Market Overview:
Variable air volume (VAV) box is a type of air handling unit that controls the amount of outdoor air supplied to a space. It also maintains the desired temperature and humidity by varying the supply airflow rate. The global variable air volume (VAV) box market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The global variable air volume (VAV) box market is segmented on the basis of type, application and region. On the basis of type, it is segmented into single-duct VAV, dual-duct VAV, fan-powered VAV and others. On the basis of application, it is segmented into commercial building, industrial building and residential building segments respectively.
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Product Definition:
Variable air volume (VAV) boxes are an important part of any building's HVAC system. They allow the temperature and airflow to be adjusted in different areas of a building, depending on what is needed. This can save energy by not over- or under-cooling or heating specific areas.
Single-Duct Variable Air Volume:
Single-Duct Variable Air Volume, also known as SDAV is a technology that allows the change of multiple air volumes in a single duct. It can be used for commercial and industrial applications. The growth factor in the variable air volume box market is driven by factors such as growing demand from end-use industries such as hospitality, healthcare & education sectors and increasing government initiatives to improve indoor air quality across various regions globally.
Dual-Duct Variable Air Volume:
The variable air volume box is used to control the amount of fresh air entering a building. It's primary function is to maintain an adequate supply of outside fresh air at all times, without any loss or contamination. The VAV unit controls the amount of outside fresh air by changing the volumetric flow rate with a dial or lever.
It’s also known as ductwork that allows you to change the direction and size of how much airflow comes into rooms in commercial.
Application Insights:
The residential building segment is expected to witness the fastest growth over the forecast period. This can be attributed to rising disposable income and population in developing countries, such as India and China. Increasing penetration of air conditioning systems in new residential construction projects is also likely to drive demand for VAV boxes over the forecast period. In addition, growing urbanization due to increasing population coupled with favorable government policies promoting home ownership are expected to boost demand for VAV boxes in residential applications.
Increasing commercial construction activities across North America and Europe are anticipated to contribute toward market growth over the next eight years.
Regional Analysis:
Europe was the largest market for variable air volume boxes in terms of revenue and is expected to continue its dominance over the forecast period. The growth can be attributed to stringent government regulations regarding energy consumption coupled with rising awareness about energy conservation among consumers. Europe has been at the forefront of implementing various initiatives and rules & regs pertaining to VAV technology, which is one major reason as to why this region dominates the global market.
The Asia Pacific regional market captured a revenue share of 24% in 2017 owing to increasing construction activities across emerging economies such as China, India, Indonesia, Malaysia Philippines etc., especially in commercial sectors due to growing demand from offices and business centers. Moreover, rapid urbanization along with increased infrastructure spending by governments are likely contributors towards industry growth over next eight years or so.
Growth Factors:
- Increasing demand for energy-efficient buildings: The global market for energy-efficient buildings is expected to grow at a CAGR of more than 9% from 2016 to 2020. This is primarily due to the increasing awareness about the benefits of using energy-efficient technologies among businesses and consumers. VAV boxes are an important part of any building's HVAC system and can help in reducing its overall energy consumption.
- Growing popularity of green buildings: Green or sustainable construction is one of the fastest growing segments in the global construction industry. According to a study by Dodge Data & Analytics, green building construction will account for more than 30% of total worldwide construction spending by 2018. This growth can be attributed to the increasing awareness about the benefits of using sustainable materials and technologies among businesses and consumers alike. VAV boxes are an important part of any green building's HVAC system as they help in conserving energy and reducing greenhouse gas emissions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Variable Air Volume (VAV) Box Market Research Report
By Type
Single-Duct Variable Air Volume, Dual-Duct Variable Air Volume, Fan-Powered Variable Air Volume, Others
By Application
Commercial Building, Industrial Building, Residential Building
By Companies
Ingersoll Rand PLC (Ireland), Johnson Controls (US), TROX GmbH (Germany), Spectrum Industries (India), United Technologies Corporation (US), Honeywell International Inc. (US), Daikin Industries, Ltd. (Japan), Siemens AG (Germany), Systemair AB (Sweden), Barcol-Air (Switzerland)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Variable Air Volume (VAV) Box Market Report Segments:
The global Variable Air Volume (VAV) Box market is segmented on the basis of:
Types
Single-Duct Variable Air Volume, Dual-Duct Variable Air Volume, Fan-Powered Variable Air Volume, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Building, Industrial Building, Residential Building
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ingersoll Rand PLC (Ireland)
- Johnson Controls (US)
- TROX GmbH (Germany)
- Spectrum Industries (India)
- United Technologies Corporation (US)
- Honeywell International Inc. (US)
- Daikin Industries, Ltd. (Japan)
- Siemens AG (Germany)
- Systemair AB (Sweden)
- Barcol-Air (Switzerland)
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Highlights of The Variable Air Volume (VAV) Box Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-Duct Variable Air Volume
- Dual-Duct Variable Air Volume
- Fan-Powered Variable Air Volume
- Others
- By Application:
- Commercial Building
- Industrial Building
- Residential Building
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Variable Air Volume (VAV) Box Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Variable air volume (VAV) boxes are used to control the air flow in a room. They can be used to create different atmospheres, such as a quiet room or an open space.
Some of the key players operating in the variable air volume (vav) box market are Ingersoll Rand PLC (Ireland), Johnson Controls (US), TROX GmbH (Germany), Spectrum Industries (India), United Technologies Corporation (US), Honeywell International Inc. (US), Daikin Industries, Ltd. (Japan), Siemens AG (Germany), Systemair AB (Sweden), Barcol-Air (Switzerland).
The variable air volume (vav) box market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Variable Air Volume (VAV) Box Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Variable Air Volume (VAV) Box Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Variable Air Volume (VAV) Box Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Variable Air Volume (VAV) Box Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Variable Air Volume (VAV) Box Market Size & Forecast, 2020-2028
4.5.1 Variable Air Volume (VAV) Box Market Size and Y-o-Y Growth
4.5.2 Variable Air Volume (VAV) Box Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single-Duct Variable Air Volume
5.2.2 Dual-Duct Variable Air Volume
5.2.3 Fan-Powered Variable Air Volume
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Building
6.2.2 Industrial Building
6.2.3 Residential Building
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Variable Air Volume (VAV) Box Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Variable Air Volume (VAV) Box Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single-Duct Variable Air Volume
9.6.2 Dual-Duct Variable Air Volume
9.6.3 Fan-Powered Variable Air Volume
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Building
9.10.2 Industrial Building
9.10.3 Residential Building
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single-Duct Variable Air Volume
10.6.2 Dual-Duct Variable Air Volume
10.6.3 Fan-Powered Variable Air Volume
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Building
10.10.2 Industrial Building
10.10.3 Residential Building
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single-Duct Variable Air Volume
11.6.2 Dual-Duct Variable Air Volume
11.6.3 Fan-Powered Variable Air Volume
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Building
11.10.2 Industrial Building
11.10.3 Residential Building
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single-Duct Variable Air Volume
12.6.2 Dual-Duct Variable Air Volume
12.6.3 Fan-Powered Variable Air Volume
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Building
12.10.2 Industrial Building
12.10.3 Residential Building
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single-Duct Variable Air Volume
13.6.2 Dual-Duct Variable Air Volume
13.6.3 Fan-Powered Variable Air Volume
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Building
13.10.2 Industrial Building
13.10.3 Residential Building
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Variable Air Volume (VAV) Box Market: Competitive Dashboard
14.2 Global Variable Air Volume (VAV) Box Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ingersoll Rand PLC (Ireland)
14.3.2 Johnson Controls (US)
14.3.3 TROX GmbH (Germany)
14.3.4 Spectrum Industries (India)
14.3.5 United Technologies Corporation (US)
14.3.6 Honeywell International Inc. (US)
14.3.7 Daikin Industries, Ltd. (Japan)
14.3.8 Siemens AG (Germany)
14.3.9 Systemair AB (Sweden)
14.3.10 Barcol-Air (Switzerland)
