Dedicated Outdoor Air System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Dedicated Outdoor Air System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Report Digest
Global Dedicated Outdoor Air System Market: Overview
Dedicated outdoor air systems (DOAS) are exactly a type of heating, ventilation, and air-conditioning (HVAC) system. This system involves two parallel systems such as dedicated system, which deliver outdoor air ventilation and a parallel system for handling the sensible heat generated by the indoor process. Rising global temperature is augmenting the adoption of the dedicated outdoor air system and in turn, is propelling the market growth.
Global Dedicated Outdoor Air System Market: Notable Developments
- In 2019, Greenheck announced the expansion of its manufacturing units for dedicated outdoor air systems (DOAS), tempered air products (TAP) present in Shelby. For this expansion, the company is likely to invest US$60 mn. This investment and expansion of production units are likely to help them to fulfill the gap between demand and supply along with assisting for gaining a competitive edge and in turn, benefit the market.
- In October 2018, Samsung has introduced the product line for ventilation of buildings called Fresh Access. This product line is designed to maintain the flow of fresh air in commercial buildings. This DOAS boasts a range of capacities from 3 tons 70 tons. Launch of such advanced technologies in the market is estimated to provide traction to the global dedicated outdoor air system market.
Some of the most prominent competitors operating in the competitive landscape of global dedicated outdoor air system market include –
- Johnson Controls
- Greenheck Fan Corporation
- United Technologies Corp.
- Daikin Industries Ltd.
- Ingersoll Rand Plc, Nortek, Inc.
- Mitsubishi Electric
- SEMCO, LLC
- LG Electronics
- Samsung Electronics
These players are trying to innovate the systems and introduce newer products, which may help them to maintain their dominance in the market. Additionally, strategies such as merger and acquisition, partnerships, and collaborations are helping them to maintain their presence in the highly competitive edge of the market.
Global Dedicated Outdoor Air System Market: Drivers and Restraints
Growing advancement in the dedicated outdoor air systems such as the presence of the improved capacity products is driving growth of the global dedicated outdoor air system market. Advent of technology providing 20 to 40 ton capacity of the dedicated outdoor air system is widening its usage across commercial and residential buildings. Rising adoption of the dedicated outdoor air systems from green building especially in residential buildings is fuelling growth of the global dedicated outdoor air system market.
Additionally, rising construction industry globally and especially across the developing countries in the Asia Pacific is driving market growth. Further, the governments are largely investing in the construction industry and encouraging adoption of the green buildings. Moreover, the rising number of projects for infrastructural development such as hotels, airports, hospitals, and apartments are propelling market growth.
In addition, a substantial increase in the adoption of dedicated outdoor air system in commercial buildings as the demand for the energy-efficient system is growing is estimated to offer growth opportunities in the coming years. Raised awareness among people about energy conservation and energy saving globally is supporting growth of the market to some extent.
Global Dedicated Outdoor Air System Market: Regional Outlook
On the basis of region, the dedicated outdoor air system market is segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Of these, Asia Pacific is expected to dominate the global dedicated outdoor air system market and is likely to remain dominant in the coming years. This is attributable to growing construction industries and activities especially in countries such as China, South Korea, Japan, and India. Additionally, the advent of robust population in these countries coupled with changing climate conditions is augmenting growth of the global dedicated outdoor air system market.
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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