolute $ Opportunity Assessment By End-user
   7.2 Residential Heat and Energy Recovery Ventilators Market Size Forecast By End-user
      7.2.1 Residential
      7.2.2 Commercial
         7.2.2.1 Light Commercial
         7.2.2.2 Heavy Commercial
   7.3 Market Attractiveness Analysis By End-user
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 Europe Residential Heat and Energy Recovery Ventilators Analysis and Forecast
   9.1 Introduction
   9.2 Europe Residential Heat and Energy Recovery Ventilators Market Size Forecast by Country
      9.2.1 Italy
         9.2.1.1 By Product
         9.2.1.2 By Functionality
         9.2.1.3 By End-user
      9.2.2 France
         9.2.2.1 By Product
         9.2.2.2 By Functionality
         9.2.2.3 By End-user
      9.2.3 Spain
         9.2.3.1 By Product
         9.2.3.2 By Functionality
         9.2.3.3 By End-user
      9.2.4 Sweden
         9.2.4.1 By Product
         9.2.4.2 By Functionality
         9.2.4.3 By End-user
      9.2.5 Rest of Europe
         9.2.5.1 By Product
         9.2.5.2 By Functionality
         9.2.5.3 By End-user
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
Chapter 10 Competition Landscape
   10.1 Residential Heat and Energy Recovery Ventilators Market: Competitive Dashboard
   10.2 Europe Residential Heat and Energy Recovery Ventilators Market: Market Share Analysis, 2020

   10.3 Italy Residential Heat and Energy Recovery Ventilators Market: Market Share Analysis, by Product, 2021
10.4 France Residential Heat and Energy Recovery Ventilators Market: Market Share Analysis, by Product, 2021
10.5 Spain Residential Heat and Energy Recovery Ventilators Market: Market Share Analysis, by Product, 2021
10.6 Sweden Residential Heat and Energy Recovery Ventilators Market: Market Share Analysis, by Product, 2021
10.7 Rest of Europe Residential Heat and Energy Recovery Ventilators Market: Market Share Analysis, by Product, 2021
   10.8 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      10.8.1 CENTROTEC SE
      10.8.2 DRI
      10.8.3 FUJITSU GENERAL.
      10.8.4 Heatex
      10.8.5 KLIMOR Spółka
      10.8.6 Komfovent
      10.8.7 Nortek Air Solutions, LLC
      1.8.8 SALDA UAB
      10.8.9 LG Electronics
      10.8.10 Panasonic Corporation
      10.8.10 Systemair AB
      10.8.12  ATREA s. r. o.
      10.8.13 Munters
      10.8.14 Mitsubishi Electric Corporation
      10.8.15 Johnson Controls

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request

According to this Growth Market Reports report, the Europe heat and energy recovery ventilator market is likely to register a CAGR of 5.6% during forecast period 2021-2028, with an anticipated valuation of USD 4,466.9 million by the end of the 2028.

In addition to market size (in US$ Million), Company Market Share (in % for base year 2020) pricing analysis, production process outlook and regulatory landscape. Moreover, the cross split of products and functionality segment is included in the report. The Market share analysis for key companies for all products and countries is included in the report.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

Increasing awareness about indoor environmental quality, Reduced power consumption by the ventilators, Increased investments in the R&D, Rising demand in the construction segment fuels demand are the factors expected to drive the market growth during forecast period.

Residential and commercial sector are the major applications of the Europe heat and energy recovery ventilator

The market is expected to significant decrease in growth % between 2019 and 2020 owing to the COVID 19 pandemic on the cold-pressed canola oil market.

The base year considered for the Europe heat and energy recovery ventilator market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018, and 2019 are the historic years, and the forecast is provided from 2021 to 2028.

Factors such as growth of construction sector, Research and Development activities, Technological advancements and government initiatives are analyzed in the final report.

Major Manufacturers include Johnson Controls, CENTROTEC SE, Panasonic Corporation, Mitsubishi Electric Corporation, Systemair AB and others.