MVHR and PIV Market Size, Share, Growth, and Industry Analysis, By Type (MVHR Systems and PIV Systems), By Application (Residential, Commercial, and Industrial), and Regional Insights and Forecast to 2032

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MVHR AND PIV MARKET OVERVIEW

The global MVHR and PIV market size expanded rapidly 3.7 billion in 2023 and the market is projected to grow substantially 7.5 billion by 2032, at a CAGR of 7.40% during forecast period.

The Mechanical Ventilation with Heat Recovery (MVHR) and Positive Input Ventilation (PIV) markets are growing due to energy efficiency and indoor air quality. In MVHR systems, the exhaust air is taken to warm the incoming fresh air, while in PIV systems, air is filtered to create positive pressure. These systems are increasingly being used to achieve energy savings and healthy ventilation, while aligning with green building standards that meet regulations for energy efficiency and sustainability. At the same time, integration of newer IoT systems allows for better regulation of air quality and energy usage, making them increasingly desirable in buildings across residential and commercial sectors.

RUSSIA-UKRAINE WAR IMPACT

Supply chain disruption as well as highly volatile energy prices during the Russia-Ukraine war had impacted the whole market of MVHR and PIV.

The Russia-Ukraine war has, however affected the MVHR and PIV market by disrupting global energy markets and supply chains. Volatility in energy prices tends to be higher in Europe, and the people become very interested in such systems as MVHR that would reduce energy consumption. The conflict has resulted in shortages of key components that increase production costs for manufacturers while increasing lead time. In addition, this uncertainty has already led to slowdowns in construction of large structures, which may slow down demand in commercial and industrial areas. However, increasing importance being placed on energy efficiency ensures that these consumption patterns turn around to boost demand over the near term.

LATEST TREND

Integration of Smart Technologies and Focus on Indoor Air Quality to Drive Market Growth

This industry has seen recent trends toward smart technology and IoT features, offering remote monitoring and adjusting ventilation with respect to air quality, occupancy, and climatic conditions. As the COVID-19 pandemic has developed, so too has interest in indoor air quality, which has included HEPA filters and UV sterilization to filtration systems. Hybrid systems embody both MVHR and PIV, combining more flexibility and efficiency. The quest for sustainability has also enabled innovation among manufacturers as they seek to design energy-efficient and eco-friendly systems. Modular and easy-to-install units are gaining popularity, especially in the retrofit market, which is expanding their usage within all building types.

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MVHR AND PIV MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into MVHR Systems and PIV Systems.

• MVHR Systems: MVHR systems provide heat recovery from exhaust air to preheat incoming fresh air thereby reducing heating energy costs and maintaining excellent indoor air quality. It is widely used in both domestic and commercial markets because of its energy efficiency and making it able to meet the stringent requirement of building regulations.

• PIV Systems: Positive Input Ventilation systems work by bringing filtered air into buildings, thereby creating positive pressure that forces out stale air and reduces condensation and mold problems. These are more effective, for example when dealing with older buildings or those prone to damp problems.

By Application

Based on application, the gobal market is categorized into Residential, Commercial, and Industrial

• Residential: Both MVHR and PIV systems are in great demand in residential areas due to awareness among house owners about energy efficiency and indoor air quality. New construction prefers MVHR much more because of its ability to achieve the energy performance standards.

• Commercial: Commercial buildings like offices, schools, and retail spaces account for a significant share of MVHR systems' market. High demand in this particular sector is observed due to an increased need for efficient ventilation solutions in large areas as well as building legislations.

• Industrial: Many manufacturing facilities, warehouses, and data centers adapt MVHR and PIV systems for optimizing working conditions without unnecessary energy wastage. Within industrial environments where heat recovery is said to potentially save up to 50% of total energy usage, MVHR systems may be particularly useful.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

Increasing Stringency in Energy Efficiency Regulations to Fuel Market

The increasing stringency in energy efficiency regulations being implemented across different regions of the world is one of the most driving factors promoting the MVHR and PIV market growth . Notably, many countries enforce such regulations to reduce the carbon footprint of buildings by enforcing strict compliance of energy-efficient ventilation systems. High efficiency of MVHR systems has made them particularly ideal for these demands. Since the governments worldwide have been forcing people to be environmentally friendly towards building, the demand for MVHR and PIV will rise substantially.

Growing awareness about indoor air quality boosting the market

The growing awareness about indoor air quality and the significance of air quality for healthy wellbeing is also one of the most important drivers for the MVHR and PIV market. Poor indoor air quality has been linked to a plethora of health issues, and during this COVID-19 pandemic, the world has understood better the necessity for proper ventilation in buildings. MVHR and PIV systems address good air quality but importantly also maintain energy efficiency. This awareness is on the run and pushing demand in all segments-from residences to industrial and commercial applications.

Restraining Factor

High Initial Costs and Complexity of Installation to Potentially Hamper Market Growth

The high initial costs of such systems, especially for MVHR, are the principal restraint to the growth of the MVHR and PIV market. Besides that, installation complexity is indeed a significant restraint, especially with respect to building types already erected. The problem with retrofitting MVHR systems is that heavy modifications often require significant alterations to the building, which can be costly and disruptive. In addition, routine maintenance and filter replacement increase the overall cost over time. These factors may disqualify some customers, particularly residential sector or areas where energy prices are very low.

Opportunity

Retrofitting Existing Buildings Creates Opportunity for Growth in the Market

But one of the biggest opportunities in the MVHR and PIV markets is expected in the retrofit market. With every passing day, more people are becoming aware of the importance of energy efficiency and indoor air quality. It fuels interest in upgrading older buildings with new, state-of-the-art ventilation systems. Indeed, PIV systems promise to be one of the easiest and most cost-effective ways of improving ventilation in existing structures. Advances in technology mean that compact and modular designs for MVHR systems are increasingly allowing retrofitting. Government incentives for energy-efficient renovations in most countries are further driving this opportunity.

Challenge

A possible challenge to market growth will emerge from a lack of awareness and technical know-how about MVHR and PIV systems.

While interest in MVHR and PIV systems is growing, the biggest challenge for the market remains low customer awareness and the shortage of suitably trained operatives for installation and maintenance. Most residential and building managers have vague ideas of what these systems are, how they function and work, or their benefits. The installation and servicing of MVHR and PIV systems require technical competencies, which are normally lacking in the majority of technicians. Such ignorance can lead to improper installation or sub-optimal performance and even damage the reputation of the technology, thereby slowing down the market.

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MVHR AND PIV MARKET REGIONAL INSIGHTS

• North America

North America is growing in the MVHR and PIV market, mainly due to awareness of energy efficiency as well as indoor air quality. For the United States MVHR and PIV market , more demand for these systems has shown a high rate of growth across residential and commercial sectors. In many states, stringent energy codes and green building standards are making installs of MVHR systems into new constructions inevitable. The market in the US is also witnessing a trend of PIV systems to address issues of indoor air quality in existing buildings, especially in humid regions.

• Europe

In countries like Germany, the UK, and Scandinavian nations, which are located at the vanguard of adopting this technology, the region still holds the regional market leader in Europe. Strong focus on energy efficiency and sustainability through EU directives and national regulations gives impulse to market growth. Emphasis on nearly zero-energy buildings is placing the MVHR system almost standard for new constructions in Europe. The retrofit market is also going to be strong as most countries offer incentives for energy-efficient home improvements, boosting the demand for both MVHR and PIV systems in existing buildings.

• Asia

The Asia-Pacific region is growing at a rapid pace in the MVHR and PIV market share with growing urbanization, increased awareness of air pollution, and a rising concern for energy efficiency. Countries like China and Japan are witnessing huge takeoffs of such systems in both residential and commercial premises. Market growth in China, for example, is fueled by government policies targeting energy-efficient buildings coupled with increasing demand from the middle class for fresh indoor air. In Japan, energy efficiency after the accident at Fukushima supported high takeoff of MVHRs. It remains in its infancy in developing Southeast Asia but has huge growth potential as more awareness of energy efficiency and indoor air quality surfaces.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market Through Innovation and Market Expansion

Key players in the industry drive the markets of MVHR and PIV by innovation and strategic market expansion. These firms are investing heavily in research and development to ensure that their systems improve efficiency and functionality. Many are typically focused on lines of concentration smart technologies and IoT integrations. Companies increasingly diversify their range of capacities and tailor features for specific kinds of buildings and climates.

Leading players are also extending their distribution channels as well as after-sales services to better penetrate the market. Many are even going into collaborations with building and real estate developers to supply their systems for newly built structures. Consolidation has also become the trend in the market as the bigger HVAC companies are acquiring specific MVHR and PIV manufacturers to add range to their product lines.

List of Top MVHR and PIV Companies

• Zehnder Group (Switzerland)
• Titon Holdings Plc (UK)
• Daikin Industries, Ltd. (Japan)
• Mitsubishi Electric Corporation (Japan)
• Panasonic Corporation (Japan)
• Systemair AB (Sweden)
• Carrier Global Corporation (US)
• Johnson Controls International plc (Ireland)
• Lennox International Inc. (US)
• Volution Group plc (UK)
• Vent-Axia (UK)
• Airflow Developments Limited (UK)

KEY INDUSTRY DEVELOPMENTS

September 2023: Zehnder Group has launched its new series of smart MVHR systems, which boast enhanced IoT capabilities to realize seamless integration with home automation systems as well as real-time air quality monitoring. The product meets the connected and intelligent appetite for a solution in the domestic sector.

REPORT COVERAGE

The report conducts a full SWOT analysis and determines future market development. It follows a list of factors contributing to growth in the market, as well as vast category of market, which would be related to sizeable application potential that can help it grow in the following years. The current trend analyzed consists of historical turning points as well to fully understand the components of the market and identify the potential areas for growth.

Market Trend The growth opportunities for the MVHR and PIV market in the future are largely spurred by the rising awareness about energy efficiency and high-quality indoor air, stringent building regulations, and technological advancement. Despite challenges including high initial costs and complicated installation, in regions with powerful energy, the market is expected to expand a lot.