Air Handling Units Market to Cross Us$ 10 Bn by 2023

Air Handling Units Market To Cross US$ 10 Bn By 2023

According to a new market research report published by Credence Research“Air Handling Units (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 air handling units market stood is estimated to expandwith a CAGR of 7.3% from 2016 to 2023 to reach US$ 10.94 Bn by 2023.

The complete report is available at http://www.credenceresearch.com/report/air-handling-units-market

Market Insights

Air handling unit (AHU), also referred to as air handler, is a central air conditioning unit that handles the air circulating within the entire HVAC system. It is among the most crucial components 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 prime purpose behind using AHU is to accumulate and mix the outdoor air with the indoor circulating air. The AHUs typically constructed in a frame structure made up of galvanized steel, aluminum or related alloys. These are equipped with environmental protection such as sealing around the joints and weatherproof covers for better protection and longer life.

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The overall air handling units industry is largely supported by the steadily rising HVAC industry worldwide. AHUs form an important component of the overall air conditioning system. Thus, with the further rising penetration of air conditioning systems across the world, the demand for AHU is expected to remain constant throughout the forecast period. With the rising need for energy efficient solutions in air conditioning, manufacturers are now focusing towards developing eco-friendly products having better energy saving. Other significant factors contributing to the market growth arerising...