Recovery Ventilators Market

Europe Recovery Ventilators Market by Functionality (Heat Recovery, Energy Recovery, Enthalpy Recovery (Humidity Recovery) Ventilators, and Hybrid/Multi-functional), by Technology (Plate Heat Exchanger, Heat Pipe Heat Exchanger, Rotary Heat Exchanger, Run-Around Coil, and Others), by Application Areas (Wall Mounted, Ceiling Mounted, Cabinet, and Others), by End-User (Residential, Commercial, and Industrial), and Countries (Germany, France, Italy, U.K., Spain, Russia, and Rest of Europe)

  • Report ID: HC-2707
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 195
  • Format:
  • Pub. Date: 11-11-2021
  • Share:

Market Outlook:

The Europe Recovery Ventilators Market was valued at USD 2,725.3 Mn in 2020, and is projected to reach USD 4,701.9 Mn by 2028, expanding at a CAGR of 7.6% during the forecast period. 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.

Recovery Ventilators Market key takeaways

Market Dynamics

There is an increased awareness among individuals related to indoor environmental quality that is expected to drive the growth of the market. The pollution in the developing and developed countries is expected to fuel the demand for the ventilators.

Heat recovery ventilators (HRVs) and energy recovery ventilators (ERVs) are in high demand because they improve indoor air quality, lower heating costs, sustain current heat, and improve the moisture content of indoor air. Fans are used in these mechanical systems to ensure a balanced airflow around the house while also expelling stale indoor air. In residential settings, the need for HRV/ERV is increasing. HRVs/ERVs ventilate and warm homes in the winter, lowering the need for air conditioning in the summer.

During the forecast period, the demand for recovery ventilators is likely to increase in Europe, as governments across the region implement energy policies that encourage the use of alternative and clean-energy solutions. The process of reaching the UN's Sustainable Development Goals, which were established in September 2015, allows countries in the region to reduce their reliance on fossil fuels and focus on renewable energy production by 2030. As a result, the market in the region grows.

The indoor climate in residential buildings is affected by the people that live in the house and their activities. One of the purposes of a ventilation system is to keep the house from becoming too humid by eliminating some of the moisture. In the winter, the moisture balance is affected, resulting in low humidity in the house. 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. Positive impact of enthalpy recovery ventilation on the residential sector is expected to increase the demand for recovery ventilators.

Energy recovery ventilator systems are difficult to install. Some of the reasons expected to hamper the expansion of the recovery ventilators market include lack of sufficient information among technicians for the installation of ERV systems, and scarcity of skilled technicians for such installation activities. Energy recovery ventilation systems provide controlled ventilation while minimizing energy loss. Lack of awareness in the engineering community about correct ERV implementation, poor performance, unsatisfied customers, health and safety issues, and the potential of lawsuits hinders the market growth. Additionally, lack of awareness about indoor air quality and its negative consequences on health of people, and high maintenance costs are hampering the market growth.
Growing usage of energy recovery ventilation technology is attributed to the favorable impact of codes and standards. For instance, The International Code Council, as well as numerous local ventilation codes, use the Green Building Council's LEED grading system. This standard specifies the amount of air ventilation that should be provided in a structure. ASHRAE Standard 90.1 requires the use of energy recovery ventilation systems with atleast 50 percent recovery efficacy for individual fan systems with fan capacity of 5,000 cfm or more and a minimum 70 percent external air supply. The establishment of regulatory authorities is expected to increase the usage of energy recovery ventilators in buildings, which acts as a lucrative opportunity for the players in the market.

Segmental Outlook

By Functionality

Based on functionality, the market is segmented into heat recovery, energy recovery, and enthalpy recovery (humidity recovery) ventilators. The HRV segment accounted for a significant market share in 2020 and the ERV segment is anticipated to expand at a moderate CAGR during the forecast period. The HRV segment held a significant share of the market, due to industrial applications in the chemical, food and beverages, paper, and HVAC industries. Technological advancements in the segment are expected to drive the market. The enthalpy recovery (humidity recovery) ventilators segment is expected to grow at a rapid pace during the forecast period, as it helps to maintain moisture balance by recovering a portion of the humidity from the extract air and transferring it to the supply air. The effect of ERV is detected in airtight buildings with moisture sources (cooking, showering, plants).

Recovery Ventilators Market by functionality

By Technology

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, as they are widely used as an alternative to traditional tube & shell types. These exchangers were initially used in the food and dairy industry for milk pasteurization. Currently, they are preferred in recovery ventilators for residential applications. Twin-tower enthalpy recovery systems are designed for low-temperature applications and are not suitable for high-temperature applications. These systems work well in the summer, even when the outside air temperature is as high as 46°C. Winter supply air temperatures as low as –40°C are handled without freezing or icing problems since the sorbent solution is an effective antifreeze in all useful concentrations. Rising preference of plate heat exchangers is attributed to the increasing construction of residential buildings in Europe.

By Application Areas

Based on application areas, the market is categorized as wall-mounted, ceiling-mounted, cabinet, and others. The ceiling-mounted segment is expected to hold a significant share of the market during the forecast period, due to reduction of the existing wiring and ductwork over the walls, installation cost, and invasiveness. The wall-mounted segment is expected to hold a substantial share of the market during the forecast period, due to its feasibility of installation in buildings without mechanical ventilation systems. Limited and unitized wall-mounted recovery ventilators that vent directly outside the outer wall are preferred in buildings with small duct spaces and without mechanical systems. The cabinet segment is anticipated to grow at a rapid pace during the forecast period. This type of recovery ventilator is mainly integrated into the industrial sector with a life span of more than a decade.

Recovery Ventilators Market by application

By End-Users

In terms of end-users, the heat and energy recover ventilator market is classified into residential, commercial, and industrial. The commercial segment dominated the market and held a significant market share in 2020. The residential segment is estimated to register moderate growth during the forecast period. The commercial segment is projected to expand at a high CAGR, owing to factors such as increased construction activities undertaken by the government to promote urbanization and increased population, which is considered to fuel the demand for ventilation systems. Increasing industrialization, specifically the automobile sector, is a significant contributor to the growth of the market. The industrial segment is expected to grow at a rapid pace during the forecast period, due to ongoing product advancements as a result of exponential industrialization and increasing investments in research and development of energy efficient solutions, resulting in significant expansion of recovery ventilators.

Country Wise Outlook

The market in Europe is segmented into Germany, France, Italy, the UK, Spain, Russia, and Rest of Europe. The market in Europe is expected to hold a significant share during the forecast period. The growth of the market is attributed to rising awareness about the necessity of healthy indoor air. Several changes in legislations and rapid construction of residential buildings in the region fuels the market. According to the legislations, it is mandatory to maintain building standards across Europe, thereby emphasizing on minimizing energy consumption. Moreover, rising energy prices made consumers amenable towards the use of alternate energy sources. Increasing industrialization is expected to fuel the demand for ventilators in the region, due to the ability of these ventilators to maintain humidity and air quality in buildings.

Recovery Ventilators Market by regions

Key Benefits for Industry Participants & Stakeholders

  • In-Depth Analysis of the Recovery Ventilators Market.
  • Historical, Current and Projected Market Size in Terms of Value.
  • 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 From Recovery Ventilators Market Performance

Segments

Key Segments Covered

By Functionality

  • Heat Recovery
  • Energy Recovery
  • Enthalpy Recovery (Humidity Recovery) Ventilators
  • Hybrid/Multi-functional

By Technology

  • Plate Heat Exchanger
  • Heat Pipe Heat Exchanger
  • Rotary Heat Exchanger
  • Run-Around Coil
  • Others

By Application

  • Wall Mounted
  • Ceiling Mounted
  • Cabinet
  • Others

By End-Users

  • Residential
  • Commercial
  • Industrial

 By Countries

  • Germany
  • France
  • Italy
  • U.K.
  • Spain
  • Russia
  • 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
  • Zehndar group
  • Carrier
  • DAIKIN INDUSTRIES, Ltd

Competitive Landscape

  • Key players in the recovery ventilators market are 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, Zehndar group, Carrier, and DAIKIN INDUSTRIES, Ltd.
  • The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to cater the increasing demand for recovery ventilators.
Recovery Ventilators Market by key players
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 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 Recovery Ventilators Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 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 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 Recovery Ventilators Market Size & Forecast, 2018-2028
      4.5.1 Recovery Ventilators Market Size and Y-o-Y Growth
      4.5.2 Recovery Ventilators Market Absolute $ Opportunity
   4.6  Pricing Analysis & Forecast, By Functionality, 2018-2028
   4.7 Europe Recovery Ventilators Market: Impact Of Key Regulations
   4.8  Europe Recovery Ventilators Market: Technological Advancement
   4.9 Shifting Trend from HRV to ERV

   4.10 Pricing Analysis: Europe Recovery Ventilators Market
Chapter 5 Europe Recovery Ventilators Market Size and Volume Analysis  and Forecast By Functionality
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Functionality
      5.1.2 Basis Point Share (BPS) Analysis By Functionality
      5.1.3 Absolute $ Opportunity Assessment By Functionality
   5.2 Recovery Ventilators Market Size Forecast By Functionality
      5.2.1 Heat Recovery
      5.2.2 Energy Recovery
      5.2.3 Enthalpy Recovery (Humidity  Recovery) Ventilators
      5.2.4 Hybrid/Multi-functional
   5.3 Market Attractiveness Analysis By Functionality
Chapter 6 Europe Recovery Ventilators Market Size and Volume Analysis  and Forecast By Technology
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Technology
      6.1.2 Basis Point Share (BPS) Analysis By Technology
      6.1.3 Absolute $ Opportunity Assessment By Technology
   6.2 Recovery Ventilators Market Size Forecast By Technology
      6.2.1 Plate Heat Exchanger
      6.2.2 Heat Pipe Heat Exchanger
      6.2.3 Rotary Heat  Exchanger
      6.2.4 Run-Around Coil
      6.2.5 Others
   6.3 Market Attractiveness Analysis By Technology
Chapter 7 Europe Recovery Ventilators Market Size and Volume Analysis  and Forecast By Application Areas
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Application Areas
      7.1.2 Basis Point Share (BPS) Analysis By Application Areas
      7.1.3 Absolute $ Opportunity Assessment By Application Areas
   7.2 Recovery Ventilators Market Size Forecast By Application Areas
      7.2.1 Wall Mounted
      7.2.2 Ceiling Mounted
      7.2.3 Cabinet
      7.2.4 Others
   7.3 Market Attractiveness Analysis By Application Areas
Chapter 8 Europe Recovery Ventilators Market Size and Volume Analysis  and Forecast By End-Users
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities By End-Users
      8.1.2 Basis Point Share (BPS) Analysis By End-Users
      8.1.3 Absolute $ Opportunity Assessment By End-Users
   8.2 Recovery Ventilators Market Size Forecast By End-Users
      8.2.1 Residential
      8.2.2 Commercial
      8.2.3 Industrial
   8.3 Market Attractiveness Analysis By End-Users
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 Europe Recovery Ventilators Analysis and Forecast
   10.1 Introduction
   10.2 Europe Recovery Ventilators Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
Chapter 11 Competition Landscape
   11.1 Recovery Ventilators Market: Competitive Dashboard
   11.2 Europe Recovery Ventilators Market: Market Share Analysis, 2020
   11.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      11.3.1 CENTROTEC SE
      11.3.2 DRI
      11.3.3 FUJITSU GENERAL
      11.3.4 Heatex
      11.3.5 Klimor
      11.3.6 Komfovent
      11.3.7 Nortek
      11.3.8 SALDA UAB
      11.3.9 LG Electronics
      11.3.10 Panasonic Corporation
      11.3.11 Systemair AB
      11.3.12 ATREA s. r. o.
      11.3.13 Munters
      11.3.14 Mitsubishi Electric Corporation
      11.3.15 Johnson Controls
      11.3.16 Zehndar group
      11.3.17 Carrier
      11.3.18 DAIKIN INDUSTRIES, Ltd

Key Segments Covered

By Functionality

  • Heat Recovery
  • Energy Recovery
  • Enthalpy Recovery (Humidity Recovery) Ventilators
  • Hybrid/Multi-functional

By Technology

  • Plate Heat Exchanger
  • Heat Pipe Heat Exchanger
  • Rotary Heat Exchanger
  • Run-Around Coil
  • Others

By Application

  • Wall Mounted
  • Ceiling Mounted
  • Cabinet
  • Others

By End-Users

  • Residential
  • Commercial
  • Industrial

 By Countries

  • Germany
  • France
  • Italy
  • U.K.
  • Spain
  • Russia
  • 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
  • Zehndar group
  • Carrier
  • DAIKIN INDUSTRIES, Ltd
  • Key players in the recovery ventilators market are 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, Zehndar group, Carrier, and DAIKIN INDUSTRIES, Ltd.
  • The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to cater the increasing demand for recovery ventilators.
Recovery Ventilators Market by key players

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers various Recovery Ventilators market by residential, commercial, and industrial.

According to this Growth Market Reports, the market from recovery ventilators market is likely to register a CAGR of 7.6% during period 2021-2028, with an anticipated valuation of USD 4,701.9 Million by the end of the 2028.

In addition to market size (in USD Million) and Company Market Share (in % for base year 2020), other data such Macro-economic factors, COVID-19 Impact on the recovery ventilators market is available in final report.

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

Increasing government funding for expanding research and development activities in different sectors to promote energy-efficient ventilators is driving the need for recovery ventilators in various sectors such as commercial, industrial, and others.

The industrial segment is expected to grow at a rapid pace during the forecast period, due to ongoing product advancements as a result of exponential industrialization and increasing investments in research and development of energy efficient solutions, resulting in significant expansion of recovery ventilators.

The market is expected to witness sluggish growth with slow increase in terms of demand during 2019-2020 owing to the negative impact of COVID-19 pandemic on the recovery ventilators market.

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

Major Manufactures include 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, Zehndar group, Carrier, and DAIKIN INDUSTRIES, Ltd.