HVAC Breaking News / Indoor Air Quality

Aug. 22, 2014: ERVs to Reach Nearly $3 Billion in Annual Revenue by 2020

Units Improve IAQ and Provide Energy Savings

August 22, 2014
/ Print / Reprints /
ShareMore
/ Text Size+

BOULDER, Colo. — Energy recovery ventilators (ERVs), which use the exhaust air from a building to precondition incoming air, offer many advantages for both improving IAQ and reducing energy consumption, and are one of the fastest-growing segments for improved IAQ management in buildings, says Navigant Research. According to a report from the research firm, worldwide revenue from ERVs is forecast to grow from $1.6 billion in 2014 to $2.8 billion in 2020.

“Along with new standards and regulations, the heightened sensitivity to how the health and comfort of office workers affects productivity is driving increased acceptance of IAQ technologies in more buildings,” said Benjamin Freas, research analyst with Navigant Research. “ERVs are growing in popularity because they provide energy-saving benefits without sacrificing IAQ.”

Other IAQ technologies that are experiencing strong growth, according to the report, include carbon dioxide sensors, demand-controlled ventilation, dedicated outdoor air systems, and ultraviolet irradiation to eliminate microbes. Revenue for the overall IAQ market is projected to increase from $3.3 billion in 2014 to $5.6 billion in 2020, expanding at a compound annual growth rate (CAGR) of 8.8 percent over that period.

An executive summary of the report is available here.

Publication date: 8/18/2014

Want more HVAC industry news and information? Join The NEWS on Facebook, Twitter, and LinkedIn today!

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.

Podcasts

NEWSMakers: Mark Satterfield

Mark Satterfield, founder and CEO of Gentle Rain Marketing Inc. and author of “The One Week Marketing Plan” talks about his book and the importance of HVAC blogging. Posted on Sept. 19.

More Podcasts

ACHRNEWS

NEWS 09-15-14 cover

2014 September 15

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con