Press release
Air Handling Units Market Size, Share, Industry, Forecast and outlook (2023-2030)
air handling units market
Improving Demand in Urbanized Areas:
Rising urbanization globally propels the demand for efficient air conditioning systems, impacting building investments, particularly in Gulf countries and GCC regions.
Fluctuations and Awareness Challenges:
Fluctuating raw material prices hinder the air handling unit market. Lack of awareness about HVAC system benefits and energy efficiency poses challenges for market penetration.
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Market Segmentation
Segment: Packaged Air Handling Units
Commercial Boost:
Packaged units dominate the market, driven by demand from hospitals, commercial buildings, data centers, universities, and laboratories. They offer space-saving, easy servicing, and flexibility for capacity expansion.
Geographical Analysis
Asia-Pacific Dominance:
In 2020, Asia-Pacific led the market, driven by increased industrial demand in developing countries like India, Australia, Thailand, and Taiwan. Government initiatives promoting energy-efficient systems contribute to North America's market growth.
Competitive Landscape
Key Players:
Daikin Industries, Carrier Corporation, Systemair AB, Trane Technologies, and others fiercely compete in the global market. These companies drive innovation and growth in the highly competitive air handling unit industry.
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