HVAC Air Handling Units Market applications and company’s active in the industry
Category: #business  By Rahul Varpe  Date: 2022-11-28
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HVAC Air Handling Units Market applications and company’s active in the industry

The HVAC air handling unit (AHU) market is speculated to expand considerably by 2028 due to growing concerns regarding air quality across the globe.

Recent innovations in HVAC technology, including automation, geothermal cooling and heating systems, dual fuel heat pump technology, and energy analysis software, among others, have augmented industry uptake over the past few years.

The HVAC air handling unit (AHU) market has been segmented based on application, type, capacity, working principle, capacity, and region. By type, the market has further been bifurcated into DX integrated, modular, custom, packaged, and others.

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The packaged sub-segment is anticipated to attain a considerable valuation by 2028, developing at a CAGR of around 4.0% over the review timeline. Mounting demand from restaurants, small halls, homes, telephone exchanges, and others are likely to drive segmental expansion in the coming time period. The DX integrated sub-segment held a valuation of nearly USD 852 million in 2021 and is slated to be worth USD 1065 million by the end of 2028.

With respect to working principle, the HVAC air handling unit market has been classified into blow through and draw through. The blow through sub-segment is projected to grow at a CAGR of approximately 3.6% in terms of volume through the assessment period. The blow through working principle offers several advantages, including significant reduction of the maintenance cost, improved heating ventilation, and reduction in equipment corrosion, which is poised to contribute to segmental growth in the upcoming years.

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Based on capacity, the market has been divided into up to 5,000 m³/hr, 5,000 m³/hr to 15,000 m³/hr, 15,000 m³/hr to 30,000 m³/hr, 30,000 m³/hr to 50,000 m³/hr, and above 50,000 m³/hr. In 2021, the HVAC air handling unit market from the 15,000 m³/hr to 30,000 m³/hr sub-segment was valued at about USD 2,170 million and is likely to reach a revenue estimation of almost USD 2,900 million by the end of 2028. The above 50,000 m³/hr sub-segment is estimated to register around 3.8% volume share by the end of 2028 owing to nominal demand from industrial applications.

In terms of application, the HVAC air handling unit market has been bifurcated into healthcare, residential, industrial, commercial, and others. The others sub-segment garnered nearly USD 330 million valuation in 2021 and is expected to surpass USD 390 million by the end of the review period. This growth is attributed to surging demand from research facilities, institutions, laboratories, and others.

From the regional point of view, the LATAM HVAC air handling unit market is expected to progress at a CAGR of more than 4.6% in terms of volume over the forecast timeline. Meanwhile, the MEA HVAC air handling unit market registered a volume share of about 9.3% in 2021 and is poised to exceed USD 1,600 million by 2028. Prevalent adoption of energy-efficient HVAC materials for construction activities is projected to drive regional market growth.

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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