Global Air Handling Unit Market
Global Air Handling Unit Market By Product (Packaged rooftop Air Handling Units, Modular Air Handling Units, Custom Air Handling Units), By Effect (Single effect, Double effect) By Capacity (Up to 5000 m3/Hr, 5000 m3/Hr-15000 m3/Hr, Above 15000 m3/Hr), By Application (Industrial, Residential, Commercial) And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2020 to 2032
The global Air Handling Unit market was valued at $12.25 Billion in 2022 and is anticipated to grow at a CAGR of 6.98% from 2023 to 2033. This growth is attributed to several macro and microeconomic factors such as
Rising urbanization and construction activityThe rapid growth of cities and towns, known as urbanization, is a major force propelling the Air Handling Unit (AHU) market. As urban populations swell, the demand for new residential and commercial buildings soars, necessitating the installation of AHUs to provide essential ventilation and climate control. This trend is further amplified by the increasing focus on high-rise development in urban centers, where efficient HVAC systems are crucial for managing temperature and air quality in multi-story buildings. Furthermore, rising awareness of the impact of poor indoor air quality (IAQ) on health and well-being is fueling the demand for AHUs equipped with advanced filtration systems. These systems help create healthier and more comfortable indoor environments by removing pollutants, allergens, and other contaminants. Additionally, stricter building regulations in urban areas are mandating energy efficiency and sustainability, prompting the development of AHUs with features like variable frequency drives (VFDs) and heat recovery systems. These technologies help meet regulatory requirements while reducing energy consumption. Finally, the growth of specific industries concentrated in urban areas, such as healthcare, data centers, and laboratories, is creating a demand for specialized AHUs designed to meet their unique temperature and humidity control requirements. Therefore, rising urbanization and construction activity, combined with the growing need for improved IAQ, energy efficiency, and specialized systems, are key drivers propelling the global Air Handling Unit market towards continued growth and innovation.
Further several factors restraining the market growth include
High Initial Investment CostsThe high initial investment cost of Air Handling Units (AHUs) is a significant barrier to their wider adoption, particularly in developing economies and for small businesses. This cost encompasses the AHU unit itself, installation, maintenance and repairs, and limited financing options. The perceived return on investment (ROI) can be difficult to quantify, further deterring potential buyers. As a consequence, the market penetration of AHUs is restricted, innovation is discouraged, competition from alternative systems increases, and overall market growth stagnates. To address this challenge, manufacturers and stakeholders can implement various strategies. These include developing cost-effective AHUs, offering financing options, highlighting long-term benefits, promoting government incentives, developing standardized models, and encouraging competition. By tackling the high initial investment cost barrier, the AHU market can expand its reach, attract a more diverse customer base, and achieve long-term sustainable growth.
The Integration of IoT and Automation and collaborations and alliances in the Air Handling Unit market are expected to generate higher avenues during the forecast period.
In the wake of the COVID-19 pandemic, supply chain disruptions have led to supply shortages or lower demand in the Air Handling Unit market. The pandemic has caused a decline in new orders and a corresponding decrease in production.
This section will analyze how COVID-19 has impacted supply chains, leading to shortages and lower demand for Air Handling Unit.
In terms of COVID-19 impact, the Air Handling Unit market report also includes the following data points:Impact on Air Handling Unit market size
Operating Weights Trend, Preferences, and Budget Impact
Regulatory Framework/Outdoor Policies
Key Players' Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in the Air Handling Unit market
Key Insight in the report:The global Air Handling Unit market report covers an executive summary, market dynamics, COVID impact & post-COVID scenario, market size and forecast, competitive intelligence, market positioning, and End Users.
Our report covers extensive competitive intelligence which includes the following data points:Business Overview
Business Segment Data
Financial Data
Product Segment Analysis and Specification
Recent Development and Company Strategy Analysis
SWOT Analysis
Air Handling Unit Market Segmentation:Product
Packaged rooftop Air Handling Units
Modular Air Handling Units
Custom Air Handling Units
Effect
Single effect
Double effect
Capacity
Up to 5000 m3/Hr
5000 m3/Hr-15000 m3/Hr
Above 15000 m3/Hr
Application
Industrial
Residential
Commercial
Region/ Countries Covered:North America
US
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Belgium
Netherlands
Luxembourg
Rest of Europe
Asia Pacific
China
Japan
Australia
India
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of Middle East & Africa
Key Players Analyzed in the Report:SYSTEMAIR AB
Daikin Industries
Trane Inc.
Carrier Corporation
Johnson Control Incorporation
GEA Group
Flakt Group
Lennox International
Sabiana
VTS GROUP