Air Handling Unit Market (AHU) by Type (Custom, DX Integrated, Low Profile), Effect (Double Effect, Single Effect), Application, Capacity - Global Forecast 2024-2030

Air Handling Unit Market (AHU) by Type (Custom, DX Integrated, Low Profile), Effect (Double Effect, Single Effect), Application, Capacity - Global Forecast 2024-2030

The Air Handling Unit Market size was estimated at USD 13.75 billion in 2023 and expected to reach USD 14.56 billion in 2024, at a CAGR 6.10% to reach USD 20.82 billion by 2030.

An air handling unit (AHU), a component of an HVAC system, controls and circulates the air. It provides clean, healthy air for people in the environment by controlling temperature, humidity levels, airborne contaminants, and airflow. AHUs can also reduce energy costs by providing efficient ventilation and conditioning of the air in the space. The global air handling unit market is rising due to increasing urbanization and encouraging product demand from various industries, particularly the food & beverages and pharmaceutical and chemical industries. Concerns associated with mechanical operations, periodic maintenance, and the high energy use of AHU are impeding product penetration. However, market players consistently offer energy-efficient solutions while focusing on adopting IoT technology within AHUs and innovations in commercial and residential applications to expand the customer base. AHUs primarily have high efficiency and low noise levels and are highly customizable with optional features such as heat recovery systems or variable speed drives. They are also being introduced in compact models, which provide small footprints for easy installation in cramped spaces.

Regional Insights

The Americas region represents an overgrowing AHU market attributed to increasing industrialization with rising air ventilation system demand. Stringent government regulations for the safety of manufacturing sectors with the incorporation of proper indoor air quality also accelerate the need for AHUs. The expansion of corporate spaces and data centers is proliferating the establishment of HVAC systems in the APAC region, driving the demand for air handling units. China, Japan, India, South Korea, and other countries have the presence of many regional players offering a wide range of AHUs with innovative features and energy-efficiency technologies that meet the requirements of residential and commercial applications. The expanding industrial and manufacturing sectors with high involvement of clean and safe air ventilation requirements promote the demand for air handling units market in the EMEA region. Increasing industrialization and industrial production in the major markets, including Germany, Italy, France, the United Kingdom, Russia, Spain, and the Netherlands, have encouraged the demand for advanced and energy-efficient AHUs. The European region has the presence of well-established players with strong footholds, offering specialized products for specific industries or applications.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Air Handling Unit Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Rising Urbanization Leading to Increased Use of Air Conditioning
    • Surging Demand from Food & Beverages, Pharmaceutical, and Chemical Industries
    • Growing Demand for Energy-Efficient Solutions
    • Market Restraints
      • Concerns Associated with the Mechanical Operations and Need for Periodic Maintenance
      • Market Opportunities
        • Rapid Adoption of IoT Technologies within Air Handling Units
        • Innovations and Developments of AHUs in Commercial and Residential Applications
        • Market Challenges
          • Volatility in the Raw Material Prices and High Cost of the Installations
          • Market Segmentation Analysis
            • Type: Substantial adoption of modular AHUs driven by their adaptability, efficiency, and the growing emphasis on sustainable building practices
            • Application: Increasing adoption of AHUs in the commercial sector driven by increasing emphasis on energy efficiency and indoor air quality
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Air Handling Unit Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Air Handling Unit Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Daikin Applied Acquires US AHU Manufacturer
              
              Daikin Applied acquired Alliance Air Products, a single supplier for end-to-end HVAC solutions, enhancing time to delivery and productivity while lowering lifecycle costs. Daikin Applied and Alliance Air Products aimed to address the requirements of the booming data center industry with chiller-to-computer room air-handler systems.
              
              Khansaheb Industries Sign Distribution Agreement with LG Electronics for UAE HVAC Units
              
              Khansaheb Industries has signed a distribution agreement with LG Electronics for UAE HVAC units. Through this partnership, customers now have access to cutting-edge technology and higher-quality products which is expected to further drive competition and innovation within the air conditioning industry.
              
              Daikin India Sets Up Third R&D Centre with INR 500 Crore Investment
              
              Daikin India has announced the opening of its third R&D center in India. The new center is set up with an investment of Rs 500 crores and focussed on innovation in the air handling unit sector. It is expected to provide greater access to cutting-edge technology for Daikin’s customers across India and create employment opportunities for locals.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Air Handling Unit Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Air Handling Unit Market, highlighting leading vendors and their innovative profiles. These include Aaon, Inc., ABB Group, Airedale International Air Conditioning Ltd. by Modine, Armcor Air Solutions, Beijing Holtop Air Conditioning Co., Ltd., Blue Star Limited, C.I. Group Public Company Limited, Carrier Global Corporation, Casilica, Clima Tech Airconditioners GmbH, Cubix Automation Pvt. Ltd., Daikin Industries, Ltd., Danfoss A/S, Desiccant Rotors International Pvt. Ltd, Dunham Bush, ETS Nord AS, Eurotherm S.p.A., Finpower Aircon Systems Pvt Ltd, Fischbach GmbH, FläktGroup Holding GmbH, Grundfos Holding A/S, Heinen & Hopman Engineering BV, Johnson Controls International PLC, Klima Global, Lennox International Inc., LG Electronics inc., Munters AB, Nanjing TICA Environmental Technology Co., Ltd., Novenco Building & Industry A/S, Panasonic Holdings Corporation, Rosenberg Ventilatoren GmbH, Sabiana S.p.A, Stulz GmbH, Swegon Group AB, Systemair AB, Trane Technologies PLC, TROX GmbH, and VTS Group.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Air Handling Unit Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Type
              • Custom
              • DX Integrated
              • Low Profile
              • Modular
              • Packaged
              • Rooftop Mounted
              • Effect
                • Double Effect
                • Single Effect
                • Application
                  • Commercial
                  • Residential
                  • Capacity
                    • 15,001 – 30,000 m3/h
                    • 30,001 – 50,000 m3/h
                    • 5,001 – 15,000 m3/h
                    • ≤5,000 m3/h
                    • ≥50,001 m3/h
                    • Region
                      • Americas
                        • Argentina
                        • Brazil
                        • Canada
                        • Mexico
                        • United States
                          • California
                          • Florida
                          • Illinois
                          • New York
                          • Ohio
                          • Pennsylvania
                          • Texas
                          • Asia-Pacific
                            • Australia
                            • China
                            • India
                            • Indonesia
                            • Japan
                            • Malaysia
                            • Philippines
                            • Singapore
                            • South Korea
                            • Taiwan
                            • Thailand
                            • Vietnam
                            • Europe, Middle East & Africa
                              • Denmark
                              • Egypt
                              • Finland
                              • France
                              • Germany
                              • Israel
                              • Italy
                              • Netherlands
                              • Nigeria
                              • Norway
                              • Poland
                              • Qatar
                              • Russia
                              • Saudi Arabia
                              • South Africa
                              • Spain
                              • Sweden
                              • Switzerland
                              • Turkey
                              • United Arab Emirates
                              • United Kingdom
                              
                              
                              Please Note: PDF & Excel + Online Access - 1 Year