July 20, 2022 08:00 ET | Source: FACT.MR FACT.MR

United States, Rockville MD, July 20, 2022 (GLOBE NEWSWIRE) -- Fact.MR Industrial Goods Research Division, in its recent publication on the global heat recovery ventilator (HRV) market, has positioned it as a moderate growth, high dollar opportunity market, with an absolute dollar opportunity of US$ 4.2 Bn. Heating, ventilation, and air conditioning (HVAC) unit sales are soaring every quarter, thereby driving strong sales for allied industries.

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. 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.

While the world is concerned about global warming, there has been significant progress in the construction and maintenance of buildings, which have been identified as micro contributors to climate change. The number of green buildings is growing, with efficient heat recovery systems such as heat recovery ventilators replacing other component installations such as exhaust fans.

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Key Takeaways from Market Study

“With efficient ventilation turning out to be inevitable in the building and construction industry, the heat recovery ventilator market is poised to grow on a splendid note in the next 10 years” says a Fact.MR analyst.

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The key participants in heat recovery ventilator market include ELIM Electronics, Panasonic Corporation, LG Electronics, Mitsubishi Electric, Daikin Industries, Ltd., and Fujitsu General.

Key Segments of Heat Recovery Ventilator Industry Research

Key Questions covered in the Heat recovery ventilator Market Report

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Fact.MR, in its new offering, presents an unbiased analysis of the global heat recovery ventilator market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by mounting (wall-mounted, ceiling-mounted, and cabinet-mounted), by venting (horizontal and vertical), by control (automatic and manual), by air flow (below 100 cfm, 100-150 cfm, 150-200 cfm, 200-250 cfm, and above 250 cfm), by type of heat exchanger (cross flow plates, counterflow plate heat plates, and rotating heat exchangers), by end-use (residential, commercial, and industrial), and by region (North America, LATAM, Europe, East Asia, South Asia & Oceania, and MEA).

Fact.MR’s Domain Knowledge in Industrial Goods

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs.

With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the industrial goods division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.

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