Variable Air Volume Systems Market Overview:
VAV system is a type of heating, ventilation and air conditioning system. Systems that provide constant air flow over a varying temperature range are called constant air volume systems (CAV). VAV systems have many advantages over CAV systems, including precise temperature control, lesser power utilization by system fans, less compressor wear, less fan noise, and increased dehumidification. In food processing and packaging systems, accurate temperature control has a great impact on product quality. Strict temperature control has a positive impact on process efficiency and energy consumption, ultimately leading to lower operating costs. VAV systems can help save up to 22% of total energy costs. With the increase in disposable income and opulent living, we all want to achieve a quality indoor environment and a higher level of energy efficiency through the automation and control of building systems. In the 1980s, when energy prices started to rise, the variable air volume system (abbreviated as VAV system) entered the picture. The VAV system provides air conditioning that varies in volume based on heat loss or gain in occupied spaces, without any temperature change.
Impact of Covid-19 on the Variable Air Volume Systems Market:
However, the Covid-19 outbreak is estimated to hamper the supply chain for Variable Air Volume Systems. The pandemic is expected to cause VAV box prices to rise and manufacturers to face labor shortages, material shortages and stagnation in international trade affecting the export market. Projects delayed due to supply chain disruption will further hamper the industry.
Variable Air Volume Systems Market drivers and restraints:
Multiple factors are positively shaping the growth of the Global Variable Air Volume (VAV) System Market. Escalating disposable income, sustainability issues, escalated investments in infrastructure, energy efficiency legislations are few of the important factors in the growth of the variable air volume systems market. Installation costs are very specific to the application, construction and design of the building and whether it is new or renovated. Absence of familiarity, service and maintenance, and presence of spare parts are likely factors restraining the growth of the variable air volume systems market. The major driver for the development of the global variable air volume (VAV) market is because of its escalating call in the commercial construction and building industry. The growth of the Variable Air Volume (VAV) Systems market is also driven by the increasing applications of Variable Air Volume (VAV) systems in different end-use industries such as retail, offices, hotels and warehouses, among others. Due to its myriad of advantages, such as low power consumption, lower fan noise, and higher accuracy, among others, it has become more and more popular compared to traditional HVAC systems. Hence, it has helped drive the overall development of the Global Variable Air Volume (VAV) System market.
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Report segmented as:
By Product Type
- Fan-Powered Series VAV System
- Parallel Fan-Powered VAV System
- Single Zone
- Multiple Zone
- Commercial Buildings
- Industrial Buildings
- Residential Buildings
The market for variable air volume systems in the United States is estimated at US $ 4.2 billion by 2020. China, the world's second largest economy, is expected to reach an expected market size of US $ 3.5 billion by 2025 behind a CAGR of 8.7% during the review period of 2020 to 2025. In Europe, Germany is expected to grow by around 3.4% CAGR.
APAC region is expected to show the highest growth rate during the forecast period due to the presence of developing markets such as China and Japan, as well as emerging economies such as India, Korea South and Indonesia. APAC is one of the major construction markets and is expected to grow at a rapid rate in the coming years, and India is expected to become a new global hub for construction in emerging markets, growing almost two times faster than China.
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