World Air Handling Units Market Expected to Grow at CAGR of 8% by Forecast to 2022

Air Handling Units Market Information Report
Air Handling Units Market Information Report by Capacity (Up to 5000 m3/hr, 5000 m3/hr – 10000 m3/hr, 10000 m3/hr – 15000 m3/hr, and above 15000 m3/hr), Effect (Single Effect and Double Effect) and Region – Forecast to 2022

Market Overview:

Air Handling Unit is an important part of a HVAC system, and is responsible for air circulation & regulation in the system. Remarkable commercial and residential infrastructural activities undertaken in emerging nations is prompting demand in the air handling unit market. Air handling unit (AHU), also mentioned to as air handler, is a central air conditioning unit that handles the air circulating inside the complete HVAC system. It is the most vital components to be considered in designing air conditioning system. AHU is a cohesive unit including various equipment such as air-control dampers, heating/cooling coils, fans, filters, and others. The main resolution behind using AHU is to accumulate and blend the outdoor air with the indoor circulating air. The AHUs usually constructed in a frame structure made up of galvanized steel, aluminium or related alloys. These are armed with environmental protection such as sealing around the joints and weatherproof covers for better protection and longer life. As per the Market Research Future analysis, the global market for air handling units is likely to grow at the CAGR of around 7%.

The overall air handling units industry is mostly supported by the gradually rising HVAC industry worldwide. AHUs form an vital component of the overall air conditioning system. Therefore, with the further growing penetration of air conditioning systems across the world, the demand for AHU is likely to remain constant throughout the forecast period. With the increasing need for energy efficient solutions in air conditioning, companies are now concentrating towards developing eco-friendly products having superior energy saving. Other significant factors contributing to the market growth are increasing urbanization and industrialization across developing countries. Rising urbanization in countries like China and India have headed to strong demand for air conditioning systems in the recent years. The trend is projected to continue in the forecast period thus supporting the air handling unit market growth.

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Geographically, the global air handling units market has been divided into North America, Europe, Asia Pacific and Rest of the World. New technologies and customized designs of air handling units are anticipated to drive the markets in Europe and North America. Asia Pacific is projected to hold a large share of the global air handling units market during the forecast period, mainly due to economic growth of the region and increase in EPC activities in the region.

Competitive Analysis:

The market is highly uneven with the existence of global and regional players. The global players lead this market making it difficult for the local vendors to sustain specially in terms of innovation and prices. The key vendors are concentrating towards technological innovations and mergers and acquisitions and are expected to expand inorganically by obtaining regional or small local players during the forecast period. Competition in the market is estimated to intensify with the introduction of many innovative manufacturing processes.

Some of the major players in the Air Handling Units market are: Systemair (Sweden), Trane. TROX (U.S.), GEA Air Treatment (Germany), Carrier (U.S.), Daikin (Japan), Johnson Controls (U.S.), Lennox International (U.S.), Flakt Woods (U.K.), Sabiana (U.K.), and Hitachi Ventus (Japan).

Industry News:

In March 2018, Carrier announced the launch of AquaForce Vision 30KAV with Greenspeed intelligence, its new range of variable-speed screw chillers, with a first phase covering cooling capacities from 500 kW up to 1100 kW and reaching exceptional levels of seasonal efficiency. Carrier, a world leader in high-technology heating, air-conditioning and refrigeration solutions, is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp.

In March 2018, Carrier China Carrier China is a part of Carrier, a world leader in high-technology heating, air-conditioning has signed an agreement with Qianxiang Vanward Plaza to supply its AquaEdge 19XR variable frequency centrifugal chillers for the large-scale urban complex project developed by Qianxiang Group in Zhengzhou.

In September 2017, GEA, the technology group and market leader for commercial compressors for mobile transportation, showcased its competence in the mobile air conditioning segment to visitors at the BUSWORLD, The world’s biggest and most renowned trade fair for city busses and coaches.

In April 2017, Systemair AB has completed the acquisition of the Austrian company FRIVENT Luft- & Wärmetechnik GmbH, a high-quality manufacturer of air handling units. The company manufactures air handling units, heat recovery systems and unique roof units for several niche applications.

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Market Segmentation:

The scope of global air handling units market has been segmented into two major segments which are explained below:

By Capacity

  • Up to 5000 m3/hr
  • 5000 m3/hr – 10000 m3/hr
  • 10000 m3/hr – 15000 m3/hr
  • Above 15000 m3/hr

By Effect

  • Single Effect
  • Double Effect

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