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Global Air Handling Unit Market (AHU) by Type (Custom, DX Integrated, Low Profile), Effect (Double Effect, Single Effect), Application, Capacity - Forecast 2023-2030

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    Report

  • 181 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 5888356
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The Air Handling Unit Market size was estimated at USD 13.01 billion in 2022, USD 13.75 billion in 2023, and is expected to grow at a CAGR of 6.05% 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.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Air Handling Unit Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis 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: 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 examination of the current state of vendors in the Air Handling Unit Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. 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 this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Air Handling Unit Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Air Handling Unit Market?
  3. What are the technology trends and regulatory frameworks in the Air Handling Unit Market?
  4. What is the market share of the leading vendors in the Air Handling Unit Market?
  5. Which modes and strategic moves are suitable for entering the Air Handling Unit Market?

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This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Air Handling Unit Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rising Urbanization Leading to Increased Use of Air Conditioning
5.1.1.2. Surging Demand from Food & Beverages, Pharmaceutical, and Chemical Industries
5.1.1.3. Growing Demand for Energy-Efficient Solutions
5.1.2. Restraints
5.1.2.1. Concerns Associated with the Mechanical Operations and Need for Periodic Maintenance
5.1.3. Opportunities
5.1.3.1. Rapid Adoption of IoT Technologies within Air Handling Units
5.1.3.2. Innovations and Developments of AHUs in Commercial and Residential Applications
5.1.4. Challenges
5.1.4.1. Volatility in the Raw Material Prices and High Cost of the Installations
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
5.8. Client Customization
6. Air Handling Unit Market, by Type
6.1. Introduction
6.2. Custom
6.3. DX Integrated
6.4. Low Profile
6.5. Modular
6.6. Packaged
6.7. Rooftop Mounted
7. Air Handling Unit Market, by Effect
7.1. Introduction
7.2. Double Effect
7.3. Single Effect
8. Air Handling Unit Market, by Application
8.1. Introduction
8.2. Commercial
8.3. Residential
9. Air Handling Unit Market, by Capacity
9.1. Introduction
9.2. 15,001 - 30,000 m3/h
9.3. 30,001 - 50,000 m3/h
9.4. 5,001 - 15,000 m3/h
9.5. =5,000 m3/h
9.6. =50,001 m3/h
10. Americas Air Handling Unit Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Air Handling Unit Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Air Handling Unit Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Merger & Acquisition
13.3.1.1. Daikin Applied Acquires US AHU Manufacturer
13.3.2. Agreement, Collaboration, & Partnership
13.3.2.1. Khansaheb Industries Sign Distribution Agreement with LG Electronics for UAE HVAC Units
13.3.3. New Product Launch & Enhancement
13.3.3.1. Daikin Announces Modular T Air Handling Unit
13.3.4. Investment & Funding
13.3.4.1. Daikin India Sets Up Third R&D Centre with INR 500 Crore Investment
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Aaon, Inc.
14.1.2. ABB Group
14.1.3. Airedale International Air Conditioning Ltd. by Modine
14.1.4. Armcor Air Solutions
14.1.5. Beijing Holtop Air Conditioning Co., Ltd.
14.1.6. Blue Star Limited
14.1.7. C.I. Group Public Company Limited
14.1.8. Carrier Global Corporation
14.1.9. Casilica
14.1.10. Clima Tech Airconditioners GmbH
14.1.11. Cubix Automation Pvt. Ltd.
14.1.12. Daikin Industries, Ltd.
14.1.13. Danfoss A/S
14.1.14. Desiccant Rotors International Pvt. Ltd
14.1.15. Dunham Bush
14.1.16. ETS Nord AS
14.1.17. Eurotherm S.p.A.
14.1.18. Finpower Aircon Systems Pvt Ltd
14.1.19. Fischbach GmbH
14.1.20. FläktGroup Holding GmbH
14.1.21. Grundfos Holding A/S
14.1.22. Heinen & Hopman Engineering BV
14.1.23. Johnson Controls International PLC
14.1.24. Klima Global
14.1.25. Lennox International Inc.
14.1.26. LG Electronics inc.
14.1.27. Munters AB
14.1.28. Nanjing TICA Environmental Technology Co., Ltd.
14.1.29. Novenco Building & Industry A/S
14.1.30. Panasonic Holdings Corporation
14.1.31. Rosenberg Ventilatoren GmbH
14.1.32. Sabiana S.p.A
14.1.33. Stulz GmbH
14.1.34. Swegon Group AB
14.1.35. Systemair AB
14.1.36. Trane Technologies PLC
14.1.37. TROX GmbH
14.1.38. VTS Group
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
List of Figures
FIGURE 1. AIR HANDLING UNIT MARKET RESEARCH PROCESS
FIGURE 2. AIR HANDLING UNIT MARKET SIZE, 2022 VS 2030
FIGURE 3. AIR HANDLING UNIT MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. AIR HANDLING UNIT MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. AIR HANDLING UNIT MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. AIR HANDLING UNIT MARKET DYNAMICS
FIGURE 7. AIR HANDLING UNIT MARKET SIZE, BY TYPE, 2022 VS 2030 (%)
FIGURE 8. AIR HANDLING UNIT MARKET SIZE, BY TYPE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. AIR HANDLING UNIT MARKET SIZE, BY EFFECT, 2022 VS 2030 (%)
FIGURE 10. AIR HANDLING UNIT MARKET SIZE, BY EFFECT, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. AIR HANDLING UNIT MARKET SIZE, BY APPLICATION, 2022 VS 2030 (%)
FIGURE 12. AIR HANDLING UNIT MARKET SIZE, BY APPLICATION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. AIR HANDLING UNIT MARKET SIZE, BY CAPACITY, 2022 VS 2030 (%)
FIGURE 14. AIR HANDLING UNIT MARKET SIZE, BY CAPACITY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS AIR HANDLING UNIT MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 16. AMERICAS AIR HANDLING UNIT MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES AIR HANDLING UNIT MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 18. UNITED STATES AIR HANDLING UNIT MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC AIR HANDLING UNIT MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC AIR HANDLING UNIT MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA AIR HANDLING UNIT MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA AIR HANDLING UNIT MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 23. AIR HANDLING UNIT MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 24. AIR HANDLING UNIT MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • 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
  • VTS Group

Methodology

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Table Information