by Brianna Crandall — January 27, 2017 — MarketsandMarkets recently launched a report on the global air-handling units market, discussed by application, type and capacity. The increase in demand for air-handling units to optimize indoor air quality (IAQ) for operations, comfort and health in such sectors as commercial buildings, industrial plants, hospitals, universities, data centers, laboratories and server rooms is said to be propelling the growth of this market, which the report projects will reach USD 12.91 billion by 2026, at a compound annual growth rate (CAGR) of 5.7% from 2016 to 2026.
The custom air-handling units segment is estimated to account for the second-largest share of the air handling units market in 2016, and is projected to be the fastest-growing type segment from 2016 to 2026. The growth is mainly attributed to the rising demand for custom air-handling units from commercial application sectors such as pharmaceutical plants, shopping malls, hospitals and universities.
Among the various capacities of air-handling units, the 15001 – 30000 m3/h capacity segment is anticipated to grow at the highest CAGR from 2016 to 2026. These are medium-sized units used in commercial applications such as hospitals, shopping malls, commercial buildings, data centers and laboratories. Due to the increasing awareness regarding the impacts of pollution on environment and human health, there is a high rise in the use of air-handling units — which are not only used for cooling and heating purposes, but also for providing fresh air, humidification, and controlling relative humidity — and for this size in particular.
The commercial segment is estimated to account for the largest share of the air-handling units market in 2016, and is projected to be the fastest-growing segment from 2016 to 2026. This growth can be attributed to increased demand from such facilities as shopping malls, hospitals, universities, data centers, industrial plants, cleanrooms and server rooms.
The Asia-Pacific region is estimated to be the largest market for air-handling units in 2016. The large share can be attributed to the growing demand from the shopping malls, hospitals, universities, data centers, industrial plants, cleanrooms and server rooms in this region.
Key players operational in the market include Daikin Industries, Ltd. (Japan); Carrier Corporation (USA); Trane Inc. (Ireland); Johnson Controls, Inc. (USA); GEA Group AG (Germany); Systemair AB (Sweden); Flakt Woods Group (Sweden); CIAT Group (France); Trox GmbH (Germany); and Lennox International Inc. (USA); among others.
The 150-page report, Air Handling Units Market by Application (Commercial, Residential), Type (Packaged, Modular, Custom), Capacity (≤ 5000 m3/h, 5001 – 15000 m3/h, 15001 – 30000 m3/h, 30001 – 50000 m3/h, ≥ 50001 m3/h), Region – Global Forecast to 2026, is available for purchase from the MarketsandMarkets Web site. Early buyers will receive 10% customization on reports, says the firm.