Residential Heat and Energy Recovery Ventilators Market

Residential Heat and Energy Recovery Ventilators Market by Technology Types (Plate Heat Exchanger, Rotary Heat Exchanger, and Others), Axis Types (Horizontal, and Vertical) and Country (Germany, France, Italy, U.K., Denmark, Norway, Sweden, Iceland, Spain, Russia, and Rest of Europe)

  • Report ID: CM-129
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 4
  • No. Of Pages: 135
  • Format:
  • Pub. Date: 2020-12-03
  • Share:

Market Outlook:

The Europe residential heat and energy recovery ventilators market was valued at USD 897.2 Million in 2019 and is projected to reach USD 1,334.1 Million by 2027, expanding at a CAGR of 6.3% during the forecast period.

Every residential place requires ventilation, whether natural or mechanical with the use of a heat recovery ventilator (HRV) or energy recovery ventilator (ERV). The recovery of energy from the exhaust air is gaining popularity in cold regions and in modern day buildings and houses that are constructed to be airtight, such as passive houses or LEED certified homes, unlike previously constructed houses that leaked heat and moist into the air. ERVs and HRVs are moderately new to the mainstream home construction. Energy recovery ventilators and heat recovery ventilators are considered as air exchange systems that help improve the quality of indoor air, while minimizing the cost of heating. The key purpose of these ventilators is to retain existing heat and optimizing the content of internal humidity in the air. These mechanical systems use fans, while exhausting stale indoor air to maintain a balanced airflow inside the home. An HRV system draws fresh external air inside the residence and forces stale indoor air out. It retains the temperature from the exhausted air and transfers it to the incoming air; thereby warming the fresh air during the winters, and cooling it during the summers. This helps in the reduction of energy required to carry the newly absorbed air to the internal room temperature. The heat exchange between the two airstreams is completed by conducting them through separate channels in the ventilator. These are some of the factors, which drives the demand for the market.

Europe Residential Heat and Energy Recovery Ventilators Market Key Takeaways

Market Dynamics
Drivers
Increasing awareness regarding the ill effects on health caused by Bad Air Quality

Longer exposure to certain pollutants increases risk of emphysema. The coarse particulate matter (PM10) causes nasal and upper respiratory problems. Fine particles are less than or 2.5 microns diameter (PM2.5), which penetrate deep into the lungs, leading to cardiac arrests, strokes, asthma, bronchitis, pulmonary disorders, and cancers. Increase in PM2.5 exposure can damage a child brain development. Rising awareness about such ill effects on health due to bad air quality increases the inclination toward HRV/ERV, as it improves air quality.

Growing Number of Government Initiatives in Europe
The need for residential heat & energy recovery ventilators in Europe is expected to grow during forecast period, as governments across the region are introducing energy policies that encourage the use of alternative and clean-energy solutions. The process of achieving the Sustainable Development Goals adopted by the UN in September 2015 enable countries in the region to reduce fossil fuels and focus on renewable energy production by meeting the UN’s objectives by 2030. This, in turn, boosts the market in the region.

Restrains
Complex Installation Process of Residential Heat & Energy Recovery Ventilators

The HRV/ERV systems require complex installation procedures, which is a key factor limiting the growth of the market. The integration of heat & energy recovery ventilators is difficult in old establishments, which may not have ventilator installation spaces. Incorrect location of these systems can reduce the intake of outdoor air and prevent airflow, resulting in contaminated air being changed with the purified air. In particular, the system needs an additional significant duration for air conduction, depending on the nature and installation of residential heat & energy recovery ventilator. The ducts need to be screened and isolated from external dirt and dust, which increases product maintenance. This increases direct and indirect costs associated with HRVs and ERVs, thus hampering the market.

Segmental Outlook

On the basis of technology types, the market is segmented into plate heat exchanger, rotary heat exchanger, and others. The plate heat exchanger residential heat and energy recovery ventilators segment accounted for over 2/3rd share of the market in 2019. The rapid growth of the plate heat exchanger segment is attributed to the adoption of plate heat exchanger as, it helps in reaching surface exchange areas up to thousands of square meters. These are some of the factors, which contributes for the demand for the plate heat exchange.

Europe Residential Heat and Energy Recovery Ventilators Market By Technology Type

In terms of axis types, the Europe residential heat and energy recovery ventilators market is segregated into horizontal and vertical. Vertical segment is anticipated to expand at a CAGR of 6.4% during the forecast period. The vertical segment provides better energy management than its counterpart. Moreover, thermal performance of horizontally placed ventilators is considered to be not as good as the vertical ones, indicating an uneven distribution of water film in the exhaust air channels. Moreover, in Europe, where most places are dry, vertical installed recovery ventilators are preferred over its counterpart due to its performance edge.

Europe Residential Heat and Energy Recovery Ventilators Market By Axix Type

Regional Outlook

In terms of countries, the Europe residential heat and energy recovery ventilators market is fragmented into Germany, France, U.K., Italy, Denmark, Norway, Sweden, Finland, Iceland, Spain, Russia, and Rest of Europe. Germany constituted one fourth share in 2020. The market in the Denmark is projected to expand at a CAGR of 6.9% during the forecast period. Introduction of new technology and rising adoption of the residential heat energy recovery ventilators in homes and offices are some of the factors, which contributes for the growth of the Europe Residential Heat and Energy Recovery Ventilators market in Denmark.

Europe Residential Heat and Energy Recovery Ventilators Market By Country

Competitive Landscape

  • Key players in the market include CENTROTEC SE, DAIKIN INDUSRIES, Ltd, DRI, FUJITSU GENERAL, Heatex, Johnson Controls, Klimor Sp. z o.o, Komfovent, LG Electroncis, Nortek Air Solutions, LLC, SALDA UAB, Panasonic Corporation, Systemair AB, Zehnder Group AB, ATREA s.r.o. These companies are considered manufacturers of Europe Residential Heat and Energy Recovery Ventilators market based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
  • The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the is added in the company’s capacity.
  • For Instance, In April 2020, CENTROTEC SE's subsidiary Wolf GmbH announced plans to expand its product portfolio with the models CGB-2-38 and CGB-2-55.
  • For instance, In March 2015, CENTROTEC SE's subsidiary acquired PRO-KLIMA, a Croatia-based air conditioning and ventilation device manufacturer.

Europe Residential Heat and Energy Recovery Ventilators Market By Key Players

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Europe residential heat and energy recovery ventilators 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 residential heat and energy recovery ventilators market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Residential Heat and Energy Recovery Ventillators 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 Ventillators Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Residential Heat and Energy Recovery Ventillators 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 Ventillators 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 Ventillators Market Size & Forecast, 2017-2027
      4.5.1 Residential Heat and Energy Recovery Ventillators Market Size and Y-o-Y Growth
      4.5.2 Residential Heat and Energy Recovery Ventillators Market Absolute $ Opportunity
   4.6 Pricing Analysis & Forecast, By Technology Type, 2017-2027
Chapter 5 Europe Residential Heat and Energy Recovery Ventillators Market Analysis and Forecast By Technology Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Technology Type
      5.1.2 Basis Point Share (BPS) Analysis By Technology Type
      5.1.3 Absolute $ Opportunity Assessment By Technology Type
   5.2 Residential Heat and Energy Recovery Ventillators Market Size & Volume Forecast By Technology Type
      5.2.1 Plate Heat Exchanger
      5.2.2 Rotary Heat Exchanger
      5.2.3 Others
   5.3 Market Attractiveness Analysis By Technology Type
Chapter 6 Europe Residential Heat and Energy Recovery Ventillators Market Analysis and Forecast By Axis Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Axis Type
      6.1.2 Basis Point Share (BPS) Analysis By Axis Type
      6.1.3 Absolute $ Opportunity Assessment By Axis Type
   6.2 Residential Heat and Energy Recovery Ventillators Market Size & Volume Forecast By Axis Type
      6.2.1 Horizontal
      6.2.2 Vertical
   6.3 Market Attractiveness Analysis By Axis Type
Chapter 7 Coronavirus Disease (COVID-19) Impact
   7.1 Introduction
   7.2 Current & Future Impact Analysis
   7.3 Economic Impact Analysis
   7.4 Government Policies
   7.5 Investment Scenario
Chapter 8 Europe Residential Heat and Energy Recovery Ventillators Analysis and Forecast
   8.1 Introduction
   8.2 Europe Residential Heat and Energy Recovery Ventillators Market Size Forecast by Country
      8.2.1 Germany
      8.2.2 France
      8.2.3 Italy
      8.2.4 U.K.
      8.2.5 Denmark
      8.2.6 Sweden
      8.2.7 Finland
      8.2.8 Iceland
      8.2.9 Spain
      8.2.10 Russia
      8.2.11 Rest of Europe
   8.3 Basis Point Share (BPS) Analysis by Country
   8.4 Absolute $ Opportunity Assessment by Country
   8.5 Market Attractiveness Analysis by Country
   8.6 Europe Residential Heat and Energy Recovery Ventillators Market Size & Volume Forecast By Technology Type
      8.6.1 Plate Heat Exchanger
      8.6.2 Rotary Heat Exchanger
      8.6.3 Others
   8.7 Basis Point Share (BPS) Analysis By Technology Type
   8.8 Absolute $ Opportunity Assessment By Technology Type
   8.9 Market Attractiveness Analysis By Technology Type
   8.10 Europe Residential Heat and Energy Recovery Ventillators Market Size & Volume Forecast By Axis Type
      8.10.1 Horizontal
      8.10.2 Vertical
   8.11 Basis Point Share (BPS) Analysis By Axis Type
   8.12 Absolute $ Opportunity Assessment By Axis Type
   8.13 Market Attractiveness Analysis By Axis Type
Chapter 9 Competition Landscape
   9.1 Residential Heat and Energy Recovery Ventillators Market: Competitive Dashboard
   9.2 Europe Residential Heat and Energy Recovery Ventillators Market: Market Share Analysis, 2019
   9.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      9.3.1 CENTROTEC SE
      9.3.2 DAIKIN INDUSTRIES, Ltd
      9.3.3 DRI
      9.3.4 FUJITSU GENERAL
      9.3.5 Heatex
      9.3.6 Johnson Controls
      9.3.7 Klimor Sp.z o o
      9.3.8 Komfovent
      9.3.9 LG Electronics
      9.3.10 Nortek Air Solutions, LLC
      9.3.11 SALDA UAB
      9.3.12 Panasonic Corporation
      9.3.13 Systemair AB
      9.3.14 Zehnder Group AB
      9.3.15 ATREA s.r.o
Key Segments Covered
By Technology Types
  • Plate Heat Exchanger
  • Rotary Heat Exchanger
  • Others
By Axis Types
  • Horizontal
  • Vertical
By Region
  • Europe
    • U.K
    • France
    • Germany
    • Italy
    • Denmark
    • Norway
    • Sweden
    • Finland
    • Iceland
    • Spain
    • Russia
    • Rest of the Europe

Key Market Players Profiled in the Report
  • CENTROTEC SE
  • DAIKIN INDUSTRIES, Inc.
  • DRI
  • FUJITSU GENERAL
  • Lonza Group Ltd
  • Heatex
  • Johnson Controls
  • Klimor Sp. z o.o
  • Komfovent
  • LG Electronics
  • Nortek Air solutions,LLC
  • SALDA UAB
  • Panasonic Corporation
  • Systemair AB
  • Zehnder Group AB
  • ATREA s.r.o

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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 product specific information such as plate heat exchanger, rotary heat exchanger, etc.

According to this Growth Market Reports report, the market from Europe residential heat and energy recovery ventilators market shall probably to register a CAGR of 6.3% during forecast period 2020-2027, with an anticipated valuation of USD 1,334.1 million by the end of the 2027.

The rising demand for the heat and energy recovery ventilators has led to the rise in the adoption of these ventilators for the removing humidity and clearing the air, these are expected to drive the market growth during forecast period.

Horizontal and Vertical axis are the key axis that are driving the Europe residential heat and energy recovery ventilators market.

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

The market is expected to have a decline of over 9% between 2019 and 2020 owing to the negative impact of COVID-19 pandemic on the Europe residential heat and energy recovery ventilators market.

The base year considered for the Europe residential heat and energy recovery ventilators market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Major Manufactures include, Centrotec SE, Daikin, and FUJITSU GENERAL are the key players operating in the market.