Asia Pacific Energy Recovery Ventilator Market Research Report By Technology Type (Plate Heat Exchanger, Heat Pipe Heat Exchanger, Rotary Heat Exchanger, Run-Around Coil), By Country – (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC), By Application (Commercial, Residential), Asia Pacific Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2024 to 2033

Updated On: June, 2024
ID: 7771
Pages: 130

Asia Pacific Energy Recovery Ventilator Market Size

The size of the Asia Pacific energy recovery ventilator market was worth USD 2.32 billion in 2024. The Asia Pacific market is anticipated to grow at a CAGR of 13.20% from 2025 to 2033 and be worth USD 7.08 billion by 2033 from USD 2.63 billion in 2025.

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

REPORT METRIC

DETAILS

Market Size Available

2024 to 2033

Base Year

2024

Forecast Period

2025 to 2033

CAGR

13.20%

Segments Covered

By Technology Type, Application, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

China, India, Japan, South Korea, Australia, New Zealand, Thailand, Indonesia, Philippines, Vietnam, Singapore, Rest of APAC.

Market Leaders Profiled

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.

 

SEGMENT ANALYSIS

By Technology Type Insights

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.

By Application Insights

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.

REGIONAL ANALYSIS

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

KEY PLAYERS IN THE 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.

MARKET SEGMENTATION

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

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Frequently Asked Questions

What is driving the growth of the Asia Pacific Energy Recovery Ventilator (ERV) market?

The market is growing due to increasing urbanization, rising awareness about indoor air quality, government regulations on energy efficiency, and the expansion of commercial and residential construction projects.

How do government regulations influence the ERV market in Asia Pacific?

Governments have introduced building energy codes and green building certifications that mandate energy-efficient ventilation systems, driving the adoption of ERVs.

How is technological innovation shaping the ERV market in Asia Pacific?

Advancements such as smart ERV systems integrated with IoT, automated air quality monitoring, and higher efficiency heat exchangers are improving adoption rates.

What is the future outlook for the Asia Pacific ERV market?

The market is expected to grow steadily with increasing demand for energy-efficient ventilation, smart building solutions, and stricter environmental regulations.

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