According to a new market research report published by Credence Research“Offshore Air Handling Units Market
is estimated to expand from 1.38 Bn in 2015 to reach US$ 2.48 Bn by 2023, growing with a CAGR of 7.6% from 2016 to 2023.
The purpose of the report is to illustrate the state of the market of Offshore Air Handling Units, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2016, and also, to build a forecast for the growth of the industry in the medium term until 2023.
Air handling unit (AHU), also referred to as air handler,is a central air conditioningunit that handles the air circulating within the entire HVAC system. It is among the most crucialcomponents 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 significance of offshore air handling units is the material used in its construction for better corrosion and environmental protection.
Offshore air handling units are designed to operate in variousoffshore applications such as oil rigs, ships, cruise liners and other marine applications. Due to harsh environmental conditions such as salty air, heavy rains and storms, the air handling unit are required to be built using quality materials so as to raise the overall lifespan. The units can be manufactured using stainless steel or coated steel.
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The international players such as Novenco A/S, Heinen&Hopman Engineering, Wozair Ltd., 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. Companies majorly focus on providing air handling units using light weight corrosion-free materials.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Offshore Air Handling Units buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
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What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Offshore Air Handling Units contains:
Analysis and forecast of Offshore Air Handling Units market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Offshore Air Handling Units market;
Assessment and forecast of Offshore Air Handling Units market development;
Financial and business profiles of the leading companies in the Offshore Air Handling Units industry.
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- Up to date working Offshore Air Handling Units data by major regions in the world, the forecast of planned capacity additions by 2026
- The annual breakdown of capital expenditure spending on proposed Offshore Air Handling Units for the period 2018 to 2026
- Planned Offshore Air Handling Units additions and capital expenditure spending by key countries and companies across the world
- Planned capital expenditure spending on new Offshore Air Handling Units projects by region, key countries, and companies
- Details of major planned Offshore Air Handling Units projects in the world up to 2026
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