The report "Variable Air Volume Box Market by type(Single-Duct VAV, Dual-Duct VAV, Induction VAV, Fan-Powered VAV(Series Powered, Parallel Powered)), Application(Residential Building, Industrial Building, Commercial Building), and Region - Global Forecast to 2024", is projected to grow from USD 4.7 billion in 2019 to USD 6.4 billion by 2024, at a CAGR of 6.3% during the forecast period. The growing construction industry, especially commercial and industrial construction, in these countries due to rapid economic development is expected to lead to high demand for VAV systems which in turn will contribute to the demand of VAV box market. Furthermore, the increasing need for energy conservation in buildings from the commercial and industrial sector will escalate the demand for energy-efficient and cost-effective heating and cooling solutions, which is another driving factor for the market.
Browse 77 market data Tables and 47 Figures spread through 132 Pages and in-depth TOC on "Variable Air Volume Box Market by type(Single-Duct VAV, Dual-Duct VAV, Induction VAV, Fan-Powered VAV(Series Powered, Parallel Powered)), Application(Residential Building, Industrial Building, Commercial Building), and Region - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/variable-air-volume-box-market-73066784.html
Single-Duct VAV segment is estimated to dominate the overall VAV box market.
Single-duct VAV was the largest as well as the fastest-growing segment of the VAV box market. The use and higher preference of single-duct VAV systems in commercial buildings, including offices, retail outlets, hotels, hospitals, and others, is expected to drive the market during the forecast period. Furthermore, the increasing preference for compact offices has boosted the demand for low-profile configuration single-duct VAV.
Commercial building is projected to be the fastest-growing application of VAV box during the forecast period.
Commercial building is projected to be the fastest-growing application of VAV box during the forecast period. The usage VAV box with a VAV system ensure the energy efficiency of the overall system. VAV systems are used in almost every commercial buildings, including mega structures, conventions centers, shopping malls, and others. Offices, hospitality, warehouse, and retail are the major users of VAV systems in the commercial building segment. Thus, the expected growth of these sectors within commercial building will drive the VAV box market during the forecast period.
North America is estimated to be the largest VAV box market during the forecast period.
North America is projected to be the largest VAV box market during the forecast period. Increasing construction spending in private and public sectors across the North American region is expected to boost the demand for HVAC systems, thus driving the market for VAV box. The major private and public sectors which are witnessing growth in construction activities are residential building, offices, production facilities, and others. The presence of major VAV system manufacturers such as United Technologies Corporation (US), Johnson Controls (US), and Honeywell International Ltd. (US) is also expected to drive the VAV box market in the region
Ingersoll Rand PLC (Ireland), Johnson Controls (US), TROX GmbH (Germany), Spectrum Industries (India), United Technologies Corporation (US), Honeywell International Inc. (US), Daikin Industries, Ltd. (Japan), Siemens AG (Germany), Systemair AB (Sweden), Barcol-Air (Switzerland) are the major players in the VAV box market.
Don’t miss out on business opportunities in Variable Air Volume Box Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441