Asia Pacific Energy Recovery Ventilator Market

Asia Pacific Energy Recovery Ventilator Market Size (2024-2032):

The size of the Asia Pacific energy recovery ventilator market was worth USD 2.05 billion in 2023. The Asia Pacific market is anticipated to grow at a CAGR of 13.20% from 2024 to 2032 and be worth USD 6.26 billion by 2032 from USD 2.32 billion in 2024.

MARKET SCENARIO

Energy Recovery Ventilator is the energy recovery procedure of exchanging energy in a normally exhausted building and utilizing it to treat the incoming airflow in residential and commercial HVAC structures. In warmer seasons, the machine pre-cools and dehumidifies while humidifying and pre-heating during the cooler seasons. This technique is useful for meeting the ASHRAE airflow & power requirements while improving indoor air quality and lowering overall HVAC system capacity simultaneously. The growing awareness regarding workplace conditions and employee welfare is leading to the high adoption of electricity-healing ventilators throughout industries, leading to the market’s dominance in the commercial zone. In terms of quantity, the call for energy-healing ventilators from the commercial sector has been increasing rapidly. Then again, the high value associated with these ventilators may be a predicament to the market’s boom during the forecast period.

REPORT COVERAGE

SEGMENT ANALYSIS

Asia Pacific Energy Recovery Ventilator Market Analysis By Technology Type

The Plate Heat Exchanger is estimated to account for the biggest proportion of the energy recovery ventilator market in 2023. The growth of this section of the market may be attributed to numerous factors such as the enhanced performance of plate warmness exchangers to transfer heat, ease in their upkeep, and their compact layout.

Asia Pacific Energy Recovery Ventilator Market Analysis By Application

The commercial phase is anticipated to account for the largest share of the energy recovery ventilator market in 2023. Energy Recovery ventilators introduce pre-tempered air into the primary air conditioner devices. These structures assist in stabilizing the humidity level of the indoor air. Hence, there is an excessive call for these Energy Recovery ventilators in the commercial segment.

GEOGRAPHICAL ANALYSIS

China and South Korea lead the market in this region, closely trailed by Japan and Australia.

KEY PLAYERS IN THE ASIA PACIFIC ENERGY RECOVERY VENTILATOR MARKET

Companies playing a prominent role in the asia pacific energy recovery ventilator market include Mitsubishi Electric Corporation (Japan), Daikin (Japan), Panasonic Corporation (Japan), Lg Electronics (South Korea), Johnson Controls (Us), Munters (Sweden), Fujitsu General (Japan), Carrier Corporation (Us), Nortek Air Solutions (Us), Greenheck Fan (Us), and Others.

DETAILED SEGMENTATION OF THE ASIA PACIFIC ENERGY RECOVERY VENTILATOR MARKET IS INCLUDED IN THIS REPORT

This asia pacific energy recovery ventilator market research report has been segmented and sub-segmented based on technology type, application, and region.

By Technology Type

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

By Application

• Commercial
• Residential

By Region

• China
• India
• Japan
• South Korea
• Australia