ERV Market to Reach $2.8 Billion
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.”
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 of 8.8 percent over that period. The report provides a comprehensive, global look at the state of the various IAQ-related technologies that are currently available and being used in new and retrofit applications. Revenue forecasts, segmented by technology, building type, and region, extend through 2020.
Publication date: 9/1/2014
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