The report recognizes the following companies as the key players in the Global Air Handling Unit (AHU) Market: Daikin Industries, Flakt Woods, Syatmair and Trox.
Other Prominent Vendors in the market are: Broad Air Conditioning, Carrier, Century, EAW Energieanlagenbau, Jhonson Controls and LG Air Conditioning.
Commenting on the report, an analyst said: “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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Aug 10, 2015