Condensing unit market Size – USD 23.81 Billion in 2020, Market Growth – CAGR of 7.70%, Market Trends – Increasing demand from commercial and industrial sectors
The global condensing unit market is expected to reach USD 43.75 Billion by 2028, according to a new report by Reports and Data. Condensing units are temperature-control devices that causes the exchange of energy in the form of heat by compressing a refrigerant, then pumping it through a system of coils and using the air surrounding the coils to heat and cool spaces.
Growing demand for condensing units in developing nations is one of the significant factors influencing market growth. Increasing demand for cooling is driven by population and economic growth in the hotter parts of the globe. Also, a rise in the level of disposable income of people, especially in the Asia Pacific region is driving the product demand. As per International Energy Agency, the major share of the estimated growth in energy use for space cooling by 2050 comes from the developing nations, with just three countries, namely, China, India, and Indonesia, contributing half of cooling energy demand growth across the globe.
Increasing demand for condensing units from commercial and industrial sectors is expected to boost market demand in the upcoming years. The cold storage and warehousing industries are some of the industries that have displayed high growth prospects for the market. With the increase in the level of global temperature, there has been an increased demand for refrigeration in commercial as well as residential driving the demand for the product in the upcoming years. Further, owing to its stability, shelf life, and flexibility, these kinds of condensing units are anticipated to observe increasing market share in the coming years.
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the global condensing unit market on the basis of product type, component, function, application, and region:
Product Type Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2018-2028)
Component Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2018-2028)
Function Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2018-2028)
Application Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2018-2028)
Regional Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2018-2028)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/condensing-unit-market
Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2020 – 2028 Chapter 3. Indicative Metrics Chapter 4. Condensing Unit Segmentation & Impact Analysis 4.1. Condensing Unit Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Growing demand for condensing units in developing nations 4.2.2.2. Increasing demand from commercial and industrial sectors 4.2.2.3. Escalating demand from the cold storage and warehousing industry 4.2.3. Market restraints analysis 4.2.3.1. Stringent regulatory norms on usage of refrigerants 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis Chapter 5. Condensing Unit Market By Product Type Insights & Trends 5.1. Product Type dynamics & Market Share, 2021 & 2028 5.2. Air-Cooled Condensing Unit 5.2.1. Market estimates and forecast, 2018 – 2028 (USD Billion) (Thousand Units) 5.2.2. Market estimates and forecast, by region, 2018 – 2028 (USD Billion) (Thousand Units) 5.3. Water-Cooled Condensing Unit 5.3.1. Market estimates and forecast, 2018 – 2028 (USD Billion) (Thousand Units) 5.3.2. Market estimates and forecast, by region, 2018 – 2028 (USD Billion) (Thousand Units) 5.4. Evaporative Condensing Unit 5.4.1. Market estimates and forecast, 2018 – 2028 (USD Billion) (Thousand Units) 5.4.2. Market estimates and forecast, by region, 2018 – 2028 (USD Billion) (Thousand Units) Chapter 6. Condensing Unit Market By Component Insights & Trends 6.1. Component Dynamics & Market Share, 2021 & 2028 6.2. Compressor 6.2.1. Market estimates and forecast, 2018 – 2028 (USD Billion) (Thousand Units) 6.2.2. Market estimates and forecast, by region, 2018 – 2028 (USD Billion) (Thousand Units) 6.3. Fan 6.3.1. Market estimates and forecast, 2018 – 2028 (USD Billion) (Thousand Units) 6.3.2. Market estimates and forecast, by region, 2018 – 2028 (USD Billion) (Thousand Units) 6.4. Condensing Coil 6.4.1. Market estimates and forecast, 2018 – 2028 (USD Billion) (Thousand Units) 6.4.2. Market estimates and forecast, by region, 2018 – 2028 (USD Billion) (Thousand Units) Chapter 7. Condensing Unit Market By Function Insights & Trends 7.1. Function Dynamics & Market Share, 2021 & 2028 7.2. Air-conditioning 7.2.1. Market estimates and forecast, 2018 – 2028 (USD Billion) (Thousand Units) 7.2.2. Market estimates and forecast, by region, 2018 – 2028 (USD Billion) (Thousand Units) 7.3. Refrigeration 7.3.1. Market estimates and forecast, 2018 – 2028 (USD Billion) (Thousand Units) 7.3.2. Market estimates and forecast, by region, 2018 – 2028 (USD Billion) (Thousand Units) 7.4. Heat Pump 7.4.1. Market estimates and forecast, 2018 – 2028 (USD Billion) (Thousand Units) 7.4.2. Market estimates and forecast, by region, 2018 – 2028 (USD Billion) (Thousand Units) Chapter 8. Condensing Unit Market By Application Insights & Trends 8.1. Application Dynamics & Market Share, 2021 & 2028 8.2. Residential 8.2.1. Market estimates and forecast, 2018 – 2028 (USD Billion) (Thousand Units) 8.2.2. Market estimates and forecast, by region, 2018 – 2028 (USD Billion) (Thousand Units) 8.3. Commercial 8.3.1. Market estimates and forecast, 2018 – 2028 (USD Billion) (Thousand Units) 8.3.2. Market estimates and forecast, by region, 2018 – 2028 (USD Billion) (Thousand Units) 8.4. Industrial 8.4.1. Market estimates and forecast, 2018 – 2028 (USD Billion) (Thousand Units) 8.4.2. Market estimates and forecast, by region, 2018 – 2028 (USD Billion) (Thousand Units) 8.5. Others 8.5.1. Market estimates and forecast, 2018 – 2028 (USD Billion) (Thousand Units) 8.5.2. Market estimates and forecast, by region, 2018 – 2028 (USD Billion) (Thousand Units) Chapter 9. Condensing Unit Market Regional Outlook 9.1. Condensing Unit Market share by region, 2021 & 2028 9.2. North America 9.2.1. North America Condensing Unit Market estimates and forecast, 2018 – 2028, (USD Billion) (Thousand Units) 9.2.2. North America Condensing Unit Market estimates and forecast By Product Type, 2018 – 2028, (USD Billion) (Thousand Units) 9.2.3. North America Condensing Unit Market estimates and forecast by Component, 2018 – 2028, (USD Billion) (Thousand Units) 9.2.4. North America Condensing Unit Market estimates and forecast by Function, 2018 – 2028, (USD Billion) (Thousand Units) 9.2.5. North America Condensing Unit Market estimates and forecast by Application, 2018 – 2028, (USD Billion) (Thousand Units) 9.2.6. U.S. 9.2.6.1. U.S. Condensing Unit Market estimates and forecast, 2018 – 2028, (USD Billion) (Thousand Units) 9.2.6.2. U.S. Condensing Unit Market estimates and forecast By Product Type, 2018 – 2028, (USD Billion) (Thousand Units) 9.2.6.3. U.S. Condensing Unit Market estimates and forecast by Component, 2018 – 2028, (USD Billion) (Thousand Units) 9.2.6.4. U.S. Condensing Unit Market estimates and forecast by Function, 2018 – 2028, (USD Billion) (Thousand Units) 9.2.6.5. U.S. Condensing Unit Market estimates and forecast by Application, 2018 – 2028, (USD Billion) (Thousand Units) 9.3. Europe 9.3.1. Europe Condensing Unit Market estimates and forecast, 2018 – 2028, (USD Billion) (Thousand Units) 9.3.2. Europe Condensing Unit Market estimates and forecast By Product Type, 2018 – 2028, (USD Billion) (Thousand Units) 9.3.3. Europe Condensing Unit Market estimates and forecast by Component, 2018 – 2028, (USD Billion) (Thousand Units) 9.3.4. Europe Condensing Unit Market estimates and forecast by Function, 2018 – 2028, (USD Billion) (Thousand Units) 9.3.5. Europe Condensing Unit Market estimates and forecast by Application, 2018 – 2028, (USD Billion) (Thousand Units)
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Chapter 10. Competitive Landscape 10.1. Market Revenue Share by Manufacturers 10.2. Manufacturing Cost Breakdown Analysis 10.3. Mergers & Acquisitions 10.4. Market positioning 10.5. Strategy Benchmarking 10.6. Vendor Landscape Chapter 11. Company Profiles 11.1. Danfoss 11.1.1. Company Overview 11.1.2. Financial Performance 11.1.3. Technology Insights 11.1.4. Strategic Initiatives 11.2. Voltas 11.2.1. Company Overview 11.2.2. Financial Performance 11.2.3. Technology Insights 11.2.4. Strategic Initiatives 11.3. GEA Group 11.3.1. Company Overview 11.3.2. Financial Performance 11.3.3. Technology Insights 11.3.4. Strategic Initiatives
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