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Variable Air Volume Systems Market: By Type, By Application, and by Region Forecast 2019-2030
Variable Air Volume Systems Market: By Type, By Application, and by Region Forecast 2019-2030
Variable Air Volume (VAV) Systems Market size was valued at US$ 15,927.1 million in 2023, growing at a CAGR of 7.6% from 2024 to 2030. The global market provides a detailed overview which can be segmented by type, application, and region. By type, the market has been segmented into single-duct vav systems, dual-duct vav systems, induction vav systems, and fan-powered vav systems. By type, the single-duct VAV systems are expected to be the largest contributor in the market during the forecast period. The growth of the single-duct VAV systems segment is stimulated by its rising demand in industrial building applications, especially in countries like China, India, and Southeast Asia. Based on the application, the segment has been segregated into commercial buildings, industrial buildings, and residential buildings. The commercial buildings application segment accounts for the largest market size over the forecast period owing to the increasing demand for variable air volume (VAV) systems in the hospitality sector, retail sector, offices, and warehouses.
Study Period
2024-2030Base Year
2023CAGR
7.2%Largest Market
Asia PacificFastest Growing Market
North America
Rising urbanization and infrastructural development activities associated with sustainability concerns and energy efficiency regulations is the major cause driving the variable air volume (VAV) systems market growth rate. Apart from this, rising industrialization coupled with the growth and expansion of several end-user verticals, especially in emerging economies will also directly positively impact the growth rate of the market. Furthermore, a wide range of applications in elastomers and polymers coupled with a surge in the focus on the consumption of energy will further carve the way for the growth of the market.
Asia Pacific accounted for larger revenue share in global variable air volume (VAV) systems market with considerable CAGR. The growth in this region can be attributed to growing demand in industrial buildings applications and the presence of emerging economies like India and Japan. Also, growing urbanization together with rising population and shift of manufacturing facilities to emerging region are the other factors responsible for the market growth.
North America held substantial market growth during the estimated period owing to increasing usage of VAV systems in various end-use applications. U.S is the major contributor for the market growth in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 15,927.1 million |
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Market CAGR |
7.2% |
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By Type |
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By Application |
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By Region |
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The global variable air volume vav systems market size was valued at US$ 15,927.1 million in 2023 and is projected to grow at a CAGR of 7.2% from 2024 to 2030.
The variable air volume vav systems market key players are: Johnson Controls Ingersoll Rand Plc DAIKIN INDUSTRIES, Ltd. United Technologies Corporation Emerson Electric Co. Honeywell International Inc. Siemens TROX GmbH KMC Controls Barcol-Air
The variable air volume vav systems market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Variable Air Volume (VAV) Systems Market Introduction |
| 2.1.Global Variable Air Volume (VAV) Systems Market - Taxonomy |
| 2.2.Global Variable Air Volume (VAV) Systems Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Geography |
| 2.2.4.Region |
| 3. Global Variable Air Volume (VAV) Systems Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Variable Air Volume (VAV) Systems Market Analysis, 2019 -2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Variable Air Volume (VAV) Systems Market By Type , 2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Single-Duct VAV System |
| 5.1.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Dual-Duct VAV System |
| 5.2.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Induction VAV System |
| 5.3.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Fan-Powered VAV System |
| 5.4.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Parallel Fan-Powered VAV System |
| 5.5.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Fan-Powered Series VAV System |
| 5.6.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6. Global Variable Air Volume (VAV) Systems Market By Application, 2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Commercial Buildings |
| 6.1.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Offices |
| 6.2.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Warehouse |
| 6.3.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Hospitality |
| 6.4.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Retail |
| 6.5.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Industrial Buildings |
| 6.7.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Residential Buildings |
| 6.8.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7. Global Variable Air Volume (VAV) Systems Market By Geography, 2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Latin America |
| 7.2.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Europe |
| 7.3.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa |
| 7.4.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Asia Pacific |
| 7.5.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Global Variable Air Volume (VAV) Systems Market By Region, 2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Variable Air Volume (VAV) Systems Market ,2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Single-Duct VAV System |
| 9.1.2.Dual-Duct VAV System |
| 9.1.3.Induction VAV System |
| 9.1.4.Fan-Powered VAV System |
| 9.1.5.Parallel Fan-Powered VAV System |
| 9.1.6.Fan-Powered Series VAV System |
| 9.2. Application Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Commercial Buildings |
| 9.2.2.Offices |
| 9.2.3.Warehouse |
| 9.2.4.Hospitality |
| 9.2.5.Retail |
| 9.2.6.Others |
| 9.2.7.Industrial Buildings |
| 9.2.8.Residential Buildings |
| 9.3. Geography Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.North America |
| 9.3.2.Latin America |
| 9.3.3.Europe |
| 9.3.4.Middle East and Africa |
| 9.3.5.Asia Pacific |
| 9.4. Country Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Variable Air Volume (VAV) Systems Market ,2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Single-Duct VAV System |
| 10.1.2.Dual-Duct VAV System |
| 10.1.3.Induction VAV System |
| 10.1.4.Fan-Powered VAV System |
| 10.1.5.Parallel Fan-Powered VAV System |
| 10.1.6.Fan-Powered Series VAV System |
| 10.2. Application Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Commercial Buildings |
| 10.2.2.Offices |
| 10.2.3.Warehouse |
| 10.2.4.Hospitality |
| 10.2.5.Retail |
| 10.2.6.Others |
| 10.2.7.Industrial Buildings |
| 10.2.8.Residential Buildings |
| 10.3. Geography Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.North America |
| 10.3.2.Latin America |
| 10.3.3.Europe |
| 10.3.4.Middle East and Africa |
| 10.3.5.Asia Pacific |
| 10.4. Country Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Variable Air Volume (VAV) Systems Market ,2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Single-Duct VAV System |
| 11.1.2.Dual-Duct VAV System |
| 11.1.3.Induction VAV System |
| 11.1.4.Fan-Powered VAV System |
| 11.1.5.Parallel Fan-Powered VAV System |
| 11.1.6.Fan-Powered Series VAV System |
| 11.2. Application Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Commercial Buildings |
| 11.2.2.Offices |
| 11.2.3.Warehouse |
| 11.2.4.Hospitality |
| 11.2.5.Retail |
| 11.2.6.Others |
| 11.2.7.Industrial Buildings |
| 11.2.8.Residential Buildings |
| 11.3. Geography Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.North America |
| 11.3.2.Latin America |
| 11.3.3.Europe |
| 11.3.4.Middle East and Africa |
| 11.3.5.Asia Pacific |
| 11.4. Country Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Variable Air Volume (VAV) Systems Market ,2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Single-Duct VAV System |
| 12.1.2.Dual-Duct VAV System |
| 12.1.3.Induction VAV System |
| 12.1.4.Fan-Powered VAV System |
| 12.1.5.Parallel Fan-Powered VAV System |
| 12.1.6.Fan-Powered Series VAV System |
| 12.2. Application Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Commercial Buildings |
| 12.2.2.Offices |
| 12.2.3.Warehouse |
| 12.2.4.Hospitality |
| 12.2.5.Retail |
| 12.2.6.Others |
| 12.2.7.Industrial Buildings |
| 12.2.8.Residential Buildings |
| 12.3. Geography Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.North America |
| 12.3.2.Latin America |
| 12.3.3.Europe |
| 12.3.4.Middle East and Africa |
| 12.3.5.Asia Pacific |
| 12.4. Country Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Variable Air Volume (VAV) Systems Market ,2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Single-Duct VAV System |
| 13.1.2.Dual-Duct VAV System |
| 13.1.3.Induction VAV System |
| 13.1.4.Fan-Powered VAV System |
| 13.1.5.Parallel Fan-Powered VAV System |
| 13.1.6.Fan-Powered Series VAV System |
| 13.2. Application Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Commercial Buildings |
| 13.2.2.Offices |
| 13.2.3.Warehouse |
| 13.2.4.Hospitality |
| 13.2.5.Retail |
| 13.2.6.Others |
| 13.2.7.Industrial Buildings |
| 13.2.8.Residential Buildings |
| 13.3. Geography Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.North America |
| 13.3.2.Latin America |
| 13.3.3.Europe |
| 13.3.4.Middle East and Africa |
| 13.3.5.Asia Pacific |
| 13.4. Country Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Johnson Controls |
| 14.2.2.Ingersoll Rand Plc |
| 14.2.3.DAIKIN INDUSTRIES, Ltd. |
| 14.2.4.United Technologies Corporation |
| 14.2.5.Emerson Electric Co. |
| 14.2.6.Honeywell International Inc. |
| 14.2.7.Siemens |
| 14.2.8.TROX GmbH |
| 14.2.9.KMC Controls |
| 14.2.10.Barcol-Air |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.