Variable Air Volume Systems Market Size, Share & Industry Analysis, By Type (Single Duct VAV Systems, Dual Duct VAV Systems Induction Powered VAV Systems), By Application (Air Filter, Heating & Cooling Coil, Fan (Inlet & Outlet), Diffuser, Radiator, ThermostatOthers (Sensors & Inductors)), By End-use Vertical (Residential, Industrial, CommercialOthers)Others and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Variable Air Volume (VAV) systems are a type of HVAC (Heating, Ventilation, & Air-Conditioning) systems. VAV’s were developed as CAV (Constant Air Volume) systems needs high airflow rates and increased volume of energy for cooling & heating, hence increased utility costs. VAV systems supplies conditioned variable air flow, varying as per the heat gain or loss in different zones, providing a constant temperature through different zones. VAV’s are more energy efficient and meet the varying cooling and heating requirements in zones of various buildings, for which, a zone can be single room or group of rooms with the same heat loss & heat gain characteristics.
Key Market Driver -
• Demand for reduction in energy consumption • Demand for uniform cooling of different zones & air distribution control
Key Market Restraint -
• High product cost & high initial cost of installation
Single duct VAV systems are most widely used when compared to its other types as it has lower energy use, less fan-generated noise at reduced speeds, and better dehumidification at part load. Moreover, VAV systems are very efficient as they save up to 30 percent energy costs when compared to conventional duct cooling systems. Furthermore, the design of a central air handling unit & duct size is smaller, making it a compact and easy to handle systems. The major driver for the VAV systems market is the growth in the commercial buildings such as auditoriums, towers, mega structures, skyscrapers, office buildings, hotels, restaurants, hotels, ware houses & others. Additionally, increasing business opportunities for VAVs are being created with increasing demand for open central spaces with different zones such as malls & super markets, etc.
Key Players in the Industry:
Key players operating in the Global Variable Air Volume Systems Market are Honeywell International Inc., Carrier Corporation, Johnson Controls, Warren Technologies, Emerson Electric Co., Siemens, TROX GmbH, Swegon Group AB, Triton Process Automation Pvt. Ltd. & Trane.
Regional Analysis:
Asia Pacific is the largest market for the VAV systems owing to the increasing infrastructural development in countries such as Japan, China & India. The region is witnessing highest growth rate for the market attributed to rapid economic expansion. Furthermore, the region is expected to have the largest market share and the highest growth rate for VAV systems.
To gain extensive insights into the market, Request for Customization
TheEuropean market is expected to have substantial growth of the VAV market owing to new construction projects and renovation of older projects such as churches, malls, old architectural projects & other public buildings.
Segmentation
ATTRIBUTE | DETAILS |
By Type |
|
By End-use Vertical |
|
By Application |
|
By Geography |
|
Key Industry Development
- June 2019: Cylon Controls, solution provider of smart buildings and energy efficiency technology announces the release of new BACnet IP-based building controllers and mobile applications for HVAC energy management
- June 2019: Silicon Microstructures Inc., a semiconductor sensor company developing and manufacturing MEMS based pressure sensors, introduces Ultra-Low Gauge Pressure Sensor with Industry Leading Accuracy
- Ongoing
- 2023
- 2019-2022
Personalize this Research
- Granular Research on Specified Regions or Segments
- Companies Profiled based on User Requirement
- Broader Insights Pertaining to a Specific Segment or Region
- Breaking Down Competitive Landscape as per Your Requirement
- Other Specific Requirement on Customization
Machinery & Equipment Clients
