Energy Recovery Ventilators Market - Indoor Air Quality for Health Consideration

Posted by RASHMI on April 10th, 2019

Characterized by the presence of a handful of dominant players, namely United Technologies Corp., LG Electronics, Daikin Industries Ltd., Fujitsu Ltd., and Munters Corp., the global energy recovery ventilators market features intense competition, reveals Transparency Market Research (TMR) in a new report.

Going forward, the rising number of players seeking entry will further intensify competition in the market. Expansion of product portfolio which has been the focus of established companies to surge ahead is also projected to deepen competition in the market. Mergers and acquisitions and geographical expansion to serve a large customer base are also on the growth chart of these companies

According to the research report, the global energy recovery ventilators market stood at a valuation of US.8 bn in 2015. Progressing at an impressive 11.50% CAGR for the forecast period between 2016 and 2024, the demand in the market is expected to be worth US.8 bn by the end of 2024. Vis-à-vis volume, the market is forecast to surpass 15.9 mn units by 2024. Of the key application segments, the industrial segment currently displays the leading demand, and the trend is likely to continue over the report’s forecast period.

Get an exclusive sample of this report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17549

“The demand for energy recovery ventilators is anticipated to rise exponentially, thanks to the rising consideration for health and well-being among consumers,” explains the author of this study. The alarming rise in air pollution has aroused the interest of consumers to gauge air quality they breathe, which directly impacts health. This is leading to a rising demand for energy recovery ventilators. Analysts anticipate strong demand for energy recovery ventilators over the next few years, thereby boosting the growth of energy recovery ventilators market.