Energy recovery ventilator market to grow by 7.4 percent  

The factors contributing to the growth of the energy recovery ventilator core market include focus on indoor air quality driven by climate change. The rise in global temperatures is also increasing demand for recovery ventilator cores.

The increased construction of commercial and residential buildings in developing regions like China, India, and others is anticipated to create substantial growth opportunities for the market. Recent Markets and Markets reports, Energy Recovery Ventilator Core Market  is projected to grow from USD 1.01 billion in 2024 to USD 1.56 billion by 2030, at a CAGR of 7.4 percent by 2030.

The engineered resin segment is estimated to have the largest market share by value by material type. Engineered resins have superior durability, especially in harsh environments such as wet and freezing, making them suitable for various climate zones. Engineered resins are highly efficient in transferring heat and moisture, enhancing overall energy recovery in HVAC systems.

By flow type, the crossflow segment is expected to account for the largest market share in terms of value during the forecast period. In crossflow ERV cores, exhaust air and supply air pass through separate channels, thus preventing air blending. This avoids the mixing of dirt, bacteria, and odors. Thin metal panels, often aluminum, make very good crossflow cores and deliver thermal efficiency from 40 to 65 percent. These cores are very effective in large ventilation systems for they can remove large volumes of air. This makes them useful for houses, businesses, and factories- both for hospitals and gyms.

Based on shape, the hexagon segment is estimated to account for the largest share of the market during the forecast period, because its designs can be utilised in counter-flow and cross-flow configurations. Using counter-flow hexagonal ERV cores ensures that the fresh air and exhaust air streams are separated so that heat and mass transfer may occur. This leads to heat transfer from the warmer side to the cooler side and water vapor from the moist side to the drier side, all leading to improved energy saving and environmental benefits.

Major players in this market include CORE Energy Recovery Solutions (Germany), HOLTOP (China), Greenheck Fan Corporation (US), Ruskin (US), and Innergy Tech Inc. (Canada).