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Variable Air Volume Systems Market by Type (Single Duct VAV, Dual Duct VAV, Induction VAV, and Fan Powered VAV), Application (Residential Buildings, Industrial Buildings, Commercial Buildings) - Global Forecast to 2021

Variable Air Volume Systems Market: Global Forecast until 2021

  • October 2016
  • 144 pages
  • ID: 4275246
In this report:
In the U.S., the market of single duct VAV systems was estimated to be USD ##,##.## million in 2015 and is expected to grow to USD ##,##.## million by 2021, at a CAGR of ##.##%.
The U.S. is the largest market of North America, which was estimated to be USD ##,##.## million in 2015 and is expected to grow at a CAGR of ##.##% during the forecast period.

Summary

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"Strong demand from HVAC systems in commercial buildings driving the Variable Air Volume systems market"

The overall market for variable air volume systems is projected to extend ~$13.4B by 2021, at a compound annual growth rate of ~6.6 percent from 2016 to 2021. Growing demand from the HVAC systems in commercial buildings is the main driver for the VAV systems market. Lower awareness about VAV systems restricts the sector and is a main restraint for the overall VAV systems market. The overall VAV systems market is anticipated to grow with the growing demand for HVAC systems in main economies including India, China (CN), Japan (JP), the U.S.A, the Middle East (ME), and others.

"Commercial buildings, the quickest-rising application for variable air volume systems"

The rise of the overall VAV systems market is primarily due to the growing demand for the use of VAV systems in the HVAC systems used in commercial, industrial, and residential buildings. Commercial buildings are the quickest-increasing application for VAV systems products. The Asia-Pac region is the quickest-increasing area for the application of VAV systems, as the different countries in Asia area, primarily India and China (CN) are increasing at a quick pace and expanding exponentially with a high increase in the numbers of commercial buildings including hotels, offices, and malls.

"Asia Pacific (APAC), the most important and quickest-increasing market for variable air volume systems"

The Asia Pacific (APAC) area is the biggest market for VAV systems globally, with China (CN) leading the industry. The sector in the territory is also witnessing the maximum growth rate, which is attributed to the fast economic expansion the area is undergoing.

This analysis has been approved through primary Q&A managed with different market experts globally. The breakdown of primary interviews on the basis of company type, description, and area is presented below:

- By Company Type- Tier 1 33.0 percent, Tier 2 59.0 percent and Tier 3 8.0 percent

- By Designation- Directors - 17.0 percent, C level- 25.0 percent, and Others- 58.0 percent

- By Region- Europe- 8.0 percent, Asia-pac- 67%, North america (NA)- 8%, Middle-East & Africa- 17.0 percent

The study also contains company analysis and competitive landscape approved by the main market players including United Technologies Corporation (NYSE:UTX), Honeywell (NYSE:HON), Ingersoll Rand Inc., KMC Controls, Johnson Controls, Emerson Electric (NYSE:EMR), and Daikin Sectors, Limited.

Segment Research

This industry report includes the industry for VAV systems by value and forecasts the market value until 2021. The analysis includes the market segmentation by category, application, and area. It also comprises company descriptions and competitive landscape approved by the main market players in the overall VAV systems market.

Why acquiring this study can help you:

- To understand the overall, regional, and national scenarios

- To apprehend the market trends and dynamics together with the main key factors affecting it

- To distinguish the present and upcoming market opportunities

- To recognize the potential sectors in several areas for variable air volume systems

- To track the recent developments in the variable air volume systems market

- To comprehend the competitive background of the sector, and positioning of participants in the sector

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