In its research report, Market Research Future (MRFR, highlights that over the review period, the global air handling units market 2020 is projected to rise exponentially, securing a significant market valuation and a healthy CAGR.
Drivers and Restraints
Owing to industrialization and urbanization the market for the high voltage alternating current applications is growing. The demand for successful HVAC units, including air handling systems, is altering the competitive environment of the industry. The global increase in the construction of offices, classrooms, commercial buildings, and industries is expected to fuel the air handling device market further. The increasing demand for air handling units from commercial application sectors such as shopping malls , hospitals, data centers, pharmaceutical universities & other industries, and laboratories is expected to drive the market for air handling units. Demand for central cooling conditioners and heating tools is increasing and the demand for ventilation and air handler products is also high. In addition, stringent regulations against cheap air quality have also led to strong demand for air handling units (AHU). The main factors driving the markets for air handling units include increasing industrialization, increasing infrastructure projects, increasing projects for district cooling / heating. The increasing use of air handling units across various application sectors, such as commercial buildings, universities, industries, hospitals, data centers, and server rooms is expected to fuel the growth of the market for air handling units.
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Segmental Analysis
Air Handling Unit Market can be segmented, based on capacity, effect, and region. On the basis of effect, the market is bifurcated as Single Effect and Double Effect. The double effect segment is leading the market size owing to advance functions such as temperature reset, different volume regulator, less energy consumption, demand-based control, and removal of cooling/heating process. On the basis of capacity, the market is divided as 5000m3/hr - 15000m3/hr, up to 5000m3/hr, and above 15000m3/hr. Up to 5000m3/hr segment is slated to account for the largest market size due to its augmented use by residential and small premises, and also by growing commercial buildings.
Regional Analysis
The global market regional review was performed in four major regions including Asia Pacific, North America, Europe and the rest of the world.Asia Pacific region and the Middle East region are projected to drive the market as the regions' wealth rises due to high demand for infrastructure. China, South Korea, India are economies that are investing in new smart city ventures, infrastructure growth that is directly linked to the nation's economy. That drives the developing economies' demand for air handling units. This region's large share is due to the high rate of economic growth, followed by heavy investments across various industries, such as pharmaceutical, building & construction, hospitals, data centers, and R&D labs. In addition, initiatives taken by different governments to inflow foreign investment to support domestic demand are also anticipated to drive demand from the air handling units in this area.
The Middle East area expects a increase in District Cooling and Heating projects as well as new smart cities with integrated air systems. That is expected to positively drive the AHU market. In addition, the regulations for ensuring air quality for safe atmosphere for staff in the commercial building also drive the need for air handling systems to ensure adequate ventilation in the buildings.
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Competitive Analysis
The major market players operating in the global market as identified by MRFR are Systemair (Sweden), Daikin (Japan), TROX (U.S.), Lennox International (U.S.),GEA Air Treatment (Germany), Johnson Controls (U.S.), Sabiana (U.K), and Flakt Woods (U.K.). and Hitachi Ventus (Japan), Carrier Corporation (UK), Flakt Woods Group (Sweden), Trane Inc. (Ireland), CIAT Group (France), and Swegon (Sweden), are among others.
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