- Single-Duct VAV System
- Dual-Duct VAV System
- Induction VAV System
- Fan-Powered VAV System
- Parallel Fan-Powered VAV System
- Fan-Powered Series VAV System
Variable Air Volume (VAV) Systems Market size was valued at USD 15,627.1 million in 2022, growing at a CAGR of 6.6% from 2023 to 2029. The global market provides a detailed overview which can be segmented by type, application, and region. By type, the variable air volume (vav) systems 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.
Variable Air Volume (VAV) Systems Market Key Developments:
- In June 2019, Johnson Controls expanded its facilities in East China to enlarge its subsidiary, York (Wuxi) Air Conditioning and Refrigeration Co. Ltd. It will help the company to establish its foothold in APAC.
Global Variable Air Volume Vav Systems Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
6.6%
Largest Market
Asia Pacific
Fastest Growing Market
North America
Variable Air Volume (VAV) Systems Market Dynamics
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 variable air volume (VAV) systems 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 variable air volume (VAV) systems market.
Asia Pacific Got Significant Share
Variable Air Volume (VAV) Systems Market Regional Analysis
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
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Global Variable Air Volume Vav Systems Market Segmentation
By Type
By Application
- Commercial Buildings
- Offices
- Warehouse
- Hospitality
- Retail
- Others
- Industrial Buildings
- Residential Buildings
By Geography
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia Pacific
Frequently Asked Questions
The variable air volume vav systems market size was valued at USD 15,627.1 million in 2022
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, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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 , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Single-Duct VAV System |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Commercial Buildings |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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 ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 |
- Johnson Controls
- Ingersoll Rand Plc
- DAIKIN INDUSTRIES, Ltd.
- United Technologies Corporation
- Emerson Electric Co.
- Honeywell International Inc.
- Siemens
- TROX GmbH
- KMC Controls
- Barcol-Air