HVAC Air Handling Units Market Size

HVAC Air Handling Units Market Size

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.