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    Variable Air Volume (VAV) Systems Market Report

    Variable Air Volume (VAV) Systems Market Report
    Report code - SRCE292 Delivery - 2 Weeks
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    Variable Air Volume (VAV) Systems Market Size, Share, Trend, Forecast, & Industry Anal See more...

    Impact of COVID-19 on Variable Air Volume (VAV) Systems Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Variable Air Volume (VAV) Systems Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Variable air volume (VAV) systems market is likely to witness an impressive CAGR of 6.3% during the forecast period. The major growth drivers underpinning the demand for variable air volume (VAV) systems are increasing disposable income, sustainability concerns, increasing infrastructure investments, and energy efficiency legislations, in commercial building applications.

    Variable Air Volume (VAV) Systems Market - Snapshot

    Growth

    6.3% for the next five years

    Dominant Type

    Single-Duct VAV

    Dominant Application Type

    Commercial Building

    Region with the highest demand

    North America

    Key Players

    Ingersoll-Rand Inc., Honeywell International Ltd, United Technologies Corporation, Daikin Industries Ltd., Johnson Controls, Siemens AG, Emerson Electric Co., TROX, KMC Controls, and Barcol Air Ltd

    Segment Analysis

    Variable-Air-Volume-(VAV)-Systems-Market-Dominant-Segments

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    Variable Air Volume (VAV) Systems Market Share: By Type

    Based on the type, the market is segmented as single-duct VAV, dual-duct VAV, induction VAV, and fan-powered VAV systems. The single-duct VAV segment held the largest share of the market in 2020, and is estimated to maintain its dominance during the forecast period. Increasing population, growing urbanization, and shift of manufacturing facilities from North America and Europe to APAC have fueled the growth of building & construction and infrastructural activities, which have spurred the demand for variable air volume (VAV) systems.

    Variable Air Volume (VAV) Systems Market Share: By Application Type

    Based on the application type, the variable air volume (VAV) systems market is segmented as commercial buildings, industrial buildings, and residential buildings. The commercial buildings’ segment dominates the market, driven by the growing demand for variable air volume (VAV) systems in the hospitality sector, retail sector, offices, and warehouses. The growth of the segment is further boosted by increase in infrastructure spending.

    Variable Air Volume (VAV) Systems Market Share: By Region

    In terms of regions, North America is estimated to be the largest variable air volume (VAV) systems market during the forecast period, with the USA, Canada, and Mexico, being the major countries with the most lucrative as well as the fastest-growth opportunities. The growth of the market is driven by the increasing use of variable air volume (VAV) systems in various end-use applications such as commercial, residential, and industrial buildings. Asia-Pacific, Europe, and The Middle East are also expected to offer substantial growth opportunities during the forecast period.

    Variable-Air-Volume-(VAV)-Systems-Market-By-Region

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    Market Scope & Segmentation

    Variable air volume (VAV) system is a type of heating ventilation and air conditioning (HVAC) system which is used for supplying constant air flow at variable temperatures and it varies the airflow at constant temperature. It provides more precise temperature control, reduced compressor wear, lower energy consumption by system fans, less fan noise, and increased dehumidification.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Variable Air Volume (VAV) Systems Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The variable air volume (VAV) systems market is segmented into the following categories. 

    Variable Air Volume (VAV) Systems Market Size, Share, & Forecast, by Type:

    • Single-Duct VAV System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Dual-Duct VAV System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Induction VAV System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fan-Powered VAV System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Variable Air Volume (VAV) Systems Market Size, Share, & Forecast, by Application Type:

    • Commercial Buildings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial Buildings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Residential Buildings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Variable Air Volume (VAV) Systems Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Variable-Air-Volume-(VAV)-Systems-Market-Segmentation

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    Key Players

    Some of the major variable air volume (VAV) system manufacturers are-

    • Ingersoll Rand
    • Honeywell International Ltd.
    • United Technologies Corporation
    • Daikin Industries Ltd.
    • Johnson Controls
    • Siemens AG
    • Emerson Electric Co.
    • TROX
    • KMC Controls
    • Barcol Air Ltd.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The variable air volume systems market is expected to witness an impressive growth of 6.3% CAGR in the foreseeable.

    Ingersoll Rand, Honeywell International Ltd., United Technologies Corporation, Daikin Industries Ltd., Johnson Controls, Siemens AG, Emerson Electric Co., TROX, KMC Controls, and Barcol Air Ltd are among the key players in the variable air volume systems market.

    North America is expected to be the largest variable air volume systems market during the forecast period.

    The commercial buildings segment dominates the variable air volume systems market, driven by the growing demand for variable air volume (VAV) systems in the hospitality sector, retail sector, offices, and warehouses.

    The single-duct VAV segment is expected to maintain its dominance in the variable air volume systems market during the next five years.

    Increasing disposable income, sustainability concerns, increasing infrastructure investments, and energy efficiency legislations, in commercial building applications are the factors driving the growth of variable air volume systems market.

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