DOAS Market Size, Growth Drivers, Trends And Forecast 2033

Spread the love

Overview and Scope

A DOAS (dedicated outdoor air system) is an HVAC system that consists of two parallel systems such as one system specifically designed to deliver outdoor air ventilation, which manages the latent and sensible loads of conditioning the ventilation air, and another system specifically designed to manage the loads produced by indoor or process sources and those that pass through the building enclosure. It is installed outside and is often used with other HVAC equipment.

 

Sizing and 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.

 

To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/doas-global-market-report

 

Segmentation & Regional Insights

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

 

Asia-Pacific was the largest region in the DOAS market in 2023. North America was the second-largest region in the DOAS market. The regions covered in the doas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

 

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=8958&type=smp

 

Major Driver Impacting Market Growth

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.

 

Key Industry Players

Major companies operating in the DOAS market are adopting strategic investments, such as Johnson Controls International PLC’s investment in the International WELL Building Institute (IWBI), which aims to provide sustainable building solutions. Johnson Controls has strengthened its commitment to healthy building solutions by investing in and partnering with the International WELL Building Institute (IWBI). For instance, in April 2023, Johnson Controls International PLC, an Ireland-based manufacturing company of dedicated outdoor air systems, announced an investment in the International WELL Building Institute (IWBI). The WELL Enterprise Provider (EP) credential from Johnson Controls assists clients in meeting their business objectives across disciplines such as ESG reporting, human and social capital administration, and workplace planning and policy. Johnson Controls, as a WELL EP, will extend its current building certification consulting offerings to include WELL certification and ratings. The International WELL Building Institute is a US-based performance system for assessing, certifying, and monitoring built-environmental elements that affect human health and well-being.

 

The doas market report table of contents includes:

  1. Executive Summary
  2. DOAS Market Characteristics
  3. DOAS Market Trends And Strategies
  4. DOAS Market – Macro Economic Scenario
  5. Global DOAS Market Size and Growth
  6. DOAS Market Segmentation
  7. DOAS Market Regional And Country Analysis

…………………

  1. Key Mergers And Acquisitions In The DOAS Market
  2. DOAS Market Future Outlook and Potential Analysis
  3. Appendix

 

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global DOAS Market, Segmentation By Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global DOAS Market, Segmentation By Implementation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global DOAS Market, Segmentation By Requirement, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

………………

Table 74: Africa, DOAS Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Johnson Controls International plc Financial Performance

Table 76: Daikin Industries Ltd. Financial Performance

Table 77: Lucky Goldstar Electronics Inc. Financial Performance

Table 78: Samsung Electronics Co. Ltd. Financial Performance

Table 79: Nortek Global HVAC LLC Financial Performance

 

Explore the trending research reports from TBRC:

https://goodprnews.com/interaction-sensor-market-growth/

https://topprnews.com/marine-fuel-optimization-market-trends/

 

Learn About Us:

The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

 

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: [email protected]

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model


Spread the love

About Top PR News

TopPRnews Leads Drives Search Engine Visibility For Your Press Release Content. Our Global Network Reaches Important Contacts, Media Partners And Websites And Journalists. Happy Postings! If You Have Any Queries Please Contact Official Mail At [[email protected]}

View all posts by Top PR News →