Variable Air Volume Box Market worth $6.4 billion by 2024

The report "Variable Air Volume Box Market by type(Single-Duct VAV, Dual-Duct VAV, Induction VAV, Fan-Powered VAV(Series Powered, Parallel Powered)), Application(Residential Building, Industrial Building, Commercial Building), and Region - Global Forecast to 2024", is projected to grow from USD 4.7 billion in 2019 to USD 6.4 billion by 2024, at a CAGR of 6.3% during the forecast period. The growing construction industry, especially commercial and industrial construction, in these countries due to rapid economic development is expected to lead to high demand for VAV systems which in turn will contribute to the demand of VAV box market.  Furthermore, the increasing need for energy conservation in buildings from the commercial and industrial sector will escalate the demand for energy-efficient and cost-effective heating and cooling solutions, which is another driving factor for the market.