Heat Recovery Ventilator Market to Reach USD 7.79 Billion by 2030 Amid Rising Demand for Energy-Efficient Indoor Air Solutions

The global heat recovery ventilator (HRV) market is projected to reach USD 5,800.0 million by 2024, and is anticipated to grow at a CAGR of 5.2% from 2025 to 2030, reaching approximately USD 7,788.1 million by 2030. This growth is being driven by increasing awareness of indoor air quality and energy efficiency among consumers and businesses alike.

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Type Insights

The horizontal HRV segment dominated the market with a 74.6% share in 2024. Its compact and flexible installation capabilities make it ideal for homes with attic or crawl space requirements.
Meanwhile, vertical HRVs are gaining traction in commercial and industrial setups, especially in high-ceilinged environments that demand robust airflow and space efficiency.

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Application Insights

The commercial sector accounted for the largest share at 45.8% in 2024, driven by HRVs being increasingly deployed in schools, offices, and healthcare facilities where air quality standards are critical.
In residential spaces, HRVs are becoming essential in tightly sealed homes, improving air exchange while keeping heating and cooling costs down.

Deployment Insights

New installations led the market in 2024, with a 72.1% revenue share, due to the rising emphasis on energy-compliant infrastructure in green building projects. At the same time, replacement demand is gaining pace as property owners look to upgrade outdated systems with modern, energy-efficient models.

Market Dynamics

Key Drivers:

  • Rising energy costs and regulatory pressure are pushing adoption of energy-efficient systems.

  • Sustainable building practices are being integrated across residential, commercial, and industrial construction projects.

  • Increased awareness of indoor air quality and its impact on health and productivity.

Opportunities:

  • Green building certifications and energy standards continue to accelerate HRV installation.

  • Growing construction activities in emerging markets provide a fertile ground for HRV demand.

  • Technological advancements in compact and high-efficiency systems are expanding residential adoption.

Restraints:

  • High upfront installation costs remain a barrier, particularly in price-sensitive markets.

  • Limited awareness in some regions still hinders market penetration despite long-term savings potential.

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