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

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Date: 21-Aug-2019
No. of pages: 132
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“The growth in VAV BOX demand is increasing due to the growing construction industry, especially commercial and industrial construction in developing countries due to rapid economic development.”

The VAV BOX market size is estimated to be USD 4.7 billion in 2019and is projected to reach USD 6.4 billion by 2024,at a CAGR of 6.3%.The growth of the global construction industry is expected to boost the HVAC market, which in turn will drive the demand for VAV systems and VAV boxes. According to the Oxford Economics, the construction output will grow by 85% to reach USD 15.5 trillion by 2030 globally, with three countries – China, US, and India accounting for 57% of the global growth of the construction sector. Thus, the expected increase in the market size of HVAC will drive the VAV system’s and VAV box’s 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. However, the presence of substitute technologies and increased preference of refurbished VAV boxes are expected to restrain the growth of the VAV box market globally.

“Single-Duct VAV is the fastest growing segment of VAV BOX.”

Single-duct VAV was the largest as well as the fastest-growing segment of the VAV box market globally in 2018. The huge consumption of single-duct VAV systems in commercial buildings due to its various advantages such as low sound level operation, cost-effectiveness, and efficiency in maintaining the optimum temperature in different climatic condition are the major factors driving the demand for single-duct VAV.

“Commercial building is the largest application of VAV BOX.”

Commercial building is the largest application of VAV box. The increasing spending on public and private infrastructure development will contribute to the growth of the VAV box market. The continuous increase in new construction, including manufacturing and office construction, are the major factors leading to the demand of commercial buildings.

“APAC is the fastest-growing market for VAV BOX.”

APAC is projected to register the highest growth rate during the forecast period owing to the presence of developing markets such as China and Japan as well as emerging economies such as India, South Korea, and Indonesia. APAC is one of the prominent construction markets and is expected to grow at a rapid pace in the coming years, with India expected to become a new global hub for construction in the emerging markets, growing almost twice as fast as China. Therefore, due to the strong growth of the construction industry, the region is expected to have a heavy demand for VAV box during the forecast period.

Extensive primary interviews were conducted in the process of determining and verifying sizes of different types, end-user of the VAV BOX market gathered through secondary research.

The breakdown of primary interviews is given below:


  • By Company Type: Tier 1 –45%, Tier 2 –22%,and Tier 3 –33%

  • By Designation: C-Level Executives–50%, Director-Level –25%, and Others –25%

  • By Region: North America –50%, Europe –20%, APAC–20%, and South America – 10%,


The key companies profiled in this report on the VAV BOX market include 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), System air AB (Sweden), Barcol-Air (Switzerland).

Research Coverage

The VAV box market has been segmented based on type, application, and region. This report covers the VAV BOX market and forecasts its market size until 2024. It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the VAV BOX market. The report also provides insights into the drivers and restraints in the VAV BOX market along with opportunities and challenges. The report also includes profiles of top manufacturers in theVAV BOX market.

Reasons to Buy the Report

The report is expected to help market leaders/new entrants in the following ways:


  • This report segments the VAV BOX market and provides the closest approximations of revenue numbers for the overall market and its segments across different verticals and regions.

  • This report is expected to helps take holders understand the pulse of the VAV BOX market and provide information on key market drivers, restraints, challenges, and opportunities influencing the market growth.

  • This report is expected to helps take holders obtain an in-depth understanding of the competitive landscape of the VAV BOX market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies, such as new product developments, expansions, joint ventures, and mergers& acquisitions.

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

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 VAV Box Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Unit Considered
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.3.1 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the VAV Box Market
4.2 VAV Box Market, By Region
4.3 VAV Box Market, Developed vs Developing Economies

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Need for Energy Conservation
5.2.1.2 High Demand for HVAC Systems
5.2.1.3 Increase in Requirement for VAV Boxes Owing to Added Benefits
5.2.2 Restraints
5.2.2.1 Presence of Substitute Technologies
5.2.3 Opportunities
5.2.3.1 Increasing Global Construction Activities
5.2.4 Challenges
5.2.4.1 High Product Cost and Installation Charges
5.3 Supply Chain Analysis
5.4 Component Cost Breakup
5.4.1 Component Definition
5.5 Sales Channels
5.6 New Construction vs Retrofit
5.7 Porter’s Five Forces Analysis
5.7.1 Bargaining Power of Suppliers
5.7.2 Threat of New Entrants
5.7.3 Threat of Substitutes
5.7.4 Bargaining Power of Buyers
5.7.5 Intensity of Competitive Rivalry
5.8 Macroeconomic Indicators
5.9 Trends and Forecast of GDP at Country Level
5.10 Countries Engaging in More Than 60% Green Projects (2018 and 2021)
5.11 Sectors Having Planned Green Activity Over the Next Three Years
5.12 Construction Contribution to GDP

6 VAV Box Market, By Type
6.1 Introduction
6.2 Single Duct VAV Box
6.2.1 Increasingly Compact Offices has Led to High Demand for Single Duct VAV Box
6.3 Fan-Powered VAV Box
6.3.1 Commercial and Industrial Buildings Toto Drive the Market for Fan-Powered VAV Box
6.3.2 Series Flow Terminals
6.3.3 Parallel Flow Terminals
6.4 Dual Duct VAV Box
6.4.1 Growth in Construction of Hospitals to Drive the Demand of Dual Duct VAV Box
6.5 Induction VAV Box
6.5.1 Demand of Induction VAV Box Driven By Its Ability to Induce Warm Air as Per Requirement

7 VAV Box Market, By Application
7.1 Introduction
7.2 Commercial Building
7.2.1 Commercial Buildings Such as Offices, Hospitality, and Retails to Drive the Demand for VAV Box
7.2.2 Office
7.2.3 Warehouse
7.2.4 Hospitality
7.2.5 Retail
7.2.6 Others
7.3 Industrial Building
7.3.1 Increasing Industrial Construction in APAC to Drive the Demand of VAV Box
7.4 Residential Building
7.4.1 High Number of Residential Properties in MEA Drives the Use of VAV Box in Residential Buildings

8 VAV Box Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 Strong Demand for Residential and Non-Residential Construction to Drive the VAV Box Market
8.2.2 Canada
8.2.2.1 Increasing Demand for Green Buildings to Drive the Country’s VAV Box Market
8.2.3 Mexico
8.2.3.1 Increasing Infrastructure Development to Drive the VAV Box Market
8.3 Middle East & Africa
8.3.1 UAE
8.3.1.1 Investment in New Construction Projects to Drive the Demand of VAV Box
8.3.2 Saudi Arabia
8.3.2.1 Growing Residential and Commercial Infrastructure Will Create A Huge Impact on the VAV Box Market
8.3.3 Nigeria
8.3.3.1 Government Efforts on Developing the Country’s Infrastructure Will Lead to the Demand for VAV Box
8.3.4 Rest of Middle East & Africa
8.4 APAC
8.4.1 China
8.4.1.1 Growing HVAC Market to Drive the Demand for VAV Box
8.4.2 Japan
8.4.2.1 Increasing Commercial, Industrial, and Hospitality Construction to Drive the VAV Box Market
8.4.3 India
8.4.3.1 The Rapidly Growing Construction Industry is Expected to Drive VAV Box Demand
8.4.4 South Korea
8.4.4.1 Commercial Building is Estimated to Dominate the VAV Box Market South Korea
8.4.5 Indonesia
8.4.5.1 Infrastructure Initiatives By Indonesian Government to Drive the VAV Box Demand in the Country
8.4.6 Rest of APAC
8.5 Europe
8.5.1 Germany
8.5.1.1 Growing Industrial Construction is Expected to Drive the VAV Box Market
8.5.2 UK
8.5.2.1 The Presence of Strong Commercial Real Estate Will Drive the VAV Box Market
8.5.3 France
8.5.3.1 Growing Construction and Hospitality Industry to Drive the VAV Box Market
8.5.4 Russia
8.5.4.1 Growth of Overall Construction Industry Will Drive the VAV Box Market in the Country
8.5.5 Turkey
8.5.5.1 Growth in the Construction of Office Buildings to Drive the VAV Box Market
8.5.6 Rest of Europe
8.6 South America
8.6.1 Brazil
8.6.1.1 Promotion of Energy Efficient Systems in the Country Will Lead to the Demand of VAV Box and Systems
8.6.2 Argentina
8.6.2.1 Increased Government Intervention and Aid of Imf to Promote the Construction Industry in the Country
8.6.3 Rest of South America

9 Competitive Landscape
9.1 Introduction
9.2 Market Ranking of VAV Box Manufacturers
9.3 Competitive Situation & Trends
9.3.1 Expansion
9.3.2 New Product Development
9.3.3 Merger & Acquisition
9.3.4 Joint Venture

10 Company Profiles
10.1 Ingersoll Rand PLC
10.1.1 Business Overview
10.1.2 Products Offered
10.1.3 SWOT Analysis
10.1.4 MnM View
10.2 Johnson Controls
10.2.1 Business Overview
10.2.2 Products Offered
10.2.3 Recent Developments
10.2.4 SWOT Analysis
10.2.5 MnM View
10.3 TROX GmbH
10.3.1 Business Overview
10.3.2 Products Offered
10.3.3 Recent Developments
10.3.4 SWOT Analysis
10.3.5 MnM View
10.4 Spectrum Industries
10.4.1 Business Overview
10.4.2 Products Offered
10.4.3 SWOT Analysis
10.4.4 MnM View
10.5 United Technologies Corporation
10.5.1 Business Overview
10.5.2 Products Offered
10.5.3 Recent Developments
10.5.4 SWOT Analysis
10.5.5 MnM View
10.6 Honeywell International Inc.
10.6.1 Business Overview
10.6.2 Products Offered
10.6.3 MnM View
10.7 Daikin Industries, Ltd.
10.7.1 Business Overview
10.7.2 Products Offered
10.7.3 Recent Developments
10.7.4 MnM View
10.8 Siemens AG
10.8.1 Business Overview
10.8.2 Products Offered
10.8.3 MnM View
10.9 Systemair AB
10.9.1 Business Overview
10.9.2 Products Offered
10.9.3 MnM View
10.10 Barcol-Air
10.10.1 Business Overview
10.10.2 Products Offered
10.10.3 MnM View

11 Additional Company Profiles
11.1 Halton Group
11.2 Advanced Air (UK) Ltd
11.3 Waterloo Air Products PLC
11.4 Air Master Equipments Emirates LLC
11.5 KAD Airconditioning
11.6 EB Air Control Inc.
11.7 Dynacraft Air Controls
11.8 BES-Tech, Inc.
11.9 Metal Industries Inc.
11.10 Beyond & Brothers Development Co Ltd
11.11 KBE
11.12 Prolon
11.13 Betec Cad
11.14 JCC Cooling

12 Appendix
12.1 Discussion Guide

List of Tables

Table 1 Trends and Forecast of GDP at Country Level, USD Billion (2017-2024)
Table 2 Countries Engaging in More Than 60% Green Projects (2018 and 2021)
Table 3 Trends and Forecast of the Construction Industry, By Country, 2014–2021 (USD Billion)
Table 4 VAV Box Market Size, By Type , 2017–2024 (USD Million)
Table 5 Fan-Powered VAV Market Size, By Sub-Type , 2017–2024 (USD Million)
Table 6 Single Duct VAV Box Market Size, By Region, 2017–2024 (USD Million)
Table 7 Fan-Powered VAV Box Market Size, By Region, 2017–2024 (USD Million)
Table 8 Dual Duct VAV Box Market Size, By Region, 2017–2024 (USD Million)
Table 9 Induction VAV Box Market Size, By Region, 2017–2024 (USD Million)
Table 10 VAV Box Market Size, By Application , 2017–2024 (USD Million)
Table 11 VAV Box Market Size in Commercial Buiding, By Sub-Application , 2017–2024 (USD Million)
Table 12 VAV Box Market Size in Commercial Building, By Region, 2017–2024 (USD Million)
Table 13 VAV Box Market Size in Industrial Building, By Region, 2017–2024 (USD Million)
Table 14 VAV Box Market Size in Residential Building, By Region, 2017–2024 (USD Million)
Table 15 VAV Box Market Size, By Region, 2017–2024 (USD Million)
Table 16 VAV Box Market Size, By Region, 2017–2024 (Thousand Units)
Table 17 VAV Box Market Size, By Type, 2017–2014 (USD Million)
Table 18 Fan-Powered VAV Box Market Size, By Sub-Type, 2017–2024 (USD Million)
Table 19 VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 20 VAV Box Market Size in Commercial Building, By Sub-Application, 2017–2024 (USD Million)
Table 21 North America: VAV Box Market Size, By Region, 2017–2024 (USD Million)
Table 22 North America: VAV Box Market Size, By Region, 2017–2024 (Thousand Units)
Table 23 North America: VAV Box Market Size, By Type, 2017–2024 (USD Million)
Table 24 North America: Fan-Powered VAV Box Market Size, By Sub-Type, 2017–2024 (USD Million)
Table 25 North America: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 26 North America: VAV Box Market Size in Commercial Building, By Sub-Application, 2017–2024 (USD Million)
Table 27 US: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 28 Canada: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 29 Mexico: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 30 Middle East & Africa: VAV Box Market Size, By Country, 2017–2024 (USD Million)
Table 31 Middle East & Africa: VAV Box Market Size, By Country, 2017–2024 (Thousand Units)
Table 32 Middle East & Africa: VAV Box Market Size, By Type, 2017–2024 (USD Million)
Table 33 Middle East & Africa: Fan-Powered VAV Box Market Size, By Sub-Type, 2017–2024 (USD Million)
Table 34 Middle East & Africa: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 35 Middle East & Africa: VAV Box Market Size Commercial Bulding, By Sub-Application, 2017–2024 (USD Million)
Table 36 UAE: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 37 Saudi Arabia: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 38 Nigeria: VAV Market Size, By Application, 2017–2024 (USD Million)
Table 39 Rest of Middle East & Africa: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 40 APAC: VAV Box Market Size, By Country, 2017–2024 (USD Million)
Table 41 APAC: VAV Box Market Size, By Country, 2017–2024 (Thousand Units)
Table 42 APAC: VAV Box Market Size, By Type, 2017–2024 (USD Million)
Table 43 APAC: Fan-Powered VAV Box Market Size, By Sub-Type, 2017–2024 (USD Million)
Table 44 APAC: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 45 APAC: VAV Box Market Size in Commercial Building, By Sub-Application, 2017–2024 (USD Million)
Table 46 China: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 47 Japan: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 48 India: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 49 South Korea: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 50 Indonesia: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 51 Rest of APAC: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 52 Europe: VAV Box Market Size, By Region, 2017–2024 (USD Million)
Table 53 Europe: VAV Box Market Size, By Region, 2017–2024 (Thousand Units)
Table 54 Europe: VAV Box Market Size, By Type, 2017–2024 (USD Million)
Table 55 Europe: Fan-Powered VAV Box Market Size, By Sub-Type, 2017–2024 (USD Million)
Table 56 Europe: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 57 Europe: VAV Box Market Size in Commercial Building, By Sub-Application, 2017–2024 (USD Million)
Table 58 Germany: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 59 UK: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 60 France: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 61 Russia: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 62 Turkey: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 63 Rest of Western Europe: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 64 Rest of Central & Eastern Europe: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 65 South America: VAV Box Market Size, By Country, 2017–2024 (USD Million)
Table 66 South America: VAV Box Market Size, By Country, 2017-2024 (Thousand Units)
Table 67 South America: VAV Box Market Size, By Type, 2017–2024 (USD Million)
Table 68 South America: Fan-Powered VAV Box Market Size, By Sub-Type, 2017-2024 (USD Million)
Table 69 South America: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 70 South America: VAV Box Market Size in Commercial Building, By Sub-Application, 2017–2024 (USD Million)
Table 71 Brazil: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 72 Argentina: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 73 Rest of South America: VAV Box Market Size, By Application, 2017–2024 (USD Million)
Table 74 Expansion, 2014–2019
Table 75 New Product Development, 2014–2019
Table 76 Merger & Acquisition, 2014–2019
Table 77 Joint Venture, 2014–2019

List of Figures

Figure 1 VAV Box Market: Research Design
Figure 2 Market Size Estimation: Top-Down Approach
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 VAV Box Market: Data Triangulation
Figure 5 Single-Duct VAV Was the Largest Segment in 2018
Figure 6 Commercial Building to Be the Fastest-Growing Application of VAV Box
Figure 7 APAC Was the Largest Market for VAV Box in 2018
Figure 8 Growing Commercial Building Activities to Drive the Market During the Forecast Period
Figure 9 APAC to Be the Fastest-Growing Market Between 2019 and 2024
Figure 10 VAV Box Market to Register High Growth in Developing Nations
Figure 11 Drivers, Restraints, Opportunities, and Challenges Governing the VAV Box Market
Figure 12 VAV Box Market: Supply Chain Analysis
Figure 13 VAV Box Market: Component Cost Breakup
Figure 14 Sales Channel Breakup
Figure 15 VAV System Market: New Construction vs Retrofit
Figure 16 VAV Box Market: Porter’s Five Forces Analysis
Figure 17 Single Duct to Be the Largest Segment in the Overall VAV Box Market
Figure 18 North America to Be the Largest Market for Single Duct VAV Box
Figure 19 North America to Be the Largest Market for Fan-Powered VAV Box
Figure 20 APAC Projected to Be the Fastest-Growing Market for Dual Duct VAV Box
Figure 21 North America is the Largest Market for Induction VAV Box
Figure 22 Commercial Buidings to Be Dominant User of VAV Box
Figure 23 North America to Be the Largest Market in the Commercial Building Segment
Figure 24 APAC to Witness Highest Growthin the Industrial Building Segment
Figure 25 Middle East & Africa to Be the Largest Market for VAV Box in Residential Building Segment
Figure 26 VAV Box Market Regional Snapshot
Figure 27 North America Market Snapshot: Mexico is the Fastest-Growing Market
Figure 28 Middle East & Africa Market Snapshot: UAE is the Largest and Fastest-Growing Market
Figure 29 APAC Snapshot: India is the Fastest-Growing Market
Figure 30 Europe Market Snapshot: France is the Fastest-Growing Market
Figure 31 South America Market Snapshot: Argentina is the Fastest-Growing Market
Figure 32 Market Ranking of Key Players in 2018
Figure 33 Ingersoll Rand PLC: Company Snapshot
Figure 34 Ingersoll Rand PLC: SWOT Analysis
Figure 35 Johnson Controls: Company Snapshot
Figure 36 Johnson Controls: SWOT Analysis
Figure 37 TROX GmbH: Company Snapshot
Figure 38 TROX GmbH: SWOT Analysis
Figure 39 Spectrum Industries: Company Snapshot
Figure 40 Spectrum Industries: SWOT Analysis
Figure 41 United Technologies Corporation: Company Snapshot
Figure 42 United Technologies Corporation: SWOT Analysis
Figure 43 Honeywell International Inc.: Company Snapshot
Figure 44 Daikin Industries, Ltd.: Company Snapshot
Figure 45 Siemens AG: Company Snapshot
Figure 46 Systemair AB: Company Snapshot
Figure 47 Barcol-Air: Company Snapshot

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