Pune, India, July 29,2019- The Global [150 Pages Report] Air Handling Units Market is estimated at USD 6.93 Billion in 2016, and is projected to reach USD 12.91 Billion by 2026, at a CAGR of 5.7% from 2016 to 2021. The rising usage of air handling units across various application sectors such as commercial buildings, hospitals, industries, universities, data centers, and server rooms is expected to fuel the growth of the air handling units market.
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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.
On the basis of type, the air handling units market has been classified into packaged, modular, custom, DX integrated, low profile (ceiling), rooftop mounted, and others. Custom type is the fastest-growing type segment in the air handling units market. The growth of this segment can be attributed to the high demand of customized air handling units from the application sectors such as pharmaceutical industries, universities, laboratories, commercial buildings, hospitals, and data centers.
On the basis of capacity, the air handling units market is segmented into ≤5000 m3/h, 5001–15000 m3/h, 15001–30000 m3/h, 30001–50000 m3/h, and ≥50001 m3/h. The 15001–30000 m3/h segment is the fastest-growing capacity segment due to the high demand for AHUs with this capacity range from the application segments such as hospitals, universities, and commercial buildings.
On the basis of application, the air handling units market is segmented into commercial and residential application segments. The commercial application segment is projected to grow at the highest CAGR during the forecast period. The high demand of air handling units from the commercial application segments such as the shopping malls, universities, hospitals, laboratories, pharmaceutical industries, and data centers is expected to the drive the air handling units market.
Key players operational in the market include 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.
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