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.

Regional Insights

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.

Leading Competitors
The leading competitors in the global 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
Wolf GmbH
Others
Segmentation Analysis
The global air handling units market segmentation focuses on Placement, Business, End-Users and Region.
Segmentation based on Placement
Outdoor
Indoor
Segmentation based on Business
Aftermarket
New installations
? Vertical
? Horizontal
Segmentation based on End-Users
Residential
Commercial
Industrial
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America