HVAC Air Handling Units Market Size - By Type (Modular, Custom, Packaged, DX Integrated), By Working Principle (Draw Through, Blow Through), Capacity, Application (Residential, Commercial, Industrial, Healthcare) & Forecast, 2022 - 2028

Industry Trends

HVAC Air Handling Units (AHU) Market crossed USD 10.46 billion in 2021 and is anticipated to grow at over 4.2% CAGR from 2022 to 2028. The industry shipments are expected to reach 993,906 units by 2028. Growing urbanization and increasing investments in commercial construction projects will proliferate market growth. Additionally, managing the indoor air quality by filtration and maintaining proper ventilation is augmenting the product demand.
 

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The continuous growth of heavy construction activities and the development of green buildings & smart cities across the globe have spurred the market share. Rising demand for high-performance air conditioning equipment in commercial buildings, industries, offices, etc., is likely to influence business growth. Investment plans from the real estate industry and government entities are boosting the air handling units adoption.
 

Furthermore, the continuous growth of economies in emerging nations including China, India, Malaysia, Brazil, and South Korea are significantly compelling the building & construction sector statistics, which will support the overall market revenue. The recovering U.S. housing sector will positively impact the industry size owing to favorable government policies and low-interest rates.
 

High energy efficiency and specific solutions to control indoor air quality will largely contribute to the HVAC air handling units market expansion. However, fluctuating raw material costs around the world are constraining businesses.
 

Increasing demand for packaged type products

The packaged type of air handling unit segment is poised to reach about USD 6.7 billion by 2028. This segment is expected to dominate the market revenue due to its applications over a wide range of industries. This segment offers numerous fixed-rated capacities such as 3, 5, 7, 10, and 15 tons. The packaged air conditioners are categorized into two basic types, i.e., water-cooled condensers and air-cooled condensers, depending on the cooling system.
 

The global HVAC air handling units market from draw-through is projected to register nearly 4.4% gain through 2028. Factors including unique designs and effective removal of hot moist air will significantly support segment growth.
 

Robust demand for up to 5,000 m³/hr. capacity products

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The up to 5,000 m³/hr. segment captured more than 50% of the volume share in 2021 on account of extensive construction applications in the North American and European regions. These small capacity AHUs are extensively used in small premises in the residential sector, specifically single-family houses. The rising demand for such AHUs from both residential & commercial application is expected to propel the ≤5,000 m3/hr. capacity units penetration.
 

Industrial air handling units have gained popularity

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This industrial application is set to hold around 36% of the HVAC air handling unit market share by 2028 fueled by growing industrialization globally. Investments in industrial production are on the rise in many regions, thus having a positive impact on the market. Moreover, Government investments in industries will continue to boost business growth.
 

Asia Pacific to dominate the overall industry

Asia Pacific HVAC air handling units market is predicted to exceed USD 5.1 billion by 2028. Stringent energy conservation policies coupled with robust growth in infrastructural developments in leading economies, such as China, India, Japan, Indonesia, etc., will foster regional product demand. Expansion in the office & retail sectors is estimated to further propel the construction industry, in turn, driving the overall market statistics.
 

Product innovation and capacity expansion will create growth opportunities

Key HVAC air handling units market players are Johnson Controls, Inc., Daikin Industries Ltd., Carrier Corp., Trane Technologies, Trox GmbH, GEA Group AG, Lennox International, CIAT Group, and Blue Star Ltd.
 

Companies are strategically engaging in capacity expansion along with research & development to improvise their products. In July 2021, Daikin signed an agreement with the Technical Education & Skills Development Authority to establish a Heating, Ventilation, and Air Conditioning (HVAC) center in Taguig, Philippines. This investment will strengthen the company’s foothold in the South Asian region.
 

The HVAC air handling unit (AHU) market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in units and revenue in USD Million from 2018 to 2028 for the following segments:

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Market, By Type

• Modular
• Custom
• Packaged
• DX Integrated
• Others

Market, By Working Principle

• Draw Through
• Blow Through

Market, By Capacity

• Up to 5,000 m³/hr
• 5,000 m³/hr to 15,000 m³/hr
• 15,000 m³/hr to 30,000 m³/hr
• 30,000 m³/hr to 50,000 m³/hr
• Above 50,000 m³/hr

Market, By Application

• Residential
• Commercial
• Industrial
• Healthcare
• Others

Market, By Region

• North America 
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • GCC