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Air conditioning is not a commodity but an essential need to get a comfortable and ambient temperature. Fresh air is necessary for nourishment of human health. Conditioning of air is vital to maintain temperature, humidity, cleanliness, and air movement at level suited to human health and comfort or the industrial process conducted.
Many IT park, business parks, commercial buildings, and industries are equipped with air conditioning facility to maintain comfort air conditioning which enhances productivity of employees and provide pleasing sense to peoples. Air handling unit (AHU) is an essential component and acts as lungs of HVAC system. AHU condition indoor air with heating, cooling, humidification, and dehumidification functions. It also regulates and circulates air according to requirement of environment with filtered air. Therefore, AHU is essential in growing HVAC market.
Key Market Driver -
Key Market Driver – Incessant demand for HVAC system
Key Market Restraint -
Key Market Restraint – Economic slowdown and rising concern over increasing GHG emission
Air handling unit (AHU) market is segmented into type and application. Based on type, the market is divided into packaged, modular, custom, DX integrated, rooftop unit (RTU), and others. The air handling unit is dominated by packaged type AHU due to its compactness and demand from commercial and residential buildings along with industries. Commercial sector is the leading market for the growth of the air handling unit owing to rising infrastructure projects and economic development.
The enormous demand for HVAC system across the globe is the major factor driving the growth of the air handling unit. Also, rising industries, commercial and residential buildings, educational institutes, hospitals, etc. which require huge amount of air conditioning for maintaining a suitable temperature for attaining comfort is expected to boost the air handling unit market.
Global economic slowdown due to trade war between the US and China along with rising concern over increasing GHG emission is inhibiting the growth of the air handling units market.
Some of the globally acclaimed companies for air handling units are Daikin Applied Americas, Carrier Corporation, Trane, Johnson Controls, GEA Group, Systemair, Fujitsu General, STULZ GmbH, CIAT Group, FläktGroup, Trox GmbH, Barkell Ltd, Wolf GmbH, VTS Group, and Swegon Group.
The air handling units market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Air Conditioning use emerges as one of the key drivers for air handling units market in North America. Rising need for air conditioning in commercial and residential buildings along with hospitals, educational institutes, etc. is expected to offer a lucrative market for air handling units. Increasing requirement of heating, ventilation, and air conditioning (HVAC) from residential and commercial buildings is expected to drive the air handling units market in Europe.
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The Asia Pacific is experiencing continuous economic growth in real estate, infrastructure, industries, commercial buildings, and malls, etc. which requires large amount air conditioning. Also rising temperature in different countries is expected to boost the air handling units market in Asia Pacific. Almost half of total energy used in GCC countries is used for air conditioning purpose owing extreme temperature. Skyscraping buildings, malls, hotels, etc. with enormous construction activities accelerating the growth of the air units market in MEA.
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