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Global Variable Air Volume (VAV) Systems Market - 2019-2026

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Global Variable Air Volume (VAV) Systems Market - 2019-2026
Published: June 18, 2020 Content info:
Description

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. The global variable air volume (VAV) systems market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.

Market Dynamics:

The market is driven by the rising demand for the variable air volume systems in the 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 the 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 have a negative impact on the market.

Segment Analysis

The global variable air volume (VAV) systems market is segmented based on product type as a single VAV system, dual-duct VAV system, induction VAV system, and fan-powered VAV system. The single VAV system segment accounts for the highest market growth of XX% and expected to remain dominant over the forecasted period due to the high usage of the single-zone constant volume systems in the larger air-handling units and large, packaged rooftop equipment because of its benefits such as lower energy use, better dehumidification at part load, and less fan-generated noise at reduced speeds. The single VAV system uses the temperature sensor in the zone as per the cooling or heating capacity and the airflow delivered by the supply fan to maintain the supply-air temperature at the desired setpoint. The single VAV systems are available with variable-speed fans and cooling/heating that can be staged or modulated to control discharge air temperature. The single-zone VAV is widely used for the larger, densely occupied zones especially in the gymnasiums, cafeterias, lecture halls, auditoriums, large meeting rooms, churches, and arenas.

Further, the market is also classified based on the application as commercial buildings, industrial buildings, and residential buildings. The commercial buildings segment accounts for the highest market due to the higher installations of the variable air volume (VAV) systems in the hospitality sector, retail sector, offices, and warehouses as these systems are the highly energy-efficient systems and control humidity. The variable air volume (VAV) systems are the most frequent ventilation systems installed in commercial buildings. The growing need for cooling and heating shall boost the demand for the variable air volume (VAV) systems. The increasing infrastructure spending shall fuel the market growth. It is further expected that the commercial buildings segment shall maintain its dominant market position over the forecasted period.

Geographical Presentation

By region, the global variable air volume (VAV) systems market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the global variable air volume (VAV) systems market due to the high usage of the variable air volume (VAV) systems in commercial buildings, residential buildings, and industrial buildings. There are growing usage of the variable air volume (VAV) systems in the various end-industries such as retail, office, hospitality, and warehouse. The high per capita income, huge customer base, high living standard, and huge migration rate shall stimulate market growth. The United States accounts for the highest market share of XX% in 2018 owing to the high investments for the development of the infrastructure for commercial buildings and residential buildings. It is further expected that the North America region shall dominant the market over the forecasted period.

The Asia-Pacific region is expected to have positive market growth due to growing awareness regarding the reduction of consumption of energy. There is a growing adoption of the variable air volume (VAV) systems due to the rising sustainability concerns and energy efficiency legislations. The drastic market growth is expected to observe in the developing countries especially in India, and China due to the growing usage of the single-dut VAV systems in industrial buildings. The increasing domestic income and purchasing power of people shall boost the demand for the variable air volume (VAV) systems over the forecasted period.

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. 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 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 the 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

In March 2019, Trox GmbH had entered into the joint venture agreement with Egyptian air conditioning manufacturer and supplier Tiba El Manzalawi Group. Under the terms of the agreement, Trox and Tiba would manufacture ventilation and air conditioning components specifically components for air distribution for the Egyptian market as well as the markets in the Middle East and North and East Africa.

In February 2017, Ingersoll Rand had acquired the business of Thermocold Costruzioni S.r.l that manufactures and distributes heating, ventilating, and air-conditioning (HVAC) systems and solutions for residential, commercial and industrial buildings in Europe.

Why Purchase the Report?

  • Visualize the composition of the global variable air volume (VAV) systems market products in terms of product type and application highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the global variable air volume (VAV) systems market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of global variable air volume (VAV) systems market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • *The global variable air volume (VAV) systems market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages

Target Audience

  • Industry Investors/Investment Bankers
  • Suppliers/Buyers
  • Education & Research Institutes
  • Manufacturers
  • Research Professionals
  • Emerging Companies
  • Distributors
Table of Contents

Table of Contents

1. Global Variable Air Volume (VAV) Systems Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Variable Air Volume (VAV) Systems Market - Market Definition and Overview

3. Global Variable Air Volume (VAV) Systems Market - Executive Summary

  • 3.1. Market Snippet by Product Type
  • 3.2. Market Snippet by Application
  • 3.3. Market Snippet by Region

4. Global Variable Air Volume (VAV) Systems Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
    • 4.1.2. Restraints
    • 4.1.3. Impact Analysis
  • 4.2. Opportunity

5. Global Variable Air Volume (VAV) Systems Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Regulatory Analysis
  • 5.4. Pricing Analysis

6. Global Variable Air Volume (VAV) Systems Market - By Product Type

  • 6.1. Introduction
    • 6.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 6.1.2. Market Attractiveness Index, By Product Type
    • 6.1.3. Single-Duct VAV System*
      • 6.1.3.1. Introduction
      • 6.1.3.2. Market Size Analysis, US$ Mn, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
  • 6.2. Dual-Duct VAV System
  • 6.3. Induction VAV System
  • 6.4. Fan-Powered VAV System
    • 6.4.1. Fan-Powered Series VAV System
    • 6.4.2. Parallel Fan-Powered VAV System

7. Global Variable Air Volume (VAV) Systems Market - By Application

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 7.1.2. Market Attractiveness Index, By Application
  • 7.2. Commercial Buildings*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, USD Mn, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    • 7.2.3. Offices
    • 7.2.4. Warehouse
    • 7.2.5. Hospitality
    • 7.2.6. Retail
    • 7.2.7. Others
  • 7.3. Industrial Buildings
  • 7.4. Residential Buildings
  • 7.5. Others

8. Global Variable Air Volume (VAV) Systems Market - By Region

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
    • 8.1.2. Market Attractiveness Index, By Region
  • 8.2. North America
    • 8.2.1. Introduction
    • 8.2.2. Key Region-Specific Dynamics
    • 8.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 8.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 8.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 8.2.5.1. U.S.
      • 8.2.5.2. Canada
      • 8.2.5.3. Mexico
  • 8.3. Europe
    • 8.3.1. Introduction
    • 8.3.2. Key Region-Specific Dynamics
    • 8.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 8.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 8.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 8.3.5.1. Germany
      • 8.3.5.2. U.K.
      • 8.3.5.3. France
      • 8.3.5.4. Rest of Europe
  • 8.4. South America
    • 8.4.1. Introduction
    • 8.4.2. Key Region-Specific Dynamics
    • 8.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 8.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 8.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 8.4.5.1. Brazil
      • 8.4.5.2. Argentina
      • 8.4.5.3. Rest of South America
  • 8.5. Asia Pacific
    • 8.5.1. Introduction
    • 8.5.2. Key Region-Specific Dynamics
    • 8.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 8.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 8.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 8.5.5.1. China
      • 8.5.5.2. India
      • 8.5.5.3. Japan
      • 8.5.5.4. Australia
      • 8.5.5.5. Rest of Asia Pacific
  • 8.6. Middle East and Africa
    • 8.6.1. Introduction
    • 8.6.2. Key Region-Specific Dynamics
    • 8.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 8.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

9. Global Variable Air Volume (VAV) Systems Market Competitive Landscape

  • 9.1. Competitive Scenario
  • 9.2. Market Positioning/Share Analysis
  • 9.3. Mergers and Acquisitions Analysis

10. Global Variable Air Volume (VAV) Systems Market Company Profiles

  • 10.1. Johnson Controls*
    • 10.1.1. Company Overview
    • 10.1.2. Form Portfolio and Description
    • 10.1.3. Key Highlights
    • 10.1.4. Financial Overview
  • 10.2. Ingersoll Rand Plc
  • 10.3. Daikin Industries, Ltd.
  • 10.4. United Technologies Corporation
  • 10.5. Emerson Electric Co.
  • 10.6. Honeywell International Inc.
  • 10.7. Siemens
  • 10.8. Trox GmbH
  • 10.9. KMC Controls
  • 10.10. Barcol-Air
  • List is not exhaustive

11. Global Variable Air Volume (VAV) Systems Market - Premium Insights

12. Global Variable Air Volume (VAV) Systems Market - DataM

  • 12.1. Appendix
  • 12.2. About Us and Services
  • 12.3. Contact Us
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