Air Handling Units Market By Type (Packaged Air Handling Units, Modular Air Handling Units, Custom Air Handling Units, Rooftop Mounted Air Handling Units, and Others), Capacity (Below 5000 m3/h, 5001-15000 m3/h, 15001-30000 m3/h, 30001-50000 m3/h, and above 50001 m3/h), Application (Commercial and Residential), and Geography: Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026066 | Pages: 100 | Industry: Manufacturing and Construction | Date: Sep 2022 | Type: Global

The market crossed US$ 12.4 billion mark in 2022 and is expected to hit US$ 19.7 billion by 2030, recording a CAGR of 6.0% during the forecast period.

Air Handling Units Market has been significantly growing with the Rising population and urbanization.

The world's 55% of the population, which is 4.2 billion inhabitants, lives in cities. The population is expected to double its current size, with nearly 7 of 10 people worldwide expected to live in cities. This rising population also increases retail, commercial, and residential building demand. Mixed-use buildings such as retail or commercial with condominiums and residential apartments are being built in urban markets. Empty warehouses and vacant buildings are being converted into new commercial and residential spaces for residents. Hence, This has placed an increasing emphasis on developers which aim to understand the demands of tenants and necessity of building design as well as amenities upto a standpoint to ensure high occupancy rates. These factors directly contribute to the demand for efficient air conditioning systems, including air handling units..

Within the report, the market is segmented by type, capacity, application and geography. By type, the market is further segmented into  Packaged Air Handling Units, Modular Air Handling Units, Custom Air Handling Units, Rooftop Mounted Air Handling Units, and Others. Based on capacity, the market is segmented into Below 5000 m3/h, 5001-15000 m3/h, 15001-30000 m3/h, 30001-50000 m3/h, and Above 50001 m3/0068. Based on application, the market is segmented into commercial and residential. Geographically, the market is sub-segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America

Air Handling Units Market is experiencing a Rapid transformation of IoT

The Internet of Things (IoT) represents a situation where AHUs/HVAC systems are connected to the Internet, which allows data sharing. It also allows data collection, storage in the cloud, improved operations for better efficiency, and running on a predictive maintenance schedule. It also controls, diagnoses, and monitors the AHU and HVAC system over the Internet in a cost-effective way. Moreover, IoT enables low ongoing repair and maintenance costs of the HVAC system.

IoT allows the approach to real-time performance data of AHUs and HVAC systems and interprets it correctly. For example, IoT-enabled buildings can issue warnings to facility managers with early alerts in form of any operational functionalities and permit for on-time remote diagnosis and adjustment, which in turn could enable cost savings by minimizing the failures in system. Moreover, these units when placed into commercial or residential spaces in the HVAC systems, can consume maximum energy. Implementing Internet of Things in these applications would drive cost-saving, allow for predictive maintenance, allow for comfort control, and enable a healthy air handling in such premises. This amalgamation of Internet of Things in the Air Handling Units and HVAC systems provides a window of opportunity for manufacturers operating in this industry.

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The rapid adoption Air handling units in commercial segment.

The commercial application segment leads the air handling units market, which is projected to grow. The rising adoption of air handling units from the commercial application sectors such as shopping complexes, hospitals, hotels and restaurents, data centers, schools and universities, pharmaceutical & other industries, and research laboratories is anticipated to drive the air handling unit market.

Recent strategic developments in the Air handling unit market

The Air handling unit market has undergone several significant developments, and a few of these have been mentioned below:

  • In Aug 2022, Daikin Industries Ltd. in Europe announced the product launch of its new Modular T series air handling unit with three separate filtration stages.
  • In May 2021, Trane Technologies plc started a new operations base in Las Vegas, Nevada. The company will partner with local engineers, contractors, commercial building owners, and facility directors to provide energy management, HVAC systems, services, and aftermarket parts solutions.
  • In Sept 2022, Leminar Air Conditioning Company acquired Clima Uno Air Conditioning Industries as a strategic move, that will unite these two companies in their common mission to provide the most reliable HVAC solutions to the market. The partnership will allow Clima Uno company to continue to offer a range of Air handling units across the HVAC industry

The Air handling unit market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Carrier Global Corporation, Daikin Industries, Ltd., uroclima AG / SPA, Johnson Controls International plc, Lennox International Inc., Sabiana SpA, Systemair AB, Trane Inc.are among the prominent players operating in the market.

 

 

The target audience for the report:

  • Air handling unit providers
  • Air handlng unit service providers
  • Air handlng unit -related organizations and alliances
  • Commercial and residential manufacturers
  • Venture capitalists, private equity firms, and start-up companies
  • Air handlng unit component suppliers
  • Air handlng unit distributors and sales firms
  • End users of air handling units

 

Scope of the report:

In this report, the market has been segmented based on:

  • Type:
  • Packaged
  • Modular
  • Custom
  • DX Integrated
  • Low Profile (Ceiling)
  • Rooftop Mounted
  • Others

 

 

  • Capacity
  • ≤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
  • Application
  • Commercial
  • residential

 

  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa

 

  • Companies profiled
    • Carrier Global Corporation
    •   Daikin Industries, Ltd.
    •   Euroclima AG / SPA
    •   Johnson Controls International plc
    •   Lennox International Inc.
    •   Sabiana SpA
    •   Systemair AB
    •   Trane Inc.
    •   Trox GmbH
    •   WOLF Anlagen-Technik GmbH & Co. KG

Companies profiled

- Carrier Global Corporation

- Daikin Industries, Ltd.

- Euroclima AG / SPA

- Johnson Controls International plc

- Lennox International Inc.

- Sabiana SpA

- Systemair AB

- Trane Inc.

- Trox GmbH

- WOLF Anlagen-Technik GmbH & Co. KG

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