Air Handler Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

  • Single User License $3500

Air Handler Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : July, 2021 | Automotive

Report Digest


Air Handler Market Overview

The heating, ventilation and air conditioning (HVAC) system provides comfort or desired air condition through manipulation of air by heating and air conditioning. HVAC system uses air handler unit for the regulation and circulation of air in the effective area. Air handler comprises of filter, heat exchanger coils, mixing chamber and blower. It is used for re-condition and circulation of air in the effective area resulting into increased energy efficiency of the HVAC system.

Air handler market is anticipated to grow with mid-single digit CAGR during the forecast period (2020 - 2030). Owing to factor like rising impact of climate change is causing discomfort and therefore creating need for an HVAC system. Which has increased the focus of world’s leading HVAC system manufacturers towards the regions which are highly affected by climate change further resulted into increased demand for air handler.

Air Handler Market Dynamics

Air handler unit makes the HVAC system energy efficient by enabling the system to take the air from the effective area and re-condition it as per the requirements. Air handler lowers the energy consumption of HVAC system as it does not require continuous operation of its components to process the air. Owing to the aforementioned factors, demand for air handler is likely to grow with a significant growth rate during the forecast period.

Another factor that supports growth of air handler market is growing cold chain demand in the developed and developing countries. Cold warehouses and cold chain logistic companies use chillers, deep freezers, pre-coolers in which air handler unit is used for reconditioning of air. Global cold chain market is anticipated to grow with higher-single digit CAGR owing to growing demand of frozen food, pharmaceuticals and agricultural goods. This will further anticipated to grow demand for chilling systems and thus for air handler.

However, periodic maintenance of blower motor which is used for improved air circulation, increases the maintenance cost of air handler. In addition, expected global economic slowdown due to COVID-19 pandemic may cause stagnancy in the global air handler market for next couple of years while the market is expected to regain the traction from 2022.

Air Handler Market Segmentation

For a better understanding, global air handler market is being studied under Type, End Use & Region.

By type of air handler unit, global air handler market is segmented as -

  • Terminal Air Handler
  • Makeup Air Handler
  • Rooftop Air Handler

By end user, global air handler market is segmented as –

  • Residential
  • Commercial
    • Offices
    • Shopping malls
    • Café & restaurants
    • Hospitals
    • Others
  • Industrial
    • Pharmaceutical
    • Cold Chain Logistic
    • Ware Houses
    • Others

Air Handler Market Regional Overview

Rapidly growing economies and lifestyle aspiration in the higher as well as lower middle income countries in Asia Pacific (including East Asia, South Asia & Oceania) is the most considerable phenomenon which makes the region most suitable market for air handler. Higher effects of the global warming and climate change coinciding with development of the lifestyle in the region and technological advancement in the HVAC systems are collectively anticipated to create robust market opportunities in the region. Initiative taken by the governments of various countries in Asia Pacific region to increase manufacturing such as concession in taxes & smoothen rules for FDI are expected to attract leading player to establish their base in the region to lowering the overall cost of the product. Europe and North America are forecasted to be slightly behind in the market of air handler because economies of these regions are expected to witness slow growth for next few years due to heavy impact of the COVID-19 pandemic on business sector of these regions.

Air Handler Market Competitive Landscape

The global air handler market is moderately consolidated in nature with few major players dominating the global market leaving very less share for the medium & small regional players. China remained as the market leader in both production and consumption of the air handler. Increased competition in HVAC industry have forced the market leaders to lower their manufacturing cost which leads to mass production in developing economies to get cutting edge advantage of low labour cost & easy availability of raw material. Some of the prominent manufacturers in the global air handler market are Carrier Corporation, Trane, Wolf GmbH, GEA Air Treatment, SABIANA, BPS CLIMA etc.

The research report presents a comprehensive assessment of the air handler market and contains deep insights, facts, historical and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to air handler market segments such as by air handler unit, by end use & region.

The Air Handler Market report covers exhaustive analysis on:

  • Air Handler Market Segments
  • Air Handler Market Dynamics
  • Air Handler Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on air handler market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing air handler market dynamics in the industry
  • In-depth air handler market segmentation
  • Historical, current and projected air handler market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key air handler players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on air handler market performance
  • Must-have information for air handler market players to sustain and enhance their market footprint.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?