Published Date: 31-Oct-2022
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According to a new report, published by KBV research, The Global Dedicated Outdoor Air System (DOAS) Market size is expected to reach $6.2 billion by 2028, rising at a market growth of 8.5% CAGR during the forecast period.
The 20-40 Tons market is leading the Global Dedicated Outdoor Air System (DOAS) Market by Capacity in 2021, thereby, achieving a market value of $2.8 billion by 2028, There is a high likelihood that the market for 20–40 tons DOAS would expand because these systems are preferred in areas that have a shortage of water; they are portable and can be easily implemented on the roof; they lessen the amount of noise that is produced inside, and they are among the most effective and energy-saving models available.
The Cooling market has shown the high growth rate of 8.8% during (2022 - 2028). The DOAS must be built to decouple the building's latent load from the zonal cooling system. Typically, external air is chilled to a temperature of 55°F, neutralizing its humidity ratio and making it cooler than the space condition. This will shift a substantial latent load to the terminal units, possibly exceeding what they are meant to deliver.
The New Construction market acquired the maximum revenue share in the Global Dedicated Outdoor Air System (DOAS) Market by Implementation Type in 2021, thereby, achieving a market value of $4.2 billion by 2028. The continued viability of the DOAS business relies heavily on new building and development initiatives. Increasing urbanization, economic expansion, and discretionary affluence in emerging economies drive the expansion of the DOAS business in new construction.
The Residential market is showcasing a CAGR of 9.1% during (2022 - 2028). The significant rise in the growth of the segment is primarily ascribed to the rising disposable income of people all over the world. Due to an upsurge in the disposable income of people, they are becoming more capable of purchasing advanced products and services, which is enabling the penetration of DOAS into the residential sector. Therefore, the growth of this segment is fueled by this factor.
The North America market dominated the Global Dedicated Outdoor Air System (DOAS) Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.3 billion by 2028. The Europe market is anticipated to grow at a CAGR of 8.1% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 9% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Johnson Controls International PLC, Carrier Global Corporation, Daikin Industries, Ltd., Trane Technologies PLC, LG Electronics, Inc. (LG Corporation), Samsung Electronics Ltd. (Samsung Group), Greenheck Fan Corporation, Nortek Global HVAC LLC (Nortek), Ingersoll Rand, Inc., and Mitsubishi Electric Corporation.
By Implementation Type
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