The report "Variable Air Volume Systems Market by Type (Single Duct VAV, Dual Duct VAV, Induction VAV, and Fan Powered VAV), Application (Residential Buildings, Industrial Buildings, Commercial Buildings) - Global Forecast to 2021", The global Variable Air Volume (VAV) systems market is projected to reach USD 13.44 Billion by 2021, at a CAGR of 6.56% from 2016 to 2021. This growth is expected to be driven by the high demand for HVAC systems and the resulting increasing demand for VAV systems in the Asia-Pacific, South American, and the Middle-Eastern & African regions.

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The Variable Air Volume systems market has very few global players competing for their market shares. These companies are actively investing in various strategies such as new product developments and expansions to increase their market shares. Major players such as United Technologies Corporation (U.S.), Honeywell International, Inc. (U.S.), Ingersoll Rand Inc. (Ireland), Johnson Controls (U.S.), The Emerson Electric Co. (U.S.), and others have adopted various organic developmental strategies.

United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Ingersoll Rand Inc. (Ireland), and Daikin Industries, Ltd. (Japan) are the most active players in the global VAV market. These companies accounted for the highest strategy adoptions amongst other players in the global VAV market from 2012 to 2016.

United Technologies Corporation (U.S.) is the most active player in the VAV market. Carrier Corporation is a part of United Technologies Corporation Climate, Controls & Security a unit of United Technologies Corporation. It accounted for the largest share of all the developmental activities undertaken in the VAV market between 2012 and 2016. As part of its strategy, the company focuses on expanding its VAV business by investing into research & development activities. Carrier introduced the WeatherExpert 48/50LC, which helped the company to increase its customer base. The company is involved in innovation and research of new products.

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Another company that has established a strong foothold in the VAV market is Honeywell International Inc. (U.S.). The company is focused on organic growth strategies and has enhanced its product portfolio new product launches, to meet the growing demand from its potential customers. Honeywell International Inc. mainly focuses on development of innovative products and expanding market reach through strategic alliances and distributor agreements. In the year 2016 the company’s strategy includes driving profitable growth through R&D, technological excellence and optimized manufacturing capability to deliver innovative products that customers value and driving organic growth through expansion of our localized footprint in high growth regions, including China, India, Eastern Europe, the Middle East and Latin America.

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