Air Handling Units Market

Market Insights

An air handling unit (AHU), often referred to as an air handler, is a component of the HVAC (heating, ventilating, and air-conditioning) system used to circulate air throughout the system. The air handling unit is typically designed in a large metal box comprising various components such as fans, filters, heating and cooling elements, silencers, and dampers. The metal box is typically made of galvanized steel or aluminum alloys in order to ensure better environmental protection. In addition, the AHUs are equipped with joint sealing, weatherproof lids, and others for longer life. Finally, the AHUs are connected to the air conditioning system using a ductwork ventilation system which further circulates the conditioned air throughout the application (buildings, etc.).

With the rising urbanization and industrialization globally, the demand for air conditioning systems has risen significantly in recent years. Furthermore, due to further anticipated industrial and urban growth in emerging countries, the demand for air conditioning systems is expected to grow steadily in the coming years. This is the prime factor bolstering the AHU market’s growth. Furthermore, AHU manufacturers design their products depending on the application. This has led to the emergence of a wide array of products suitable for various end-use applications, thereby leading to higher demand. This is another major factor responsible for AHU’s market growth. Further, due to stringent regulations over the quality of air in air conditioning systems, the product evolution in the market is expected to remain strong during the forecast period.

The report titled “GlobalAir Handling Units Market-Growth, Share, Opportunities, and Competitive Analysis, 2016–2023” offers strategic insights into the global air handling unit market along with the market size and estimates for 2014–2023. The said research study covers an in-depth analysis of multiple market segments based on product types, capacity, applications, and cross-sectional studies across different geographies. In addition, the study covers the comparative analysis of different segments for the years 2015 and 2023. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading AHU manufacturers, their SCOT (Strengths, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Some of the major players profiled in the report are Carrier Corporation, GEA Heat Exchangers Group, Daikin Industries Ltd., Trane, Inc., Mitsubishi Electric, Johnson Controls, Inc., Systemair Ltd., CIAT Group, Flakt Woods Group, Novenco, and others. Other in-depth analysis provided in the report includes:

• Current and future market trends to support the attractiveness of the air handling units and HVAC industry
• market fuelers, market impediments, and their impact on the market’s growth
• In-depth examination of the competitive environment
• Market size data for the previous two years (2014-2015)
• SRC (Segment-Region-Country) Analysis.

Overall, the research study provides a holistic view of the global air handling unit market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the abovementioned factors.

Capacity Segmentation Analysis

On the basis of capacity, the air handling units market is segmented into the following categories:

• Less than 5,000m3/hr
• 5,000m3/hr to 15,000m3/hr
• Higher than 15,000m3/hr

As of 2015, the global air handling units market is led by the less than 5000m3/hr capacity AHUs segment. The air handling units within the segment are used in residential air conditioning and other small spaces having low-capacity air conditioning systems. Residential air conditioning systems have witnessed strong adoption, especially in India and China, in recent past years.

With the rising number of households and climatic changes, the demand for residential air conditioners is expected to remain strong throughout the forecast period. As a result, the less than 5000m3/hr segment is expected to retain its dominant position in the market throughout the forecast period.

The higher than 15000m3/hr capacity AHU segment is estimated to register the highest growth in the market in the coming years. Similar to the less than 5000m3/hr segment, India, China, and some Southeast Asia countries are major drivers for the segment growth. Rising industrialization and commercial construction (especially in the retail sector) is the major factor contributing to the segment growth.

The global air handling unit market is segmented, based on its applications, into the following categories:

• Commercial
• Residential

In terms of revenue and adoption, the global air handling unit market was dominated by the commercial segment in 2015. The commercial segment comprises various spaces such as industrial, retail, healthcare, corporate office spaces, and many others. Air conditioning systems have witnessed high adoption across these applications for the past several years. This is the prime factor for the high revenue share of the commercial application segment.

Air handling units having a capacity of 3000m3/hr to more than 15000m3/hr are used across the commercial application sector. With the rising construction activities across the commercial and industrial sectors, the segment is estimated to retain its dominant position in the market throughout the forecast period. Nevertheless, due to the rising adoption of residential air conditioners, the residential segment is projected to register the highest growth in the global air handling unit market.

The global air handling units market has been segmented on the basis of geographical regions, as per the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe
• Asia-Pacific
  • India
  • China
  • Japan
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

As of 2015, the Asia-Pacific region dominated the air handling unit market worldwide. The Asia Pacific region contributed to more than one-third of the total revenue generated in 2015. The market here is mainly driven by countries such as Japan, India, China, and other Southeast Asian countries. Rising construction activity across the residential, industrial, and commercial sectors are the prime factor bolstering the air conditioning systems in the region. As a result, the demand for air handling units is highly supported here, thereby retaining the dominant position throughout the forecast period. In addition, climate change is another significant factor responsible for overall air handling unit market growth worldwide.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Air Handling Units Market
2.2 Global Air Handling Units Market, By Product Type
2.3 Global Air Handling Units Market, By Capacity
2.4 Global Air Handling Units Market, By Application
2.5 Global Air Handling Units Market, By Geography

Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Air Handling Units Market Revenue, 2016 – 2023, (US$ Mn)
3.2 Key Market Trends and Future Outlook
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 Opportunities
3.6 See-Saw Analysis
3.6.1 Impact Analysis of Drivers and Restraints
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors

Chapter 4 Global Air Handling Units Market Analysis, by Product Type
4.1 Market Analysis
4.2 Global Packaged Air Handling Units Market Revenue, 2016 – 2023, (US$ Mn)
4.3 Global Modular Air Handling Units Market Revenue, 2016 – 2023, (US$ Mn)
4.4 Global Custom Air Handling Units Market Revenue, 2016 – 2023, (US$ Mn)

Chapter 5 Global Air Handling Units Market Analysis, by Capacity
5.1 Market Analysis
5.2 Global Air Handling Units (Less than 5000m3/hr) Market Revenue, 2016 – 2023, (US$ Mn)
5.3 Global Air Handling Units (5000m3/hr to 15000m3/hr) Market Revenue, 2016 – 2023, (US$ Mn)
5.4 Global Air Handling Units (higher than 15000m3/hr) Market Revenue, 2016 – 2023, (US$ Mn)

Chapter 6 Global Air Handling Units Market Analysis, by Application
6.1 Market Analysis
6.2 Global Air Handling Units Market for Commercial, 2016 – 2023, (US$ Mn)
6.3 Global Air Handling Units Market for Residential, 2016 – 2023, (US$ Mn)

Chapter 7 North America Air Handling Units Market Analysis
7.1 Overview
7.2 North America Air Handling Units Market Analysis, By Product Type, 2016 – 2023
7.2.1 SRC Analysis
7.3 North America Air Handling Units Market Analysis, By Capacity, 2016 – 2023
7.3.1 SRC Analysis
7.4 North America Air Handling Units Market Analysis, By Application, 2016 – 2023
7.4.1 SRC Analysis
7.5 North America Air Handling Units Market Analysis, By Region, 2016 – 2023
7.5.1 SRC Analysis

Chapter 8 Europe Air Handling Units Market Analysis
8.1 Overview
8.2 Europe Air Handling Units Market Analysis, By Product Type, 2016 – 2023
8.2.1 SRC Analysis
8.3 Europe Air Handling Units Market Analysis, By Capacity, 2016 – 2023
8.3.1 SRC Analysis
8.4 Europe Air Handling Units Market Analysis, By Application, 2016 – 2023
8.4.1 SRC Analysis
8.5 Europe Air Handling Units Market Analysis, By Region, 2016 – 2023
8.5.1 SRC Analysis

Chapter 9 Asia Pacific Air Handling Units Market Analysis
9.1 Overview
9.2 Asia Pacific Air Handling Units Market Analysis, By Product Type, 2016 – 2023
9.2.1 SRC Analysis
9.3 Asia Pacific Air Handling Units Market Analysis, By Capacity, 2016 – 2023
9.3.1 SRC Analysis
9.4 Asia Pacific Air Handling Units Market Analysis, By Application, 2016 – 2023
9.4.1 SRC Analysis
9.5 Asia Pacific Air Handling Units Market Analysis, By Region, 2016 – 2023
9.5.1 SRC Analysis

Chapter 10 Middle East & Africa (MEA) Air Handling Units Market Analysis
10.1 Overview
10.2 MEA Air Handling Units Market Analysis, By Product Type, 2016 – 2023
10.2.1 SRC Analysis
10.3 MEA Air Handling Units Market Analysis, By Capacity, 2016 – 2023
10.3.1 SRC Analysis
10.4 MEA Air Handling Units Market Analysis, By Application, 2016 – 2023
10.4.1 SRC Analysis
10.5 MEA Air Handling Units Market Analysis, By Region, 2016 – 2023
10.5.1 SRC Analysis

Chapter 11 Latin America Air Handling Units Market Analysis
11.1 Overview
11.2 Latin America Air Handling Units Market Analysis, By Product Type, 2016 – 2023
11.2.1 SRC Analysis
11.3 Latin America Air Handling Units Market Analysis, By Capacity, 2016 – 2023
11.3.1 SRC Analysis
11.4 Latin America Air Handling Units Market Analysis, By Application, 2016 – 2023
11.4.1 SRC Analysis
11.5 Latin America Air Handling Units Market Analysis, By Region, 2016 – 2023
11.5.1 SRC Analysis

Chapter 12 Company Profiles
12.1 Carrier Corporation
12.1.1 Carrier Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.2 Daikin Industries Ltd.
12.2.1 Daikin Industries Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.3 GEA Heat Exchangers
12.3.1 GEA Heat Exchangers: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.4 Trane, Inc.
12.4.1 Trane, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.5 Mitsubishi Electric
12.5.1 Mitsubishi Electric: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.6 Johnson Controls, Inc.
12.6.1 Johnson Controls, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.7 Systemair Ltd.
12.7.1 Systemair Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.8 CIAT Group
12.8.1 CIAT Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.9 Flakt Woods Group
12.9.1 Flakt Woods Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
12.10 Novenco AS
12.10.1 Novenco AS: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)

List of Figures

FIG. 1 Global Air Handling Units: Market Segmentation
FIG. 2 Global Air Handling Units Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Air Handling Units Market, By Product Type, 2015 (US$ Mn)
FIG. 5 Global Air Handling Units Market, By Capacity, 2015 (US$ Mn)
FIG. 6 Global Air Handling Units Market, By Application, 2015 (US$ Mn)
FIG. 7 Global Air Handling Units Market, By Geography, 2015 (US$ Mn)
FIG. 8 Global Air Handling Units Market Revenue, 2016 – 2023, (US$ Mn)
FIG. 9 See-Saw Analysis : Global Air Handling Units Market
FIG. 10 Market Positioning of Key Air Handling Units Manufacturers, 2014
FIG. 11 Global Air Handling Units Market Revenue Contribution, By Product Type, 2015 & 2023 (Value %)
FIG. 12 Global Packaged Air Handling Units Market Revenue, 2016 – 2023, (US$ Mn)
FIG. 13 Global Modular Air Handling Units Market Revenue, 2016 – 2023, (US$ Mn)
FIG. 14 Global Custom Air Handling Units Market Revenue, 2016 – 2023, (US$ Mn)
FIG. 15 Global Air Handling Units Market Revenue Contribution, By Capacity, 2015 & 2023 (Value %)
FIG. 16 Global Air Handling Units (Less than 5000m3/hr) Market Revenue, 2016 – 2023, (US$ Mn)
FIG. 17 Global Air Handling Units (5000m3/hr to 15000m3/hr) Market Revenue, 2016 – 2023, (US$ Mn)
FIG. 18 Global Air Handling Units (higher than 15000m3/hr) Market Revenue, 2016 – 2023, (US$ Mn)
FIG. 19 Global Air Handling Units Market Revenue Contribution, By Application, 2015 & 2023 (Value %)
FIG. 20 Global Air Handling Units Market for Commercial, 2016 – 2023, (US$ Mn)
FIG. 21 Global Air Handling Units Market for Residential, 2016 – 2023, (US$ Mn)
FIG. 22 North America Air Handling Units Market Revenue, 2016 – 2023, (US$ Mn)
FIG. 23 Europe Air Handling Units Market Revenue, 2016 – 2023, (US$ Mn)
FIG. 24 Asia Pacific Air Handling Units Market Revenue, 2016 – 2023, (US$ Mn)
FIG. 25 MEA Air Handling Units Market Revenue, 2016 – 2023, (US$ Mn)
FIG. 26 Latin America Air Handling Units Market Revenue, 2016 – 2023, (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Air Handling Units Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Air Handling Units Market Revenue, By Product Type, 2016 – 2023 (US$ Mn)
TABLE 5 North America Air Handling Units Market Revenue, By Capacity, 2016 – 2023 (US$ Mn)
TABLE 6 North America Air Handling Units Market Revenue, By Application, 2016 – 2023 (US$ Mn)
TABLE 7 North America Air Handling Units Market Revenue, By Region, 2016 – 2023 (US$ Mn)
TABLE 8 Europe Air Handling Units Market Revenue, By Product Type, 2016 – 2023 (US$ Mn)
TABLE 9 Europe Air Handling Units Market Revenue, By Capacity, 2016 – 2023 (US$ Mn)
TABLE 10 Europe Air Handling Units Market Revenue, By Application, 2016 – 2023 (US$ Mn)
TABLE 11 Europe Air Handling Units Market Revenue, By Region, 2016 – 2023 (US$ Mn)
TABLE 12 Asia Pacific Air Handling Units Market Revenue, By Product Type, 2016 – 2023 (US$ Mn)
TABLE 13 Asia Pacific Air Handling Units Market Revenue, By Capacity, 2016 – 2023 (US$ Mn)
TABLE 14 Asia Pacific Air Handling Units Market Revenue, By Application, 2016 – 2023 (US$ Mn)
TABLE 15 Asia Pacific Air Handling Units Market Revenue, By Region, 2016 – 2023 (US$ Mn)
TABLE 16 MEA Air Handling Units Market Revenue, By Product Type, 2016 – 2023 (US$ Mn)
TABLE 17 MEA Air Handling Units Market Revenue, By Capacity, 2016 – 2023 (US$ Mn)
TABLE 18 MEA Air Handling Units Market Revenue, By Application, 2016 – 2023 (US$ Mn)
TABLE 19 MEA 1Air Handling Units Market Revenue, By Region, 2016 – 2023 (US$ Mn)
TABLE 20 Latin America Air Handling Units Market Revenue, By Product Type, 2016 – 2023 (US$ Mn)
TABLE 21 Latin America Air Handling Units Market Revenue, By Capacity, 2016 – 2023 (US$ Mn)
TABLE 22 Latin America Air Handling Units Market Revenue, By Application, 2016 – 2023 (US$ Mn)
TABLE 23 Latin America 1Air Handling Units Market Revenue, By Region, 2016 – 2023 (US$ Mn)
TABLE 24 Carrier Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 25 Daikin Industries Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 26 GEA Heat Exchangers: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 27 Trane, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 28 Mitsubishi Electric: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 29 Johnson Controls, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 30 Systemair Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 31 CIAT Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 32 Flakt Woods Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 33 Novenco AS: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)