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Demand of Induction VAV Box Driven by Its Ability to Induce Warm Air as Per Requ

Posted by RahulS on October 11th, 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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Recent Developments

  • In May 2019, The Company launched a new VAV terminal unit by the brand name TVE. The special attraction in this new terminal unit is the new damper blade which is designed to measure the volume flow. This new design allows a reduction in length and helps to ensure precise measurement results in the case of unfavourable upstream conditions.
  • In March 2019, TROX GmbH signed a joint venture agreement with Egyptian air conditioning manufacturer and supplier Tiba El Manzalawi Group (Egypt). The new joint venture aims at serving the Egyptian market as well as the markets in the Middle East and in North and East Africa.
  • In November 2018, TROX decided to convert its sales company TROX Mexico that was founded in 2010, into a production company. Starting in mid-2019, TROX Mexico will first produce grilles and other air terminal devices, followed by air handling units.
  • In June 2017, Daikin Industries, Ltd. (Japan), through its subsidiary Daikin Australia Pty., Ltd., acquired Airmaster Corporation Pty Ltd. (Australia), a leading player of the air conditioning equipment market. With this acquisition, the company has solidified its HVAC product offering along with its position in the Australian market.

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.

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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.

 

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Also See: Vav Box, Box Market, Forecast Period, United Technologies, Vav, Market, Box

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