Global Air Handling Unit Market, Global Air Handling Unit Industry: Ken Research

Air handling unit is also referred to as air handler. It is a central air-conditioning unit that handles the air-circulating within the whole HVAC system. It is among the most essential components to be considered in designing air conditioning system. It is an integrated unit comprising a variety of equipment including fans, air-control dampers, filters, heating/cooling coils and others. Its prime purpose is to accumulate & mix the outdoor air with indoor circulating air. It is typically constructed in the frame structure made up of galvanized steel and aluminum or related alloys. It is basically equipped with the environmental protection for instance sealing around the joints and weatherproof covers for better protection & longer life. These air handling units are categorized into many types: modular air handling units, Dx integrated air handling units, packaged air handling units, rooftop mounted air handling units, low profile (ceiling) air handling units and custom air handling units.

Referring to study, “Global Air Handling Unit Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global air handling unit market include Carrier Corporation, GEA Group AG, Daikin Industries Ltd, Trane Inc, Systemair AB, Johnson Controls Inc, Flakt Woods Group, Systemair AB, Lennox International Inc, Trox GmbH, Flakt Woods Group among others. Leading manufacturers are majorly focused on providing energy efficient products/services in order to maintain their competitive-edge in the global market.

Based on type, air handling unit market is segmented as <5,000 m3/h, 5,000-15,000 m3/h and >15,000 m3/h. <5000 m3/h segment dominates the global market due to increase in use by residential and small premises. In addition, based on application, market is segmented as residential, commercial, and industrial. The commercial segment is expected to exhibit substantial growth rate owing to rise in demand for these units in the commercial sector including hospitals, shopping malls, and schools during the forecast period.

The air handling unit market is driven by growth in technological advancements in air handling units, followed by increase in pollution level around the world, growth in industrialization & infrastructure projects and rise in demand from food& beverages, chemical, pharmaceutical, and oil & gas industries. However, high cost of air handling products and low preference of air handling units in North America and Europe may impact the market. Moreover, new product innovation & development and fewer rules related to the air handling units industry in the developing economies are key opportunities for market. Based on geography, the Asia-pacific is a leading region in global air handling unit market owing to high economic growth rate, rise in demand for infrastructure as the wealth of the region coupled with initiatives taken by the governments for inflow of foreign investments to support the domestic demand across the region. The North-America and Europe regions are anticipated to witness higher growth rate due to new technologies & customized designs of air-handling units over the forecast period. It is predicted that global air handling unit market will be reached at rapid pace as a result of increase in investment across various sectors, such as building & construction, pharmaceutical, hospitals, data centers, and R&D laboratories during the forecast period.

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Global Air Handling Unit Market

Related Report:-

Global Modular Air Handling Units Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

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