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Air Handling Unit Market worth $20.82 billion by 2030, growing at a CAGR of 6.05% - Exclusive Report by 360iResearch
Air Handling Unit Market | 360iResearch
The Global Air Handling Unit Market to grow from USD 13.01 billion in 2022 to USD 20.82 billion by 2030, at a CAGR of 6.05%.
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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.
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.
Market Segmentation & Coverage:
This research report categorizes the Air Handling Unit Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Custom, DX Integrated, Low Profile, Modular, Packaged, and Rooftop Mounted. The Modular commanded largest market share of 19.54% in 2022, followed by Rooftop Mounted.
Based on Effect, market is studied across Double Effect and Single Effect. The Double Effect commanded largest market share of 43.95% in 2022, followed by Single Effect.
Based on Application, market is studied across Commercial and Residential. The Commercial commanded largest market share of 79.05% in 2022, followed by Residential.
Based on Capacity, market is studied across 15,001 - 30,000 m3/h, 30,001 - 50,000 m3/h, 5,001 - 15,000 m3/h, ≤5,000 m3/h, and ≥50,001 m3/h. The 15,001 - 30,000 m3/h commanded largest market share of 27.18% in 2022, followed by 30,001 - 50,000 m3/h.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.63% in 2022, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Air Handling Unit Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Air Handling Unit Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
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.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Air Handling Unit Market, by Type
7. Air Handling Unit Market, by Effect
8. Air Handling Unit Market, by Application
9. Air Handling Unit Market, by Capacity
10. Americas Air Handling Unit Market
11. Asia-Pacific Air Handling Unit Market
12. Europe, Middle East & Africa Air Handling Unit Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Air Handling Unit Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Air Handling Unit Market?
3. What is the competitive strategic window for opportunities in the Air Handling Unit Market?
4. What are the technology trends and regulatory frameworks in the Air Handling Unit Market?
5. What is the market share of the leading vendors in the Air Handling Unit Market?
6. What modes and strategic moves are considered suitable for entering the Air Handling Unit Market?
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