HRV

What HRV does

HRV (HRV NZ Limited) is a New Zealand-based private company founded in 2003 that specialises in residential home ventilation, heating, air conditioning, hot water heating, water filtration, and EV charging services. The company operates 17 regional offices across New Zealand — staffed by professionally-trained local electricians — and has installed products in over 500,000 New Zealand households, holding Reader's Digest's "Most Trusted Home Ventilation Brand" recognition for five consecutive years since 2022. Its core proprietary technology centres on positive pressure ventilation systems (HRV AirSense, Classic, Classic Pro, Classic Lite) and balanced heat recovery ventilation systems (HRV Balanced, Lossnay), complemented by branded heat pumps (Haier, Panasonic, Mitsubishi, Pioneer, NOBO panel heaters), hot water heat pumps, whole-home water filtration, and EV chargers. Advanced F8-grade filtration and NanoLayr nanofibre filter technology underpin the indoor air quality proposition, with BRANZ Appraised product status providing independent technical validation.

Name

HRV

Legal name

HRV NZ Limited

Website

https://hrv.co.nz

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

501–1,000 employees

Short description

HRV is a New Zealand private company, founded in 2003, that sells and installs residential ventilation, heat pumps, water filtration, and EV charging products across 17 regional offices, serving over 500,000 New Zealand households through a direct-to-consumer field sales and installation model.

Ownership category

akta.pro rank

Product category

Home Ventilation and HVAC Systems

NAICS

Plumbing, Heating, and Air-Conditioning Contractors (238220), Plumbing, Heating, and Air-Conditioning Contractors (23822), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Auto Controls For Regulating Residential & Comml Environments (3822), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564)

akta.pro primary industry

Ventilation System Installation (Exhaust Fans, ERV/HRV, Make-Up Air) (HSAOAGAI)

akta.pro secondary industries

Ventilation System Installation & Repair (Bath/Kitchen Fans, ERV/HRV) (HSAOAIAF), HVAC Service, Maintenance & Repair (BPABACAA), Heat Pump Repair & Maintenance (HSAOAHAD)

Keywords

• Home ventilation systems
• Heat pump installation
• Water filtration systems
• EV home chargers
• Indoor air quality

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Offices17 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Ventilation, Heat Pump and Air Conditioning Equipment Sales and Installation: HRV sells and installs home ventilation systems (HRV AirSense range), heat pumps and air conditioners (Mitsubishi, Panasonic, Haier, Pioneer, Nobo brands), hot water heat pumps, water filtration systems, and EV chargers. Installation is performed by professionally-trained local electricians who hold a certificate of compliance for electrical work. Products are sold directly to homeowners and landlords through in-home assessments and the online store.
2. Ongoing Servicing, Filter Replacement and Parts/Accessories: Recurring revenue from annual filter changes, 15-step professional servicing (ventilation, heat pump, and water filtration), and sale of replacement filters and hardware through the HRV online store (shop.hrv.co.nz). Servicing is recommended every 12 months for filter changes, with full end-to-end professional service providing inspection and genuine part replacement.
3. Financing Plans (Interest-Free Credit): HRV offers interest-free payment plans (24-months interest-free via GEM Visa and Q Mastercard; 12-months interest-free) enabling customers to spread the cost of purchases, with terms and conditions applying. This financing option supports higher-value purchases and drives conversion.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

HRV sells, installs, and services home ventilation systems (HRV AirSense positive pressure and balanced heat recovery models), heat pumps and air conditioners (Mitsubishi, Panasonic, Haier, Pioneer, NOBO), hot water heat pumps, whole-home and reverse osmosis water filtration systems, and EV chargers for New Zealand residential customers. The company also provides recurring servicing including annual filter changes and 15-step professional maintenance through its 17 regional offices across New Zealand.

Product overview

HRV is a New Zealand home ventilation, heating, cooling, and water purification company offering a comprehensive product portfolio. The core offering centers on mechanical ventilation systems including the AirSense™ (positive pressure and balanced variants), Classic, Classic Pro, Classic Lite, and Lossnay balanced heat recovery systems. These ventilation products are complemented by heat pump solutions (Haier, Panasonic, Mitsubishi, Pioneer, NOBO panel heaters), hot water heat pumps (Haier), water filtration systems (whole home, tank, reverse osmosis), EV chargers, and accessories (Summer Kit, Vortex Extractor Fan, IntelliSwitch, Heat Transfer Kit). HRV primarily serves residential customers across New Zealand, offering installation, servicing, and maintenance through a network of regional offices and partners.

Differentiator

Problem solved

Functional benefit

Brands

• HRV AirSense™: Positive pressure ventilation system with advanced filtration technology for home ventilation.
• Lossnay

Products and services

• HRV AirSense Ventilation System HRV's primary positive pressure ventilation system that takes drier air from the ceiling space, filters it through high-performance filtration, and distributes it into living areas to reduce excess moisture. The AirSense Balanced variant is a balanced pressure system ideal for modern homes with tightly sealed windows and doors. Targeted at NZ residential homeowners seeking mould, condensation, and indoor air quality solutions.
• HRV Classic Ventilation System Traditional positive pressure ventilation system drawing air from roof cavity, filtering it, and distributing throughout the home to reduce moisture and improve indoor air quality. Targeted at NZ residential homeowners.
• HRV Classic Pro Ventilation System Enhanced positive pressure ventilation system with advanced filtration capabilities, suitable for homes requiring stronger airflow and moisture control. Targeted at NZ residential homeowners.
• HRV Balanced Heat Recovery Ventilation System Balanced heat recovery ventilation system that extracts damp air from wet rooms while simultaneously bringing in fresh outdoor air through advanced filters, featuring a heat exchanger to retain home warmth. Targeted at NZ residential homeowners with tightly sealed modern homes.
• Lossnay Ventilation System Premium balanced ventilation system featuring a heat exchanger that transfers warmth from outgoing stale air to incoming fresh air without mixing airflows, retaining home heat while providing fresh air. Targeted at NZ residential homeowners seeking heat recovery ventilation.
• Mitsubishi Heat Pumps Mitsubishi heat pump and air conditioning products including single room, multi-room, and ducted heating and ventilation systems. Targeted at NZ residential homeowners.
• Panasonic Heat Pumps Panasonic heat pump and air conditioning solutions offered by HRV, including single room, multi-room, and ducted whole-home systems. Targeted at NZ residential homeowners.
• Haier Heat Pumps HRV offers Haier heat pump solutions including Quartz Plus single room units, multi-split systems, floor consoles, and ducted configurations for heating and cooling applications. Targeted at NZ residential homeowners.
• Pioneer Heat Pumps Pioneer brand single room heat pump solutions offered through HRV for heating and cooling applications. Targeted at NZ residential homeowners.
• NOBO Panel Heaters Electric panel heater range with WiFi connectivity for smart home heating control. Targeted at NZ residential homeowners seeking supplementary heating.
• Haier Hot Water Heat Pumps Energy-efficient hot water heat pump systems using 60-75% less electricity than standard electric systems. Targeted at NZ residential homeowners seeking efficient hot water solutions.
• Whole Home Water Filtration System Complete home water filtration systems that filter water before it enters the home's system, providing clean water for drinking, washing, and laundry. Targeted at NZ residential homeowners on mains water supply.
• Tank Water Filtration System Water filtration solution for homes using tank water, bores, stream collection, or other alternative water sources, with laboratory water testing included. Targeted at NZ residential homeowners on tank water.
• Reverse Osmosis Filtration System Advanced water purification system providing high-quality filtered drinking water through reverse osmosis technology. Targeted at NZ residential homeowners seeking premium drinking water quality.
• HRV Electric Vehicle Chargers Home EV charging solutions installed by HRV's licensed electricians, with installation, certification, and maintenance services for EV wall chargers. Targeted at NZ residential EV owners.
• Vortex Extractor Fan Intelligent bathroom and laundry extractor fan that efficiently removes steam and condensation from bathrooms and laundry areas, preventing moisture spread to other areas of the home. Targeted at NZ residential homeowners.
• Annual Filter Replacement and Professional Servicing 15-step professional servicing covering ventilation, heat pump, and water filtration systems, with annual filter changes recommended every 12 months and inspection with genuine part replacement. Targeted at existing HRV customers across New Zealand.

Quantifiable outcome

• 500,000+ New Zealand households have an HRV product installed
• +8 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Sensitive Choice (NZ)coreGTM or Marketing PartnerHRV is the only home ventilation company in New Zealand endorsed by the Sensitive Choice programme for their ventilation systems and Vortex extractor fan. The Sensitive Choice blue butterfly logo indicates the product has been reviewed and approved for helping reduce asthma and allergy triggers. This endorsement is a significant trust signal for customers seeking solutions for respiratory health.
• Asthma and Respiratory Foundation NZcoreGTM or Marketing PartnerHRV is proud to partner with and support the Asthma and Respiratory Foundation NZ. This partnership positions HRV as a company committed to respiratory health in New Zealand homes and aligns the HRV brand with the Foundation's health mission.
• Allergy New ZealandcoreGTM or Marketing PartnerHRV is proud to partner with and support Allergy New Zealand. This partnership supports HRV's positioning around allergy and asthma trigger reduction through advanced filtration, and provides credibility for the company's indoor air quality claims.
• BRANZ (Building Research Association of New Zealand)coreTechnology or IntegrationHRV home ventilation is an independently evaluated BRANZ Appraised product. BRANZ conducts rigorous independent evaluation of building products for performance, fitness for purpose, and compliance with New Zealand building standards. The BRANZ Appraised status is a significant quality and compliance credential in the New Zealand construction and building industry.
• Three Network (ThreeNews Weather)minorGTM or Marketing PartnerHRV is proud to sponsor ThreeNews Weather, helping more Kiwis stay informed and comfortable in every season. This broadcast sponsorship provides brand visibility and trust through association with a major New Zealand media network.
• Warmer Kiwi Homes (NZ Government)coreGTM or Marketing PartnerHRV is an approved supplier for the Warmer Kiwi Homes programme, a New Zealand government initiative that has helped fund heat pump installations for thousands of NZ homes. The programme offers up to 90% heat pump installation subsidies for eligible homeowners in Auckland, Bay of Plenty, Hawkes Bay, Taranaki, Wellington, and Christchurch. As an approved supplier, HRV handles assessments, quotes, and installations under the government subsidy scheme.

Scale indicators4 records

Recent moves1 record

Expansion highlights5 records

Broad incumbents

• Fletcher Building (Residential): Fletcher Building is a large NZ construction and building products incumbent with adjacent exposure to residential home services. It is comparable to HRV as a broad incumbent operating across the NZ residential building/services value chain.
• Panasonic New Zealand: Panasonic supplies the ducted and high-wall heat pumps HRV installs and also distributes through its own NZ dealer channel. It competes for the same residential climate-control wallet share as HRV.
• Daikin New Zealand: Daikin is a global HVAC incumbent with NZ operations supplying heat pumps and ventilation. Comparable as a broad incumbent in the same residential HVAC category where HRV competes, with established dealer/install networks.
• Mitsubishi Electric New Zealand: Mitsubishi Electric NZ sells the heat pumps HRV distributes and also operates direct residential HVAC channels. Comparable because they occupy the same NZ home heating/cooling purchase decision and increasingly compete for the install relationship.

Emerging players

• Energy Mad: Energy Mad is an NZ-focused home energy efficiency products and services provider. Comparable as an emerging player addressing overlapping residential energy-efficiency, insulation and ventilation needs in NZ homes.

Others

• Carrier Global: Carrier is a global HVAC manufacturer with product portfolios that overlap HRV's heat pump and ventilation offerings. Comparable as a global incumbent whose technology choices influence HRV's access to refrigeration and air-handling components.
• Trane Technologies: Trane Technologies is a global HVAC and climate solutions manufacturer whose commercial/light-commercial offerings sit adjacent to HRV's residential heating, cooling and ventilation business. It is relevant as a comparable benchmark for HVAC manufacturing and service economics.

Direct peers

• SmartVent (Simx Limited): SmartVent, sold via Simx, is the closest direct NZ competitor to HRV's positive pressure home ventilation systems. Both target New Zealand homeowners with moisture, mould and condensation problems and offer installed mechanical ventilation solutions across the country.
• DVS (Damp Ventilation Solutions): DVS is a New Zealand home ventilation specialist offering positive pressure and heat recovery systems, competing head-to-head with HRV for residential installs and landlord Healthy Homes compliance work.

Regional players

• Zennox Group NZ: Zennox is an Australasian home ventilation and HVAC services provider with comparable offerings to HRV's residential heat recovery and fresh air systems, primarily competing in the broader Australia/New Zealand region.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hrv
• Facebookfacebook.com/HRVNZ

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HRV