Air Handling Units Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts, 2023-2030
Market overview: The global air handling units market is expected to reach USD 20,816.50 billion by 2030, growing at a CAGR of 5.6% during the forecast period (2023-2030). The growth of the market is attributed to the increasing demand for energy-efficient HVAC systems from both the commercial and residential sectors, rising urbanization and industrialization in developing countries, and growing awareness about the importance of indoor air quality. Increasing ventilation reduces the concentration of toxins or indoor air pollutants, including life-threatening viruses, hence increasing industry demand. As the number of people in an interior space grows, the need for adequate ventilation with external air will create an opportunistic line for product demand. Furthermore, technical breakthroughs such as incorporating sensors into AHU units for motion-activated air conditioning and creating low-cost 3D printed units are positively impacting the market growth. Many countries endure se...