Technavios research analyst predicts the global air handling units market to grow steadily at a CAGR of close to 7% during the forecast period. The market is expected to grow primarily due to high growth of the >15,000 m3/h units segment. Commercial and residential constructions such as office space, malls, and apartments in developing countries such as China and India largely drive this market. Many large premises and tall buildings that require high capacity air handling units in developed countries such as the US and Russia are also expected to boost the market during the forecast period.
The need to increase energy recovery and decreased operating cost of air handling units is predicted to play a significant role in propelling the global air handling units market. To leverage this opportunity, many market vendors air handling units over the next four years.
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Segmentation of global automotive blind spot detection by end-market
Aftermarket
OEM
In terms of revenue, OEMs accounted for close to 92% of the global revenue generated from the sale of BSD system in 2014. Owing to the increasing safety concerns among the consumers, the demand for BSD systems is expected to increase further in the coming years.
Geographical segmentation of the global automotive blind spot detection market
APAC
Americas
EMEA
Global automotive BSD market is geographically well diversified across the Americas, EMEA, and APAC. The Americas accounted for a more than 45% share of the market in 2014.
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