HOME Press Releases Variable Air Volume Systems Market worth 13.44 Billion USD by 2021



Variable Air Volume Systems Market worth 13.44 Billion USD by 2021


The report "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", 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. This growth is expected to be driven by the high demand for HVAC systems and the resulting increasing demand for VAV systems in the Asia-Pacific, South American, and the Middle-Eastern & African regions.

                       Request Sample                        Request Sample

Browse 75 market data tables and 58 figures spread through 142 pages and in-depth TOC on “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”
http://www.marketsandmarkets.com/Market-Reports/variable-air-volume-systems-market-67412024.html
Early buyers will receive 10% customization on reports.

Single Duct VAV System: The most-widely used type variable air volume system

The single duct VAV system is widely used for HVAC systems due to advantages such as lower energy use, better dehumidification at part load, and less fan-generated noise at reduced speeds. These systems are commonly used in densely populated and large areas such as gymnasiums, cafeterias, lecture halls, auditoriums, large meeting rooms, churches, and arenas. They are available in the form of large air-handling units and rooftop units.  With the increasing need for energy efficiency, the single duct VAV systems are being adapted for use in smaller areas such as classrooms, retail stores, dormitories, and offices.

Commercial buildings: The largest application of variable air volume systems

Commercial buildings are the largest application of the VAV systems. 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. Increasing population and increasing business opportunities have created a rising need for commercial infrastructures, requiring the application of VAV systems, which is driving the global variable air volume systems market.

Asia-Pacific: The largest market for variable air volume systems

The Asia-Pacific region leads the global Variable Air Volume systems market and the 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. This region is undergoing rapid economic expansion and therefore growing at the highest rate. Globally, China is projected to be the fastest-growing market from 2016 to 2021.

The VAV systems market has very few global players competing for their market shares. These companies are actively investing in various strategies such as new product developments and expansions to increase their market shares. Major players such as United Technologies Corporation (U.S.), Honeywell International, Inc. (U.S.), Ingersoll Rand Inc. (Ireland), Johnson Controls (U.S.), The Emerson Electric Co. (U.S.), and others have adopted various organic developmental strategies.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports