Dedicated Outdoor Air System Market

Market Leaders - Dedicated Outdoor Air System Market

The overall DOAS market is expected to grow from USD 3.7 billion in 2019 to USD 5.4 billion by 2024, at a CAGR of 8.0%. Growing demand for energy-efficient DOAS for new construction and retrofit is expected to provide huge growth opportunities to players in the DOAS market. The growth of the DOAS market is driven by government regulations and policies for energy saving to boost demand for DOAS and increasing adoption of DOAS for residential and commercial applications.

Key players operating in the DOAS market include Johnson Controls (US), United Technologies Corp. (US), Greenheck Fan Corporation (US), Daikin Industries Ltd. (Japan), Nortek, Inc. (US), Ingersoll Rand Plc (Ireland), Mitsubishi Electric (Japan), LG Electronics (South Korea),  SEMCO, LLC (US), and Samsung Electronics (South Korea). Many major companies focus on the implementation of organic growth strategies such as product launches and developments, agreements, contracts, partnerships, and collaborations, mergers and acquisitions, and expansions to boost their revenues.

To know about the assumptions considered for the study download the pdf brochure

Top 2 players in DOAS market:

Johnson Controls (US) is among the leading players in the DOAS market. The company has a wide product portfolio pertaining to the building technologies & solutions market, with products ranging from HVAC systems to video surveillance systems. It caters to a large customer base, which helps the company enhance its revenues and profit margins. The company generated about 48% of its total revenue from the US in 2017, which depicts that it has a strong hold in the country. It also aims to strengthen its position in other regions through strategic partnerships and collaborations. Also, the company is going through a multiyear portfolio transformation. For instance, in January 2016, Johnson Controls Inc. announced its merger with Tyco International (Ireland). This merger with Tyco brought together the best-in-class product, technology, and service capabilities across controls, fire safety, security, HVAC, power solutions, and energy storage systems to serve various end users, including large institutions, commercial buildings, small business, and retail, industrial, and residential sectors. This would eventually help the company become a strong player in the DOAS market.

United Technologies Corp (US) has a strong position and brand image for UTC Climate, Controls, & Security business segment. The company focuses on innovations in the field of DOAS. It intends to strengthen its hold in the DOAS market by investing a significant amount in R&D and partnering with global players in its respective segment. For instance, in 2018, UTC opened a new technology development center located at its Gurgaon facility in India. The company is also proactive in launching new products and updating existing products. The company sells its DOAS solutions to various end-use customers and also through joint ventures, manufacturer’s representatives, distributors, wholesalers, dealers, and retail outlets. These products and services are sold under the name “Carrier” and other brand names. Carrier created a suite of new digital solutions to monitor and enhance HVAC performance and energy use. Organic sales at UTC Climate, Controls & Security increased 4%, driven by growth in North America residential HVAC, global commercial HVAC, and commercial refrigeration sales. For instance, in 2018, it introduced the next generation of touchscreen displays for i-Vu building automation system for providing building operators to better manage their heating, ventilating, and air-conditioning (HVAC) equipment.

Related Reports:

Dedicated Outdoor Air System Market by Capacity (Less than 20, 20-40, 40-60, and greater than 60), Implementation Type (New Construction, Retrofit), Vertical (Commercial, residential, and Industrial), Requirement, and Geography - Global Forecast to 2024

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Dedicated Outdoor Air System Market Size,  Share & Growth Report
Report Code
SE 7077
RI Published ON
Choose License Type

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2022 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status