Air Handling Units Market Size, Share, and Analysis, By Type (Packaged, Modular, Custom), By Business Type (New Equipment and Aftermarket), By Capacity (Less than 5,000 M3/h, 5,001 M3/h-15,000 M3/h, 15,001 M3/h-30,000 M3/h, and more than 30,000 M3/h), and By Application (Residential, Commercial, and Industrial), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
Air Handling Units Market Size, Share, and Analysis, By Type (Packaged, Modular, Custom), By Business Type (New Equipment and Aftermarket), By Capacity (Less than 5,000 M3/h, 5,001 M3/h-15,000 M3/h, 15,001 M3/h-30,000 M3/h, and more than 30,000 M3/h), and By Application (Residential, Commercial, and Industrial), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Air Handling Units Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 12.3 billion and is projected t%li%reach USD 23.8 billion by the completion of 2034.
Air handling units (AHUs) are essential components of HVAC systems which are used t%li%manage and circulate air throughout spaces including offices, hospitals, and industrial facilities. These units consist of various elements such as filters, fans, coils, and dampers, that are essential for preserving the purity of the indoor air. They perform several activities, including drawing in outside air, filtering it t%li%enhance air quality, conditioning it via coils, and distributing it throughout the building. The filtering process removes dust, allergens, and pollutants, resulting in better indoor environments. Meanwhile, fans help t%li%circulate air, while dampers control airflow and guide conditioned air t%li%specified places. Therefore, AHUs create optimal indoor conditions for residents and industrial procedures, by ensuring sufficient ventilation, temperature, and air purification. Their well-coordinated operation supports HVAC system efficiency while maintaining comfortable and healthful surroundings.
MARKET HIGHLIGHTS
Air Handling Units Market is projected t%li%achieve USD 23.8 billion during the forecast period, owing t%li%increased demand for efficient HVAC systems across diverse industries. This surge is driven by growing awareness regarding indoor air quality, energy efficiency regulations, and the requirement for improved ventilation systems. Additionally, the market observed significant developments such as increasing inclination toward energy-efficient AHUs that contain modern innovations such as heat recovery systems, variable air volume controls, and smart sensors t%li%improve efficiency. Moreover, healthcare, industrial, and data centers, collectively make significant contributions t%li%market growth by providing superior air quality and accurate temperature management. Furthermore, businesses across the world are prioritizing healthier indoor environments and energy-saving solutions, which is driving continuous innovation and technological improvements in AHU systems. Therefore, the trajectory of this market indicates that it will continue t%li%expand as need for efficient HVAC systems remains a global priority.
Air Handling Units Market Segments:
Growth Drivers
Growing Need for Energy-Saving Solutions Will Open Up New Business Prospects
Developing Commercial Infrastructure Will Create New Opportunities for Growth
Restraint
Concerns about high initial implementation costs may limit market growth
Key Players
PRODUCT OVERVIEW
Air Handling Units Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 12.3 billion and is projected t%li%reach USD 23.8 billion by the completion of 2034.
Air handling units (AHUs) are essential components of HVAC systems which are used t%li%manage and circulate air throughout spaces including offices, hospitals, and industrial facilities. These units consist of various elements such as filters, fans, coils, and dampers, that are essential for preserving the purity of the indoor air. They perform several activities, including drawing in outside air, filtering it t%li%enhance air quality, conditioning it via coils, and distributing it throughout the building. The filtering process removes dust, allergens, and pollutants, resulting in better indoor environments. Meanwhile, fans help t%li%circulate air, while dampers control airflow and guide conditioned air t%li%specified places. Therefore, AHUs create optimal indoor conditions for residents and industrial procedures, by ensuring sufficient ventilation, temperature, and air purification. Their well-coordinated operation supports HVAC system efficiency while maintaining comfortable and healthful surroundings.
MARKET HIGHLIGHTS
Air Handling Units Market is projected t%li%achieve USD 23.8 billion during the forecast period, owing t%li%increased demand for efficient HVAC systems across diverse industries. This surge is driven by growing awareness regarding indoor air quality, energy efficiency regulations, and the requirement for improved ventilation systems. Additionally, the market observed significant developments such as increasing inclination toward energy-efficient AHUs that contain modern innovations such as heat recovery systems, variable air volume controls, and smart sensors t%li%improve efficiency. Moreover, healthcare, industrial, and data centers, collectively make significant contributions t%li%market growth by providing superior air quality and accurate temperature management. Furthermore, businesses across the world are prioritizing healthier indoor environments and energy-saving solutions, which is driving continuous innovation and technological improvements in AHU systems. Therefore, the trajectory of this market indicates that it will continue t%li%expand as need for efficient HVAC systems remains a global priority.
Air Handling Units Market Segments:
- By Type
- Packaged
- Modular
- Custom
- By Business Type
- New Equipment
- Aftermarket
- By Capacity
- Less than 5,000 M3/h
- 5,001 M3/h-15,000 M3/h
- 15,001 M3/h-30,000 M3/h
- More than 30,000 M3/h
- By Application
- Residential
- Commercial
- Industrial
Growth Drivers
Growing Need for Energy-Saving Solutions Will Open Up New Business Prospects
Developing Commercial Infrastructure Will Create New Opportunities for Growth
Restraint
Concerns about high initial implementation costs may limit market growth
Key Players
- Daikin Industries Ltd.
- Carrier Global Corporation
- Trane Technologies plc
- Johnson Controls International plc
- Mitsubishi Electric Corporation
- Systemair AB
- LG Electronics Inc.
- Lennox International Inc.
- FlдktGroup Holding GmbH
- Munters Group AB
- Nortek Air Solutions
- Sabiana S.p.A.
- Wolf GmbH
- Biddle B.V.
- CIAT Group
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2.Business Trends
1.3. Air Handling Units Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Air Handling Units Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.AIR HANDLING UNITS MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.AIR HANDLING UNITS MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. AIR HANDLING UNITS MARKET SIZE & FORECAST 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Type
11.3.1.1. Packaged
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Modular
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Custom
11.3.1.3.1. By Value (USD Million) 2024-2034F
11.3.1.3.2.Market Share (%) 2024-2034F
11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Business Type
11.3.2.1.New Equipment
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Aftermarket
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Capacity
11.3.3.1.Less than 5000 M3/h
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. 5001-15,000 M3/h
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.3. 15,000-30,000 M3/h
11.3.3.3.1.By Value (USD Million) 2024-2034F
11.3.3.3.2. Market Share (%) 2024-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.4. More than 30,000 M3/h
11.3.3.4.1.By Value (USD Million) 2024-2034F
11.3.3.4.2. Market Share (%) 2024-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.By Application
11.3.4.1.Residential
11.3.4.1.1. By Value (USD Million) 2024-2034F
11.3.4.1.2.Market Share (%) 2024-2034F
11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.4.2. Commercial
11.3.4.2.1.By Value (USD Million) 2024-2034F
11.3.4.2.2. Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.3. Industrial
11.3.4.3.1.By Value (USD Million) 2024-2034F
11.3.4.3.2. Market Share (%) 2024-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
12.NORTH AMERICA AIR HANDLING UNITS MARKET SIZE & FORECAST 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Type
12.3.2. By Business Type
12.3.3. By Capacity
12.3.4. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE AIR HANDLING UNITS MARKET SIZE & FORECAST 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Type
13.3.2. By Business Type
13.3.3. By Capacity
13.3.4. By Application
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC AIR HANDLING UNITS MARKET SIZE & FORECAST 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Type
14.3.2. By Business Type
14.3.3. By Capacity
14.3.4. By Application
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA AIR HANDLING UNITS MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Type
15.3.2. By Business Type
15.3.3. By Capacity
15.3.4. By Application
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA AIR HANDLING UNITS MARKET SIZE & FORECAST 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Type
16.3.2. By Business Type
16.3.3. By Capacity
16.3.4. By Application
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Daikin Industries Ltd.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Carrier Global Corporation
18.3. Trane Technologies plc
18.4. Johnson Controls International plc
18.5. Mitsubishi Electric Corporation
18.6. Systemair AB
18.7. LG Electronics Inc.
18.8. Lennox International Inc.
18.9. FlдktGroup Holding GmbH
18.10. Munters Group AB
18.11.Nortek Air Solutions
18.12. Sabiana S.p.A.
18.13. Wolf GmbH
18.14. Biddle B.V.
18.15. CIAT Group
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2.Business Trends
1.3. Air Handling Units Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Air Handling Units Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.AIR HANDLING UNITS MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.AIR HANDLING UNITS MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. AIR HANDLING UNITS MARKET SIZE & FORECAST 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Type
11.3.1.1. Packaged
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Modular
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Custom
11.3.1.3.1. By Value (USD Million) 2024-2034F
11.3.1.3.2.Market Share (%) 2024-2034F
11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Business Type
11.3.2.1.New Equipment
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Aftermarket
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Capacity
11.3.3.1.Less than 5000 M3/h
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. 5001-15,000 M3/h
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.3. 15,000-30,000 M3/h
11.3.3.3.1.By Value (USD Million) 2024-2034F
11.3.3.3.2. Market Share (%) 2024-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.4. More than 30,000 M3/h
11.3.3.4.1.By Value (USD Million) 2024-2034F
11.3.3.4.2. Market Share (%) 2024-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.By Application
11.3.4.1.Residential
11.3.4.1.1. By Value (USD Million) 2024-2034F
11.3.4.1.2.Market Share (%) 2024-2034F
11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.4.2. Commercial
11.3.4.2.1.By Value (USD Million) 2024-2034F
11.3.4.2.2. Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.3. Industrial
11.3.4.3.1.By Value (USD Million) 2024-2034F
11.3.4.3.2. Market Share (%) 2024-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
12.NORTH AMERICA AIR HANDLING UNITS MARKET SIZE & FORECAST 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Type
12.3.2. By Business Type
12.3.3. By Capacity
12.3.4. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE AIR HANDLING UNITS MARKET SIZE & FORECAST 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Type
13.3.2. By Business Type
13.3.3. By Capacity
13.3.4. By Application
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC AIR HANDLING UNITS MARKET SIZE & FORECAST 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Type
14.3.2. By Business Type
14.3.3. By Capacity
14.3.4. By Application
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA AIR HANDLING UNITS MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Type
15.3.2. By Business Type
15.3.3. By Capacity
15.3.4. By Application
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA AIR HANDLING UNITS MARKET SIZE & FORECAST 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Type
16.3.2. By Business Type
16.3.3. By Capacity
16.3.4. By Application
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Daikin Industries Ltd.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Carrier Global Corporation
18.3. Trane Technologies plc
18.4. Johnson Controls International plc
18.5. Mitsubishi Electric Corporation
18.6. Systemair AB
18.7. LG Electronics Inc.
18.8. Lennox International Inc.
18.9. FlдktGroup Holding GmbH
18.10. Munters Group AB
18.11.Nortek Air Solutions
18.12. Sabiana S.p.A.
18.13. Wolf GmbH
18.14. Biddle B.V.
18.15. CIAT Group
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
