Variable Air Volume System Market Size Surpassing US$ 15.5 Bn By 2032

With rising disposable income and opulent lifestyle, all of us want to achieve quality indoor environment and higher level of energy efficiency by automating and controlling the building systems. In 1970s, when the energy prices began to rise Variable Air Volume System (abbreviated as VAV system) came into picture. VAV system supplies conditioned air with the volume varying as per the heat loss or gain in the occupied spaces, without any change in the temperature.VAV system is a type of heating, ventilating and air-conditioning system.

The systems which supply constant airflow at variable temperature range are called as constant air volume (abbreviated as CAV) systems. Unlike CAV systems, VAV systems vary the airflow at a constant temperature. VAV systems have numerous advantages over constant-volume systems which include precise temperature control, lower energy consumption by system fans, reduced compressor wear, less fan noise and increased dehumidification.

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In food processing and packaging systems, precise temperature control have great influence over product quality. Strict temperature controlling positively impacts process efficiency and energy consumption, ultimately resulting in lower cost of operation. VAV systems can help in savings up to 20% of the overall energy expenses.

Variable Air Volume System Market: Drivers & Restraints

Rising disposable income, sustainability concerns, increasing infrastructure investments, energy efficiency legislations are some of the key factors driving the growth of the variable air volume system market.

Installation costs are highly application specific, construction and layout of the building and whether its new or retrofit. Lack of familiarity , servicing and maintenance and spare parts availability are probable factors restraining the growth of the variable air volume system market.

Variable Air Volume System Market: Overview

With product innovation and technological developments, the acceptance of variable air volume systems is gaining popularity. The global variable air volume system market is expected to expand at a promising CAGR during the forecast period (2015-2025).

Variable Air Volume System Market: Region-wise Outlook

The global variable air volume system market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global variable air volume system market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, North America dominated the global variable air volume system market in terms of market revenue followed by Europe. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global variable air volume system market value exhibiting a robust CAGR during the forecast period, 2015?2025.

Variable Air Volume System Market: Key Players

Some of the key market participants in global variable air volume system market are Honeywell International Inc, Schneider Electric, KMC Controls Inc, Vemco Inc, Johnson Controls Inc, Trane Inc, Emerson Climate Technologies.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Variable Air Volume System Market: Segmentation

The global variable air volume system market is broadly classified on the basis of product type, applications and geographies.

Based on application, the global variable air volume system market is segmented into:

Residential
Commercial
Industrial

Based on product type, the global variable air volume system market is segmented into:

Single zone VAV
Multiple zone VAV

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint