AHU: Key market research findings
- Growing importance of green buildings and green technologies
- Rise in demand from non-residential and commercial users
Technavio has released a new market research report on the global AHU market, which is expected to grow at a CAGR of around 7% between 2016 and 2020. Factors that can be attributed to the this market’s growth can be rising demand in residential housing sector, increasing GDP and construction spending, as well as regulations on indoor air quality. EMEA is the largest contributing region in the AHU market, accounting for 47% of the overall market share. Rise in construction and manufacturing activities are propelling demand for AHUs in this region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the market is witnessing considerable shift towards the use of green technology and smart solutions. Countries have come up with various clean energy initiatives to reduce the carbon footprints. This has led manufacturers to develop hybrid systems and non-polluting filtration and systems. The HVAC vendors are developing new air handling units compatible with eco-friendly systems, which meet Energy Star ratings and EnergyGuide labels,” says Soumya Mutsuddi, Lead Analyst, Heavy Industry, Technavio Research
Non-residential users dominate the AHU market, occupying around 63% of the overall market share. The AHUs used in this segment are heavy-duty ones, and usually find applications in commercial locations such restaurants, hotels, retail malls, schools, hospitals, and industrial buildings. The use of AHUs leads to considerable energy, emissions, and cost savings of 10% to 40%.
The key vendors in the global AHU market include Daikin Industries, Carrier, Johnson Controls, Systemair, and Trox. The market is characterized by the presence of various global and regional vendors. The market has huge growth opportunities, which gives ample scope for the vendors to increase their market share during the forecast period.
A more detailed analysis is available in the Technavio report, Global AHU Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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