According to the research report published by Polaris Market Research, the Global Air Handling Units Market Size Is Expected To Reach USD 20.03 Billion By 2030., at a CAGR of 6.9% during the forecast period.
A central air filtration system that reconditions the air to preserve indoor temperatures and air quality is referred to as an air handling unit (AHU) or air handler. It is often constructed with a metallic frame composed of galvanised steel, aluminium, and other alloys and double-walled panels for increased energy efficiency. Multiple ventilators for air supply and exhaust, heating and cooling coils, air filter chambers, sound attenuators, and dampers are the main components. It is linked to a complicated duct system that transports conditioned air throughout the building and returns it to the core for reconditioning.
The growing demand for energy-efficient heating, ventilation, and air conditioning (HVAC) systems around the world is driving the global market for AHUs. This is due to the extensive use of central air conditioning and heating systems in medium to large residential, commercial, and industrial complexes as a result of global industrialisation and urbanisation.
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Top Key Players
- Munters AB
- Al-Ko Therm GmBH
- Blue Star Limited
- Carrier Corporation
- Fläkt Woods Group
- Airedale International
- Lennox International Inc.
- VTS Group
- Trane Technologies Plc
- Trox GmBH
- Johnson Controls
- Daikin Industries Ltd.
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Market scenario analysis, trends, drivers, and impact analysis are the top influencing elements.
The market for air handling units is driven by rising demand for energy efficient products. Growing awareness of the negative effects of pollution on human health has also fueled the demand for air handling equipment. The demand for air handling systems has increased as the number of residential, commercial, and industrial buildings has expanded. The demand for air handling systems has also increased as the demand for cool and hot air in rooms or buildings has increased in response to changing temperatures. As a result, these factors serve as primary development drivers for the air handling unit market.
Due to their rising economies, Asia-Pacific countries such as China, India, and Japan have a significant market share in air handling equipment. However, the high cost of AHU maintenance and the additional space necessary to install it may limit the market’s growth. On the other hand, the demand for air handling units in shopping malls, hospitals, hotels and lounges, and other commercial applications opens up new markets for air handling units.
COVID-19’s Overall Impact:
COVID-19 is an unprecedented global public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the forecast period. Our ongoing research is enhancing our research approach to guarantee that fundamental COVID-19 concerns and potential solutions are included. The research examines COVID-19 in light of changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, market dynamics, and government involvement. The updated study considers the impact of COVID-19 on the market and provides insights, analysis, projections, and forecasts.
This report answers the following key questions:
What has been the performance of the global air handling unit market so far, and how will it perform in the coming years?
What are the most important regional markets?
What effect did COVID-19 have on the global air handling unit market?
What is the market segmentation based on type?
What is the capacity-based breakdown of the market?
What is the market segmentation based on end-user?
What are the various stages of the industry’s value chain?
What are the industry’s main driving forces and challenges?
What is the market structure for air handling units globally, and who are the major players?
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