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Energy Recovery Ventilation (ERV) System Market By Technology (Thermal Wheels, Plate Heat Exchangers, Run-Around Coil Systems, Heat Pipe Systems); By End-Use (Residential Buildings, Commercial Buildings, Industrial Facilities, Institutional Buildings [e.g., schools, hospitals]); By Geography, Segment revenue estimation, Forecast, 2024-2032.

Published On: AUG-2024   |   Base Year: 2022   |   No Of Pages: 170   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 10727238

The Energy Recovery Ventilation (ERV) system market was worth USD 4.25 billion in 2023 and will be worth USD 8.59 billion by 2030, growing at a CAGR of 9.2% during the forecast period.

 

An energy recovery ventilation (ERV) system is an advanced HVAC component designed to improve indoor air quality while conserving energy. It increases ventilation and reduces energy consumption in residential homes, commercial buildings, and industrial buildings.

 

By 2023, about 15 million recovery air vehicles (ERVs) were installed worldwide. These numbers reflect the increasing adoption of ERV systems in the residential, commercial, and industrial sectors due to their energy-saving and indoor air quality benefits. The average cost to purchase and install an energy recovery ventilation (ERV) system typically ranges from $2,500 to $6,000.

 

The energy recovery ventilation (ERV) system market is witnessing significant growth due to increasing demand for energy-efficient building solutions. This growth is driven by increasing awareness of energy conservation and push for green building standards. For example, the adoption of ERVs in residential buildings will increase by 10% annually as more homeowners seek to reduce heating and cooling costs and improve indoor air quality.

 

Energy Recovery Ventilation Systems: Catalysts for the Growing Green Building Market

Several key factors drive the energy recovery ventilation (ERV) system market. Rising energy costs have increased the demand for energy-efficient systems in buildings. For example, energy recovery systems can reduce heating and cooling costs by up to 30%, making them highly attractive to both residential and commercial property owners. By 2023, the global energy-efficient construction market, including ERV systems, will be worth $90 billion, with an expected growth rate of approximately 9% annually.

Energy recovery ventilation (ERV) systems offer great opportunities with increasing emphasis on energy efficiency and sustainable building practices. The global green building market, emphasizing energy-efficient technologies, was valued at approximately $365 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 11% by 2028. The increasing adoption of green building standards and regulations, such as LEED (Leadership in Energy and Environmental Design) certification, drives the demand for ERV systems.

 

Market Segmentation

The Energy Recovery Ventilation (ERV) system market segmentation is done on the basis of technology, end-use, and region.

By Technology:

  • Thermal Wheels

  • Plate Heat Exchangers

  • Run-Around Coil Systems

  • Heat Pipe Systems

 

By End-Use:

  • Residential Buildings

  • Commercial Buildings

  • Industrial Facilities

  • Institutional Buildings (e.g., schools, hospitals)

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • China

  • India

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Saudi Arabia

  • Argentina

  • Uruguay

  • Rest of LAMEA

 

In 2023, North America accounted for approximately 40% of the global market share for ERV systems. This dominance is attributed to the region's strong focus on energy efficiency, sustainable building practices, and significant HVAC technology advancements. For example, the United States and Canada have implemented stringent building codes and energy standards that mandate energy-efficient systems, including ERVs. In the U.S., the International Energy Conservation Code (IECC) sets strict standards for energy efficiency in buildings, including requirements for ventilation systems that reduce energy consumption and maintain indoor air quality nationally market. Furthermore, The market in North America is further supported by high investments in residential and commercial construction, which drive demand for advanced ventilation solutions. For example, the U.S. commercial construction sector saw investments exceeding $900 billion, with numerous projects focused on upgrading building systems to meet higher energy efficiency standards. Government incentives, green building certifications, and a focus on sustainable construction practices are driving increased adoption of ERV systems in residential and commercial sectors.

 

Key Players

  • Johnson Controls

  • Honeywell International Inc.

  • Daikin Industries, Ltd.

  • Trane Technologies plc

  • Mitsubishi Electric Corporation

  • Lennox International Inc.

  • Zehnder Group AG

  • Panasonic Corporation

  • Swegon AB

  • Volution Group plc

 

Recent Development

  • In February 2024, Panasonic, a top supplier to the building sector of ventilation and solutions for healthy indoor living, has announced the release of the WhisperComfort® 60 Energy Recovery Ventilator (ERV). The newest member of Panasonic's ERV family, which is HVI-certified for energy recovery and sound, demonstrates the company's commitment to offering whole-house ventilation in an economical and energy-efficient manner.

 

  • In August 2024, Greenheck added three new versions of high-performance home energy recovery ventilators (ERVs), SYNC-110SEA, SYNC-180TCE, and Assure-140SC, to their lineup. The economical, cold weather-certified Assure-140SC ERV is offered in hardwired and mirrored configurations and has an operational range of 30-160 cfm. The Sync-110SEA is now available in hardwired and mirrored configurations and offers precision balancing to precisely control airflow when combined with the PrecisionSync Controller. With its 9.75" height, the SYNC-110SEA is perfect for installations like drop ceilings and bulkheads with limited room. A top port ERV with an operational range of 75-200 cfm, the SYNC-180TCE provides precision balancing when used with the PrecisionSync Controller and 77% Sensible Recovery Efficiency (SRE).

Frequently Asked Question About This Report

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Table of Contents

1.    EXECUTIVE SUMMARY
1.1. Market Attractiveness
1.2. Understanding the Target Customers
1.3. CXO perspective
1.4. Global Energy Recovery Ventilation (ERV) System Market, Historical Market Size & Future Projections Analysis
1.5. Global Energy Recovery Ventilation (ERV) System Market, By Technology
1.6. Global Energy Recovery Ventilation (ERV) System Market, By End User
1.7. Global Energy Recovery Ventilation (ERV) System Market, By Region
2.    MARKET SHARE ANALYSIS
2.1. Top 10 Players with Revenue and Sales Volume
2.2. Market Share, 2024
3.    SALES VOLUME (METRIC TONNES), BY REGION
3.1. Europe (UK, Germany, France, Netherlands, Italy, Spain, Belgium, Sweden, Denmark, Norway, Aland Islands, Rest of Europe)
3.2. Asia (China, Japan, South Korea, India, Indonesia, Rest of Asia)
3.3. Middle-East (Israel, Saudi Arabia, UAE, Qatar, Egypt, Kuwait, Bahrain, and Others)
4.    INVESTMENT OPPORTUNITIES IN THE MARKET
4.1. On Going Market Developments
4.2. Merger & Acquisition Trends
4.3. Key Investment Opportunities
4.4. Most Potential Technology Segments from Growth and Investment Perspective
5.    MARKET INTRODUCTION
5.1. Definition
5.2. Scope of the Study
5.3. Market Structure
5.4. Macro Factor Indicator Analysis
5.5. Key findings
5.5.1. Top investment pockets
6.    RESEARCH METHODOLOGY
6.1. Research Process
6.2. Primary Research
6.3. Secondary Research
6.4. Market Size Estimation
6.5. Forecast Model
7.    MARKET DYNAMICS
7.1. Introduction
7.2. Drivers
7.3. Restraints
7.4. Opportunities
7.5. Challenges
7.6. Covid 19 Impact Analysis
8.    GLOBAL ENERGY RECOVERY VENTILATION (ERV) SYSTEM MARKET ANALYSIS BY SEGMENT (REGION LEVEL ANALYSIS)
8.1. Overview
8.2. Global Energy Recovery Ventilation (ERV) System Historical Market size ($MILLION), Sales Volume, (2022 – 2032)
8.3. Global Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032)
8.4. Global Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Technology
8.4.1. Thermal Wheels
8.4.2. Plate Heat Exchangers
8.4.3. Run-Around Coil Systems
8.4.4. Heat Pipe Systems
8.5. Global Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By End-User
8.5.1. Residential Buildings
8.5.2. Commercial Buildings
8.5.3. Industrial Facilities
8.5.4. Institutional Buildings (e.g., schools, hospitals)
8.6. Global Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Geography
8.6.1. Asia
8.6.2. North America
8.6.3. Europe
8.6.4. Middle East
9.    NORTH AMERICA ENERGY RECOVERY VENTILATION (ERV) SYSTEM MARKET ANALYSIS BY SEGMENT (REGION LEVEL ANALYSIS)
9.1. Overview
9.2. North America Energy Recovery Ventilation (ERV) System Historical Market size ($MILLION), Sales Volume, (2022 – 2032)
9.3. North America Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032)
9.4. North America Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Technology
9.4.1. Thermal Wheels
9.4.2. Plate Heat Exchangers
9.4.3. Run-Around Coil Systems
9.4.4. Heat Pipe Systems
9.5. North America Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By End-User
9.5.1. Residential Buildings
9.5.2. Commercial Buildings
9.5.3. Industrial Facilities
9.5.4. Institutional Buildings (e.g., schools, hospitals)
9.6. North America Construction Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Geography
9.6.1. USA
9.6.2. Canada
9.6.3. Rest of North America
10.    EUROPE GLOBAL ENERGY RECOVERY VENTILATION (ERV) SYSTEM MARKET ANALYSIS
10.1. Overview
10.2. Europe Energy Recovery Ventilation (ERV) System Historical Market size ($MILLION), Sales Volume, (2022 – 2032)
10.3. Europe Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032)
10.4. Europe Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Technology
10.4.1. Thermal Wheels
10.4.2. Plate Heat Exchangers
10.4.3. Run-Around Coil Systems
10.4.4. Heat Pipe Systems
10.5. Europe Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By End-User
10.5.1. Residential Buildings
10.5.2. Commercial Buildings
10.5.3. Industrial Facilities
10.5.4. Institutional Buildings (e.g., schools, hospitals)
10.6. Europe Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Region
10.6.1. Germany
10.6.2. UK
10.6.3. France
10.6.4. Spain
10.6.5. Italy
10.6.6. Benelux
10.6.7. Rest of Europe
11.    ASIA PACIFIC ENERGY RECOVERY VENTILATION (ERV) SYSTEM MARKET ANALYSIS
11.1. Overview
11.2. Asia Pacific Energy Recovery Ventilation (ERV) System Historical Market size ($MILLION), Sales Volume, (2022 – 2032)
11.3. Asia Pacific Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032)
11.4. Asia Pacific Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Technology
11.4.1. Thermal Wheels
11.4.2. Plate Heat Exchangers
11.4.3. Run-Around Coil Systems
11.4.4. Heat Pipe Systems
11.5. Asia Pacific Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By End-User
11.5.1. Residential Buildings
11.5.2. Commercial Buildings
11.5.3. Industrial Facilities
11.5.4. Institutional Buildings (e.g., schools, hospitals)
11.6. Asia Pacific Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Region
11.6.1. China
11.6.2. Japan
11.6.3. Korea
11.6.4. India
11.6.5. Indonesia
11.6.6. Rest of Asia
12.    REST OF THE WORLD ENERGY RECOVERY VENTILATION (ERV) SYSTEM MARKET ANALYSIS
12.1. Overview
12.2. Rest of the World Energy Recovery Ventilation (ERV) System Market Historical Market size ($MILLION), Sales Volume, (2022 – 2032)
12.3. Rest of the World Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032)
12.4. Rest of the World Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Technology
12.4.1. Thermal Wheels
12.4.2. Plate Heat Exchangers
12.4.3. Run-Around Coil Systems
12.4.4. Heat Pipe Systems
12.5. Rest of the World Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By End-User
12.5.1. Residential Buildings
12.5.2. Commercial Buildings
12.5.3. Industrial Facilities
12.5.4. Institutional Buildings (e.g., schools, hospitals)
12.6. Rest of the World Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Region
12.6.1. Latin America
12.6.2. Middle East
12.6.3. Africa   
13.    COMPANY PROFILES
13.1. JOHNSON CONTROLS
13.1.1. Company Overview  
13.1.2. Company Snapshot  
13.1.3. Operating business segments
13.1.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business
13.1.5. Key business performances, strategies and developments
13.2. HONEYWELL INTERNATIONAL INC.
13.2.1. Company Overview  
13.2.2. Company Snapshot  
13.2.3. Operating business segments
13.2.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business
13.2.5. Key business performances, strategies and developments
13.3. DAIKIN INDUSTRIES, LTD.
13.3.1. Company Overview
13.3.2. Company Snapshot
13.3.3. Operating business segments
13.3.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business
13.3.5. Key business performances, strategies and developments
13.4.  TRANE TECHNOLOGIES PLC
13.4.1. Company Overview
13.4.2. Company Snapshot
13.4.3. Operating business segments
13.4.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business
13.4.5. Key business performances, strategies and developments
13.5. MITSUBISHI ELECTRIC CORPORATION
13.5.1. Company Overview
13.5.2. Company Snapshot
13.5.3. Operating business segments
13.5.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business
13.5.5. Key business performances, strategies and developments
13.6. LENNOX INTERNATIONAL INC.
13.6.1. Company Overview
13.6.2. Company Snapshot
13.6.3. Operating business segments
13.6.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business
13.6.5. Key business performances, strategies and developments
13.7. ZEHNDER GROUP AG
13.7.1. Company Overview
13.7.2. Company Snapshot
13.7.3. Operating business segments
13.7.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business
13.7.5. Key business performances, strategies and developments
13.8. PANASONIC CORPORATION
13.8.1. Company Overview
13.8.2. Company Snapshot
13.8.3. Operating business segments
13.8.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business
13.8.5. Key business performances, strategies and developments
13.9. VOLUTION GROUP PLC
13.9.1. Company Overview
13.9.2. Company Snapshot
13.9.3. Operating business segments
13.9.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business
13.9.5. Key business performances, strategies and developments
13.10. OTHER MARKET PLAYERS
13.10.1. Company Overview
13.10.2. Company Snapshot
13.10.3. Operating business segments
13.10.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business
13.10.5. Key business performances, strategies and developments

 

LIST OF TABLES

1. TABLE: MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
2. TABLE: MARKET FOR THERMAL WHEELS, BY REGION, 2024-2032 (USD MILLION)
3. TABLE: MARKET FOR PLATE HEAT EXCHANGERS, BY REGION, 2024-2032 (USD MILLION)
4. TABLE: MARKET FOR RUN-AROUND COIL SYSTEMS, BY REGION, 2024-2032 (USD MILLION)
5. TABLE: MARKET FOR HEAT PIPE SYSTEMS, BY REGION, 2024-2032 (USD MILLION)
6. TABLE: MARKET FOR OTHERS, BY REGION, 2024-2032 (USD MILLION)
7. TABLE: MARKET, BY END USER, 2024-2032 (USD MILLION)
8. TABLE: MARKET FOR RESIDENTIAL BUILDINGS, BY REGION, 2024-2032 (USD MILLION)
9. TABLE: MARKET FOR COMMERCIAL BUILDINGS, BY REGION, 2024-2032 (USD MILLION)
10. TABLE: MARKET FOR INDUSTRIAL FACILITIES, BY REGION, 2024-2032 (USD MILLION)
11. TABLE: MARKET FOR INSTITUTIONAL BUILDINGS (E.G., SCHOOLS, HOSPITALS), BY REGION, 2024-2032 (USD MILLION)
12. TABLE: MARKET FOR OTHERS, BY REGION, 2024-2032 (USD MILLION)
13. TABLE: MARKET, BY REGION, 2024-2032 (USD MILLION)
14. TABLE: NORTH AMERICA MARKET, BY REGION, 2024-2032 (USD MILLION)
15. TABLE: NORTH AMERICA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
16. TABLE: NORTH AMERICA MARKET, BY END USER, 2024-2032 (USD MILLION)
17. TABLE: USA MARKET BY TECHNOLOGY, 2024-2032 (USD MILLION)
18. TABLE: USA MARKET, BY END USER, 2024-2032 (USD MILLION)
19. TABLE: CALIFORNIA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
20. TABLE: CALIFORNIA MARKET, BY END USER, 2024-2032 (USD MILLION)
21. TABLE: TEXAS MARKET BY TECHNOLOGY, 2024-2032 (USD MILLION)
22. TABLE: TEXAS MARKET, BY END USER, 2024-2032 (USD MILLION)  
23. TABLE: FLORIDA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
24. TABLE: FLORIDA MARKET, BY END USER, 2024-2032 (USD MILLION)  
25. TABLE: CANADA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
26. TABLE: CANADA MARKET, BY END USER, 2024-2032 (USD MILLION)
27. TABLE: MEXICO MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
28. TABLE: MEXICO MARKET, BY END USER, 2024-2032 (USD MILLION)
29. TABLE: REST OF NORTH AMERICA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
30. TABLE: REST OF NORTH AMERICA MARKET, BY END USER, 2024-2032 (USD MILLION)
31. TABLE: EUROPE MARKET, BY REGION, 2024-2032 (USD MILLION)
32. TABLE: EUROPE MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
33. TABLE: EUROPE MARKET, BY END USER, 2024-2032 (USD MILLION)
34. TABLE: UK MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
35. TABLE: EUROPE MARKET, BY END USER, 2024-2032 (USD MILLION)
36. TABLE: SPAIN MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
37. TABLE: SPAIN MARKET, BY END USER, 2024-2032 (USD MILLION)
38. TABLE: BELGIUM MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
39. TABLE: BELGIUM MARKET, BY END USER, 2024-2032 (USD MILLION)
40. TABLE: SCANDINAVIAN MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
41. TABLE: SCANDINAVIAN MARKET, BY END USER, 2024-2032 (USD MILLION)
42. TABLE: GERMANY MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
43. TABLE: GERMANY MARKET, BY END USER, 2024-2032 (USD MILLION)
44. TABLE: FRANCE MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
45. TABLE: FRANCE MARKET, BY END USER, 2024-2032 (USD MILLION)
46. TABLE: ITALY MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
47. TABLE: ITALY MARKET, BY END USER, 2024-2032 (USD MILLION)
48. TABLE: REST OF EUROPE MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
49. TABLE: REST OF EUROPE MARKET, BY END USER, 2024-2032 (USD MILLION)
50. TABLE: ASIA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
51. TABLE: ASIA MARKET, BY END USER, 2024-2032 (USD MILLION)
52. TABLE: CHINA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
53. TABLE: CHINA MARKET, BY END USER, 2024-2032 (USD MILLION)
54. TABLE: INDIA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
55. TABLE: INDIA MARKET, BY END USER, 2024-2032 (USD MILLION)
56. TABLE: JAPAN MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
57. TABLE: JAPAN MARKET, BY END USER, 2024-2032 (USD MILLION)
58. TABLE: SOUTH KOREA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
59. TABLE: SOUTH KOREA MARKET, BY END USER, 2024-2032 (USD MILLION)   
60. TABLE: INDONESIA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
61. TABLE: INDONESIA MARKET, BY END USER, 2024-2032 (USD MILLION)
62. TABLE: REST OF ASIA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION)
63. TABLE: REST OF ASIA MARKET, BY END USER, 2024-2032 (USD MILLION)
64. TABLE: REST OF THE WORLD MARKET, BY TECHNOLOGY,, 2024-2032 (USD MILLION)
65. TABLE: REST OF THE WORLD MARKET, BY END USER, 2024-2032 (USD MILLION)  
66. TABLE: HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
67. TABLE: HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
68. TABLE: DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT
69. TABLE: DAIKIN INDUSTRIES, LTD.: OPERATING SEGMENTS
70. TABLE: TRANE TECHNOLOGIES PLC: COMPANY SNAPSHOT
71. TABLE: TRANE TECHNOLOGIES PLC: OPERATING SEGMENTS
72. TABLE: JOHNSON CONTROLS COMPANY SNAPSHOT
73. TABLE: JOHNSON CONTROLS OPERATING SEGMENTS
74. TABLE: MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
75. TABLE: MITSUBISHI ELECTRIC CORPORATION: OPERATING SEGMENTS
76. TABLE: LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT
77. TABLE: LENNOX INTERNATIONAL INC.: OPERATING SEGMENTS
78. TABLE: ZEHNDER GROUP AG: COMPANY SNAPSHOT
79. TABLE: ZEHNDER GROUP AG: OPERATING SEGMENTS
80. TABLE: PANASONIC CORPORATION: COMPANY SNAPSHOT
81. TABLE: PANASONIC CORPORATION: OPERATING SEGMENTS
82. TABLE: VOLUTION GROUP PLC: COMPANY SNAPSHOT
83. TABLE: VOLUTION GROUP PLC: OPERATING SEGMENTS


LIST OF FIGURES

1. Figure: Market: Research Methodology Steps
2. Figure: Research Design
3. Figure: Breakdown of Primaries: Market
4. Figure: Research Methodology: Hypothesis Building
5. Figure: Market: Technology and Service-Based Estimation
6. Figure: Top 10 Companies with Highest No. Of Patent in Last 9 Years
7. Figure: Growth Strategies Adopted by the Key Players
8. Figure: No. of Patents Granted Per Year, 2024–2032
9. Figure: Data Triangulation Methodology
10. Figure: Dominating Market Share, By Technology, 2024 vs. 2032 (USD MILLION)
11. Figure: Dominating Market Share, By Application, 2024 vs. 2032 (USD MILLION)
12. Figure: Dominating Market Share, By Power Output, 2024 vs. 2032 (USD MILLION)
13. Figure: Dominating Market Share, By End User, 2024 vs. 2032 (USD MILLION)
14. Figure: Geographical Snapshot of the Market
15. Figure: Thermal Wheels to Witness Higher Share in the Market for Technology Segment during the Forecast Period.
16. Figure: North America Accounted for the Largest Share of the Market, By Regional Basis, in 2024
17. Figure: Market: Drivers, Restraints, Opportunities, and Challenges
18. Figure: Asia: Market Snapshot
19. Figure: Europe: Market Snapshot
20. Figure: Middle East: Market Snapshot
21. Figure: Vendor Dive: Evaluation Overview
22. Figure: Energy Recovery Ventilation (ERV) System: Competitive Benchmarking  
23. Figure: Honeywell International Inc.: Financial Overview (2024-2032)  
24. Figure: Daikin Industries, Ltd.: Financial Overview (2024-2032)  
25. Figure: JOHNSON CONTROLS Financial Overview (2024-2032)
26. Figure: MITSUBISHI ELECTRIC CORPORATION: Financial Overview (2024-2032)
27. Figure: Lennox International Inc.: Financial Overview (2024-2032)
28. Figure: Panasonic Corporation: Financial Overview (2024-2032)
29. Figure: Volution Group plc: Financial Overview (2024-2032)