Dedicated Outdoor Air System (DOAS) Market to Reach US$ 11.4 Billion by 2034, Driven by Rising Demand for Indoor Air Quality Solutions
DOAS market to soar: Energy efficiency & air quality drive demand. Offering better humidity control & lower costs, DOAS gains ground against traditional HVAC. Green building trends further boost market. Learn more about revenue forecasts, key players, and growth drivers in our FMI report.
NEWARK, Del., Feb. 13, 2024 /PRNewswire/ -- The dedicated outdoor air system market is anticipated to reach a valuation of US$ 4.8 billion in 2024. The industry is projected to be worth US$ 11.4 billion by 2034, expanding at a CAGR of 9% between 2024 and 2034. DOAS typically consists of air handling units, ventilation fans, heating and cooling coils, and filtration systems.
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DOAS systems are crucial for improving indoor air quality, enhancing occupant comfort, and meeting building codes and standards for ventilation. They find extensive use in various settings, including commercial buildings, industrial facilities, institutional buildings, and residential complexes.
Several key factors drive the growth of the DOAS market. There is a growing awareness of the importance of indoor air quality and its impact on health and productivity. As a result, there is an increasing demand for ventilation solutions that can effectively remove pollutants and provide fresh air to indoor spaces.
Stringent regulations and building codes emphasize the need for energy-efficient and sustainable building practices. DOAS systems offer significant energy savings compared to traditional HVAC systems by providing dedicated ventilation and conditioning for outdoor air, reducing the load on central HVAC systems.
Technological advancements in DOAS systems, such as integrating advanced controls, sensors, and heat recovery technologies, contribute to market expansion. These innovations enhance system efficiency, reliability, and performance, further driving adoption across various industries and applications.
Report Scope
Attributes
Details
Estimated Market Size in 2024
US$ 4.8 billion
Projected Market Valuation in 2034
US$ 11.4 billion
CAGR Share from 2024 to 2034 9 %
Forecast Period
2024 to 2034
Historical Data Available for
2019 to 2023
Market Analysis
Value in US$ billion
Key Market Segments Covered Key Segments of Dedicated Outdoor Air System (DOAS) Industry
Survey
By Capacity:
20-40 Tons
Less Than 20 Tons
40-60 Tons
Greater Than 60 Tons
By Requirement:
Heating
Ventilation
Cooling
Dehumidification
By Implementation Type:
New Construction
Retrofit
By Vertical:
Commercial
Residential
Industrial
By Region:
North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East
Asia
Middle East and Africa
Key Countries Profiled
United States Italy
Poland New Zealand
Canada Russia China
Brazil Czech Republic Japan
South
Mexico Romania Korea
GCC
Germany India Countries
United Kingdom Bangladesh South Africa
France Australia Israel
Spain
Key Takeaways from the Market Study
-- Based on the capacity, 20-40 tons are projected to expand at 8.7% CAGR
by 2034.
-- China is estimated to register at a CAGR of 9.7% by 2034.
-- South Korea experiences significant growth, projected at a CAGR of 11.5%
by 2034.
-- Based on the requirement, heating is anticipated to expand at a CAGR of
8.5% by 2034.
"The surge in emphasis on indoor air quality and ventilation standards in commercial and residential buildings is one of the major drivers of the dedicated outdoor air system (DOAS) market," says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).
Competitive Landscape
In the competitive landscape of the DOAS market, numerous players compete for market share. Established HVAC manufacturers, specialized ventilation system providers, and emerging startups vie for dominance. Competition revolves around technological innovation, product quality, pricing strategies, distribution networks, and customer service.
Competitive Landscape of following Key Players
-- Johnson Controls International PLC
-- Carrier Global Corporation
-- Daikin Industries Ltd.
-- Trane Technologies PLC
-- LG Electronics, Inc. (LG Corporation)
-- Samsung Electronics Ltd. (Samsung Group)
-- Greenheck Fan Corporation
-- Nortek Global HVAC LLC (Nortek)
-- Ingersoll Rand Inc.
-- Mitsubishi Electric Corporation
Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.
Success in this market hinges on effectively meeting customer needs and staying ahead of competitors through innovation and strategic partnerships. Some key market developments are:
-- In April 2022, Daikin Comfort Technologies partnered with XOi
Technologies to provide global HVAC contractors with advanced field
service solutions leveraging augmented reality and artificial
intelligence. This collaboration aimed to streamline operations, improve
efficiency, and boost profitability for HVAC contractors by offering a
comprehensive field-services tool.
-- In February 2022, Carrier Global collaborated with Marriott
International to innovate building systems for modular and IoT-connected
hotels. By working with Marriott's R&D Lab, Carrier aimed to develop
solutions to enhance construction processes, reduce costs, improve
energy efficiency, and accelerate construction timelines.
More Valuable Insights Available
Future Market Insights offers an unbiased global dedicated outdoor air system market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034
To understand market opportunities, the dedicated outdoor air system market is segmented based on Capacity (20-40 Tons, Less Than 20 Tons, 40-60 Tons, Greater Than 60 Tons), Requirement (Heating, Ventilation, Cooling, Dehumidification), Implementation (New Construction, Retrofit), Vertical (Commercial, Residential, Industrial) and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa)
Request to Access the Detail Research Methodology from here!
About the Industrial Automation Team at Future Market Insights
The industrial automation team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one million+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.
About the Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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