Airside energy-efficient HVAC market expands globally to cut energy costs, meet regulations, finds Navigant Research

by Brianna Crandall — March 1, 2017 — A new report from Navigant Research examines the global market for airside energy-efficient HVAC (heating, ventilation, and air-conditioning) systems by building type, with a focus on airside economizers and energy recovery ventilation systems (ERVs), through 2025.

According to the report, the airside energy-efficient HVAC 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. The global market is expected to grow from $2.7 billion in 2016 to $4.4 billion in 2025.

Benjamin Freas, principal research analyst with Navigant Research, explains:

The climate of the geography where a facility is located, as well as building use, is a key determinant for airside energy efficiency technology. 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, predicts the report.

The Airside Energy Efficiency for HVAC Systems report, available for purchase from Navigant Research, 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 Web site.