PUNE, India, November 2, 2016 /PRNewswire/ --
The growth of the variable air volume (VAV) systems market to 2021 is propelled by high demand from HVAC systems in commercial buildings while commercial building application is fastest-growing application for variable air volume (VAV) systems dominated by Asia-Pacific which is expected to hold largest market for VAV systems globally.
Complete report on variable air volume (VAV) systems market spread across 142 pages, profiling 10 companies and supported with 75 tables and 58 figures is now available at http://www.reportsnreports.com/reports/731027-variable-air-volume-systems-market-by-type-single-duct-vav-dual-duct-vav-induction-vav-and-fan-powered-vav-application-residential-buildings-industrial-buildings-commercial-buildings-global-forecast-to-2021.html.
The global market for variable air volume (VAV) systems is projected to reach USD 13.44 billion by 2021, at a CAGR of 6.56% from 2016 to 2021. Increasing demand from the HVAC systems in commercial buildings is the major driver for the VAV systems market. Lower awareness about VAV systems restricts the market and is a major restraint for the global VAV systems market. The global VAV systems market is expected to grow with the increasing demand for HVAC systems in major economies such as India, China, Japan, the U.S., the Middle East, and others.
The growth of the global VAV systems market is mainly due to the increasing demand for the use of VAV systems in the HVAC systems used in commercial, industrial, and residential buildings. Commercial buildings are the fastest-growing application for VAV systems products. The Asia-Pacific region is the fastest-growing region for the application of VAV systems, as the various countries in Asia, mainly India and China are growing at a rapid pace and expanding exponentially with a high growth in the numbers of commercial buildings such as hotels, offices, and malls.
The Asia-Pacific region is the largest market for VAV systems globally, with China leading the market. The market in the region is also witnessing the highest growth rate, which is attributed to the rapid economic expansion the region is undergoing.
The report also includes company profiles and competitive strategies adopted by the major market players such as United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Ingersoll Rand Inc. (Ireland), KMC Controls (U.S.), Johnson Controls (U.S.), Emerson Electric Co. (U.S.), and Daikin Industries, Ltd. (Japan). Order a copy of Variable Air Volume Systems Market by Type (Single Duct VAV, Dual Duct VAV, Induction VAV, and Fan Powered VAV), Application (Residential Buildings, Industrial Buildings, Commercial Buildings) - Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=731027.
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as assess future market prospects. In the process of determining and verifying, the global variable air volume (VAV) systems market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (33%), Tier 2 (59%) and Tier 3 (8%) companies were contacted for primary interviews. The interviews were conducted with various key people such as Directors (17%), C level (25%) and others (58%) from various key organizations operating in the variable air volume (VAV) systems market. The primary interviews were conducted worldwide covering regions such as Europe (8%), Asia-Pacific (67%), North America (8%) and Middle-East & Africa (17%).
On a related note, another research on HVAC Systems Market Global Forecast to 2022 says, heating equipment expected to grow at a high rate during the forecast period. The global market is expected to grow at a CAGR of 5.9% between 2016 and 2022 and reach USD 173.16 billion by 2022. APAC is to be the leading and fastest-growing market for HVAC systems. Companies like Daikin Industries Limited, Ingersoll Rand Plc., Johnson Controls, Inc., Nortek, Inc., United Technologies Corporation, Electrolux AB, Emerson Electric Co., Honeywell International Inc., Lennox International Inc., LG Electronics, Mitsubishi Electric, Panasonic Corporation, Qingdao Haier Co. Ltd., Samsung Electronics and Whirlpool Corporation have been profiled in this 181 pages research report available at http://www.reportsnreports.com/reports/620740-hvac-systems-market-by-equipment-type-heating-heat-pump-furnace-ventilation-air-filter-dehumidifier-air-purifier-cooling-room-ac-unitary-ac-chiller-software-services-implementation-type-application-and-geography-global-forecast-to-2022.html.
Explore more reports on the semiconductor and electronics market at http://www.reportsnreports.com/market-research/semiconductor-and-electronics/.
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