Daikin (Japan) partnered with Refrigerative Supply Limited (RSL) (Canada), for providing innovative air-conditioning and refrigeration equipment

Posted by MarketsandMarkets on Sep 19, 2019 4:31:17 PM
MarketsandMarkets

On July 3, 2019, Daikin (Japan) partnered with Refrigerative Supply Limited (RSL), headquartered in Canada. This partnership is expected to enhance the distribution channel for Daikin in the Western Canada region. RSL will support the sales and distribution channel of Daikin product segment such as residential unitary, ductless, light commercial and Variable Refrigerant Volume (VRV), HVAC products, along with related controls and indoor air quality (IAQ) products for residential and commercial projects throughout the Western Canada region.

Analysis by MarketsandMarkets™:

Shriya Khade– Analyst, Semiconductor and Electronics, at MarketsandMarkets™, shares her Point of View as mentioned below:

This partnership expected to provide innovative air conditioning and heating solutions for residential, commercial, and industrial applications. This partnership with RSL will enable RSL’s existing customers to broaden their product portfolio with Inverter products. RSL is one of the leading air conditioning company in North America; the new distribution relationship with RSL provides additional, mutually beneficial growth opportunities in the Western Canada region for both the companies.

What will be the scenario of the market for dedicated outdoor air system from 2019 to 2024?

Dedicated outdoor air system market was valued at USD 3.38 billion in 2018 and is expected to reach USD 5.43 billion by 2024, at a CAGR of 8.0% from 2018 to 2023. The dedicated outdoor air system market for commercial vertical was valued at USD 2.71 billion in 2019 and is expected to reach USD 4.05 billion by 2024, at a CAGR of 8.4% from 2019 to 2024. DOASs are widely used in buildings of various sectors, such as healthcare, education, government, airport, and retail. In the North America, ventilation systems for commercial buildings must observe with state and local codes that are based on ASHRAE 62.1 or International Mechanical Code to determine the ventilation rate in each zone of the building. Hence, DOAS helps in enhancing the air quality inside the building using ventilation, humidity, and temperature control.

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Source: MarketsandMarkets™ Analysis

What will be the scenario of the market for dedicated outdoor air system based on new construction and retrofit from 2019 to 2024?

DOAS is an assembled packaged unit that can function within a wide range of ambient conditions and allow proper ventilation into a building. There is a high demand for DOAS in retail, hospital, and offices applications in North America as this region homes a large number of enterprises, medical facilities, and commercial spaces where there a considerable number of DOAS are required. Growing awareness for energy-efficient and environmentally friendly heating, ventilation, and air-conditioning systems have forced manufacturers to innovate and launch new products to meet the changing market requirements. Robust gains in building construction spending, especially growth in improvement and repair expenditures, is expected to increase the implementation of energy-efficient DOAS in existing buildings. This initiative has been taken for energy-saving and eliminate the use of refrigerants that adversely affect the environment. Hence, increasing construction activities of commercial and residential buildings across the world provide opportunities for the DOAS market during the forecast period.

dedicated-outdoor-air-system-hub-bg2

Source:- MarketsandMarkets™ Analysis

The most significant factor driving the dedicate outdoor air system market is increasing adoption of DOAS for residential and commercial applications. These systems are highly efficient at preventing indoor air pollution by replacing indoor air with fresh, natural outdoor air. The DOAS market in North America has been fuelled by the need for energy efficiency, indoor air quality, and growing demand for DOAS from commercial and residential buildings. Also, government regulation and policies for energy saving to boost demand for DOAS. Governments are making large investments in the commercial sector to develop infrastructure, which would, in turn, have a positive impact on the DOAS market to grow in the future.

“Major strategies adopted by key companies in the dedicated outdoor air system market”

During 2016–2018, major players adopted strategies such as product launches and developments; acquisitions; partnerships, and expansion to achieve growth in the dedicated outdoor air system market. For instance, in April 2019, Samsung HVAC America announced a partnership with US Air Conditioning Distributors as a wholesale distributor of Samsung’s HVAC residential and commercial VRF systems. Similarly, in March 2019, Greenheck Fan (US), launched a product such as RV-110 and RVE-180 in its DOAS product line. The new product has a capacity of up to 18,000 cfm, up to 70 tons of packaged cooling and 1,200 mbh indirect gas-fired heating. The company’s DOAS units meet the demands of heating, cooling, dehumidification, and ventilation requirements.

A few major players in the dedicated outdoor air system market are as follows: Johnson Controls (US), United Technologies (US), Greenheck Fan (US), Daikin (Japan), Nortek (US), Ingersoll Rand (Ireland), Mitsubishi Electric (Japan), LG Electronics (South Korea), SEMCO (US), Samsung Electronics (South Korea), Rupp Air Management System (US), Addison (US), Desert Aire (US), Desiccant Rotors International (US), and Ventacity Systems (US).

Conclusion:

The DOAS system can improve indoor thermal comfort and indoor air quality as well as save energy. The DOAS system also has the potential of being cost-effective compared to a conventional system. This can be explained by the fact that the DOAS is capable of reducing the costs of other mechanics systems in a building, such as air handlers, chillers, direct-expansion systems, condenser water pumps, and ductwork. The DOAS market in North America has been fuelled by the need for energy efficiency, indoor air quality, and growing demand for DOAS from commercial and residential buildings. Hence, with rising energy costs and expanding energy consumption awareness, DOAS continues to gain high growth in the North American market.

For more information, please write to us at info@marketsandmarkets.com

Topics: Electronics and Semiconductor Sector, Daikin product, air conditioning and heating solutions, Variable Refrigerant Volume, indoor air qualit, controls and indoor air quality

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