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Offshore Air Handling Units Market By Product (Packaged, Modular, Custom), By Fan Type (SISW Centrifugal Fans-Based, DIDW Centrifugal Fans-Based), By Application (Oil & Gas Rigs, Cruise Liners & Yachts, Defense, FPSO Vessels, Cargo Ships) – Growth, Share, Opportunities & Competitive Analysis, 2020 – 2030

Summary
Table Of Content

Market Overview

The market for Offshore Air Handling Units is projected to grow from US$ 2.28 Bn in 2022 to an estimated US$ 4.8 Bn by 2030, expanding at a Compound Annual Growth Rate (CAGR) of 7.50% over the forecast period.

Offshore air handling units (AHUs) are pivotal components of HVAC systems designed specifically to combat the challenges of marine environments like salty air, rainfall, and storms. These units, crafted predominantly from corrosion-resistant and lightweight materials, feature a primary filtration and circulation system within the broader HVAC infrastructure. Their structure, often made of aluminum, encases essential components such as fans, filters, and dampers, with external protection provided by materials like stainless steel or durable aluminum alloys. AHUs find applications in diverse marine settings, including oil rigs, cargo ships, cruise liners, and navy vessels.

The offshore AHU market’s growth trajectory is largely shaped by the expanding global offshore industry, ensuring sustained demand. Additionally, manufacturers’ initiatives towards developing energy-efficient, durable, and lightweight units have intensified market competition. Anticipated growth in sectors like cruise liners and yachts is steering market players’ attention and promising lucrative opportunities. The “Global Offshore Air Handling Units Market: Growth, Share, Opportunities, and Competitive Analysis, 2020–2030” report provides a comprehensive assessment of this evolving market, offering insights from 2018 to 2030 and analyzing key market dynamics, including drivers, challenges, and potential opportunities.

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Market Drivers and Trends

The Offshore Air Handling Units (AHUs) market is witnessing significant growth, propelled by a range of distinct drivers. Emerging economies like China, India, and Brazil are spearheading a demand surge in offshore oil and gas exploration, shipbuilding, and other maritime sectors, leading to an increased need for offshore AHUs. The rise in energy prices emphasizes the importance of energy-efficient offshore AHUs to optimize operational costs. Additionally, global commitments, such as the Kyoto Protocol, are urging the industry towards low-emission technologies, further driving demand. Meanwhile, there’s a consolidated industry focus on energy conservation and harnessing renewable energy sources, with offshore AHUs playing a central role in these green initiatives.

Concurrently, specific industry trends are shaping the offshore AHU landscape. The offshore floating production, storage, and offloading (FPSO) market’s expansion necessitates sophisticated AHUs to ensure optimal ventilation, heating, and cooling. Deepwater and ultra-deepwater oil and gas explorations require AHUs tailored to withstand extreme environmental conditions. Moreover, as automation and control mechanisms become more prevalent in maritime operations, the demand for compatible offshore AHUs has surged. With these drivers and trends, the offshore AHU market is primed for considerable growth in the coming years.

Market Restraints

The offshore air handling unit (AHU) market encounters a few substantial restraints that affect its growth trajectory and broader acceptance in the offshore industry. One of the primary challenges is the high initial cost, attributed to the necessity for specialized materials and construction techniques to endure harsh offshore conditions. This factor is compounded by the complexity of installation and maintenance procedures, which require skilled personnel and potentially lead to increased operational costs and delays. Additionally, the market faces competition from alternative technologies, such as electric chillers, which might offer more cost-effective solutions in certain applications. The cyclical nature of the oil and gas industry also plays a role, with fluctuations in commodity prices influencing investments and demand for offshore AHUs. The COVID-19 pandemic added another layer of complexity, disrupting supply chains, delaying projects, and reducing investments. Despite these hurdles, the offshore AHU market maintains a promising outlook, driven by an uptick in offshore energy activities and a growing focus on energy efficiency and the integration of renewable energy sources.

Market Competitive Analysis

The global market for offshore air handling units (AHUs) is competitive, with several key companies holding a major share of the market revenue. These companies compete based on the variety and quality of their products, their ability to provide strong technical support, and their pricing. Notably, companies like Daikin Industries Ltd., Carrier Corporation, and Johnson Controls are among the top players. They have a significant global presence and consistently innovate to offer better products. Their strategies include expanding their product range, investing in new technologies, reaching more global markets, and providing excellent technical services. The future of the offshore AHU market looks promising, driven by the rising need of offshore oil and gas exploration and a focus on energy efficiency. The top companies are well-prepared to benefit from this growth due to their innovative capabilities and broad global presence.

The top 10 players in the offshore AHU market are:

Daikin Industries Ltd.
Carrier Corporation
Johnson Controls
Trane Technologies
Lennox International
FläktGroup
GEA Group
Trox Group
Airedale International Air Conditioning Ltd.
Novenco A.S.

Recent Developments

In 2023, Daikin Industries Ltd. unveiled an advanced range of offshore air handling units (AHUs) characterized by enhanced efficiency and sustainability. Central to this development is Daikin’s commitment to environmental stewardship, as evidenced by their pursuit of new refrigerant formulations boasting lower global warming potential (GWP) and a reduced environmental footprint.

In 2023, Carrier Corporation introduced its innovative line of offshore AHUs, encapsulating efficiency, sustainability, and integration with cutting-edge smart technologies. These introductions are anticipated to substantially propel the offshore AHU market’s growth trajectory in the subsequent years. A prime exemplar of Carrier’s advancements is their AquaSnap 30AWH-P heat pump, meticulously engineered to deliver optimum heating and cooling solutions for offshore environments. This model is furnished with a suite of features designed to boost operational efficiency, inclusive of a variable-speed compressor, a dual-stage evaporator, and a microchannel condenser.

Segmentation Analysis

The global market for offshore air handling units (AHUs) is classified based on their applications into several categories, which include:

Oil and Gas Rigs
Cruise Liners and Yachts
Defense
FPSO Vessels
Cargo Ships
Additional sectors, such as semi-submersibles and RO-RO Ferries

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Offshore AHUs find usage across a broad spectrum of marine and offshore applications, encompassing cruise liners, naval vessels, oil and gas facilities, and FPSO vessels, to name a few. Notably, cruise liners and naval ships represent the principal consumers of AHUs on a global scale. With the cruise liners and yachts sectors witnessing rapid growth within the transportation industry, they are projected to be highly profitable segments in the foreseeable future.

However, the oil and gas sector’s demand for AHUs is anticipated to be subdued, given the sector’s slowdown in various global regions. This deceleration might impact the demand for new installations in the coming years. Conversely, the cargo ship segment is poised for robust growth over the forecasted duration, potentially presenting a lucrative opportunity for the offshore HVAC sector, especially with improving supply-demand dynamics.

Geographically, the global offshore AHUs market is categorized into the following regions and countries:

North America:
- U.S.,
- Canada
Europe:
- Germany,
- France,
- Italy,
- U.K.,
- Russia
- Rest of Europe
Asia-Pacific:
- India,
- China,
- Japan,
- Rest of Asia-Pacific
Latin America:
- Brazil,
- Mexico,
- Other Latin Region
Middle East and Africa:
- GCC countries,
- South Africa,
- other

As of 2019, the Asia Pacific region holds a dominant position in the global offshore AHUs market, propelled chiefly by countries like China, Japan, India, South Korea, and Southeast Asia. Given the region’s flourishing waterway trade and cruise liner industry, it is projected that the demand for offshore AHUs will maintain its strength throughout the forecast period. Thus, markets in China and India are anticipated to be notably promising in this context.

Following closely behind Asia Pacific in terms of revenue is Europe. The region boasts sizable oil and gas, cruise liner, and cargo shipping sectors. Furthermore, a significant portion of the major offshore AHU manufacturers are headquartered in Europe, predominantly in Western Europe. However, potential challenges in the oil and gas sector may temper the region’s growth trajectory in subsequent years.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
1.3.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Offshore Air Handling Units Market
2.2 Global Offshore Air Handling Units Market, By Product Type
2.3 Global Offshore Air Handling Units Market, By Fan Type
2.4 Global Offshore Air Handling Units Market, By Capacity
2.5 Global Offshore Air Handling Units Market, By Application
2.6 Global Offshore Air Handling Units Market, By Geography

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Offshore Air Handling Units Market Revenue and Growth, 2020-2030, (US$ Mn) (Y-o-Y %)
3.2 Key Trends and Future Outlook
3.2.1 Product enhancement
3.2.2 Customized products:
3.2.3 Energy saving is the need of the hour:
3.3 Market Drivers
3.3.1 Rising cruise liner industry worldwide
3.3.2 Anticipated growth in oil & gas rigs construction
3.4 Market Growth Inhibitors
3.4.1 Uncertain market conditions and regulations
3.5 Opportunities
3.6 See-Saw Analysis
3.6.1 Impact Analysis of Drivers and Restraints
3.7 Competitive Landscape
3.7.1 Market Positioning of Key Offshore air handling units Manufacturers

Chapter 4 Offshore Air Handling Units Market Analysis, by Application
4.1 Overview
4.2 Packaged Air Handling Units
4.2.1 Global Packaged Offshore Air Handling Units Market Revenue, 2020-2030, (US$ Mn)
4.3 Modular Air Handling Units
4.3.1 Global Modular Offshore Air Handling Units Market Revenue, 2020-2030, (US$ Mn)
4.4 Custom Air Handling Units
4.4.1 Global Custom Offshore Air Handling Units Market Revenue, 2020-2030, (US$ Mn)

Chapter 5 Offshore Air Handling Units Market Analysis, by Fan Type
5.1 Overview
5.2 Single Inlet Single Width (SISW)
5.2.1 Global SISW Fan Offshore Air Handling Units Market Revenue, 2020-2030, (US$ Mn)
5.3 Double Inlet Double Width (DIDW)
5.3.1 Global DIDW Fan Offshore Air Handling Units Market Revenue, 2020-2030, (US$ Mn)

Chapter 6 Offshore Air Handling Units Market Analysis, by Capacity
6.1 Overview
6.2 Capacity Less than 5000m3/hr
6.2.1 Global Offshore Air Handling Units with Capacity less than 5000m3/hr Market Revenue, 2020-2030, (US$ Mn)
6.3 Medium Capacity (5000m3/hr to 15000m3/hr)
6.3.1 Global Medium Capacity (5000m3/hr to 15000m3/hr Offshore Air Handling Units Market Revenue, 2020-2030, (US$ Mn)
6.4 High Capacity (more than 15000m3/hr)
6.4.1 Global High Capacity (more than 15000m3/hr Offshore Air Handling Units Market Revenue, 2020-2030, (US$ Mn)

Chapter 7 Offshore Air Handling Units Market Analysis, by Application
7.1 Overview
7.2 Oil and Gas Rigs
7.2.1 Global Offshore Air Handling Units used in Oil and Gas RigsMarket Revenue, 2020-2030, (US$ Mn)
7.3 Cruise Liners and Yacht
7.3.1 Global Offshore Air Handling Units used in Cruise Liners and Yacht Market Revenue, 2020-2030, (US$ Mn)
7.4 Defense
7.4.1 Global Offshore Air Handling Units used in DefenseMarket Revenue, 2020-2030, (US$ Mn)
7.5 Floating Production Storage and Offloading (FPSO)
7.5.1 Global Offshore Air Handling Units used in FPSOMarket Revenue, 2020-2030, (US$ Mn)
7.6 Cargo Ships
7.6.1 Global Offshore Air Handling Units used in Cargo Ships Market Revenue, 2020-2030, (US$ Mn)
7.7 Others
7.7.1 Global Offshore Air Handling Units used in Cargo Ships Market Revenue, 2020-2030, (US$ Mn)

Chapter 8 North America Offshore Air Handling Units Market Analysis
8.1 Overview
8.1.1 North America Offshore Air Handling Units Market Revenue and Growth, 2020-2030, (US$ Bn)
8.2 North America Offshore Air Handling Units Market Analysis, By Product Type, 2020-2030 (US$ Mn)
8.2.1 Comparative Analysis
8.3 North America Offshore Air Handling Units Market Analysis, By Fan Type, 2020-2030 (US$ Mn)
8.3.1 Comparative Analysis
8.4 North America Offshore Air Handling Units Market Analysis, By Capacity, 2020-2030 (US$ Mn)
8.4.1 Comparative Analysis
8.5 North America Offshore Air Handling Units Market Analysis, By Application, 2020-2030 (US$ Mn)
8.5.1 Comparative Analysis
8.6 North America Offshore Air Handling Units Market Analysis, By Region, 2020-2030 (US$ Mn)
8.6.1 Comparative Analysis

Chapter 9 Europe Offshore Air Handling Units Market Analysis
9.1 Overview
9.1.1 Europe Offshore Air Handling Units Market Revenue and Growth, 2020-2029, (US$ Mn) (Y-o-Y %)
9.2 Europe Offshore Air Handling Units Market Analysis, By Product Type, 2020-2030 (US$ Mn)
9.2.1 Comparative Analysis
9.3 Europe Offshore Air Handling Units Market Analysis, By Fan Type, 2020-2030 (US$ Mn)
9.3.1 Comparative Analysis
9.4 Europe Offshore Air Handling Units Market Analysis, By Capacity, 2020-2030 (US$ Mn)
9.4.1 Comparative Analysis
9.5 Europe Offshore Air Handling Units Market Analysis, By Application, 2020-2030 (US$ Mn)
9.5.1 Comparative Analysis
9.6 Europe Offshore Air Handling Units Market Analysis, By Region, 2020-2030 (US$ Mn)
9.6.1 Comparative Analysis

Chapter 10 Asia Pacific Offshore Air Handling Units Market Analysis
10.1 Overview
10.1.1 Asia Pacific Offshore Air Handling Units Market Revenue and Growth, 2020-2030, (US$ Mn)
10.2 Asia Pacific Offshore Air Handling Units Market Analysis, By Product Type, 2020-2030 (US$ Mn)
10.2.1 Comparative Analysis
10.3 Asia Pacific Offshore Air Handling Units Market Analysis, By Fan Type, 2020-2030 (US$ Mn)
10.3.1 Comparative Analysis
10.4 Asia Pacific Offshore Air Handling Units Market Analysis, By Capacity, 2020-2030 (US$ Mn)
10.4.1 Comparative Analysis
10.5 Asia Pacific Offshore Air Handling Units Market Analysis, By Application, 2020-2030 (US$ Mn)
10.5.1 Comparative Analysis
10.6 Asia Pacific Offshore Air Handling Units Market Analysis, By Region, 2020-2030 (US$ Mn)
10.6.1 Comparative Analysis

Chapter 11 Middle East & Africa (MEA)Offshore Air Handling Units Market Analysis
11.1 Overview
11.1.1 MEA Offshore Air Handling Units Market Revenue and Growth, 2020-2030, (US$ Mn)
11.2 MEA Offshore Air Handling Units Market Analysis, By Product Type, 2020-2030 (US$ Mn)
11.2.1 Comparative Analysis
11.3 MEA Offshore Air Handling Units Market Analysis, By Fan Type, 2020-2030 (US$ Mn)
11.3.1 Comparative Analysis
11.4 MEA Offshore Air Handling Units Market Analysis, By Capacity, 2020-2030 (US$ Mn)
11.4.1 Comparative Analysis
11.5 MEA Offshore Air Handling Units Market Analysis, By Application, 2020-2030 (US$ Mn)
11.5.1 Comparative Analysis
11.6 MEA Offshore Air Handling Units Market Analysis, By Region, 2020-2030 (US$ Mn)
11.6.1 Comparative Analysis

Chapter 12 Latin America Offshore Air Handling Units Market Analysis
12.1 Overview
12.1.1 Latin America Offshore Air Handling Units Market Revenue and Growth, 2020-2030, (US$ Mn)
12.2 Latin America Offshore Air Handling Units Market Analysis, By Product Type, 2020-2030 (US$ Mn)
12.2.1 Comparative Analysis
12.3 Latin America Offshore Air Handling Units Market Analysis, By Fan Type, 2020-2030 (US$ Mn)
12.3.1 Comparative Analysis
12.4 Latin America Offshore Air Handling Units Market Analysis, By Capacity, 2020-2030 (US$ Mn)
12.4.1 Comparative Analysis
12.5 Latin America Offshore Air Handling Units Market Analysis, By Application, 2020-2030 (US$ Mn)
12.5.1 Comparative Analysis
12.6 Latin America Offshore Air Handling Units Market Analysis, By Region, 2020-2030 (US$ Mn)
12.6.1 Comparative Analysis

Chapter 13 Company Profiles
13.1 Carrier Corporation.
13.1.1 Carrier Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
13.2 Systemair AB.
13.2.1 Systemair AB: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.3 Flakt Woods Group
13.3.1 Flakt Woods Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
13.4 Novenco A/S.
13.4.1 Novenco A/S : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
13.5 DencoHappel GmbH
13.5.1 DencoHappel GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
13.6 AF Gruppen
13.6.1 AF Gruppen: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
13.7 Dutch-Blower BV
13.7.1 Dutch-Blower BV: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
13.8 Wozair Ltd.
13.8.1 Wozair Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
13.9 Heinen & Hopman
13.9.1 Heinen & Hopman: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments

List of Figures

TABLE 1 Market Snapshot: Global Offshore Air Handling Units Market
TABLE 2 List of Upcoming Oil & Gas Projects
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America Offshore Air Handling Units Market Revenue, By Product Type, 2020-2030 (US$ Mn)
TABLE 6 North America Offshore Air Handling Units Market Revenue, By Fan Type, 2020-2030 (US$ Mn)
TABLE 7 North America Offshore Air Handling Units Market Revenue, By Capacity, 2020-2030 (US$ Mn)
TABLE 8 North America Offshore Air Handling Units Market Revenue, By Application, 2020-2030 (US$ Mn)
TABLE 9 North America Offshore Air Handling Units Market Revenue, By Region, 2020-2030 (US$ Mn)
TABLE 10 Europe Offshore Air Handling Units Market Revenue, By Product Type, 2020-2030 (US$ Mn)
TABLE 11 Europe Offshore Air Handling Units Market Revenue, By Fan Type, 2020-2030 (US$ Mn)
TABLE 12 Europe Offshore Air Handling Units Market Revenue, By Capacity, 2020-2030 (US$ Mn)
TABLE 13 Europe Offshore Air Handling Units Market Revenue, By Application, 2020-2030 (US$ Mn)
TABLE 14 Europe Offshore Air Handling Units Market Revenue, By Region, 2020-2030 (US$ Mn)
TABLE 15 Asia Pacific Offshore Air Handling Units Market Revenue, By Product Type, 2020-2030 (US$ Mn)
TABLE 16 Asia Pacific Offshore Air Handling Units Market Revenue, By Fan Type, 2020-2030 (US$ Mn)
TABLE 17 Asia Pacific Offshore Air Handling Units Market Revenue, By Capacity, 2020-2030 (US$ Mn)
TABLE 18 Asia Pacific Offshore Air Handling Units Market Revenue, By Application, 2020-2030 (US$ Mn)
TABLE 19 Asia Pacific Offshore Air Handling Units Market Revenue, By Region, 2020-2030 (US$ Mn)
TABLE 20 MEA Offshore Air Handling Units Market Revenue, By Product Type, 2020-2030 (US$ Mn)
TABLE 21 MEA Offshore Air Handling Units Market Revenue, By Fan Type, 2020-2030 (US$ Mn)
TABLE 22 MEA Offshore Air Handling Units Market Revenue, By Capacity, 2020-2030 (US$ Mn)
TABLE 23 MEA Offshore Air Handling Units Market Revenue, By Application, 2020-2030 (US$ Mn)
TABLE 24 MEA Offshore Air Handling Units Market Revenue, By Region, 2020-2030 (US$ Mn)
TABLE 25 Latin America Offshore Air Handling Units Market Revenue, By Product Type, 2020-2030 (US$ Mn)
TABLE 26 Latin America Offshore Air Handling Units Market Revenue, By Fan Type, 2020-2030 (US$ Mn)
TABLE 27 Latin America Offshore Air Handling Units Market Revenue, By Capacity, 2020-2030 (US$ Mn)
TABLE 28 Latin America Offshore Air Handling Units Market Revenue, By Application, 2020-2030 (US$ Mn)
TABLE 29 Latin America Offshore Air Handling Units Market Revenue, By Region, 2020-2030 (US$ Mn)
TABLE 30 Carrier Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 31 Systemair AB: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 32 Flakt Woods Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 33 Novenco A/S: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 34 DencoHappel GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 35 AF Gruppen: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 36 Dutch-Blower BV: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 37 Wozair Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 38 Heinen & Hopman: Company Snapshot (Company Details, Geographical

Frequently Asked Questions:

What is the size of Offshore Air Handling Units Market?

The market for Offshore Air Handling Units Market is expected to reach US$ XX Bn in 2023.

What is the Offshore Air Handling Units Market CAGR?

The Offshore Air Handling Units Market is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for Offshore Air Handling Units Market?

The report is forecasted from 2016-2023.

What is the base year considered for Offshore Air Handling Units Market?

The base year of this report is 2021.

Who are the major players in this market?

Carrier Corporation., Systemair AB., Flakt Woods Group, Novenco A/S., DencoHappel GmbH are some of the major players in the global market.

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