Global Air Handling Unit Market by Type, Capacity, and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR41421
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The air handling unit market size has the potential to grow by USD 3.48 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.11%. 

This report provides a detailed analysis of the market by type (non-residential and residential), capacity (<5000m3 per hour, 5000-15000 m3 per hour, and <15000m3 per hour), geography (APAC, North America, Europe, MEA, and South America), and key vendors. 

Market Overview

Air-Handling-Unit-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Arbonia AG
  • Carrier Global Corp.
  • Daikin Industries Ltd.
  • FlaktGroup Holding GmbH
  • Johnson Controls International Plc
  • Lennox International Inc.
  • Midea Group Co. Ltd.
  • Systemair AB
  • Trane Technologies Plc
  • VTS Polska Sp. z o. o.

 

The air handling unit market is fragmented and the vendors are deploying growth strategies such as M&A to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as growing replacement and refurbishment demand in developed countries to achieve growth opportunities. However, factors such as high market competition will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the air handling unit market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This air handling unit market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Air Handling Unit Market: Key Drivers and Trends

  • The increasing demand for the replacement and refurbishment of air handling units in developed countries is one of the primary growth factors for this market. 
  • The need for lowering operating costs, increasing need for energy efficiency, and the presence of favorable government incentives have spurred the requirement for replacing existing air handling units
  • Refurbishment activities are estimated to achieve savings of around 20-30% in operating costs, which is a key factor supporting the growth of such activities
  • Additionally, factors such as reduced maintenance cost, minimal disruption in day-to-day operations, improved energy efficiency, and enhanced sustainability of units also drive the need for replacement and refurbishment activities for air handling units across the globe.
  • Overheating is one of the main concerns in data centers as it affects productivity and increases downtime. To overcome this issue, cooling systems are provided to maintain temperature and enhance the efficiency of data centers.
  • With the increasing expansion and construction of data centers for information storage, the demand for cooling systems has also increased, which is one of the key air handling unit market trends.
  • The AHU has intelligent features and controls that automatically adjust airflow, temperature, and the economizer function depending on the load and ambient temperature. These features help in improving the efficiency of overall HVAC systems.
  • Due to improvements in the efficiency of AHU and HVAC systems, many companies are incorporating AHUs in data centers to maintain the temperature within the center.

 

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Air Handling Unit Market: Segmentation by Geography

Air-Handling-Unit-Market-Market-Share-by-Region-2020-2025

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55% of the market’s growth will originate from APAC during the forecast period. China and, Japan are the key markets for air handling unit in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The high economic growth rate and heavy investments in various sectors such as data centers, building and construction, and hospitals are the prime factors that will facilitate the air handling unit market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Air Handling Unit Market: Segmentation by Type

Air-Handling-Unit-Market-Market-Share-by-Type-2020-2025

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The non-residential end-users of air handling units include manufacturing facilities, commercial and industrial buildings, data centers, retail stores, healthcare facilities, and educational institutions. The increase in construction activities in the non-residential end-user segment will drive the demand for air handling units. Therefore, the growth of the market segment is expected to be significant during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the air handling unit market size.

 

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Air Handling Unit Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive air handling unit market growth during the next five years
  • Precise estimation of the air handling unit market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the air handling unit industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of air handling unit market vendors

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Air Handling Unit Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market growth 2021-2025

$ 3.48 billion

Market structure

Fragmented

YoY growth (%)

4.12

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 55%

Key consumer countries

China, US, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Arbonia AG, Carrier Global Corp., Daikin Industries Ltd., FlaktGroup Holding GmbH, Midea Group Co. Ltd., Systemair AB, Johnson Controls International Plc, Lennox International Inc., Trane Technologies Plc, and VTS Polska Sp. z o. o.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Impact of COVID-19 on the industrials sector
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020-2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Non-residential - Market size and forecast 2020-2025
    • Residential - Market size and forecast 2020-2025
    • Market opportunity by Type

    Market Segmentation by Capacity

    • Market segments
    • Comparison by Capacity
    • <5000m3 per hour - Market size and forecast 2020-2025
    • 5000-15000 m3 per hour - Market size and forecast 2020-2025
    • <15000m3 per hour - Market size and forecast 2020-2025
    • Market opportunity by Capacity

    Customer Landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Arbonia AG
      • Carrier Global Corp.
      • Daikin Industries Ltd.
      • FlaktGroup Holding GmbH
      • Johnson Controls International Plc
      • Lennox International Inc.
      • Midea Group Co. Ltd.
      • Systemair AB
      • Trane Technologies Plc
      • VTS Polska Sp. z o. o.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The air handling unit market growth will increase by $2851.99 million during 2019-2024.
      The air handling unit market is expected to grow at a CAGR of 6.82% during 2019-2024.
      Technavio has segmented the air handling unit market by type (Non-residential and Residential) ,distribution channel (Offline and Online) , and application (Orthopedics, Cardiovascular, Medical Imagin, In-vitro diagnostics (IVDs), and General medical devices).
      Daikin Industries Ltd., FlaktGroup, GEA Group AG, Ingersoll-Rand Plc, Johnson Controls International Plc, Lennox International Inc., Midea Group Co. Ltd., Systemair AB, United Technologies Corp., VTS Group S.A. are a few of the key vendors in the air handling unit market.
      APAC will register the highest growth rate of 65.72% among the other regions. Therefore, the air handling unit market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the air handling unit market growth are:
      • Growing construction sector
      • Advent of Friction Stir Welding
      The air handling unit market vendors should focus on grabbing business opportunities from the non-residential segment as it accounted for the largest market share in the base year.
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