Dedicated Outdoor Air System (DOAS) Market to Reach US$ 11.4 Billion by 2034, Driven by Rising Demand for Indoor Air Quality Solutions
The dedicated outdoor air system (DOAS) market is expected to witness significant growth in the coming years, reaching a valuation of US$ 4.8 billion by 2024 and expanding to US$ 11.4 billion by 2034. This projected growth is driven by the increasing demand for indoor air quality solutions and the need to improve occupant comfort in various settings, including commercial buildings, industrial facilities, institutional buildings, and residential complexes.
DOAS systems consist of air handling units, ventilation fans, heating and cooling coils, and filtration systems. They play a crucial role in enhancing indoor air quality, meeting building codes and standards for ventilation, and ensuring the well-being and productivity of occupants. These systems effectively remove pollutants and provide fresh air to indoor spaces, addressing the growing awareness of the importance of indoor air quality and its impact on health and productivity.
One of the key factors driving the growth of the DOAS market is the emphasis on 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, thereby reducing the load on central HVAC systems. This aligns with stringent regulations and building codes that prioritize energy efficiency and sustainability.
Technological advancements in DOAS systems also contribute to market expansion. Integrating advanced controls, sensors, and heat recovery technologies enhances system efficiency, reliability, and performance, further driving adoption across various industries and applications.
In terms of market segmentation, the 20-40 tons capacity segment is projected to expand at a compound annual growth rate (CAGR) of 8.7% by 2034. China is estimated to register a CAGR of 9.7% by 2034, while South Korea experiences significant growth, projected at a CAGR of 11.5% by 2034. Heating requirements are anticipated to expand at a CAGR of 8.5% by 2034.
The competitive landscape of the DOAS market is characterized by numerous players competing 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.
Key players in the DOAS 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.
In conclusion, the dedicated outdoor air system market is poised for significant growth in the coming years, driven by the rising demand for indoor air quality solutions and the need for energy-efficient and sustainable building practices. Technological advancements and the emphasis on occupant comfort and well-being further contribute to market expansion. With key players competing for market share, the DOAS market presents lucrative opportunities for innovation and strategic partnerships.
