Air Handling Units Market To Cross US$
10 Bn By 2023
According
to a new market research report published by Credence Research“Air Handling
Units (AHU) (Less than 5000m3/hr, 5000m3/hr to 15000m3/hr and higher than
15000m3/hr) Market - Growth, Share, Opportunities, Competitive Analysis and
Forecast 2016 - 2023”,the global air handling units market stood is estimated
to expandwith a CAGR of 7.3% from 2016 to 2023 to reach US$ 10.94 Bn by 2023.
The complete report is available at http://www.credenceresearch.com/report/air-handling-units-market
Market Insights
Air
handling unit (AHU), also referred to as air handler, is a central air
conditioning unit that handles the air circulating within the entire HVAC
system. It is among the most crucial components to be considered in
designingair conditioning system.AHU is an integrated unit comprising various
equipment such as fans, filters, air-control dampers, heating/cooling coils and
others. The prime purpose behind using AHU is to accumulate and mix the outdoor
air with the indoor circulating air. The AHUs typically constructed in a frame
structure made up of galvanized steel, aluminum or related alloys. These are
equipped with environmental protection such as sealing around the joints and
weatherproof covers for better protection and longer life.
The
overall air handling units industry is largely supported by the steadily rising
HVAC industry worldwide. AHUs form an important component of the overall air
conditioning system. Thus, with the further rising penetration of air
conditioning systems across the world, the demand for AHU is expected to remain
constant throughout the forecast period. With the rising need for energy
efficient solutions in air conditioning, manufacturers are now focusing towards
developing eco-friendly products having better energy saving. Other significant
factors contributing to the market growth arerising urbanization and
industrialization across emerging countries. Rising urbanization in countries
such as India and China have led to strong demand for air conditioning systems
in the recent years. The trend is expected to continue in the forecast period
thereby supporting the air handling unit market growth.
Competitive Insights:
The
air handling units market is fragmented in nature with large number of
international as well as regional players operating in the market. The
international players such as Carrier Corporation, Daikin Industries Ltd.,
Systemair Ltd. and others face substantial competition from the regional
players worldwide. This has significantly increased the competition among the
air handling unit manufacturers over the period of time. AHU manufacturers
majorly focus on providing energy efficient products in order to maintain their
competitive edge in the market.
Key Trends:
Development
of energy efficient air handling units
Strengthening
global sales channel in order to maintain and expand the sales
Acquisition
of other players for strengthening product portfolio as well as global presence
Sluggish
market growth estimated for the next few years
About Us:
Credence
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We offer our customers some assistance with making enduring enhancements to
their execution and understand their most imperative objectives. Over almost a
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