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.
- How to Use Lean Tools to Cash In On Environmental and Energy Savings
- Integrated Building Optimization
- Six Essential Steps to Drive Effective Energy Management
- Essential Guide to Lighting Retrofits and Upgrades
- Alarms Management: The Future is Now
- Smart Companies Utilize Integrated Energy Solutions
- Top 3 Reasons to Calculate Your Environmental Footprint
- Trends in Energy Management: Where Should Your Next Investment Be?
- Mobility From The Plant Floor To The Store Door: Improve Safety, Accuracy, and Productivity
- NAEM Research Report: Planning for a Sustainable Future
- 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