Condensing Unit Market by Type (Air-cooled, Water-cooled, Evaporative), Application (Industrial, Commercial, Transportation), Function (Air Conditioning, Refrigeration, Heat Pumps), Refrigerant Type, and Region - Global Forecast to 2025
Get in-depth analysis of the COVID-19 impact on the Condensing Unit Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Condensing Unit Market
Request For Special Pricing[182 Pages Report] The condensing unit market is projected to grow from USD 23.7 billion in 2020 to USD 35.7 billion by 2025, at a CAGR of 8.5% from 2020 to 2025. The Asia Pacific is the largest consumer of condensing units, with China leading the regional market. Various end-use industries, such as retail stores, food production, and food services, etc., are expected to register healthy growth in the coming years in the Asia Pacific countries, which is expected to lead to the growth of the global condensing unit market.
Based on type, the air-cooled segment is estimated to lead the condensing unit market in terms of volume from 2020 to 2025.
Based on type, the air-cooled segment accounted for the largest share of the condensing unit market in 2019. Also, the air-cooled condensing unit segment is estimated to grow at the highest CAGR during the forecast period. Air-cooled condensing units are easy to install and require low maintenance, whereas water-cooled condensing groups have a longer life and higher energy efficiency as compared to air-cooled condensing units.
Based on the application, the industrial segment accounted for the largest share of the condensing unit market in 2019
The industrial segment of the application of the condensing unit accounted for the largest share of the condensing unit market in 2019. The growing demand for advanced refrigeration from various application areas, such as power plants, retail stores, dairy cabinets, hospitals, cryogenic containers, and cooling systems, is expected to help the industrial application segment to grow at the highest rate.
Based on function, the Air Conditioning segment is expected to dominate the condensing unit market
Based on function, the air conditioning segment is expected to dominate the condensing unit market during the forecast period as air conditioning condensing units are extensively used in chemical plants, power plants, ice manufacturing units, cold storages & warehouses, and hotel & restaurants.
The Middle East & Africa condensing unit market is projected to grow at the highest CAGR during the forecast period in terms of value
The Middle East & Africa condensing unit market is expected to grow at the highest CAGR during the forecast period. The Middle East & African countries have substantial growth prospects for the condensing unit market because of the growing applications of refrigeration in various end-use industries such as chemicals & petrochemicals and plastics.
Key Market Players
Emerson Electric Co. (US), Carrier Global Corporation (US), Danfoss (Denmark), GEA Group Aktiengesellschaft (Germany), Heatcraft Refrigeration Products LLC (US), Voltas Limited (India), BITZER SE (Germany), ADVANSOR A/S (Denmark), Baltimore Aircoil Company (US), Officine Mario Dorin S.p.A. (Italy), and SCM Frigo S.p.A. (Italy). These players have adopted the strategies of adopted new product launches, expansions, partnerships, acquisitions, contracts, joint ventures, and divestments to enhance their position in the market.
Scope of the Report:
|
Report Metric |
Details |
|
Market Size Available for Years |
20182025 |
|
Base Year Considered |
2019 |
|
Forecast Period |
20202025 |
|
Forecast Units |
Value (USD) and Volume (Thousand Units) |
|
Segments Covered |
Type, Application, Function, Refrigerant Type, and Region |
|
Geographies Covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
|
Companies Covered |
Emerson Electric Co. (US), Carrier Global Corporation (US), Danfoss (Denmark), GEA Group Aktiengesellschaft (Germany), Heatcraft Refrigeration Products LLC (US), Voltas Limited (India), BITZER SE (Germany), ADVANSOR A/S (Denmark), and Baltimore Aircoil Company (US). |
This research report categorizes the condensing unit market based on type, application, function, refrigerant type, and region.
Based on Type, the condensing unit market has been segmented as follows:
- Air-cooled
- Water-Cooled
- Evaporative
Based on Application, the condensing unit market has been segmented as follows:
- Industrial
- Commercial
- Transportation
Based on Function, the condensing unit market has been segmented as follows:
- Air Conditioning
- Refrigeration
- Heat Pumps
Based on Refrigerant Type, the condensing unit market has been segmented as follows:
- Fluorocarbons
- HCFCs
- HFCs
- HFOs
- Hydrocarbons
- Isobutane
- Propane
- Others (Butane, Propene, and Isopentane)
- Inorganics
- Ammonia
- Carbon Dioxide
- Others (Water and Air)
Based on Region, the condensing unit market has been segmented as follows:
- Asia Pacific
- North America
- Europe
- Middle East & Africa
- South America
Recent Developments
- In September 2019, BITZER SE expanded the production capacity of its Rottenburg-Hailfingen plant, located in Germany. The plant began the production of CRF, CXP, CXP, and McDEW condensers. It was expected to offer direct-expansion evaporators as of January 2020. The expansion helped the company meet the rising demand for condensing units in Europe.
- In June 2019, Baltimore Aircoil Company (BAC) introduced new and improved CO2 models for its TrilliumSeries Adiabatic Condenser. The new CO2 model resulted in 17% higher capacities with new and improved low-charge coils, and up to 15% reduced water consumption by the TrilliumSeries Adiabatic Condenser. The new product launch will help the company strengthen its TrilliumSeries Adiabatic Condenser product line.
Key Questions Addressed by the Report
- How various companies undertook developments are expected to affect the condensing unit market in the mid- to long-term?
- What is the impact of changes in government policies on the condensing unit market?
- What is the estimated size of the condensing unit market in 2020?
- What is the largest regional market for the condensing unit?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 20)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 SCOPE OF THE STUDY
1.3.1 REGIONAL SCOPE
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 PACKAGE SIZE
1.6 LIMITATIONS
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 24)
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 PRIMARY AND SECONDARY RESEARCH
2.2.2 MARKET SIZE ESTIMATION: BY APPLICATION
2.3 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS
2.4.1 ASSUMPTIONS
2.4.2 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 31)
4 PREMIUM INSIGHTS (Page No. - 35)
4.1 SIGNIFICANT OPPORTUNITIES IN THE CONDENSING UNIT MARKET
4.2 CONDENSING UNIT MARKET, BY REGION
4.3 ASIA PACIFIC CONDENSING UNIT MARKET, BY COUNTRY AND APPLICATION
4.4 CONDENSING UNIT MARKET, BY TYPE
4.5 CONDENSING UNIT MARKET, BY FUNCTION
5 MARKET OVERVIEW (Page No. - 38)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing retail sector in emerging economies
5.2.1.2 High durability and long life of advanced condensing units
5.2.2 RESTRAINTS
5.2.2.1 Stringent environmental regulations on refrigerants used in condensing units
5.2.3 OPPORTUNITIES
5.2.3.1 Technological advancements leading to introduction of efficient condensing units
5.2.3.2 Increasing demand for natural refrigerants
5.3 PORTERS FIVE FORCES ANALYSIS
5.3.1 THREAT FROM NEW ENTRANTS
5.3.2 BARGAINING POWER OF SUPPLIERS
5.3.3 THREAT OF SUBSTITUTES
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 MACRO ECONOMIC INDICATORS
5.4.1 INDUSTRY OUTLOOK
5.4.1.1 Cold Storage Construction
5.4.1.2 Manufacturing
5.5 VALUE CHAIN ANALYSIS
5.5.1 HERMETIC CONDENSING UNIT
5.5.2 SCROLL CONDENSING UNIT
5.5.3 SEMI-HERMETIC CONDENSING UNIT
6 COVID-19 IMPACT ON GLOBAL CONDENSING UNIT MARKET (Page No. - 49)
6.1 GLOBAL SCENARIO
6.2 IMPACT ON ASIA PACIFIC CONDENSING UNIT MARKET
6.3 IMPACT ON GLOBAL CONDENSING UNIT MARKET: RETAIL INDUSTRY
6.3.1 AUSTRALIA
6.3.2 CANADA
6.3.3 GERMANY
6.3.4 US
6.4 CONCLUSION
7 CONDENSING UNIT MARKET, BY COMPRESSOR TYPE (Page No. - 54)
7.1 INTRODUCTION
7.2 RECIPROCATING COMPRESSORS
7.3 SCREW COMPRESSORS
7.4 ROTARY COMPRESSORS
7.5 OTHERS
8 CONDENSING UNIT MARKET, BY TYPE (Page No. - 57)
8.1 INTRODUCTION
8.2 AIR-COOLED CONDENSING UNIT
8.2.1 ASIA PACIFIC PROJECTED TO LEAD AIR-COOLED SEGMENT DURING THE FORECAST PERIOD
8.3 WATER-COOLED CONDENSING UNIT
8.3.1 MIDDLE EAST & AFRICA TO BE THE FASTEST-GROWING MARKET FOR WATER-COOLED CONDENSING UNITS
8.4 EVAPORATIVE CONDENSING UNIT
8.4.1 NORTH AMERICA TO LEAD THE EVAPORATIVE CONDENSING UNIT MARKET DURING THE FORECAST PERIOD
9 CONDENSING UNIT MARKET, BY APPLICATION (Page No. - 63)
9.1 INTRODUCTION
9.2 COMMERCIAL
9.2.1 ASIA PACIFIC IS ESTIMATED TO LEAD THE COMMERCIAL CONDENSING UNIT MARKET IN 2020
9.3 INDUSTRIAL
9.3.1 SOUTH AMERICA IS PROJECTED TO GROW THE FASTEST IN INDUSTRIAL CONDENSING UNITS
9.4 TRANSPORTATION
9.4.1 EUROPE IS PROJECTED TO LEAD THE TRANSPORTATION SEGMENT DURING THE FORECAST PERIOD
10 CONDENSING UNIT MARKET, BY FUNCTION (Page No. - 68)
10.1 INTRODUCTION
10.2 AIR CONDITIONING
10.3 REFRIGERATION
10.4 HEAT PUMPS
11 CONDENSING UNIT MARKET, BY REFRIGERANT TYPE (Page No. - 73)
11.1 INTRODUCTION
11.2 FLUOROCARBONS
11.2.1 HCFCS
11.2.2 HFCS
11.2.3 HFOS
11.3 HYDROCARBONS
11.3.1 ISOBUTANE
11.3.2 PROPANE
11.3.3 OTHERS
11.4 INORGANICS
11.4.1 AMMONIA
11.4.2 CO2
11.4.3 OTHERS
12 CONDENSING UNIT MARKET, BY REGION (Page No. - 81)
12.1 INTRODUCTION
12.2 ASIA PACIFIC
12.2.1 CHINA
12.2.1.1 China to lead the condensing unit market in Asia Pacific during the forecast period
12.2.2 INDIA
12.2.2.1 India is the second-largest market for condensing units in Asia Pacific
12.2.3 JAPAN
12.2.3.1 In Japan, the condensing unit market is driven by industrial applications
12.2.4 SOUTH KOREA
12.2.4.1 Commercial application segment projected to record the fastest growth in South Korea
12.2.5 THAILAND
12.2.5.1 In Thailand, the condensing unit market is driven by industrial applications
12.2.6 MALAYSIA
12.2.6.1 Growing demand for commercial refrigeration anticipated to fuel the market in Malaysia
12.2.7 SINGAPORE
12.2.7.1 Rising demand for advanced refrigeration from marine and oil & gas sectors drive market growth in Singapore
12.2.8 INDONESIA
12.2.8.1 Growing cold storage market in Indonesia propels demand for condensing units
12.2.9 REST OF ASIA PACIFIC
12.3 EUROPE
12.3.1 GERMANY
12.3.1.1 Germany to lead the Europe condensing market during the forecast period
12.3.2 UK
12.3.2.1 UK is the second-largest market for condensing units in Europe
12.3.3 FRANCE
12.3.3.1 Condensing unit market in France is driven by commercial applications
12.3.4 ITALY
12.3.4.1 Air-cooled condensing units lead the market in Italy
12.3.5 SPAIN
12.3.5.1 Increasing number of cold storage facilities fuels growth of the market in Spain
12.3.6 REST OF EUROPE
12.4 NORTH AMERICA
12.4.1 US
12.4.1.1 US to lead the condensing unit market in North America
12.4.2 CANADA
12.4.2.1 Canada is the second-largest condensing unit market in North America
12.4.3 MEXICO
12.4.3.1 Condensing unit market in Mexico is driven by commercial applications
12.5 MIDDLE EAST & AFRICA
12.5.1 SAUDI ARABIA
12.5.1.1 Commercial applications to lead the condensing unit market in Saudi Arabia
12.5.2 TURKEY
12.5.2.1 Turkey is the second-largest market for condensing units in the Middle East & Africa
12.5.3 UAE
12.5.3.1 Condensing unit market in the UAE is driven by growing food & beverage industry
12.5.4 REST OF MIDDLE EAST & AFRICA
12.6 SOUTH AMERICA
12.6.1 BRAZIL
12.6.1.1 Brazil to lead the condensing unit market in South America during the forecast period
12.6.2 ARGENTINA
12.6.2.1 Argentina is the second-largest market for condensing units in South America
12.6.3 CHILE
12.6.3.1 Condensing unit market in Chile is driven by growing food processing industry
12.6.4 REST OF SOUTH AMERICA
13 COMPETITIVE LANDSCAPE (Page No. - 122)
13.1 OVERVIEW
13.2 COMPETITIVE LANDSCAPE MAPPING, 2019
13.2.1 VISIONARY LEADERS
13.2.2 INNOVATORS
13.2.3 DYNAMIC DIFFERENTIATORS
13.2.4 EMERGING COMPANIES
13.3 STRENGTH OF PRODUCT PORTFOLIO
13.4 BUSINESS STRATEGY EXCELLENCE
13.5 MARKET RANKING OF KEY PLAYERS
13.6 COMPETITIVE SCENARIO
13.6.1 NEW PRODUCT LAUNCHES
13.6.2 EXPANSIONS
13.6.3 PARTNERSHIPS
13.6.4 ACQUISITIONS
13.6.5 CONTRACTS
13.6.6 JOINT VENTURES
13.6.7 DIVESTMENTS
14 COMPANY PROFILES (Page No. - 134)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View and Impact of COVID-19)*
14.1 EMERSON ELECTRIC CO.
14.2 CARRIER GLOBAL CORPORATION
14.3 DANFOSS
14.4 GEA GROUP AKTIENGESELLSCHAFT
14.5 HEATCRAFT REFRIGERATION PRODUCTS LLC
14.6 VOLTAS LIMITED
14.7 BITZER SE
14.8 ADVANSOR A/S
14.9 BALTIMORE AIRCOIL COMPANY
14.10 OFFICINE MARIO DORIN S.P.A.
14.11 SCM FRIGO S.P.A.
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View and Impact of COVID-19)*
14.12 OTHER COMPANIES
14.12.1 DAIKIN APPLIED
14.12.2 EVAPCO, INC.
14.12.3 FRASCOLD
14.12.4 FREEZEINDIA MANUFACTURING PRIVATE LIMITED
14.12.5 HOWE CORPORATION
14.12.6 HUSSMANN CORPORATION
14.12.7 BLUE STAR LTD
14.12.8 MTA S.P.A.
14.12.9 NATIONAL COMFORT PRODUCTS
14.12.10 PATTON
14.12.11 SAFE AIR TECHNOLOGY
14.12.12 SHANGHAI GENERAL FUSHI REFRIGERATION EQUIPMENT CO. LTD
14.12.13 SHREE REFRIGERATIONS PVT. LTD.
14.12.14 TECUMSEH PRODUCTS COMPANY LLC
14.12.15 ZANOTTI S.P.A.
14.12.16 SHANGHAI ZHAOXUE REFRIGERATION EQUIPMENT CO., LTD.
14.12.17 ZHEJIANG BEIFENG REFRIGERATION EQUIPMENT CO., LTD.
15 APPENDIX (Page No. - 175)
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
15.3 AVAILABLE CUSTOMIZATIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
LIST OF TABLES (133 TABLES)
TABLE 1 FACTORS INFLUENCING GROWTH OF NATURAL REFRIGERANTS
TABLE 2 COLD STORAGE CONSTRUCTION MARKET, BY REGION, 20142021 (MILLION CUBIC METERS)
TABLE 3 WORLD ECONOMIC OUTLOOK PROJECTIONS, 2019-2021
TABLE 4 WORLD TRADE PROJECTIONS, 2019-2021
TABLE 5 CONDENSING UNIT MARKET SIZE, BY TYPE, 20182025 (USD BILLION)
TABLE 6 CONDENSING UNIT MARKET SIZE, BY TYPE, 20182025 (THOUSAND UNITS)
TABLE 7 AIR-COOLED CONDENSING UNIT MARKET SIZE, BY REGION, 20182025 (USD BILLION)
TABLE 8 AIR-COOLED CONDENSING UNIT MARKET SIZE, BY REGION, 20182025 (THOUSAND UNITS)
TABLE 9 WATER-COOLED CONDENSING UNIT MARKET SIZE, BY REGION, 20182025 (USD BILLION)
TABLE 10 WATER-COOLED CONDENSING UNIT MARKET SIZE, BY REGION, 20182025 (THOUSAND UNITS)
TABLE 11 EVAPORATIVE CONDENSING UNIT MARKET SIZE, BY REGION, 20182025 (USD MILLION)
TABLE 12 EVAPORATIVE CONDENSING UNIT MARKET SIZE, BY REGION, 20182025 (UNITS)
TABLE 13 CONDENSING UNIT MARKET SIZE, BY APPLICATION, 20182025 (USD MILLION)
TABLE 14 CONDENSING UNIT MARKET SIZE, BY APPLICATION, 20182025 (THOUSAND UNITS)
TABLE 15 COMMERCIAL CONDENSING UNIT MARKET SIZE, BY REGION, 20182025 (THOUSAND UNITS)
TABLE 16 INDUSTRIAL CONDENSING UNIT MARKET SIZE, BY REGION, 20182025 (THOUSAND UNITS)
TABLE 17 TRANSPORTATION CONDENSING UNIT MARKET SIZE, BY REGION, 20182025 (THOUSAND UNITS)
TABLE 18 TRANSPORT REFRIGERATION: KEY APPLICATIONS, END-USE INDUSTRIES, AND COMMON REFRIGERANTS
TABLE 19 CONDENSING UNIT MARKET: FUNCTION SEGMENT BREAKDOWN
TABLE 20 CONDENSING UNIT MARKET SIZE, BY FUNCTION, 2018-2025 (USD BILLION)
TABLE 21 CONDENSING UNIT MARKET SIZE, BY FUNCTION, 2018-2025 (THOUSAND UNITS)
TABLE 22 AIR CONDITIONING IN CONDENSING UNIT MARKET SIZE, BY REGION, 2018-2025 (THOUSAND UNITS)
TABLE 23 REFRIGERATION IN CONDENSING UNIT MARKET SIZE, BY REGION, 2018-2025 (THOUSAND UNITS)
TABLE 24 HEAT PUMPS IN CONDENSING UNIT MARKET SIZE, BY REGION, 2018-2025 (THOUSAND UNITS)
TABLE 25 CONDENSING UNIT MARKET SIZE, BY REFRIGERANT TYPE, 20182025 (THOUSAND UNITS)
TABLE 26 CONDENSING UNIT REFRIGERANTS MARKET SIZE, BY FLUOROCARBON TYPE, 20182025 (THOUSAND UNITS)
TABLE 27 CONDENSING UNIT REFRIGERANTS MARKET SIZE, BY HYDROCARBON TYPE, 20182025 (THOUSAND UNITS)
TABLE 28 CONDENSING UNIT REFRIGERANTS MARKET SIZE, BY INORGANIC TYPE, 20182025 (THOUSAND UNITS)
TABLE 29 CONDENSING UNIT MARKET SIZE FOR FLUOROCARBONS, BY REGION, 20182025 (THOUSAND UNITS)
TABLE 30 HCFC: APPLICATIONS AND GWP
TABLE 31 HFC: APPLICATIONS AND GWP
TABLE 32 HFO: APPLICATIONS AND GWP
TABLE 33 CONDENSING UNIT MARKET SIZE FOR HYDROCARBONS, BY REGION, 20182025 (THOUSAND UNITS)
TABLE 34 ISOBUTANE: APPLICATIONS AND GWP
TABLE 35 PROPANE: APPLICATIONS AND GWP
TABLE 36 CONDENSING UNIT MARKET SIZE FOR INORGANICS, BY REGION, 20182025 (THOUSAND UNITS)
TABLE 37 AMMONIA: APPLICATIONS AND GWP
TABLE 38 CO2: APPLICATIONS AND GWP
TABLE 39 OTHERS: APPLICATIONS AND GWP
TABLE 40 CONDENSING UNIT MARKET SIZE, BY REGION, 2018-2025 (USD BILLION)
TABLE 41 CONDENSING UNIT MARKET SIZE, BY REGION, 2018-2025 (THOUSAND UNITS)
TABLE 42 CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (USD BILLION)
TABLE 43 CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 44 CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (USD BILLION)
TABLE 45 CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 46 CONDENSING UNIT MARKET SIZE, BY FUNCTION, 2018-2025 (USD BILLION)
TABLE 47 CONDENSING UNIT MARKET SIZE, BY FUNCTION, 2018-2025 (THOUSAND UNITS)
TABLE 48 ASIA PACIFIC: CONDENSING UNIT MARKET SIZE, BY COUNTRY, 2018-2025 (THOUSAND UNITS)
TABLE 49 ASIA PACIFIC: CONDENSING UNIT MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 50 ASIA PACIFIC: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 51 ASIA PACIFIC: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 52 ASIA PACIFIC: CONDENSING UNIT MARKET SIZE, BY FUNCTION, 2018-2025 (THOUSAND UNITS)
TABLE 53 CHINA: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 54 CHINA: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 55 INDIA: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 56 INDIA: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 57 JAPAN: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 58 JAPAN: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 59 SOUTH KOREA: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 60 SOUTH KOREA: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 61 THAILAND: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 62 THAILAND: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 63 MALAYSIA: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 64 MALAYSIA: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 65 SINGAPORE: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 66 SINGAPORE: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 67 PROJECTION OF POTENTIAL DEMAND FOR COLD STORAGE IN INDONESIA, 20202024
TABLE 68 INDONESIA: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 69 INDONESIA: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 70 REST OF ASIA PACIFIC: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 71 REST OF ASIA PACIFIC: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 72 EUROPE: CONDENSING UNIT MARKET SIZE, BY COUNTRY, 20182025 (THOUSAND UNITS)
TABLE 73 EUROPE: CONDENSING UNIT MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 74 EUROPE: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 20182025 (THOUSAND UNITS)
TABLE 75 EUROPE: CONDENSING UNIT MARKET SIZE, BY TYPE, 20182025 (THOUSAND UNITS)
TABLE 76 EUROPE: CONDENSING UNIT MARKET SIZE, BY FUNCTION, 20182025 (THOUSAND UNITS)
TABLE 77 GERMANY: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 20182025 (THOUSAND UNITS)
TABLE 78 GERMANY: CONDENSING UNIT MARKET SIZE, BY TYPE, 20182025 (THOUSAND UNITS)
TABLE 79 UK: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 20182025 (THOUSAND UNITS)
TABLE 80 UK: CONDENSING UNIT MARKET SIZE, BY TYPE, 20182025 (THOUSAND UNITS)
TABLE 81 FRANCE: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 20182025 (THOUSAND UNITS)
TABLE 82 FRANCE: CONDENSING UNIT MARKET SIZE, BY TYPE, 20182025 (THOUSAND UNITS)
TABLE 83 ITALY: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 20182025 (THOUSAND UNITS)
TABLE 84 ITALY: CONDENSING UNIT MARKET SIZE, BY TYPE, 20182025 (THOUSAND UNITS)
TABLE 85 SPAIN: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 20182025 (THOUSAND UNITS)
TABLE 86 SPAIN: CONDENSING UNIT MARKET SIZE, BY TYPE, 20182025 (THOUSAND UNITS)
TABLE 87 REST OF EUROPE: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 20182025 (THOUSAND UNITS)
TABLE 88 REST OF EUROPE: CONDENSING UNIT MARKET SIZE, BY TYPE, 20182025 (THOUSAND UNITS)
TABLE 89 NORTH AMERICA: CONDENSING UNIT MARKET SIZE, BY COUNTRY, 20182025 (THOUSAND UNITS)
TABLE 90 NORTH AMERICA: CONDENSING UNIT MARKET SIZE, BY COUNTRY, 20182025 (USD MILLION)
TABLE 91 NORTH AMERICA: CONDENSING UNIT MARKET SIZE, BY TYPE, 20182025 (THOUSAND UNITS)
TABLE 92 NORTH AMERICA: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 20182025 (THOUSAND UNITS)
TABLE 93 NORTH AMERICA: CONDENSING UNIT MARKET SIZE, BY FUNCTION, 20182025 (THOUSAND UNITS)
TABLE 94 US: LEADING STATES FOR COLD STORAGE SPACE
TABLE 95 US: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 20182025 (THOUSAND UNITS)
TABLE 96 US: CONDENSING UNIT MARKET SIZE, BY TYPE, 20182025 (THOUSAND UNITS)
TABLE 97 CANADA: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 20182025 (THOUSAND UNITS)
TABLE 98 CANADA: CONDENSING UNIT MARKET SIZE, BY TYPE, 20182025 (THOUSAND UNITS)
TABLE 99 MEXICO: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 20182025 (THOUSAND UNITS)
TABLE 100 MEXICO: CONDENSING UNIT MARKET SIZE, BY TYPE, 20182025 (THOUSAND UNITS)
TABLE 101 MIDDLE EAST & AFRICA: CONDENSING UNIT MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 102 MIDDLE EAST & AFRICA: CONDENSING UNIT MARKET SIZE, BY COUNTRY, 2018-2025 (THOUSAND UNITS)
TABLE 103 MIDDLE EAST & AFRICA: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 104 MIDDLE EAST & AFRICA: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 105 MIDDLE EAST & AFRICA: CONDENSING UNIT MARKET SIZE, BY FUNCTION, 2018-2025 (THOUSAND UNITS)
TABLE 106 SAUDI ARABIA: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 107 SAUDI ARABIA: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 108 TURKEY: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 109 TURKEY: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 110 UAE: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 111 UAE: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 112 REST OF MIDDLE EAST & AFRICA: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 113 REST OF MIDDLE EAST & AFRICA: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 114 SOUTH AMERICA: CONDENSING UNIT MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 115 SOUTH AMERICA: CONDENSING UNIT MARKET SIZE, BY COUNTRY, 2018-2025 (THOUSAND UNITS)
TABLE 116 SOUTH AMERICA: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 117 SOUTH AMERICA: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 118 SOUTH AMERICA: CONDENSING UNIT MARKET SIZE, BY FUNCTION, 2018-2025 (THOUSAND UNITS)
TABLE 119 BRAZIL: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 120 BRAZIL: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 121 ARGENTINA: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 122 ARGENTINA: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 123 CHILE: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 124 CHILE: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 125 REST OF SOUTH AMERICA: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2018-2025 (THOUSAND UNITS)
TABLE 126 REST OF SOUTH AMERICA: CONDENSING UNIT MARKET SIZE, BY TYPE, 2018-2025 (THOUSAND UNITS)
TABLE 127 NEW PRODUCT LAUNCHES, 20172020
TABLE 128 EXPANSIONS, 2017-2020
TABLE 129 PARTNERSHIPS, 2017-2020
TABLE 130 ACQUISITIONS, 2017-2020
TABLE 131 CONTRACTS, 2017-2020
TABLE 132 JOINT VENTURES, 2017-2020
TABLE 133 DIVESTMENTS, 2017-2020
LIST OF FIGURES (35 FIGURES)
FIGURE 1 CONDENSING UNIT MARKET SEGMENTATION
FIGURE 2 CONDENSING UNIT MARKET: RESEARCH DESIGN
FIGURE 3 MARKET SIZE ESTIMATION
FIGURE 4 CONDENSING UNIT MARKET: DATA TRIANGULATION
FIGURE 5 AIR-COOLED CONDENSING UNIT SEGMENT TO DOMINATE THE MARKET BETWEEN 2020 AND 2025 (USD BILLION)
FIGURE 6 INDUSTRIAL SEGMENT TO REGISTER THE HIGHEST CAGR BETWEEN 2020 AND 2025 (USD BILLION)
FIGURE 7 AIR CONDITIONING SEGMENT TO DOMINATE THE CONDENSING UNIT MARKET BETWEEN 2020 AND 2025 (USD BILLION)
FIGURE 8 ASIA PACIFIC TO DOMINATE THE CONDENSING UNIT MARKET DURING THE FORECAST PERIOD
FIGURE 9 CONDENSING UNIT MARKET TO WITNESS MODERATE GROWTH BETWEEN 2020 AND 2025
FIGURE 10 MIDDLE EAST & AFRICA MARKET PROJECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD (THOUSAND UNITS)
FIGURE 11 INDUSTRIAL APPLICATION SEGMENT AND CHINA DOMINATED ASIA PACIFIC CONDENSING UNIT MARKET IN 2019 (THOUSAND UNITS)
FIGURE 12 AIR-COOLED SEGMENT TO LEAD THE CONDENSING UNIT MARKET BETWEEN 2020 AND 2025 (THOUSAND UNITS)
FIGURE 13 AIR CONDITIONING SEGMENT ESTIMATED TO LEAD THE CONDENSING UNIT MARKET IN 2020 (THOUSAND UNITS)
FIGURE 14 OVERVIEW OF THE FORCES GOVERNING THE CONDENSING UNIT MARKET
FIGURE 15 GLOBAL RETAIL SALES, 2014 AND 2018 (USD TRILLION)
FIGURE 16 MANUFACTURING INDUSTRY GROWTH RATE, 2014
FIGURE 17 COMPONENTS ACCOUNT FOR MAJOR VALUE ADDITION
FIGURE 18 WORLD TRADE VOLUME, 2019-2021
FIGURE 19 AIR-COOLED CONDENSING UNIT SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD (USD BILLION)
FIGURE 20 INDUSTRIAL SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD (USD MILLION)
FIGURE 21 AIR CONDITIONING SEGMENT TO DOMINATE CONDENSING UNIT MARKET DURING THE FORECAST PERIOD (USD BILLION)
FIGURE 22 HYDROCARBONS SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING THE FORECAST PERIOD (THOUSAND UNITS)
FIGURE 23 REGIONAL SNAPSHOT (20182025): CHILE, TURKEY, CHINA, AND EGYPT ARE EMERGING AS STRATEGIC LOCATIONS
FIGURE 24 CONDENSING UNIT MARKET, BY REGION (USD BILLION)
FIGURE 25 ASIA PACIFIC MARKET SNAPSHOT
FIGURE 26 EUROPE MARKET SNAPSHOT
FIGURE 27 NORTH AMERICA MARKET SNAPSHOT
FIGURE 28 COMPANIES ADOPTED ORGANIC AND INORGANIC GROWTH STRATEGIES BETWEEN JANUARY 2017 AND MARCH 2020
FIGURE 29 CONDENSING UNIT MARKET (GLOBAL) COMPETITIVE LANDSCAPE MAPPING, 2019
FIGURE 30 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN CONDENSING UNIT MARKET
FIGURE 31 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN CONDENSING UNIT MARKET
FIGURE 32 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
FIGURE 33 DANFOSS: COMPANY SNAPSHOT
FIGURE 34 GEA GROUP AKTIENGESELLSCHAFT: COMPANY SNAPSHOT
FIGURE 35 VOLTAS LIMITED: COMPANY SNAPSHOT
The study involved four major activities in estimating the current size of the condensing unit market. Exhaustive secondary research was done to collect information on the condensing unit market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the condensing unit value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments of the condensing unit market.
Secondary Research
As a part of the secondary research process, various secondary sources, such as Hoovers, Bloomberg, BusinessWeek, and Dun & Bradstreet, were referred for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles by recognized authors, authenticated directories, and databases.
Secondary research was mainly conducted to obtain essential information about the supply chain of the industry, the monetary chain of the market, total pool of players, and market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments undertaken from both the market and technology oriented perspectives.
Primary Research
The condensing unit market comprises several stakeholders, such as condensing unit manufacturers, manufacturers in end-use industries, traders, distributors, and suppliers of condensing units, regional manufacturer associations and condensing unit associations, and government and regional agencies, in the supply chain.
As part of the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the condensing unit market. Primary sources from the supply side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the condensing unit market. Primary sources from the demand side included directors, marketing heads, and purchase managers from multiple end-use industries. Following is the breakdown of the primary respondents.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the condensing unit market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets were identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value and volume, were determined through primary and secondary research processes.
- All percentage shares split, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market sizeusing the market size estimation processes as explained abovethe market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition to this, the market size was validated using both top-down and bottom-up approaches.
Report Objectives
- To analyze and forecast the size of the condensing unit market, in terms of value and volume
- To define, segment, and estimate the condensing unit market by type, application, function, and refrigerant type
- To project the size of the market segments, in terms of volume and value, concerning five main regions, namely, Asia Pacific, North America, Europe, Middle East & Africa, and South America
- To provide detailed information regarding the crucial factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges)
- To strategically analyze micromarkets1 concerning individual growth trends, prospects, and their contribution to the total market
- To analyze opportunities in the condensing unit market for stakeholders and provide a competitive landscape of the market
- To analyze competitive developments, such as new product launches, acquisitions, expansions, partnerships, contracts, and joint ventures in the condensing unit market
- To strategically profile key players and comprehensively analyze their market share and core competencies
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to a companys specific needs.
The following customization options are available for the report:
Regional Analysis
- Further breakdown of the North America, Europe, and Asia Pacific condensing unit markets
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Company Information
- Detailed analysis and profiles of additional market players (up to five)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Condensing Unit Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Condensing Unit Market
University needs general information on Condensing units in Bolivia and Ivory Coast
Want project for study purpose
Information on number of commercial condensing units sold in Europe