CHICAGO, Dec 15, 2023 – The global Dedicated Outside Air System (DOAS) Market is on track for substantial growth, with a projected increase from USD 3.9 billion in 2022 to USD 5.9 billion by 2027, reflecting a robust Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period. These insights are detailed in a comprehensive report by MarketsandMarkets, a leading market research and consulting firm.
In the HVAC (Heating, Ventilation, and Air Conditioning) sector, dedicated outside air systems are essential because they offer buildings focused and effective ventilation solutions. Energy-efficient HVAC systems, the growing adoption of sustainable building practices, and the growing emphasis on indoor air quality are some of the reasons propelling the predicted expansion in the DOAS market. The study profiles major competitors in the global DOAS Market and examines important segments, growth factors, opportunities, and problems.
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Type Segment: The DOAS market includes various types of systems, such as heat pump DOAS, water source DOAS, and air source DOAS, each catering to different climate conditions and building requirements.
Application Segment: DOAS systems are applied in different sectors, including commercial buildings, residential buildings, healthcare facilities, and educational institutions, reflecting the diverse applications within the HVAC industry.
End-User Segment: The market serves different end-users, including new construction projects and retrofit applications, as building owners and operators seek to enhance energy efficiency and indoor air quality.
Browse 157 market data Tables and 69 Figures spread through 221 Pages and in-depth TOC on “DOAS Market by Capacity, Implementation Type, Vertical, Requirement – Global Forecast to 2027”
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Focus on Indoor Air Quality: The increasing awareness and emphasis on indoor air quality drive the demand for dedicated outside air systems, ensuring the delivery of fresh and clean air to building occupants.
Energy-Efficient HVAC Systems: The growing demand for energy-efficient HVAC solutions, coupled with the need for sustainable building practices, accelerates the adoption of Dedicated Outside Air Systems in modern building projects.
Sustainable Building Practices: The global trend towards sustainable and green building practices, aimed at reducing environmental impact and enhancing energy efficiency, creates opportunities for the integration of DOAS solutions.
Initial Cost Considerations: The initial cost of implementing DOAS systems may pose a challenge for some building projects; however, the long-term energy savings and operational benefits often outweigh the upfront investment.
Installation and Integration Complexity: Addressing installation and integration complexities, especially in retrofit applications, requires careful planning and coordination to ensure seamless integration with existing HVAC systems.
Rising Demand in Retrofit Projects: The increasing demand for DOAS solutions in retrofit projects presents opportunities for manufacturers and service providers to offer energy-efficient ventilation solutions for existing buildings.
Technological Advancements: Ongoing technological advancements in DOAS systems, including smart controls, sensors, and connectivity features, create opportunities for innovation and customization based on specific building requirements.
The report identifies key players in the global DOAS Market, including:
Carrier Global Corporation: A leading provider of HVAC and building automation solutions, offering a range of Dedicated Outside Air Systems for commercial and residential applications.
Daikin Industries, Ltd.: A multinational company specializing in air conditioning and refrigeration systems, actively involved in the development and manufacturing of DOAS solutions.
Johnson Controls International plc: A global diversified technology and multi-industrial leader, providing HVAC and building automation solutions, including Dedicated Outside Air Systems.
Trane Technologies plc: A global climate technology company, offering a variety of HVAC and ventilation solutions, including DOAS systems designed for energy efficiency and indoor air quality.
Mitsubishi Electric Corporation: A Japanese multinational electronics and electrical equipment company, contributing to the HVAC industry with innovative DOAS solutions for both residential and commercial applications.
The growing significance of indoor air quality and the need for sustainable and energy-efficient building techniques will propel the worldwide DOAS market into substantial growth. Dedicated Outside Air Systems are anticipated to have a significant influence on how modern buildings are ventilated in the future as the HVAC industry develops.
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