Variable Air Volume Box Market worth $6.4 billion by 2024

The VAV BOX market is majorly driven by the growing construction activities, particularly commercial buildings in the emerging countries of APAC. The global 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%, between 2019 and 2024. 

Browse 77 market data Tables and 47 Figures spread through 132 Pages and in-depth TOC on "Variable Air Volume Box 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

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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Ingersoll Rand PLC (Ireland) is one of the major players of the VAV BOX market. It is one of the leading companies providing air solutions for homes and buildings, transportation and protection solutions for food and perishables and solutions to increase the industrial productivity and efficiency. The company operates through two business segments, namely, climate and industrial which offers products under the brand names - Club Car, Ingersoll Rand, Thermo King, and Trane. The company provides VAV products through its brand name Trane which falls under its climate business segment. Trane manufactures and markets heating and air ventilation equipment that helps in optimizing indoor environments. Ingersoll-Rand markets and sales its products through different subsidiaries and distributors in more than 100 countries globally.

Johnson Controls (US) is one of the leading players in the VAV BOX market. Johnson Controls is a diversified and multinational company focused towards developing energy solutions, integrated infrastructure and transportation systems. The company operates through two business segments, namely, building technologies & solutions and power solutions. It provides VAV terminal units through its building technologies & solutions business segment under the brand names Titus, Krueger, Tuttle & Bailey and Enviro-Tec. The company’s building technologies & solutions segment provides equipment for building automation & controls, refrigerator, and security systems for buildings. The company has a strong geographical foothold with presence in 2000 locations worldwide which caters the demand of its customers through more than 700 branch offices in 150 countries globally.

Read More Information At https://icrowdnewswire.com/2019/10/31/variable-air-volume-box-market-increasing-need-for-energy-conservation-and-high-demand-for-hvac-systems/

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