11630 SW 97 Street, Miami, Florida 33176, US
Advertising Driven Press Release Distribution
Advertising Driven Press Release Distribution
According to the new market research report “Variable Air Volume Box Market by type(Single-Duct VAV, Dual-Duct VAV, Induction VAV, Fan-Powered VAV(Series Powered, Parallel Powered)), Application(Residential Building, Industrial Building, Commercial Building), and Region – Global Forecast to 2024″, is projected to grow from USD 4.7 billion in 2019 to USD 6.4 billion by 2024, at a CAGR of 6.3% during the forecast period.
The growing construction industry, especially commercial and industrial construction, in these countries due to rapid economic development is expected to lead to high demand for VAV systems which in turn will contribute to the demand of VAV box market. Furthermore, the increasing need for energy conservation in buildings from the commercial and industrial sector will escalate the demand for energy-efficient and cost-effective heating and cooling solutions, which is another driving factor for the market.
Don’t miss out on business opportunities in Variable Air Volume Box Market
Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=73066784
The VAV BOX market size is projected to grow from USD 4.7 billion in 2019 to USD 6.4 billion by 2024, at a CAGR 6.3%. 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.
Browse and in-depth TOC on “Variable Air Volume Box Market – Global Forecast to 2024”
77 – Tables
47 – Figures
132 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/variable-air-volume-box-market-73066784.html
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. VAV Boxes are major components inside a VAV system which makes it energy efficient and helps to reduce the energy consumption by maintaining a balanced air flow as per the zone’s requirement. The VAV terminal unit consist of a damper and control to measure the required air flow as per the temperature level. The major applications of VAV BOX includes its usage in residential, commercial and industrial buildings.
The key players in the VAV BOX market are 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), and Barcol-Air (Switzerland). The VAV BOX market report analyzes the key growth strategies adopted by the leading market players, between 2014 and 2019, which include expansions, new product developments, merger & acquisitions, and joint ventures.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=73066784
Ingersoll Rand PLC (Ireland) is one of the major players of the VAV BOX market. It is one of the leading companies providing air solutions for homes and buildings, transportation and protection solutions for food and perishables and solutions to increase the industrial productivity and efficiency. The company operates through two business segments, namely, climate and industrial which offers products under the brand names – Club Car, Ingersoll Rand, Thermo King, and Trane. The company provides VAV products through its brand name Trane which falls under its climate business segment. Trane manufactures and markets heating and air ventilation equipment that helps in optimizing indoor environments. Ingersoll-Rand markets and sales its products through different subsidiaries and distributors in more than 100 countries globally.
Johnson Controls (US) is one of the leading players in the VAV BOX market. Johnson Controls is a diversified and multinational company focused towards developing energy solutions, integrated infrastructure and transportation systems. The company operates through two business segments, namely, building technologies & solutions and power solutions. It provides VAV terminal units through its building technologies & solutions business segment under the brand names Titus, Krueger, Tuttle & Bailey and Enviro-Tec. The company’s building technologies & solutions segment provides equipment for building automation & controls, refrigerator, and security systems for buildings. The company has a strong geographical foothold with presence in 2000 locations worldwide which caters the demand of its customers through more than 700 branch offices in 150 countries globally.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/variable-air-volume-box-market.asp
Visit Our Website: https://www.marketsandmarkets.com
For exclusive content regarding the latest trends in the world of Press Release distribution.
