#vav box

The global VAV BOX market size is estimated at USD 4.7 billion in 2019 and is projected to reach USD 6.4 billion by 2024, at a CAGR of 6.3%, between 2019 and 2024.

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The growing need for energy efficient and cost effective systems in commercial and industrial buildings has led to the demand for VAV systems and VAV box. The development of the global construction industry is also expected to affect the HVAC market which in turn will accelerate the demand of VAV systems and VAV box.  

Further, other benefits of VAV box such as its availability in different variants as per the requirements of temperature, pressure, and space makes it highly preferred and ideal to be used in commercial spaces

Based on type, the VAV box market is segmented into Single-Duct VAV, Dual-Duct VAV, Induction VAV and Fan-Powered VAV. Single-Duct VAV is expected to be the largest as well as the fastest-growing type of the VAV box market. Single duct VAV box or terminal units are used to maintain the zone temperature by controlling the volumetric flow of the supply air.

Single duct VAVs are ideal for use in cooling only zones with no heating requirement during occupied hours. The huge consumption of single duct VAV in commercial space, including offices, malls, and conference rooms, is expected to drive its demand during the forecast period.

Commercial building is projected to be the fastest-growing application of VAV box during the forecast period.

Commercial building is projected to be the fastest-growing application of VAV box during the forecast period. The usage VAV box with a VAV system ensure the energy efficiency of the overall system. VAV systems are used in almost every commercial building, including mega structures, conventions centers, shopping malls, and others. Offices, hospitality, warehouse, and retail are the major users of VAV systems in the commercial building segment. Thus, the expected growth of these sectors within commercial building will drive the VAV box market during the forecast period.

North America is estimated to be the largest VAV box market during the forecast period.

North America is projected to be the largest VAV box market during the forecast period. Increasing construction spending in private and public sectors across the North American region is expected to boost the demand for HVAC systems, thus driving the market for VAV box. The major private and public sectors which are witnessing growth in construction activities are residential building, offices, production facilities, and others. The presence of major VAV system manufacturers such as United Technologies Corporation (US), Johnson Controls (US), and Honeywell International Ltd. (US) is also expected to drive the VAV box market in the region.

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Ingersoll Rand PLC (Ireland), Johnson Controls (US), TROX GmbH (Germany), Spectrum Industries (India), United Technologies Corporation (US), Honeywell International Inc. (US), Daikin Industries, Ltd. (Japan), Siemens AG (Germany), Systemair AB (Sweden), Barcol-Air (Switzerland) are the major players in the VAV box market.