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

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

Status : June, 2020 | Automotive | PPT format

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 study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.