Energy Recovery Ventilator Market to Nearly Double by 2020
Energy recovery ventilators, HVAC equipment that uses energy from thermally conditioned air that’s exhausted from a building to precondition the incoming air, are one of the fastest-growing segments of the improved indoor air quality management market, according to Navigant Research.
Worldwide revenue from ERVs will grow from $1.6 billion in 2014 to $2.8 billion in 2020, according Navigant Research’s report Indoor Air Quality Monitoring and Management.
An increasing number of electric and gas utilities are offering rebate programs to encourage the use of ERV, reported Fierce Energy. The utilities benefit from the peak load reductions and operating cost savings.
Dedicated outdoor air systems, ultraviolet irradiation to eliminate microbes, demand-controlled ventilation and carbon dioxide sensors are other indoor air quality technologies that are experiencing strong growth, according to the report.
Revenue for the overall IAQ market is projected to grow from $3.3 billion in 2014 to $5.6 billion in 2020, expanding at a compound annual growth rate of 8.8 percent over that period, the report says.
Why bring buildings online? What information can operations teams glean from real-time data that they can’t just get from the monthly data provided by utility companies? Click to learn more.
- Existing Building Technologies Combine for Increased Savings
- 2014 Environmental Leader Product and Project Awards
- BuildingIQ's Meter Processing Flow
- Increase the Value of Demand Response Through Automation
- Improve Your Company's Environment and Energy Performance
- Smart Companies Utilize Integrated Energy Solutions
- How "Fixed" is the Fixed Price Product?
- Combined Heat and Power
- 2013-20114 Winter Polar Vortex
- Let's Do The Math for DR
- Cut Costs and Improve Facility Operations with Energy Data
- Energy Procurement Strategies for Winter 2014 and 2015
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management