The dedicated outdoor air system (DOAS) market is projected to grow from USD 3.9 billion in 2022 to USD 5.9 billion by 2027, registering a CAGR of 8.8% during the forecast period. Government regulations for HVAC equipment, increasing adoption of DOAS for residential and commercial applications, and increasing focus on indoor air and environmental quality are the key factors expected to boost the growth of the DOAS market over the next five years. However, a lack of consumer awareness and complexity in implementation are expected to be the key factors restraining the growth of market players.
Key players operating in the market include Johnson Controls (Ireland), Carrier Global (US), Daikin (Japan), LG Electronics (South Korea), and Trane Technologies (US), among others. Major strategies adopted by these players to enhance their product portfolio, increase their market share, and expand their presence in the market include product launches and deals such as acquisitions and partnerships.
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Daikin is one of the major players in the market and has a global reach, with a diverse and strong product portfolio in the DOAS market. It is also a leading innovator in the HVAC industry, with its research practices in advanced cooling and cryogenic technologies outnumbering its competitors. It offers top products in the HVAC industry such as room air-conditioning systems, packaged air-conditioning systems, multiple air-conditioning systems, heat-pump hot-water-supply & room-heating systems, air purifiers, and heat reclaim ventilation, among others. It offers cooling and heating products for all verticals, including residential, commercial, and industrial. The company has a presence in all major countries across Europe, Asia Pacific, North America, Latin America, and Middle East & Africa. It has the largest presence in the Asia Pacific region.
Trane technologies is also a major player in the DOAS market that manufactures HVAC-R systems. It has several brands under its portfolio, including Amstar, Thermo King, and America Standards, among others. These brands offer heating and cooling HVAC products for commercial and residential verticals. Key products offered by the company include air conditioners, industrial refrigeration, package heating & cooling systems, air handlers, home automation, water source heat pumps, variable refrigerant flow, and multi-pipe HVAC systems, along with parts, supplies repair, and maintenance services. The company operates through different distribution channels across regions. Sales are made through branch sales offices, distributors, and dealers across the country. Non-US sales are made through subsidiary sales and service companies with a supporting chain of distributors worldwide. Key geographic regions where the company operates includes the Americas, Europe, Middle East & Africa, and Asia Pacific.
DOAS Market by Capacity (Less than 20, 20–40, 40–60 and Greater than 60), Implementation Type (New Construction, Retrofit), Vertical, Requirement (Heating, Cooling, Ventilation, Dehumidification) - Global Forecast to 2027
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