Growth Drivers
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.
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.
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
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 |
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Author Credits: Richa Gupta
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