Published on : Jul 10, 2020
Mechanical ventilation with heat recovery or MVHR system offers filtered, fresh air into a building and retains most of the used energy at the same time. This retained energy refers to the one that has been utilized in the process of generating heat for the building. Mechanical ventilation with heat recovery system is what smart buildings need for solution to its ventilation needs. The product is also known as comfort ventilation or heat recovery ventilation system. Once fitted into a building, the system supplies fresh filtered air and maintain quality of air at the same time.
The global mechanical ventilation with heat recovery (MVHR) system market is likely to gather momentum from the increasing demand for energy efficient systems in the building sector. The system is often installed in newly built buildings to control quality of air and to lessen the cost of running at the same time. Northern Europe traditionally emphasize on use of the mechanical ventilation with heat recovery system to diminish the amount of energy needed to heat the incoming filtered air.
EnviroVent Limited, NuAire, Inc., Mitsubishi Electric Corporation, Hero Renewables Ltd., Carrier Corporation, and Heatrae Sadia are some of the prominent market vendors in the global mechanical ventilation with heat recovery (MVHR) system market.
Europe and North America to Remain Dominant Regions of the Market during Forecast Period
The global mechanical ventilation with heat recovery (MVHR) system market is split into overall five key regions. The segmentation comprises Latin America, Asia Pacific, North America, the Middle East and Africa, and Europe. Analysis of each of the regions is estimated to offer a deep insight into the global mechanical ventilation with heat recovery (MVHR) system market. Besides, regions-based analysis is likely to help the stakeholders understand both the macro- and mico-level elements at play in defining the future course of the market.
Both North America and Europe are likely to come up as major contributors in the global mechanical ventilation with heat recovery (MVHR) system market. The growing need to reduce energy bills and ensure availability of fresh, good quality indoor air at the same time is likely to push for increased adoption of the system in these regions.
Furthermore, growing concern for the environment is likely to energy as another important factor contributing toward the development of the global mechanical ventilation with heat recovery (MVHR) system market over the period of assessment. Furthermore, stringent government regulations emphasizing on the use of energy-efficient and clean systems is also estimated to support growth of the market.
Asia Pacific is expected to emerge as a prominent and a rapidly growing region in the market due to growing concern about the environment. Rise in disposable income coupled with emergence of smart buildings in countries like China and India is likely to support favorable growth of the mechanical ventilation with heat recovery (MVHR) system market in Asia Pacific.
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Emergence of Smart Buildings to Spell Growth for the Market
The global mechanical ventilation with heat recovery (MVHR) system market is primarily driven by the emergence of smart buildings and stringent government regulations. As the building air tightness standards get more stringent and overheating has become more of a problem these days.
A mechanical ventilation with heat recovery system connected with a simple glycol/water sub-soil heat exchanger could supply cooling needs of the buildings. It also maintains quality of the air at the same time. The system comes with several benefits, which make it a popular choice for ventilation needs in many parts of the world.
Growing concern for rising energy bills together with concern for the environment is likely to be addressed by the use of mechanical ventilation with heat recovery system. It reduces the need for air conditioners and filters out excessive moisture out of the buildings. Availability of fresh air improves health of people living inside the building fitted with the system.