The global condensing unit market is estimated to grow at a CAGR of more than 8% during the study period. The growth of end-use sectors in these economies, such as supermarkets and retail chains, can be attributed to the rise in per capita disposable income of consumers and their changing lifestyles. Moreover, the steadily growing economies such as China, India, Thailand, and Malaysia are expected to register healthy industrial growth during the forecast period which in turn, is leading to the growth of the global condensing unit market.
Market Segmentation
The global condensing unit market has been analyzed on the basis of capacity, type, function, compressor technology, refrigerant type, end-user, and region. By capacity, the market is segmented into up to 20 HP, 20-40 HP, 40-60 HP, 60-80 HP, and more than 80 HP. Based on type, the market is segmented into air-cooled condensing units, water-cooled condensing units, and evaporative condensing units. Among these, the air-cooled segment is projected to contribute significantly to the market during the forecast period. On the basis of function, the market covers the analysis of air conditioning, refrigeration, and heat pumps. Among these, the air conditioning segment is estimated to dominate the market.
By compressor technology, the market is segmented into crew AC compressor, centrifugal AC, compressor, reciprocating AC compressor, hermetic AC compressor, rotary vane AC compressor, and others. By refrigerant type, the market is segmented into fluorocarbons, hydrocarbons, and inorganics. Further, the end-user segment covers the analysis of residential, commercial, industrial and transportation. The commercial segment is projected to exhibit at a considerable rate during the forecast period. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market Structure and Competition Landscape
The global condensing unit market is characterized by the presence of significant number of players. Some of the prominent players operating in the market include Emerson Electric Co., Danfoss, Daikin Industries Ltd., Tecumseh Products Company, Hussmann Corporation, Voltas Limited, Patton Ltd, Rivacold UK Ltd, FreezeIndia, Howe Corporation, MTA S.p.A., CCC Holdings Inc., KeepRite Refrigeration, and others. These players adopt various strategies to increase the market share and gain a competitive edge over other competitors. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global condensing units market include,
? In December 2021, CCC Holdings acquired Kobol business, the aim behind the acquisition was to expand their business
? In November 2021, CCC Holdings announced the acquisition of Arctic I.R.E SA by Roen Est S.p.A. CCC holdings also announced that their plan is to acquire 6-8 businesses over (2020-2030).
Global Condensing Units Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players? expenditures, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter?s Five Forces Analysis
7. Government Laws & Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Global Condensing Units Market: Pricing Analysis
9.1. By Product Type
9.1.1. Segment Overview
9.2. Air-Cooled Condensing Units
9.3. Water-Cooled Condensing Units
9.4. Evaporative Condensing Units
10. Parent Market Overview: Industrial Machinery and Component
11. Segmental Analysis
11.1. The Global Industrial Vacuum Cleaners Market by Product Type
11.1.1. Segment Overview
1.1. Air-Cooled Condensing Units
1.2. Water-Cooled Condensing Units
1.3. Evaporative Condensing Unit
1.4. The Global Industrial Vacuum Cleaners Market by Function
1.4.1. Segment Overview
1.4.1.1. Air Conditioning
1.4.1.2. Refrigeration
1.4.1.3. Heat Pumps
1.5. Global Industrial Vacuum Cleaners market by Compressor Technology
1.5.1. Segment Overview
1.5.1.1. Screw AC Compressor
1.5.1.2. Centrifugal AC Compressor
1.5.1.3. Reciprocating AC Compressor
1.5.1.4. Hermetic AC Compressor
1.5.1.5. Rotary AC Compressor
1.5.1.6. Other (Scroll AC Compressor)
1.6. Global industrial Vacuum Cleaners Market by Refrigerant Type
1.6.1. Segment Overview
1.6.1.1. Fluorocarbons
1.6.1.2. Hydrocarbons
1.6.1.3. Inorganics
1.7. Global Industrial Vacuum Cleaners Market by Capacity
1.7.1. Segment Overview
1.7.1.1. Up to 20
1.7.1.2. 20-40
1.7.1.3. 40-60
1.7.1.4. 60-80
1.7.1.5. 80-100
1.7.1.6. More than 100
1.8. Global Industrial Vacuum Cleaners Market by End Use
1.8.1. Segment Overview
1.8.1.1. Residential
1.8.1.2. Commercial
1.8.1.3. Industrial
1.8.1.4. Transportation
2. Regional Analysis
2.1. North America
2.2. Latin America
2.3. Western Europe
2.4. Eastern Europe
2.5. Asia Pacific
2.6. Middle East and Africa
3. Competitive Landscape
3.1. Competition Dashboard
3.1.1. Global and Regional Market Share Analysis
3.1.2. Market Structure
3.2. Competitive Benchmarking
3.3. Key Strategy Analysis
3.4. Company Profiles
3.4.1. Emerson Electric Co.
3.4.1.1. Company Overview
3.4.1.2. Product/Service Offerings
3.4.1.3. Key Financials
3.4.1.4. Recent Developments
3.4.2. Danfoss A/S
3.4.2.1. Company Overview
3.4.2.2. Product/Service Offerings
3.4.2.3. Financials
3.4.2.4. Recent Developments
3.4.2.5. Recent Developments
3.4.3. Daikin Industries Ltd.
3.4.3.1. Company Overview
3.4.3.2. Product/Service Offerings
3.4.3.3. Financials
3.4.3.4. Recent Developments
3.4.4. Tecumseh Products Company LLC
3.4.4.1. Company Overview
3.4.4.2. Product/Service Offerings
3.4.4.3. Financials
3.4.4.4. Recent Developments
3.4.5. Hussmann Corp.
3.4.5.1. Company Overview
3.4.5.2. Product/Service Offerings
3.4.5.3. Financials
3.4.5.4. Recent Developments
3.4.6. Voltas Ltd.
3.4.6.1. Company Overview
3.4.6.2. Product/Service Offerings
3.4.6.3. Financials
3.4.6.4. Recent Developments
3.4.7. Patton Ltd.
3.4.7.1. Company Overview
3.4.7.2. Product/Service Offerings
3.4.7.3. Financials
3.4.7.4. Recent Developments
3.4.8. Rivacold srl
3.4.8.1. Company Overview
3.4.8.2. Product/Service Offerings
3.4.8.3. Financials
3.4.8.4. Recent Developments
3.4.9. Heatcraft Worldwide Refrigeration (Lennox International Inc.)
3.4.9.1. Company Overview
3.4.9.2. Product/Service Offerings
3.4.9.3. Financials
3.4.9.4. Recent Developments
3.4.10. BITZER K?hlmaschinenbau GmbH
3.4.10.1. Company Overview
3.4.10.2. Product/Service Offerings
3.4.10.3. Financials
3.4.10.4. Recent Developments
3.4.11. Dorin S.p.A.
3.4.11.1. Company Overview
3.4.11.2. Product/Service Offerings
3.4.11.3. Financials
3.4.11.4. Recent Developments
3.4.12. Johnsons Control Inc.
3.4.12.1. Company Overview
3.4.12.2. Product/Service Offerings
3.4.12.3. Financials
3.4.12.4. Recent Developments
3.4.13. Howe Corp.
3.4.13.1. Company Overview
3.4.13.2. Product/Service Offerings
3.4.13.3. Financials
3.4.13.4. Recent Developments
3.4.14. Blue Star Ltd.
3.4.14.1. Company Overview
3.4.14.2. Product/Service Offerings
3.4.14.3. Financials
3.4.14.4. Recent Developments
3.4.15. National Comfort Products (National Refrigeration & A/C Products, Inc.)
3.4.15.1. Company Overview
3.4.15.2. Product/Service Offerings
3.4.15.3. Financials
3.4.15.4. Recent Developments
3.4.16. SCM Frigo S.p.A.
3.4.16.1. Company Overview
3.4.16.2. Product/Service Offerings
3.4.16.3. Financials
3.4.16.4. Recent Developments
3.4.17. Prijai Heat Exchangers Pvt. Ltd.
3.4.17.1. Company Overview
3.4.17.2. Product/Service Offerings
3.4.17.3. Financials
3.4.17.4. Recent Developments
3.4.18. KeepRite Refrigeration (National Refrigeration and Air Conditioning Canada Corp.)
3.4.18.1. Company Overview
3.4.18.2. Product/Service Offerings
3.4.18.3. Financials
3.4.18.4. Recent Developments
3.4.19. Baltimore Aircoil Company
3.4.19.1. Company Overview
3.4.19.2. Product/Service Offerings
3.4.19.3. Financials
3.4.19.4. Recent Developments
3.4.20. Dorin S.p.A.
3.4.20.1. Company Overview
3.4.20.2. Product/Service Offerings
3.4.20.3. Financials
3.4.20.4. Recent Developments
4. Disclaimer
List of Figures
Figure 01: Global Condensing Unit Market Volume (?000 units), 2019-2021
Figure 02: Global Condensing Unit Market Volume (?000 units) & Y-o-Y Growth (%) Analysis, 2022?2028
Figure 03: Condensing Unit, Pricing Analysis per unit (US$), in 2022
Figure 04: Condensing Unit, Pricing Forecast per unit (US$), in 2028
Figure 05: Global Condensing Unit Market Value Analysis (US$ Mn), 2019-2021
Figure 06: Global Condensing Unit Market Size (US$ Mn) & Y-o-Y Growth (%) Analysis, 2022?2028
Figure 07: Global Condensing Unit Market Size and Market Share Analysis (%) by Product Type, 2022 & 2028
Figure 08: Global Condensing Unit Market Y-o-Y Analysis (%) by Product Type, 2022-2028
Figure 09: Global Condensing Unit Market Size and Market Share Analysis (%) by Function, 2022 & 2028
Figure 10: Global Condensing Unit Market Y-o-Y Analysis (%) by Function, 2022-2028
Figure 11: Global Condensing Unit Market Size and Market Share Analysis (%) by Compressor Technology, 2022 & 2028
Figure 12: Global Condensing Unit Market Y-o-Y Analysis (%) by Compressor Technology, 2022-2028
Figure 13: Global Condensing Unit Market Size and Market Share Analysis (%) by Refrigerant Type, 2022 & 2028
Figure 14: Global Condensing Unit Market Y-o-Y Analysis (%) by Refrigerant Type, 2022-2028
Figure 15: Global Condensing Unit Market Size and Market Share Analysis (%) by Capacity, 2022 & 2028
Figure 16: Global Condensing Unit Market Y-o-Y Analysis (%) by Capacity, 2022-2028
Figure 17: Global Condensing Unit Market Size and Market Share Analysis (%) by End Use, 2022 & 2028
Figure 18: Global Condensing Unit Market Y-o-Y Analysis (%) by End Use, 2022-2028
Figure 19: Global Condensing Unit Market Size and Market Share Analysis (%) by Region, 2022 & 2028
Figure 20: Global Condensing Unit Market Y-o-Y Growth (%) by Region, 2022?2028
Figure 21: North America Condensing Unit Market Size and Market Share Analysis (%) by Product Type, 2022 & 2028
Figure 22: North America Condensing Unit Market Size and Market Share Analysis (%) by Function, 2022 & 2028
Figure 23: North America Condensing Unit Market Size and Market Share Analysis (%) by Compressor Technology, 2022 & 2028
Figure 24: North America Condensing Unit Market Size and Market Share Analysis (%) by Refrigerant Type, 2022 & 2028
Figure 25: North America Condensing Unit Market Size and Market Share Analysis (%) by Capacity, 2022 & 2028
Figure 26: North America Condensing Unit Market Size and Market Share Analysis (%) by End Use, 2022 & 2028
Figure 27: North America Condensing Unit Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 28: Latin America Condensing Unit Market Size and Market Share Analysis (%) by Product Type, 2022 & 2028
Figure 29: Latin America Condensing Unit Market Size and Market Share Analysis (%) by Function, 2022 & 2028
Figure 30: Latin America Condensing Unit Market Size and Market Share Analysis (%) by Compressor Technology, 2022 & 2028
Figure 31: Latin America Condensing Unit Market Size and Market Share Analysis (%) by Refrigerant Type, 2022 & 2028
Figure 32: Latin America Condensing Unit Market Size and Market Share Analysis (%) by Capacity, 2022 & 2028
Figure 33: Latin America Condensing Unit Market Size and Market Share Analysis (%) by End Use, 2022 & 2028
Figure 34: Latin America Condensing Unit Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 35: Western Europe Condensing Unit Market Size and Market Share Analysis (%) by Product Type, 2022 & 2028
Figure 36: Western Europe Condensing Unit Market Size and Market Share Analysis (%) by Function, 2022 & 2028
Figure 37: Western Europe Condensing Unit Market Size and Market Share Analysis (%) by Compressor Technology, 2022 & 2028
Figure 38: Western Europe Condensing Unit Market Size and Market Share Analysis (%) by Refrigerant Type, 2022 & 2028
Figure 39: Western Europe Condensing Unit Market Size and Market Share Analysis (%) by Capacity, 2022 & 2028
Figure 40: Western Europe Condensing Unit Market Size and Market Share Analysis (%) by End Use, 2022 & 2028
Figure 41: Western Europe Condensing Unit Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 42: Eastern Europe Condensing Unit Market Size and Market Share Analysis (%) by Product Type, 2022 & 2028
Figure 43: Eastern Europe Condensing Unit Market Size and Market Share Analysis (%) by Function, 2022 & 2028
Figure 44: Eastern Europe Condensing Unit Market Size and Market Share Analysis (%) by Compressor Technology, 2022 & 2028
Figure 45: Eastern Europe Condensing Unit Market Size and Market Share Analysis (%) by Refrigerant Type, 2022 & 2028
Figure 46: Eastern Europe Condensing Unit Market Size and Market Share Analysis (%) by Capacity, 2022 & 2028
Figure 47: Eastern Europe Condensing Unit Market Size and Market Share Analysis (%) by End Use, 2022 & 2028
Figure 48: Eastern Europe Condensing Unit Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 49: Asia Pacific Condensing Unit Market Size and Market Share Analysis (%) by Product Type, 2022 & 2028
Figure 50: Asia Pacific Condensing Unit Market Size and Market Share Analysis (%) by Function, 2022 & 2028
Figure 51: Asia Pacific Condensing Unit Market Size and Market Share Analysis (%) by Compressor Technology, 2022 & 2028
Figure 52: Asia Pacific Condensing Unit Market Size and Market Share Analysis (%) by Refrigerant Type, 2022 & 2028
Figure 53: Asia Pacific Condensing Unit Market Size and Market Share Analysis (%) by Capacity, 2022 & 2028
Figure 54: Asia Pacific Condensing Unit Market Size and Market Share Analysis (%) by End Use, 2022 & 2028
Figure 55: Asia Pacific Condensing Unit Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 56: Middle East & Africa Condensing Unit Market Size and Market Share Analysis (%) by Product Type, 2022 & 2028
Figure 57: Middle East & Africa Condensing Unit Market Size and Market Share Analysis (%) by Function, 2022 & 2028
Figure 58: Middle East & Africa Condensing Unit Market Size and Market Share Analysis (%) by Compressor Technology, 2022 & 2028
Figure 59: Middle East & Africa Condensing Unit Market Size and Market Share Analysis (%) by Refrigerant Type, 2022 & 2028
Figure 60: Middle East & Africa Condensing Unit Market Size and Market Share Analysis (%) by Capacity, 2022 & 2028
Figure 61: Middle East & Africa Condensing Unit Market Size and Market Share Analysis (%) by End Use, 2022 & 2028
Figure 62: Middle East & Africa Condensing Unit Market Size and Market Share Analysis (%) by Country, 2022 & 2028
List of Tables
Table 1: Global Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Product Type
Table 2: Global Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Product Type
Table 3: Global Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Function
Table 4: Global Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Function
Table 5: Global Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Compressor Technology
Table 6: Global Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Compressor Technology
Table 7: Global Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Refrigerant Type
Table 8: Global Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Refrigerant Type
Table 9: Global Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Capacity
Table 10: Global Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Capacity
Table 11: Global Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End Use
Table 12: Global Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by End Use
Table 13: Global Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Region
Table 14: Global Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Region
Table 15: North America Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Product Type
Table 16: North America Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Product Type
Table 17: North America Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Function
Table 18: North America Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Function
Table 19: North America Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Compressor Technology
Table 20: North America Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Compressor Technology
Table 21: North America Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Refrigerant Type
Table 22: North America Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Refrigerant Type
Table 23: North America Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Capacity
Table 24: North America Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Capacity
Table 25: North America Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End Use
Table 26: North America Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by End Use
Table 27: North America Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 28: North America Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Country
Table 29: Latin America Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Product Type
Table 30: Latin America Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Product Type
Table 31: Latin America Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Function
Table 32: Latin America Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Function
Table 33: Latin America Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Compressor Technology
Table 34: Latin America Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Compressor Technology
Table 35: Latin America Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Refrigerant Type
Table 36: Latin America Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Refrigerant Type
Table 37: Latin America Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Capacity
Table 38: Latin America Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Capacity
Table 39: Latin America Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End Use
Table 40: Latin America Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by End Use
Table 41: Latin America Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 42: Latin America Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Country
Table 43: Western Europe Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Product Type
Table 44: Western Europe Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Product Type
Table 45: Western Europe Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Function
Table 46: Western Europe Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Function
Table 47: Western Europe Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Compressor Technology
Table 48: Western Europe Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Compressor Technology
Table 49: Western Europe Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Refrigerant Type
Table 50: Western Europe Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Refrigerant Type
Table 51: Western Europe Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Capacity
Table 52: Western Europe Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Capacity
Table 53: Western Europe Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End Use
Table 54: Western Europe Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by End Use
Table 55: Western Europe Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 56: Western Europe Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Country
Table 57: Eastern Europe Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Product Type
Table 58: Eastern Europe Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Product Type
Table 59: Eastern Europe Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Function
Table 60: Eastern Europe Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Function
Table 61: Eastern Europe Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Compressor Technology
Table 62: Eastern Europe Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Compressor Technology
Table 63: Eastern Europe Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Refrigerant Type
Table 64: Eastern Europe Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Refrigerant Type
Table 65: Eastern Europe Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Capacity
Table 66: Eastern Europe Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Capacity
Table 67: Eastern Europe Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End Use
Table 68: Eastern Europe Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by End Use
Table 69: Eastern Europe Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 70: Eastern Europe Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Country
Table 71: Asia Pacific Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Product Type
Table 72: Asia Pacific Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Product Type
Table 73: Asia Pacific Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Function
Table 74: Asia Pacific Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Function
Table 75: Asia Pacific Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Compressor Technology
Table 76: Asia Pacific Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Compressor Technology
Table 77: Asia Pacific Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Refrigerant Type
Table 78: Asia Pacific Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Refrigerant Type
Table 79: Asia Pacific Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Capacity
Table 80: Asia Pacific Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Capacity
Table 81: Asia Pacific Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End Use
Table 82: Asia Pacific Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by End Use
Table 83: Asia Pacific Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 84: Asia Pacific Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Country
Table 85: Middle East & Africa Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Product Type
Table 86: Middle East & Africa Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Product Type
Table 87: Middle East & Africa Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Function
Table 88: Middle East & Africa Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Function
Table 89: Middle East & Africa Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Compressor Technology
Table 90: Middle East & Africa Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Compressor Technology
Table 91: Middle East & Africa Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Refrigerant Type
Table 92: Middle East & Africa Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Refrigerant Type
Table 93: Middle East & Africa Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Capacity
Table 94: Middle East & Africa Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Capacity
Table 95: Middle East & Africa Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by End Use
Table 96: Middle East & Africa Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by End Use
Table 97: Middle East & Africa Condensing Unit Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Country
Table 98: Middle East & Africa Condensing Unit Market Volume (?000 units) Analysis and Forecast 2019-2028, by Country
The global condensing unit market is estimated to grow at a CAGR of more than 8% during the study period. The growth of end-use sectors in these economies, such as supermarkets and retail chains, can be attributed to the rise in per capita disposable income of consumers and their changing lifestyles. Moreover, the steadily growing economies such as China, India, Thailand, and Malaysia are expected to register healthy industrial growth during the forecast period which in turn, is leading to the growth of the global condensing unit market.
Market Segmentation
The global condensing unit market has been analyzed on the basis of capacity, type, function, compressor technology, refrigerant type, end-user, and region. By capacity, the market is segmented into up to 20 HP, 20-40 HP, 40-60 HP, 60-80 HP, and more than 80 HP. Based on type, the market is segmented into air-cooled condensing units, water-cooled condensing units, and evaporative condensing units. Among these, the air-cooled segment is projected to contribute significantly to the market during the forecast period. On the basis of function, the market covers the analysis of air conditioning, refrigeration, and heat pumps. Among these, the air conditioning segment is estimated to dominate the market.
By compressor technology, the market is segmented into crew AC compressor, centrifugal AC, compressor, reciprocating AC compressor, hermetic AC compressor, rotary vane AC compressor, and others. By refrigerant type, the market is segmented into fluorocarbons, hydrocarbons, and inorganics. Further, the end-user segment covers the analysis of residential, commercial, industrial and transportation. The commercial segment is projected to exhibit at a considerable rate during the forecast period. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market Structure and Competition Landscape
The global condensing unit market is characterized by the presence of significant number of players. Some of the prominent players operating in the market include Emerson Electric Co., Danfoss, Daikin Industries Ltd., Tecumseh Products Company, Hussmann Corporation, Voltas Limited, Patton Ltd, Rivacold UK Ltd, FreezeIndia, Howe Corporation, MTA S.p.A., CCC Holdings Inc., KeepRite Refrigeration, and others. These players adopt various strategies to increase the market share and gain a competitive edge over other competitors. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global condensing units market include,
? In December 2021, CCC Holdings acquired Kobol business, the aim behind the acquisition was to expand their business
? In November 2021, CCC Holdings announced the acquisition of Arctic I.R.E SA by Roen Est S.p.A. CCC holdings also announced that their plan is to acquire 6-8 businesses over (2020-2030).
