What Has Driven the Growth of the DOAS Market in Recent Years?
The doas market has seen considerable growth due to a variety of factors.
• In the past few years, there has been significant growth in the size of the DOAS market. It is expected to increase from $4.45 billion in 2024 to $4.83 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.5%. This considerable development in the historic phase is a result of demonstrated advantages in energy conservation, commercial and institutional adoption, emphasis on individual comfort, refurbishment and retrofitting initiatives, and the demand for enhanced indoor air quality.
What Is the Forecasted Market Size and Growth Rate for The DOAS Market?
The DOAS market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the DOAS market is set to witness a swift expansion. It is projected to reach a value of $7.17 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.4%.
The anticipated growth during this period is linked to the effects of the COVID-19 pandemic, demand arising from the commercial and institutional sectors, the unification with smart building technologies, an emphasis on comfort and control, along with renovation and retrofitting initiatives. Compelling trends in the forecast period encompass energy efficiency norms, a heightened focus on indoor air quality (IAQ), achieving green building certifications, the renovation and upgrading of HVAC systems, and the adoption of variable refrigerant flow (VRF) systems.
What Factors Are Driving Growth In The DOAS Market?
The DOAS market is anticipated to flourish owing to a surge in residential and commercial construction ventures. The term 'construction' encapsulates activities such as constructing, altering, repairing, revamping, and demolishing facilities or infrastructures. The construction sector is comprised of both residential and non-residential infrastructure, including commercial, industrial buildings, and others. Dedicated Outdoor Air Systems (DOAS) are widely incorporated into various kinds of structures ranging from industrial, commercial, residential to institutional buildings. Factors such as the environment, the age of the building, individual choices of the owner and project designer, project budget, and the overall architectural design of buildings affect the choice of DOAS. For example, the Australian Bureau of Statistics reported in July 2023, that there was a 1.3% rise in the dwellings under construction in Australia, reaching a total of 240,813 units during the first quarter of 2023. This surpassed the former record of 240,065 units from the first quarter of 2022. Hence, the escalating numbers of residential and commercial constructions are propelling the growth of the DOAS market.
What Are The Main Segments Of The Global DOAS Market?
The DOAS market covered in this report is segmented –
1) By Capacity: Less Than 20 Tons, 20-40 Tons, 40-60 Tons, Greater Than 60 Tons
2) By Implementation Type: New Construction, Retrofit
3) By Requirement: Heating, Cooling, Ventilation, Dehumidification
4) By End User: Commercial, Residential, Industrial
Subsegments:
1) By Less Than 20 Tons: Small Capacity DOAS Units, Compact DOAS Systems
2) By 20-40 Tons: Medium Capacity DOAS Units, Modular DOAS Systems
3) By 40-60 Tons: Large Capacity DOAS Units, High-Performance DOAS Systems
4) By Greater Than 60 Tons: Industrial DOAS Units, Custom Large Capacity DOAS Systems
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What Emerging Trends Are Influencing The Growth Of The DOAS Market?
The emergence of product innovations is a notable trend escalating in the DOAS market. Major industry players are focusing on delivering innovative solutions to consolidate their position in the sector. For example, in September 2024, AAON, a reputable American company specialized in HVAC (heating, ventilation, and air conditioning) systems, unveiled Delta Class - a new range of Dedicated Outdoor Air Systems (DOAS) technology. Integrated with variable capacity compressors, modulating reheats, 100% outdoor air dampers, and sophisticated energy recovery systems, the Delta Class is engineered for spaces with significant occupancy such as schools and fitness centers. The equipment enhances indoor air quality and simultaneously minimizes carbon footprints. Rigorously tested at the Norman Asbjornson Innovation Center, Delta Class exemplifies AAON's unwavering commitment to innovative and sustainable HVAC solutions, thereby perpetuating the company's tradition of supplying high-quality equipment since 1988.
Who Are the Key Players In The DOAS Market?
Major companies operating in the DOAS market include:
• Johnson Controls International plc
• Daikin Industries Ltd.
• Samsung Electronics Co. Ltd.
• Nortek Global HVAC LLC
• Mitsubishi Electric Corporation
• Addison HVAC LLC
• Desert Aire LLC
• DRI-Steem Corporation
• Carrier Global Corporation
• Trane Technologies plc
• Price Industries Limited
• Munters Corporation
• Captive-Aire Systems Inc.
• SOLiD Technologies Inc.
• Radio Frequency Systems
• HUBER+SUHNER AG
• Cobham Wireless
• Huawei Technologies Co. Ltd.
• Axell Wireless Ltd.
• TE Connectivity Ltd.
• Anritsu Corporation
• Rosenberger Hochfrequenztechnik GmbH & Co. KG
• Ingersoll Rand
• Curtiss-Wright Corporation
• Ficosa International S.A.
What Is The Most Dominant Region In The DOAS Market?
Asia-Pacific was the largest region in the DOAS market in 2024. North America was the second-largest region in the DOAS market. The regions covered in the DOAS market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
