Research and Markets: Global Air Handling Unit (AHU) Market 2015-2019
October 16, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/pzhshc/global_air) has announced the addition of the “Global Air Handling Unit (AHU) Market 2015-2019” report to their offering.
The global AHU market to grow at a CAGR of 10.65% over the period 2014-2019.
The report, Global AHU Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the global AHU market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
The report includes the present scenario and the growth prospects of the global AHU market for the period 2015-2019. The market can be segmented into two: residential and non-residential.
One major trend in this market is aging population. The average age of the population is increasing globally. By 2050 it is expected that 33 countries will have more than 10 million people above 60 years of age. The growth rate of the older population is 1.9% and is much higher than the total population growth rate of 1.2%. Older people need more comfort at home and hence need more climate control equipment in homes and cars. Hence, companies will have to tap this age group for their market. This is expected to boost the market of AHUs across the globe.
According to the report, one key driver of the market is increase in Demand for >15,000 m3/h Capacity AHUs. Companies were reluctant toward expansion activities after the recession of 2008-2009. But, lately, as economies across the globe have started recovering, companies have started to expand their offices, which has boosted commercial construction. Investors in the real estate sector are now confident and have started investment activities, which has boosted business and is driving the market for AHUs.
Further, the report states that one of the major challenges is the high Pricing Pressure on Vendors. The global AHU market is highly fragmented with the presence of several vendors. Pricing pressures and lack of product differentiation result in low consumer loyalty. In addition, the replacement cycle of AHUs is low. Unless vendors are able to meet customer requirements, which vary for each country, it will be difficult for them to retain their customer base.
Key Vendors
– Daikin Industries
– Flakt Woods
– Syatmair
– Trox
Other Prominent Vendors
– Broad Air Conditioning
– Carrier
– Century
– EAW Energieanlagenbau
– Jhonson Controls
– LG Air Conditioning
For more information visit http://www.researchandmarkets.com/research/pzhshc/global_air
View source version on businesswire.com: http://www.businesswire.com/news/home/20151016005922/en/
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Sector: HVAC
