The Global Air Handling Units Market is anticipated to grow from USD 6.93 billion in 2016 to USD 12.91 billion by 2026, at a CAGR of 5.7% from 2016 to 2026. This growth can be attributed to the increasing demand for air handling units from the application sectors such as commercial buildings, industries, hospitals, universities, data centers, laboratories, and server rooms. An air handling unit is a part of heating, ventilating, and air-conditioning system. It is a large metal box containing separate ventilators for supply and exhaust, heating coil, cooling coil, heating/cooling recovery system, air filter racks or chambers, sound attenuators, mixing chamber, and dampers.
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On the basis of type, the air handling units market has been classified into packaged, modular, custom, DX integrated, low profile (ceiling), rooftop mounted, and others. Custom type is the fastest-growing type segment in the air handling units market. The growth of this segment can be attributed to the high demand of customized air handling units from the application sectors such as pharmaceutical industries, universities, laboratories, commercial buildings, hospitals, and data centers.
On the basis of capacity, the air handling units market is segmented into ≤5000 m3/h, 5001–15000 m3/h, 15001–30000 m3/h, 30001–50000 m3/h, and ≥50001 m3/h. The 15001–30000 m3/h segment is the fastest-growing capacity segment due to the high demand for AHUs with this capacity range from the application segments such as hospitals, universities, and commercial buildings.
On the basis of application, the air handling units market is segmented into commercial and residential application segments. The commercial application segment is projected to grow at the highest CAGR during the forecast period. The high demand of air handling units from the commercial application segments such as the shopping malls, universities, hospitals, laboratories, pharmaceutical industries, and data centers is expected to the drive the air handling units market.
The air handling units market in Asia-Pacific is expected to grow at the highest CAGR from 2016 to 2026. The growing demand for air handling units from both commercial and residential application sectors is expected to drive the air handling units market in this region.
The key players operational in the global air handling units market are Daikin Industries, Ltd. (Japan), Carrier Corporation (U.S.), Trane Inc. (Ireland), Johnson Controls, Inc. (U.S.), GEA Group AG (Germany), Systemair AB (Sweden), Flakt Woods Group (Sweden), CIAT Group (France), Trox GmbH (Germany), and Lennox International Inc. (U.S.). These players are focusing on various growth strategies such as new product launches, expansions, agreements, and acquisitions to retain a competitive position in the market.
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