North America Air Handling Units Market
According to a new comprehensive report from The Insight Partners, the North America air handling units market is observing significant growth owing to increase in need for energy-efficient solutions and the increasing demand for air handling units in various industries.
The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the North America air handling units market comprises a vast array of configuration, capacity, type, and application which are expected to register strength during the coming years.
Overview of Report Findings
- Market Growth: The North America air handling units market was valued at US$ 3.20 billion in 2023 and is projected to reach US$ 4.65 billion by 2031; it is expected to register a CAGR of 4.8% during 2022–2030.
- Diversifying Applications Across Various Industries: AHUs efficiently regulate and circulate air within a building or other confined environment, leading to the rise in demand across various industries. AHUs are utilized in a number of industrial operations to control temperature, humidity, and air quality. They are widely used in pharmaceutical manufacturing, food processing, and other industries that demand precise environmental control. In the food and beverage processing industry, AHUs are utilized to provide accurate temperature control, humidity regulation, and air quality management, making the unit a crucial component in maintaining product quality, extending shelf life, reducing spoiling, and assuring consumer safety of the products. Also, clean rooms, which are highly controlled environments used in sectors such as semiconductor production, biotechnology, and pharmaceuticals, rely heavily on AHUs.
- Growing Number of Construction Projects: According to the International Monetary Fund, the US has the largest commercial property market in the world. In addition, the construction industry in Canada and Mexico is witnessing significant growth with the growing industrialization in the countries. Also, surging investments in the development of smart city initiatives are expected to fuel the growth of the construction industry in the country. For instance, Los Angeles plans to host the LA 2028 Summer Olympics. With this announcement, new facility construction began in 2023 and is expected to be completed by the first half of 2028. This vast project is focused on building housing for Olympians and facilities for the competition. Thus, the growing number of such high-end construction activities is expected to fuel the demand for AHUs in the region.
- Technological Advancements: The AHU business is undergoing a transformation fueled by technological advancements and an increasing emphasis on energy efficiency and sustainability. As AHU manufacturers and suppliers work to fulfill the changing demands of diverse industries, innovations such as smart systems, IoT integration, and the application of AI and machine learning pave the way for the future. Smart solutions are transforming the way AHUs operate, enabling unprecedented control and efficiency. These systems use modern sensors and real-time data analytics to dynamically monitor and change the operation of AHUs. Smart AHUs, for example, may automatically alter airflow and temperature settings based on occupancy and indoor air quality, assuring optimal conditions while consuming the least energy.
Market Segmentation
- Based on configuration, the North America air handling units market is segmented into packaged air handling units, modular air handling units, custom air handling units, rooftop mounted air handling units, and others. The packaged air handling units segment dominated the market in 2023.
- Based on capacity, the North America air handling units market is segmented into below 5,000 m3/h, 5,001–30,000 m3/h, 30,001–50,000 m3/h, and above 50,001 m3/h. The below 5,000 m3/h segment dominated the market in 2023.
- Based on type, the North America air handling units market is segmented into AHU with heat recovery and AHU without heat recovery. The AHU with heat recovery segment dominated the market in 2023.
- In terms of application, the market is segmented into commercial, industrial, and residential. The commercial segment dominated the market in 2023.
Competitive Strategy and Development
- Key Players: A few major companies operating in the North America air handling units market include Carrier Global Corp, Air Wise Sales Inc., Daikin Industries Ltd, Johnson Controls International Plc, Haakon Industries, VTS Group, Trane Technologies Plc, TROX GmbH, WOLF Anlagen-Technik GmbH & Co. KG, Rheem Manufacturing Co, Munters Group AB, and Sabiana SpA.
- Trending Topics: Packaged Air Conditioning Market, HVAC Chillers Market, HVAC System Market among others
Global Headlines on North America Air Handling Units Market
- “Johnson Controls launches new Low-GWP residential portfolio ahead of 2025 regulations.”
- “Daikin has announced the launch of new expansion valve kits and control box, for easy connection of Daikin DX (Direct expansion) outdoor units with air handling units.”
- “Trane Technologies acquired AL-KO Air Technology, a division of AL-KO SE, based in Jettingen-Scheppach, Germany.”
Conclusion
The North America air handling units market is predicted to witness strong growth due to the increasing demand for energy-efficient heating and cooling solutions in the region. As the unit is energy efficient and provides improved air quality, its demand is increasing across industries such as food processing, pharmaceuticals, and chemicals. Furthermore, the region is witnessing an increasing number of construction projects, which is expected to propel the demand for AHUs. For example, the construction of the Tampa Gas Worx Mixed-Use Community project—which involves the construction of a 20ha mixed-use development in Ybor City, Tampa (Florida, US)—started in Q1 2023 with an aim to enhance residential, office, and retail facilities in the region. The project is expected to be completed by Q3 2026. Thus, the rising number of construction projects in the region is likely to create lucrative opportunities for the market. Moreover, the growing technological advancements in AHUs by integrating IoT, AI, and machine learning will further make the AHUs more cost-effective and energy efficient, which will continue to propel the market growth.
The report from The Insight Partners, therefore, provides several stakeholders—including solution providers, system integrators, and end-user —with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.
