Market barriers include pricing, technical limitations, and the difficulty of implementing a holistic system design approach
BOULDER, Colo. , May 3, 2022 /PRNewswire/ — A new report from Guidehouse Insights analyzes the global market for commercial building ventilation and indoor air quality (IAQ), providing a market outlook through 2031.
Disinfection technology has been under the spotlight since 2020 due to safety concerns resulting from the onset of the coronavirus pandemic. While pre-pandemic IAQ solutions focused on reducing indoor air contaminants caused by outdoor air pollution, for the past two years, public concern regarding virus risk has led to a significant focus on disinfection as the key to IAQ. According to a new report from Guidehouse Insights, global commercial energy efficiency ventilation and IAQ revenue is expected to grow from $6.5 billion in 2022 to $13.6 billion in 2031 at a compound annual growth rate (CAGR) of 8.6%.
“Even though air pollution reduction is still at the core of IAQ management in certain regions or during specific periods, IAQ solutions need to be considered as part of a holistic approach to addressing these issues, rather than focusing on standalone disinfection solutions,” says Young Hoon Kim, senior research analyst with Guidehouse Insights.
One market barrier is the waning public interest in complementary solutions (e.g., disinfection solutions) since the risk of COVID-19 and variants is expected to decrease over time. Other barriers include high prices, technical limitations, and the difficulty of implementing a holistic system design approach, according to the report.
The report, Market Data: Commercial Ventilation and Air Qualityhttps://guidehouseinsights.com/reports/market-data-Smart-Streetlighting, examines market trends and analyzes the major ventilation and IAQ management markets. It also includes guidelines as well as technology and industry trends. The global market outlook extends through 2031, broken down by region and segment, including energy efficiency ventilation equipment utilizing energy recovery technology and air purifier and IAQ sensors. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 13,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: Commercial Ventilation and Air Quality, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
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SOURCE Guidehouse Insights