Analysis of Energy Recovery Ventilator Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~8% During 2023–2035 and Attain ~USD 10 Billion by 2035
Research Nester assesses the growth and market size of the global energy recovery ventilator market, which is anticipated to be due to the growing construction of green buildings globally.
New York — April 5, 2023- Research Nester’s recent market research analysis on “Energy Recovery Ventilator Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global energy recovery ventilator market in terms of market segmentation by type, technology type, application, and by region.
Growing Concern for the Indoor Air Quality to Promote Global Market Share of Energy Recovery Ventilator
The global energy recovery ventilator market is estimated to grow majorly due to growing concern for indoor air quality. Poor indoor air quality negatively influences people’s health, productivity, cognitive ability, and general well-being. Energy recovery ventilators’ capacity to exchange stale indoor air for fresh outdoor air, remove all pollutants from the environment, maximize energy efficiency, reduce carbon footprints, and other capabilities are some of the factors propelling this market’s growth over the course of the forecast period. In 2020, globally around 3.2 million died out of bad indoor air quality.
Some of the major growth factors and challenges that are associated with the growth of the global energy recovery ventilator market are:
Growth Drivers:
· Increasing Construction of Green Buildings Around the World
· Growing Consciousness for Indoor Air Quality
Challenges:
The high maintenance cost of energy recovery ventilators and the complex installation mechanism of energy recovery ventilators are some of the major factors anticipated to hamper the global energy recovery ventilator market size.
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https://www.researchnester.com/reports/energy-recovery-ventilator-market/3598
By type, the global energy recovery ventilator market is into ceiling-mount, wall mount, and cabinet. The ceiling-mount segment will garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. With the ability to route wiring and ducting around walls, ceiling mount energy recovery ventilators continue to be in high demand.
By region, the North American energy recovery ventilator market is to generate the highest revenue by the end of 2035. This growth is anticipated by a rise in residential fixed investments and an intensifying need for installing energy recovery ventilators resulting from the presence of harsh climatic conditions in the region
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This report also provides the existing competitive scenario of some of the key players of the global energy recovery ventilator market, including company profiling of Mitsubishi Electric Corporation, Daikin Industries, Ltd., Lennox International, LLC, Nortek Air Solutions, LLC, Dae Ryun Ind. Co. Ltd., and others.
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