Dedicated Outdoor Air System Market To Generate Revenue Worth $7,447 Million by 2030

The dedicated outdoor air system market is predicted to reach USD 7,447 million by 2030, growing at a CAGR of 8.60% between 2022 and 2030. This can be attributed to the increasing implementation of strict government regulations for HAVC equipment to limit airborne pollutants, the rising awareness of the importance of indoor air quality, and the growing adoption of these devices for residential and commercial applications.

In addition, the implementation of these systems is supported by several rules and regulations. For instance, the Energy Star (ES) program, managed by the Environmental Protection Agency in the U.S., provides incentives for the purchase of energy-efficient HVAC equipment. Energy-efficient DOAS will become more popular as the emphasis on developing green structures grows. In industrialized nations like the U.S., the U.K., Germany, and Japan, benefits including decreased running costs, improved energy efficiency, and advantageous government subsidies have expanded the deployment of these appliances for new and existing buildings.

Increasing Construction Activities To Boost the Adoption of DOASs

The increase in the construction of new, contemporary structures and the renovation of older structures drive the demand for DOASs. The construction industry's innovation and adoption of new techniques have fueled the market's expansion, particularly in Asia-Pacific. Due to their increasing urbanization and industrialization, emerging economies like China, India, Indonesia, and Singapore have boosted their investments in the building sector.

Residential Is the Fastest-Growing Category

On the basis of application, the residential category is expected to increase at the highest pace, of around 9%, during the forecast period. This can be ascribed to the increasing consumer disposable income across the world. As disposable income grows, more people are able to purchase cutting-edge products and services, including DOASs.

Whereas, the commercial category accounts for the largest market share. This is because of the high adoption of DOASs in the commercial sector, due to their ability to meet adverse weather conditions, and these are becoming more common in commercial building applications.

APAC Market To Register the Highest Growth Rate

From 2022 to 2030, the APAC market is projected to witness the fastest growth. This can be attributed to rapid urbanization, the surging population, the growing construction sector, shifting climatic conditions, and the presence of a number of governmental regulations, in the region.

Whereas, North America leads the market for dedicated outdoor air systems. This is due to the increasing need for improved indoor air quality and the demand for DOASs from both commercial and residential buildings. In the region, the U.S. accounts for a larger revenue share, owing to the local government regulations and efforts in this field.

Some of the major players operating in the dedicated outdoor air system market include Johnson Controls International PLC, Carrier Global Corporation, Daikin Industries Ltd., Trane Technologies PLC, LG Electronics Inc., Samsung Electronics Ltd., Greenheck Fan Corporation, Nortek Global HVAC LLC, Ingersoll Rand Inc., and Mitsubishi Electric Corporation.