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HVAC Air Handling Units Market Share

Report ID: GMI5188
Published Date: Apr 2024
Report Format: PDF

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HVAC Air Handling Units Market Share

Global HVAC Air Handling Units Company Market Share Analysis, (2023)

The HVAC air handling units industry is fragmented, with several regional companies operating on a global scale. In 2023, the Carrier Corporation, Daikin Industries, LG Electronics, Toshiba Corporation, and Trane Technologies led the market. To expand their customer base, broaden their product offerings, and establish a stronger foothold in the market, these corporations strategically deploy mergers, acquisitions, partnerships, and facility expansions. They also leverage their vast distribution networks and resources to investigate new markets.

HVAC Air Handling Units Market Companies

Major players operating in the HVAC air handling units industry are:

Airedale International Air Conditioning Ltd.
Carrier Global Corporation
Daikin Applied Americas
Daikin Industries, Ltd.
Johnson Controls International plc
Lennox International Inc.
LG Electronics Inc.
Mitsubishi Electric Corporation
Munters Group AB
Rheem Manufacturing Company
Systemair AB
Titus HVAC
Toshiba Corporation
Trane Technologies plc
York International Corporation

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The HVAC air handling units industry was reached USD 65.3 billion in 2023 and is projected to expand at 4.4% CAGR from 2024 to 2032, owing to the rising construction of new residential buildings such as single-family homes, multi-family housing complexes, condominiums, and apartment buildings.

The filters segment in the HVAC air handling units market accumulated USD 18.9 billion in revenue in 2023, due to the growing awareness of the value of IAQ in institutional, commercial, and residential buildings.

Asia Pacific HVAC air handling units industry held 43% revenue share in 2023 and is estimated to grow at notable rate between 2024 and 2032, on account of the thriving commercial & industrial sectors including manufacturing, hotel, retail, healthcare, education, and IT services.

Airedale International Air Conditioning Ltd., Carrier Global Corporation, Daikin Applied Americas, Daikin Industries, Ltd., Johnson Controls International plc, Lennox International Inc., LG Electronics Inc., Mitsubishi Electric Corporation, Munters Group AB, Rheem Manufacturing Company, Systemair AB, Titus HVAC, Toshiba Corporation, Trane Technologies plc, and York International Corporation are some of the leading HVAC air handling units companies worldwide.