Variable Air Volume (VAV) Systems Market Size, Share, Growth, and Forecast to 2029 | DataMIntelligence

July 21 23:04 2022
Variable Air Volume (VAV) Systems Market Size, Share, Growth, and Forecast to 2029 | DataMIntelligence
DataM Intelligence
Global Variable Air Volume (VAV) Systems Market is expected to grow at a high CAGR of 6.3% during the forecasting period (2022-2029).

Market Overview

Variable air volume systems are the type of heating, ventilating, and/or air-conditioning (HVAC) system. These systems incorporate the one supply duct that when in cooling mode, distributes approximately 55 °F (13 °C) supply air. The variable air volume (VAV) systems provide precise temperature control, reduced compressor wear, lower energy consumption by system fans, less fan noise, and additional passive dehumidification. 

 

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Market Dynamics:

The market is driven by the rising demand for the variable air volume systems in commercial, residential, and industrial buildings as the variable air volume systems are energy-efficient and capable of cooling and heating modern buildings. There is shifting preferences from the constant air volume (CAV) to the variable air volume (VAV) system as it improves the indoor air quality. These systems provide a higher level of precision for keeping the temperature consistent in various zones of a building. The variable air volume (VAV) system provides low power consumption, lesser fan noise, and enhanced precision.

The rise in the launch of novel products shall stimulate market growth. For instance, in August 2016, Ingersoll-Rand plc had launched the two models for Next Generation R-Series compressors i.e. RS30n and RS37n VSD models. These are the streamlined system that maximizes the latest advancements in rotor dynamics coupled with Totally Enclosed, Fan-Cooled (TEFC) high-performance motors.

    In April 2016, Carrier had launched the latest variable air volume (VAV) system i.e. WeatherExpert 48/50LC that is available in the 6-23 ton packaged units for rooftop applications. It is a highly effective and technologically advanced unit to the product range that is equipped with the company’s i-Vu controller helping in the communication between zones and terminals to ensure the efficiency of operations

   However, the high installation costs, lack of familiarity, servicing, and maintenance, and spare parts are hindering the market growth. Moreover, the presence of alternative cooling technologies could harm the market.

 

Market Segmentation

By Product Type

  • Single-Duct VAV System
  • Dual-Duct VAV System
  • Induction VAV System
  • Fan-Powered VAV System

By Application

  • Commercial Buildings
  • Industrial Buildings
  • Residential Buildings
  • Others

 

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Competitive Analysis

The global variable air volume (VAV) Systems market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. The major players are using product development, novel product approvals, market expansion, and product diversification strategies for holding their position in the market.

The companies are entering into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for variable air volume (VAV) systems and their expansion across the globe. For instance, in June 2019, Johnson Controls had raised the investment of 62 million for expanding the manufacturing facilities in the city of Wuxi, eastern China’s Jiangsu Province. This plant would also become the research and development and manufacturing base integrating intelligent building control systems and energy solutions

 

Key Players Covered in the Global Market Report

Ingersoll Rand Plc, Daikin Industries, Ltd., United Technologies Corporation, Emerson Electric Co., Honeywell International Inc., Siemens, and Barcol-Air are the leading market players with significant market share.

The global variable air volume (VAV) systems market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages

 

The Full Report has the below insights.

The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021), and verifiable projections about market size during the forecast period (2022-2029).

Visualize the composition of Global Variable Air Volume (VAV) Systems Market segmentation By Technology, service, By Application, and country, highlighting the key commercial assets and players.

By Product

By Type

By Application

Identify commercial opportunities in the Market by analyzing trends and co-development

deals.

The report also covers data insights on various industry forces such as porter’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis, and pricing analysis.

Excel data sheet with thousands of Market-level 4/5 segmentation data points.

PDF report with the most relevant analysis cogently put together after exhaustive

qualitative interviews and in-depth market study.

Product mapping in excel for the key product of all major market players

The report will provide access to approximately 50+ market data tables, 40+ figures, and

close to 180 pages.

 

Additional Benefits Post Purchase:

Unlimited Analyst support for a period of 1 year.

Any query regarding the scope offered will be addressed within 24- 48 hours.

An excel sheet with market numbers will be provided separately.

 

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