Global Variable Air Volume (VAV) Systems Market is segmented By Product Type (Single-Duct VAV System, Dual-Duct VAV System, Induction VAV System, Fan-Powered VAV System (Fan-Powered Series VAV System, Parallel Fan-Powered VAV System)), By Application (Commercial Buildings (Offices, Warehouse, Hospitality, Retail, Others), Industrial Buildings, Residential Buildings, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
Global Variable Air Volume (VAV) Systems by DataM Intelligence estimates the market to grow at a CAGR of 6.3% during the forecast period 2024-2031. Demand from commercial, residential, and industrial buildings sectors in North America is booming. Competitive rivalry intensifies with Ingersoll Rand Plc, Emerson Electric Co, Trox GmbH and others operating in the market.
Variable air volume systems are the type of heating, ventilating, and/or air-conditioning (HVAC) system. These systems incorporate 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.
Market Summary
| Metrics | Details |
| Market CAGR | 6.3% |
| Segments Covered | By Product Type, By Application, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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Market Dynamics
The market is driven by the rising demand for the variable air volume systems in 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 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 harm the market.
Market Segmentation 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 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 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.
Market Geographical Share
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 American 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 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.
Companies and Competitive Landscape
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 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 a 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.
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**The global variable air volume (VAV) systems market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages
Target Audience2024
- Industry Investors/Investment Bankers
- Suppliers/Buyers
- Education & Research Institutes
- Manufacturers
- Research Professionals
- Emerging Companies
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