latest trends in the residential balanced ventilators market
TRANSCRIPT
Global Residential Balanced
Ventilators Market
To reduce pressure variations in internal
environments
GROWING GLOBAL CONCERNS REGARDING INDOOR AIR QUALITY
Degenerating indoor air quality leads to cardiovascular and respiratory illnesses, leading to diseases such as asthma, bronchitis, emphysema, and cancer.
Balanced ventilators facilitate the entry of fresh air into homes and blow out stale internal air.
Controlling indoor air pollutants helps in regulating the quality of internal air. This makes residents less prone to respiratory ailments and health hazards.
The global residential balanced ventilators market is expected to grow at a CAGR of around 7% through 2022.
Technological advancements and new product development have ensured that the existing vendors retain and expand their customer base. .
For instance, FLEX 100H ES HRV is Home Ventilating Institute (HVI)- certified and ENERGY STAR qualified. The product comes with ECO-Touch wall control panel.
THE MARKET IS FUELED BY TECHNOLOGICAL INNOVATIONS
WORLD'S TOP BRANDS LEAD THE WAY
Blauberg Group Broan Honeywell International Panasonic Corporation Soler & Palau Ventilation Group Systemair
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The residential balanced ventilators market is highly concentrated due to the presence of key companies.
APAC LED THE RESIDENTIAL VENTILATOR MARKET
In 2017, APAC dominated the global residential balanced ventilators market. The region had China as the maximum revenue generator. This growth in the region was followed by the Americas and EMEA.
Over 42% of the overall market share comes from APAC.
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ERVS LED THE PRODUCT SEGMENT
The residential balanced ventilators market can be segmented into two product types, which includes, ERVs and HRVs. In 2017, the ERVs segment dominated the market with the share of around 65.46%.
ERVs are majorly used in humid climates. However, they find uses in multiple climatic conditions as well.
HRVs are used in cold climatic conditions that are characterized by low humidity levels.
is expected to achieve by ERVs segment by 2022
66.30%
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