Markets with stricter environmental regulations are expected to adopt airside energy efficient HVAC technologies rapidly during the next decade
A new report from Navigant Research examines the global market for airside energy efficient heating, ventilation, and air conditioning (HVAC) systems, with a focus on airside economizers and energy recovery ventilation systems (ERVs). Market forecasts, broken out by region and building type, extend through 2025.
The airside energy efficiency market is expanding globally as the need for higher ventilation competes with the need for lower energy costs. Installing airside energy efficient systems is a relatively inexpensive way to ensure continued savings, especially in highly conditioned buildings such as data centers. Click to tweet: According to a new report from @NavigantRSRCH, the global airside energy efficient HVAC market is expected to grow from $2.7 billion in 2016 to $4.4 billion in 2025.
“The climate of the geography where a facility is located, as well as building use, is a key determinant for airside energy efficiency technology,” says Benjamin Freas, principal research analyst with Navigant Research. “Economizers tend to perform best in buildings in mild climates, particularly where the cooling load is high and there are many annual hours of free cooling. ERVs, on the other hand, tend to save the most energy in cold and humid climates and in buildings with many occupants that benefit from the preconditioning.”
North America and Europe, markets with stricter energy efficiency regulations, are expected to grow rapidly during the next decade, with Europe accounting for more than half of the ERV market by 2025. Other global regions, such as Asia Pacific, will experience growth primarily as cities become denser and the building stock expands, according to the report.
The report, Airside Energy Efficiency for HVAC Systems, analyzes the global market for airside energy efficient HVAC systems, with a focus on airside economizers and ERVs. The study provides an analysis of the market issues, including drivers and barriers, associated with airside energy efficiency. Global market forecasts for airside economizers and ERVs, broken out by region and building type, extend through 2025. The report also examines the key technologies related to airside energy efficiency, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Airside Energy Efficiency for HVAC Systems, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.