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    Variable Air Volume Box Market Report

    Variable Air Volume Box Market Report
    Report code - SRCE293 Delivery - 2 Weeks
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    Variable Air Volume Box Market Size, Share, Trend, Forecast, & Industry Analysis &ndas See more...

    Impact of COVID-19 on Variable Air Volume Box Market

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

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    Impact of COVID-19 on Variable Air Volume Box 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 box market is likely to witness a healthy CAGR of 6.1% during the forecast period. The major factor contributing to the demand for variable air volume boxes is the growing construction activities in the developing countries of APAC.

    Variable Air Volume Box Market - Snapshot

    Growth

    6.1% for the next five years

    Major Type

    Single-Duct VAV

    Dominant Application Type

    Commercial Buildings

    Region with the highest demand

    North America

    Key Players

    Ingersoll Rand PLC, Johnson Controls, TROX GmbH, Spectrum Industries, United Technologies Corporation, Honeywell International Inc., Daikin Industries, Ltd., Siemens AG, Systemair AB, Barcol-Air.

    Segment Analysis

    Variable-Air-Volume-Box-Market-Dominant-Segments

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    Variable Air Volume Box 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. The single-duct VAV segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. The extensive use of single-duct VAV for energy efficiency applications in various applications and its properties such as cost effectiveness and the ability to control zone temperature by volumetric flow of air is the key driver for its dominance.

    Variable Air Volume Box Market Share: By Application Type

    Based on the application type, the variable air volume box market is segmented as residential building, industrial building, and commercial building. The commercial building application dominates the market as use of variable air volume boxes in large offices, shopping malls, hospitals, and hotels, among others including mega structures, conventions centers, shopping malls, and usage of the VAV box with a VAV system ensure the energy efficiency of the overall system, which is propelling the growth of the segment during the forecast period.

    Variable Air Volume Box Market Share: By Region

    In terms of regions, North America is estimated to be the largest market for variable air volume boxes during the forecast period, with the US, Canada, and Mexico being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of the healthcare and construction activities, owing to the increasing aging population in North America, which is also expected to drive the overall construction industry. Increasing spending on infrastructure development is also expected to offer substantial growth opportunities during the forecast period.

    Variable-Air-Volume-Box-Market-By-Region

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    Market Scope & Segmentation

    Variable air volume box is one of the essential components of the HVAC system. For controlling the volume of air, it is managed through the VAV system which is installed at the openings of every duct.

    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 Box 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 box market is segmented into the following categories:

    Variable Air Volume Box Market Size, Share, & Forecast, by Type:

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

    Variable Air Volume Box Market Size, Share, & Forecast, by Application Type:

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

    Variable Air Volume Box 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-Box-Market-Segmentation

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    Key Players

    Some of the major variable air volume box manufacturers are-

    • Ingersoll Rand PLC
    • Johnson Controls
    • TROX GmbH
    • Spectrum Industries
    • United Technologies Corporation
    • Honeywell International Inc.
    • Daikin Industries, Ltd.
    • Siemens AG
    • Systemair AB
    • Barcol-Air.

    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 sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The variable air volume box market is expected to witness an impressive growth of 6.1% CAGR in the foreseeable future.

    Ingersoll Rand PLC, Johnson Controls, TROX GmbH, Spectrum Industries, United Technologies Corporation, Honeywell International Inc., Daikin Industries, Ltd., Siemens AG, Systemair AB, Barcol-Air are among the key players in the variable volume box market.

    North America is expected to remain dominant in the variable air volume box market during the forecast period.

    The commercial building application dominates the variable air volume box market.

    The single-duct VAV segment is expected to remain dominant in the variable volume box market in the coming five years.

    The major factor driving the growth of variable air volume box market is growing construction activities in the developing countries of APAC.

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