Thailand Air Handling Unit (AHU) Market by Type (Packaged, Modular, and Custom), by Installation (Rooftop and Indoor), by Capacity (Less than 5,000 M3/H, 5,001 – 15,000 M3/H, 15,001 – 30,000 M3/H, 30,001 – 50,000 M3/H, and Greater than 50,001 M3/H), and by Application (Commercial, Industrial, and Residential) - Opportunity Analysis and Industry Forecast, 2024– 2030
Industry: Construction & Manufacturing | Publish Date: 30-Mar-2024 | No of Pages: 110 | No. of Tables: 77 | No. of Figures: 42 | Format: PDF | Report Code : N/A
Speak to Our Analyst
Market Definition
The Thailand Air Handling Unit (AHU) Market size was valued at USD 96.5 million in 2023, and is predicted to reach USD 164.6 million by 2030, at a CAGR of 7.3% from 2024 to 2030.
The air handling unit (AHU), also known as air handler, is a fundamental component in heating, ventilation, and air conditioning (HVAC) systems, facilitating efficient airflow regulation and indoor climate control across commercial, industrial, and residential sectors. It collects air from the outside and inside, removes dust and other particles from the collected air, adjusts temperature and humidity, and then supplies clean and conditioned air in the room through ducts.
Increasing Awareness of Energy Efficiency Drives the Growth of AHU Industry
The escalating awareness of energy efficiency emerges as a pivotal factor propelling the Air Handling Unit (AHU) market. Fueled by concerns for environmental sustainability and a growing commitment to energy conservation, end-users are increasingly seeking HVAC solutions that minimize energy consumption while ensuring effective performance.
This shift is motivated by the imperative to reduce operational costs, comply with stringent energy efficiency regulations, and attain green building certifications such as LEED. Advanced technologies, including variable air volume (VAV) systems and energy recovery solutions, play a central role in optimizing AHU performance and ensuring precise control over energy usage.
As consumers prioritize eco-friendly practices, the market is responsive by offering energy-efficient AHUs that not only meet regulatory standards but also align with the increasing preference for sustainable and environmentally conscious HVAC solutions. In essence, the awareness of energy efficiency emerges as a key driver, shaping the evolution of the AHU market towards more environmentally friendly and economically sound solutions.
Increasing Demand for HVAC Systems Fuel the Market Growth
The escalating demand for HVAC systems emerges as a decisive driver for the Air Handling Unit (AHU) market. HVAC systems, integral to ensuring comfortable indoor environments across residential, commercial, and industrial spaces, are experiencing a notable uptick in demand.
The increasing global population, coupled with improved living standards, highlights the imperative for effective climate control and management of air quality. As indispensable components of HVAC systems, AHUs play a pivotal role in regulating temperature, humidity, and air circulation.
Various factors, including urbanization, shifting weather patterns, and an elevated awareness of indoor air quality, collectively contribute to the growing demand for HVAC solutions. This trend signifies a broader societal emphasis on establishing optimal living and working conditions, propelling the Air Handling Unit market's growth to address the evolving requirements of diverse sectors.
High Investment Costs & Regular Maintenance Hinders the Market Expansion
High investment costs and regular maintenance pose a significant challenge for the market. Purchasing and installing AHUs, especially for large-scale applications, incur substantial capital outlay covering AHU units, ductwork, controls, labor, and infrastructure modifications. Ongoing maintenance, including servicing, filter replacements, and preventive measures, further increases the total cost of ownership, burdening building owners.
In addition, complexity of modern AHU systems further escalates the costs. These financial barriers may deter potential customers, particularly in cases of tight budgets or availability of alternative HVAC options. Hence, rise in concerns regarding the high cost among consumers and availability of alternative HVAC systems restrain the market growth.
Integration of IoT in Air Handler Creates Market Opportunity
The integration of Internet of Things (IoT) technology is poised to propel Air Handling Units (AHUs) into a transformative phase characterized by enhanced intelligence and connectivity. This evolution involves incorporating advanced sensors within AHUs to monitor real-time parameters such as temperature, humidity, and air quality. Coupled with IoT connectivity, these AHUs become integral parts of a networked system, enabling remote access and control of HVAC functions. Building managers and technicians stand to benefit from the capability to remotely monitor AHU performance, swiftly identify issues, and optimize system efficiency.
Moreover, the implementation of data analytics and machine learning algorithms in this smart and IoT-enabled approach facilitates predictive maintenance. This ensures timely interventions to prevent potential faults, contributing to long-term cost savings. The key advantages of this integrated approach include heightened energy efficiency, improved system performance, and increased adaptability. Overall, the incorporation of smart technologies positions AHUs as more responsive, efficient, and adaptable components within the evolving landscape of HVAC solutions.
Competitive Landscape
The market players operating in the Thailand Air Handling Unit (AHU) market include Daikin Industries, Ltd., Carrier Global Corporation, Trane Technologies, Midea Group, Johnson Controls, Lennox International, Stulz GmbH, Rheem Manufacturing Company, Sinko Industries Ltd., Systemair AB and others.
Thailand Air Handling Unit (AHU) Market Key Segments
By Type
-
Packaged
-
Modular
-
Custom
By Installation
-
Rooftop
-
Indoor
By Capacity
-
≤ 5,000 M3/H
-
5,001 – 15,000 M3/H
-
15,001 – 30,000 M3/H
-
30,001 – 50,000 M3/H
-
≥ 50,001 M3/H
By Application
-
Commercial
-
Industrial
-
Residential
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 96.5 Million |
|
Revenue Forecast in 2030 |
USD 164.6 Million |
|
Growth Rate |
CAGR of 7.3% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
KEY PLAYERS
-
Daikin Industries, Ltd.
-
Carrier Global Corporation
-
Trane Technologies
-
Midea Group
-
Johnson Controls
-
Lennox International
-
Stulz GmbH
-
Rheem Manufacturing Company
-
Sinko Industries Ltd.
-
Systemair AB
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
Frequently Asked Questions
Download Free Sample
Related Report
Related Blogs
Revolutionizing Logistics: The Automated Truck/Trailer Loading System Market's Latest Trends and Developments
Introduction The global logistics industry is in the mids...
Smart Building Solutions: Transforming Commercial HVAC Systems with IoT
In today's dynamic commercial real estate landscape, the...
Top 10 Companies Operating in The Global Elevator Industry
Next Move Strategy Consulting Forecasts strong growth in the global elevator mar...
