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Variable Air Volume (VAV) Systems Market by Type (Single-duct VAV, Dual-duct VAV, Induction VAV, Fan-powered VAV), Application (Commercial building, Industrial building, Residential building), and Region - Global Forecast to 2024

Variable Air Volume (VAV) Systems Market by Type (Single-duct VAV, Dual-duct VAV, Induction VAV, Fan-powered VAV), Application (Commercial building, Industrial building, Residential building), and Region - Global Forecast to 2024

“Increasing demand from commercial buildings and industrial buildings to drive the overall growth of variable air volume (VAV) systems market”
The variable air volume (VAV) systems market size is expected to grow from USD 11.8 billion in 2019 to USD 16.0 billion by 2024, at a CAGR of 6.3% during the forecast period. The variable air volume (VAV) systems market is driven by various factors, such as high demand from commercial buildings and industrial buildings. The growth of these industries is anticipated to further propel the growth of the market over the forecast period. However, fluctuating raw material prices are likely to hinder the growth of the market.

Single-dut VAV systems to drive the global market during the forecast period
The variable air volume (VAV) systems market has been segmented based on types as single-duct, dual-duct, fan-powered, and induction based. Among these types, the single-duct segment accounted for the largest share of the market in 2018 and is likely to witness significant growth over the forecast period. The growth of single-duct VAV systems is also spurred by the growth of the building & construction industry, especially in APAC. Increasing population, growing urbanization, and shift of manufacturing facilities from North America and Europe to APAC have fueled the growth of building & construction and infrastructure activities. All such attributes are expected to drive the consumption of single-dut VAV systems.

Commercial buildings segment expected to hold the largest market share during the forecast period
Commercial buildings segment expected to hold the largest market share during the forecast period. Commercial buildings application is growing rapidly owing to the rising demand for variable air volume (VAV) systems in the hospitality sector, retail sector, offices, and warehouses. The increasing infrastructure spending is also expected to boost the installations of VAV systems.

North America is expected to record the highest growth rate during the forecast period
North America is expected to have the highest growth rate during the forecast period, due to the increasing usage of VAV systems in various end-use applications such as commercial, residential, and industrial buildings. US, Mexico, and Canada provide enormous opportunities for the Variable air volume (VAV) systems market due to the presence of a large manufacturing sector. On the other hand, Middle East and Africa are projected to hold the second-largest market size during the forecast period.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the variable air volume (VAV) systems marketplace.

By Company Type - Tier 1: 35%, Tier: 45%, and Tier 3: 20%
By Designation - C Level: 35%, Managers: 25%, Others : 40%
By Region – North America: 45%, Europe: 20%, APAC: 30%, RoW: 5%

The variable air volume (VAV) systems market comprises major solution providers, such as Ingersoll Rand (Ireland), Honeywell International Ltd (US), United Technologies Corporation (US), Daikin Industries Ltd. (Japan), Johnson Controls (US), Siemens (Germany), Emerson Electric Co. (US), TROX (Germany), DAIKIN INDUSTRIES, Ltd., (Japan), KMC Controls (US), and Barcol Air Ltd. (Switzerland). The study includes an in-depth competitive analysis of these key players in the variable air volume (VAV) systems market, with their company profiles, recent developments, and key market strategies.

Research Coverage:
The report covers the Variable air volume (VAV) systems market based on type, application, and region. This study aims at estimating the size and future growth potential of the market across various segmentation types. It also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall variable air volume (VAV) systems market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • VAV SYSTEMS MARKET: REGIONS COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
      • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE VAV SYSTEM MARKET
    • VAV SYSTEM MARKET, BY TYPE
    • VAV SYSTEM MARKET, BY APPLICATION AND REGION
    • VAV SYSTEM MARKET: MAJOR COUNTRIES
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
      • PORTER'S FIVE FORCES ANALYSIS
      • MACROECONOMIC INDICATORS
        • Table TRENDS AND FORECAST OF GDP AT COUNTRY LEVEL, USD BILLION (2018–2024)
        • Table COUNTRIES ENGAGING IN MORE THAN 60% GREEN PROJECTS (2018 AND 2021)
      • SUPPLY CHAIN ANALYSIS
      • SALES CHANNEL AND COMPONENT DEFINITION
      • COMPONENT COST BREAKUP
      • NEW CONSTRUCTION VS RETROFIT
  • VAV SYSTEM MARKET, BY TYPE
    • INTRODUCTION
      • Table VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
    • SINGLE-DUCT VAV SYSTEM
      • THE USE OF SINGLE-DUCT VAV SYSTEM ENSURES REDUCED ENERGY CONSUMPTION, THEREBY CONTRIBUTING TO THE GLOBAL NEED FOR ENERGY EFFICIENCY
        • Table SINGLE-DUCT VAV SYSTEM MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • DUAL-DUCT VAV SYSTEM
      • DUAL-DUCT VAV SYSTEM IS IDEAL FOR ALTERNATIVE VENTILATION AND HUMIDITY CONTROL
        • Table DUAL-DUCT VAV SYSTEM MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • INDUCTION VAV SYSTEM
      • ONE OF THE MOST IMPORTANT ADVANTAGES OF THIS VAV SYSTEM IS THAT IT REQUIRES LOW MAINTENANCE
        • Table INDUCTION VAV SYSTEM MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • FAN-POWERED VAV SYSTEM
      • FAN-POWERED SERIES VAV SYSTEM
      • PARALLEL FAN-POWERED VAV SYSTEM
        • Table FAN-POWERED VAV SYSTEM MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
  • VAV SYSTEM MARKET, BY APPLICATION
    • INTRODUCTION
      • Table VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
    • COMMERCIAL BUILDING
      • Table VAV SYSTEM MARKET IN COMMERCIAL BUILDING APPLICATION, 2017–2024 (USD MILLION)
      • OFFICES
      • WAREHOUSE
      • HOSPITALITY
      • RETAIL
      • OTHERS
        • Table VAV SYSTEM MARKET SIZE IN COMMERCIAL BUILDING APPLICATION, BY REGION, 2017–2024 (USD MILLION)
    • INDUSTRIAL BUILDINGS
      • THE ENERGY-EFFICIENT AND COST-EFFECTIVE NATURE OF THE VAV SYSTEM IS USEFUL IN INDUSTRIAL BUILDINGS
        • Table VAV SYSTEM MARKET SIZE IN INDUSTRIAL BUILDING APPLICATION, BY REGION, 2017–2024 (USD MILLION
    • RESIDENTIAL BUILDING
      • MEA IS A PROMISING MARKET IN THE RESIDENTIAL BUILDING SEGMENT
        • Table VAV SYSTEM MARKET SIZE IN RESIDENTIAL BUILDING APPLICATION, BY REGION, 2017–2024 (USD MILLION)
  • VAV SYSTEM MARKET, BY REGION
    • INTRODUCTION
      • Table VAV SYSTEM MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
      • Table VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • Table VAV SYSTEM MARKET SIZE, BY FAN-POWERED TYPE, 2017–2024 (USD MILLION)
      • Table VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • Table VAV SYSTEM MARKET SIZE IN COMMERCIAL BUILDING APPLICATION, 2017–2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: VAV SYSTEM MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: VAV SYSTEM MARKET SIZE, BY FAN-POWERED TYPE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: VAV SYSTEM MARKET SIZE IN COMMERCIAL BUILDING APPLICATION, 2017–2024 (USD MILLION)
      • US
        • Table US: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table US: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • CANADA
        • Table CANADA: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table CANADA: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • MEXICO
        • Table MEXICO: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table MEXICO: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
    • MIDDLE EAST & AFRICA (MEA)
      • Table MEA: VAV SYSTEM MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table MEA: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • Table MEA: VAV SYSTEM MARKET SIZE, BY FAN-POWERED TYPE, 2017–2024 (USD MILLION)
      • Table MEA: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • Table MEA: VAV SYSTEM MARKET SIZE IN COMMERCIAL BUILDINGS APPLICATION, 2017–2024 (USD MILLION)
      • UAE
        • Table UAE: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table UAE: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table SAUDI ARABIA: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • NIGERIA
        • Table NIGERIA: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table NIGERIA: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • REST OF MEA
        • Table REST OF MEA: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table REST OF MEA: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
    • APAC
      • Table APAC: VAV SYSTEM MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table APAC: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • Table APAC: VAV SYSTEM MARKET SIZE, BY FAN-POWERED TYPE, 2017–2024 (USD MILLION)
      • Table APAC: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • Table APAC: VAV SYSTEM MARKET SIZE IN COMMERCIAL BUILDING APPLICATION, 2017–2024 (USD MILLION)
      • CHINA
        • Table CHINA: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table CHINA: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • INDIA
        • Table INDIA: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table INDIA: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • JAPAN
        • Table JAPAN: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table JAPAN: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table SOUTH KOREA: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • INDONESIA
        • Table INDONESIA: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table INDONESIA: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • REST OF APAC
        • Table REST OF APAC: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table REST OF APAC: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: VAV SYSTEM MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table SOUTH AMERICA: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • Table SOUTH AMERICA: VAV SYSTEM MARKET SIZE, BY FAN-POWERED TYPE, 2017–2024 (USD MILLION)
      • Table SOUTH AMERICA: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • Table SOUTH AMERICA: VAV SYSTEM MARKET SIZE IN COMMERCIAL BUILDING APPLICATION, 2017–2024 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table BRAZIL: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table ARGENTINA: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table REST OF SOUTH AMERICA: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
    • EUROPE
      • Table EUROPE: VAV SYSTEM MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table EUROPE: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • Table EUROPE: VAV SYSTEM MARKET SIZE, BY FAN-POWERED TYPE, 2017–2024 (USD MILLION)
      • Table EUROPE: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • Table EUROPE: VAV SYSTEM MARKET SIZE IN COMMERCIAL BUILDING APPLICATION, 2017–2024 (USD MILLION)
      • WESTERN EUROPE
        • Table GERMANY: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table GERMANY: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table UK: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table UK: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table FRANCE: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table FRANCE: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table REST OF WESTERN EUROPE: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table REST OF WESTERN EUROPE: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
      • CENTRAL & EASTERN EUROPE
        • Table RUSSIA: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table RUSSIA: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table TURKEY: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table TURKEY: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table REST OF CENTRAL & EASTERN EUROPE: VAV SYSTEM MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
        • Table REST OF CENTRAL & EASTERN EUROPE: VAV SYSTEM MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS
    • COMPETITIVE SCENARIO
      • EXPANSION
        • Table EXPANSION, 2014–2019
      • ACQUISITION
        • Table ACQUISITION, 2014–2019
      • AGREEMENT & JOINT VENTURE
        • Table AGREEMENT & JOINT VENTURE, 2014–2019
      • NEW PRODUCT LAUNCH
        • Table NEW PRODUCT LAUNCH, 2014–2019
  • COMPANY PROFILES
    • JOHNSON CONTROLS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • INGERSOLL RAND PLC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DAIKIN INDUSTRIES, LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • UNITED TECHNOLOGIES CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • EMERSON ELECTRIC CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • HONEYWELL INTERNATIONAL INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • SIEMENS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • TROX GMBH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • KMC CONTROLS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BARCOL-AIR
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • OTHER COMPANY PROFILES
      • SCHNEIDER ELECTRIC
      • SYSTEMAIR AB
      • KAD AIRCONDITIONING
      • METAL INDUSTRIES INC.
      • SPECTRUM INDUSTRIES
      • DYNACRAFT AIR CONTROLS
      • HALTON GROUP
      • ADVANCED AIR LIMITED
      • WATERLOO AIR PRODUCTS PLC
      • AIR MASTER EQUIPMENTS EMIRATES L.L.C.
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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