Global Air Handling Unit Market 2017-2021
About Air Handling Unit
AHU is a primary device that is used to filter, condition, and circulate air as part of HVAC equipment. The function of AHU is to intake outside air, condition it, and provide fresh air within the building. It basically handles and conditions the air and distributes it to various zones. The AHU is a large metal box comprising ventilators for exhaust and supply, cooling coils, heating coils, air filter racks, heating/cooling recovery systems, mixing chambers, sound attenuators, and dampers.
Technavio’s analysts forecast the global air handling unit market to grow at a CAGR of 5.49% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global air handling unit market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Air Handling Unit Market 2017-2021
Technavio recognizes the following companies as the key players in the global air handling unit market: Carrier, DAIKIN INDUSTRIES, Ingersoll Rand, Johnson Controls, and Systemair.
Other Prominent Vendors in the market are: DencoHappel, Euroclima, Lennox International, Midea, MODINE MANUFACTURING COMPANY, Sabiana, TROX, Vortice, and VTS Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased emphasis on green technology and green buildings. The global AHU market is gradually shifting toward the use of green technology and smart solutions. The green initiative is undertaken by different countries to promote clean energy and reduce carbon footprint.”
According to the report, one driver in the market is increasing data centers. Overheating is one of the main concerns in data centers as it affects productivity and increases downtime. To overcome this issue, cooling systems are provided to maintain temperature and enhance efficiency of data centers. Data center is a highly networked computer server that stores a large amount of data. A substantial increase in the number of data centers was witnessed in the last few years, which is expected to rise in the future.
Further, the report states that one challenge in the market is high market competition. There is intense competition in the market due to the presence of many regional and international players, making the air handling market more competitive. As regional vendors offer lower cost products and components, international players are unable to retain their foothold in the market. Some of the vendors even sell HVAC parts and components at a subsidized rate, which is generally witnessed in APAC countries.
Carrier, DAIKIN INDUSTRIES, Ingersoll Rand, Johnson Controls, and Systemair. DencoHappel, Euroclima, Lennox International, Midea, MODINE MANUFACTURING COMPANY, Sabiana, TROX, Vortice, and VTS Group.