"Actionable Insights to Fuel Your Growth"
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.
To gain extensive insights into the market, Request for Customization
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.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry