Air Handling Unit Market By Type (<15,000 m3/h, 15,000-50,000 m3/h, and >50,000 m3/h), By Application (Commercial, Industrial, Offices, Hotel & Leisure, Education, Residential, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Air Handling units are an assembly of cooling equipment that are primarily installed in confined spaces for the circulation of air, along with its cooling, heating, mixing, humidifying, and dehumidifying. The air handling units assist in controlling the humidity, temperature, and cleanliness of the surrounding environment.

Market Dynamics

The rapid growth of the worldwide HVAC industry and increasing demand for efficient, high-energy power for rapidly industrialized regions are the primary factors driving the market growth. The rapid rise in demand for cooling & ventilation solutions in areas witnessing harsh climatic conditions have substantially improved the application of air handlers on a global scale, improving the market growth prospects. The efficient power utilization of energy sources by the air handlers have also been effective in energy-intensive sectors, furthering the rise in product demand. However, high maintenance fees and costs might hamper market growth. The presence of dirty air filters impedes airflow throughout the house. Thus the indoor and outdoor air handler unit requires regular maintenance, which is a cost-intensive expenditure. The continued technological innovation and product development to improve performance would provide lucrative opportunities for the market in the coming years. To be able to improve energy ratings of HVAC solutions while maintaining optimized costs of operations, the industry has also been fixated on the proper integration of air handling units in cooling & heating solutions, increasing product applications.
 
Market Segmentation

The global Air Handling Unit market is mainly classified based on Type and Application. Type is further segmented into <15,000 m3/h, 15,000-50,000 m3/h, and >50,000 m3/h. By Application, the market is divided into Commercial, Industrial, Offices, Hotel & Leisure, Education, Residential, and Others.

The 15,000-50,000 m3/h is a prominent segment by Type in terms of volume and value, owing to the rapid product adoption in industrial enterprises which require to maintain temperature and humidity ranges in a bid to utilize energy in an effective manner.

In terms of volume, the Industrial segment by Application is expected to reach 1,490.8 K Units; witnessing a CAGR of 5.1% during forecast period. The rapid rate of industrialization in emerging economies has contributed to the comprehensive implementation of air handler units on a worldwide scale, with the industries focused on reducing energy bills through full optimization of resources.

Regional Analysis

Based on geography, the global Air Handling Unit market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia-Pacific holds a significant regional share in terms value and volume, owing to the robust growth of the HVAC industry in the residential and commercial sectors, along with growing consumer interest to maintain humane conditions in the face of rising heat & temperatures. The establishment of several manufacturing industries in the regional construction and automotive sectors have increased demand for the installation of air handler units on a rapid scale, which would propel the regional market growth in the coming years.
 
Competitive landscape

The Air Handling Unit market is fairly fragmented, with several global and regional players competing in the existing market scenario to expand business opportunities through increasing sales and improvement in product performance. The regional companies have an effective distributor network to cater to the needs of a varied consumer base, thereby intensifying the market competitiveness.

Key players operating in the Air Handling Unit industry include Carrier Corporation, Trane Inc., YORK, WOLF GmbH, GEA Group Aktiengesellschaft, Sabiana SPA, Daikin Industries, Ltd., Euroclima SPA, Systemair AB, Flakt Woods Group, Ciat Group, Trox GmbH, Lennox International Inc., Airedale International Air Conditioning Ltd., Novenco AS, and VTS Group.

New product launches after extensive research & development and expansion of business opportunities through the formation of strategic collaborations & partnerships are the primarily followed business strategies of the top players looking to capture substantial market share.

Air Handling Unit Market Key Segments

By Type
• 15,000 m3/h
• 15,000-50,000 m3/h
• 50,000 m3/h

By Application
• Commercial
• Industrial
• Offices
• Hotel & Leisure
• Education
• Residential
• Others

Key Global Air Handling Unit Industry Players

• Carrier Corporation
• Trane Inc.
• YORK
• WOLF GmbH
• GEA Group Aktiengesellschaft
• Sabiana SPA
• Daikin Industries, Ltd.
• Euroclima SPA
• Systemair AB
• Flakt Woods Group
• Ciat Group
• Trox GmbH
• Lennox International Inc.
• Airedale International Air Conditioning Ltd.
• Novenco AS
• VTS Group

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Air Handling Unit Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rapid growth of the worldwide HVAC industry
3.3.2. Increasing demand for efficient, high-energy power for rapidly industrialized regions
3.4. Restraints
3.4.1. High maintenance fees and costs
3.5. Opportunity
3.5.1. Continued technological innovation & product development to improve performance
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. <15,000 m3/h 4.2.1. Market Size & Forecast 4.3. 15,000-50,000 m3/h 4.3.1. Market Size & Forecast 4.4. >50,000 m3/h
4.4.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Commercial
5.2.1. Market Size & Forecast
5.3. Industrial
5.3.1. Market Size & Forecast
5.4. Offices
5.4.1. Market Size & Forecast
5.5. Hotel & Leisure
5.5.1. Market Size & Forecast
5.6. Education
5.6.1. Market Size & Forecast
5.7. Residential
5.7.1. Market Size & Forecast
5.8. Others
5.8.1. Market Size & Forecast

6. Air Handling Unit Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Air Handling Unit Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Air Handling Unit Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Spain
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Air Handling Unit Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Air Handling Unit Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Air Handling Unit Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Carrier Corporation
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Carrier Corporation Product Category, Application, and Specification
7.1.3. Carrier Corporation Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. Trane Inc.
7.3. YORK
7.4. WOLF GmbH
7.5. GEA Group Aktiengesellschaft
7.6. Sabiana SPA
7.7. Daikin Industries, Ltd.
7.8. Euroclima SPA
7.9. Systemair AB
7.10. Flakt Woods Group
7.11. Ciat Group
7.12. Trox GmbH
7.13. Lennox International Inc.
7.14. Airedale International Air Conditioning Ltd.
7.15. Novenco AS
7.16. VTS Group