Variable Air Volume Box Market – Overview
The single duct variable air volume box segment is mainly dominant across the global market. The ability to control the zonal temperature and the overall cost efficiency of the single duct variable air volume box is making it highly popular across its end users. In addition to this, the increasing need for energy conservation is also helping to push the uptake of single duct variable air volume box in smaller regions such as dorms, offices, retail stores, and classrooms among others.
On the other hand, commercial building is expected to be the biggest application of the variable air volume box. These systems are increasingly installed across malls, commercial buildings, large offices, and hotel among others.
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Variable Air Volume Box Market – Notable Developments
Some of the recent developments in the global variable air volume box market are mentioned below:
- In June 2017, Japan’s leading company in variable air volume box market, Daikin Industries, announced that its subsidiary, Daikin Australia Pvt. Ltd., has successfully acquired Airmaster Corporation Pvt. Ltd. (Australia). Airmaster Corporation is a prominent name in the global air conditioning equipment market. With this takeover, Daikin Industries has further strengthened its HVAC product portfolio as well as its brand positioning in the Australia Market.
- In March 2019, Trox GmbH announced that the company has agreed to sign a joint venture agreement with an Egyptian air conditioning supplier and manufacturer – Tiba El Manzalawi Group. With this agreement, Trox is aiming to serve the growing Egyptian market as well as gain entry in the other promising markets in the Middle East and Africa.
- In May 2019, Trox launched a new variable air volume box terminal unit. The brand was named was TVE. The company provided this new terminal unit with a unique damper blade that was specifically designed to monitor and measure the air volume flow. This new design allowed in cutting down the length and helped in ensuring maintaining precision in terms of measurement while monitoring unfavorable conditions.
Variable Air Volume Box Market – Drivers and Restraints
There are several important factors that are helping to drive the overall development of the global variable air volume box market. One of the key driving factors for the variable air volume box market growth is the substantial growth in the construction activities across the globe. Due to its compact nature it is easier to install a variable air volume box and maintain a proper air flow in the building. This has led to its increased adoption in the construction industry and thus fueled its growth across the globe. In addition to this, variable air volume box offers variety of benefits such as low sound, lower energy consumptions, and high cost efficiency. Such benefits have also helped in upscaling its adoption across a wide range of end use applications and has thus ultimately helped in driving the growth of the global variable air volume box market.
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Variable Air Volume Box Market – Geographical Outlook
The global variable air volume box market is primarily divided into five key regions viz. North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, the global market is mainly dominated by North America region. This global dominance is due to developing healthcare construction industry in the US market followed by Canada and Mexico. Further, increased spending on the development of both private and public infrastructure is also helped in the growth of the North America variable air volume box market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.