The size of the europe energy recovery ventilator market was worth USD 0.87 billion in 2023. The europe market is anticipated to grow at a CAGR of 11.22% from 2024 to 2032 and be worth USD 2.27 billion by 2032 from USD 0.97 billion in 2024.
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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
11.22% |
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Segments Covered |
By Technology Type, Application, and Region. |
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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 |
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Regions Covered |
UK, France, Germany, Spain, Italy, Switzerland, Denmark, Sweden, Netherlands, Turkey, The Czech Republic and the Rest of Europe |
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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. |
Based on technology type, the market is categorized into Plate Heat Exchanger, Heat Pipe Heat exchangers, Rotary Heat Exchanger, and Run-Around Coil. 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 compact layout.
Run-Around Coil 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.
France and the UK lead this regional market due to the presence of a large number of companies and commercial building construction programs.
Companies playing a prominent role in the europe 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.
By Technology Type
By Application
By Country
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