Total sales in the global variable air volume system market size are expected to exceed US$ 12 billion in 2022. Rising adoption of these systems in commercial and residential buildings is expected to drive demand at a 7% CAGR, with the market exceeding $15.5 billion by 2032.
Rising disposable income, concerns about sustainability, increased infrastructure investments, and energy efficiency legislation are some of the key factors driving the growth of the variable air volume system market.
CAV systems (constant air volume) are those that provide constant airflow at varying temperatures. VAV systems, as opposed to CAV systems, vary the airflow while keeping the temperature constant. VAV systems have several advantages over constant-volume systems, including better temperature control, lower energy consumption by system fans, less compressor wear, less fan noise, and improved dehumidification.
When energy prices began to rise in the 1970s, the Variable Air Volume System (abbreviated as VAV system) entered the picture. The volume of conditioned air supplied by the VAV system varies according to the heat loss or gain in the occupied spaces.
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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.
Here are some key takeaways from the Variable Air Volume System Market:
- Growing demand for energy-efficient HVAC systems is driving the VAV system market. VAV systems are designed to regulate air flow and temperature in a building, making them an ideal choice for energy-conscious consumers.
- Increasing awareness about indoor air quality is also driving the growth of the VAV system market. VAV systems help maintain optimal indoor air quality by controlling the amount of fresh air introduced into a building and reducing the risk of pollutants and contaminants.
- The commercial sector is the largest end-user of VAV systems, driven by the need for temperature control and air quality in large buildings such as offices, hospitals, and shopping malls.
- Technological advancements in the HVAC industry have led to the development of smart building automation systems, which integrate VAV systems with other building systems such as lighting and security. This integration improves energy efficiency and reduces operating costs.
- The Asia Pacific region is expected to witness significant growth in the VAV system market due to increasing urbanization, industrialization, and government initiatives to promote energy-efficient building practices.
- Key players in the VAV system market include Honeywell International, Inc., Johnson Controls, Inc., Siemens AG, Schneider Electric SE, and Carrier Corporation.
Variable Air Volume System Market: Drivers & Restraints
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: 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.
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Key Segments Profiled in the Variable Air Volume System Industry Survey
Product Type:
- Single Zone VAV
- Multiple Zone VAV
Application:
- Residential
- Commercial
- Industrial
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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