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.
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