Air Handling Units Market, Forecast 2024-2032
The Air Handling Units Market size was valued at USD 10.59 USD billion in 2023 and is projected to reach USD 38.61 USD billion by 2032, exhibiting a CAGR of 20.3 % during the forecast period. Air Handling Units (AHUs) are part and parcel of Heating Ventilation and Air Conditioning (HVAC) systems with the responsibility of controlling and distributing the air within a building structure. These range from packaged, modular units, and custom built units as may be required depending on the demand. Due to its flexibility, this type of system can be installed in various establishments such as commercial establishments, industrial facilities or healthcare centres. Some AHU parts include a filter to enhance IAQ, a heating/cooling coil to control the temperature, dampers for the airflow, and fan assemblies for air distribution. These units can also incorporate other features including energy recovery systems that increase efficiency and minimize costs. AHUs find their application in climate control of various buildings, especially the ones which require strict control of environmental conditions, for example, hospitals, data centres, laboratories, and manufacturing companies. Their ability to retain comfort indoors enhances occupant comfort, preserves the equipment and fosters processes that require stable atmospheres. The advantages coming from AHUs are not limited to the comfort and energy saving but also include changes in air quality, utilization of energy and optimization of building performance.
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The global air handling units market is dominated by Asia Pacific, followed by North America and Europe. The rapid urbanization and economic growth in Asia Pacific are key drivers for the regional market.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.3% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.3% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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