HOME Top Market Reports 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 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

By: marketsandmarkets.com
Publishing Date: October 2016
Report Code: CH 4676

 

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The global Variable Air Volume (VAV) systems market is projected to reach USD 13.44 Billion by 2021, at a CAGR of 6.56% from 2016 to 2021. In this study, 2015 has been considered the base year and 2016 to 2021, the forecast period to estimate the market size of VAV systems. The growing demand in the Asia-Pacific, Latin American, and the Middle-Eastern & African regions, coupled with the growing advances in VAV systems, is expected to drive the global VAV systems market during the forecast period.

Objectives of the Study

  • To define and segment the market for VAV systems on the basis of type, application, and region
  • To estimate and forecast the market for VAV systems in terms of value
  • To analyze significant region-specific trends of the market in North America, Western Europe, Central & Eastern Europe, the Asia-Pacific region, South America, and the Middle East & Africa
  • To estimate and forecast the market for VAV systems on the basis of type, application, and region, and at the country level in each of the regions
  • To identify and analyze the key drivers, restraints, challenges, and opportunities influencing the VAV systems market
  • To analyze recent market developments and competitive strategies such as alliances, joint ventures, and mergers & acquisitions to draw the competitive landscape in the market for VAV systems
  • To strategically identify and profile the key market players and analyze their core competencies in each type and application of the VAV systems market

This research study used extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study of the global VAV systems market. The primary sources are mainly industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. The bottom-up approach has been used to estimate the market size of VAV systems on the basis of type, application and region, in terms of value. The top-down approach has been implemented to validate the market size, in terms of value. With the data triangulation procedure, and validation of data through primary interviews, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.

Variable Air Volume Systems Market

To know about the assumptions considered for the study, download the pdf brochure

Target Audience:

  • VAV manufacturers
  • VAV traders, distributors, and suppliers
  • End-use market participants of different segments of VAV
  • Government and research organizations
  • Associations and industrial bodies
  • Research and consulting firms
  • R&D institutions
  • Environment support agencies
  • Investment banks and private equity firms

“This study answers several questions for the stakeholders, primarily which market segments need to be focused upon during the next two to five years to prioritize their efforts and investments”.

Raw material suppliers in the global VAV systems market are the companies providing raw materials such as dampers, fans, coils, filters, diffusers to VAV systems manufacturers. Trox UK Ltd. (U.K.), BELIMO Holding AG (Switzerland), Emerson Electric Co. (U.S.) among others and similar suppliers provide raw materials to manufacturing companies such as Ingersoll Rand (Ireland), Honeywell International Ltd (U.S.), United Technologies Corporation (U.S.). VAV systems manufacturing companies process these raw materials to manufacture different types of VAV systems used across various sectors according to their applications.

Scope of the Report:

This research report categorizes the market for VAV systems based on type, application, and region and forecasts revenue growth and analysis of trends in each of the submarkets.

On the Basis of Type:

  • Single duct VAV system
  • Dual duct VAV system
  • Induction VAV system
  • Fan powered VAV system

On the Basis of Application:

  • Residential buildings
  • Industrial buildings
  • Commercial buildings

On the Basis of Region:

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Rest of Asia-Pacific

North America

  • U.S.
  • Canada
  • Mexico

Western Europe

  • Germany
  • France
  • U.K.
  • Rest of Western Europe

Central & Eastern Europe

  • Russia
  • Turkey
  • Rest of Central & Eastern Europe

South America

  • Brazil
  • Argentina
  • Rest of South America

Middle East & Africa

  • UAE
  • Saudi Arabia
  • Nigeria
  • Rest of Middle East & Africa

These segments are further described in detail along with their subsegments in the report, with value and volume forecasts till 2021.

Available Customizations: The following customization options are available for the report:

  1. Company Information

Analysis and profiles of additional global as well as regional market players (Up to three)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Sources
                     2.1.2.2 Key Industry Insights
                     2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
           2.3.1 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Variable Air Volume Market
    4.2 Variable Air Volume Market Growth, By Type
    4.3 Variable Air Volume Market Share, in Asia-Pacific, By Application and Country, 2015
    4.4 Variable Air Volume Market Share, By Region
    4.5 Variable Air Volume Market Size, By Country
    4.6 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Type
           5.3.2 By Application
           5.3.3 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                     5.4.1.1 Increasing Awareness to Reduce Energy Consumption
                     5.4.1.2 Demand for Uniform Air Distribution Control Driving the Market for VAV Controller
           5.4.2 Restraints
                     5.4.2.1 High Product Cost and Installation Cost
                     5.4.2.2 Lesser Awareness About VAV to Restrict the Market
           5.4.3 Opportunities
                     5.4.3.1 Newer Modification in VAV System to Act as an Opportunity for the VAV Market
           5.4.4 Challenges
                     5.4.4.1 Stringent Government Regulations Regarding the Use of Refrigerants

6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Supply Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Threat of New Entrants
           6.3.3 Threat of Substitutes
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Economic Indicator
           6.4.1 Trends and Forecast of GDP at Country Level
           6.4.2 Overview of Manufacting Sector
    6.5 Patent Analysis
           6.5.1 Introduction
           6.5.2 Patent Analysis of Variable Air Volume Sytems Market, By Type
           6.5.3 Patent Analysis of Variable Air Volume Market, By Application
           6.5.4 Patent Analysis of Variable Air Volume Market, By Region

7 Variable Air Volume Market, By Type (Page No. - 54)
    7.1 Introduction
    7.2 Market Size & Projection
    7.3 Single Duct Variable Air Volume Systems
    7.4 Dual Duct Variable Air Volume Systems
    7.5 Induction Variable Air Volume Systems
                     7.6.1.1 Series Flow
                     7.6.1.2 Parallel Flow

8 Variable Air Volume Market, By Application (Page No. - 62)
    8.1 Introduction
    8.2 Residential Buildings
           8.2.1 Commercial Buildings
           8.2.2 Industrial Buildings

9 Variable Air Volume Market, By Region (Page No. - 69)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Middle East & Africa
           9.3.1 UAE
           9.3.2 Saudi Arabia
           9.3.3 Nigeria
           9.3.4 Rest of the Middle East & Africa
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 India
           9.4.3 Japan
           9.4.4 South Korea
           9.4.5 Indonesia
           9.4.6 Rest of Asia-Pacific
    9.5 Europe
           9.5.1 Western Europe
                     9.5.1.1 Germany
                     9.5.1.2 U.K.
                     9.5.1.3 France
                     9.5.1.4 Rest of Western Europe
           9.5.2 Central & Eastern Europe
                     9.5.2.1 Turkey
                     9.5.2.2 Russia
                     9.5.2.3 Rest of Central & Eastern Europe
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 108)
     10.1 Overview
     10.2 Market Share Analysis
     10.3 New Product Launch: Most Popular Growth Strategy
     10.4 Competitive Situation & Trends
               10.4.1 New Product Launches
               10.4.2 Expansions

11 Company Profiles (Page No. - 113)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 United Technologies Corporation
     11.2 Honeywell International Inc.
     11.3 Johnson Controls
     11.4 Emerson Electric Co.
     11.5 Ingersoll Rand
     11.6 Daikin Industries Ltd.
     11.7 KMC Controls
     11.8 KAD Air Conditioning
     11.9 Barcol-Air Ltd.
     11.10 Bion Safety Controls Pvt. Ltd

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 134)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (75 Tables)

Table 1 Variable Air Volume Market, By Type
Table 2 Variable Air Volume Market, By Application
Table 3 Trends and Forecast of GDP at Country Level, USD Billion (2015–2021)
Table 4 Trends and Forecast of Manufacturing Sector and Growth, USD Billion (2015–2021)
Table 5 Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 6 Single Duct Variable Air Volume System Market Size, By Material Type, 2014–2021 (USD Million)
Table 7 Dual Duct Variable Air Volume System Market Size, By Region, 2014–2021 (USD Million)
Table 8 Induction Variable Air Volume Systems Market Size, By Region, 2014–2021 (USD Million)
Table 9 Fan Powered Variable Air Volume Systems Market Size, By Region, 2014–2021 (USD Million)
Table 10 Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 11 Variable Air Volume Market Size in Residential Buildings Application, By Region, 2014–2021 (USD Million)
Table 12 Variable Air Volume Market Size in Commercial Buildings Application, By Region, 2014–2021 (USD Million)
Table 14 North America: Variable Air Volume Market Size, By Region, 2014-2021 (USD Million)
Table 15 North America: Variable Air Volume Market Size, By Type, 2014-2021 (USD Million)
Table 16 North America: Variable Air Volume Market Size, By Application, 2014-2021 (USD Million)
Table 17 U.S.: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 18 U.S.: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 19 Canada: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 21 Mexico: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 22 Mexico: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 24 Middle East & Africa: Variable Air Volume Market Size, By Type, 2014-2021 (USD Million)
Table 25 Middle East & Africa: Variable Air Volume Market Size, By Application, 2014-2021 (USD Million)
Table 26 UAE: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 27 UAE: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 29 Saudi Arabia: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 30 Nigeria: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 31 Nigeria: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 32 Rest of the Middle East & Africa: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 33 Rest of the Middle East & Africa: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 34 Asia-Pacific: Variable Air Volume Market Size, By Country, 2014–2021 (USD Million)
Table 35 Asia-Pacific: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 36 Asia-Pacific: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 37 China: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 39 India: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 40 India: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 41 Japan: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 42 Japan: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 43 South Korea: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 44 South Korea: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 45 Indonesia: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 46 Indonesia: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 47 Rest of Asia-Pacific: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 48 Rest of Asia-Pacific: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 49 Europe: Variable Air Volume Market Size, By Country, 2014–2021 (USD Million)
Table 50 Germany: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 51 Germany: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 52 U.K.: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 53 U.K.: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 54 France: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 55 France: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 56 Rest of Western Europe: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 57 Rest of Western Europe: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 58 Central & Eastern Europe: Variable Air Volume Market Size, By Country, 2014-2021 (USD Million)
Table 59 Turkey: Variable Air Volume Market Size, By Type, 2014-2021 (USD Million)
Table 60 Turkey: Variable Air Volume Market Size, By Application, 2014-2021 (USD Million)
Table 61 Russia: Variable Air Volume Market Size, By Type, 2014-2021 (USD Million)
Table 62 Russia: Variable Air Volume Market Size, By Application, 2014-2021 (USD Million)
Table 63 Rest of Central & Eastern Europe: Variable Air Volume Market Size, By Type, 2014-2021 (USD Million)
Table 64 Rest of Central & Eastern Europe: Variable Air Volume Market Size, By Application, 2014-2021 (USD Million)
Table 66 South America: Variable Air Volume Market Size, By Type, 2014-2021 (USD Million)
Table 67 South America: Variable Air Volume Market Size, By Application, 2014-2021 (USD Million)
Table 68 Brazil: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 69 Brazil: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 70 Argentina: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 71 Argentina: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 72 Rest of South America: Variable Air Volume Market Size, By Type, 2014–2021 (USD Million)
Table 73 Rest of South America: Variable Air Volume Market Size, By Application, 2014–2021 (USD Million)
Table 74 New Product Launches, 2012-2016
Table 75 Expansions, 2012–2016
 
 
List of Figures (58 Figures)
 
Figure 1 Variable Air Volume: Market Segmentation
Figure 2 Years Considered for the Study
Figure 3 Variable Air Volume Market: Research Design
Figure 5 Key Data From Primary Sources
Figure 8 Market Size Estimation: Top-Down Approach
Figure 9 Market Size Estimation: Bottom-Up Approach
Figure 10 Data Triangulation
Figure 11 Research Assumptions
Figure 12 Single Duct VAV to Dominate the Variable Air Volume Market, 2016–2021, (USD Billion)
Figure 13 Commercial Buildings to Dominate the Variable Air Volume Market, 2016–2021
Figure 14 North America Accounted for the Largest Share of Variable Air Volume Market, 2015
Figure 15 Moderate Growth in the Variable Air Volume Market, Between 2016 and 2021
Figure 16 Single Duct Variable Air Volume System to Be the Fastest-Growing Segment Between 2016 and 2021
Figure 17 Commercial Buildings Accounted for the Largest Share of Asia-Pacific Market, 2015
Figure 19 India to Emerge as A Lucrative Market Between 2016 and 2021
Figure 20 Variable Air Volume Market in Asia-Pacific to Witness High Growth
Figure 21 Variable Air Volume Market, By Region
Figure 22 Drivers, Restraints, Opportunities, and Challenges in the Variable Air Volume Market
Figure 23 Supply Chain Analysis of the Variable Air Volume Market
Figure 24 Porter’s Five Forces Analysis
Figure 25 Trends and Forecast of GDP at Country Level, USD Billion (2015)
Figure 26 Contribution of Manufacturing Sector in GDP and Growth (USD Billion)
Figure 27 Induction VAV Systems are the Most Researched Type of VAV Systems, 2011–2016
Figure 30 Single Duct VAV Systems to Dominate Variable Air Volume Market, Between 2016 and 2021
Figure 31 North America to Be Largest Market of Single Duct VAV Systems, Between 2016 and 2021
Figure 32 North America to Be Largest Market for Dual Duct Variable Air Volume Systems, Between 2016 and 2021
Figure 33 North America to Be Largest Market for Induction VAV Systems, Between 2016 and 2021
Figure 34 North America to Be Largest Market for Fan Powered VAV System, Between 2016 and 2021
Figure 35 Commercial Buildings Overall Variable Air Volume Market in 2015
Figure 36 North America to Be the Largest Market for Residential Buildings Application in Variable Air Volume Market
Figure 37 Asia-Pacific to Be the Fastest-Growing Market for Commercial Buildings Application in Variable Air Volume Market
Figure 38 Asia-Pacific to Be the Fastest-Growing Market for Industrial Buildings Application in Variable Air Volume Market
Figure 39 Regional Snapshot: India to Emerge as A New Hotspot in the Region
Figure 40 North America Market Snapshot: U.S. is the Largest and Mexico is the Fastest-Growing Market, 2016–2021
Figure 41 Middle East & Africa Market Snapshot: UAE to Be the Largest and the Fastest-Growing Market, 2016–2021
Figure 42 Asia-Pacific Market Snapshot: China is the Largest and India is the Fastest-Growing Market, 2016–2021
Figure 43 Europe Market Snapshot: U.K. to Be the Largest Market, 2016–2021
Figure 44 South America Market Snapshot: Brazil to Be the Largest and Fastest-Growing Market, 2016–2021
Figure 45 Companies Adopted New Product Launch as Key Growth Strategy, 2011–2016
Figure 46 Variable Air Volume Market Share Analysis
Figure 47 Key Growth Strategies in Variable Air Volume Market, 2012–2016
Figure 48 United Technologies Corporation: Company Snapshot
Figure 49 United Technologies Corporation: SWOT Analysis
Figure 50 Honeywell International Inc.: Company Snapshot
Figure 51 Honeywell International Inc.: SWOT Analysis
Figure 52 Johnson Controls: Company Snapshot
Figure 53 Johnson Controls: SWOT Analysis
Figure 54 Emerson Electric Co.: Company Snapshot
Figure 55 Emerson Electric Co. : SWOT Analysis
Figure 56 Ingersoll Rand: Company Snapshot
Figure 57 Ingersoll Rand: SWOT Analysis
Figure 58 Daikin Industries Ltd.: Company Snapshot

The global Variable Air Volume (VAV) systems market, in terms of value, is projected to reach USD 13.44 Billion by 2021, at a CAGR of 6.56% from 2016 to 2021. High demand for VAV systems which are used in HVAC systems, in the emerging economies of the Asia-Pacific region and the Middle East & Africa, and expansions and new product development activities undertaken by different companies, are the key factors driving the growth of the global VAV systems market.

The single duct VAV system is projected to be the fastest-growing segment of the global VAV systems market, in terms of type. This growth is mainly due to the increasing use of single duct systems in various areas such as conference rooms, private offices, music studios, concert halls, classrooms and others. The various advancements in single duct VAV systems provide many options such as reheating of the air, exhaust and silencer options which have increased their usage.

Commercial buildings are the largest application of the VAV systems market. VAV systems are used widely for all kinds of commercial buildings, including towers, skyscrapers, auditoriums, office buildings, mega structures, convention centers, shopping malls, supermarkets, warehouses, hotels, restaurants, and others. Due to increasing population and increasing business opportunities, there is a growing need for commercial infrastructures.

The Asia-Pacific region is leading the global VAV systems market and this trend is expected to continue till 2021. Countries in this region such as China, India, Japan, South Korea and Indonesia are witnessing a significant increase in the use of VAV systems for HVAC systems in commercial buildings. Globally, China is projected to be the fastest-growing market from 2016 to 2021.

Variable Air Volume Systems Market

Though the global VAV systems market is gaining importance at a fast pace, a few factors are hampering its growth. High price and high installation cost is a major restraint in the growth of the global VAV systems market. Also, the lower awareness about VAV systems in emerging economies acts as a challenge for this market.

Companies such as United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Ingersoll Rand Inc. (Ireland), Johnson Controls (U.S.) and Emerson Electric Co. (U.S.) are the leading market participants in the global VAV systems market. These companies have been adopting various organic growth strategies such as expansions, and new product launches to enhance their market share in VAV systems.

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