Air Handling Units Market Research Report – Forecast to 2030

Air Handling Units Market Research Report: Information by Capacity (Up to 5000 m3/hr, 5000 m3/hr – 10000 m3/hr, 10000m3/hr – 15000 m3/hr, and above 15000 m3/hr), by Effect (Single Effect, and Double Effect), and by Regions – Forecast till 2030

ID: MRFR/E&P/0456-HCR | November 2022 | Region: Global | 115 Pages         

Air Handling Units Market

Air Handling Units Market is expected to reach the growth of the CAGR of 5.58% with the CAGR of USD 10,895.4 Million at the end of the forecast period at 2030

Segmentation

By Capacity Up to 5000 m3/hr 5000 m3/hr – 10000 m3/hr 10000m3/hr – 15000 m3/hr Above 15000 m3/hr
By Effect Single Effect Double Effect
By Application Commercial Residential

Key Players

  • Systemair (Sweden)
  • TROX (U.S.)
  • GEA Air Treatment (Germany)
  • Daikin (Japan)
  • Johnson Controls (U.S.)
  • Lennox International (U.S.)
  • Flakt Woods (U.K.). Sabiana (U.K.)
  • Hitachi Ventus (Japan)
  • Carrier Corporation (UK)
  • Trane Inc. (Ireland)
  • Flakt Woods Group (Sweden)
  • CIAT Group (France)
  • Swegon (Sweden)

Drivers

  • Rising industrialization
  • Increasing infrastructure projects
  • Increasing district cooling/heating projects
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Air Handling Units Market Overview


The global air handling units market size is expected to reach USD 10,895.4 million, representing a 5.58% CAGR between 2022-2030. Filtering air is accomplished using technologies such as the air handling unit system. A/C units are responsible for maintaining consistent indoor air quality and comfort. This system's most important function is to freshen up the air it is forced to circulate. Aluminum, Stainless steel, and alloy panels make up the air handling components.


Energy-efficient air filters are what most people think of when they hear the word air handling unit. The air management system has numerous ventilators. Additional critical components are the filter compartment, absorbers, valves, and cooling and heating coils. A huge need exists for air handling equipment that may be used to ventilate and cool the air. Compressed air handling devices are in high demand in the corporate, professional, and domestic markets. Air handling units are popular both in single-effect and two sectors of the industry. In addition, a wide range of capabilities is offered for air-handling devices. It is projected that both the admission process and the market price of this product would skyrocket.


This report contains all the information on the global air handling units’ market analysis and the market strengths. In addition, the report also includes the culmination of dynamics, segmentation, key players, regional analysis, and other essential factors. And a detailed analysis of the global air handling units market forecast for 2030 is also included in the report.


Air Handling Units Market Covid 19 Analysis


Unprecedented market disruptions continue to be caused by the covid 19. The market for air handling equipment is experiencing several challenges. Air handling units are in short supply. As a result, it has become more difficult for the residential and manufacturing sectors to meet demand. Another issue on the market is the sluggishness of manufacturing. A lack of raw resources is slowing the manufacturing pace. Supply chain interruptions are also altering the handling units market Outlook.


Nevertheless, covid 19 is expected to improve as the worldwide market becomes more vigorous. The market's major participants are taking steps to enhance output. In addition, distribution network interruptions are expected to improve throughout the projected period steadily.


Air Handling Units Market Dynamic



  • Drivers


Increasing industrialization is a significant driver for air handling unit sales. Many areas are seeing an increase in industrial production expenditures. The market will benefit from this increase in industry activity. Manufacturing air handling systems are also expected to rise in several years. The administration's investments in various sectors will keep driving the market's development in the foreseeable future. Air handling equipment is also in great demand in urban and business settings. It's another factor that's pushing the market upward. In addition, a rise in the number of homes and buildings needs more air conditioning and heating equipment. Due to these considerations, there will be increased competition for worldwide handling units market share.



  • Opportunities


Consumers are becoming more aware of the health advantages of technology and how it might improve their lives. Consumers are more interested in things that are environmentally friendly and good for their health. Consciousness among consumers of air handling units is rising rapidly on the worldwide market. The majority of consumers are fully aware of the importance of having clean air in their homes and places of business. The increasing public awareness of the importance of air quality is driving the development of the Air Handling Units Market. It's also worth noting that the covid 19 scenarios are a boon to handling units market growth.



  • Restraints


A more significant number of air handling systems are being sold because of concerns about air quality. Air handling equipment has several advantages. The advantages of this technique include adequate ventilation, air filters, and air cooling and heating. Many people are concerned about the quality of the air they are breathing. Customers need an air handling machine that is energy efficient and capable of performing necessary air purification. Although specific locations cannot satisfy this need, this market remains restrained by this issue.



  • Challenges


When it comes to air handling equipment, there are several cheap substitutes. However, the lack of standards and the poor brand recognition in the industry are severe problems. Consumers are forced to choose between higher- and lower-quality choices due to these roadblocks. Due to these variables, the market's image and demand are impacted. In addition, a lack of consumer familiarity with the brand may slow the market's exponential development. In the years to come, demand may stagnate, resulting in a falling growth rate. Consistency and brand recognition are critical in this industry.



  • Cumulative Growth Analysis


The market's growth might be boosted by introducing new technologically improved items. There have been a lot of innovative items on the market in the last few years. For example, in April 2018, the CIAT, a European pioneer in temperature management and air handling systems, introduced CLIMACIAT onto the market. Airclean, CLIMACIAT Airtech, and Airaccess are a few of the many variations. Offices and the industrial sector utilize Airtech. Hospitals, cleaning rooms, and other places where cleanliness is critical utilize Airclean, whereas businesses use Air access. It was created with the express purpose of improving indoor air purity and promoting occupant well-being in buildings. It's simple to put in and a great energy saver.



  • Value Chain Analysis


According to the reports, it is possible to sort the air handling unit market by kind, effect, capacity, or application. In addition, you may learn about the many growth drivers likely to be prominent in the business to promote different tactics to help discover primary potential uses and differences in your product offerings due to the development in various sectors.


The air handling units market is divided into packaged air handling units, bespoke air handling units, modular air handling units, low profile air handling units, dx integrated air handling units, and rooftop mounted air handling units by type. The air handling unit market is divided into two categories: single and double. The air handling unit market is divided into Ü5000 m3/h, 5001-15000 m3/h, 15001-30000 m3/h, 30001-50000 m3/h, and 50001 m3/h based on capacity. This industry is broken down into commercial and residential segments based on the application.


Air Handling Units Market Segmentation Overview


The market is segmented based on the kind, effect, capacity, application, and geographic locations. The global air handling unit market trends are expected to witness decent growth during the forecast period.


By Application


The market is segmented into commercial and residential.


By end-users


The market is segmented into packaged air handling units, bespoke air handling units, modular air handling units, low profile air handling units, dx integrated air handling units, and rooftop mounted air handling units based on the propulsion types.


Air Handling Units Market Regional Analysis


According to the reports, this market is divided into four distinct regions: North America, Asia Pacific, Europe, Middle East, and Africa. The Asia Pacific market is expected to outpace the rest of the globe. Due to increasing industrialization, the Asia-Pacific area also increases demand for HVAC systems. In addition, this area is seeing an unprecedented level of development. The need for air handling systems increases as a result of these causes. The market is expected to have its most remarkable revenue growth during the projected period.


Air Handling Units Market Competitive landscape


The air handling units industry is quite competitive. Therefore, the leading players in the market play an essential part in the development of the industry. Therefore, market mergers and growth initiatives will be implemented during the projection timeframe.


Major Key Players in Air Handling Units Market



  • Trox GmbH

  • Systemair AB

  • Trane Inc

  • GEA Group AG

  • Carrier Corporation

  • Flakt Woods Group
    Hitachi Ventus

  • Johnson Controls Inc


Air Handling Units Market Report Overview


The following report comprises of –



  • Market overview

  • Covid 19 Analysis

  • Market Dynamic

  • Drivers

  • Opportunities

  • Restraints

  • Challenges

  • Cumulative Growth Analysis

  • Value Chain Analysis


Air Handling Units Market Segmentation Overview



  • By Application

  • By End-Users

  • Regional Analysis

  • Competitive landscape


Recent Developments in Air Handling Units Market


There will be a new base of operations for Trane Technologies plc in Las Vegas beginning in May of 2021. Local experts, architects, facility owners/managers, and facilities directors will provide services and aftermarket components for the HVAC system and power management.


A Silicon Valley-based company called Locix, Inc. underwrote a capital raise for Daikin Manufacturing, Ltd. for around $2 million in April 2020. Logix LPS, an exact local positioning technology developed by Locix, was used by Daikin Industries Ltd. to save installation times.


Based on Type, the air handling units market has been segmented into:



  • Packaged

  • Modular

  • Custom

  • DX Integrated

  • Low Profile (Ceiling)

  • Rooftop Mounted

  • Others


Based on Capacity, the air handling units market has been segmented into:



  • ≤5,000 m3/h

  • 5,001 – 15,000 m3/h

  • 15,001 – 30,000 m3/h

  • 30,001 – 50,000 m3/h

  • ≥50,001 m3/h


Based on Application, the air handling units market has been segmented into:



  • Commercial

  • Residential


Based on Region, the air handling units market has been segmented into:



  • Asia-Pacific

  • Europe

  • North America

  • Middle East & Africa

  • South America



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2027: USD 10,895.4 Million
  • 2030: Significant Value
  •   CAGR   5.58% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Capacity and Effect
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Systemair (Sweden), TROX (U.S.), GEA Air Treatment (Germany), Daikin (Japan), Johnson Controls (U.S.), Lennox International (U.S.), and Flakt Woods (U.K.). Sabiana (U.K.), and Hitachi Ventus (Japan), Carrier Corporation (UK), Trane Inc. (Ireland), Flakt Woods Group (Sweden), CIAT Group (France), and Swegon (Sweden)
      Key Market Opportunities   New product launches and R&D amongst major key players
      Key Market Drivers

  • Rising industrialization
  • Increasing infrastructure projects
  • Increasing district cooling/heating projects


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    Frequently Asked Questions (FAQ) :

    The air handling units market is poised to mark 5.58% CAGR.

    The segments of the air handling units market, by effect, are single effect and double effect.

    The segments of the air handling units market, by capacity, are 5000m3/hr - 15000m3/hr, up to 5000m3/hr, and above 15000m3/hr.

    The up to 5000m3/hr segment is poised to dominate the market.

    The key players are Systemair (Sweden), GEA Air Treatment (Germany), TROX (U.S.), Daikin (Japan), Lennox International (U.S.), CIAT Group (France), Johnson Controls (U.S.), Flakt Woods (U.K.), Hitachi Ventus (Japan), Sabiana (U.K.), Carrier Corporation (UK), Flakt Woods Group (Sweden), Trane Inc. (Ireland), and Swegon (Sweden).