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The central air conditioning unit that handles the air circulating within the entire HVAC system is referred as air handler, it is also known as air handling unit. It is considered to be the most crucial components in air conditioning system. Its integrated unit includes several equipment such as filters, fans, heating/cooling coils, air-control dampers & others.
The main reason behind utilising air handler is to collect and fuse the outdoor air with the indoor circulating air. These AHUs are generally constructed in a frame structure made up of aluminium, galvanized steel, or related alloys. Also, they’re equipped with environmental protection like secured around the joints with weatherproof covers for good protection and longer life.
The overall air handler industry is supported by the steady rise in HVAC industry worldwide. These handlers are a significant component in overall air conditioning system. Therefore, with the more increase in penetration in air conditioning systems in world, the requirement for air handlers is expected to persist constant in forecast period. Along with increase in need for energy-saving solutions in air conditioning, the manufacturers are now more focused on developing the eco-friendly components that have good energy efficiency.
Other important key factors that is contributing to the market growth is the rise of industrialization and urbanization across emerging countries. The urbanization rising in countries like India and China have created solid behest for air conditioning systems in recent years. This trend is predicted to see growth in the forecast period thereby supporting the air handler market growth.
The air handler market is expected to exhibit the substantial growth in market owing to rise in industrialization & urbanization. This market is majorly being driven by increase in demand for energy efficient heating, HVAC system across the world. Due to the increase in the residential, commercial & industrial application, the adoption of central cooling conditioner and heating equipment have also increased. Also, increase in awareness among consumers to maintain the sufficient indoor air quality is also boosting the market. This market is highly fragmented with large number of international players in the market.
Key Market Driver -
• Increase in demand in food & beverages, pharmaceutical, oil & gas industries etc. • Increase in Urbanization & Industrialization.
Key Market Restraint -
• Regulations made by Environment Protection Bodies
The top key players in air handler market are : Carrier Corporation , Daikin Industries, Ltd., Johnson Controls, Dunhan-Bush, GEA Group AG, Sinko, Trane Inc., LG, Munters, Flakt Woods Group, EUROKLIMAT, Systemair AB, Reznor HVAC, Trox GmbH, Nuaire,, AL-KO and Lennox International Inc. among others
North America is estimated to exhibit substantial growth over forecast period. The market is expected to see growth owing to rise in industrialization & increase in the industrial application. The manufacturers are also contributing towards growth like Carrier Corporation, based in U.S. manufactures HVAC, Refrigeration as well as provides Fire & Security solutions. Their HVAC solutions are made for commercial & residential application. The HVAC segment consist of brands like arcoaire, carrier, Bryant, CIAT, carlyle, Day & Night, comfortmaker, Keeprite, Heil, Riello, Payne, SLD Pumps Power, Spot Coolers, Toshiba Carrier, totaline, Tempstar, etc. Whereas, Lennox International Inc, headquartered in Richardson, Texas is a manufacturer of climate control products for the heating, ventilation, air conditioning and refrigeration markets. They also includes Brands like heatcraft Refrigeration & armstrong. They provide equipment for commercial heating cooling as well as residential heating cooling application. Additionally, the government’s publicity to adopt energy efficient system to reduce energy use is expected to fuel the growth in the market.
Europe market is projected to grow their presence in the air handlers market owing to increase in the industrial manufacturers in the region. Due to rise in the working population, the demand has also been increased. Some of the major manufacturers are operating from this region, for instances, GEA Group AG, headquartered in Düsseldorf, Germany. The company is a technology suppliers for food processing and a wide range of other industries. In their refrigeration & heating segment, they manufacture range of products comprised of chillers, compressors, controls, heat pumps, package compressor system, valves & components for industrial refrigeration. Whereas, Flakt Woods Group, based in Germany develops, manufactures, markets, and distributes air technology based solutions. The products of the company ranges in axial, fans, roof masters, turbo blowers, centrifugal fans, energy recovery units, compressors & air handling units. Manufacturers focusing on improvement & offerings on their product is increasing the presence of the Europe region, therefore it is expected to exhibit strong growth in the coming years.
Furthermore, Asia Pacific Region is anticipated to emerge significantly as fast growing regional market, due to rise in the population as well as increase in the commercial and industrial usage. From demand & supply aspect, the countries like India & China are expected rise in the market. The region is expected to witness a strong competition among players due to availability of low price equipment in China. For Instances, Daikin Industries Ltd, headquartered in Osaka, Japan is a multinational air conditioning manufacturing company. They’ve a wide range of products available like ventilation products, air purifiers, rooftop, air cooled chillers, marine HVAC etc. This region considers to be huge for this market to grow due to the availability of large number of players.
Africa may witness steady rise due to the lack of availability of industries as well as lack of technology in the region. However, this region may exhibit substantial growth in forecast period as now major players are focusing more on these countries to expand their business & establishment. Whereas, Middle-east region is also projected to show a significant rise owing to increase in industrialization. For Instances, Daikin Ltd has united with the UAE along with East African market & created Daikin Middle East and Africa.
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