North America Energy Recovery Ventilator Market

North America Energy Recovery Ventilator Market Size (2024-2032):

The size of the north america energy recovery ventilator market was worth USD 1.02 billion in 2023. The North America market is anticipated to grow at a CAGR of 11.82% from 2024 to 2032 and be worth USD 2.79 billion by 2032 from USD 1.14 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

North America Energy Recovery Ventilator Market Analysis By Technology Type

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.

North America 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

The North America Energy Recovery Ventilator Market has been fragmented into countries like the United States and Canada. North America leads the Energy recovery Ventilator market due to the presence of a large number of companies operating in the market. The developing demand for energy recovery ventilators from the residential and business sectors in addition to the implementation of various government regulations pertaining to the improved use of electricity-efficient gadgets which includes energy recovery ventilators are anticipated to fuel the development of the market in this region.

KEY PLAYERS IN THE NORTH AMERICA ENERGY RECOVERY VENTILATOR MARKET

Companies playing a prominent role in the north america 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 NORTH AMERICA ENERGY RECOVERY VENTILATOR MARKET IS INCLUDED IN THIS REPORT

This north america 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 Country

• United States
• Canada
• Mexico