Press release
2024 Global DOAS Market Comprehensive Study: Forecasted Market Size And Growth Rate
The Business Research Company offers in-depth market insights through DOAS Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The doas market size has grown strongly in recent years. It will grow from $4.12 billion in 2023 to $4.48 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to demonstrated benefits in energy savings, commercial and institutional adoption, focus on occupant comfort, renovation and retrofitting projects, demand for improved indoor air quality..
The doas market size is expected to see strong growth in the next few years. It will grow to $6.47 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to covid-19 pandemic impact, demand from commercial and institutional sectors, integration with smart building solutions, focus on comfort and control, renovation and retrofitting activities.. Major trends in the forecast period include energy efficiency regulations, focus on indoor air quality (iaq), green building certifications, hvac system upgrades and renovations, adoption of variable refrigerant flow (vrf) systems..
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Market Segmentation:
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
Major Driver - Surge In Residential And Commercial Constructions Propelling Growth In The Doas Market
An increasing number of residential and commercial constructions is expected to boost the growth of the DOAS market going forward. Construction refers to building, modifying, repairing, remodeling, enhancing, or destroying infrastructure or facility. Residential and non-residential (including commercial, industrial, and others) infrastructure are part of the construction sector. DOAS (dedicated outdoor air systems) are used in diverse types of buildings including industrial, commercial, residential, and institutional buildings where the selection of DOAS in each building is influenced by the environment, the age of the building, the owner's and project designer's personal preferences, the project budget, and the overall design of the buildings. For instance, in October 2021, according to Oxford Economics, a US-based advisory firm's forecast, the global construction output in 2020 was 10.7 trillion and expected to grow by 42%, in terms of volume, to reach USD 15.2 trillion by 2030. USA, China, India, and Indonesia together account for 58.3% of global growth in construction. Furthermore, in July 2022, according to Statistics Canada, a Canada-based government agency, investment in non-residential construction was up by 0.1% and residential building construction surged by 1.0%. Therefore, the increasing residential and commercial constructions are driving the growth of the DOAS market.
Competitive Landscape:
Major companies operating in the doas market report are Johnson Controls International plc, Daikin Industries Ltd., Lucky Goldstar Electronics Inc., Samsung Electronics Co. Ltd., Nortek Global HVAC LLC, Mitsubishi Electric Corporation, United Technologies 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., JMA Wireless, 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, Hitachi Automotive Systems, Curtiss-Wright Corporation, Kongsberg Automotive, Ficosa International S.A., .
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Top Trend - Innovative Air Solutions LG Electronics' Cutting-Edge Splits Redefining The Doas Market Landscape
Product innovations are a key trend gaining popularity in the DOAS market. Major companies operating in the DOAS market are focused on providing innovative solutions to strengthen their position in the market. For instance, in August 2021, LG Electronics Inc., a South Korea-based company that manufactures and markets consumer electronics and home appliances, launched two new splits of dedicated outside air system (DOAS) units that provide the ability for building owners and facility managers to effectively condition outdoor air for enhanced indoor air quality and comfort without losing flexibility, dependability, or ease of integration. These innovative 12-ton split rooftop DOAS and 1500-2000 CFM indoor split DOAS solutions are new to the award-winning LG DOAS line-up. Both the split rooftop DOAS and the indoor split DOAS with built-in heat recovery units are less labor-intensive to install and are the best options for instances where roof constraints restrict the use of a packaged rooftop DOAS. Longer pipe lengths in the new DOAS enable remote connection to VRF Multi-V units as a workaround for on-site space limitations, enhancing design flexibility. LG's split DOAS offers the option for VRF and DOAS interlocked operation via LGAP in addition to a web user interface for remote accessibility. These capabilities allow for smooth integration without the use of other systems.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. DOAS Market Characteristics
3. DOAS Market Trends And Strategies
4. DOAS Market - Macro Economic Scenario
5. DOAS Market Size And Growth
…..
27. DOAS Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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