The global air handling units market revenue was around US$ 12.9 billion in 2021 and is estimated to reach US$ 25.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2022 to 2031.
Air handling units are utilized to regulate airflow from the outside to the interior of the building. To supply buildings with fresh air, the units condition the air that is brought in from the outside by heating, cooling, and humidifying it. It is made up of a blower section, a duct system, a heating coil, or air drawn from the interior.
Factors Influencing Market Growth
Demand for air handling units in airports, multiplexes, hotels, hotel restaurants, schools, office buildings, and commercial complexes. Such factors are anticipated to drive the market's expansion.
Increase in construction investment in the residential and commercial sectors to achieve indoor air quality standards and boost the market.
Growing concern about installing air conditioning, heating, and ventilation (HVAC) systems due to rising greenhouse gas emissions and global warming, which, in turn, supports the expansion of the market.
The cost of maintenance and the additional space needed to install air handling units may constrain market growth.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a negative impact on the market. Several air handling unit manufacturers had to halt operations in nations including China, the U.S., and India because of the COVID-19 restrictions. Their sales were negatively damaged by this interruption. Additionally, a shortage of laborers and raw materials restricted the supply of air-handling unit equipment. However, it is hoped that the reopening of manufacturing facilities and the development of coronavirus vaccinations will result in the reopening of industries.
Asia-Pacific dominated the air handling units market in terms of the highest share due to rapid urbanization and increased industrialization in nations like India, China, Vietnam, and Indonesia, as well as other regions. This growth was further fueled by a rise in construction activity. Additionally, the majority of the region's nations are investing in the construction industry to boost their economies.
The leading competitors in the global air handling units market are:
Blue Star Limited
Carrier Global Corporation
Daikin Industries Ltd
Johnsons Controls International Plc
Lennox International Inc
Munters Group AB
Swegon Group AB
Trosten Industries Company LLC
The global air handling units market segmentation focuses on Placement, Business, End-Users and Region.
Segmentation based on Placement
Segmentation based on Business
Segmentation based on End-Users
Segmentation based on Region
Rest of Western Europe
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America