Press release
Global DOAS Market: Projected to Soar to $7.17 Billion by 2029 at a CAGR of 10.4%
DOAS Market
What Is The Projected Market Size Of The Global DOAS Market And Its Growth Rate?
• 2024 Market Size: $4.45 billion
• 2025 Market Size: $4.83 billion (8.5% CAGR)
• 2029 Market Size: $7.17 billion (10.4% CAGR)
This predicted growth can be attributed to successful commercial and institutional adoption driven by the desire for enhanced energy savings, occupant comfort, and improved indoor air quality.
What Is Driving The Growth In The DOAS Market?
The growth in the DOAS market can largely be attributed to the increasing number of residential and commercial constructions. Statistics from the Australian Bureau demonstrate the trend, revealing an increase of 1.3% in the number of dwellings under construction in the March quarter of 2023, resulting in a total of 240,813 units. DOAS, or dedicated outdoor air systems, are utilized in a variety of buildings, including industrial, commercial, residential, and institutional settings, where the choice of DOAS unit depends on environmental factors, the age of the building, owner and designer preferences, project budget, and overall building design.
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Who Are the Key Players Driving DOAS Market Growth?
• 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 Are The Key Trends In The DOAS Market?
• Energy efficiency regulations
• Focus on indoor air quality (IAQ)
• Green building certifications
• HVAC system upgrades and renovations
• Adoption of variable refrigerant flow (VRF) systems and innovative product offerings.
What Are The Segments Of The Global DOAS Market?
• By Capacity: Less Than 20 Tons, 20-40 Tons, 40-60 Tons, Greater Than 60 Tons
• By Implementation Type: New Construction, Retrofit
• By Requirement: Heating, Cooling, Ventilation, Dehumidification
• By End User: Commercial, Residential, Industrial
Which Region Leads The DOAS Market?
The Asia-Pacific region represented the largest share in the DOAS market as of 2024, with North America coming in as the second-largest region. The regions covered in the DOAS market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The DOAS Market Global Market Report?
- Market Size Analysis: Analyze the DOAS Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the DOAS Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall DOAS Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the DOAS Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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