2 MARKET TRENDS

Applied systems comprise a heat-source chiller and air-side equipment such as AHUs and FCUs, along with pumps used to convey chilled and cooling water, water pipes, cooling towers to dissipate heat outdoors, and other equipment. The total cost of a chiller system varies greatly and depends on the individual systems and applications. In terms of value, total world demand for air-side AHUs and FCUs combined is roughly the same as the demand for chillers. However, there are some regional characteristics such as the proportion of air-side systems in applied equipment, which is much higher in Europe than that in Southeast Asia.