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, 2016 - 2023

Due to harsh environmental conditions observed in offshore applications, it becomes essential to use air handling units manufactured using corrosion-resistant and lightweight materials. Air handling units also referred to as air handlers, act as the lungs of the overall HVAC system and hence become a crucial component of the comprehensive system. In offshore applications, the primary concern is to protect the air handling units from the salty air, rain, and stormy weather aboard the offshore facilities. An offshore air handling unit is typically designed in a large metal frame (typically made of aluminum) comprising various components such as fans, filters, heating/cooling elements, silencers, and dampers. The outer box comprises stainless, galvanized steel, or aluminum alloys to ensure better environmental protection.

Air handling units are commonly used across various applications, including oil rigs, cargo ships, cruise liners, navy ships, and other marine applications. With the rising offshore industry worldwide, the sector's demand for air handling units is estimated to remain strong in the coming years. This is the prime factor bolstering the offshore air handling unit market growth. Due to rising efforts by the manufacturers towards providing energy-efficient, lightweight and durable units, the market has emerged quite competitive in the past few years. The market players are currently focused on targeting the cruise liners and yachts segment due to strong anticipated growth in the sector.

The report titled "GlobalOffshore Air Handling Units Market- Growth, Share, Opportunities and Competitive Analysis, 2016 – 2023" offers strategic insights into the global air handling units market with a focus on the offshore applications and the market size and estimates for the duration 2014 to 2023. The said research study covers an in-depth analysis of multiple market segments based on product types, capacity, applications, and cross-sectional studies across different geographies. In addition, the study covers the comparative analysis of various segments for the year 2015&2023. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

To help strategic decision-makers, the report also includes competitive profiling of the leading AHU manufacturers, their SCOT (Strengths, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. The major players profiled in the report are GEA Heat Exchangers Group, Wozair Ltd., Mitsubishi Electric, Johnson Controls, Inc., Systemair Ltd., Heinen and Hopman, Flakt Woods Group, Novenco, and others. In addition, other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the offshore air handling units and HVAC industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2014 – 2015)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides the following:

  • A holistic view of the global offshore air handling units market.
  • Offering market size and estimates for the period from 2016 to 2023.
  • Keeping in mind the factors mentioned above.

The global offshore air handling units market is segmented, based on its applications, into the following categories

  • Oil & Gas Rigs
  • Cruise Liners & Yachts
  • Defense
  • FPSO Vessels
  • Cargo Ships
  • Others (Semi-submersibles, RO-RO Ferries, etc.)

The offshore air handling units are used across various offshore and marine applications such as cruise liners, naval ships, oil & gas facilities, carrier vessels, FPSO vessels, and other offshore facilities. Amongst these, cruise liners and naval ships are among the largest consumers of air handling units worldwide. In addition, cruise liners & yachts are among the fastest-growing industries in the transport sector, making the segment most lucrative in the coming years.

The overall demand for air handling units is estimated to remain low in the oil & gas sector. In addition, the sector is facing a slowdown in different regions across the globe. This may hamper the demand for new installations in the coming years. Further, the cargo ships sector is estimated to witness strong growth during the forecast period. With cargo ships' supply/demand gap improving, the sector may emerge as lucrative for the offshore HVAC industry.

The global offshore air handling units market has been segmented, on the basis of geographical regions, as per the following regions and countries:

  • North America
  • The U.S.
  • Rest of North America
  • Europe
  • EU7 (U.K., France, Germany, Italy, Spain, Belgium & the Netherlands)
  • CIS
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Australasia
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • GCC countries
  • North Africa
  • South Africa
  • Rest of MEA
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America

As of 2015, the offshore air handling units market worldwide is dominated by the Asia Pacific region. The market here is mainly supported by China, Japan, India, South Korea, and Southeast Asia. With the region's booming waterways trade and cruise liners industry, the demand for offshore air handling units is estimated to remain strong in the market throughout the forecast period. Hence, China and India are expected to emerge as the most promising markets during the forecast period.

Europe closely follows the Asia Pacific region, in terms of revenue, of the global offshore air handling units market. The region has among the largest oil & gas, cruise liners, and cargo shipping industries. In addition, Europe (majorly Western Europe) enjoys the presence of many major offshore air handling unit manufacturers. Nevertheless, losing the momentum of the oil & gas sector in the region might slow down the overall growth in the coming years.

Frequently asked questions :

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

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

The report is forecasted from 2016-2023.

The base year of this report is 2021.

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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Published Date:  Jun 2016
Category:  Building & Construction
Report ID:   57945
Report Format:   PDF
Pages:   120
Rating:    4.2 (50)
Delivery Time: 24 Hours to 48 Hours   
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