The Future is Bright for the Global Variable Air Volume Box MarketPosted by RahulSharma on September 19th, 2019 The VAV BOX Market size is estimated at USD 4.7 billion in 2019 and is projected to reach USD 6.4 billion by 2024, at a CAGR of 6.3%. The VAV BOX market is majorly driven by the growing construction activities, particularly commercial buildings in the emerging countries of APAC. Browse 77 market data Tables and 47 Figures spread through 132 Pages and in-depth TOC on "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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Single-Duct VAV segment is estimated to dominate the overall VAV box market. Single-duct VAV was the largest as well as the fastest-growing segment of the VAV box market. The use and higher preference of single-duct VAV systems in commercial buildings, including offices, retail outlets, hotels, hospitals, and others, is expected to drive the market during the forecast period. Furthermore, the increasing preference for compact offices has boosted the demand for low-profile configuration single-duct VAV. Commercial building is projected to be the fastest-growing application of VAV box during the forecast period. Commercial building is projected to be the fastest-growing application of VAV box during the forecast period. The usage VAV box with a VAV system ensure the energy efficiency of the overall system. VAV systems are used in almost every commercial building, including mega structures, conventions centers, shopping malls, and others. Offices, hospitality, warehouse, and retail are the major users of VAV systems in the commercial building segment. Thus, the expected growth of these sectors within commercial building will drive the VAV box market during the forecast period. North America is estimated to be the largest VAV box market during the forecast period. North America is projected to be the largest VAV box market during the forecast period. Increasing construction spending in private and public sectors across the North American region is expected to boost the demand for HVAC systems, thus driving the market for VAV box. The major private and public sectors which are witnessing growth in construction activities are residential building, offices, production facilities, and others. The presence of major VAV system manufacturers such as United Technologies Corporation (US), Johnson Controls (US), and Honeywell International Ltd. (US) is also expected to drive the VAV box market in the region. Download PDF Brochure @ http://bit.ly/2ZiQPSN 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), Systemair AB (Sweden), Barcol-Air (Switzerland) are the major players in the VAV box market. For more Info Visit Blog: https://chemicalsresearchmarket.wordpress.com/blog/
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