Increasing Industrial Construction in APAC to Drive the Demand of VAV Box
Posted by RahulS on March 23rd, 2020
The VAV BOX market is majorly driven by the growing construction activities, particularly commercial buildings in the emerging countries of APAC.
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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
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) are the major players in the VAV box market.
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