Market Overview:
The global VAV air terminals market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient buildings and rising awareness about indoor air quality (IAQ). Additionally, the growing construction industry is also fueling the growth of this market. The global VAV air terminals market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into single-duct variable air volume (VAV), dual-duct variable air volume (VAV), and fan-powered VAV. Single-duct VAV systems are more common than dual-duct systems as they are less expensive and easier to install. However, dual-duct systems offer better performance as they provide independent temperature control for each zone in a building. On the basis of application, it can be classified into commercial buildings, industrial buildings, and residential buildings. Commercial buildings account for a major share of this market owing to their growing popularity among businesses across different industries such as retail & hospitality sectors and healthcare sector . Industrial applications include warehouses & distribution centers , manufacturing plants , data centers etc., whereas residential applications comprise single family homes , multi family homes etc . Geographically speaking , North America dominates this market followed by Europe due to early adoption rates in these regions .
Product Definition:
The Vav Air Terminals are a series of small, squat cylindrical towers that are used to regulate the air pressure in large spaces. They are important because they help to ensure that the air pressure is consistent throughout a space, which can be important for things like manufacturing or construction.
Single-Duct Variable Air Volume:
Single-Duct Variable Air Volume (SDVAV) technology is a new concept in the Vav Air Terminals market. It has been designed to improve and enhance the indoor air quality by reducing pollutants, dust and allergens as well as to provide an improved climate control environment. The terminal design includes one or more ducts that bring in outside air at high volumes, which are then divided into numerous small chambers where individual units operate under controlled circumstances.
Dual-Duct Variable Air Volume:
The dual-duct variable air volume (VDV) system is a new technology that has been gaining popularity in the market. The key drivers of this technology are energy efficiency, cost savings, and comfort offered to end-users. In recent times, there have been significant advancements in HVACR systems with the use of natural refrigerants such as CO2 and argon coupled with efficient equipment such as heat pumps which can be used for both heating and cooling applications.
Application Insights:
The commercial building segment dominated the global vav air terminals market in 2017 and is expected to witness significant growth over the forecast period. The growing number of airports and airlines has led to an increased number of passenger traffic at various airports globally. This, in turn, is anticipated to fuel demand for advanced technologies that help reduce energy consumption and increase operational efficiency.
VAV terminal solutions enable cost-effective installation by reducing energy consumption through its ecofriendly design coupled with highly efficient operations resulting in a sustainable product suitable for use in commercial buildings. These systems also offer flexibility regarding duct orientation which allows more space between ducts while maintaining required airflow rates within a building as well as throughout the year due to seasonal changes. Increasing focus on improving indoor environmental quality along with rising concerns regarding rising electricity costs are projected to drive residential construction across regions, thereby fueling demand for VAV terminals over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in commercial and industrial sectors, which has led to an increase in demand for HVAC systems. Furthermore, rising number of residential constructions due to growing population is anticipated to boost the industry growth over the next eight years.
The North American regional market accounted for a significant share of revenue owing to presence of prominent players such as Honeywell International Inc.; Emerson Electric Co.; and Johnson Controls Inc., among others. These companies are focusing on increasing their geographical reach by entering into partnerships with other leading players or establishing their own brands/brands under different names (i.e., Carrier). This strategy allows them greater control over product development as well as distribution channel through which they can achieve maximum customer penetration at minimal costs thus enabling them greater financial flexibility for strategic initiatives including mergers & acquisitions, new product launches, etc.
Growth Factors:
- Increasing demand for air travel: The global air travel market is expected to grow at a CAGR of 6.4% from 2016 to 2021. This growth is primarily driven by the increasing number of passengers travelling for both business and leisure purposes.
- Rising disposable income: A growing middle-class population, especially in developing countries, is fueling the demand for air travel and, consequently, Vav Air Terminals market growth.
- Proliferation of low-cost carriers: The proliferation of low-cost carriers (LCCs) has made air travel more affordable and accessible to a larger segment of the population, thereby driving demand for Vav Air Terminals products and services.
- Development of new airports/terminals: To meet the rising demand for air travel, many countries are investing in developing new airports or expanding their existing infrastructure capacity which will create opportunities for Vav Air Terminals providers over the next few years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Vav Air Terminals Market Research Report
By Type
Single-Duct Variable Air Volume, Dual-Duct Variable Air Volume, Fan-Powered Variable Air Volume
By Application
Commercial Building, Industrial Building, Residential Building
By Companies
Trane Technologies, Johnson Controls, TROX GmbH, Spectrum Industries, Carrier, Daikin, Siemens, Systemair, Barcol Air, Nailor Industries, Krueger Group, York Choi Industrial Limited
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
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Vav Air Terminals Market Report Segments:
The global Vav Air Terminals market is segmented on the basis of:
Types
Single-Duct Variable Air Volume, Dual-Duct Variable Air Volume, Fan-Powered Variable Air Volume
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:
- Trane Technologies
- Johnson Controls
- TROX GmbH
- Spectrum Industries
- Carrier
- Daikin
- Siemens
- Systemair
- Barcol Air
- Nailor Industries
- Krueger Group
- York Choi Industrial Limited
Highlights of The Vav Air Terminals 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
- 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 Vav Air Terminals 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.
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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?
Vav Air Terminals is an airport located in the city of Vav, Iran. It is a small airport with one runway that can handle light aircraft.
Some of the key players operating in the vav air terminals market are Trane Technologies, Johnson Controls, TROX GmbH, Spectrum Industries, Carrier, Daikin, Siemens, Systemair, Barcol Air, Nailor Industries, Krueger Group, York Choi Industrial Limited.
The vav air terminals market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vav Air Terminals 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 Vav Air Terminals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vav Air Terminals 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 Vav Air Terminals 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 Vav Air Terminals Market Size & Forecast, 2018-2028
4.5.1 Vav Air Terminals Market Size and Y-o-Y Growth
4.5.2 Vav Air Terminals Market Absolute $ Opportunity
Chapter 5 Global Vav Air Terminals 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 Vav Air Terminals 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
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vav Air Terminals 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 Vav Air Terminals 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 Vav Air Terminals 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 Vav Air Terminals 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 Vav Air Terminals Analysis and Forecast
9.1 Introduction
9.2 North America Vav Air Terminals 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 Vav Air Terminals 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
9.7 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 Vav Air Terminals 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 Vav Air Terminals Analysis and Forecast
10.1 Introduction
10.2 Europe Vav Air Terminals 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 Vav Air Terminals 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
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Vav Air Terminals 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 Vav Air Terminals Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vav Air Terminals 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 Vav Air Terminals 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
11.7 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 Vav Air Terminals 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 Vav Air Terminals Analysis and Forecast
12.1 Introduction
12.2 Latin America Vav Air Terminals 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 Vav Air Terminals 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
12.7 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 Vav Air Terminals 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) Vav Air Terminals Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vav Air Terminals 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) Vav Air Terminals 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
13.7 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) Vav Air Terminals 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 Vav Air Terminals Market: Competitive Dashboard
14.2 Global Vav Air Terminals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trane Technologies
14.3.2 Johnson Controls
14.3.3 TROX GmbH
14.3.4 Spectrum Industries
14.3.5 Carrier
14.3.6 Daikin
14.3.7 Siemens
14.3.8 Systemair
14.3.9 Barcol Air
14.3.10 Nailor Industries
14.3.11 Krueger Group
14.3.12 York Choi Industrial Limited
