Shibuya-ku, Tokyo, Japan, Japan, Sep 08, 2022, 02:10 /Comserve / -- Key Companies Covered in the Air Handling Units Market Research Report Are Daikin Applied Americas, Carrier Corporation, Trane, Johnson Controls, GEA Group and other key market players.

“The Global Air Handling Units Market is projected to grow at a CAGR of 5.7% from 2022 to 2031 in terms of value”

The global air handling units market is projected to reach USD 12.91 billion by 2031, at a CAGR of 5.7% from 2022 to 2031.

The increase in demand of air handling units from the application sectors such as commercial buildings, industries, hospitals, universities, data centers, laboratories, and server rooms is propelling the growth of this market. The growing pollution level around the globe has also triggered the growth in the demand of air handling units from the residential sector. Europe and North America constitute for a major share of the air handling units market and the sluggish growth of air handling units market in these regions will act as a restraint for the global air handling units market.

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“Packaged air handling units segment to account for the largest share of the air handling units market in 2022”

The packaged air handling units segment is estimated to account for the largest share of the air handling units market, by type in 2022, and is projected to be the fastest-growing type segment from 2022 to 2031. The increasing demand of packaged air handling units from the commercial application segment such as hospitals, commercial buildings, data centers, universities, laboratories, and server rooms contributes towards the growth of packaged air handling units segment, ultimately contributing towards the growth of the air handling units market.

“≤5000 m3/h capacity segment is anticipated to capture the largest share of the global air handling units market in 2022”

The ≤5000 m3/h capacity segment of the air handling units market is estimated to account for the largest share in 2022. The ≤5000 m3/h capacity air handling units are small capacity air handling units, mainly used for small premises and are dominant in the residential sector, especially single family homes. In recent years, there has been a rapid growth in urbanization around the globe. People are migrating to cities which has increased the number of residential buildings in cities. Owing to this, there is a rise in the demand for air handling units from the residential buildings sector.

“Commercial application segment is estimated to account for the largest share of the global air handling units market in 2022”

The commercial application segment is estimated to account for the largest share of the global air handling units market in 2022, and is projected to be the fastest-growing segment from 2022 to 2031. In recent years, rapid industrialization and urbanization has been observed in the emerging economies such as China, India, Middle East, Indonesia, Turkey, Vietnam, and Thailand. This has created a high demand for air handling units from the commercial application segments such as hospitals, universities, shopping malls, data centers, laboratories, and swimming pools.

“Asia-Pacific is estimated to be the largest market for air handling units in 2022”

Asia-Pacific is estimated to account for the largest share of the air handling units market in 2022 owing to the rise in demand for air handling units in this region. The major application sectors of the air handling units, namely, industries, commercial buildings, hospitals, universities, swimming pool, data centers, and residential buildings, are growing at a rapid pace in the Asia-Pacific region. This contributes towards the growth of the air handling units market in this region. China, India, and Japan are the leading countries in terms of consumption of air handling units in this region.

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Profile break-up of primary participants for the report:

• By Company Type: Tier 1 – 45 %, Tier 2 – 35%, Tier 3 – 20%

• By Designation: C level – 35%, Director level – 25%, Others – 40%

• By Region: Asia-Pacific – 47%, Europe – 25%, North America – 13%, Middle East & Africa – 13%, and South America – 7%

Furthermore, as a part of qualitative analysis, the report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by different market players, such as Daikin Industries, Ltd. (Japan), Carrier Corporation (U.S.), Trane Inc. (Ireland), Johnson Controls, Inc. (U.S.), GEA Group AG (Germany), Systemair AB (Sweden), Flakt Woods Group (Sweden), CIAT Group (France), Trox GmbH (Germany), and Lennox International Inc. (U.S.) among others.

Research Coverage:

This report offers an overview of market trends, drivers, and challenges with respect to the air handling units market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and South America. The report categorizes the air handling units market on the basis of type, capacity, application, and region. A detailed analysis of leading players, along with key growth strategies adopted by them, is also covered in the report.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall air handling units market and its subsegments. This report will help stakeholders to better understand the competitive landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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