An air handling unit (AHU) market, often referred to as air handler, is a component of the HVAC (heating, ventilating, and air-conditioning) systems used to circulate air throughout the system. The air handling unit is typically designed in a large metal box comprising various components such as fans, filters, heating/cooling elements, silencers, and dampers. The metal box is typically made up of galvanized steel or aluminum alloys in order to ensure better environmental protection. In addition, the AHUs are equipped with joint sealing, weatherproof lids, and others for longer life. The AHUs are connected to the air conditioning system using a ductwork ventilation system which further circulates the conditioned air throughout the application (buildings etc.).
With the rising urbanization and industrialization globally, the demand for air conditioning systems has risen significantly in recent years. Due to further anticipated industrial and urban growth in the emerging countries, the demand for air conditioning systems is expected to grow steadily in the following years. This is estimated to be the prime factor bolstering the AHU market growth. AHU manufacturers design their products depending upon the application. This has led to the emergence of a wide array of products suitable for various end-use applications thereby leading to higher demand. This is another major factor responsible for AHU market growth. Further, due to stringent regulations over the air quality in air conditioning systems, the product evolution in the market is expected to remain strong during the forecast period.
The report titled GlobalAir Handling Units Market- Growth, Share, Opportunities and Competitive Analysis, 2022 - 2030; offers strategic insights into the global air handling units market along with the market size and estimates for the duration 2020 to 2030. The said research study covers an in-depth analysis of multiple market segments based on product types, capacity, applications, and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2020 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.
In order to help strategic decision-makers, the report also includes competitive profiling of the leading AHU manufacturers, market positioning, and key developments. Some of the major players profiled in the report are Carrier Corporation, GEA Heat Exchangers Group, Daikin Industries Ltd., Trane, Inc., Mitsubishi Electric, Johnson Controls, Inc., Systemair Ltd., CIAT Group, Flakt Woods Group, Novenco AS, and others. Other in-depth analysis provided in the report includes:
With the rising number of households and climatic changes, the demand for residential air conditioners is expected to remain strong throughout the forecast period. As a result, the less than 5000m3/hr segment is expected to retain its dominant position in the market throughout the forecast period.
The higher than 15000m3/hr capacity AHU segment is estimated to register the highest growth in the market in the coming years. Similar to the less than 5000m3/hr segment, India, China, and some of the Southeast Asia countries are major drivers for the segment growth. Rising industrialization and commercial construction (especially in the retail sector) is the major factor contributing to the segment growth.
The global air handling units market was dominated, in terms of revenue and adoption, by the commercial segment in 2021. The commercial segment comprises various spaces such as industrial, retail, healthcare, corporate office spaces, and many others. Air conditioning systems have witnessed high adoption across these applications over the past several years. However, with the onset of the COVID-19 pandemic, the commercial end-use segment witnessed reduced demand due to lockdown restrictions and rising adoption of work from home policies. A large number of multi-national organizations have pivoted their management strategy to enable remote working due to health safety reasons. Thereby, the demand from corporate offices and other enterprises segment is expected to reduce in the following years. However, post lockdown restrictions, demand from industrial, retail, and hospitality segments is expected to come back to pre-COVID-19 conditions.
Air handling units having a capacity from 3000m3/hr to more than 15000m3/hr are used across the commercial application sector. With the rising construction activities across the commercial and industrial sectors, the segment is estimated to retain its dominant position in the market throughout the forecast period. Nevertheless, due to the rising adoption of residential air conditioners, the residential segment is projected to register the highest growth in the global air handling units market.
In 2021, the air handling units market worldwide was dominated by the Asia Pacific region. The Asia Pacific region contributed to more than one-third of the total market value generated in 2021. The market here is mainly driven by countries such as China, India, Japan, and other Southeast Asia countries. Rising construction activities across the residential, industrial, and commercial sectors are the prime factor bolstering the air conditioning systems in the region. As a result, the demand for air handling units is highly supported here thereby retaining the dominant position throughout the forecast period. Climatic changes are another significant factor responsible for overall air handling unit market growth worldwide.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
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With the rising urbanization and industrialization globally, the demand for air conditioning systems has risen significantly in recent years. Due to further anticipated industrial and urban growth in the emerging countries, the demand for air conditioning systems is expected to grow steadily in the following years. This is estimated to be the prime factor bolstering the AHU market growth. AHU manufacturers design their products depending upon the application. This has led to the emergence of a wide array of products suitable for various end-use applications thereby leading to higher demand. This is another major factor responsible for AHU market growth. Further, due to stringent regulations over the air quality in air conditioning systems, the product evolution in the market is expected to remain strong during the forecast period.
The report titled GlobalAir Handling Units Market- Growth, Share, Opportunities and Competitive Analysis, 2022 - 2030; offers strategic insights into the global air handling units market along with the market size and estimates for the duration 2020 to 2030. The said research study covers an in-depth analysis of multiple market segments based on product types, capacity, applications, and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2020 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.
In order to help strategic decision-makers, the report also includes competitive profiling of the leading AHU manufacturers, market positioning, and key developments. Some of the major players profiled in the report are Carrier Corporation, GEA Heat Exchangers Group, Daikin Industries Ltd., Trane, Inc., Mitsubishi Electric, Johnson Controls, Inc., Systemair Ltd., CIAT Group, Flakt Woods Group, Novenco AS, and others. Other in-depth analysis provided in the report includes:
Current and future market trends to justify the forthcoming attractive markets within the air handling units and HVAC industry
- Market fuelers, market impediments, and their impact on the market growth
- In-depth competitive environment analysis
- Trailing 1-Year market size data (2020)
- SRC (Segment-Region-Country) Analysis
Capacity Segmentation Analysis
In 2021, the global air handling units market was led by the less than 5000m3/hr capacity AHUs segment. The air handling units within the segment are used in residential air conditioning and other small spaces having low capacity air conditioning systems. Residential air conditioning systems have witnessed strong adoption, especially in India and China, in recent past years.With the rising number of households and climatic changes, the demand for residential air conditioners is expected to remain strong throughout the forecast period. As a result, the less than 5000m3/hr segment is expected to retain its dominant position in the market throughout the forecast period.
The higher than 15000m3/hr capacity AHU segment is estimated to register the highest growth in the market in the coming years. Similar to the less than 5000m3/hr segment, India, China, and some of the Southeast Asia countries are major drivers for the segment growth. Rising industrialization and commercial construction (especially in the retail sector) is the major factor contributing to the segment growth.
The global air handling units market was dominated, in terms of revenue and adoption, by the commercial segment in 2021. The commercial segment comprises various spaces such as industrial, retail, healthcare, corporate office spaces, and many others. Air conditioning systems have witnessed high adoption across these applications over the past several years. However, with the onset of the COVID-19 pandemic, the commercial end-use segment witnessed reduced demand due to lockdown restrictions and rising adoption of work from home policies. A large number of multi-national organizations have pivoted their management strategy to enable remote working due to health safety reasons. Thereby, the demand from corporate offices and other enterprises segment is expected to reduce in the following years. However, post lockdown restrictions, demand from industrial, retail, and hospitality segments is expected to come back to pre-COVID-19 conditions.
Air handling units having a capacity from 3000m3/hr to more than 15000m3/hr are used across the commercial application sector. With the rising construction activities across the commercial and industrial sectors, the segment is estimated to retain its dominant position in the market throughout the forecast period. Nevertheless, due to the rising adoption of residential air conditioners, the residential segment is projected to register the highest growth in the global air handling units market.
In 2021, the air handling units market worldwide was dominated by the Asia Pacific region. The Asia Pacific region contributed to more than one-third of the total market value generated in 2021. The market here is mainly driven by countries such as China, India, Japan, and other Southeast Asia countries. Rising construction activities across the residential, industrial, and commercial sectors are the prime factor bolstering the air conditioning systems in the region. As a result, the demand for air handling units is highly supported here thereby retaining the dominant position throughout the forecast period. Climatic changes are another significant factor responsible for overall air handling unit market growth worldwide.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Air Handling Units market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Air Handling Units market and their expected impact during the forecast period.
Market Segmentation
Product Type
- Packaged
- Modular
- Custom
Capacity
- Less than 5000m3/hr
- 5000m3/hr to 15000m3/hr
- Higher than 15000m3/hr
Application
- Commercial
- Residential
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Air Handling Units market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Air Handling Units market?
- Which is the largest regional market for Air Handling Units market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Air Handling Units market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Air Handling Units market worldwide?
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Table of Contents
1. Preface
2. Executive Summary
3. Air Handling Units Market: Competitive Analysis
4. Air Handling Units Market: Macro Analysis & Market Dynamics
5. Air Handling Units Market: By Product Type, 2020-2030, USD (Million)
6. Air Handling Units Market: By Capacity, 2020-2030, USD (Million)
7. Air Handling Units Market: By Application, 2020-2030, USD (Million)
8. North America Air Handling Units Market, 2020-2030, USD (Million)
9. UK and European Union Air Handling Units Market, 2020-2030, USD (Million)
10. Asia Pacific Air Handling Units Market, 2020-2030, USD (Million)
11. Latin America Air Handling Units Market, 2020-2030, USD (Million)
12. Middle East and Africa Air Handling Units Market, 2020-2030, USD (Million)
13. Company Profile
List of Figures
List of Tables
Companies Mentioned
- Carrier Corporation
- GEA Heat Exchangers Group
- Daikin Industries Ltd.
- Trane Inc.
- Mitsubishi Electric
- Johnson Controls Inc.
- Systemair Ltd.
- CIAT Group
- Flakt Woods Group
- Novenco AS
