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According to a new market research report published by Credence Research“Offshore Air\nHandling Units Market (AHU) (Less than 5000m3/hr, 5000m3/hr to 15000m3/hr and higher\nthan 15000m3/hr) Market - Growth, Share, Opportunities, Competitive Analysis and Forecast\n2016 - 2023

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offshore air handling units market to reach

Offshore Air Handling Units Market to Reach US$ 2.48 Bn by 2023

According to a new market research report published by Credence Research“Offshore Air

Handling Units Market (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 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 complete report is available

at http://www.credenceresearch.com/report/offshore-air-handling-units-market

Market Insights

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.

The demand for offshore air handling units is majorly driven by the overall rising offshore ship

building and related industry. The offshore oil & gas industry has portrayed strong growth since

the past few years and is estimated to show steady growth in the coming years. However, cruise

liners and yachts industry is one of the largest and fastest growing industries in the travel sector.

As a result, the demand for offshore air handling units is estimated to remain strong throughout

the forecast period.

Competitive Insights:

The offshore air handling units market is quite fragmented in nature with large number of

international as well as regional players operating in the market. 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.

key trends development of energy efficient

Key Trends:

Development of energy efficient air handling units produced using advanced light-weight

materials

Strengthening global sales channel in order to maintain and expand the sales

Sluggish market growth estimated, especially in the oil & gas sector, for the next few years

Development of different fan designs

Focus on custom air handling units for the offshore industry

To Get Complete Report @ http://www.credenceresearch.com/report/offshore-air-

handling-units-market

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving

organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers

some assistance with making enduring enhancements to their execution and understand their most

imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to

this task.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

E-mail: sales@credenceresearch.com

Ph: 1-800-361-8290

Web: http://www.credenceresearch.com