HVAC Air Handling Units Market Analysis

HVAC Air Handling Units Market Analysis

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.

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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.
 

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 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.