Air Handling Units Market Synopsis:
Air Handling Units Market Size Was Valued at USD 12.62 Billion in 2023, and is Projected to Reach USD 19.92 Billion by 2032, Growing at a CAGR of 5.2% From 2024-2032.
The Air Handling Units (AHUs) industry refers to units that are used in heating, ventilating, and air-conditioning systems which are intended for controlling and distributing air. AHUs play a crucial role in regulating IAQ and temperature in different commercial and industrial applications, as well as residential buildings. These units include fans, filters coils, and dampers that create the means for air distribution, purification, and conditioning.
The Air Handling Units market has grown at a solid pace over the years mainly major due to the rising need for energy-efficient equipment in various industries. As the importance of sustainability increases and the requirement for high IAQ has been gaining importance the AHUs have become essential equipment in all commercial and industrial applications as well as in residential buildings. Known improvements in modularity, automation, and interfacing with IoT have further enriched and opened up their purposes and uses. Offices, malls and hotels are major segments because of increasing urbanization and comfort demand for indoor environment. At the same time, healthcare, density and similar facilities require specific AHUs characterized by stringent control of temperature and humidity for crucial work. The residential sector has also been integrating smaller AHUs in new-age apartment living and tall buildings due to urban ways of living, and recognition of IAQ relevance.
Changing environment laws and increasing requirements for sustainable products have strong impact on the current market situation. Central station air handling units with energy recovery, VAV systems, and high efficiency filtration are being selected more frequently. There is further improvement of operation efficiency by use of artificial intelligence particularly in the aspect of machine learning for predictive maintenance. Newly industrialized economies in APAC, M. East and Latin America are demonstrating exciting growth penetration, largely driven by fresh industrialization and infrastructure revolution.
Air Handling Units Market Trend Analysis:
Rise of Smart and IoT-Integrated AHUs
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The emergence of smart technologies as well as IoT compatibility in AHUs is changing the current market scenario. These kinds of improvements allow for the oversight of critical assets from a distance, control of energy usage and even the anticipation of equipment failure, making the system and overall operation more effective, thus cutting costs. IoT integrated AHUs collect information in real-time about the temperature, humidity level and air quality thus helping the facility managers take the right decisions and reduce the energy consumption.
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As smart building trends progress, AHUs are beginning to merge with building management systems (BMS). This trend is especially noticeable in commercial and industrial segments as automation is the key to operations’ productivity. Original equipment manufacturers are increasingly making efforts to place sensors and artificial intelligence into AHUs that can diagnose their problems and arrange regular maintenance on their own. This shift not only enables less downtime, but also caters for the world trend towards more sustainable, energy efficient solutions.
Expansion in Emerging Economies
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Due to the outsourcing trend across the world, several emerging economies include Asia-Pacific, the Middle East, and African countries have huge potential for the AHUs market. Growth in population rate, urbanization level, and construction activities in such areas due to modernization processes are the major drivers for HVAC system sales, including AHUs. There is strong emphasis on investments in infrastructure systems, including commercial buildings, housing projects and industrial structures, hence a potential positive environment for AHU implementation.
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Further, a growing consciousness of IAQ requirements in buildings, together with higher regulatory protocols in the sphere of environment, necessitates the use of innovative AHUs in these territories. This opportunity can be exploited by manufacturers who can present high quality and efficiency of the products related to the climatic and economic conditions of the emerging markets. That is why cooperative agreements with local distributors and expansion of investments in local production sites are considered to be efficient ways to reach this potential.
Air Handling Units Market Segment Analysis:
Air Handling Units Market is Segmented on the basis of type, capacity, Installation type Component, End User, and Region.
By Type, Modular Air Handling Units segment is expected to dominate the market during the forecast period
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Modular AHUs, Custom AHUs, Packaged AHUs and DX Integrated AHUs are four types of Air Handling Units to satisfy the market demands. Modular AHUs are well suited to various applications and therefore widely used, especially in retrofit projects. Secondly, the custom AHUs are designed to fit specific industrial or architectural requirements hence productivity in such operations is enhanced.
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Smart Systems for Packaged and DX Integrated AHUs are designed for small and confined areas and focus on energy saving and affordability. This segregation guarantees there is substantial value added to cover a broad range of end-user demands hence the market dynamism and differentiation.
By End User, Commercial segment expected to held the largest share
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The end-use segments in the case of AHUs also include Commercial use, Residential use, Industrial application, Healthcare, and Data Centers. The commercial use emerges predominant due the extensive implementation of the AHUs in offices, shopping centers, schools and other institutions concentrating in air comfort and quality.
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Health care and data facilities also have major needs owing to the necessity for accurate air purification as well as environmental management for certain areas. There is a gradual trend toward upscale sector with increased emphasis on smart homes and IAQ, whereas the industrial applications need to offer fast CO2 capture in extreme conditions.
Air Handling Units Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
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Asia Pacific is the leading region in the AHUs market due to industrialization, urbanization and development of infrastructure in a region. With the rising commercial and residential construction activities in countries such as China, India, and Japan, the sale of HVAC goods, including AHUs, is expected to rise.
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It also enjoys the government campaigns toward energy efficiency and green construction in the area. Growing concern towards IAQ and the growing trend toward energy efficient AHUs which are integrated into buildings also add to Asia-Pacific’s position as a dominant market. The various players are capitalizing on the region’s prospects by developing production capacity and partnering.
Active Key Players in the Air Handling Units Market
- Carrier Global Corporation (United States)
- CIAT Group (France)
- Daikin Industries, Ltd. (Japan)
- Dospel Sp. z o.o. (Poland)
- FläktGroup (Germany)
- Johnson Controls International (Ireland)
- Lennox International Inc. (United States)
- Munters Group AB (Sweden)
- Systemair AB (Sweden)
- Trane Technologies (United States)
- TROX GmbH (Germany)
- Vent-Axia (United Kingdom)
- Other Active Players
Key Industry Developments in the Air Handling Units Market:
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In February 2024, Modine announced that it had entered into a definitive agreement to acquire Scott Springfield Manufacturing, a manufacturer of AHU. Through this transaction, Modine gained immediate access to a complementary product portfolio and a customer base across several industries, such as telecommunications, hyperscale & colocation data centers, healthcare, and aerospace.
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In January 2024, Carrier expanded its HVAC product portfolio manufactured in India with the introduction of air handling units (AHUs) and fan coil units (FCUs) tailored to meet the diverse needs of India's commercial buildings. These new additions, designed to provide custom solutions for healthy indoor environments with high-efficiency air filtering, affirm Carrier's more than five-decade presence in India and underscore the company's commitment to the country's growth under the 'Make in India' initiative.
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In July 2024, Elta, in collaboration with Euroclima, broadens its air handling unit offerings. The partnership with Euroclima, a prominent manufacturer of Eurovent Certified air handling units, ventilation professionals have access to a wider array of design options for air handling units, complementing Elta's current lineup.
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Global Air Handling Units Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 12.62 Billion |
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Forecast Period 2024-32 CAGR: |
5.2% |
Market Size in 2032: |
USD 19.92 Billion |
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Segments Covered: |
By Type |
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By Capacity |
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By Installation Type |
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By Component |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Air Handling Units Market by Product
4.1 Air Handling Units Market Snapshot and Growth Engine
4.2 Air Handling Units Market Overview
4.3 Mountain Bikes
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Mountain Bikes: Geographic Segmentation Analysis
4.4 Hybrid Bikes
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Hybrid Bikes: Geographic Segmentation Analysis
4.5 Road Bikes
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Road Bikes: Geographic Segmentation Analysis
4.6 Cargo Bikes
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Cargo Bikes: Geographic Segmentation Analysis
4.7 Others
4.7.1 Introduction and Market Overview
4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.7.3 Key Market Trends, Growth Factors and Opportunities
4.7.4 Others: Geographic Segmentation Analysis
Chapter 5: Air Handling Units Market by Design
5.1 Air Handling Units Market Snapshot and Growth Engine
5.2 Air Handling Units Market Overview
5.3 Folding
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Folding: Geographic Segmentation Analysis
5.4 Regular
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Regular: Geographic Segmentation Analysis
Chapter 6: Air Handling Units Market by Technology
6.1 Air Handling Units Market Snapshot and Growth Engine
6.2 Air Handling Units Market Overview
6.3 Electric
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Electric: Geographic Segmentation Analysis
6.4 Conventional
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Conventional: Geographic Segmentation Analysis
Chapter 7: Air Handling Units Market by End-user
7.1 Air Handling Units Market Snapshot and Growth Engine
7.2 Air Handling Units Market Overview
7.3 Men
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Men: Geographic Segmentation Analysis
7.4 Women
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Women: Geographic Segmentation Analysis
7.5 Kids
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Kids: Geographic Segmentation Analysis
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Benchmarking
8.1.2 Air Handling Units Market Share by Manufacturer (2023)
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Mergers and Acquisitions
8.2 ACCELL GROUP
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Role of the Company in the Market
8.2.5 Sustainability and Social Responsibility
8.2.6 Operating Business Segments
8.2.7 Product Portfolio
8.2.8 Business Performance
8.2.9 Key Strategic Moves and Recent Developments
8.2.10 SWOT Analysis
8.3 ATLAS CYCLES (HARYANA) LTD
8.4 AVON CYCLES LTD
8.5 CERVELO
8.6 DOREL INDUSTRIES INC
8.7 GIANT BICYCLES
8.8 MERIDA INDUSTRY CO LTD
8.9 SPECIALIZED BICYCLE COMPONENTS INC
8.10 SCOTT SPORTS SA
8.11 TREK BICYCLE CORPORATION
8.12 ORBEA
8.13 BH BIKES
8.14 AXALKO BIKES
8.15 HAGEN BIKES
8.16 MAMMOTH BIKES
8.17 EGURRA BIKES
8.18 GARRI BIKE
8.19 OTHER MAJOR PLAYERS
8.20 OTHER ACTIVE PLAYERS
Chapter 9: Global Air Handling Units Market By Region
9.1 Overview
9.2. North America Air Handling Units Market
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Top Key Companies
9.2.3 Historic and Forecasted Market Size by Segments
9.2.4 Historic and Forecasted Market Size By Product
9.2.4.1 Mountain Bikes
9.2.4.2 Hybrid Bikes
9.2.4.3 Road Bikes
9.2.4.4 Cargo Bikes
9.2.4.5 Others
9.2.5 Historic and Forecasted Market Size By Design
9.2.5.1 Folding
9.2.5.2 Regular
9.2.6 Historic and Forecasted Market Size By Technology
9.2.6.1 Electric
9.2.6.2 Conventional
9.2.7 Historic and Forecasted Market Size By End-user
9.2.7.1 Men
9.2.7.2 Women
9.2.7.3 Kids
9.2.8 Historic and Forecast Market Size by Country
9.2.8.1 US
9.2.8.2 Canada
9.2.8.3 Mexico
9.3. Eastern Europe Air Handling Units Market
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Top Key Companies
9.3.3 Historic and Forecasted Market Size by Segments
9.3.4 Historic and Forecasted Market Size By Product
9.3.4.1 Mountain Bikes
9.3.4.2 Hybrid Bikes
9.3.4.3 Road Bikes
9.3.4.4 Cargo Bikes
9.3.4.5 Others
9.3.5 Historic and Forecasted Market Size By Design
9.3.5.1 Folding
9.3.5.2 Regular
9.3.6 Historic and Forecasted Market Size By Technology
9.3.6.1 Electric
9.3.6.2 Conventional
9.3.7 Historic and Forecasted Market Size By End-user
9.3.7.1 Men
9.3.7.2 Women
9.3.7.3 Kids
9.3.8 Historic and Forecast Market Size by Country
9.3.8.1 Russia
9.3.8.2 Bulgaria
9.3.8.3 The Czech Republic
9.3.8.4 Hungary
9.3.8.5 Poland
9.3.8.6 Romania
9.3.8.7 Rest of Eastern Europe
9.4. Western Europe Air Handling Units Market
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Top Key Companies
9.4.3 Historic and Forecasted Market Size by Segments
9.4.4 Historic and Forecasted Market Size By Product
9.4.4.1 Mountain Bikes
9.4.4.2 Hybrid Bikes
9.4.4.3 Road Bikes
9.4.4.4 Cargo Bikes
9.4.4.5 Others
9.4.5 Historic and Forecasted Market Size By Design
9.4.5.1 Folding
9.4.5.2 Regular
9.4.6 Historic and Forecasted Market Size By Technology
9.4.6.1 Electric
9.4.6.2 Conventional
9.4.7 Historic and Forecasted Market Size By End-user
9.4.7.1 Men
9.4.7.2 Women
9.4.7.3 Kids
9.4.8 Historic and Forecast Market Size by Country
9.4.8.1 Germany
9.4.8.2 UK
9.4.8.3 France
9.4.8.4 The Netherlands
9.4.8.5 Italy
9.4.8.6 Spain
9.4.8.7 Rest of Western Europe
9.5. Asia Pacific Air Handling Units Market
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Top Key Companies
9.5.3 Historic and Forecasted Market Size by Segments
9.5.4 Historic and Forecasted Market Size By Product
9.5.4.1 Mountain Bikes
9.5.4.2 Hybrid Bikes
9.5.4.3 Road Bikes
9.5.4.4 Cargo Bikes
9.5.4.5 Others
9.5.5 Historic and Forecasted Market Size By Design
9.5.5.1 Folding
9.5.5.2 Regular
9.5.6 Historic and Forecasted Market Size By Technology
9.5.6.1 Electric
9.5.6.2 Conventional
9.5.7 Historic and Forecasted Market Size By End-user
9.5.7.1 Men
9.5.7.2 Women
9.5.7.3 Kids
9.5.8 Historic and Forecast Market Size by Country
9.5.8.1 China
9.5.8.2 India
9.5.8.3 Japan
9.5.8.4 South Korea
9.5.8.5 Malaysia
9.5.8.6 Thailand
9.5.8.7 Vietnam
9.5.8.8 The Philippines
9.5.8.9 Australia
9.5.8.10 New Zealand
9.5.8.11 Rest of APAC
9.6. Middle East & Africa Air Handling Units Market
9.6.1 Key Market Trends, Growth Factors and Opportunities
9.6.2 Top Key Companies
9.6.3 Historic and Forecasted Market Size by Segments
9.6.4 Historic and Forecasted Market Size By Product
9.6.4.1 Mountain Bikes
9.6.4.2 Hybrid Bikes
9.6.4.3 Road Bikes
9.6.4.4 Cargo Bikes
9.6.4.5 Others
9.6.5 Historic and Forecasted Market Size By Design
9.6.5.1 Folding
9.6.5.2 Regular
9.6.6 Historic and Forecasted Market Size By Technology
9.6.6.1 Electric
9.6.6.2 Conventional
9.6.7 Historic and Forecasted Market Size By End-user
9.6.7.1 Men
9.6.7.2 Women
9.6.7.3 Kids
9.6.8 Historic and Forecast Market Size by Country
9.6.8.1 Turkiye
9.6.8.2 Bahrain
9.6.8.3 Kuwait
9.6.8.4 Saudi Arabia
9.6.8.5 Qatar
9.6.8.6 UAE
9.6.8.7 Israel
9.6.8.8 South Africa
9.7. South America Air Handling Units Market
9.7.1 Key Market Trends, Growth Factors and Opportunities
9.7.2 Top Key Companies
9.7.3 Historic and Forecasted Market Size by Segments
9.7.4 Historic and Forecasted Market Size By Product
9.7.4.1 Mountain Bikes
9.7.4.2 Hybrid Bikes
9.7.4.3 Road Bikes
9.7.4.4 Cargo Bikes
9.7.4.5 Others
9.7.5 Historic and Forecasted Market Size By Design
9.7.5.1 Folding
9.7.5.2 Regular
9.7.6 Historic and Forecasted Market Size By Technology
9.7.6.1 Electric
9.7.6.2 Conventional
9.7.7 Historic and Forecasted Market Size By End-user
9.7.7.1 Men
9.7.7.2 Women
9.7.7.3 Kids
9.7.8 Historic and Forecast Market Size by Country
9.7.8.1 Brazil
9.7.8.2 Argentina
9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
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Global Air Handling Units Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 12.62 Billion |
|
Forecast Period 2024-32 CAGR: |
5.2% |
Market Size in 2032: |
USD 19.92 Billion |
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Segments Covered: |
By Type |
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By Capacity |
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By Installation Type |
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By Component |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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