Air Handling Equipment Market - Overview
The HVAC application makes wide usage of air handling units. HVAC is the acronym for heating, ventilation, and air conditioning. Air handling units support the filtration mechanism of HVAC. Air Handling Units circulate and regulate air as part of the ventilation, air conditioning, and heating system. AHU takes in the external air, and treats (either cooled or heated) it before blowing it out as fresh air to the air-conditioned room. Generally, an AHU is built of stainless steel or galvanized steel. It is based on an aluminum frame with double-walled sheets made of galvanized steel. Heating, humidifying, filtering, fan functioning, droplet separating, cooling, and frosting, are the key functions performed by the air handling units.
Market Research Future has conducted an exhaustive research on the Air Handling Equipment Market and concluded that the market is likely to develop at 5.1% CAGR over the forecast period. The prevailing need for the high voltage alternating current applications are mostly owing to the rapid urbanization and industrialization. Urbanization and industrialization are gradually boosting the job opportunities all over the world. This in turn is spurring the demand for central air conditioners to be used in the office spaces. Additionally, the booming trend of urbanization and industrialization has boosted the development of schools, shopping malls, commercial buildings, and entertainment hubs. For the successful functioning of these structures, air handling unit plays a crucial role. Moreover, the surging prevalence of district heating/ cooling projects has been driving the air handling unit market to a considerable extent. India, South Korea, and China are nations that are financing new projects in the context of swift expansion of smart cities, real estate, transportation, and infrastructure. Such aspects of the emerging economies act as the influencing force for the air handling units in these markets.
Air Handling Equipment Market Segmentation
Global Air Handling Equipment Market has been segmented based on effect, region, and capacity.
Based on effect, the market has been segmented into single effect and double effect.
Based on capacity, the air handling unit market has been segmented into 5000m3/hr, 5000m3/hr to 15000m3/hr, and over 15000m3/hr.
Based on regions, the market has been segmented into Asia Pacific, Middle East and Africa, North America, Europe, and rest of the world.
Regional Analysis
As per the report published by Market Research Future, air handling equipment is expected to witness a sharp rise in the Asia Pacific market owing to the rapid urbanization, the increasing population, collectively with the growing job opportunities in the region.
Additionally, the increasing awareness about improving indoor air quality, accelerated application of HVAC in the heating projects, and the rise in per capita income makes Asia Pacific a lucrative market for air handling unit. The Middle East region has always experienced an augmented real estate sector along with a spurring hospitality industry. These factors effectively influence the improving sales of air handling unit in the Middle East market. Besides, the Middle East region is anticipated to observe a growth in projects from district heating and cooling that are being consistently equipped with centralized air systems. Besides, the norms laid down by the government for maintaining the air quality in the workplace for offering healthy infrastructure to the workers is also driving the demand for air handling units to a considerable extent.
Key Players
The air handling equipment market has been dominated by key players such as Systemair (Sweden), TROX (U.S.), Johnson Controls (U.S.), GEA Air Treatment (Germany), Flakt Woods (U.K.), Lennox International (U.S.), Hitachi Ventus (Japan), Sabiana (U.K.), Daikin (Japan), Trane Inc. (Ireland), Carrier Corporation (UK), Flakt Woods Group (Sweden), Swegon (Sweden), and CIAT Group (France).
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