MVHR Market Size and Predictions for 2021-2026

According to recent research by Verified Market Research, it is estimated that the MVHR market is expected to reach over USD4.9 billion by the year 2026. The market was only worth about USD2 billion in 2018. According to the same research, the market is expected to see a CAGR of 11.9% from the year 2019 to 2026.

The latest survey on the global MVHR market was conducted by covering various organisations in the sector across the world. It resulted in a detailed 100-page report. The report aims to present a thorough analysis of the market based on application, type, and region. These include Europe, North America, Africa, the Middle East, Asia-Pacific, and South America. The report also touches on emerging trends in the market along with challenges, opportunities, and main drivers.

What is MVHR?

MVHR systems can use air transfer and mechanical ventilation to reduce energy waste. They do this by conditioning air that is coming in with the air that is coming out, whether it has been cooled or heated.

Note that the technology is used in both residential and commercial settings, especially office spaces. Those who want more information on residential units would be wise to visit https://www.bpcventilation.ie/ .
MVHR units could see a rise in popularity thanks to their ability to purify the air and reduce its concentration of allergens and pathogens. Commercial offices can also benefit from these units by providing better air quality to their employees, which has been shown to boost productivity and reduce absenteeism due to health reasons.

Global MVHR Market Outlook

The future looks bright for MVHR with more and more families and companies looking to increase the air quality in their premises. In the United States, new rules and legislation like the EPBD and ERP Directive LOT 6, Part L, Part F, and ODS Regulation, among others, are pushing demand in the market. In the UK, the recovering economy is having an impact on domestic and non-domestic construction, which also influences the market.
Not to mention that there is a lot of replacement opportunities both at the domestic and commercial level. There is also a fairly large number of buildings that still don’t have adequate ventilation.

Other Factors Pushing the Demand

A push towards austerity could also increase demand for these types of systems. MVHR units can allow homeowners to save anywhere from 25% to 50% on their energy consumption. Also, many homeowners may want to increase the value of their property during these times, and adding advanced ventilation that can reduce overall costs is a great way to increase the value and attractiveness of a property. There’s also the fact that the technology has not fully penetrated the US market for residential applications, which represents huge untapped possibilities.
The future of MVHR technology seems to be very bright and many factors are contributing to this trend. They offer savings at a time when many homeowners need it the most, are versatile, and a great way to make a property stand out in a crowded market.

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Due to increased awareness of poor indoor air quality and the affects on our health caused by insulating the walls and ceilings and making our houses more airtight, BPC Ventilation was started.

This release was published on openPR.