Market Overview:
Variable air terminal units (VATs) are devices used to regulate the temperature and humidity of a building’s interior spaces. They work by drawing in outside air, conditioning it, and then distributing it into the building. There are three main types of VATs: single-duct variable air volume (VA), dual-duct VA, and fan-powered VA. Each type has its own advantages and disadvantages depending on the application and region. The global variable air terminal units market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth is primarily driven by the increasing demand for energy-efficient HVAC systems in commercial buildings worldwide.
Product Definition:
Variable air terminal units (VATs) are devices used in HVAC systems to regulate the temperature and humidity of the air. They can be used to control the amount of fresh air introduced into a building, or to adjust the supply air temperature. Variable air terminal units are important because they help ensure that occupants have an comfortable environment by adjusting airflow and temperate as needed.
Single-Duct Variable Air Volume:
Single-Duct Variable Air Volume (SDVA/SVAV) is a system that controls the amount of air entering the ducts by varying the area of an individual duct's mouth. It is used in variable air terminal units to control and monitor indoor air quality. The product has applications in commercial, industrial, healthcare and other sectors for supplying clean filtered outsideair at required flow rates with appropriate static pressure levels using flexible hose connections.
Dual-Duct Variable Air Volume:
The dual-duct variable air volume is a system that controls the amount of fresh air entering an indoor area. It's primary function is to maintain constant room temperature by reducing or eliminating the effects of drafts. The product also serves as a cleanable filter, which eliminates allergens, dust and other particulate matter from entering into the indoor areas through ducts.
Increasing awareness regarding energy conservation has led to rising demand for HVAC systems in both commercial.
Application Insights:
The commercial building segment accounted for the largest revenue share of over 50% in 2017. The application of VAV is widely prevalent in commercial buildings as they offer several benefits, such as energy-efficient solutions and cost-effective operational options. Furthermore, the installation of a VAV system in a commercial building requires less space as compared to other applications.
The industrial building segment is expected to expand at the fastest CAGR from 2018 to 2030 owing to increasing demand for these systems from various industries including food and beverage, chemical, paper and pulp mills manufacturing plants along with oil refineries and power generation facilities. In addition, growing environmental concerns regarding air pollution have led major manufacturers focusing on developing products that comply with environmental regulations while offering superior performance compared to conventional counterparts. This trend will positively influence market growth over the forecast period.
Regional Analysis:
The market in North America is expected to witness significant growth over the forecast period owing to the increasing adoption of VAV units for space conditioning and humidity control. The growing demand for energy-efficient HVAC systems is also anticipated to drive regional growth. Furthermore, rising awareness regarding building energy consumption and cost savings offered by variable air terminal units over conventional fixed-speed terminal units has resulted in increased sales volume of these products across this region.
Asia Pacific was estimated as the largest market with a revenue share of more than 35% in 2017 owing to high construction activities coupled with rapid industrialization across major economies such as China, India, Japan, South Korea & Taiwan.
In addition an increase in commercial construction activities along with new constructions including shopping malls.
Growth Factors:
- Increasing demand for variable air terminal units from the commercial sector on account of growing construction and renovation activities.
- Rising popularity of VRF systems, which is boosting demand for variable air terminal units across the world.
- Proliferation of smart buildings and green buildings, which is leading to an increase in adoption of variable air terminal units in these applications.
- Growing awareness about energy efficiency among consumers, resulting in an increase in demand for Variable Air Terminal Units with high energy efficiency ratings.
Scope Of The Report
Report Attributes
Report Details
Report Title
Variable Air Terminal Units 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
Ingersoll Rand PLC, Johnson Controls, TROX GmbH, Spectrum Industries, Carrier, Daikin Industries, Ltd., Siemens AG, Systemair AB, Barcol-Air, Titus, Nailor Industries, Carnes, Krueger, York Choi Industrial, SUNrise Air Conditioning Equipment
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Variable Air Terminal Units Market Report Segments:
The global Variable Air Terminal Units 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:
- Ingersoll Rand PLC
- Johnson Controls
- TROX GmbH
- Spectrum Industries
- Carrier
- Daikin Industries, Ltd.
- Siemens AG
- Systemair AB
- Barcol-Air
- Titus
- Nailor Industries
- Carnes
- Krueger
- York Choi Industrial
- SUNrise Air Conditioning Equipment
Highlights of The Variable Air Terminal Units 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 Variable Air Terminal Units 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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- Correctly Positioning New Products
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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 terminal units (VATU) are a type of air conditioning unit that can be controlled by the user to adjust the temperature and humidity in a room.
Some of the major players in the variable air terminal units market are Ingersoll Rand PLC, Johnson Controls, TROX GmbH, Spectrum Industries, Carrier, Daikin Industries, Ltd., Siemens AG, Systemair AB, Barcol-Air, Titus, Nailor Industries, Carnes, Krueger, York Choi Industrial, SUNrise Air Conditioning Equipment.
The variable air terminal units market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Variable Air Terminal Units Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Variable Air Terminal Units Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Variable Air Terminal Units Market - Supply Chain
4.5. Global Variable Air Terminal Units Market Forecast
4.5.1. Variable Air Terminal Units Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Variable Air Terminal Units Market Size (000 Units) and Y-o-Y Growth
4.5.3. Variable Air Terminal Units Market Absolute $ Opportunity
5. Global Variable Air Terminal Units Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Variable Air Terminal Units Market Size and Volume Forecast by Type
5.3.1. Single-Duct Variable Air Volume
5.3.2. Dual-Duct Variable Air Volume
5.3.3. Fan-Powered Variable Air Volume
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Variable Air Terminal Units Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Variable Air Terminal Units Market Size and Volume Forecast by Application
6.3.1. Commercial Building
6.3.2. Industrial Building
6.3.3. Residential Building
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Variable Air Terminal Units Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Variable Air Terminal Units Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Variable Air Terminal Units Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Variable Air Terminal Units Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Variable Air Terminal Units Demand Share Forecast, 2019-2026
9. North America Variable Air Terminal Units Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Variable Air Terminal Units Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Variable Air Terminal Units Market Size and Volume Forecast by Application
9.4.1. Commercial Building
9.4.2. Industrial Building
9.4.3. Residential Building
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Variable Air Terminal Units Market Size and Volume Forecast by Type
9.7.1. Single-Duct Variable Air Volume
9.7.2. Dual-Duct Variable Air Volume
9.7.3. Fan-Powered Variable Air Volume
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Variable Air Terminal Units Demand Share Forecast, 2019-2026
10. Latin America Variable Air Terminal Units Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Variable Air Terminal Units Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Variable Air Terminal Units Market Size and Volume Forecast by Application
10.4.1. Commercial Building
10.4.2. Industrial Building
10.4.3. Residential Building
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Variable Air Terminal Units Market Size and Volume Forecast by Type
10.7.1. Single-Duct Variable Air Volume
10.7.2. Dual-Duct Variable Air Volume
10.7.3. Fan-Powered Variable Air Volume
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Variable Air Terminal Units Demand Share Forecast, 2019-2026
11. Europe Variable Air Terminal Units Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Variable Air Terminal Units Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Variable Air Terminal Units Market Size and Volume Forecast by Application
11.4.1. Commercial Building
11.4.2. Industrial Building
11.4.3. Residential Building
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Variable Air Terminal Units Market Size and Volume Forecast by Type
11.7.1. Single-Duct Variable Air Volume
11.7.2. Dual-Duct Variable Air Volume
11.7.3. an-Powered Variable Air Volume
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Variable Air Terminal Units Demand Share, 2019-2026
12. Asia Pacific Variable Air Terminal Units Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Variable Air Terminal Units Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Variable Air Terminal Units Market Size and Volume Forecast by Application
12.4.1. Commercial Building
12.4.2. Industrial Building
12.4.3. Residential Building
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Variable Air Terminal Units Market Size and Volume Forecast by Type
12.7.1. Single-Duct Variable Air Volume
12.7.2. Dual-Duct Variable Air Volume
12.7.3. Fan-Powered Variable Air Volume
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Variable Air Terminal Units Demand Share, 2019-2026
13. Middle East & Africa Variable Air Terminal Units Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Variable Air Terminal Units Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Variable Air Terminal Units Market Size and Volume Forecast by Application
13.4.1. Commercial Building
13.4.2. Industrial Building
13.4.3. Residential Building
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Variable Air Terminal Units Market Size and Volume Forecast by Type
13.7.1. Single-Duct Variable Air Volume
13.7.2. Dual-Duct Variable Air Volume
13.7.3. Fan-Powered Variable Air Volume
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Variable Air Terminal Units Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Variable Air Terminal Units Market: Market Share Analysis
14.2. Variable Air Terminal Units Distributors and Customers
14.3. Variable Air Terminal Units Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ingersoll Rand PLC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Johnson Controls
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TROX GmbH
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Spectrum Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Carrier
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Daikin Industries, Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Siemens AG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Systemair AB
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Barcol-Air
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Titus
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nailor Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Carnes
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Krueger
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. York Choi Industrial
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. SUNrise Air Conditioning Equipment
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook