China Air Handling Units Market
The China air handling units market is witnessing rapid growth, driven by the country’s robust industrialization, urbanization, and increasing focus on improving indoor air quality. The demand for AHUs in China is primarily fueled by the expanding commercial real estate sector, particularly in tier 1 and tier 2 cities, where the construction of office buildings, shopping malls, and hotels is on the rise. Additionally, the growing awareness of the health benefits associated with clean and well-ventilated indoor environments is leading to increased adoption of advanced HVAC systems, including AHUs, in residential buildings.
China’s stringent environmental regulations and energy efficiency standards are also playing a significant role in shaping the AHU market. The government’s push towards reducing energy consumption and carbon emissions is encouraging the adoption of energy-efficient air handling units equipped with advanced filtration and heat recovery systems. Furthermore, the increasing application of AHUs in industrial sectors, such as pharmaceuticals, food processing, and electronics manufacturing, is contributing to the market’s growth. As China continues to invest in infrastructure development and smart city projects, the demand for innovative AHU solutions that offer enhanced performance, energy savings, and improved indoor air quality is expected to remain strong.
Many IT parks, business parks, commercial buildings, and industries have air conditioning facilities to maintain comfort air conditioning, which increases employee productivity and provides a pleasing sense to people. Rising industrialization is a major driver of air handling unit sales. Industrial production expenditures are rising in many areas.
The air handling unit market is expected to be worth USD 12.71 billion in 2023 and USD 21.83 billion by 2032, with a CAGR of 5.50% from 2024 to 2032.
This increase in industry activity will benefit the market. Air handling equipment is also in high demand in urban and business settings. It is yet another factor driving the market higher.
Furthermore, the demand for air conditioning and heating equipment increases as the number of homes and buildings increases. As a result of these considerations, competition for global handling unit market share will increase. The IoT is a scenario in which AHUs/HVAC systems are linked to the internet to allow data sharing. It gathers data, stores it in the cloud, optimizes operations for greater efficiency, and runs a predictive maintenance schedule. It also monitors, controls, and diagnoses the AHU and HVAC system remotely via the internet. Furthermore, IoT allows for low maintenance and repair costs for the HVAC system. IoT provides access to and correctly interprets real-time performance data from AHUs and HVAC systems.
Market segmentation:
The market is divided into segments based on type, effect, capacity, application, and geographic location. The global air handling unit market is expected to grow moderately during the forecast period.
In terms of application, the market is divided into two different sectors, i.e, commercial and residential.
In terms of end-users, the market is divided into packaged Industrial air handlers, modular air handling units, bespoke air handling units, and low-profile air handling units. Rooftop mounted air handling units and dx integrated air handling units.
Regional analysis:
This market, according to reports, is divided into four distinct regions: North America, Europe, Asia Pacific, Africa and the Middle East. Asia-Pacific is the largest market for air handling units. Increasing demand for air handling units from the Asia Pacific region's rapidly growing industrial sector is one of the major factors driving this region's market share and CAGR.
Rising urbanization and commercialization in Asia Pacific developing countries such as India, Australia, Thailand, and Taiwan are also expected to increase demand for air handling units. During the forecast period, India is expected to have the highest demand for air handling units in the Asia Pacific region. Increasing living standards and disposable income are driving the demand for comfortable living conditions, which drives the demand for air conditioning equipment.
Recent developments:
- Trane Technologies plc will establish a new operations base in Las Vegas, Nevada, in May 2021. The company will collaborate with local engineers, contractors, commercial building owners, and facility directors to provide energy management, HVAC systems, services, and aftermarket parts solutions.
- Daikin Industries, Ltd. announced in April 2020 that they had underwritten approximately USD 2 million for a capital increase by Locix, Inc., a Silicon Valley-based startup, through third-party allocation. By utilizing Locix's highly accurate local positioning technology, Locix LPS, Daikin Industries, Ltd. hoped to reduce labor hours at installation sites.
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