Market outlook of the global air handling units market
The market is expected to grow primarily due to high growth of the >15,000 m3/h units segment. Commercial and residential constructions such as office space, malls, and apartments in developing countries such as China and India largely drive this market. Many large premises and tall buildings that require high capacity air handling units in developed countries such as the US and Russia are also expected to boost the market during the forecast period.
The need to iincrease energy recovery and decreased operating cost of air handling units is predicted to play a significant role in propelling the global air handling units market. To leverage this opportunity, many market vendors air handling units over the next four years.
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Segmentation by capacity and analysis of the global air handling units market
<5,000 m3/h
5,000-15,000 m3/h
>15,000 m3/h
Air handling units that have less than 5,000 m3/h capacity dominated the market during 2015. These small capacity air handling units cater to the needs of small premises and are dominant in the residential sector, especially single family homes. The growth of construction in the residential sector is the primary driver for the segment. However, 15,000 m3/h (high capacity air handling units) segment is expected to register the fastest growth during the forecast period.
End-user segmentation and analysis of the global air handling units market
- Non-residential
- Residential
The non-residential segment accounted for the highest market share during 2015. Healthcare and educational institutions, manufacturing and industrial buildings, as well as offices and retail stores are the non-residential users of air handling units. Growing population, urbanization, rapid industrialization, steady economic growth, as well as the need for enhancing energy efficiency in buildings have surged construction of modern building systems, leading to increased deployment of air handling units. Growing indoor air quality regulations for commercial buildings will also spur the growth of the market during the forecast period.
Geographical segmentation and analysis of the global air handling units market
- Americas
- APAC
- EMEA
EMEA accounted for the highest market share during 2015, and it is expected to post robust growth during the forecast period. This research anticipates a rise in construction activities in the residential sector and growing air quality regulations to fuel the demand for air handling units in Europe. Growing GDP of European countries such as Germany, Ireland, and the UK is predicted to have a positive impact on this market.
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Competitive landscape and key vendors
The global air handling unit market comprises several large companies with diversified operations apart from the air handling segment. Innovation in building design and increased focus on energy efficiency of building structures have created many opportunities for air handling unit manufacturers to increase their foothold in this market.
The leading vendors in the market are:
- Carrier
- Daikin
- Johnson Controls
- Systemair
- TROX
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