April 20, 2022
The business intelligence report titled ‘HVAC Air Handling Units Market Size By Type (Modular, Custom, Packaged, DX Integrated), By Working Principle (Draw Through, Blow Through), By Capacity (Up to 5,000 m????/hr., 5,000 m????/hr. to 15,000 m????/hr., 15,000 m????/hr. to 30,000 m????/hr., 30,000 m????/hr. to 50,000 m????/hr., Above 50,000 m????/hr.), By Application (Residential, Commercial, Industrial, Healthcare), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2022 – 2028’, available with MarketStudyReport, elucidates that the HVAC air handling units market is likely to witness a sizable growth rate through 2028.
Growing concerns regarding air quality across the globe is a primary factor aiding the augmentation of HVAC air handling units market.
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In addition, recent innovations in HVAC technology in the form of geothermal cooling, heating systems, and automation are likely to unearth new opportunities for market expansion in the forthcoming years.
However, fluctuating raw material prices may pose as major roadblocks hindering the growth trajectory of the market.
Based on product type, the packaged segment is likely to garner strong returns, progressing at a CAGR of 4% during the review period, attributable to burgeoning demand from small telephone exchanges, small halls, homes, restaurants, and others.
Meanwhile, the DX sub-segment, which held a valuation of around USD 852 million in 2021, is expected to amass USD 1065 million by the forecast period end.
Speaking of capacity, 15000 m3/hr to 30000 m3/hr sub-segment of HVAC air handling units industry was worth USD 2170 million in 2021 and is expected to surpass a commendable renumeration of USD 2900 million by 2028.
With reference to application, apart from healthcare, industrial, commercial, and residential sectors, the others segment touched a valuation of USD 330 million in 2021 and is slated to reach USD 390 million by the end of the analysis timeframe, owing to demand from laboratories, institutes, and research facilities.
From a regional frame of reference, Latin America HVAC air handling units market share is slated to progress at a CAGR of more than 4.6% during the assessment timeline. Meanwhile, Middle East & Africa market, having 9.3% volume share in 2021, is expected to amass a valuation of USD 1600 million by 2028, attributed to prevalent use of energy-efficient HVAC construction materials in the region.
The competitive framework of the HVAC air handling units market is defined by prominent players such as GAMI Air Conditioners Manufacturing, VTS Group, Mekar Srl, Trosten Industries Company LLC, Lennox International Inc., Trox GmbH, CIAT Group, Flakt Group, Systemair AB, GEA Group AG, Crane Inc., Carrier Corporation, Daikin Industries Ltd., and Johnson Control Inc.