NEW
YORK, July 17, 2024 /PRNewswire/ -- The global
air handling unit market size is estimated to grow by USD 4.69 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
over 8.22% during the forecast period. Growing construction
sector is driving market growth, with a trend
towards rise in the incorporation of building automation
systems (BAS). However, high market competition poses a
challenge. Key market players include American Air Filter Co. Inc.,
Arbonia AG, Ariston Holding NV, Breezeair Technology, Carrier
Global Corp., Cooke Industries, Daikin Industries Ltd., Desiccant
Technologies Group, Environmental Air Systems LLC, Euroclima AG,
Fischbach Luft und Ventilatorentechnik GmbH, FlaktGroup Holding
GmbH, Heinen and Hopman, Johnson Controls International Plc.,
Lennox International Inc., MANDIKA AS, MIDEA Group Co. Ltd.,
Systemair AB, Trane Technologies plc, and VTS Polska Sp. Z o.
O..
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Air Handling Unit
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
8.22%
|
Market growth
2024-2028
|
USD 4699
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
7.43
|
Regional
analysis
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 54%
|
Key
countries
|
China, US, Japan,
Germany, and UK
|
Key companies
profiled
|
American Air Filter Co.
Inc., Arbonia AG, Ariston Holding NV, Breezeair Technology, Carrier
Global Corp., Cooke Industries, Daikin Industries Ltd., Desiccant
Technologies Group, Environmental Air Systems LLC, Euroclima AG,
Fischbach Luft und Ventilatorentechnik GmbH, FlaktGroup Holding
GmbH, Heinen and Hopman, Johnson Controls International Plc.,
Lennox International Inc., MANDIKA AS, MIDEA Group Co. Ltd.,
Systemair AB, Trane Technologies plc, and VTS Polska Sp. Z o.
O.
|
Market Driver
Building Automation Systems (BAS) are becoming increasingly
common in managing and interacting with HVAC, lighting, fire, and
security systems in buildings. With the rise in construction and
retrofit projects, the number of BAS installations has
significantly increased. BAS technology enhances facility
management by ensuring energy efficiency and incorporating
user-friendly HVAC solutions. Advanced sensor technology and
communication tools enable improved user interfaces. Manufacturers
use open protocols like the Internet protocol to provide better
control solutions. BAS technology allows for optimized HVAC
performance, automatically adjusting to occupancy patterns and
energy consumption. This results in considerable energy savings,
making BAS a key driver in the Air Handling Unit market during the
forecast period.
The Air Handling Unit (AHU) market is thriving, driven by trends
in ductwork, airflow control, and energy efficiency. Rooftop units
are popular for commercial buildings due to their compact design
and thermal comfort. Variable air volume (VAV) and constant air
volume (CAV) systems ensure optimal supply and return air
distribution. Fresh air intake and exhaust air management are
crucial for indoor air quality and safety standards. Noise control
and pressure control are essential for occupant comfort. Building
regulations and safety standards continue to evolve, pushing the
market towards smart HVAC solutions, green buildings, and
sustainable HVAC designs. Retrofits and after-sales support are key
areas of growth. The market includes air conditioning, ventilation
systems, heat recovery, and cooling/heating coils, among other
components. Energy efficiency, humidification, dehumidification,
and air filtration are also important considerations.
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Market Challenges
- The Air Handling Unit (AHU) market is highly competitive due to
the presence of numerous regional and international players.
Vendors face continuous pressure to manage price fluctuations and
maintain a competitive edge. Decreasing prices of HVAC equipment
and components, coupled with reducing profit margins, have forced
companies to broaden their product offerings. Regional vendors
offering low-cost alternatives pose a significant challenge to
international players, affecting their pricing strategies, R&D
investments, and brand image. Joint ventures and strategic
alliances, such as Hitachi and Johnson Controls' partnership, have
intensified competition by enabling better building solutions for
consumers.
- The Air Handling Unit (AHU) market faces several challenges in
various sectors, including commercial and residential buildings.
Ductwork design and installation are crucial for optimal airflow
control. Rooftop units require careful consideration for thermal
comfort in both supply and return air. Fresh air intake and exhaust
air management are essential for Indoor Air Quality (IAQ) and
energy efficiency. Variable Air Volume (VAV) and Constant Air
Volume (CAV) systems need precise pressure control to ensure
efficient HVAC performance. Building regulations and safety
standards mandate noise control and energy efficiency. Smart HVAC
technology, green building, and sustainable HVAC solutions are
becoming increasingly important. Retrofits require after-sales
support for successful implementation. Components like cooling
coils, heating coils, fan sections, air filtration, humidification,
and dehumidification play significant roles in system
functionality. Heat recovery and energy efficiency are key concerns
for AHU manufacturers. Air conditioning and ventilation systems
must meet the demands of modern buildings while adhering to
stringent regulations. Overall, addressing these challenges
requires a comprehensive understanding of AHU systems and their
components.
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Segment Overview
This air handling unit market report extensively covers market
segmentation by
- End-user
- 1.1 Non-residential
- 1.2 Residential
- Capacity
- 2.1 Up to 5000 m3 per hour
- 2.2 Above 15000 m3 per hour
- 2.3 5000 to 15000 m3 per hour
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Non-residential- The Air Handling Unit (AHU) market
is growing due to increasing demand for energy-efficient HVAC
systems in commercial and industrial buildings. AHUs condition and
circulate air as part of heating, ventilation, and air conditioning
systems. Their energy efficiency and ability to improve indoor air
quality make them essential for maintaining comfortable and healthy
work environments. Market growth is driven by factors such as
stringent energy regulations, rising construction activities, and
the need for sustainable building solutions.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global Marine Air Conditioning (AC) Systems Market is
experiencing significant growth driven by rising demand for
enhanced comfort and energy efficiency in marine vessels.
Innovations in eco-friendly refrigerants and advanced HVAC
technologies are key drivers. Meanwhile, the HVAC Systems
Market in India is expanding
rapidly due to urbanization, increased construction activities, and
a growing middle-class population. Energy-efficient systems and
smart HVAC solutions are gaining traction, supported by government
initiatives promoting sustainable practices. Both markets present
lucrative opportunities for key players and investors.
Research Analysis
The Air Handling Unit (AHU) market encompasses a range of
systems used for heating, ventilating, and air conditioning (HVAC)
in commercial, industrial, and residential buildings. AHUs
integrate various components such as cooling coils, heating coils,
fan sections, air filtration, humidification, and dehumidification
systems to maintain thermal comfort and ensure energy efficiency.
They are available in various designs, including rooftop units,
chilled water systems, and variable air volume (VAV) or constant
air volume (CAV) systems. AHUs play a crucial role in indoor air
quality management by providing proper airflow control, air
distribution, and air filtration, making them essential for
maintaining healthy and comfortable environments. Heat recovery
systems are also integrated into AHUs to minimize energy losses and
enhance overall system efficiency.
Market Research Overview
The Air Handling Unit (AHU) market encompasses a range of HVAC
systems designed to condition and circulate air in both commercial
and residential buildings. These systems incorporate elements such
as HVAC systems, air conditioning, ventilation systems, heat
recovery, energy efficiency, indoor air quality, air filtration,
humidification, dehumidification, air distribution, cooling coils,
heating coils, fan sections, ductwork, airflow control, rooftop
units, thermal comfort, variable air volume (VAV), and constant air
volume (CAV) systems. AHUs provide fresh air intake and exhaust air
removal, maintaining thermal comfort while ensuring proper airflow
control, noise reduction, and pressure management. Building
regulations and safety standards mandate the implementation of
these systems, which can be retrofitted or integrated during new
construction. Energy efficiency and sustainability are key
considerations, with smart HVAC technology and green building
solutions increasingly popular. After-sales support and maintenance
are essential for optimal system performance.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Non-residential
- Residential
- Capacity
-
- Up To 5000 M3 Per Hour
- Above 15000 M3 Per Hour
- 5000 To 15000 M3 Per Hour
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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