The global air handling units market size is expected to reach USD 20.03 billion by 2030 according to a new study by Polaris Market Research. The report “Air Handling Units Market Share, Size, Trends, Industry Analysis Report, By Type (Packaged, Modular, Custom, DX Integrated, Low Profile, Rooftop Mounted, Others); By Application (Commercial, Residential); By Capacity; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The continuous technological developments in the air handling units, coupled with the increasing pollution globally, are the factors that primarily accelerate the global demand. In addition, growing applications of Air Handling Units (AHU) across various industries such as data centers, commercial & residential buildings, hospitals, universities, server rooms, and many others are propelling the industry growth in the near future.
Based on capacity, the <5,000 m3/h is dominating the global industry with the highest revenue shares. These are the small AHUs that are majorly used in small premises like residential buildings, small-scale retail stores, etc. Thereby, the growing population globally is further acting as a catalyzing factor for the segment growth. Whereas the 15,001 – 30,000 m3/h segment is showing the highest CAGR rate in the industry, owing to the growing demand of the segment from various commercial buildings as they offer the medium capacity of the AHUs.
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The rapid transformation of IoT within AHUs is fostering demand across the globe. The emergence of the Internet of Things (IoT) helps in connecting the AHUs/HVAC systems with the internet that facilitates users to share their data. Internet aids in gathering data and storing them on the cloud enhances operational activities, and effectively runs a predictive maintenance schedule. Also, it analyzes, monitors, and controls the HVAC and AHU systems. Moreover, IoT enables low maintenance costs of HVAC systems. Thereby, these factors are positively influencing the demand across the globe as the proliferation of IoT is rising in various applications. This integration of the IoT solutions presents various window opportunities to companies across numerous verticals.
Market participants such as Munters AB, Airwoods, Al-Ko Therm GmBH, Blue Star Limited, Carrier Corporation, Fläkt Woods Group, Airedale International, Lennox International Inc., VTS Group, Novenco, Swegon, Trane Technologies Plc, Trox GmBH, Johnson Controls, and Daikin Industries, Ltd. are some of the key industry players operating worldwide.
There are various vendors in the industry that are taking several initiatives for thriving into the cut-throat competition and gaining huge prominence; thus, this factor may also surge the industry's growth. For instance, in Las Vegas, Nevada Trane Technologies plc established a new operations base in May 2021. The company collaborates with local contractors, facility directors, engineers, and commercial building owners to offer HVAC systems, services, and energy management, along with aftermarket parts solutions.
Polaris Market Research has segmented the air handling units market report on the basis of type, capacity, application, and region:
Air Handling Units, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Air Handling Units, Capacity Outlook (Revenue - USD Billion, 2018 - 2030)
Air Handling Units, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Air Handling Units, Regional Outlook (Revenue - USD Billion, 2018 - 2030)