Ingersoll Rand PLC (Ireland) and Johnson Controls (US) are Leading Players in the Variable Air Volume Box Market
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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