Dedicated Outdoor Air System Market Is Driven by Commercial Category

The dedicated outdoor air system market was USD 3,849 million in 2022, and it is projected to reach USD 7,447 million by 2030, at a rate of 8.60% during the forecast period as per a report by P&S Intelligence.

This growth of the industry is credited to the growing acceptance of these systems in commercial and residential applications, the growing attention to ideal environment, and the mounting HVAC equipment regulations by the government.

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A dedicated outdoor air system is a part of the HVAC system and its main objective is to supply sufficient outdoor air. It also separates the exterior air from the interior air which regulates inside temperatures of the buildings.

Numerous laws are implemented to control HVAC equipment and increase energy efficiency. The implementation of HVAC standards has resulted in the growth of dedicated outdoor air system market.

The industry, based on capacity is categorized into greater than 60 tons, 40-60 tons, 20-40 tons, and less than 20 tons. The highest growth rate is projected in the 40-60 tons category, propelling at a rate of 9.1%, during the forecast period. With a multizone capacity and extra features, the 40-60 tons capacity offer 100% exterior air proficiency and energy efficiency.

The industry, based on implementation is categorized into retrofit and new construction. Among these, the largest share of, more than 60% was held by the new construction category. This is credited to the growing investment in the commercial sector by major developing countries.

On the other hand, the fastest growth is projected in the retrofit category.

The industry is dominated by the commercial category. This is credited to the use of air-controlling systems to cool and heat indoor air in commercial areas. These systems improve the quality of air in commercial buildings.

On the other hand, the highest growth rate of approximately 9%, is projected in the residential category. This can be credited to the rising disposable income around the world.

North America held a significant share in 2022. This is because of the existence of various developed businesses, commercial spaces, and medical facilities, where the requirement for dedicated outdoor air systems is high; the massive demand from residential sectors; and the presence of key players, in the region.

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Whereas, APAC will have the highest CAGR, of 9.5%, during the forecast period. This can be credited to the rising population, changing climatic conditions, growing construction activities, and friendly government policies.

Furthermore, the needs for these systems are high in the commercial and residential sectors, with significant demand in Japan and China.

Due to the rising awareness about the importance of indoor air quality, and the growing adoption of these devices from commercial and residential sectors, the industry will grow significantly in the coming years.

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This release was published on openPR.