Boston, MA -- (SBWIRE) -- 01/30/2017 -- 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

"The global air handling units market is projected to grow at a CAGR of 5.7% from 2016 to 2026 in terms of value"

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.

Get More Details on this Report and a Full Table of Contents at Air Handling Units Market - Global Forecast to 2026

"Packaged air handling units segment to account for the largest share of the air handling units market in 2016"

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.

"5000 m3/h capacity segment is anticipated to capture the largest share of the global air handling units market in 2016"

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.

"Commercial application segment is estimated to account for the largest share of the global air handling units market in 2016"

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.

"Asia-Pacific is estimated to be the largest market for air handling units in 2016"

Asia-Pacific is estimated to account for the largest share of the air handling units market in 2016 owing to the rise in demand for air handling units in this region. The major application sectors of the air handling units, namely, industries, commercial buildings, hospitals, universities, swimming pool, data centers, and residential buildings, are growing at a rapid pace in the Asia-Pacific region. This contributes towards the growth of the air handling units market in this region. China, India, and Japan are the leading countries in terms of consumption of air handling units in this region.

Profile break-up of primary participants for the report:

-By Company Type: Tier 1 - 45 %, Tier 2 - 35%, Tier 3 - 20%
-By Designation: C level - 35%, Director level - 25%, Others - 40%
-By Region: Asia-Pacific - 47%, Europe - 25%, North America - 13%, Middle East & Africa - 13%, and South America - 7%

Furthermore, as a part of qualitative analysis, the report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by different market players, such as Daikin Industries, Ltd. (Japan), Carrier Corporation (U.S.), Trane Inc. (Ireland), Johnson Controls, Inc. (U.S.), GEA Group AG (Germany), Systemair AB (Sweden), Flakt Woods Group (Sweden), CIAT Group (France), Trox GmbH (Germany), and Lennox International Inc. (U.S.) among others.

Research Coverage:

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