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  • Variable Air Volume Box Market Growth Analysis | 2028

    Variable Air Volume Box Market Growth Analysis | 2028

    Variable Air Volume Box Market Growth Analysis | 2028
    Report code - SRCE293 Delivery - 2 Weeks
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    Variable Air Volume Box Market Analysis, Share, Trend, & Growth– 2022-2028.
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    Market Insights

    The Variable Air Volume Box Market was valued at USD 5.1 Billion in 2021 and is likely to grow at a CAGR of 6.06% from 2022-2028 to reach USD 7.73 Billion in 2028.

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    What is a variable air volume box?

    A 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.

    Variable Air Volume Box Market Features

    Market Size in 2028

    USD 7.73 billion

    Market Size in 2021

    USD 5.1 billion

    Market Growth (2022-2028)

    6.06% CAGR

    Base Year of Study

    2021

    Trend Period

    2017-2020

    Forecast Period

    2022-2028

    Segments Covered

    By Type (Single-Duct VAV, Dual-Duct VAV, Induction VAV, and Fan-Powered VAV),

    By Application Type (Residential Building, Industrial Building, and Commercial Building),

     By Region.

    Top Companies in 2022

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

    Dominant Region

    North America is estimated to be the largest market during the forecast period.

     

    Drivers

    The major factor contributing to the demand for variable air volume boxes is the growing construction activities in the developing countries of APAC.

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    Key Players

    Some of the major 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.

    Segment Analysis

    By 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 2021 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.

    By Application Type

    The variable air volume box market is segmented into residential buildings, industrial buildings, and commercial buildings. The commercial building application dominates the market as the use of variable air volume boxes in large offices, shopping malls, hospitals, and hotels, among others including mega structures, conventions centers, and 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.

    By Region

    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 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.

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    Segmentation

    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.

    The market is segmented into the following categories:

    By Type:

    • Single-Duct VAV 
    • Dual-Duct VAV 
    • Induction VAV 
    • Fan-Powered VAV 

    By Application Type:

    • Commercial Building 
    • Industrial Building 
    • Residential Building 

    By Region:

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

    Research Methodology

    This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 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:

    • Overview, industry life cycle analysis, supply chain analysis.
    • Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Trend and forecast analysis.
    • Segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New 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 – Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

    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 likely to grow at a CAGR of 6.06% from 2022-2028.

    A 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.

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

    North America is expected to remain dominant in the market during the forecast period.

    Commercial building application dominates the market.

    The Variable Air Volume Box Market was valued at USD 5.1 Billion in 2021 and is likely to reach USD 7.73 Billion in 2028.

    The single-duct VAV segment is expected to remain dominant in the 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.