Report Description Table of Contents The Energy Recovery Ventilation (ERV) system market was worth USD 4.25 billion in 2023 and will be worth USD 8.59 billion by 2030, growing at a CAGR of 9.2% during the forecast period. An energy recovery ventilation (ERV) system is an advanced HVAC component designed to improve indoor air quality while conserving energy. It increases ventilation and reduces energy consumption in residential homes, commercial buildings, and industrial buildings. By 2023, about 15 million recovery air vehicles (ERVs) were installed worldwide. These numbers reflect the increasing adoption of ERV systems in the residential, commercial, and industrial sectors due to their energy-saving and indoor air quality benefits. The average cost to purchase and install an energy recovery ventilation (ERV) system typically ranges from $2,500 to $6,000. The energy recovery ventilation (ERV) system market is witnessing significant growth due to increasing demand for energy-efficient building solutions. This growth is driven by increasing awareness of energy conservation and push for green building standards. For example, the adoption of ERVs in residential buildings will increase by 10% annually as more homeowners seek to reduce heating and cooling costs and improve indoor air quality. Energy Recovery Ventilation Systems: Catalysts for the Growing Green Building Market Several key factors drive the energy recovery ventilation (ERV) system market. Rising energy costs have increased the demand for energy-efficient systems in buildings. For example, energy recovery systems can reduce heating and cooling costs by up to 30%, making them highly attractive to both residential and commercial property owners. By 2023, the global energy-efficient construction market, including ERV systems, will be worth $90 billion, with an expected growth rate of approximately 9% annually. Energy recovery ventilation (ERV) systems offer great opportunities with increasing emphasis on energy efficiency and sustainable building practices. The global green building market, emphasizing energy-efficient technologies, was valued at approximately $365 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 11% by 2028. The increasing adoption of green building standards and regulations, such as LEED (Leadership in Energy and Environmental Design) certification, drives the demand for ERV systems. Market Segmentation The Energy Recovery Ventilation (ERV) system market segmentation is done on the basis of technology, end-use, and region. By Technology: Thermal Wheels Plate Heat Exchangers Run-Around Coil Systems Heat Pipe Systems By End-Use: Residential Buildings Commercial Buildings Industrial Facilities Institutional Buildings (e.g., schools, hospitals) By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific China India South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Saudi Arabia Argentina Uruguay Rest of LAMEA In 2023, North America accounted for approximately 40% of the global market share for ERV systems. This dominance is attributed to the region's strong focus on energy efficiency, sustainable building practices, and significant HVAC technology advancements. For example, the United States and Canada have implemented stringent building codes and energy standards that mandate energy-efficient systems, including ERVs. In the U.S., the International Energy Conservation Code (IECC) sets strict standards for energy efficiency in buildings, including requirements for ventilation systems that reduce energy consumption and maintain indoor air quality nationally market. Furthermore, The market in North America is further supported by high investments in residential and commercial construction, which drive demand for advanced ventilation solutions. For example, the U.S. commercial construction sector saw investments exceeding $900 billion, with numerous projects focused on upgrading building systems to meet higher energy efficiency standards. Government incentives, green building certifications, and a focus on sustainable construction practices are driving increased adoption of ERV systems in residential and commercial sectors. Key Players Johnson Controls Honeywell International Inc. Daikin Industries, Ltd. Trane Technologies plc Mitsubishi Electric Corporation Lennox International Inc. Zehnder Group AG Panasonic Corporation Swegon AB Volution Group plc Energy Recovery Ventilation (ERV) System Market Report Coverage Report Attribute Details Forecast Period 2023 – 2030 Market Size Value in 2023 USD 4.25 billion Revenue Forecast in 2030 USD 8.59 billion Overall Growth Rate CAGR of 9.2% Base Year for Estimation 2022 Historical Data 2017 – 2021 Unit USD Billion, CAGR (2023 - 2030) Segmentation By Technology, By End-Use, By Region By Technology Thermal Wheels, Plate Heat Exchangers, Run-Around Coil Systems, Heat Pipe Systems By End-Use Residential Buildings, Commercial Buildings, Industrial Facilities, Institutional Buildings (e.g., schools, hospitals) By Region North America, Europe, Asia-Pacific, LAMEA Country Scope US, Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Australia, etc. Pricing and Purchase Options Avail customized purchase options to meet your exact research needs. Recent Development In February 2024, Panasonic, a top supplier to the building sector of ventilation and solutions for healthy indoor living, has announced the release of the WhisperComfort® 60 Energy Recovery Ventilator (ERV). The newest member of Panasonic's ERV family, which is HVI-certified for energy recovery and sound, demonstrates the company's commitment to offering whole-house ventilation in an economical and energy-efficient manner. In August 2024, Greenheck added three new versions of high-performance home energy recovery ventilators (ERVs), SYNC-110SEA, SYNC-180TCE, and Assure-140SC, to their lineup. The economical, cold weather-certified Assure-140SC ERV is offered in hardwired and mirrored configurations and has an operational range of 30-160 cfm. The Sync-110SEA is now available in hardwired and mirrored configurations and offers precision balancing to precisely control airflow when combined with the PrecisionSync Controller. With its 9.75" height, the SYNC-110SEA is perfect for installations like drop ceilings and bulkheads with limited room. A top port ERV with an operational range of 75-200 cfm, the SYNC-180TCE provides precision balancing when used with the PrecisionSync Controller and 77% Sensible Recovery Efficiency (SRE). Frequently Asked Question About This Report How big is the Energy Recovery Ventilation (ERV) System Market? The ERV system market was valued at USD 4.25 billion in 2023 and is projected to reach USD 8.59 billion by 2030, growing at a CAGR of 9.2% during the forecast period. What are the key factors driving the growth of the Energy Recovery Ventilation (ERV) System Market? Key drivers include increasing awareness of indoor air quality, rising energy costs prompting the adoption of energy-efficient systems, and supportive government regulations promoting green building technologies. Who are the major players in the Energy Recovery Ventilation (ERV) System Market? Prominent players include Johnson Controls International plc, Daikin Industries, Ltd., Carrier Global Corporation, and Mitsubishi Electric Corporation. Which region held the largest Energy Recovery Ventilation (ERV) System Market share? North America holds a significant market share, driven by stringent building codes and a growing emphasis on energy-efficient infrastructure. Which End-user had the largest Energy Recovery Ventilation (ERV) System Market share? The residential buildings segment accounts for a substantial share, attributed to increasing homeowner awareness of energy savings and indoor air quality. . Table of Contents 1. EXECUTIVE SUMMARY 1.1. Market Attractiveness 1.2. Understanding the Target Customers 1.3. CXO perspective 1.4. Global Energy Recovery Ventilation (ERV) System Market, Historical Market Size & Future Projections Analysis 1.5. Global Energy Recovery Ventilation (ERV) System Market, By Technology 1.6. Global Energy Recovery Ventilation (ERV) System Market, By End User 1.7. Global Energy Recovery Ventilation (ERV) System Market, By Region 2. MARKET SHARE ANALYSIS 2.1. Top 10 Players with Revenue and Sales Volume 2.2. Market Share, 2024 3. SALES VOLUME (METRIC TONNES), BY REGION 3.1. Europe (UK, Germany, France, Netherlands, Italy, Spain, Belgium, Sweden, Denmark, Norway, Aland Islands, Rest of Europe) 3.2. Asia (China, Japan, South Korea, India, Indonesia, Rest of Asia) 3.3. Middle-East (Israel, Saudi Arabia, UAE, Qatar, Egypt, Kuwait, Bahrain, and Others) 4. INVESTMENT OPPORTUNITIES IN THE MARKET 4.1. On Going Market Developments 4.2. Merger & Acquisition Trends 4.3. Key Investment Opportunities 4.4. Most Potential Technology Segments from Growth and Investment Perspective 5. MARKET INTRODUCTION 5.1. Definition 5.2. Scope of the Study 5.3. Market Structure 5.4. Macro Factor Indicator Analysis 5.5. Key findings 5.5.1. Top investment pockets 6. RESEARCH METHODOLOGY 6.1. Research Process 6.2. Primary Research 6.3. Secondary Research 6.4. Market Size Estimation 6.5. Forecast Model 7. MARKET DYNAMICS 7.1. Introduction 7.2. Drivers 7.3. Restraints 7.4. Opportunities 7.5. Challenges 7.6. Covid 19 Impact Analysis 8. GLOBAL ENERGY RECOVERY VENTILATION (ERV) SYSTEM MARKET ANALYSIS BY SEGMENT (REGION LEVEL ANALYSIS) 8.1. Overview 8.2. Global Energy Recovery Ventilation (ERV) System Historical Market size ($MILLION), Sales Volume, (2022 – 2032) 8.3. Global Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032) 8.4. Global Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Technology 8.4.1. Thermal Wheels 8.4.2. Plate Heat Exchangers 8.4.3. Run-Around Coil Systems 8.4.4. Heat Pipe Systems 8.5. Global Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By End-User 8.5.1. Residential Buildings 8.5.2. Commercial Buildings 8.5.3. Industrial Facilities 8.5.4. Institutional Buildings (e.g., schools, hospitals) 8.6. Global Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Geography 8.6.1. Asia 8.6.2. North America 8.6.3. Europe 8.6.4. Middle East 9. NORTH AMERICA ENERGY RECOVERY VENTILATION (ERV) SYSTEM MARKET ANALYSIS BY SEGMENT (REGION LEVEL ANALYSIS) 9.1. Overview 9.2. North America Energy Recovery Ventilation (ERV) System Historical Market size ($MILLION), Sales Volume, (2022 – 2032) 9.3. North America Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032) 9.4. North America Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Technology 9.4.1. Thermal Wheels 9.4.2. Plate Heat Exchangers 9.4.3. Run-Around Coil Systems 9.4.4. Heat Pipe Systems 9.5. North America Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By End-User 9.5.1. Residential Buildings 9.5.2. Commercial Buildings 9.5.3. Industrial Facilities 9.5.4. Institutional Buildings (e.g., schools, hospitals) 9.6. North America Construction Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Geography 9.6.1. USA 9.6.2. Canada 9.6.3. Rest of North America 10. EUROPE GLOBAL ENERGY RECOVERY VENTILATION (ERV) SYSTEM MARKET ANALYSIS 10.1. Overview 10.2. Europe Energy Recovery Ventilation (ERV) System Historical Market size ($MILLION), Sales Volume, (2022 – 2032) 10.3. Europe Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032) 10.4. Europe Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Technology 10.4.1. Thermal Wheels 10.4.2. Plate Heat Exchangers 10.4.3. Run-Around Coil Systems 10.4.4. Heat Pipe Systems 10.5. Europe Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By End-User 10.5.1. Residential Buildings 10.5.2. Commercial Buildings 10.5.3. Industrial Facilities 10.5.4. Institutional Buildings (e.g., schools, hospitals) 10.6. Europe Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Region 10.6.1. Germany 10.6.2. UK 10.6.3. France 10.6.4. Spain 10.6.5. Italy 10.6.6. Benelux 10.6.7. Rest of Europe 11. ASIA PACIFIC ENERGY RECOVERY VENTILATION (ERV) SYSTEM MARKET ANALYSIS 11.1. Overview 11.2. Asia Pacific Energy Recovery Ventilation (ERV) System Historical Market size ($MILLION), Sales Volume, (2022 – 2032) 11.3. Asia Pacific Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032) 11.4. Asia Pacific Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Technology 11.4.1. Thermal Wheels 11.4.2. Plate Heat Exchangers 11.4.3. Run-Around Coil Systems 11.4.4. Heat Pipe Systems 11.5. Asia Pacific Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By End-User 11.5.1. Residential Buildings 11.5.2. Commercial Buildings 11.5.3. Industrial Facilities 11.5.4. Institutional Buildings (e.g., schools, hospitals) 11.6. Asia Pacific Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Region 11.6.1. China 11.6.2. Japan 11.6.3. Korea 11.6.4. India 11.6.5. Indonesia 11.6.6. Rest of Asia 12. REST OF THE WORLD ENERGY RECOVERY VENTILATION (ERV) SYSTEM MARKET ANALYSIS 12.1. Overview 12.2. Rest of the World Energy Recovery Ventilation (ERV) System Market Historical Market size ($MILLION), Sales Volume, (2022 – 2032) 12.3. Rest of the World Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032) 12.4. Rest of the World Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Technology 12.4.1. Thermal Wheels 12.4.2. Plate Heat Exchangers 12.4.3. Run-Around Coil Systems 12.4.4. Heat Pipe Systems 12.5. Rest of the World Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By End-User 12.5.1. Residential Buildings 12.5.2. Commercial Buildings 12.5.3. Industrial Facilities 12.5.4. Institutional Buildings (e.g., schools, hospitals) 12.6. Rest of the World Energy Recovery Ventilation (ERV) System Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Region 12.6.1. Latin America 12.6.2. Middle East 12.6.3. Africa 13. COMPANY PROFILES 13.1. JOHNSON CONTROLS 13.1.1. Company Overview 13.1.2. Company Snapshot 13.1.3. Operating business segments 13.1.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business 13.1.5. Key business performances, strategies and developments 13.2. HONEYWELL INTERNATIONAL INC. 13.2.1. Company Overview 13.2.2. Company Snapshot 13.2.3. Operating business segments 13.2.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business 13.2.5. Key business performances, strategies and developments 13.3. DAIKIN INDUSTRIES, LTD. 13.3.1. Company Overview 13.3.2. Company Snapshot 13.3.3. Operating business segments 13.3.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business 13.3.5. Key business performances, strategies and developments 13.4. TRANE TECHNOLOGIES PLC 13.4.1. Company Overview 13.4.2. Company Snapshot 13.4.3. Operating business segments 13.4.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business 13.4.5. Key business performances, strategies and developments 13.5. MITSUBISHI ELECTRIC CORPORATION 13.5.1. Company Overview 13.5.2. Company Snapshot 13.5.3. Operating business segments 13.5.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business 13.5.5. Key business performances, strategies and developments 13.6. LENNOX INTERNATIONAL INC. 13.6.1. Company Overview 13.6.2. Company Snapshot 13.6.3. Operating business segments 13.6.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business 13.6.5. Key business performances, strategies and developments 13.7. ZEHNDER GROUP AG 13.7.1. Company Overview 13.7.2. Company Snapshot 13.7.3. Operating business segments 13.7.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business 13.7.5. Key business performances, strategies and developments 13.8. PANASONIC CORPORATION 13.8.1. Company Overview 13.8.2. Company Snapshot 13.8.3. Operating business segments 13.8.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business 13.8.5. Key business performances, strategies and developments 13.9. VOLUTION GROUP PLC 13.9.1. Company Overview 13.9.2. Company Snapshot 13.9.3. Operating business segments 13.9.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business 13.9.5. Key business performances, strategies and developments 13.10. OTHER MARKET PLAYERS 13.10.1. Company Overview 13.10.2. Company Snapshot 13.10.3. Operating business segments 13.10.4. Technology offered and Revenue from Global Energy Recovery Ventilation (ERV) System Business 13.10.5. Key business performances, strategies and developments LIST OF TABLES 1. TABLE: MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 2. TABLE: MARKET FOR THERMAL WHEELS, BY REGION, 2024-2032 (USD MILLION) 3. TABLE: MARKET FOR PLATE HEAT EXCHANGERS, BY REGION, 2024-2032 (USD MILLION) 4. TABLE: MARKET FOR RUN-AROUND COIL SYSTEMS, BY REGION, 2024-2032 (USD MILLION) 5. TABLE: MARKET FOR HEAT PIPE SYSTEMS, BY REGION, 2024-2032 (USD MILLION) 6. TABLE: MARKET FOR OTHERS, BY REGION, 2024-2032 (USD MILLION) 7. TABLE: MARKET, BY END USER, 2024-2032 (USD MILLION) 8. TABLE: MARKET FOR RESIDENTIAL BUILDINGS, BY REGION, 2024-2032 (USD MILLION) 9. TABLE: MARKET FOR COMMERCIAL BUILDINGS, BY REGION, 2024-2032 (USD MILLION) 10. TABLE: MARKET FOR INDUSTRIAL FACILITIES, BY REGION, 2024-2032 (USD MILLION) 11. TABLE: MARKET FOR INSTITUTIONAL BUILDINGS (E.G., SCHOOLS, HOSPITALS), BY REGION, 2024-2032 (USD MILLION) 12. TABLE: MARKET FOR OTHERS, BY REGION, 2024-2032 (USD MILLION) 13. TABLE: MARKET, BY REGION, 2024-2032 (USD MILLION) 14. TABLE: NORTH AMERICA MARKET, BY REGION, 2024-2032 (USD MILLION) 15. TABLE: NORTH AMERICA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 16. TABLE: NORTH AMERICA MARKET, BY END USER, 2024-2032 (USD MILLION) 17. TABLE: USA MARKET BY TECHNOLOGY, 2024-2032 (USD MILLION) 18. TABLE: USA MARKET, BY END USER, 2024-2032 (USD MILLION) 19. TABLE: CALIFORNIA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 20. TABLE: CALIFORNIA MARKET, BY END USER, 2024-2032 (USD MILLION) 21. TABLE: TEXAS MARKET BY TECHNOLOGY, 2024-2032 (USD MILLION) 22. TABLE: TEXAS MARKET, BY END USER, 2024-2032 (USD MILLION) 23. TABLE: FLORIDA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 24. TABLE: FLORIDA MARKET, BY END USER, 2024-2032 (USD MILLION) 25. TABLE: CANADA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 26. TABLE: CANADA MARKET, BY END USER, 2024-2032 (USD MILLION) 27. TABLE: MEXICO MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 28. TABLE: MEXICO MARKET, BY END USER, 2024-2032 (USD MILLION) 29. TABLE: REST OF NORTH AMERICA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 30. TABLE: REST OF NORTH AMERICA MARKET, BY END USER, 2024-2032 (USD MILLION) 31. TABLE: EUROPE MARKET, BY REGION, 2024-2032 (USD MILLION) 32. TABLE: EUROPE MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 33. TABLE: EUROPE MARKET, BY END USER, 2024-2032 (USD MILLION) 34. TABLE: UK MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 35. TABLE: EUROPE MARKET, BY END USER, 2024-2032 (USD MILLION) 36. TABLE: SPAIN MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 37. TABLE: SPAIN MARKET, BY END USER, 2024-2032 (USD MILLION) 38. TABLE: BELGIUM MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 39. TABLE: BELGIUM MARKET, BY END USER, 2024-2032 (USD MILLION) 40. TABLE: SCANDINAVIAN MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 41. TABLE: SCANDINAVIAN MARKET, BY END USER, 2024-2032 (USD MILLION) 42. TABLE: GERMANY MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 43. TABLE: GERMANY MARKET, BY END USER, 2024-2032 (USD MILLION) 44. TABLE: FRANCE MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 45. TABLE: FRANCE MARKET, BY END USER, 2024-2032 (USD MILLION) 46. TABLE: ITALY MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 47. TABLE: ITALY MARKET, BY END USER, 2024-2032 (USD MILLION) 48. TABLE: REST OF EUROPE MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 49. TABLE: REST OF EUROPE MARKET, BY END USER, 2024-2032 (USD MILLION) 50. TABLE: ASIA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 51. TABLE: ASIA MARKET, BY END USER, 2024-2032 (USD MILLION) 52. TABLE: CHINA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 53. TABLE: CHINA MARKET, BY END USER, 2024-2032 (USD MILLION) 54. TABLE: INDIA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 55. TABLE: INDIA MARKET, BY END USER, 2024-2032 (USD MILLION) 56. TABLE: JAPAN MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 57. TABLE: JAPAN MARKET, BY END USER, 2024-2032 (USD MILLION) 58. TABLE: SOUTH KOREA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 59. TABLE: SOUTH KOREA MARKET, BY END USER, 2024-2032 (USD MILLION) 60. TABLE: INDONESIA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 61. TABLE: INDONESIA MARKET, BY END USER, 2024-2032 (USD MILLION) 62. TABLE: REST OF ASIA MARKET, BY TECHNOLOGY, 2024-2032 (USD MILLION) 63. TABLE: REST OF ASIA MARKET, BY END USER, 2024-2032 (USD MILLION) 64. TABLE: REST OF THE WORLD MARKET, BY TECHNOLOGY,, 2024-2032 (USD MILLION) 65. TABLE: REST OF THE WORLD MARKET, BY END USER, 2024-2032 (USD MILLION) 66. TABLE: HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 67. TABLE: HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS 68. TABLE: DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT 69. TABLE: DAIKIN INDUSTRIES, LTD.: OPERATING SEGMENTS 70. TABLE: TRANE TECHNOLOGIES PLC: COMPANY SNAPSHOT 71. TABLE: TRANE TECHNOLOGIES PLC: OPERATING SEGMENTS 72. TABLE: JOHNSON CONTROLS COMPANY SNAPSHOT 73. TABLE: JOHNSON CONTROLS OPERATING SEGMENTS 74. TABLE: MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 75. TABLE: MITSUBISHI ELECTRIC CORPORATION: OPERATING SEGMENTS 76. TABLE: LENNOX INTERNATIONAL INC.: COMPANY SNAPSHOT 77. TABLE: LENNOX INTERNATIONAL INC.: OPERATING SEGMENTS 78. TABLE: ZEHNDER GROUP AG: COMPANY SNAPSHOT 79. TABLE: ZEHNDER GROUP AG: OPERATING SEGMENTS 80. TABLE: PANASONIC CORPORATION: COMPANY SNAPSHOT 81. TABLE: PANASONIC CORPORATION: OPERATING SEGMENTS 82. TABLE: VOLUTION GROUP PLC: COMPANY SNAPSHOT 83. TABLE: VOLUTION GROUP PLC: OPERATING SEGMENTS LIST OF FIGURES 1. Figure: Market: Research Methodology Steps 2. Figure: Research Design 3. Figure: Breakdown of Primaries: Market 4. Figure: Research Methodology: Hypothesis Building 5. Figure: Market: Technology and Service-Based Estimation 6. Figure: Top 10 Companies with Highest No. Of Patent in Last 9 Years 7. Figure: Growth Strategies Adopted by the Key Players 8. Figure: No. of Patents Granted Per Year, 2024–2032 9. Figure: Data Triangulation Methodology 10. Figure: Dominating Market Share, By Technology, 2024 vs. 2032 (USD MILLION) 11. Figure: Dominating Market Share, By Application, 2024 vs. 2032 (USD MILLION) 12. Figure: Dominating Market Share, By Power Output, 2024 vs. 2032 (USD MILLION) 13. Figure: Dominating Market Share, By End User, 2024 vs. 2032 (USD MILLION) 14. Figure: Geographical Snapshot of the Market 15. Figure: Thermal Wheels to Witness Higher Share in the Market for Technology Segment during the Forecast Period. 16. Figure: North America Accounted for the Largest Share of the Market, By Regional Basis, in 2024 17. Figure: Market: Drivers, Restraints, Opportunities, and Challenges 18. Figure: Asia: Market Snapshot 19. Figure: Europe: Market Snapshot 20. Figure: Middle East: Market Snapshot 21. Figure: Vendor Dive: Evaluation Overview 22. Figure: Energy Recovery Ventilation (ERV) System: Competitive Benchmarking 23. Figure: Honeywell International Inc.: Financial Overview (2024-2032) 24. Figure: Daikin Industries, Ltd.: Financial Overview (2024-2032) 25. Figure: JOHNSON CONTROLS Financial Overview (2024-2032) 26. Figure: MITSUBISHI ELECTRIC CORPORATION: Financial Overview (2024-2032) 27. Figure: Lennox International Inc.: Financial Overview (2024-2032) 28. Figure: Panasonic Corporation: Financial Overview (2024-2032) 29. Figure: Volution Group plc: Financial Overview (2024-2032)