Salemonline Journal

Variable Air Volume (VAV) Systems Market Graph, Global Size, Key Segments, Applications, and Regional Growth

 Breaking News
  • No posts were found

Variable Air Volume (VAV) Systems Market Graph, Global Size, Key Segments, Applications, and Regional Growth

February 12
20:40 2024
Variable Air Volume (VAV) Systems Market Graph, Global Size, Key Segments, Applications, and Regional Growth
Browse 84 market data Tables and 52 Figures spread through 157 Pages and in-depth TOC on “Variable Air Volume (VAV) Systems Market”
Variable Air Volume (VAV) Systems Market by Type (Single-duct VAV, Dual-duct VAV, Induction VAV, Fan-powered VAV), Application (Commercial building, Industrial building, Residential building), and Region – Global Forecast

The report Variable Air Volume (VAV) Systems Market by Type (Single-duct VAV, Dual-duct VAV, Induction VAV, Fan-powered VAV), Application (Commercial building, Industrial building, Residential building), and Region – Global Forecast to 2024″ The variable air volume (VAV) systems market is expected to grow from USD 11.8 billion in 2019 to USD 16.0 billion by 2024, at a CAGR of 6.3 % during the forecast period. The major factors driving the variable air volume (VAV) systems market include increasing construction activities, globally and rising awareness for reducing energy consumption.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=67412024 

Single-duct VAV to dominate the global Variable Air Volume (VAV) Systems market during the forecast period

The variable air volume (VAV) Systems market has been segmented based on types into single-duct VAV, dual-duct VAV, induction VAV, and fan-powered VAV. Among these types, the single-duct VAV segment accounted for the largest share of the market in 2018 and is likely to witness significant growth over the forecast period. The growth in this segment is attributed to its increasing in various application such as offices, gymnasiums, cafeterias, lecture halls, auditoriums, large meeting rooms, churches, and arenas since it ensures reduced energy consumption, thereby contributing to the global need for energy efficiency.

These factors are expected to drive demand during the forecast period.

Commercial building application is expected to grow at the highest CAGR in the global variable air volume (VAV) systems market during the forecast period

Commercial building application is growing rapidly owing to the rising demand for VAV systems installations in offices, hospitals, retail, warehouse and others due to the zonal effect of temperature control by the VAV systems in such places. Furthermore, the use of VAV systems in commercial buildings is defined majorly by their cost-effectiveness, energy-efficient nature, and the ability to control the humidity of an occupied space. These factors are expected to drive the demand for variable air volume (VAV) systems in commercial building application.

North America is expected to hold the largest market size in the global market during the forecast period

North America is estimated to be the leading variable air volume (VAV) systems market during the forecast period. The growth in the North American region can be attributed to the rising demand for VAV systems due to industrial growth, huge customer base, and high infrastructure spending.  The presence of a robust industrial base, favorable government policies, and the presence of leading VAV system manufacturers are further strengthening the variable air volume (VAV) systems market in North America.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=67412024  

Ingersoll Rand (Ireland), Honeywell International Ltd (US), United Technologies Corporation (US), Daikin Industries Ltd. (Japan), Johnson Controls (US), Siemens (Germany), Emerson Electric Co (US), TROX (Germany), DAIKIN INDUSTRIES, Ltd., (Japan), KMC Controls (US), and Barcol Air Ltd. (Switzerland), among others are the leading Variable Air Volume (VAV) Systems manufacturers, globally. These companies adopted new product development, joint venture, and merger or acquisition as their strategies between January 2015 and August 2018 to earn a competitive advantage in the Variable Air Volume (VAV) Systems market.

Johnson Controls (US) is one of the leading players in the Variable Air Volume (VAV) Systems market. The company has been focusing on both organic and inorganic strategies to maintain its leading position in the market. For example, In April 2019, Johnson Controls-Hitachi Air Conditioning, India launched its latest range of energy-efficient and expandable Inverter AC solutions. With the launch of this product, the organization aims to bring about a revolution in Indian AC industry and to become Indias leading HVAC brand.

Ingersoll Rand (Ireland) is another major player in the Variable Air Volume (VAV) Systems market. In February 2017, the company planned to acquire the business of Thermocold Costruzioni S.r.l (Italy), a manufacturer and distributor of heating, ventilating and air-conditioning (HVAC) systems and solutions. This acquisition will further strengthen its position in the global HVAC and VAV market.

Read Our Trending Press Release Below:

Self-Adhesive Labels Market

Medical Tubing Market

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/variable-air-volume-systems-market-67412024.html