Air Handling Units Market worth $ 12.1 Billion in 2021 - Exclusive Report by xResearch offering Market Sizes, Forecast, & Competitive Landscape

According to a new report published by xResearch, titled, “Air Handling Units Market Insights, Trends, Opportunity & Forecast, 2021–2030,” the global air handling units market size is anticipated to witness moderate growth during the forecast period i.e. 2021-2030. The burgeoning demand and usage of air handling units across various application sectors worldwide; the proliferating need for energy-efficient air handling unit for quality indoor air regulation; and the launch of new air handling units with greater capacities by market players; the raising pollution levels across the globe; the increasing technological developments in air handling units; and the surging demand for comfortable living and working conditions are some of the major factors contributing to the growth of the global air handling units market.

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According to application, the commercial segment acquired the largest share of the global air handling units market in 2020. The segment is anticipated to retain its lead and at the same time also attain the highest CAGR in the market during the forecast period of 2021-2030. According to type, the packaged segment led the global air handling units market in 2020. The segment is expected to maintain its dominance further in the market during the forecast period. On the other hand, the custom segment is predicted to register the highest growth in the market during the forecast period. According to capacity, the ≤5,000 m3/h segment held the largest share of the global air handling units market in 2020. The segment’s position is estimated to remain same throughout the forecast period. On the other hand, the 15,001 - 30,000 m3/h segment is projected to achieve the highest growth in the market during the forecast period.

Geographically, the Asia Pacific region dominated the global air handling units market in 2020, followed by North America, and Europe. The region is likely to hold the most commanding position and also witness the highest growth in the market during the forecast period of 2021-2030. The expanding construction industry; the regular changes in climatic conditions; and the surging urbanization and commercialization in developing countries are primarily ascribed to the large share and growth of the market in the Asia Pacific region. Countries such as India, Japan, China, Australia, Thailand, Indonesia, and Taiwan are among the key contributors to the growth of the market in the region.

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Some of the major air handling units companies profiled in the report include Trane Technologies plc, Johnson Controls International plc, Systemair AB, Flakt Woods GroupDaikin Industries Ltd., Carrier Corporation, Trox GmbH, Lennox International Inc., Munters AB, Blue Star Limited, and Airedale International Air Conditioning Ltd.

The global air handling units market is segmented into type, capacity, application, and region. Based on type, the market is bifurcated into packaged, modular, custom, DX integrated, low profile (ceiling), rooftop mounted, and others. Based on capacity, it is classified into ≤5,000 m3/h, 5,001 – 15,000 m3/h, 15,001 – 30,000 m3/h, 30,001 – 50,000 m3/h, and ≥50,001 m3/h. Based on application, it is classified into commercial and residential.

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The global air handling units market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Air Handling Units Market
• On the basis of application, the commercial segment acquired the largest share of the global air handling units market in 2020. The segment is anticipated to retain its lead and at the same time also attain the highest CAGR in the market during the forecast period of 2021-2030.
• On the basis of type, the packaged segment led the global air handling units market in 2020. The segment is expected to maintain its dominance further in the market during the forecast period. On the other hand, the custom segment is predicted to register the highest growth in the market during the forecast period.
• On the basis of capacity, the ≤5,000 m3/h segment held the largest share of the global air handling units market in 2020. The segment’s position is estimated to remain same throughout the forecast period. On the other hand, the 15,001 - 30,000 m3/h segment is projected to achieve the highest growth in the market during the forecast period.
• On the basis of region, the Asia Pacific region dominated the global air handling units market in 2020, followed by North America, and Europe. The region is likely to hold the most commanding position and also witness the highest growth in the market during the forecast period of 2021-2030.

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This release was published on openPR.