Market Highlights: Variable air volume is a type of ventilating, heating, or/and air-conditioning system. It supplies constant airflow at variable temperatures. There are numerous factors positively impelling the variable air volume systems market growth. The principle driving factor is growing applications in commercial buildings. Additionally, single-duct variable air volume systems expected to market significant growth during the forecasted period. Moreover, rising demand from the developing economies expected to generate lucrative opportunities for the market players. The market study is being classified by Type (Single-Duct, Dual-Duct, Fan-Powered and Induction Based), by Application (Commercial Buildings, Industrial Buildings and Residential Buildings) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Variable Air Volume Systems are Ingersoll Rand (Ireland), Honeywell International Ltd (United States), United Technologies Corporation (United States), Daikin Industries Ltd. (Japan), Johnson Controls (United States), Siemens (Germany), Emerson Electric Co (United States), TROX (Germany), DAIKIN INDUSTRIES, Ltd., (Japan), KMC Controls (United States) and Barcol Air Ltd (Switzerland).
Major Market Development Highlights 21st March 2019, Trox GmbH entered in a joint venture with air conditioning supplier and manufacturer in Egypt, Tiba El Manzalawi Group. With this joint venture, the company aims to expand its business in the Egyptian market as well as other markets in the North & East Africa and the Middle East. 11th June 2019, Johnson Controls expanded its production facilities in East China to widen its subsidiary, York (Wuxi) Air Conditioning and Refrigeration Co. Ltd. It will help the company to establish its position in the APAC region.
Key Questions Answered in the Report What will the Variable Air Volume Systems Market size and the growth rate be in Future? What are the key factors driving the Variable Air Volume Systems Market? What are the key market trends and macro-economic impacting the growth of the Variable Air Volume Systems Market? What are the challenges to market growth? Who are the key vendors in the Variable Air Volume Systems Market? What are the market opportunities and threats faced by the vendors in the Variable Air Volume Systems Market? Trending factors influencing the market shares of the Manufacturers. What are the key outcomes of the five forces analysis of the Variable Air Volume Systems Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Variable Air Volume Systems market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Variable Air Volume Systems market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Variable Air Volume Systems Providers, Electronic Component Providers, Technology Providers, Potential Investors, Government and Research Organizations, Trade Associations and Industry Bodies and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.