Air Handling Units Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Air Handling Units Market
The air handling units market size was valued at USD 2.55 billion in 2021, and the market is now projected to grow from USD 2.88 billion in 2022 to USD 4.31 billion by 2029, exhibiting a CAGR of 5.1% during the forecast period of 2022-2029.
Pandemic interrupted market growth by long stay at home and factory shutdowns for long periods affecting production and availability of raw materials. Net sales of Carrier Corporation in US have reduced from 2019 to 2020 by -6.2%. But increasing consumption in the residential as well as commercial buildings may fuel the air handler market in the future years.
Global growth in construction activities and a growing population that is turning urban are expected to boost demand for air handlers in the future. Currently, 55% of the population of the developed world is in urban regions hence commercial and residential projects will grow to 68% in 2050. Other factors include; government policies which encourage sustainability in infrastructure, and increased consciousness of the quality of air that needs to be provided in commercial and industrial zones.
Key players are stepping up development of AHU systems with artificial intelligence, IoT, and sensors to up market dynamic. Still, Trox GmbH’s X-Cube AHU and Zeco Aircon’s Smart AHU provide energy-efficient, remotely manager for a myriad of uses. Data collection for efficiency improvements is another important trend observed in the framework of IoT-based systems, which define further development in the market.
Comprehensive Analysis of Air Handling Units Market
The air handling units market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by type analysis, by business type analysis, by capacity analysis, and by end-user analysis. By type analysis include packaged, modular, custom, and rooftop mounted. By business type analysis include new equipment and aftermarket. By capacity analysis include less than 5,000 M3/h, 5,001 to 15,000 M3/h, 15,001 to 30,000 M3/h, and more than 30,000 M3/h. By end-user analysis include residential, commercial, and industrial.
The Asia Pacific region lead the air handling units market share by benefitting a market size of USD 4.57 billion in 2021 due to rising construction related activities.
The top players have a significant responsibility in the machinery and equipment industry for confirming industrial prospectus growth and determining the market trends. These players include, Daikin Industries Ltd, Carrier, Trane Technologies Plc, Johnson Controls International Plc, Systemair AB, LG Electronics, Lennox International Inc, Munters AB, Investment AB Latour (Publ) (Swegon Group AB), Trox GmbH these market players provide a level-playing competitive landscape.
In February 2022, Salda UAB introduced the Amber Air Compact S-CX air handler system, featuring easy installation, energy efficiency, and durable material coating for commercial and industrial use.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2018 – 2029
Base Year 2021
Estimated Year 2022
Forecast Period 2022 – 2029
Historical Period 2018 – 2020
Unit Value (USD billion)
Segmentation By Type, Business Type, Capacity, End-user, and Region
By Type Packaged
Modular
Custom
Rooftop Mounted
By Business Type New Equipment
Aftermarket
By Capacity Less than 5,000 M3/h
5,001 M3/h – 15,000 M3/h
15,001 M3/h - 30,000 M3/h
More than 30,000 M3/h
By End-user Residential
Commercial
Industrial
By Region North America (Type, Business Type, Capacity, End-user, and Country)
U.S. (By Type)
Canada (By Type)
Mexico (By Type)
Europe (Type, Business Type, Capacity, End-user, and Country)
Germany (By Type)
U.K. (By Type)
France (By Type)
Italy (By Type)
Rest of Europe
Asia Pacific (Type, Business Type, Capacity, End-user, and Country)
China (By Type)
Japan (By Type)
India (By Type)
South Korea (By Type)
Rest of Asia Pacific
Middle East and Africa (Type, Business Type, Capacity, End-user, and Country)
GCC Countries (By Type)
South Africa (By Type)
Rest of Middle East and Africa
South America (Type, Business Type, Capacity, End-user, and Country)
Brazil (By Type)
Argentina (By Type)
Rest of South America
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