Air Handling Units (AHU) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The air handling units (AHU) market is expected to register a CAGR of 6.08 % over the forecast period. Air handling units can be applied in a wide range of locations and building types, such as shopping centers, industrial facilities, warehouses, etc. They are part of a larger HVAC system that ensures that a building has proper climate control with heating and cooling along with the necessary air pressure and air quality to make the occupants in the building comfortable and safe.
Key HighlightsThe competitive rivalry in the AHU market is high, as the market comprises many large vendors that command a prominent market share besides having access to well-established distribution networks.
Many manufacturers are focusing on energy efficiency as one of the key concerns. For instance, in October 2022, Johnson Controls launched a newly redesigned line of air handlers to improve comfort, increase energy savings, and meet DOE 2023 efficiency standards when matched to new outdoor condensers by Johnson Controls brands.
Major vendors in the market studied are involved in both M&A activities and partnerships to gain higher penetration and market share. For instance, in November 2022, Trane Technologies acquired AL-KO Air Technology, a division of AL-KO SE based in Jettingen-Scheppach, Germany. AL-KO Air Technology designs, manufactures, sells, and services a wide range of sustainable air handling units and extraction systems for applications in diverse markets, such as pharmaceutical, healthcare, industrial processes, retail, recreation, and commercial buildings.
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