BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research examines the global market for airside energy efficient heating, ventilation, and air conditioning (HVAC) systems, with a focus on airside economizers and energy recovery ventilation systems (ERVs). Market forecasts, broken out by region and building type, extend through 2025.
The airside energy efficiency market is expanding globally as the need for higher ventilation competes with the need for lower energy costs. Installing airside energy efficient systems is a relatively inexpensive way to ensure continued savings, especially in highly conditioned buildings such as data centers. Click to tweet: According to a new report from @NavigantRSRCH, the global airside energy efficient HVAC market is expected to grow from $2.7 billion in 2016 to $4.4 billion in 2025.
“The climate of the geography where a facility is located, as well as building use, is a key determinant for airside energy efficiency technology,” says Benjamin Freas, principal research analyst with Navigant Research. “Economizers tend to perform best in buildings in mild climates, particularly where the cooling load is high and there are many annual hours of free cooling. ERVs, on the other hand, tend to save the most energy in cold and humid climates and in buildings with many occupants that benefit from the preconditioning.”
North America and Europe, markets with stricter energy efficiency regulations, are expected to grow rapidly during the next decade, with Europe accounting for more than half of the ERV market by 2025. Other global regions, such as Asia Pacific, will experience growth primarily as cities become denser and the building stock expands, according to the report.
The report, Airside Energy Efficiency for HVAC Systems, analyzes the global market for airside energy efficient HVAC systems, with a focus on airside economizers and ERVs. The study provides an analysis of the market issues, including drivers and barriers, associated with airside energy efficiency. Global market forecasts for airside economizers and ERVs, broken out by region and building type, extend through 2025. The report also examines the key technologies related to airside energy efficiency, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Airside Energy Efficiency for HVAC Systems, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.