North America Residential Heat Recovery Ventilators Market

North America Residential Heat Recovery Ventilators Market

Segments - North America Residential Heat Recovery Ventilators (HRV) Market by Types (Wall mounted and central), Applications (New Homes and Retrofit Projects), Air Flow Volumes (0-100 cfm, 100-150 cfm, 150-200 cfm, 200-250 cfm, and 250-1500 cfm), By North America (US and Canada) - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author : Raksha Sharma
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Upcoming | Report ID :CM-2475 | 4.2 Rating | 73 Reviews | 135 Pages | Format : PDF Excel PPT

Report Description


North America Residential Heat Recovery Ventilators Market Outlook

The North America Residential Heat Recovery Ventilators (HRV) market was valued at USD 303.7 Million in 2020 and is projected to reach USD 473.3 Million by 2028, expanding at a CAGR of 6.1% during the forecast period. A heat recovery ventilator (HRV) is a ventilation system, which delivers fresh air by balancing humidity within the room area and eliminating polluted indoor air. It is sometimes referred to as HRV ventilation system or HRV air exchanger or mechanical ventilation.

It collects pollutants, pollen, and other potentially dangerous particles to guarantee that only fresh air reaches the available room area. An HRV is built in areas with high concentration of people. It helps to reduce utility costs and collect energy in the building. A heat recovery ventilator introduces fresh air into the building or rooms, decreases CO2 levels, and keeps people alert and healthy. It aids in odor management by allowing stale air to be evacuated and new air to enter the structure.

North America Residential Heat Recovery Ventilator (HRV) Market Outlook

The key purpose of an HRV is to deliver passive homes with a ventilation system, which takes away humid and stale air and delivers fresh air into the home. Some of the key benefits of installing an HRV includes:

  • Removal and filtering of formaldehyde, allergens, and other toxins from indoor spaces
  • Improves respiration for asthma sufferers
  • Reduces bathroom, cooking, kitchen and pet odors
  • Boosts energy efficiency of homes
  • Mitigating mildew and mold risks
  • Keeps temperatures consistent
  • Traps and recalculates pollutants.

North America Residential Heat Recovery Ventilators Market Dynamics

Various rules and regulations by the government to reduce energy consumption in buildings are projected to drive the demand for Residential Heat Recovery Ventilators (HRV) during the forecast period. HRV systems supply fresh air to living spaces at uncomfortable temperatures. As a result, occupants turn off the unit or use it intermittently. This poses a concern; as indoor air quality is hampered without constant ventilation.

According to the United States Environmental Protection Agency (EPA), buildings use around 40% of the annual energy consumption and nearly 75% of the electricity demand in the US. Moreover, buildings account for nearly 30% of the total carbon dioxide, which is the main greenhouse gas related to atmospheric warming, approximately 25% of the nitrogen oxides, and 49% of the sulfur dioxide emitted in the US; thus, the need to decrease energy consumption in buildings is essential in order to meet environmental and national energy challenges.

Growing need to reduce energy consumption in residential buildings is anticipated to boost the demand for Residential Heat Recovery Ventilators (HRV) during the forecast period.


HRV systems save energy, which reduces utility bills. A heat exchanger transfers heat from the exhaust air to the incoming air. Heat recovery ventilators are up to 95% efficient, which saves energy. This helps to reduce the size of the HVAC equipment, as it reduces the work of the HRV unit to heat and cool the intake air.

High-speed operation is often triggered when humidity levels rise, such as when the kitchen or bathroom is in use, or during a party with high numbers of occupants. High-speed operation is used to quickly expel noxious chemicals such as cigarette smoke or emissions during house construction and exhaust pollutants such as VOCs and formaldehyde.

Demand for replacing and modernizing existing equipment, regulatory changes, the level of housing starts, and manufactured housing shipments are the principal factors that affect the market for residential HVAC products. Demand for replacement of outdated products is anticipated to continue to exceed the demand for new products, as a large number of previously installed heating and cooling products become outdated or reach the end of their useful lives.

Demand for residential cooling products is affected by spring and summer temperatures; however, the seasonal effects are less dramatic than those experienced in the window air conditioning market.


HRV systems require complicated installation procedures, which is a key factor limiting the market growth. Integration of heat recovery fans is difficult in old facilities without space for installing fans. The wrong position of these systems reduces the intake of outdoor air and prevents airflow, causing the polluted air to be changed by the purified air. The system requires a large amount of additional air conduction for longer duration, depending on the nature and installation of residential heat recovery ventilators. The pipe needs to be shielded and isolated from external dirt and dust, which increases product maintenance.

Proper maintenance of HRV is critical. Filters should be cleaned and/or replaced every 3 months and the exterior exhaust and intake hoods and screens should be inspected and cleaned at least once per year, which increases the cost. HRV systems are not always installed in adherence with best practices. Most homeowners do not understand or follow usage and maintenance guidelines for their HRV units.

Rising demand for heat recovery ventilators and increasing competition are expected to influence continuous product developments, due to accelerated industrialization and rising investments in research and development of eco-friendly solutions. Companies are trying to introduce new technologies in products to attract consumers interested in sustainable products. Companies are also trying to reduce the cost of the product, which will help them to get an additional advantage in the competitive market.

Increasing innovations in heat recovery ventilators to meet the customized ventilation requirements of various end users act as an opportunity for the growth of the heat recovery ventilator market.

North America Residential Heat Recovery Ventilators Segmental Outlook

Based on types, the Residential Heat Recovery Ventilators (HRV) market is divided into wall mounted and central mounted. The central segment accounted for a significant share of the market in 2019, owing to its rising demand as government has mandatory to install the HRV.

North America Residential Heat Recovery Ventilator (HRV) Market Type

Based on applications, the market is divided into new homes and retrofit projects. The new homes segment is projected to grow at a considerable CAGR of 6.3% during the forecast period. This growth is attributed to the increasing demand for green buildings and rising awareness about Indoor Air Quality (IAQ).

On the basis of air flow volume, the Residential Heat Recovery Ventilators (HRV) market is classified as 0-100 cfm, 100-150 cfm, 150-200 cfm, 200-250 cfm, and 250-1500 cfm. The 0-100 cfm segment is projected to grow at a considerable 6.4% CAGR during the forecast period. This growth is attributed to the increasing demand for Energy Recovery Ventilators (HRV) in small homes with 0-5 bedrooms and low cost associated with 0-100 cfm HRV as compared to other airflow volumes.

North America Residential Heat Recovery Ventilator (HRV) Market Air Flow Volumes

Regional Outlook

In terms of countries, the North America Residential Heat Recovery Ventilators (HRV) market is fragmented into US and Canada. The US is a promising country of the market. The Residential Heat Recovery Ventilators (HRV) market is expected to expand at a substantial pace in the US owing to the implementation and formulation of government rules involving the employment of HRV in green buildings along with retrofitting the existing buildings with Residential Heat Recovery Ventilators.

Moreover, increasing investment in the residential sector is projected to boost the requirement for installation of heat recovery ventilators in the US to offer a healthy and safe indoor environment across the sector.

 North America Residential Heat Recovery Ventilators (HRV) Market Region

Key Benefits for Industry Participants & Stakeholders

  • In-depth analysis of the North America Residential Heat Recovery Ventilators (HRV) market
  • Historical, current and projected market size in terms of value (USD million), volume (tons)
  • 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 North America Residential Heat Recovery Ventilators (HRV) market performance

Segments

By Types

  • Wall mounted
  • Central mounted

By Applications

  • New Homes
  • Retrofit Projects

By Air Flow Volumes

  • 0-100 cfm
  • 100-150 cfm
  • 150-200 cfm
  • 200-250 cfm
  • 250-1500 cfm

By Countries

  • U.S.
    • Northeast
    • Southeast
    • Midwest
    • Southwest
    • West
  • Canada
    • The Atlantic Provinces
    • Central Canada
    • The Prairie Provinces
    • The West Coast
    • The Northern Territories

Key Players

Competitive Landscape

  • Key players in the Residential Heat Recovery Ventilators (HRV) market include Zehnder Group AG, Field Controls, LLC, Lennox International Inc., Vents-US, Airia Brands Inc (Lifebreath), blauberg-na, Carrier, Fantech, Venmar, Nu Air.
  • Zehnder Group AG started a local sourcing initiative using North America based manufacturing for its new ComfoFlex ducting and register boxes, as the demand for Zehnder Heat Recovery Ventilator (HRV) and Energy Recovery Ventilator (ERV) Comfosystems increased significantly in the market in the US over the past few years.
North America Residential Heat Recovery Ventilator (HRV) Market Key Players

Frequently Asked Questions

Additional company profiles can be provided on request.

Yes, the report provides supply chain analysis along with a list of raw material suppliers, manufacturers, distributors, and customers.

According to this Growth Market Reports report, the market from Residential Heat Recovery Ventilators (HRV) is likely to register a CAGR of 6.9% during forecast period 2020-2027, with an anticipated valuation of USD 473.3 million by the end of the 2028.

In addition to market size (in USD Million), company market share (in % for base year 2020), other data such macro-economic factors and COVID-19 impact on the value chain are also available in the final report.

The applications in the North America Residential Heat Recovery Ventilators (HRV) market include new homes and retrofit projects.

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

The demand for Residential Heat Recovery Ventilators (HRV) is expected to continue to increase over the forecast period, taking into account to the increasing construction of green buildings, rising awareness about indoor air quality (IAQ), and regulations.

The market is expected to witness a decrease of over 0.2% between 2019 and 2020 owing to the adverse impact of COVID-19 pandemic on the Residential Heat Recovery Ventilators (HRV) market.

The base year considered for the North America Residential Heat Recovery Ventilators (HRV) 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 Zehnder Group AG, Lennox International Inc., Carrier, Field Controls, LLC.

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Residential Heat Recovery Ventilators (HRV) 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 Recovery Ventilators (HRV) Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Residential Heat Recovery Ventilators (HRV) 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 Recovery Ventilators (HRV) 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 North America Residential Heat Recovery Ventilators (HRV) Market Size & Forecast, 2018-2028
      4.5.1 Residential Heat Recovery Ventilators (HRV) Market Size and Y-o-Y Growth
      4.5.2 Residential Heat Recovery Ventilators (HRV) Market Absolute $ Opportunity
   4.6 North America Residential Heat Recovery Ventilators (HRV) Market: Impact Of Key Regulations
   4.7 Technological scenario
   4.8 Demand difference between: Cold vs Hot & Humid climate zones

Chapter 5 North America Residential Heat Recovery Ventilators (HRV) Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Residential Heat Recovery Ventilators (HRV) Market Size Forecast By Type
      5.2.1 Wall-mounted
      5.2.2 Central
   5.3 Market Attractiveness Analysis By Type
Chapter 6 North America Residential Heat Recovery Ventilators (HRV) Market Analysis and Forecast By Airflow Volume
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Airflow Volume
      6.1.2 Basis Point Share (BPS) Analysis By Airflow Volume
      6.1.3 Absolute $ Opportunity Assessment By Airflow Volume
   6.2 Residential Heat Recovery Ventilators (HRV) Market Size Forecast By Airflow Volume
      6.2.1 0-100 cfm
      6.2.2 100-150 cfm
      6.2.3 150-200 cfm
      6.2.4 200-250 cfm
      6.2.5 250-cfm-1500 cfm
   6.3 Market Attractiveness Analysis By Airflow Volume
Chapter 7 North America Residential Heat Recovery Ventilators (HRV) Market Analysis and Forecast By Application
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Application
      7.1.2 Basis Point Share (BPS) Analysis By Application
      7.1.3 Absolute $ Opportunity Assessment By Application
   7.2 Residential Heat Recovery Ventilators (HRV) Market Size Forecast By Application

      7.2.1 New homes
      7.2.2 Retrofit Projects
   7.3 Market Attractiveness Analysis By Application
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 North America Residential Heat Recovery Ventilators (HRV) Analysis and Forecast
   9.1 Introduction
   9.2 North America Residential Heat Recovery Ventilators (HRV) Market Size Forecast by Country
      9.2.1 U.S*Northeast|Southeast|Midwest|Southwest|West
      9.2.2 Canada*The Atlantic Provinces
      9.2.3 Central Canada
      9.2.4 The Prairie Provinces
      9.2.5 The West Coast
      9.2.6 The Northern Territories
   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 Recovery Ventilators (HRV) Market: Competitive Dashboard
   10.2 North America Residential Heat Recovery Ventilators (HRV) Market: Market Share Analysis, 2020
   10.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      10.3.1 Zehnder Group AG
      10.3.2 Field Controls, LLC
      10.3.3 Lennox International Inc.
      10.3.4 Vents-US
      10.3.5 Airia Brands Inc (Lifebreath)
      10.3.6 blauberg-na
      10.3.7 Carrier
      10.3.8 Fantech (Systemair AB)
      10.3.9 Venmar
      10.3.10 Nu Air

Methodology

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