Rising demand for Heating, Ventilation, and air Conditioning (HVAC) system fuels the growth of the AHU Industry

According to the Next Move Strategy Consulting, the Global Air Handling Unit (AHU) Market is valued at USD 12.47 billion in 2023, and is expected to reach USD 18.47 billion by 2030, with a CAGR of 5.2% from 2024 to 2030.

The rising demand for HVAC systems, driven by urbanization and infrastructure development, is a significant market driver for AHU industry.

This demand spans various sectors, including commercial, residential, healthcare, and industrial, with the global HVAC industry valued at USD 209.4 billion in 2023 and projected to reach USD 332.2 billion by 2030, fueled by stringent regulations, standards, and consumer awareness regarding indoor air quality and energy efficiency.

However, the high cost of raw materials hampers the air handler industry, as reliance on third-party suppliers leaves manufacturers vulnerable to supply disruptions and cost increases, impacting operational efficiency and competitive positioning, thereby restraining market growth.

On the contrary, integration of IoT in AHUs creates new opportunities by enabling internet connectivity, data collection, improved operations, and predictive maintenance scheduling, leading to cost-effective maintenance and repair and enhancing efficiency, thus propelling market growth.

Request a sample here: https://www.nextmsc.com/air-handling-unit-ahu-market/request-sample

According to the report, leading players in the air handler 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.

These market players are adopting strategies such as product launches, acquisition, and business expansion across various regions to maintain their dominance in the AHU market. 

For instance, in January 2024, Carrier expanded its HVAC product portfolio in India with a range of AHUs and fan coil units (FCUs) tailored for diverse commercial building needs, emphasizing high-efficiency air filtering for healthy indoor environments.

Also, in November 2023, Daikin introduced kits to connect air handling units with DX outdoor units, offering a packaged solution for simplified supply and compatibility with R-32 or R-410A coils, ensuring low carbon heating, cooling, and fresh air solutions for commercial spaces.

Moreover, in October 2023, Lennox acquired AES to expand its commercial HVAC services (includes AHU) across North America. The acquisition is expected to provide new offerings for customers and support the growth strategy of Lennox's Commercial Heating and Cooling Business segment.

In addition, in March 2023, Rheem launched the Endeavor Line featuring gas furnaces, air handlers, and air conditioning/heat pump units, equipped with EcoNet technology for remote control via smart thermostats or connected devices, along with Bluetooth connectivity.

Key Insights from the Air Handling Unit (AHU) Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the Air Handling Unit (AHU) market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the role of each stakeholder.

• The market share of the global Air Handling Unit (AHU) market players and their competitive analysis are provided in the report.