North America Air Handling Units Market Size and Forecast, Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Configuration, Capacity, Type, Application, and Geography
The North America Air Handling Units Market size was valued at US$ 3.20 billion in 2023 and is expected to reach US$ 4.65 billion by 2031. The North America Air Handling Units Market is estimated to record a CAGR of 4.8% from 2023 to 2031.
The North America air handling unit market is segmented into the US, Canada, and Mexico. The US is a developed country in terms of infrastructure, modern technology, standard of living, and many other factors. Also, various industries in the region are witnessing tremendous growth. In 2023, North America accounted for 53.3% of global pharmaceutical revenues, compared to 22.7% in Europe. According to IQVIA (MIDAS May 2024), the US market accounted for 67.1% of sales of new medications launched between 2018 and 2023, compared to 15.8% in Europe (top five markets). Thus, the growing pharmaceutical industry in the region will spike the demand for AHUs to protect drugs and medications.
Additionally, the construction industry is a major contributor to the US economy. The US had around 919,000 construction establishments in the first quarter of 2023. Also, the region has various construction projects in line. For example, the construction of the Bronzeville Lakefront Mixed-Use Development project started in Q1 2023 involves the construction of a mixed-use complex on 45ha of land in Chicago (Illinois, US). The project is expected to be completed in Q3 2027. The project aims to transform an undeveloped 46ha into a living lab. Similarly, the construction of the Riverwalk San Diego project was initiated in Q1 2023, involving the construction of mixed-use facilities on 80.9ha of land in California, the US. The project aimed to provide better residential and commercial facilities in the region. The project is expected to be completed by Q3 2029. Also, the construction of 2,150 Lake Shore Mixed-Use Complex-which involves the construction of 29 buildings ranging from 3 to 67 storeys, comprising 7,504 residential units on 11ha of land in Toronto, Ontario, Canada-began in Q1 2023 and is forecasted to be completed by Q4 2027. The project will provide a better and wider range of residential, commercial, and retail facilities in the region. Thus, the growing construction industry in the region will stimulate the demand for AHUs, as it helps control the air quality and temperature in the building, positively influencing the North America Air Handling Units Market growth.
Based on configuration, the North America air handling units market is segmented into packaged air handling units, modular air handling units, custom air handling units, rooftop mounted air handling units, and others. The packaged air handling units segment held the largest North America Air Handling Units Market share in 2023. Packaged air handling units (PAHUs) typically contain filters, fans, heating and cooling coils, and sometimes even air conditioning components, all housed in a single package. They are designed for easy installation and can be placed on the ground or mounted on rooftops. Since all components are housed in a single unit, PAHUs save valuable installation space. They are ideal for buildings with limited mechanical room space, as they can be installed outdoors. Being pre-assembled reduces the complexity of installation. This means faster deployment, especially in new constructions, leading to reduced labor costs. With fewer parts and integrated designs, PAHUs typically require less maintenance. This can lead to long-term savings in operational costs. Many packaged units are designed focusing on energy efficiency, often incorporated with features such as variable speed drives for fans and energy recovery systems. PAHUs are commonly used in commercial buildings, schools, hospitals, and retail spaces where space constraints and quick installation are priorities.
Carrier Global Corp, Air Wise Sales Inc., Daikin Industries Ltd, Johnson Controls International Plc, Haakon Industries, VTS Group, Trane Technologies Plc, TROX GmbH, WOLF Anlagen-Technik GmbH & Co. KG, Rheem Manufacturing Co, Munters Group AB, and Sabiana SpA are among the prominent players profiled in the North America Air Handling Units Market report. Several other major players were also studied and analyzed in the North America Air Handling Units Market report to get a holistic view of the market and its ecosystem.
The overall North America Air Handling Units Market share has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the North America Air Handling Units Market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America Air Handling Units Market.
Table Of Contents
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. North America Air Handling Units Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain
5. North America Air Handling Units Market - Key Market Dynamics
5.1 North America Air Handling Units Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Pressing Need for Energy-Efficient Solution
5.2.2 Diversifying Applications Across Various Industries
5.3 Market Restraints
5.3.1 High Initial and Maintenance Costs
5.4 Market Opportunities
5.4.1 Growing Number of Construction Projects
5.5 Market Trends
5.5.1 Growing Technological Advancements
5.6 Impact of Drivers and Restraints:
6. North America Air Handling Units Market Analysis
6.1 North America Air Handling Units Market Revenue (US$ Million), 2021-2031
6.2 North America Air Handling Units Market Forecast and Analysis
7. North America Air Handling Units Market Analysis - by Configuration
7.1 Packaged Air Handling Units
7.1.1 Overview
7.1.2 Packaged Air Handling Units: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Modular Air Handling Units
7.2.1 Overview
7.2.2 Modular Air Handling Units: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Custom Air Handling Units
7.3.1 Overview
7.3.2 Custom Air Handling Units: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Rooftop Mounted Air Handling Units
7.4.1 Overview
7.4.2 Rooftop Mounted Air Handling Units: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
8. North America Air Handling Units Market Analysis - by Capacity
8.1 Below 5000 m3/h
8.1.1 Overview
8.1.2 Below 5000 m3/h: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
8.21-30000 m3/h
8.2.1 Overview
8.2.21-30000 m3/h: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
8.301-50000 m3/h
8.3.1 Overview
8.3.201-50000 m3/h: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Above 50001 m3/h
8.4.1 Overview
8.4.2 Above 50001 m3/h: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
9. North America Air Handling Units Market Analysis - by Type
9.1 AHU With Heat Recovery
9.1.1 Overview
9.1.2 AHU With Heat Recovery: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
9.2 AHU Without Heat Recovery
9.2.1 Overview
9.2.2 AHU Without Heat Recovery: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
10. North America Air Handling Units Market Analysis - by Application
10.1 Commercial
10.1.1 Overview
10.1.2 Commercial: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
10.2 Industrial
10.2.1 Overview
10.2.2 Industrial: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
10.3 Residential
10.3.1 Overview
10.3.2 Residential: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
11. North America Air Handling Units Market - Country Analysis
11.1 North America
11.1.1 North America Air Handling Units Market Breakdown by Countries
11.1.2 North America Air Handling Units Market Revenue and Forecast and Analysis - by Country
11.1.2.1 North America Air Handling Units Market Revenue and Forecast and Analysis - by Country
11.1.2.2 United States: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
11.1.2.2.1 United States: North America Air Handling Units Market Breakdown by Configuration
11.1.2.2.2 United States: North America Air Handling Units Market Breakdown by Capacity
11.1.2.2.3 United States: North America Air Handling Units Market Breakdown by Type
11.1.2.2.4 United States: North America Air Handling Units Market Breakdown by Application
11.1.2.3 Canada: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
11.1.2.3.1 Canada: North America Air Handling Units Market Breakdown by Configuration
11.1.2.3.2 Canada: North America Air Handling Units Market Breakdown by Capacity
11.1.2.3.3 Canada: North America Air Handling Units Market Breakdown by Type
11.1.2.3.4 Canada: North America Air Handling Units Market Breakdown by Application
11.1.2.4 Mexico: North America Air Handling Units Market - Revenue and Forecast to 2031 (US$ Million)
11.1.2.4.1 Mexico: North America Air Handling Units Market Breakdown by Configuration
11.1.2.4.2 Mexico: North America Air Handling Units Market Breakdown by Capacity
11.1.2.4.3 Mexico: North America Air Handling Units Market Breakdown by Type
11.1.2.4.4 Mexico: North America Air Handling Units Market Breakdown by Application