Energy Recovery Ventilator Market Size

Energy recovery ventilator market size was over USD 4.66 billion in 2024 and is likely to exceed USD 12.33 billion by the end of 2037, witnessing over 7.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of energy recovery ventilator is evaluated at USD 4.95 billion.

The growth of this market can be attributed to the rising trend of green building construction globally. The trend of constructing green buildings is rising owing to environmental conditions, strict government regulations, standards of energy consumption, and a rise in hazardous emissions. The building manufacturers now are focusing on constructing green buildings in order to get more profit from the income generated from the property business. Therefore, with the rise in the deployment of ventilators the market of energy ventilators is expected to grow more in the upcoming years. Anyhow, the key suppliers align their products in line with green building certifications, Thus, the rise in the construction of the green building is expected to drive the industry growth. The green building consumes 40-50% less energy and 10-20% less water.

On the other hand, the maintenance of air quality has become a major concern nowadays. Deficient indoor air quality poses an adverse impact on the health, productivity, cognitive function, and well-being of people. The ability of energy recovery ventilator to replace stale indoor air with fresh outdoor air, its ability to remove all the pollutant particles from the environment, optimize energy efficiently, minimizes carbon footprints and others are factors driving the growth of this market in the forecast period. In 2020, globally around 3.2 million people died out of bad indoor air quality.