Energy Recovery Ventilator Market Worth $3.39 Billion by 2021
Increasing awareness of benefits, rising demand for improving IAQ are driving growth
PUNE, India — The global market for energy recovery ventilators (ERVs) is projected to reach $3.39 billion by 2021, increasing at a compound annual growth rate (CAGR) of 11.4 percent from 2016 to 2021, according to a report published by MarketsandMarkets.
Increasing awareness regarding the benefits associated with the adoption of energy recovery ventilators, such as reduction in energy consumption, and rising demand for improving IAQ are factors driving the growth of the energy recovery ventilator market.