Air Handling Units Market Size & Share, by Type (Packaged, Modular, Custom); End-user (Residential, Commercial, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5096
  • Published Date: Jul 22, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 – 2035

Air Handling Units Market size is predicted to surpass USD 23 Billion by the end of 2035, observing nearly 7% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of air handling units was around USD 15 Billion. The major factor influencing the growth of the market is the growing construction of modern buildings. These modern buildings deploy air handling units in order to regulate the temperature inside the building. Moreover, with the rise in global warming, the temperature outside has risen significantly. For instance, the average worldwide temperature in 2022 was 1.15°C more than the average between 1850-1900. However, the rise in temperature also affects the inside environment of the buildings. Hence, the adoption of air-handling units is growing.

Additionally, buildings are getting more insulated in order to avoid heat evaporation and thus reduce energy expenses. This is more likely to turn air inside the structure stale and hang around for longer. As a result, the building's structure and its personnel and visitors are more at risk since the stale air may encourage the growth of mold and cause condensation issues. Hence, this is another factor that is set to dominate the market demand.


Air Handling Units Market
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Air Handling Units Sector: Growth Drivers and Challenges

Growth Drivers

  • Surge in Adoption of IoT in Air Handling Units

The use of the Internet of Things (IoT) in air handling units has made the functioning of the system efficient. It has made it easy to collect data and store it in the cloud and also schedule maintenance according to its prediction. Moreover, monitoring, controlling, and diagnosing the system becomes cost-effective with the adoption of IoT. Since it also provides real-time data on the function of the AHU system. Hence, the further maintenance cost is reduced. For instance, loT-enabled structures may provide facility managers with early indications of any technical anomalies and enable remote diagnostics and correction, which could reduce system failures and save money.

  • Growth in Crowd in Malls

People generate an equal amount of heat as a light bulb. Hence, with the growth in the number of people in malls, the temperature tends to rise. Therefore, the installation of air handling units is growing in malls.

  • Rise in the Number of Data Centers

Currently, in the world, there are approximately 7,999 data centers. These data centers necessities the use of air-handling systems. To guarantee the best performance and dependability of information and technology equipment (ITE) systems, data center air handling units (AHUs) and conditioning systems are crucial.

Challenges

  • Fluctuating Price of Raw Materials
  • High Maintenance Cost
  • High Risk to the Workers - The risk of physical damage arises while employed as an AHU technician. As a consequence of their frequent use of heavy machinery, exposure to intense heat and/or cold, and occasional contact with hazardous materials. AHU technicians experience more workplace injuries than employees in many other occupations.

Air Handling Units Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~7%

Base Year Market Size (2022)

~ USD 15 Billion

Forecast Year Market Size (2035)

~ USD 23 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa
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Air Handling Units Segmentation

End User (Residential, Commercial, Industrial)

The commercial segment in the air handling units market is set to hold the largest revenue share of about 60% over the projected period. In latest years, the commercial application sector, which includes a number of hospitals, universities, laboratories, data centers, and server rooms, has seen an increase in demand for packaged air handling units. This is a result of the growth of numerous infrastructure-linked developments in different countries. Commercial buildings must have an air handling unit as part of their HVAC control system. The air which comes into a building from the outside is regulated and circulated so that it can be heated, cooled, and filtered as necessary. Due to their capacity variations, and extreme size, air handling systems may be used in a single room or whole buildings. When used for a commercial-sized building, they are frequently located either on the roof or in the basement.

Type (Packaged, Modular, Custom)

Air handling units market from the packaged segment is anticipated to have significant growth with a share of about 56% over the forecast period. Packaged air handling systems prove to be beneficial for the population with less house space, especially in urban regions. As a result, since packaging consumes less space, it is mostly preferred. Additionally, it also reduces the heating bill. Consequently, adoption is high among middle-class people in urban regions.

Our in-depth analysis of the global market includes the following segments:

          Type

  • Packaged
  • Modular
  • Custom

          End User

  • Residential
  • Commercial
  • Industrial

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Air Handling Units Industry- Regional Synopsis

APAC Market Forecast

The air handling units market in Asia Pacific is estimated to gather the largest revenue of about USD 77 Billion by the end of 2035. The growth of the market is set to grow on account of rising urban population. In the Asia-Pacific area, urbanization is still a defining megatrend. Asia is home to more than 2.2 billion people, or 54% of the world's metropolitan population. In Asia, an additional 1.2 billion people will live in urban areas by 2050, a growth of 50%. Hence, with this growth in urban population construction activities are on surge which is further boosting the deployment of air handling units. Moreover, since the urban population is on the rise, the population in commercial buildings is also growing such as hotels and malls. Consequently, the need for air handing units is growing.

North American Market Analysis

Additionally, the air handling units market in North America is growing at a noteworthy rate of 7% by the end of 2035. This could be owing to the high standard of living of the people in this region. Another element that contributes to the market growth is the prominent presence of air handler manufacturers in the United States and Canada. Additionally, both the commercial and industrial sectors have embraced the technical improvements in these items, including artificial intelligence or AI in IoT and sensor-based systems.

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Air Handling Units Market Size
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Companies Dominating the Air Handling Units Landscape

top-features-companies
    • Daikin Industries, Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Carrier Corporate
    • Trane Technologies Plc
    • Johnson Controls
    • Systemair AB
    • LG Electronics
    • Lennox International Inc.
    • Munters AB
    • Investment AB Latour (Publ)
    • Trox GmbH

In-the-news

In The News

  • With a MEUR 29 purchase price, Munters AB has purchased EDPAC, an Irish company that makes air handling and cooling solutions for data centers. In order to expand in the segment of prioritized data centres, Munters made the acquisition. With the acquisition, Munters, a pioneer in North America's market for energy-efficient data center cooling solutions, expands into Europe.
  • It was revealed that Silent-Aire had been fully acquired by Johnson Controls, a pioneer in smart, healthy, and sustainable buildings. For hyperscale cloud and colocation providers, Silent-Aire, with its headquarters in Edmonton, Alberta, specializes in the design, engineering, and production of specialized air handlers with a high degree of mission criticality and modular data centers. With an emphasis on quality, scalability, and speed-to-market, Silent-Aire's portfolio of data center solutions enables quick deployment of crucial equipment in various configurations.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5096
  • Published Date: Jul 22, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are the surge in the adoption of IoT in air handling units, growth in the crowd in malls, and a rise in the number of data centers.

The market size of air handling units is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Daikin Industries, Ltd., Carrier Corporate, Trane Technologies Plc, Johnson Controls, and others.

The commercial segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Air Handling Units Market Report Scope
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