Global Energy Recovery Ventilator Core Market Report (2022 to 2027) - Increasing Demand in New Residential and Commercial Projects Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Energy Recovery Ventilator Core Market by Material Type (Engineered Resin, Fibrous Paper), Shape (Square, Diamond, Hexagon, Wheel), Flow Type (Counter-flow and Crossflow) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The energy recovery ventilator core market is projected to grow from USD 947 million in 2022 to USD 1,360 million by 2027, at a CAGR of 7.5% from 2022 to 2027.

The global market for energy recovery ventilator core are driven by factors such as the rise in residential and commercial construction projects in many developing countries, regulations and energy efficient standards by different government organizations, the necessity to improve indoor air quality in air-tight buildings and changing climate conditions.

By material type, the engineered resin segment is estimated to be the fastest-growing segment of energy recovery ventilator core market during 2022 to 2027

Based on material type, the engineered resin is estimated to be the fastest growing segment during the forecast period. The engineered resin has properties such as higher selectivity for water vapor over other gases, zero air crossover to prevent cross-contamination from the two-air stream, higher durability in wet and freezing conditions, and less susceptibility to degradation by mold and bacteria than other material cores.

The counter-flow inflow type segment is projected to register the highest CAGR during the forecast period

Based on flow type, the counter-flow is projected to register the highest CAGR during the forecast period. This counter-flow energy recovery ventilator core are widely used for many residential and commercial application due to its high efficiency rate. This type of energy recovery ventilator core has an opposite airflow arrangement to maximize heat recovery.

By shape type, the hexagon segment is estimated to be the fastest-growing segment of energy recovery ventilator core market during 2022 to 2027

Based on shape type, the hexagon shape is estimated to be the fastest-growing segment during the forecast period. The hexagon shape is widely used in many ventilation systems around the world. Many leading companies of energy recovery ventilator core manufacture hexagon shape cores. This type of core can be generally used in all applications and has properties such as structural strength and airtightness

The energy recovery ventilator core in North America region is projected to witness the highest CAGR during the forecast period

North America region is projected to register the highest CAGR in the energy recovery ventilator core market from 2022 to 2027. North America is one of the key market for energy recovery ventilator core. The region has high demand for the energy recovery ventilator cores due to the rising demand for good ventilation system, changing regulations to improve indoor air quality and increasing residential projects.

Market Dynamics

Drivers

• Increased Attention to Indoor Air Quality
• Climatic Changes and Environmental Concerns

Restraints

• Noise and Discomfort
• High Initial and Installation Cost

Opportunities

• Increasing Demand in New Residential and Commercial Projects

Challenges

• Frozen Energy Recovery Ventilator Cores
• Challenges Involved in Retrofitting Existing Buildings with Energy Recovery Ventilators

Companies Mentioned

• Beijing Holtop Air Conditioning Co., Ltd.
• Clean Air Nano Tech Co., Ltd.
• Core, Inc.
• Dais Corporation
• Dongguan Houjie Zhengfeng Hardware Factory
• Eri Corporation
• Field Controls LLC
• Gaon Tech
• Greenheck Fan Corporation
• Hangzhou Toplife Energy Resource Technology Co., Ltd.
• Holmak
• Hoval
• Innergy Tech, Inc.
• Karyer Group
• Klingenberg GmbH
• Nantong Deli Purification Equipment Factory Co., Ltd.
• Oji Container Co., Ltd.
• Polybloc Ag
• Recuperator
• Renewaire, LLC
• Ruskin
• Shanghai Shenglin M&E Technology Co., Ltd.
• Shanghai Venttech Refrigeration Equipment Co., Ltd.
• Teasung Co., Ltd.
• Xiamen Air-Erv Technology Co., Ltd.
• Zern Engineering
• Zhejiang Kodisen Environmental Equipment Technology Co., Ltd.
• Zhongshan Fortune-Way Environmental Technology Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/xzq83x