Research and Markets has announced the addition of the "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" report to their offering.

The global air handling units market is projected to reach USD 12.91 billion by 2026, at a CAGR of 5.7% from 2016 to 2026

The increase in demand of air handling units from the application sectors such as commercial buildings, industries, hospitals, universities, data centers, laboratories, and server rooms is propelling the growth of this market. The growing pollution level around the globe has also triggered the growth in the demand of air handling units from the residential sector. Europe and North America constitute for a major share of the air handling units market and the sluggish growth of air handling units market in these regions will act as a restraint for the global air handling units market.

The packaged air handling units segment is estimated to account for the largest share of the air handling units market, by type in 2016, and is projected to be the fastest-growing type segment from 2016 to 2026. The increasing demand of packaged air handling units from the commercial application segment such as hospitals, commercial buildings, data centers, universities, laboratories, and server rooms contributes towards the growth of packaged air handling units segment, ultimately contributing towards the growth of the air handling units market.

The =5000 m3/h capacity segment of the air handling units market is estimated to account for the largest share in 2016. The =5000 m3/h capacity air handling units are small capacity air handling units, mainly used for small premises and are dominant in the residential sector, especially single family homes. In recent years, there has been a rapid growth in urbanization around the globe. People are migrating to cities which has increased the number of residential buildings in cities. Owing to this, there is a rise in the demand for air handling units from the residential buildings sector.

The commercial application segment is estimated to account for the largest share of the global air handling units market in 2016, and is projected to be the fastest-growing segment from 2016 to 2026. In recent years, rapid industrialization and urbanization has been observed in the emerging economies such as China, India, Middle East, Indonesia, Turkey, Vietnam, and Thailand. This has created a high demand for air handling units from the commercial application segments such as hospitals, universities, shopping malls, data centers, laboratories, and swimming pools.

Market Dynamics

Drivers

  • Technological Advancements in Air Handling Units
  • Rising Demand from Chemical, Food & Beverages, Pharmaceutical, and Oil & Gas Industries in the Asia-Pacific Region
  • Growing Pollution Level Around the World

Restraints

  • Sluggish Growth of Air Handling Units Market in Europe and North America

Opportunities

  • Fewer Rules Related to the Air Handling Units Industry in the Developing Economies of Asia-Pacific Region
  • New Product Innovation and Development

Challenges

  • Fluctuating Raw Material Prices
  • Cost Structure Analysis

Companies Mentioned

  • Airedale International Air Conditioning Ltd.
  • Carrier Corporation
  • Ciat Group
  • Daikin Industries, Ltd.
  • Euroclima Spa
  • Flakt Woods Group
  • GEA Group AG
  • Johnson Controls, Inc.
  • Lennox International Inc.
  • Novenco AS
  • Sabiana Spa
  • Systemair AB
  • Trane Inc.
  • Trox Gmbh
  • VTS Group
  • Wolf Gmbh

For more information about this report visit http://www.researchandmarkets.com/research/dc8nz9/air_handling