Product ID: UCMIG20I2067
Air Handling Units Market Size, Share, Growth Analysis, By Type(Packaged, Modular), By Business Type(New Equipment, Aftermarket), By Capacity(Less than 5, 000 M3/h), By End-user(Residential, Commercial), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG20I2067 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Air Handling Units Market Insights
Market Overview:
The market size of the global air handling units was valued at USD 10.59 billion in 2021 and is expected to grow significantly during the forecast period. The market is projected to exhibit a CAGR of 7.1%, with a projected increase from USD 11.26 billion in 2022 to USD 18.17 billion by 2029. However, the global COVID-19 pandemic has caused a decline in the demand for air handling units across all regions, as compared to pre-pandemic levels. According to analysis, the global market exhibited a decline of -2.8% in 2020 compared to 2019.
Air Handling Units Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Industrial Machinery by segment aggregation, the contribution of the Industrial Machinery in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Air Handling Units Market Report Snapshots
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