Condensing Unit Market Size and Growth Report 2024
Condensing Unit Market is expected to reach USD 32.53 Billion over the next five years, witnessing growth at a CAGR of over 8%, in value terms due to the growing applications of condensing units in air-conditioners coupled with the rising demand for natural coolants & refrigerants like water, carbon dioxide etc which do not harm the ozone layer. Moreover, factors like increased shelf-life due to the use of condensing units in refrigerators and air conditioners along with the increase in disposable incomes of consumers globally, will propel the growth of the market in the next five years. Based on the type, the air-cooled condensing unit segment is expected to hold the largest market share in the forecast period due to its commercial applications, lower maintenance and setting up costs. Based on the application, the industrial segment is estimated to hold the largest market share in the forecast period due to the increasing need of advanced refrigeration in retail stores, hospitals, dairy, and cooling systems. Asia-Pacific region is expected to grow at the highest CAGR by 2023 due to enormous industrial expansion in constituent nations like India and China.
Years considered for this report:
Historical Years: 2013-2016
Base Year: 2017
Estimated Year: 2018
Forecast Period: 2018–2023
Objective of the Study:
- To analyse and forecast the market size of Global Condensing Unit Market, in terms of value and volume.
- To classify and forecast Global Condensing Unit based on type, application, function and regional distribution.
- To identify drivers and challenges for Global Condensing Unit Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Condensing Unit Market.
- To conduct the pricing analysis for Global Condensing Unit Market.
- To identify and analyse the profile of leading manufacturers in the Global Condensing Unit Market.
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Some of the leading players in the Global Condensing Unit Market are Carrier Corporation, Voltas, Emerson Electric Company, GEA Group, Bitzer, Heatcraft Worldwide Refrigeration, Baltimore Aircoil Company, Danfoss, SCM Frigo, Advansor etc
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Condensing Unit manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the Condensing Unit manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the retailers, distribution channels and presence of all major Condensing Unit manufacturers across the globe.
TechSci Research calculated the market size of Global Condensing Unit Market using a bottom-up approach, where data for various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Condensing Unit Manufacturers
- Dealers and Suppliers
- Regulatory organizations.
- Raw material suppliers and distributors.
- Research organizations and consulting companies.
- Trade Associations
- Market research and consulting firms.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Global Condensing Unit Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, By Type:
- Air-Cooled Condensing Unit
- Water-Cooled Condensing Unit
- Evaporative Condensing Unit
- Market, By Application:
- Commercial
- Industrial
- Transportation
- Market, By Function:
- Air Conditioning
- Refrigeration
- Heat Pumps
- Market, by Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Asia Pacific
- Brazil
- Argentina
- Colombia
-
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Condensing Unit Market segment.
Available Customizations:
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com
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