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HVAC Air Handling Units Market Trends

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

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HVAC Air Handling Units Market Trends

Smart air handling units provide remote HVAC system monitoring and control through the use of web-based platforms, tablets, and smartphones. Remote access increases convenience and flexibility by enabling users to modify fan speeds, temperature settings, and scheduling from any location with an internet connection. For instance, Trane Technologies plc provides Trane's ComfortLink II communication technology, which facilitates the creation of web-based platforms and mobile apps for remote monitoring, scheduling, and diagnostics of AHUs and other HVAC equipment, driving market growth.

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.