Air Handling Unit Market Size - By Product Type (Heating/Cooling Coils, Filters, Dampers, Fans, Air Handlers, Blowers), By Category (Packaged AHU, Rooftop AHU, Modular AHU, Heat Recovery AHU, Energy Recovery AHU), By Capacity, Application & Forecast, 2024 - 2032
Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Industrial-Machinery | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAir Handling Unit Market Size - By Product Type (Heating/Cooling Coils, Filters, Dampers, Fans, Air Handlers, Blowers), By Category (Packaged AHU, Rooftop AHU, Modular AHU, Heat Recovery AHU, Energy Recovery AHU), By Capacity, Application & Forecast, 2024 - 2032
Air Handling Unit Market Size
Air Handling Unit (AHU) Market was valued at around USD 13.6 billion in 2023 and is estimated to register a CAGR of approximately 4.8% between 2024 and 2032. The demand for AHUs with cutting-edge filtration and air purification technologies is driven by the growing awareness of the significance of Indoor Air Quality (IAQ) for comfort and health, as well as the need to lower toxins and enhance air quality.
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According to a Honeywell survey conducted in 2022, 72% of office workers are worried about the IAQ in their workplaces. They would need frequent information on the air quality in their building. Further, stricter IAQ rules and regulations in several industries, including healthcare, real estate, and education, accelerate the demand for high-performance AHUs, thereby enhancing business demand.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Air Handling Unit Market Size in 2023 | USD 13.6 Billion |
| Forecast Period | 2024-2032 |
| Forecast Period 2024-2032 CAGR | 4.8% |
| 2032 Value Projection | USD 20.6 Billion |
| Historical Data for | 2021-2023 |
| No. of Pages | 410 |
| Tables, Charts & Figures | 490 |
| Segments covered | Product Type, Category, Capacity, Application, Installation, Distribution Channel |
| Growth Drivers |
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| Pitfalls & Challenges |
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AHUs are expensive, especially those with sophisticated features such as energy recovery systems and smart controls. This might discourage potential customers, especially Small & Medium-sized Enterprises (SMEs) or industries with tight budgets. For AHUs to operate optimally and last a long time, frequent maintenance is necessary. This can result in ongoing costs due to routine cleaning, component replacement, and system checks.
Air Handling Unit Market Trends
The need for Heating, Ventilation, and Air Conditioning (HVAC) systems, particularly AHUs, is increasing as a result of the rapid urbanization and development of smart cities, which is driving up the construction of new residential, commercial, & industrial buildings. The pursuit of green building certifications, such as LEED and BREEAM, encourages the adoption of AHUs that enhance energy efficiency and lower carbon footprint. To enhance air quality and fulfill more stringent IAQ regulations, advanced air filtration technologies, such as Ultraviolet Germicidal Irradiation (UVGI) and High-Efficiency Particulate Air (HEPA) filters, are being integrated into AHUs.
Air Handling Unit Market Analysis
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Based on product type, the heating/cooling coils segment accounted for a revenue of approximately USD 3.1 billion in 2023 and is expected to reach USD 5 billion by 2032. Thermal exchange efficiency is the primary design goal of contemporary heating/cooling coils. AHUs can now address the growing need for energy-efficient HVAC systems by maintaining optimum temperatures while using less electricity. AHUs can comply with strict environmental requirements and standards by utilizing coils made to operate with environment-friendly refrigerants, including R-410A/natural refrigerants, which in turn accelerates market growth.
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In the world of air handling units, businesses and healthcare facilities have been the driving force behind the industry's growth. Businesses need to keep their energy costs down and meet strict building codes. That's why they're turning to energy-efficient AHUs like never before. These units help businesses save money on their energy bills and stay in line with regulations. Meanwhile, hospitals and other healthcare facilities have a responsibility to keep their patients and staff comfortable. They need to control the humidity, temperature, and air quality to create a healthy and safe environment. AHUs with features like humidity control and HEPA filters are essential for meeting these needs.
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In 2023, the Asia Pacific region was a giant in the air handling unit (AHU) market, holding an impressive 43% share. And that's not all – by 2032, it's projected to hit a whopping $9.1 billion. Why is this region booming? Well, it's all about the strong economic growth. As the area's wealth increases, so does investment in infrastructure and construction. This is especially true in countries like China and India. And let's not forget the growing need for HVAC systems like AHUs in the commercial world. Offices, malls, hotels, schools – they all need dependable and efficient ways to keep their occupants comfortable. And as more and more people move to cities and populations continue to grow, the demand for efficient HVAC systems is only going to increase. After all, everyone deserves to live and work in a place with the right temperature, fresh air, and comfortable humidity levels.
Country-level Analysis
The United States is the king of air handling units (AHUs) in the world. In 2023, it raked in over $2.8 billion from them and is set to keep growing by a steady 4.9% until 2032. Why is the U.S. so hot for AHUs? It all boils down to our tough energy efficiency rules. The Department of Energy and the American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE) are like the referees of the building world, making sure everything runs as energy-efficiently as possible. This means more buildings are opting for AHUs that use less energy. But that's not all. The U.S. is also leading the charge in green building certifications like ENERGY STAR and LEED. These programs give the nod to buildings that are energy-efficient and eco-friendly, which also means more demand for AHUs. As buildings get smarter, the demand for AHUs that can chat with building management systems (BMS) is going up. This lets us control our heating, cooling, and ventilation better, keep an eye on our energy usage, and make maintenance a breeze.
Germany stands tall as the European king of air handling units (AHUs), with a market worth a whopping $694 million back in 2023. And get thisit's predicted to keep growing by a solid 5% each year from 2024 to 2032. Why so popular? Germany takes energy efficiency very seriously. Their Energy Saving Ordinance (EnEV) demands top-notch HVAC systems that use less energy and spit out less CO2, making AHUs a must-have. Germans are also big on green building labels like LEED and DGNB. These certifications give props to buildings that are kind to the environment, so energy-efficient HVAC systems like AHUs get a thumbs-up. And let's not forget about the smart city movement in Germany. They're all about using tech to make cities greener and more livable, and that includes energy-saving AHUs that work hand-in-hand with heat pumps, keeping homes toasty in winter and cool in summer. In a nutshell, Germany's got a thing for energy efficiency and sustainability, and AHUs are a key part of that picture.
China has been the undisputed king of the air handling unit (AHU) market in the Asia Pacific region. In 2023, they were raking in a cool USD 2 billion, and by 2032, they're predicted to hit a staggering USD 3.1 billion. This growth is like a rocketship, fueled by people flocking from the countryside to cities, leading to a construction boom for homes, offices, and factories. And guess what? These fancy new buildings all need HVAC systems, including AHUs, to keep 'em comfy. Not only that, but China is getting serious about going green. They launched their Green Cooling Action Plan (GCAP) in 2019, which is like a blueprint for making air conditioners and other cooling systems more eco-friendly and less energy-guzzling. They're aiming to save a mind-boggling 400 billion kWh of electricity every year by 2030. To do this, they're setting higher standards for energy efficiency, pushing for more green and efficient cooling products, and making public buildings use less energy. By 2022, they're hoping to see a 25% boost in energy efficiency for cooling products, a 40% jump in the use of green and efficient options, and a 30% reduction in energy consumption in big public buildings.
Air Handling Unit Market Share
The global market is fragmented, with several regional companies operating on a global scale. In 2023, Carrier Corporation, Daikin Industries, LG Electronics, Toshiba Corporation, and Trane Technologies led the global AHU industry. These corporations strategically deploy mergers, acquisitions, partnerships, and facility expansions to expand its customer base, diversify its product offerings, and establish a stronger foothold in the market. These companies also leverage its vast distribution networks and resources to explore new markets.
Air Handling Unit Market Companies
Major players operating in the AHU market are
- Bosch Thermotechnology GmbH
- Carrier Global Corporation
- CIAT Group
- Daikin Industries, Ltd.
- FläktGroup Holding GmbH
- Hitachi, Ltd.
- Johnson Controls International PLC
- Lennox International Inc.
- LG Electronics Inc.
- Mitsubishi Electric Corporation
- Munters Group AB
- Systemair AB
- Trane Technologies plc
- TROX GmbH
- Zehnder Group International AG
Air Handling Unit Market News
- In May 2023, Trane Technologies acquired MTA S.p.A (MTA), a leading industrial process cooling technology business, which brought complementary & high-performing solutions to Trane’s comprehensive commercial HVAC product and services portfolio.
- In February 2022, Carrier Corporation entered into a binding agreement to acquire majority ownership in Toshiba Carrier Corporation (TCC), a joint venture specializing in Variable Refrigerant Flow (VRF) and light commercial HVAC systems. TCC designs and manufactures flexible, energy-efficient, and high-performance VRF and light commercial HVAC systems along with commercial products, compressors, and heat pumps.
This AHU market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD billion) from 2021 to 2032, for the following segments
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Market, By Component Type
- Heating or cooling coils
- Filters
- Dampers
- Fans
- Air handlers
- Blowers
- Others (humidifiers/dehumidifiers, isolators, etc.)
Market, By Category
- Packaged AHU
- Rooftop AHU
- Modular AHU
- Heat recovery AHU
- Energy recovery AHU
- Others (cleanroom AHU, outdoor AHU, etc.)
Market, By Capacity
- Below 5,000 CFM
- 5,000 CFM – 10,000 CFM
- Above 10,000 CFM
Market, By Application
- Residential
- Commercial
- Industrial
Market, By Distribution Channel
- Online
- Direct
- Indirect
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Malaysia
- Indonesia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
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