
Report ID: SQMIG20E2106
Report ID:
SQMIG20E2106 |
Region:
Global |
Published Date: February, 2025
Pages:
198
|
Tables:
91 |
Figures:
71
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REQUEST FREE CUSTOMIZATIONGlobal Air Handling Units Market size was valued at USD 12.71 Billion in 2023 poised to grow from USD 13.41 Billion in 2024 to USD 20.58 Billion by 2032, growing at a CAGR of 5.5% in the forecast period (2025-2032).
The global air handling units market is highly competitive, with several international players driving innovation and market expansion. Key players in the market are Johnson Controls International, Daikin Industries Ltd., Carrier Global Corporation, Trane Technologies, and Systemair AB. The companies undertake these energy-efficient solutions, smart controls, and advanced materials as the competitive edge to take the market space. Other strategic mergers and acquisitions, combined with technological advancement in HVAC systems, are also taken into the market leadership that will provide solutions catering to diversified needs across global industries. 'Johnson Controls International (Ireland)', 'Daikin Industries Ltd. (Japan)', 'Carrier Global Corporation (USA)', 'Trane Technologies (Ireland)', 'Systemair AB (Sweden)', 'Lennox International Inc. (USA)', 'Zehnder Group (Switzerland)', 'FläktGroup (Finland)', 'Swegon AB (Sweden)', 'Greenheck Fan Corporation (USA)', 'Munters AB (Sweden)', 'Toshiba Carrier Corporation (Japan)', 'LG Electronics (South Korea)', 'Samsung Electronics (South Korea)', 'Bosch Thermotechnology (Germany)'
Rapid urbanization and industrial growth, particularly in emerging economies, are fueling the global air handling units market growth. Growing commercial building, hospital, data center, and manufacturing facility construction creates a need for sophisticated HVAC systems that can regulate climate and ensure high-quality air. Government initiatives supporting smart infrastructure and green building practices also contribute to the growing demand for air handling units globally.
Integration of Smart Technologies in Air Handling Units: The global air handling units market trends is shifting towards having smart technologies for IoT, artificial intelligence, and various sensors for effective real-time monitoring, predictive maintenance, and enhancing energy efficiency. This enhances system performance and operational efficiency, thus raising the demand for technologically advanced air handling units in commercial and industrial applications.
Asia-Pacific dominates the global air handling units market due to rapid industrialization, urbanization, and expanding infrastructure projects. The highly vibrant construction sectors, especially in commercial and residential realms, of China, India, and Southeast Asia are adding immensely to the demand for energy-efficient HVAC systems. Government regulations on energy conservation and smart building initiatives also accelerate the adoption of air handling units. Moreover, advanced climate control solutions are in high demand with the growing manufacturing, pharmaceutical, and healthcare industries in the region. The growing disposable income and increasing awareness of indoor air quality also boost market expansion. Asia-Pacific remains to be the strongest market for air handling units worldwide with constant investments in infrastructures and very strong economic growth.
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Report ID: SQMIG20E2106