Latest News - Air Handling Unit Market: Non-residential is expected to lead the End-user segment during 2024-2028

The Air Handling Unit Market is being driven by Growing construction sector

The Air Handling Unit Market is expected to grow at a CAGR of 8.22% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4699 million. In the realm of building automation, Building Automation Systems (BAS) play a pivotal role in controlling and monitoring HVAC systems. These advanced systems are integrated into buildings to optimize energy usage and enhance overall efficiency. With the surge in construction projects and retrofits, the installation of BAS has witnessed substantial growth. BAS technology enables seamless interaction with HVAC, lighting, fire, and security systems, offering a user-friendly interface. Advancements in sensor technology and communication solutions, such as open protocols like the Internet protocol, have further bolstered the control capabilities of BAS. By prioritizing energy efficiency, BAS empowers building owners to streamline facility management through integrated, intuitive HVAC solutions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Non-residential
  • Residential
• Capacity
  • Up to 5000 m3 per hour
  • Above 15000 m3 per hour
  • 5000 to 15000 m3 per hour
• Product
  • Single Flux
  • Double Flux
• Type
  • Packaged
  • Modular
• Geography
  • APAC
    • China
    • Japan
  • Europe
    • Germany
    • UK
  • North America
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing construction sector
• Increasing data centers
• Growing replacement and refurbishment demand in developed countries

However, the market also witnesses some limitations, which are as follows:

• High market competition
• Lack of skilled labor
• Stringent regulations

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Market Scope in Air Handling Unit Market Research Report

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Research Analysis Overview

The Air Handling Unit (AHU) market encompasses a wide range of heating, ventilation, and air conditioning (HVAC) systems designed to maintain thermal comfort in commercial and industrial buildings. These units come in various types, including Constant Air Volume (CAV) and Variable Air Volume (VAV) systems. CAV systems deliver a constant volume of conditioned air to each space, while VAV systems adjust the airflow based on the demand for thermal comfort. AHUs can be integrated with Chilled Water Systems for cooling and Heating Coils for heating. Dehumidification and Humidification are also essential functions of AHUs, ensuring optimal Indoor Air Quality (IAQ) and energy efficiency. Air filtration is another critical component, removing pollutants and allergens from the air. AHUs can be found in Rooftop Units and in larger installations, with complex Ductwork and Fan Sections. Energy efficiency is a significant concern in the AHU market, with advancements in Airflow Control, Heat Recovery, and Ventilation System technologies reducing energy consumption. Air Conditioning systems and HVAC systems as a whole rely on AHUs to provide comfortable and healthy indoor environments.

Market Research Overview

The Air Handling Unit (AHU) market is a significant segment of the expansive global electrical components and equipment industry. This sector encompasses businesses involved in the production of electrical cables and wires, electrical components, and electrical equipment. According to Technavio's market analysis, the electrical components and equipment market size is determined by the consolidated revenue generated by manufacturers of various products, including water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components. Furthermore, the market includes revenue from electrical components and equipment rental and leasing services to industrial, commercial, and residential consumers. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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