Variable Air Volume System Market- Industry Analysis and Forecast (2022-2027) by Type, Application and Region

Variable Air Volume System Market size was valued at US$ 13.12 Bn. in 2021 and the total revenue is expected to grow at 8.72% through 2022 to 2027, reaching nearly US$ 21.67 Bn.

Variable Air Volume System Market Overview:

Residential segment require ventilation to remove stale air and replace it with fresh air. VAV or Variable Air Volume system provide more precise temperature control than CAV structures and require lower fan speeds, allowing them to use less energy and produce less noise. Air is delivered to locations in the building via ductwork by VAV structures air handling devices. The delivery waft is adjusted to control the temperature of the locations. A VAV system, or variable air volume system is a form of heating, ventilation, and/or air-conditioning (HVAC) system. The fundamental benefit of variable air volume (VAV) systems is that they provide more precise temperature control, use less energy, reduce compressor wear and tear, and produce less fan noise. It also acts as a passive dehumidifier. Variable Air Volume System Market To know about the Research Methodology :- Request Free Sample Report

Variable Air Volume System Market Dynamics:

Variable air volume systems are energy-efficient and capable of cooling and heating modern buildings. As the indoor air quality improves, people are preferring the variable air volume (VAV) system over the constant air volume (CAV) system to provide a better level of precision for maintaining a building's temperature in multiple zones. Low power usage, reduced fan noise, and improved precision are some of the benefits of the variable air volume (VAV) system. An introduction of the innovative products is expected to boost market growth. Driving Factors: An increase in demand for variable air volume (VAV) systems in commercial constructions and buildings is the key driving reason for the market's growth. Increased applications of variable air volume (VAV) systems across various end use sectors like retail, office, hotel, and warehousing are boosting the demand of the variable air volume (VAV) systems market. It has grown increasingly popular in comparison to traditional HVAC systems because of a variety of advantages like low power consumption, reduced fan noise, and improved precision. The growth rate of the Variable Air Volume (VAV) System Market is driven by rapid industrialization and the expansion of various end-user verticals, mainly in developing economies. The Variable Air Volume (VAV) System Market is expected to be further carved out by growth in the application of elastomers and polymers, as well as an increased focus on energy consumption. Stringent restrictions in several nations are addressing sustainability and energy usage. High investments in the development of infrastructure projects across the globe are expected to drive the market growth in the near future. The demand for single-zone variable air volume systems is expected to gain pace. These systems are more energy efficient, quieter, and provide superior dehumidification. Variable Air Volume (VAV) Systems are compact in design, making them easy to install and manage. High demand for centralized cooling systems in public spaces like auditoriums, theatres, hotels, restaurants, malls, and supermarkets is driving market sales of the variable air volume (VAV) System products. Restraining Factors: The high costs of implementing this technology is expected to constitute a significant barrier to the growth of the Variable Air Volume (VAV) System Market. The growth rate of the Variable Air Volume (VAV) System Market is expected to be slow during the forecast period by changes in raw material prices. Furthermore, the availability of alternative technologies are expected to limit Variable Air Volume (VAV) System Market. The lack of expert professionals in developing nations would further limit the growth rate of the Variable Air Volume (VAV) System Market. Recent Trends: • The current trend revolves around the needs of the occupants. Radiant cooling systems are being deployed to help decrease energy use and increase thermal comfort. And by managing the VAV system through an occupant survey, this thermal comfort may be directly identified. • The Dedicated Outdoor Air System (DOAS) is a new type of VAV system technology in which the air flow generated by the fan system is now restricted to ventilation components. As a result, the quantity of energy required to deliver heating and cooling could be lowered significantly, although pump energy may increase. As a result, this technology can be used in buildings with low cooling requirements. • Another technology that offers a highly methodical way to cool an indoor space without raising humidity is indirect evaporative cooling. Engineers are using this technology in green buildings since it may improve indoor climate and reduce energy usage dramatically.

Variable Air Volume System Market Segment Analysis:

Based on Type, The Variable Air Volume System Market is segmented into single-duct vav, dual-duct vav, induction vav and fan-powered vav on the basis of type. The single-duct VAV systems segment holds a large share in the variable air volume system market because of the high usage of single-zone constant volume systems in larger air-handling units and large, packaged rooftop equipment. the single VAV system uses the temperature sensor in the zone based on the cooling or heating capacity to keep the supply-air temperature at the appropriate setpoint. Variable-speed fans and cooling/heating that can be staged or modulated to adjust discharge air temperature are available on single VAV systems. The single-zone VAV is commonly used in gymnasiums, cafeterias, lecture halls, auditoriums, big conference rooms, churches, and arenas for larger, heavily filled zones. High demand for industrial buildings applications, mainly in countries such as China, India, and Southeast Asia are increasing the adoption of variable air volume system. Based on Application, The Variable Air Volume System Market is segmented into Commercial building, Industrial building and Residential building on the basis of application. The need for variable air volume (VAV) systems in the hospitality, retail, office, and warehouse sectors is driving growth in the commercial buildings category. As a result, international investors are establishing operations across the developed and developing countries are expected to increase the installation of variable air volume (VAV) systems in commercial buildings.Variable Air Volume System Market

Variable Air Volume System Market Regional Insights:

The Variable Air Volume System Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America on the basis of region. According to the analysis, Asia Pacific region is projected to be leading region in the global variable air volume system market. The market growth is driven by increase in disposable income, a consumer shift towards standard of lifestyle, and growing use of variable air volume system in many applications such as commercial buildings, residential structures, and industrial buildings. High awareness about energy consumption reduction, demand for environmental concerns and energy efficiency requirements are expected to drive the market growth in the near future. The variable air volume (VAV) systems are becoming more popular. Single-duct VAV systems are widely used in industrial, residential and commercial sectors across the developing economies. The domestic income and purchasing power are expected to drive the Asia Pacific market growth. The market is expected to hold dominant position because of the rapid industrialization in nations like China, India, and South Korea. The implementation of variable air volume systems is expected to be driven by the increasing creation of commercial projects such as shopping malls, theatres, auditoriums, universities, hospitals, and offices, consequently expanding market growth. The objective of the report is to present a complete picture of global Variable Air Volume System market. Data from past years is compiled to anticipate the future prospects of this market. Porter's five forces help to identify where power lies in a business situation. This is useful both in understanding the strength of an organisation's current competitive position, and the strength of a position that an organisation may look to move into. The report helps in identifying competitive rivalry currently running in the Variable Air Volume System market. It also helps to understand bargaining power of suppliers and consumers. The report also presents PESTLE analysis which helps to gain a macro picture of Variable Air Volume System market. Political factors help to identify the influence of government over Variable Air Volume System market. Economic factors a have direct impact on a company’s long-term prospects in a market. The economic environment may affect how a company dealing in Variable Air Volume System price their products or influence the supply and demand model. Social factors, such as demographics and culture can impact the Variable Air Volume System market by influencing peak buying periods, purchasing habits, and lifestyle choices. Technological factors may have a direct or an indirect influence on an industry. The legal and regulatory environment can affect the policies and procedures of an industry, and can control employment, safety and regulations. Environmental factors include all those relating to the physical environment and to general environmental protection requirements.

Variable Air Volume System Market Scope: Inquiry Before Buying

Variable Air Volume System Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 13.12 Bn.
Forecast Period 2022 to 2027 CAGR: 8.72 % Market Size in 2027: US $ 21.67 Bn.
Segments Covered: by Type • Single-duct VAV • Dual-duct VAV • Induction VAV • Fan-powered VAV
by Application • Commercial building • Industrial building • Residential building

Variable Air Volume System Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Variable Air Volume System Market Key Players

Schneider Electric (France) • Vemco Inc (Denmark) • Trane Inc (Ireland) • Lennox International (US) • Raytheon Technologies Corporation (US) • Systemair AB (Sweden) • KAD AIR CONDITIONING L.L.C. (UAE) • METAL INDUSTRIES, INC. (US) • Oy Halton Group Ltd (Finland) • Dynacraft Air Controls (India) • Advanced Air (UK) • 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) • Barcol Air Ltd (Switzerland) Frequently Asked Questions: 1. What is the CAGR of the Variable Air Volume System Market in the forecast period (2022-27)? Ans. Variable Air Volume System Market revenue is expected to grow at 8.72% through 2022 to 2027 2. Who are the key players in the Variable Air Volume System Market? Ans. Schneider Electric (France), Vemco Inc (Denmark), Trane Inc (Ireland), Lennox International (US), Raytheon Technologies Corporation (US), Systemair AB (Sweden), KAD AIR CONDITIONING L.L.C. (UAE), METAL INDUSTRIES, INC. (US), Oy Halton Group Ltd (Finland), Dynacraft Air Controls (India), Advanced Air (UK), 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) are the key players in Variable Air Volume System Market. 3. Which product type is dominating the Variable Air Volume System Market? Ans. Single-duct VAV are dominating the Variable Air Volume System Market. 4. What segments are covered in the Variable Air Volume System Market report? Ans. The segments covered in Variable Air Volume System Market report are based on type, application and region. 5. What is the forecast period for the Variable Air Volume System Market? Ans. The forecast period for the Variable Air Volume System Market is 2022-2027.
1. Variable Air Volume System Market: Research Methodology 2. Variable Air Volume System Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Variable Air Volume System Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Variable Air Volume System Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Variable Air Volume System Market Segmentation 4.1. Variable Air Volume System Market, by Type (2021-2027) • Single-duct VAV • Dual-duct VAV • Induction VAV • Fan-powered VAV 4.2. Variable Air Volume System Market, by Application (2021-2027) • Commercial building • Industrial building • Residential building 5. North America Variable Air Volume System Market (2021-2027) 5.1. North America Variable Air Volume System Market, by Type (2021-2027) • Single-duct VAV • Dual-duct VAV • Induction VAV • Fan-powered VAV 5.2. North America Variable Air Volume System Market, by Application (2021-2027) • Commercial building • Industrial building • Residential building 5.3. North America Variable Air Volume System Market, by Country (2021-2027) • US • Canada • Mexico 6. European Variable Air Volume System Market (2021-2027) 6.1. European Variable Air Volume System Market, by Type (2021-2027) 6.2. European Variable Air Volume System Market, by Application (2021-2027) 6.3. European Variable Air Volume System Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Variable Air Volume System Market (2021-2027) 7.1. Asia Pacific Variable Air Volume System Market, by Type (2021-2027) 7.2. Asia Pacific Variable Air Volume System Market, by Application (2021-2027) 7.3. Asia Pacific Variable Air Volume System Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Variable Air Volume System Market (2021-2027) 8.1. Middle East and Africa Variable Air Volume System Market, by Type (2021-2027) 8.2. Middle East and Africa Variable Air Volume System Market, by Application (2021-2027) 8.3. Middle East and Africa Variable Air Volume System Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Variable Air Volume System Market (2021-2027) 9.1. South America Variable Air Volume System Market, by Type (2021-2027) 9.2. South America Variable Air Volume System Market, by Application (2021-2027) 9.3. South America Variable Air Volume System Market, by Country (2021-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Schneider Electric (France) 10.1.1. Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Vemco Inc (Denmark) 10.3. Trane Inc (Ireland) 10.4. Lennox International (US) 10.5. Raytheon Technologies Corporation (US) 10.6. Systemair AB (Sweden) 10.7. KAD AIR CONDITIONING L.L.C. (UAE) 10.8. METAL INDUSTRIES, INC. (US) 10.9. Oy Halton Group Ltd (Finland) 10.10. Dynacraft Air Controls (India) 10.11. Advanced Air (UK) 10.12. Ingersoll Rand (Ireland) 10.13. Honeywell International Ltd (US) 10.14. United Technologies Corporation (US) 10.15. Daikin Industries Ltd. (Japan) 10.16. Johnson Controls (US) 10.17. Siemens (Germany) 10.18. Emerson Electric Co (US) 10.19. TROX (Germany) 10.20. DAIKIN INDUSTRIES, Ltd. (Japan) 10.21. KMC Controls (US) 10.22. Barcol Air Ltd (Switzerland)

About This Report

Report ID 146726
Category Material & Chemical
Published Date May 2022
Updated Date
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