The global DOAS market was valued at USD 3,720.20 million in 2022 and is expected to grow at a CAGR of 8.7% during the forecast period. The adoption of dedicated outdoor air systems, increasing concerns regarding employee safety, and innovative ventilation systems that enable manufacturers to effectively maintain the ideal working environments to reduce or eliminate damages are key factors expected to drive the global market demand and growth over the coming years. Moreover, increasing government investments and a high focus on research & development activities to develop new and more effective airflow solutions and introduce advanced features are also anticipated to create lucrative growth opportunities for the market.
Know more about this report: Request for sample pages
Moreover, the extensive rise in the construction of green buildings across both developed and developing countries, coupled with the increased consumer awareness regarding the wide range of beneficial features, including low operating costs, high energy efficiency, and several favorable government incentives, have paved the way for rising implementation of DOAS for both new and existing buildings. However, the growing complexity in incorporating various types of DOAS systems, as these systems combine indirect evaporative cooling and vapor compression into a packaged unitary air handler, acts as a major challenge for key market players and is expected to hamper the market growth.
A deadly virus has led to a halt in manufacturing activities and several disruptions in the global supply chains that, in turn, resulted in lower DOAS sales. Moreover, the lack of demand from consumers and shortage of labor and stock due to the imposed lockdown and several other restrictions on trade activities among many countries across the globe also negatively impacted market growth during the pandemic.
Growth Drivers
The rapid emergence of various commercial and residential constructions across the globe and the growing incorporation of innovative DOAS ventilation system that maintains temperatures and improves airflow in several households are major factors propelling the demand and growth of the global dedicated outdoor air systems market. Evolving preferences of consumers and their rising spending capacity for advanced ventilation systems, as it helps eliminate excessive heat and maintain suitable temperatures, are further anticipated to boost the global market in the coming years.
Furthermore, various types of regulations have been implemented in the last few years to enhance energy efficiency and efficiently regulate HVAC equipment are other primary factors influencing the market growth at a significant pace. The growing implementation of regulations for HVAC and their adherence to DOAS has paved the way for higher demand for this equipment worldwide.
The market is primarily segmented based on capacity, implementation type, requirement, vertical, and region.
By Capacity |
By Implementation Type |
By Requirement |
By Vertical |
By Region |
|
|
|
|
|
Know more about this report: Request for sample pages
The 40-60 tons segment is projected to grow at the fastest CAGR during the anticipated period, which is mainly driven by its wide range of advantages, including extreme efficiency and multi-zone capacity to provide 100% outdoor air proficiency and the ability to reduce outdoor airflow by conditioning only necessary air amount for each zone. Moreover, the exceptional demand for DOAS with 40-60 tons capacity in the commercial and industrial sectors, along with the continuous rise in the development of technology hubs, especially in APAC countries like India, China, and Indonesia, are likely to fuel the adoption and growth of the segment market over the coming years.
The new construction segment held the majority of the market share in 2022, which is mainly accelerated by the continuous rise in economic growth, urbanization, and consumer rising disposable income, mainly in emerging economies like China, Indonesia, and India. In recent years, many governments are heavily investing in the commercial sector for the development of infrastructure along with the growing proliferation of energy-efficient buildings for the reduction of energy consumption, health protection, conserve water, and reduce pollution, among other key factors influencing the segment market growth exponentially over the coming years.
The cooling segment accounted for the highest market share in 2022 and is likely to retain its position throughout the anticipated period. The growth of the segment market is mainly driven by the high prevalence of DOAS, which are primarily designed to provide decoupling of the latent building load from zone cooling systems along with the rise in usage of sensible cooling systems in conjunction with the help of advanced ventilation systems. In addition, highly surging penetration for innovative cooling systems, as it helps in energy conservation and the ability to make DOAS an alternative to conventional cooling and ventilation systems.
The residential segment is projected to account for a considerable market share over the forecast period on account of the rapidly growing adoption of retrofits in the residential sector, as retrofits have gained significant traction as a favorable alternative for achieving the required efficiency in energy consumption, comfort, and cost-effectiveness. Moreover, the introduction to the Internet of Things and various integrated smart technologies in DOAS has made them efficient compared to the older systems, coupled with their ability to improve the sustainability of the building and further reduce greenhouse gas emissions. Thereby fueling the segment market growth at an exponential growth rate.
The Asia Pacific region led the market for DOAS in 2022, holding a healthy market share in revenue, and is expected to maintain its dominance over the study period. The regional market's growth is highly attributable to the widespread presence of various industrial sectors, increased spending capacity, and rising per-capita income in countries like China, India, and Japan. Additionally, the continuous rise in the number of projects for infrastructural development, including airports, hotels, hospitals, and apartments, among others, are also propelling the demand and growth of the market.
The North American region is expected to be the fastest growing region during the anticipated period, owing to the increased need for energy efficiency, improved indoor air quality, and extensive growth in the demand for DOAS from residential and commercial buildings along with the rising government support and favorable programs including Weatherization Assistance Program and The ENERGY STAR Verified HVAC Installation Program.
Some of the major players operating in the global dedicated outdoor air systems market include Johnson Controls International, Carrier Global, Daikin Industries, Trane Technologies PLC, LG Electronics., Samsung Electronics, Nortek Global HVAC, Mitsubishi Electric Corporation, Greenheck Fan Corporation, Price Industries, Desert Aire, and United Technologies.
Report Attributes |
Details |
Market size value in 2023 |
USD 4,038.28 million |
Revenue forecast in 2032 |
USD 8,555.81 million |
CAGR |
8.7% from 2023 – 2032 |
Base year |
2022 |
Historical data |
2019 – 2021 |
Forecast period |
2023 – 2032 |
Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
Segments covered |
By Capacity, By Implementation Type, By Requirement, By Vertical, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Key companies |
Johnson Controls International PLC, Carrier Global Corporation, Daikin Industries Ltd., Trane Technologies PLC, LG Electronics Inc., Samsung Electronics Ltd., Nortek Global HVAC LLC, Mitsubishi Electric Corporation, Greenheck Fan Corporation, Price Industries, Desert Aire, and United Technologies. |
Key companies in dedicated outdoor air systems market are Johnson Controls International, Carrier Global, Daikin Industries, Trane Technologies PLC, LG Electronics., Samsung Electronics, Nortek Global HVAC.
The global DOAS market expected to grow at a CAGR of 8.7% during the forecast period.
The dedicated outdoor air systems market report covering key segments are capacity, implementation type, requirement, vertical, and region.
Key driving factors in dedicated outdoor air systems market are growing incorporation of innovative DOAS ventilation system.
The global DOAS market size is expected to reach USD 8,555.81 million by 2032.