Demand for Heat Recovery Ventilation Systems Is Set to Cross US$ 7.7 Billion by 2033

The global heat recovery ventilator market is estimated at US$ 3.7 Bn in 2022, and is forecast to reach US$ 7.7 Bn by the end of 2032, increasing at a CAGR of 7.4% over the 2022-2032 assessment period.As per latest analysis by Fact.MR, heat recovery ventilator sales accounted for 6%-8%, which is predicted to rise to 10%-12% by 2032. This is due to increasing application of heat recovery ventilators in end-use verticals such as automotive, aerospace, and machinery manufacturing.

The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and a far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Heat Recovery Ventilator Market both at worldwide and provincial levels.

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Market Players: –

• Panasonic Corporation
• Mitsubishi Electric
• Fujitsu General
• Johnson Controls
• Honeywell International Inc
• Daikin Industries, Ltd
• LG Electronics

Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.

How are Ventilation Regulations across Key Countries Driving Heat Recovery System Demand?

In Canada, all new homes needs to be equipped with HRVs. These save significant volumes of energy, thereby reducing GHG emissions created while re-heating cold and fresh air.

In European countries, Spain, Belgium, Italy, France, the U.K., Germany, Ireland, Sweden, Netherlands, Denmark, and Poland have either recommendations or regulations towards ventilation standards for new dwellings as well as for light commercial applications. This, alongside indoor air quality, has brought the agenda of energy efficiency to the fore, consequently augmenting demand for heat exchangers, including heat recovery ventilators

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

How Fact.MR Assists in Making Strategic Moves?

The data provided in the  Heat Recovery Ventilator Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.