Air Handling Units Market in North America Market is Estimated to Grow at a Promisable CAGR During Forecast Period 2031

The North America Air Handling Units Market size was valued at US$ 3.20 billion in 2023 and is expected to reach US$ 4.65 billion by 2031. The North America Air Handling Units Market is estimated to record a CAGR of 4.8% from 2023 to 2031.

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The North America air handling unit market is segmented into the US, Canada, and Mexico. The US is a developed country in terms of infrastructure, modern technology, standard of living, and many other factors. Also, various industries in the region are witnessing tremendous growth. In 2023, North America accounted for 53.3% of global pharmaceutical revenues, compared to 22.7% in Europe. According to IQVIA (MIDAS May 2024), the US market accounted for 67.1% of sales of new medications launched between 2018 and 2023, compared to 15.8% in Europe (top five markets). Thus, the growing pharmaceutical industry in the region will spike the demand for AHUs to protect drugs and medications.

Analysis of the Top Market Players:

1. Carrier Global Corp
2. Air Wise Sales Inc.
3. Daikin Industries Ltd
4. Johnson Controls International Plc
5. Haakon Industries
6. VTS Group
7. Trane Technologies Plc
8. TROX GmbH
9. WOLF Anlagen-Technik GmbH & Co. KG
10. Rheem Manufacturing Co
11. Munters Group AB
12. Sabiana SpA

In this report, the market has been segmented on the basis of:

Configuration (Packaged Air Handling Units, Modular Air Handling Units, Custom Air Handling Units, Rooftop Mounted Air Handling Units, and Others)

Capacity (Below 5,000 m3/h, 5,001-30,000 m3/h, 30,001-50,000 m3/h, and Above 50,001 m3/h)

Type (AHU With Heat Recovery and AHU Without Heat Recovery)

Application (Commercial, Industrial, and Residential), and Geography

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Additionally, the construction industry is a major contributor to the US economy. The US had around 919,000 construction establishments in the first quarter of 2023. Also, the region has various construction projects in line. For example, the construction of the Bronzeville Lakefront Mixed-Use Development project started in Q1 2023 involves the construction of a mixed-use complex on 45ha of land in Chicago (Illinois, US). The project is expected to be completed in Q3 2027. The project aims to transform an undeveloped 46ha into a living lab. Similarly, the construction of the Riverwalk San Diego project was initiated in Q1 2023, involving the construction of mixed-use facilities on 80.9ha of land in California, the US. The project aimed to provide better residential and commercial facilities in the region.

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