China Energy Recovery Ventilation System market will reach 551.47 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/10/21

According to the report, China Energy Recovery Ventilation System market was valued at $ 296.27 million in 2018, and is expected to generate revenue of $ 551.47 million by end of 2025, growing at a CAGR of slightly above 8.94 % between 2019 and 2025. China energy recovery ventilator market is growing due to increasing demand for energy recovery ventilators from end use industry segments of commercial and residential sectors. Ventilation is an important part in the HVAC systems. Incorrect ventilation system attracts pollutants such as virus, chemicals, ducts, and allows molds to grow rapidly. The use of advanced heating and energy recovery ventilation technology has allowed these systems to provide various benefits and help end-users in choosing from a wide range of high efficiency energy recovery ventilators (ERVs).

The industry is relatively fragmented. There are hundreds of large and small companies in the Chinese market producing Energy Recovery Ventilation System. The market is very competitive and the brands are numerous. Leading international companies are developing new products to occupy more market share in China. The main players in the Chinese market are Ostberg, NATHER (Zehnder), Daikin Industries, Broan and among others.

In the next five years, China market of Energy Recovery Ventilation System will show upward tendency further. The rising demand for fresh air and the need to reduce pollutants are the driving factors for energy recovery ventilator market growth. Additionally, increasing demand for energy housing projects and increase in construction activities is expected to drive the growth of the energy recover ventilator market, during the forecast period (2019 - 2025).

Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, in future still more new investment will enter into the field. Technology and cost are two major problems.

Although sales of Energy Recovery Ventilation System brought a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk the enter this market.

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https://www.qyresearch.com/index/detail/949065/global-energy-recovery-ventilation-system-industry
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