Air Volume Controllers MarketSize and Trends

The global air volume controllers market is projected to experience significant growth during the forecast period owing to high requirements of air volume controllers from industrial buildings to reduce cost and save energy. These air volume controllers intelligently match the energy generation requirements with distribution & usage and are used with monitoring tools, such as smart thermostats. Future and past energy consumption data can be analyzed with the help of smart thermostat devices. Such innovations are projected to spur the growth of the global air volume controllers market. However, high maintenance & installation costs and unavailability of spare parts are some of the factors that are expected to hinder the growth of the global air volume controllers market during forecast period.

Global Air Volume Controllers Market Taxonomy:

On the basis of Type, the global air volume controllers market is segmented into:

Variable Air Volume (VAV) Controller
Single-Zone VAV
Multiple-Zone VAV
Constant Air Volume (CAV) Controller

On the basis of Application, the global air volume controllers market segmented into:

Residential
Commercial
Industrial

On the basis of Region, the global air volume controllers market is segmented into:

North America
Europe
Asia Pacific
Latin America
Middle East
Africa

Global Air Volume Controllers Market Regional Insight:

On the basis of region, the air volume controllers market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America is expected to dominate the market owing to its increasing demand for air volume controllers in the construction industry with includes application in residential buildings, commercial buildings, and industrial buildings. High per capita income, high standard of living, huge customer base and huge migration rate due to industrial developments are propelling growth of commercial and residential infrastructure in this region. These factors are expected to drive growth of the global air volume controllers market over the forecast period.

Moreover, according to data published by the International Energy Agency (IEA), Paris-based autonomous intergovernmental organization, in China, one in three houses in China uses air conditioners. Rising disposable income in emerging economies such as Indonesia, India, Brazil, and Mexico is another factor that is expected to drive demand for air volume controllers. The prominent market players are focused on maintaining a competitive edge in the market and meeting consumer-demand through strategic collaborations and partnerships. For instance, in February 2019, Panasonic and Systemair signed a partnership for the development of integrated HVAC solutions. This partnership focuses on solutions for integrated and sustainable HVAC for commercial and residential buildings.