Global Air Handling Units Market Synopsis
Market reports associated to the energy and power industry have been presented by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is anticipated to develop at a CAGR of 5.1% in the forecast period. The buildings of present and the future are expected to integrate central cooling conditioners and heating equipment so as to ensure a better degree of control on air quality as well as the energy consumed. A detailed analysis report of COVID-19 impact on Air handling units Market is provided with the report.
The demand for effective HVAC units such as air handling units is modifying the market’s competitive landscape. The global rise in the construction of offices, schools, commercial buildings, and industries is expected to bolster further development of the air handling unit market. Factors such as mounting industrialization, growing infrastructure projects, expanding number district cooling/heating projects are expected to alter the market’s growth in the forecast period optimistically.
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Segmental Analysis
The segmentation of the air handling unit market can be segmented on the basis of capacity, effect, and region.
On the basis of effect, the market is segmented into Double Effect and Single Effect.
On the basis of capacity, the air handling units market is segmented into 5000m3/hr - 15000m3/hr, up to 5000m3/hr, and above 15000m3/hr.
The regions that are a portion of the market are Europe, North America, Asia Pacific and rest of the world.
Regional Analysis
The market for air handling units covers regions such as Europe, North America, Asia Pacific and rest of the world.
The market is expected to observe noteworthy growth throughout the forecast period due to the rising concern for air quality and increasing HVAC applications in the sector of air conditioning and heating projects. The Middle East region and the Asia Pacific region are likely to boost the market owing to the high demand for infrastructure as the wealth of these regions advances.
The Middle East region is expected to see an increase in projects from district cooling and heating and new smart cities that are being equipped with centralized air systems. This is likely to push the AHU market, positively. Also, the regulations for maintaining the air quality in the commercial building for a healthy environment for workers is also motivating the need for air handling units to support proper ventilation across the buildings.
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Competitive Analysis
The market is well equipped to meet the challenges and keep up with the dynamic growth trends effectively. The framework for growth plans also has inspired the market for potential new entrants. The adjustments seen in terms of strategy execution and creation are modifying the development pace of the market. The market competitors are making considerable adjustments to minimalize the occurrence of competitive disadvantage. The evolution patterns are reviewed in tandem to the customer likings to realize abundant growth, and in the long run, viability. The leadership trends in the market are strengthening the level of growth that can be realized in the existing market scenario. The plan formulation course in the market has become meaningfully easier in which deviations are well accounted for; this approach surges the overall success of these plans in the market.
Leading Players
The eminent market players in the air handling units market are TROX (U.S.), Systemair (Sweden), GEA Air Treatment (Germany), Johnson Controls (U.S.), Lennox International (U.S.), and Flakt Woods (U.K.). Sabiana (U.K.), and Hitachi Ventus (Japan), Trane Inc. (Ireland), Daikin (Japan), Flakt Woods Group (Sweden), Carrier Corporation (UK), CIAT Group (France), and Swegon (Sweden), are among others.
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