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Air Handling Unit Market Size
- Report ID: GMI10078
- Published Date: Jul 2024
- Report Format: PDF
Air Handling Unit Market Size
Air Handling Unit (AHU) Market was valued at around USD 13.6 billion in 2023 and is estimated to register a CAGR of approximately 4.8% between 2024 and 2032. The demand for AHUs with cutting-edge filtration and air purification technologies is driven by the growing awareness of the significance of Indoor Air Quality (IAQ) for comfort and health, as well as the need to lower toxins and enhance air quality.
According to a Honeywell survey conducted in 2022, 72% of office workers are worried about the IAQ in their workplaces. They would need frequent information on the air quality in their building. Further, stricter IAQ rules and regulations in several industries, including healthcare, real estate, and education, accelerate the demand for high-performance AHUs, thereby enhancing business demand.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Air Handling Unit Market Size in 2023: | USD 13.6 Billion |
| Forecast Period: | 2024-2032 |
| Forecast Period 2024-2032 CAGR: | 4.8% |
| 2032 Value Projection: | USD 20.6 Billion |
| Historical Data for: | 2021-2023 |
| No. of Pages: | 410 |
| Tables, Charts & Figures: | 490 |
| Segments covered: | Product Type, Category, Capacity, Application, Installation, Distribution Channel |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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AHUs are expensive, especially those with sophisticated features such as energy recovery systems and smart controls. This might discourage potential customers, especially Small & Medium-sized Enterprises (SME) or industries with tight budgets. For AHUs to operate optimally and last a long time, frequent maintenance is necessary. This can result in ongoing costs due to routine cleaning, component replacement, and system checks.
Frequently Asked Questions (FAQ) :
Air Handling Unit Market Scope
