DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Energy Recovery Ventilator Market by Technology, Application, Region - Global Forecast to 2021" report to their offering.
The global energy recovery ventilator market is projected to reach USD 3.39 billion by 2021, at a CAGR of 11.4% between 2016 and 2021.
Favorable economic conditions especially in the U.S., growing concerns related to greenhouse gas emissions, and support from government through federal tax credit have led to the increasing deployment of energy recovery ventilator systems in various applications across several sectors such as commercial and residential.
The major reason behind the growth of commercial sector is the increasing penetration of energy recovery ventilators in commercial buildings such as gyms, hotels, offices, and laboratories in comparison to the residential segment. Furthermore, growing demand for energy-efficient devices globally also drives the commercial segment, which is focused on reducing costs through energy efficiency.
The energy recovery ventilator market in North America is projected to register the highest CAGR between 2016 and 2021. This high growth can be attributed to the growing initiatives by government and non-government organizations for the adoption of energy recovery ventilators.
The federal government mandates energy recovery ventilation systems in federal buildings and recommends that schools and small businesses consider the use of energy recovery ventilation. Also, the growing concerns towards energy saving and minimizing cost related to energy consumption drives the installation of energy recovery ventilator systems in North America region.
- Mitsubishi Electric Corporation, Ltd.
- DRI Innovative Solutions
- Munters Corporation
- Nortek Air Solutions
- Renewaire, LLC
- Ruskin Rooftop System
Zehnder America, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Energy Recovery Ventilator Market, By Technology
7 Energy Recovery Ventilator Market, By Application
8 Energy Recovery Ventilator Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/m7m54c/energy_recovery