International.
The global variable air volume (VAV) systems market is projected to reach US$13.44 billion in 2021, at a compound annual growth rate (CAGR) of 6.56% from 2016 to 2021, according to a new report published by MarketsandMarkets.
This growth is expected to be driven by the high demand for HVAC systems and the growing demand for VAV systems in the Asia-Pacific, South America, and the Middle East and Africa regions.
Commercial buildings are the largest application of VAV systems. Increasing population and increasing business opportunities have created a growing need for commercial infrastructures, which require the application of VAV systems, which is driving the global variable air volume systems market.
The Asia-Pacific region leads the global VAV systems market and the trend is expected to continue until 2021. Countries in this region such as China, India, Japan, South Korea, and Indonesia are experiencing a significant increase in the use of VAV systems for HVAC in commercial buildings. This region is experiencing a rapid economic expansion and is therefore growing at the highest rate. Globally, China is projected to be the fastest growing market between 2016 and 2021.
