Air Handling Units Market Trends

  • Report ID: 5096
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Air Handling Units Market Trends

Growth Drivers

  • Surge in Adoption of IoT in Air Handling Units

The use of the Internet of Things (IoT) in air handling units has made the functioning of the system efficient. It has made it easy to collect data and store it in the cloud and also schedule maintenance according to its prediction. Moreover, monitoring, controlling, and diagnosing the system becomes cost-effective with the adoption of IoT. Since it also provides real-time data on the function of the AHU system. Hence, the further maintenance cost is reduced. For instance, loT-enabled structures may provide facility managers with early indications of any technical anomalies and enable remote diagnostics and correction, which could reduce system failures and save money.

  • Growth in Crowd in Malls

People generate an equal amount of heat as a light bulb. Hence, with the growth in the number of people in malls, the temperature tends to rise. Therefore, the installation of air handling units is growing in malls.

  • Rise in the Number of Data Centers

Currently, in the world, there are approximately 7,999 data centers. These data centers necessities the use of air-handling systems. To guarantee the best performance and dependability of information and technology equipment (ITE) systems, data center air handling units (AHUs) and conditioning systems are crucial.

Challenges

  • Fluctuating Price of Raw Materials
  • High Maintenance Cost
  • High Risk to the Workers - The risk of physical damage arises while employed as an AHU technician. As a consequence of their frequent use of heavy machinery, exposure to intense heat and/or cold, and occasional contact with hazardous materials. AHU technicians experience more workplace injuries than employees in many other occupations.

Air Handling Units Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

7.1%

Base Year Market Size (2024)

USD 17.29 billion

Forecast Year Market Size (2037)

USD 42.52 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa
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Author Credits:  Richa Gupta


  • Report ID: 5096
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of air handling units is evaluated at USD 18.29 billion.

The air handling units market size was over USD 17.29 billion in 2024 and is anticipated to exceed USD 42.52 billion by the end of 2037, growing at over 7.1% CAGR during the forecast period i.e., between 2025-2037. The market growth is driven by surge in the adoption of IoT in air handling units, growth in the crowd in malls, and a rise in the number of data centers.

Asia Pacific industry is poised to dominate 43% revenue share by 2037, due to rising urban population in the region.

The major players in the market include Daikin Industries, Ltd., Carrier Corporate, Trane Technologies Plc, Johnson Controls, Systemair AB, LG Electronics, Lennox International Inc., Munters AB, Investment AB Latour (Publ), Trox GmbH.
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