Overall IAQ Market Revenue Expected to Hit $5.6B by 2020
BOULDER, Colo. — According to a recent report from Navigant Research, worldwide revenue from energy recovery ventilators (ERVs) will 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.”