Variable Air Volume (VAV) Systems Market: Global Analysis by Type, Application, Region, Leading Players - Johnson Controls, Trane Technologies, Carrier, Daikin Industries, Honeywell

Variable Air Volume (VAV) Systems Market: by Type (Single-duct VAV, Dual-duct VAV, Induction VAV, Fan-powered VAV), Application (Commercial building, Industrial building, Residential building), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

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A well-designed infrastructure should have a ventilation system to replace stagnant air with clean air. Compared to constant air volume (CAV) structures, variable air volume (VAV) structures demand lower fan speeds and better temperature control, making them quieter and more energy-efficient. VAV structures utilize ductwork to distribute air to different areas of the building, with temperature control achieved by adjusting the supply air diffusers. A heating, ventilation, and air conditioning (HVAC) system is a type of VAV or variable air volume system that controls the temperature, humidity, and air quality of a building. Modern buildings are efficiently cooled or heated by variable air volume (VAV) systems, which are types of HVAC systems. VAV systems provide better temperature control, consume less energy, reduce compressor wear, and produce less fan noise compared to other systems. They can also act as passive dehumidifiers. Airflow in space is managed by a control system that adjusts the fan speed and the size of the air duct openings. VAV systems are a common choice for commercial buildings because of their energy efficiency and easy-to-use controls.

The market for variable air volume (VAV) systems is expanding due to the growing demand for commercial buildings and construction projects. The use of VAV systems is increasing across various industries such as retail, offices, hotels, and warehouses, leading to a surge in demand. The market for variable air volume (VAV) systems is growing rapidly due to the industrialization and diversification of end-user verticals in developing economies. The use of elastomers and polymers in VAV systems, as well as the emphasis on energy consumption, are projected to contribute further to the market's growth. Sustainability and energy usage are addressed by stringent regulations in several countries. The market is expected to expand soon due to the high expenditures on industrial projects worldwide.

The most commonly utilized VAV systems are single duct ones due to their reduced energy consumption, lower noise generation by fans at decreased speeds, and superior dehumidification capabilities when operating at part loads. VAV systems are also highly effective at saving up to 30 percent of energy costs in comparison to traditional duct cooling systems. Additionally, central air handling unit designs and duct sizes are smaller, resulting in a more streamlined and manageable system.

Key Market Players

• Ingersoll Rand (Ireland)
• Honeywell International Ltd (US)
• United Technologies Corporation (US)
• Daikin Industries Ltd (Japan)
• Johnson Controls (US)
• Siemens (Germany)
• TROX (Germany)

Current market status and growth

The global variable air volume (VAV) systems market is estimated to be valued at USD 15.06 billion in 2023 and is projected to reach USD 23.10 billion by 2030, at a CAGR of 6.3% during the same period. The demand for variable air volume systems is rising with the growing demand in commercial buildings applications.

Due to the high demand for variable air volume (VAV) systems in the hospitality, retail, office, and warehouse sectors, the commercial buildings segment is rapidly expanding. The hospitality and retail sectors are becoming attractive destinations for investment, particularly in the Middle East and Africa, with countries like the UAE and Saudi Arabia leading the way. As a result, global investors are establishing their operations in these regions, leading to an increase in the installation of variable air volume (VAV) systems in the commercial buildings application segment.

Geographies

The variable air volume (VAV) systems market covers various countries across different regions. North America, includes the United States, Canada, and Mexico. Europe is represented by Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and the rest of Europe. The Asia-Pacific (APAC) region includes China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, the Philippines, and the rest of APAC. The Middle East and Africa (MEA) is represented by Saudi Arabia, the United Arab Emirates, South Africa, Egypt, Israel, and the rest of the MEA.

North America is the largest variable air volume (VAV) system market due to its widespread adoption in various applications such as commercial buildings, residential buildings, and industrial buildings. The region's high per capita income, large customer base, high standard of living, and significant migration rate as a result of industrial development have fueled the growth of residential and commercial infrastructure, which has driven the demand for VAV systems. Additionally, the region has stringent energy efficiency regulations, which have also contributed to the growth of the VAV market as these systems offer improved energy efficiency and cost savings.

Market recent developments

In 2019, the organization enlarged its facility in eastern China to house York Air Conditioning and Refrigeration Co. Ltd., a subsidiary of Johnson Controls, which will help to advance its presence in the Asia-Pacific (APAC) region.

Conclusion

The market expansion of variable air volume (VAV) systems is being primarily fueled by the rising demand for them in commercial buildings and constructions. Single-zone variable air volume (VAV) systems are predicted to increase in demand due to their superior dehumidification capability and energy efficiency, in addition to being more quiet and reliable. The expansion of the variable air volume (VAV) system market is mainly attributed to the fast-paced industrialization and diversification of end-user verticals in developing economies. The use of elastomers and polymers in VAV systems and a greater focus on energy efficiency are expected to further strengthen the market. In addition, strict regulations in several countries related to sustainability and energy usage are likely to contribute to the growth of the VAV system market.

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