PUBLISHER: Allied Market Research | PRODUCT CODE: 1179570
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179570
The global air handling units market size was valued at $12,605.1 million in 2021, and is projected to reach $24,850.45 million by 2031, registering a CAGR of 6.8% from 2022 to 2031.
An air handling unit is a piece of equipment that handles air. Its internal structure is very simple. The air handling unit (AHU) is a central air conditioning and collects outside air and room air, removes dust and other particles from the collected air, adjusts the temperature and humidity and then supplies comfortable and refreshing cool air into the rooms through ducts.
Rise in consumer awareness regarding energy conservation, improved thermal comfort and energy efficiency are factors that are expected to help boost the demand for air handling units in both the residential and commercial construction markets. In addition, rise in demand for energy efficient products drives the demand for air handling units market. In addition, increasing awareness about the impact of pollution on human health is also a major factor for the air handling units market growth. Increasing demand for cool and hot air in the rooms or buildings according to the varied temperature has also increased for the air handling units. Moreover, growing urbanization and increasing investments in commercial and residential projects is expected to boost the demand of the market. However, the maintenance cost of air handling units and more area required to install it can hamper the growth of the air handling units market.
The market is segmented on the basis of placement, business, end-user, and region. On the basis of placement, the market is divided into outdoor and indoor. On the basis of business, the market is divided into new installation and aftermarket. On the basis of end-user, the market is divided into residential, commercial and industrial. Region-wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
The key players that operate in the air handling units market are Barkell Ltd., Blue Star Limited, Carrier Global Corporation, Ciat Group, Daikin Industries Ltd. FlaktGroup, Hitachi Ltd., Holtop, Johnsons Controls International Plc, Lennox International Inc., Munters Group AB, Stulz GmbH, Swegon Group AB, Systemair AB, Trosten Industries Company LLC., VTS Group, and Wolf GmbH.
By Placement
By Business
By End-users
By Region