#variable air volume

The global variable air volume (VAV) systems market is estimated to be valued at USD 11.8 billion in 2019 and is projected to reach USD 16.0 billion by 2024, at a CAGR of 6.3% during the same period. The demand for variable air volume (VAV) systems is driven mainly by its growing demand in commercial buildings applications.

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Recent Developments

In June 2019, Johnson Controls expanded its facilities in East China to enlarge its subsidiary, York (Wuxi) Air Conditioning and Refrigeration Co. Ltd. It will help the company to establish its foothold in APAC.

In March 2019, Trox GmbH signed a joint venture with Egyptian air conditioning manufacturer and supplier, Tiba El Manzalawi Group. With this joint venture, Trox aims at serving the Egyptian market as well as other markets in the Middle East and North & East Africa.

In February 2017, Ingersoll Rand announced plans to acquire the business of Thermocold Costruzioni S.r.l., a manufacturer and distributor of heating, ventilating, and air-conditioning (HVAC) systems and solutions.

Key Questions addressed by the report

Which are the future revenue pockets in the variable air volume(VAV) systems market?

Which key developments are expected to have a high impact on the market?

Which products/technologies are expected to overpower the existing technologies?

How the regulatory scenario further is expected to impact the market?

What will be the future product mix in the variable air volume(VAV) systems market?

What are the prime strategies of leaders in the market?

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Key Market Players

The major vendors in the polyurethane dispersion market are, 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).

The report "Variable Air Volume Systems Market by Type (Single Duct VAV, Dual Duct VAV, Induction VAV, and Fan Powered VAV), Application (Residential Buildings, Industrial Buildings, Commercial Buildings) - Global Forecast to 2021", The global Variable Air Volume (VAV) systems market is projected to reach USD 13.44 Billion by 2021, at a CAGR of 6.56% from 2016 to 2021. This growth is expected to be driven by the high demand for HVAC systems and the resulting increasing demand for VAV systems in the Asia-Pacific, South American, and the Middle-Eastern & African regions.

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The Variable Air Volume systems market has very few global players competing for their market shares. These companies are actively investing in various strategies such as new product developments and expansions to increase their market shares. Major players such as United Technologies Corporation (U.S.), Honeywell International, Inc. (U.S.), Ingersoll Rand Inc. (Ireland), Johnson Controls (U.S.), The Emerson Electric Co. (U.S.), and others have adopted various organic developmental strategies.

United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Ingersoll Rand Inc. (Ireland), and Daikin Industries, Ltd. (Japan) are the most active players in the global VAV market. These companies accounted for the highest strategy adoptions amongst other players in the global VAV market from 2012 to 2016.

United Technologies Corporation (U.S.) is the most active player in the VAV market. Carrier Corporation is a part of United Technologies Corporation Climate, Controls & Security a unit of United Technologies Corporation. It accounted for the largest share of all the developmental activities undertaken in the VAV market between 2012 and 2016. As part of its strategy, the company focuses on expanding its VAV business by investing into research & development activities. Carrier introduced the WeatherExpert 48/50LC, which helped the company to increase its customer base. The company is involved in innovation and research of new products.

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Another company that has established a strong foothold in the VAV market is Honeywell International Inc. (U.S.). The company is focused on organic growth strategies and has enhanced its product portfolio new product launches, to meet the growing demand from its potential customers. Honeywell International Inc. mainly focuses on development of innovative products and expanding market reach through strategic alliances and distributor agreements. In the year 2016 the company’s strategy includes driving profitable growth through R&D, technological excellence and optimized manufacturing capability to deliver innovative products that customers value and driving organic growth through expansion of our localized footprint in high growth regions, including China, India, Eastern Europe, the Middle East and Latin America.

The market size for VAV is projected to reach USD 13.44 Billion by 2021, registering a CAGR of 6.56% between 2016 and 2021. Growing demand for VAV from the major end-use industries such as commercial, residential & industrial buildings in emerging economies in developed countries is driving the market.

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New product development is the key strategy adopted by industry players to boost their growth in the VAV market. This strategy accounted for a share of 75.0% of all the growth strategies adopted by the market players, between 2012 and 2016. The market for VAV is fragmented with the presence of different end-use industries using VAV products for ventilation applications. Rising demand for VAV across various emerging economies and new product developments by market players to expand their product portfolio to include innovative products is paving the way to fulfilling the demand from consumers. Besides new product developments, companies are investing in expanding their VAV equipment manufacturing facilities in emerging regions across globe. This expansion strategy accounts for a share of 25.0% of all the developments witnessed between 2012 and 2016.

Major manufacturers such as United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Ingersoll Rand (Ireland), KMC Controls (U.S.), Johnson Controls (U.S.), Emerson Electric Co. (U.S.), Daikin (Japan), KAD Air Conditioning(U.A.E.), Barcol-Air Ltd.(Switzerland) and Bion Safety Controls Pvt. Ltd.(India) among others are profiled in this report. These companies have adopted both organic growth strategies such as expansions and new product launch.

United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Ingersoll Rand Inc. (Ireland), and Daikin Industries, Ltd. (Japan) are the most active players in the global VAV market. These companies accounted for the highest strategy adoptions amongst other players in the global VAV market from 2012 to 2016.

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United Technologies Corporation (U.S.) is the most active player in the VAV market. Carrier Corporation is a part of United Technologies Corporation Climate, Controls & Security a unit of United Technologies Corporation. It accounted for the largest share of all the developmental activities undertaken in the VAV market between 2012 and 2016. As part of its strategy, the company focuses on expanding its VAV business by investing into research & development activities. Carrier introduced the WeatherExpert 48/50LC, which helped the company to increase its customer base. The company is involved in innovation and research of new products.

Another company that has established a strong foothold in the VAV market is Honeywell International Inc. (U.S.). The company is focused on organic growth strategies and has enhanced its product portfolio new product launches, to meet the growing demand from its potential customers. Honeywell International Inc. mainly focuses on development of innovative products and expanding market reach through strategic alliances and distributor agreements. In the year 2016 the company’s strategy includes driving profitable growth through R&D, technological excellence and optimized manufacturing capability to deliver innovative products that customers value and driving organic growth through expansion of our localized footprint in high growth regions, including China, India, Eastern Europe, the Middle East and Latin America.

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