Variable Air Volume Systems

Variable Air Volume Systems

Global Variable Air Volume (VAV) Systems Market to Reach $16.3 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Variable Air Volume (VAV) Systems estimated at US$12.2 Billion in the year 2020, is projected to reach a revised size of US$16.3 Billion by 2027, growing at a CAGR of 4.2% over the analysis period 2020-2027. Single Duct, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$7.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Dual Duct segment is readjusted to a revised 4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 7.6% CAGR

The Variable Air Volume (VAV) Systems market in the U.S. is estimated at US$3.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2027 trailing a CAGR of 7.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2027.

Fan Powered Segment to Record 3.5% CAGR

In the global Fan Powered segment, USA, Canada, Japan, China and Europe will drive the 3.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$2.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.5% CAGR through the analysis period.

Select Competitors (Total 47 Featured) -

• Barcol-Air USA Ltd.
• Bion Safety Controls Pvt. Ltd.
• Daikin Industries Ltd.
• Emersion Electric Co.
• Honeywell International, Inc.
• Ingersoll-Rand PLC
• Johnson Controls, Inc.
• KAD Airconditioning
• Kmc Controls
• United Technologies Corporation (UTC)

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