Table of Content


1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKET SEGMENTATION 16
1.3.2 REGIONS COVERED 16
1.3.3 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 UNIT CONSIDERED 17
1.7 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY DATA 21
2.1.2.1 Key data from primary sources 21
2.1.2.2 Key industry insights 22
2.1.2.3 Breakdown of primary interviews 22
2.2 MARKET SIZE ESTIMATION 23
2.3 DATA TRIANGULATION 24
2.3.1 ASSUMPTIONS FOR THE STUDY 25

3 EXECUTIVE SUMMARY 26

4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE OPPORTUNITIES IN THE VAV BOX MARKET 29
4.2 VAV BOX MARKET, BY REGION 30
4.3 VAV BOX MARKET, DEVELOPED VS DEVELOPING ECONOMIES 30

5 MARKET OVERVIEW 31
5.1 INTRODUCTION 31
5.2 MARKET DYNAMICS 31
5.2.1 DRIVERS 32
5.2.1.1 Increasing need for energy conservation 32
5.2.1.2 High demand for HVAC systems 32
5.2.1.3 Growing requirement for VAV boxes owing to added benefits 32
5.2.2 RESTRAINTS 32
5.2.2.1 Presence of substitute technologies 32
5.2.3 OPPORTUNITIES 33
5.2.3.1 Increasing global construction activities 33
5.2.4 CHALLENGES 33
5.2.4.1 High product cost and installation charges 33
5.3 SUPPLY CHAIN ANALYSIS 34
5.4 COMPONENT COST BREAKUP 35
5.4.1 COMPONENT DEFINITION 35
5.5 SALES CHANNELS 36
5.6 NEW CONSTRUCTION VS. RETROFIT 37
5.7 PORTER’S FIVE FORCES ANALYSIS 38
5.7.1 BARGAINING POWER OF SUPPLIERS 38
5.7.2 THREAT OF NEW ENTRANTS 39
5.7.3 THREAT OF SUBSTITUTES 39
5.7.4 BARGAINING POWER OF BUYERS 39
5.7.5 INTENSITY OF COMPETITIVE RIVALRY 39
5.8 MACROECONOMIC INDICATORS 40
5.9 TRENDS AND FORECAST OF GDP AT COUNTRY LEVEL 40
5.10 COUNTRIES ENGAGING IN MORE THAN 60% GREEN PROJECTS (2018 AND 2021) 41
5.11 SECTORS HAVING PLANNED GREEN ACTIVITY OVER THE NEXT THREE YEARS 41
5.12 CONSTRUCTION CONTRIBUTION TO GDP 42

6 VAV BOX MARKET, BY TYPE 43
6.1 INTRODUCTION 44
6.2 SINGLE-DUCT VAV 45
6.2.1 INCREASINGLY COMPACT OFFICES HAVE LED TO HIGH DEMAND FOR SINGLE-DUCT VAV 45
6.3 FAN-POWERED VAV 46
6.3.1 COMMERCIAL AND INDUSTRIAL BUILDINGS TO DRIVE THE MARKET FOR
FAN-POWERED VAV 46
6.3.2 SERIES FLOW TERMINALS 46
6.3.3 PARALLEL FLOW TERMINALS 46
6.4 DUAL-DUCT VAV 47
6.4.1 GROWTH IN CONSTRUCTION OF HOSPITALS TO DRIVE THE DEMAND OF DUAL-DUCT VAV 47
6.5 INDUCTION VAV 49
6.5.1 DEMAND OF INDUCTION VAV DRIVEN BY ITS ABILITY TO INDUCE WARM AIR AS PER REQUIREMENT 49
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7 VAV BOX MARKET, BY APPLICATION 50
7.1 INTRODUCTION 51
7.2 COMMERCIAL BUILDING 52
7.2.1 COMMERCIAL BUILDINGS SUCH AS OFFICES, HOSPITALITY, AND RETAIL TO DRIVE THE DEMAND FOR VAV BOX 52
7.2.2 OFFICE 52
7.2.3 WAREHOUSE 52
7.2.4 HOSPITALITY 53
7.2.5 RETAIL 53
7.2.6 OTHERS 53
7.3 INDUSTRIAL BUILDING 54
7.3.1 INCREASING INDUSTRIAL CONSTRUCTION IN APAC TO DRIVE THE DEMAND FOR VAV BOX 54
7.4 RESIDENTIAL BUILDING 55
7.4.1 HIGH NUMBER OF RESIDENTIAL PROPERTIES IN MEA DRIVES THE USE
OF VAV BOX IN RESIDENTIAL BUILDINGS 55

8 VAV BOX MARKET, BY REGION 57
8.1 INTRODUCTION 58
8.2 NORTH AMERICA 61
8.2.1 US 64
8.2.1.1 Strong demand for residential and non-residential construction to drive the VAV box market 64
8.2.2 CANADA 64
8.2.2.1 Increasing demand for green buildings to drive the country’s VAV box market 64
8.2.3 MEXICO 65
8.2.3.1 Increasing infrastructure development to drive the VAV box market 65
8.3 MIDDLE EAST & AFRICA 66
8.3.1 UAE 69
8.3.1.1 Investment in new construction projects to drive the demand of VAV box 69
8.3.2 SAUDI ARABIA 70
8.3.2.1 Growing residential and commercial infrastructure will create a huge impact on the VAV box market 70
8.3.3 NIGERIA 71
8.3.3.1 Government efforts on developing the country’s infrastructure will lead to the demand for VAV box 71
8.3.4 REST OF MIDDLE EAST & AFRICA 71
8.4 APAC 72
8.4.1 CHINA 75
8.4.1.1 Growing HVAC market to drive the demand for VAV box 75
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8.4.2 JAPAN 76
8.4.2.1 Increasing commercial, industrial, and hospitality construction
to drive the VAV box market 76
8.4.3 INDIA 77
8.4.3.1 The rapidly growing construction industry is expected to drive VAV box demand 77
8.4.4 SOUTH KOREA 77
8.4.4.1 Commercial building is estimated to dominate the VAV box market
in South Korea 77
8.4.5 INDONESIA 78
8.4.5.1 Infrastructure initiatives by the Indonesian government to drive
the VAV box demand in the country 78
8.4.6 REST OF APAC 79
8.5 EUROPE 79
8.5.1 GERMANY 83
8.5.1.1 Growing industrial construction is expected to drive the
VAV box market 83
8.5.2 UK 84
8.5.2.1 The presence of strong commercial real estate will drive the
VAV box market 84
8.5.3 FRANCE 84
8.5.3.1 Growing construction and hospitality industry to drive the
VAV box market 84
8.5.4 RUSSIA 85
8.5.4.1 Growth of overall construction industry will drive the VAV box market in the country 85
8.5.5 TURKEY 86
8.5.5.1 Growth in the construction of office buildings to drive the VAV box market 86
8.5.6 REST OF EUROPE 86
8.6 SOUTH AMERICA 87
8.6.1 BRAZIL 90
8.6.1.1 Promotion of energy-efficient systems in the country will lead to
the demand of VAV box and systems 90
8.6.2 ARGENTINA 91
8.6.2.1 Increased government intervention and aid of IMF to promote
the construction industry in the country 91
8.6.3 REST OF SOUTH AMERICA 92
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9 COMPETITIVE LANDSCAPE 93
9.1 INTRODUCTION 93
9.2 MARKET RANKING OF VAV BOX MANUFACTURERS 93
9.3 COMPETITIVE SITUATION & TRENDS 94
9.3.1 EXPANSION 94
9.3.2 NEW PRODUCT DEVELOPMENT 94
9.3.3 MERGER & ACQUISITION 95
9.3.4 JOINT VENTURE 95

10 COMPANY PROFILES 96
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 INGERSOLL RAND PLC 96
10.2 JOHNSON CONTROLS 99
10.3 TROX GMBH 103
10.4 SPECTRUM INDUSTRIES 106
10.5 UNITED TECHNOLOGIES CORPORATION 108
10.6 HONEYWELL INTERNATIONAL INC. 112
10.7 DAIKIN INDUSTRIES, LTD. 114
10.8 SIEMENS AG 116
10.9 SYSTEMAIR AB 118
10.10 BARCOL-AIR 120
10.11 ADDITIONAL COMPANY PROFILES 121
10.11.1 HALTON GROUP 121
10.11.2 ADVANCED AIR (UK) LTD 121
10.11.3 WATERLOO AIR PRODUCTS PLC 121
10.11.4 AIR MASTER EQUIPMENTS EMIRATES LLC 121
10.11.5 KAD AIRCONDITIONING 122
10.11.6 EB AIR CONTROL INC. 122
10.11.7 DYNACRAFT AIR CONTROLS 122
10.11.8 BES-TECH, INC. 122
10.11.9 METAL INDUSTRIES INC. 123
10.11.10 BEYOND & BROTHERS DEVELOPMENT CO LTD 123
10.11.11 KBE 123
10.11.12 PROLON 123
10.11.13 BETEC CAD 124
10.11.14 JCC COOLING 124
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
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11 APPENDIX 125
11.1 DISCUSSION GUIDE 125
11.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 129
11.3 VAILABLE CUSTOMIZATIONS 131
11.4 RELATED REPORTS 131
11.5 AUTHOR DETAILS 132



List of Figures




FIGURE 1 VAV BOX MARKET: RESEARCH DESIGN 19
FIGURE 2 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 23
FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 23
FIGURE 4 VAV BOX MARKET: DATA TRIANGULATION 24
FIGURE 5 SINGLE-DUCT VAV WAS THE LARGEST SEGMENT IN 2018 26
FIGURE 6 COMMERCIAL BUILDING TO BE THE FASTEST-GROWING APPLICATION OF VAV BOX 27
FIGURE 7 APAC WAS THE LARGEST MARKET FOR VAV BOX IN 2018 28
FIGURE 8 GROWING COMMERCIAL BUILDING ACTIVITIES TO DRIVE THE MARKET DURING THE FORECAST PERIOD 29
FIGURE 9 APAC TO BE THE FASTEST-GROWING MARKET BETWEEN 2019 AND 2024 30
FIGURE 10 VAV BOX MARKET TO REGISTER HIGH GROWTH IN DEVELOPING NATIONS 30
FIGURE 11 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES GOVERNING
THE VAV BOX MARKET 31
FIGURE 12 VAV BOX MARKET: SUPPLY CHAIN ANALYSIS 34
FIGURE 13 VAV BOX MARKET: COMPONENT COST BREAKUP 35
FIGURE 14 VAV BOX MARKET: SALES CHANNEL BREAKUP 36
FIGURE 15 VAV BOX MARKET: NEW CONSTRUCTION VS RETROFIT 37
FIGURE 16 VAV BOX MARKET: PORTER’S FIVE FORCES ANALYSIS 38
FIGURE 17 SINGLE-DUCT VAV TO BE THE LARGEST SEGMENT IN THE OVERALL VAV BOX MARKET 44
FIGURE 18 NORTH AMERICA TO BE THE LARGEST MARKET FOR SINGLE-DUCT VAV 45
FIGURE 19 NORTH AMERICA TO BE THE LARGEST MARKET FOR FAN-POWERED VAV 47
FIGURE 20 APAC PROJECTED TO BE THE FASTEST-GROWING MARKET FOR DUAL-DUCT VAV 48
FIGURE 21 NORTH AMERICA IS THE LARGEST MARKET FOR INDUCTION VAV 49
FIGURE 22 COMMERCIAL BUILDINGS TO BE DOMINANT USER OF VAV BOX 51
FIGURE 23 NORTH AMERICA TO BE THE LARGEST MARKET IN THE COMMERCIAL
BUILDING SEGMENT 53
FIGURE 24 APAC TO WITNESS HIGHEST GROWTH IN THE INDUSTRIAL BUILDING SEGMENT 54
FIGURE 25 MIDDLE EAST & AFRICA TO BE THE LARGEST MARKET FOR VAV BOX IN RESIDENTIAL BUILDING SEGMENT 55
FIGURE 26 VAV BOX MARKET REGIONAL SNAPSHOT 58
FIGURE 27 NORTH AMERICA MARKET SNAPSHOT: MEXICO IS THE FASTEST GROWING MARKET 61
FIGURE 28 MIDDLE EAST & AFRICA MARKET SNAPSHOT: UAE IS THE LARGEST AND FASTEST-GROWING MARKET 67
FIGURE 29 APAC SNAPSHOT: INDIA IS THE FASTEST-GROWING MARKET 73
FIGURE 30 EUROPE MARKET SNAPSHOT: FRANCE IS THE FASTEST-GROWING MARKET 80
FIGURE 31 SOUTH AMERICA MARKET SNAPSHOT: ARGENTINA IS THE FASTEST GROWING MARKET 88
FIGURE 32 MARKET RANKING OF KEY PLAYERS IN 2018 93
FIGURE 33 INGERSOLL RAND PLC: COMPANY SNAPSHOT 96
FIGURE 34 INGERSOLL RAND PLC: SWOT ANALYSIS 98
FIGURE 35 JOHNSON CONTROLS: COMPANY SNAPSHOT 99
FIGURE 36 JOHNSON CONTROLS: SWOT ANALYSIS 101
FIGURE 37 TROX GMBH: SWOT ANALYSIS 104
FIGURE 38 SPECTRUM INDUSTRIES: SWOT ANALYSIS 107
FIGURE 39 UNITED TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT 108
FIGURE 40 UNITED TECHNOLOGIES CORPORATION: SWOT ANALYSIS 111
FIGURE 41 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 112
FIGURE 42 DAIKIN INDUSTRIES, LTD.: COMPANY SNAPSHOT 114
FIGURE 43 SIEMENS AG: COMPANY SNAPSHOT 116
FIGURE 44 SYSTEMAIR AB: COMPANY SNAPSHOT 118

 

List of Tables




TABLE 1 TRENDS AND FORECAST OF GDP AT COUNTRY LEVEL, USD BILLION (2017-2024) 40
TABLE 2 COUNTRIES ENGAGING IN MORE THAN 60% GREEN PROJECTS (2018 AND 2021) 41
TABLE 3 TRENDS AND FORECAST OF THE CONSTRUCTION INDUSTRY, BY COUNTRY 2014–2021 (USD BILLION) 42
TABLE 4 VAV BOX MARKET SIZE, BY TYPE , 2017–2024 (USD MILLION) 44
TABLE 5 FAN-POWERED VAV MARKET SIZE, BY SUB-TYPE , 2017–2024 (USD MILLION) 44
TABLE 6 SINGLE-DUCT VAV MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 45
TABLE 7 FAN-POWERED VAV MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 47
TABLE 8 DUAL-DUCT VAV MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 48
TABLE 9 INDUCTION VAV MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 49
TABLE 10 VAV BOX MARKET SIZE, BY APPLICATION , 2017–2024 (USD MILLION) 51
TABLE 11 VAV BOX MARKET SIZE IN COMMERCIAL BUILDING, BY SUB-APPLICATION 2017–2024 (USD MILLION) 52
TABLE 12 VAV BOX MARKET SIZE IN COMMERCIAL BUILDING, BY REGION 2017–2024 (USD MILLION) 54
TABLE 13 VAV BOX MARKET SIZE IN INDUSTRIAL BUILDING, BY REGION 2017–2024 (USD MILLION) 55
TABLE 14 VAV BOX MARKET SIZE IN RESIDENTIAL BUILDING, BY REGION 2017–2024 (USD MILLION) 56
TABLE 15 VAV BOX MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 58
TABLE 16 VAV BOX MARKET SIZE, BY REGION, 2017–2024 (THOUSAND UNITS) 59
TABLE 17 VAV BOX MARKET SIZE, BY TYPE, 2017–2014 (USD MILLION) 59
TABLE 18 FAN-POWERED VAV MARKET SIZE, BY SUB-TYPE, 2017–2024 (USD MILLION) 59
TABLE 19 VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 60
TABLE 20 VAV BOX MARKET SIZE IN COMMERCIAL BUILDING, BY SUB-APPLICATION 2017–2024 (USD MILLION) 60
TABLE 21 NORTH AMERICA: VAV BOX MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 62
TABLE 22 NORTH AMERICA: VAV BOX MARKET SIZE, BY REGION 2017–2024 (THOUSAND UNITS) 62
TABLE 23 NORTH AMERICA: VAV BOX MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION) 62
TABLE 24 NORTH AMERICA: FAN-POWERED VAV MARKET SIZE, BY SUB-TYPE 2017–2024 (USD MILLION) 62
TABLE 25 NORTH AMERICA: VAV BOX MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 63
TABLE 26 NORTH AMERICA: VAV BOX MARKET SIZE IN COMMERCIAL BUILDING BY SUB-APPLICATION, 2017–2024 (USD MILLION) 63
TABLE 27 US: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 64
TABLE 28 CANADA: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 65
TABLE 29 MEXICO: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 65
TABLE 30 MIDDLE EAST & AFRICA: VAV BOX MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 67
TABLE 31 MIDDLE EAST & AFRICA: VAV BOX MARKET SIZE, BY COUNTRY 2017–2024 (THOUSAND UNITS) 68
TABLE 32 MIDDLE EAST & AFRICA: VAV BOX MARKET SIZE, BY TYPE 2017–2024 (USD MILLION) 68
TABLE 33 MIDDLE EAST & AFRICA: FAN-POWERED VAV MARKET SIZE, BY SUB-TYPE 2017–2024 (USD MILLION) 68
TABLE 34 MIDDLE EAST & AFRICA: VAV BOX MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 69
TABLE 35 MIDDLE EAST & AFRICA: VAV BOX MARKET SIZE COMMERCIAL BULDING BY SUB-APPLICATION, 2017–2024 (USD MILLION) 69
TABLE 36 UAE: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 70
TABLE 37 SAUDI ARABIA: VAV BOX MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 70
TABLE 38 NIGERIA: VAV MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 71
TABLE 39 REST OF MIDDLE EAST & AFRICA: VAV BOX MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 71
TABLE 40 APAC: VAV BOX MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION) 73
TABLE 41 APAC: VAV BOX MARKET SIZE, BY COUNTRY, 2017–2024 (THOUSAND UNITS) 74
TABLE 42 APAC: VAV BOX MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION) 74
TABLE 43 APAC: FAN-POWERED VAV MARKET SIZE, BY SUB-TYPE 2017–2024 (USD MILLION) 74
TABLE 44 APAC: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 75
TABLE 45 APAC: VAV BOX MARKET SIZE IN COMMERCIAL BUILDING, BY SUB-APPLICATION, 2017–2024 (USD MILLION) 75
TABLE 46 CHINA: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 76
TABLE 47 JAPAN: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 76
TABLE 48 INDIA: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 77
TABLE 49 SOUTH KOREA: VAV BOX MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 78
TABLE 50 INDONESIA: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 78
TABLE 51 REST OF APAC: VAV BOX MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 79
TABLE 52 EUROPE: VAV BOX MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 81
TABLE 53 EUROPE: VAV BOX MARKET SIZE, BY REGION, 2017–2024 (THOUSAND UNITS) 81
TABLE 54 EUROPE: VAV BOX MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION) 82
TABLE 55 EUROPE: FAN-POWERED VAV MARKET SIZE, BY SUB-TYPE 2017–2024 (USD MILLION) 82
TABLE 56 EUROPE: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 82
TABLE 57 EUROPE: VAV BOX MARKET SIZE IN COMMERCIAL BUILDING, BY SUB-APPLICATION, 2017–2024 (USD MILLION) 82
TABLE 58 GERMANY: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 83
TABLE 59 UK: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 84
TABLE 60 FRANCE: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 85
TABLE 61 RUSSIA: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 85
TABLE 62 TURKEY: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 86
TABLE 63 REST OF WESTERN EUROPE: VAV BOX MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 86
TABLE 64 REST OF CENTRAL & EASTERN EUROPE: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 87
TABLE 65 SOUTH AMERICA: VAV BOX MARKET SIZE, BY COUNTRY 2017–2024 (USD MILLION) 88
TABLE 66 SOUTH AMERICA: VAV BOX MARKET SIZE, BY COUNTRY 2017-2024 (THOUSAND UNITS) 89
TABLE 67 SOUTH AMERICA: VAV BOX MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION) 89
TABLE 68 SOUTH AMERICA: FAN-POWERED VAV MARKET SIZE, BY SUB-TYPE 2017-2024 (USD MILLION) 89
TABLE 69 SOUTH AMERICA: VAV BOX MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 90
TABLE 70 SOUTH AMERICA: VAV BOX MARKET SIZE IN COMMERCIAL BUILDING, BY SUB-APPLICATION, 2017–2024 (USD MILLION) 90
TABLE 71 BRAZIL: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 91
TABLE 72 ARGENTINA: VAV BOX MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION) 91
TABLE 73 REST OF SOUTH AMERICA: VAV BOX MARKET SIZE, BY APPLICATION 2017–2024 (USD MILLION) 92
TABLE 74 EXPANSION, 2014–2019 94
TABLE 75 NEW PRODUCT DEVELOPMENT, 2014–2019 94
TABLE 76 MERGER & ACQUISITION, 2014–2019 95
TABLE 77 JOINT VENTURE, 2014–2019 95