Ingersoll Rand PLC (Ireland), and Johnson Controls (US) are top two players in the Variable Air Volume Box Market
The global VAV BOX 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”.
VAV Boxes are major components inside a VAV system which
makes it energy efficient and helps to reduce the energy consumption by
maintaining a balanced air flow as per the zone’s requirement. The VAV terminal
unit consist of a damper and control to measure the required air flow as per
the temperature level. The major applications
of VAV BOX includes its usage in residential, commercial and industrial
buildings.
The key players in the VAV BOX market are 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), and Barcol-Air
(Switzerland).
The VAV BOX market report analyzes the key growth strategies
adopted by the leading market players, between 2014 and 2019, which include expansions,
new product developments, merger & acquisitions, and joint ventures.
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.
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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.
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