Air Handler Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
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 -
By end user, global air handler market is segmented as –
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:
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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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