세계 열회수 환기장치 시장 : 재료 유형, 설치 유형, 플로우 유형, 자동화 레벨, 풍량, 설치, 유통 채널, 기술, 용도, 지역별 분석, 예측(-2032년)

According to Stratistics MRC, the Global Heat Recovery Ventilator Market is accounted for $6.1 billion in 2025 and is expected to reach $9.1 billion by 2032 growing at a CAGR of 5.8% during the forecast period. A heat recovery ventilator (HRV) is a mechanical ventilation system that recovers heat from the outgoing air while replacing stale interior air with fresh outdoor air. By transferring heat from the exhaust air to the incoming air, it improves energy efficiency and lowers the cost of heating or cooling. In energy-efficient buildings, HRVs are frequently utilized to maintain ventilation without causing a large energy loss.

According to Volza's global import data, the world imported 557 shipments of Heat Recovery Ventilators (HRVs) from March 2023 to February 2024, supplied by 119 exporters to 122 buyers.

Market Dynamics:

Driver:

Increasing awareness of indoor air quality

Rising awareness of indoor air quality is significantly driving the heat recovery ventilator (HRV) market. As individuals and organizations become more conscious of the adverse health effects associated with poor indoor air, the demand for solutions that ensure a fresh, pollutant-free environment is surging. HRVs play a critical role by continuously exchanging stale indoor air with fresh outdoor air, removing pollutants, and optimizing humidity levels. Furthermore, government regulations and environmental policies are reinforcing this trend, making HRVs a preferred choice for both residential and commercial buildings.

Restraint:

High initial cost of installation

The upfront investment required for purchasing and professionally installing HRV systems can be prohibitive, especially in price-sensitive markets or when retrofitting older buildings. Additionally, the complexity of installation and the need for specialized expertise add to the overall expense. These financial barriers can deter potential buyers, slowing the widespread adoption of HRVs despite their energy-saving and health-related advantages.

Opportunity:

Growing demand for green building certifications

The growing demand for green building certifications presents a substantial opportunity for the HRV market. As sustainable construction practices and eco-friendly standards become more prevalent, buildings are increasingly required to meet stringent energy efficiency and indoor air quality benchmarks. HRVs are integral to achieving these certifications, as they minimize energy consumption and contribute to healthier indoor environments. Moreover, manufacturers are aligning their products to comply with green building requirements, further accelerating the adoption of HRVs in both new and retrofitted structures.

Threat:

Variations in climate and regional effectiveness

The performance of HRVs can fluctuate depending on local weather conditions, with certain systems being less effective in extremely cold or humid climates. In some regions, the need for additional equipment, such as humidifiers in dry, cold areas, can complicate installation and increase operational costs. Moreover, differing building codes and climate-related challenges can limit the universal applicability of HRVs, affecting market penetration in specific geographies.

Covid-19 Impact:

The Covid-19 pandemic had a moderate impact on the heat recovery ventilator market. Lockdowns and workforce shortages disrupted manufacturing and reduced installation rates, particularly in the first half of 2020. However, the heightened focus on ventilation and indoor air quality during the pandemic led to a rebound in demand for HRVs. As businesses and homeowners sought to improve air circulation and reduce airborne contaminants, the market began to recover and is expected to continue growing steadily in the post-pandemic period.

The engineered resin segment is expected to be the largest during the forecast period

The engineered resin segment is expected to account for the largest market share during the forecast period. Engineered resins are favored for their superior durability and resistance to harsh environments, such as wet or freezing conditions, making them suitable for diverse climate zones. These materials offer consistent performance, resist mold and bacteria, and enhance the efficiency of heat and moisture transfer in HVAC systems. Additionally, their long-term reliability and ability to maintain energy recovery performance drive their widespread adoption in both residential and commercial applications.

The automated HRVs segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the automated HRVs segment is predicted to witness the highest growth rate. Automated HRVs are increasingly popular due to their advanced energy efficiency features and ability to seamlessly integrate with smart home systems. These units optimize air quality and energy use by intelligently managing ventilation based on real-time indoor conditions. Moreover, their convenience, cost savings, and compatibility with modern building automation systems make them highly attractive, fueling rapid adoption across both new constructions and retrofits.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share, driven by stringent building regulations, a strong focus on sustainability, and high awareness of indoor air quality. The presence of major industry players and a robust construction sector further support market expansion. Additionally, the adoption of HRVs is particularly high in the U.S. and Canada, where energy efficiency standards and green building initiatives are well established, ensuring continued market leadership in the region.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR. The rapid growth in this region is attributed to increasing urbanization, expanding construction activities, and supportive government policies promoting energy efficiency. Countries such as China and India are investing heavily in green infrastructure and adopting advanced ventilation solutions to meet rising environmental and health standards. Furthermore, the growing middle class and heightened awareness of indoor air quality are accelerating the uptake of HRVs, making Asia Pacific the fastest-growing regional market.

Key players in the market

Some of the key players in Heat Recovery Ventilator Market include LG Electronics, Panasonic Corporation, Daikin Industries, Ltd., Mitsubishi Electric Corporation, Fujitsu General, Honeywell International Inc., Johnson Controls, Nortek Air Solutions, Greenheck Fan Corporation, Lennox International Inc., Trane Technologies, Carrier Corporation, Munters, Broan-NuTone, LLC, Ruskin, CORE Energy Recovery Solutions, Innergy Tech Inc., and HOLTOP.

Key Developments:

In February 2025, Panasonic announced the first public showcase of its new BalancedHome(TM) Energy Recovery Ventilator (ERV) series at the AHR Expo 2025. These units feature SmartFlow(TM) technology and offer high sensible recovery efficiency (SRE), aiming to improve indoor air quality in residential settings.

In July 2024, Broan-NuTone introduced the Broan(R) ONE, a low-profile Energy Recovery Ventilator (ERV) designed for single-family and multi-family developments. It is the only ERV with infield selectable airflow configuration, simplifying installations and enhancing indoor air quality.

In July 2024, Greenheck added new models to its commercial multifamily/residential energy recovery ventilator line. These high-performance ERVs provide balanced ventilation and improved energy efficiency, ensuring projects meet code and exceed indoor air quality expectations.

Material Types Covered:

• Engineered Resin
• Fibrous Paper
• Aluminum
• Stainless Steel
• Other Material Types

Mounting Types Covered:

• Wall-mount
• Ceiling-mount
• Cabinet / Central
• Other Mounting Types

Flow Types Covered:

• Counter-flow
• Crossflow

Automation Levels Covered:

• Automated HRVs
• Manual HRVs

Airflow Volumes Covered:

• Up to 100 CFM
• 100 to 150 CFM
• 150 to 200 CFM
• Above 200 CFM

Deployments Covered:

• New Installation
• Replacement/Renovation

Distribution Channels Covered:

• Wholesale Stores
• Retail Stores
• Online
• Other Distribution Channels

Technologies Covered:

• Plate Heat Exchanger
• Heat Pipe Heat Exchanger
• Rotary Heat Exchanger
• Run-Around Coil
• Other Technologies

Applications Covered:

• Residential
• Commercial
• Industrial

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Heat Recovery Ventilator Market, By Material Type

• 5.1 Introduction
• 5.2 Engineered Resin
• 5.3 Fibrous Paper
• 5.4 Aluminum
• 5.5 Stainless Steel
• 5.6 Other Material Types

6 Global Heat Recovery Ventilator Market, By Mounting Type

• 6.1 Introduction
• 6.2 Wall-mount
• 6.3 Ceiling-mount
• 6.4 Cabinet / Central
• 6.5 Other Mounting Types

7 Global Heat Recovery Ventilator Market, By Flow Type

• 7.1 Introduction
• 7.2 Counter-flow
• 7.3 Crossflow

8 Global Heat Recovery Ventilator Market, By Automation Level

• 8.1 Introduction
• 8.2 Automated HRVs
• 8.3 Manual HRVs

9 Global Heat Recovery Ventilator Market, By Airflow Volume

• 9.1 Introduction
• 9.2 Up to 100 CFM
• 9.3 100 to 150 CFM
• 9.4 150 to 200 CFM
• 9.5 Above 200 CFM

10 Global Heat Recovery Ventilator Market, By Deployment

• 10.1 Introduction
• 10.2 New Installation
• 10.3 Replacement/Renovation

11 Global Heat Recovery Ventilator Market, By Distribution Channel

• 11.1 Introduction
• 11.2 Wholesale Stores
• 11.3 Retail Stores
• 11.4 Online
• 11.5 Other Distribution Channels

12 Global Heat Recovery Ventilator Market, By Technology

• 12.1 Introduction
• 12.2 Plate Heat Exchanger
• 12.3 Heat Pipe Heat Exchanger
• 12.4 Rotary Heat Exchanger
• 12.5 Run-Around Coil
• 12.6 Other Technologies

13 Global Heat Recovery Ventilator Market, By Application

• 13.1 Introduction
• 13.2 Residential
  • 13.2.1 New Homes
  • 13.2.2 Retrofit Projects
• 13.3 Commercial
  • 13.3.1 Offices
  • 13.3.2 Schools & Educational Institutions
  • 13.3.3 Healthcare Facilities
  • 13.3.4 Hotels & Hospitality
  • 13.3.5 Retail Spaces
  • 13.3.6 Other Commercial Applications
• 13.4 Industrial
  • 13.4.1 Factories & Manufacturing Facilities
  • 13.4.2 Production Facilities
  • 13.4.3 Warehouses & Distribution Centers
  • 13.4.4 Other Industrial Applications

14 Global Heat Recovery Ventilator Market, By Geography

• 14.1 Introduction
• 14.2 North America
  • 14.2.1 US
  • 14.2.2 Canada
  • 14.2.3 Mexico
• 14.3 Europe
  • 14.3.1 Germany
  • 14.3.2 UK
  • 14.3.3 Italy
  • 14.3.4 France
  • 14.3.5 Spain
  • 14.3.6 Rest of Europe
• 14.4 Asia Pacific
  • 14.4.1 Japan
  • 14.4.2 China
  • 14.4.3 India
  • 14.4.4 Australia
  • 14.4.5 New Zealand
  • 14.4.6 South Korea
  • 14.4.7 Rest of Asia Pacific
• 14.5 South America
  • 14.5.1 Argentina
  • 14.5.2 Brazil
  • 14.5.3 Chile
  • 14.5.4 Rest of South America
• 14.6 Middle East & Africa
  • 14.6.1 Saudi Arabia
  • 14.6.2 UAE
  • 14.6.3 Qatar
  • 14.6.4 South Africa
  • 14.6.5 Rest of Middle East & Africa

15 Key Developments

• 15.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 15.2 Acquisitions & Mergers
• 15.3 New Product Launch
• 15.4 Expansions
• 15.5 Other Key Strategies

16 Company Profiling

• 16.1 LG Electronics
• 16.2 Panasonic Corporation
• 16.3 Daikin Industries, Ltd.
• 16.4 Mitsubishi Electric Corporation
• 16.5 Fujitsu General
• 16.6 Honeywell International Inc.
• 16.7 Johnson Controls
• 16.8 Nortek Air Solutions
• 16.9 Greenheck Fan Corporation
• 16.10 Lennox International Inc.
• 16.11 Trane Technologies
• 16.12 Carrier Corporation
• 16.13 Munters
• 16.14 Broan-NuTone, LLC
• 16.15 Ruskin
• 16.16 CORE Energy Recovery Solutions
• 16.17 Innergy Tech Inc.
• 16.18 HOLTOP