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.
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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.
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 –
- Shopping malls
- Café & restaurants
- Cold Chain Logistic
- Ware Houses
By Regions, global air handler market is segmented as
- North America
- Latin America
- East Asia
- South Asia