Energy Recovery Ventilators Market: Innovations & Competitive Analysis, Forecast To 2016 - 2024

-

 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$1.8 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$4.8 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.

Want to know the obstructions to your company’s growth in future? Request a PDF sample here@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17549

Rising Awareness of Importance of Indoor Air Quality for Health Consideration Boosts Adoption

“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.

Rising need to curb energy consumption in commercial and residential buildings and increasing initiatives for the development of green buildings are some other prominent factors driving the energy recovery ventilators market.

High Product Cost Crimps Growth

However, on the flipside, factors such as inadequate knowledge among consumers regarding the health benefits of these devices and high cost involved in the purchase, installation, and maintenance of energy recovery ventilators are anticipated to challenge the growth of energy recovery ventilators market to some extent, adds the study.

The review presented is based on the findings of a TMR report, titled “Energy Recovery Ventilators Market (Technology – Plate Heat Exchange, Rotary Heat Exchange, Run-around Coil, Heat Pipe Heat Exchanger, and Thermosiphon; Type – Wall Mounted and Window Mounted; Application – Commercial, Residential, and Industrial) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”

Get More Press Release by TMR@ https://www.prnewswire.co.uk/news-releases/personality-assessment-solutions-market-to-expand-at-cagr-of-12-8-advantages-of-detailed-assessment-of-individual-personality-traits-for-work-related-outcomes-drives-demand-says-tmr-study-879192134.html

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation ma...
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. ...
Read more

Architectural LED Products Market: Size, Analytical Overview, Growth Factors, Demand, Trends And Forecast To 2018 - 2026

-
  Global Architectural LED Products Market: Overview  Safety is one of the key concern in architectural spaces, which is important to recognize the need for acceptable architectural lighting. Proper architectural lighting has a vital role for people occupying the architectural space. Additionally, architectural lighting attracts the person’s attention and enables the architectures for serving its true purpose with enhanced features.  The  architectural LED products market  report involves some of the insightful predictions over the scope of the market and some prospects over growth. The new report from Transparency Market Research (TMR) on the architectural LED products market offers the thorough analysis of market segmentation and involves the past revenue and future forecasts. The report offers numerous key strategies adopted by key players coupled with some prominent trends, which are impacting on the growth. Along with this, it explains important information...
Read more