Air Handling Units Market Share

APAC Market Forecast

The air handling units market in Asia Pacific is poised to dominate 43% revenue share by 2037. The growth of the market is set to grow on account of rising urban population. In the Asia-Pacific area, urbanization is still a defining megatrend. Asia is home to more than 2.2 billion people, or 54% of the world's metropolitan population. In Asia, an additional 1.2 billion people will live in urban areas by 2050, a growth of 50%. Hence, with this growth in urban population construction activities are on surge which is further boosting the deployment of air handling units. Moreover, since the urban population is on the rise, the population in commercial buildings is also growing such as hotels and malls. Consequently, the need for air handing units is growing.

North American Market Analysis

Additionally, the air handling units market in North America is growing at a noteworthy rate of 7% by the end of 2037. This could be owing to the high standard of living of the people in this region. Another element that contributes to the market growth is the prominent presence of air handler manufacturers in the United States and Canada. Additionally, both the commercial and industrial sectors have embraced the technical improvements in these items, including artificial intelligence or AI in IoT and sensor-based systems.