Market Overview
Market Research Future has conducted an exhaustive research on the global Air Handling Unit
Market Size and concluded that the market is likely to develop at 5.1% CAGR over the forecast
period. The prevailing need for the high voltage alternating current applications are mostly owing
to the rapid urbanization and industrialization. Urbanization and industrialization are gradually
boosting the job opportunities all over the world. This in turn is spurring the demand for central
air conditioners to be used in the office spaces. Additionally, the booming trend of urbanization
and industrialization has boosted the development of schools, shopping malls, commercial
buildings, and entertainment hubs. For the successful functioning of these structures, air handling
unit plays a crucial role. Moreover, the surging prevalence of district heating/ cooling projects has
been driving the air handling unit market to a considerable extent. India, South Korea, and China
are nations that are financing new projects in the context of swift expansion of smart cities, real
estate, transportation, and infrastructure. Such aspects of the emerging economies act as the
influencing force for the air handling units in these markets.
Market Segmentation
Global air handling unit market has been segmented based on effect, region, and capacity. Based
on effect, the market has been segmented into single effect and double effect. Based on capacity,
the air handling unit market has been segmented into 5000m3/hr, 5000m3/hr to 15000m3/hr, and
over 15000m3/hr. Based on regions, the market has been segmented into Asia Pacific, Middle East
and Africa, North America, Europe, and rest of the world.
Regional Analysis
As per the report published by Market Research Future, air handling unit is expected to witness a
sharp rise in the Asia Pacific market owing to the rapid urbanization, the increasing population,
collectively with the growing job opportunities in the region. Additionally, the increasing
awareness about improving indoor air quality, accelerated application of HVAC in the heating
projects, and the rise in per capita income makes Asia Pacific a lucrative market for air handling
unit. The Middle East region has always experienced an augmented real estate sector along with a
spurring hospitality industry. These factors effectively influence the improving sales of air
handling unit in the Middle East market. Besides, the Middle East region is anticipated to observe
a growth in projects from district heating and cooling that are being consistently equipped with
centralized air systems. Besides, the norms laid down by the government for maintaining the air
quality in the workplace for offering healthy infrastructure to the workers is also driving the
demand for air handling units to a considerable extent.
Key Players
The global air handling unit market has been dominated by key players such as Systemair
(Sweden), TROX (U.S.), Johnson Controls (U.S.), GEA Air Treatment (Germany), Flakt Woods