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Condensing Unit Market by Type (Air-Cooled, Evaporative, Water-Cooled), Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganics), Installation Type, Application, Operation - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 15, 2024
Length 191 Pages
SKU # IRE18437500

Description

Condensing Unit Market by Type (Air-Cooled, Evaporative, Water-Cooled), Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganics), Installation Type, Application, Operation - Global Forecast 2024-2030


The Condensing Unit Market size was estimated at USD 27.37 billion in 2023 and expected to reach USD 29.11 billion in 2024, at a CAGR 6.87% to reach USD 43.61 billion by 2030.Condensing units are temperature-control devices used in air conditioners, chillers, heat pumps, and refrigerators to help condense the refrigerant and other substances from a gaseous state into a liquid state. Condensing units eliminate heat transfer from the gas or vapor to a fluid or surrounding air. Increasing demand for the retail sector and food services in emerging economies is driving the condensing unit market growth. In addition, the need for high durability and long life of perishable food items increases demand for condensing units. Furthermore, rising demand for energy-efficient advanced condensing units in industries including chemicals, oil & gas, HVAC, and construction contributes to market growth. Moreover, the high cost of installation & maintenance of condensing units and environmental rules on refrigerants or gasses utilized in compressing units limit the market growth. Technological advancements in developing efficient condensing units and increasing demand for advanced condensing units in industrial & commercial sectors in developing economies create opportunities for market growth.Regional InsightsThe Americas has a highly developed infrastructure for the utilization of condensing units on a commercial and industrial basis. Adopting innovations in temperature control equipment, such as smart HVAC systems, connected refrigeration systems, and AI-enabled air conditioning systems, is expected to create demand for condensing units. The European region has stringent regulations for rated cooling capacity and type of refrigerants used in condensing units regarding environmental impact resulting from global warming. Customers increasingly prefer more technologically advanced condensing units due to improved efficiency and comfort levels. This shift in customer preferences has resulted in manufacturers investing heavily in research & development to develop more sophisticated products. The rising population and spending capacity of consumers in the Asia-Pacific region are increasing residential condensing unit utilization. Governments across many countries in the Asia-Pacific region have also put in place stringent energy efficiency regulations, which are driving the need for energy-efficient condensing units.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Condensing Unit Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Condensing Unit Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Condensing Unit Market, highlighting leading vendors and their innovative profiles. These include Alfa Laval AB, Baltimore Aircoil Company, Bitzer Kühlmaschinenbau GmbH, Blue Star Limited, Carrier Global Corporation, Daikin Industries, Ltd., Danfoss Group, Dorin S.p.A., Dover Corporation, Emerson Electric Co., Evapco, Inc., FRASCOLD S.p.A., FreezeIndia Manufacturing Pvt. Ltd., GEA Group Aktiengesellschaft, Howe Corporation, KeepRite Refrigeration, Lennox International Inc., MTA S.p.A., Mueller Industries, Inc., National Comfort Products, Nidec Corporation, Panasonic Holdings Corporation, Prijai Heat Exchangers Pvt. Ltd., Sadguru Engineering, Safe Air Technology, SCM Frigo S.p.A., Shree Refrigerations Pvt. Ltd., Voltas Limited, XP Climate Control, LLC, and Zhejiang Beifeng Refrigeration Equipment Co. Ltd..

Market Segmentation & Coverage


This research report categorizes the Condensing Unit Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Air-Cooled
Forced Convection

Natural Convection
Evaporative
Water-Cooled
Double Tube

Shell & Coil Condenser

Shell & Tube Condenser
Refrigerant Type
Fluorocarbons
HCFCs

HFCs

HFOs
Hydrocarbons
Isobutane

Propane
Inorganics
Ammonia

Carbon Dioxide
Installation Type
New Installations
Retrofitting
Application
Commercial
HVAC Condensers

Refrigeration
Industrial
Marine Condensers

Process Condensers
Residential
Transportation
Operation
Indoor
Outdoor
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Condensing Unit Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Condensing Unit Market?
3. What are the technology trends and regulatory frameworks in the Condensing Unit Market?
4. What is the market share of the leading vendors in the Condensing Unit Market?
5. Which modes and strategic moves are suitable for entering the Condensing Unit Market?

Note: PDF & Excel + Online Access - 1 Year

Table of Contents

191 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Condensing Unit Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Need for condensing unit for indoor environments to ensure good air quality
5.1.1.2. Rapid adoption of refrigerators and HVAC systems from the retail and food sector
5.1.1.3. Rising building construction activities and growing demand for efficient HVAC systems
5.1.2. Restraints
5.1.2.1. High cost of installation and maintenance of condensing unit
5.1.3. Opportunities
5.1.3.1. Emergence of advancements and introduction of innovative condensing units
5.1.3.2. Emerging role of air-cooled and water-cooled condensing units across various sectors
5.1.4. Challenges
5.1.4.1. Technical Concerns in Operating Condensing Units
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.3.1. Substantial adoption of the advanced cooling appliances in residential and commercial sectors
5.3.2. Rapid urbanization and deployment of energy-efficient HVAC systems in the APAC region
5.3.3. Well-established design and energy efficiency standards in the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Condensing Unit Market, by Type
6.1. Introduction
6.2. Air-Cooled
6.3.1. Forced Convection
6.3.2. Natural Convection
6.3. Evaporative
6.4. Water-Cooled
6.5.1. Double Tube
6.5.2. Shell & Coil Condenser
6.5.3. Shell & Tube Condenser
7. Condensing Unit Market, by Refrigerant Type
7.1. Introduction
7.2. Fluorocarbons
7.3.1. HCFCs
7.3.2. HFCs
7.3.3. HFOs
7.3. Hydrocarbons
7.4.1. Isobutane
7.4.2. Propane
7.4. Inorganics
7.5.1. Ammonia
7.5.2. Carbon Dioxide
8. Condensing Unit Market, by Installation Type
8.1. Introduction
8.2. New Installations
8.3. Retrofitting
9. Condensing Unit Market, by Application
9.1. Introduction
9.2. Commercial
9.3.1. HVAC Condensers
9.3.2. Refrigeration
9.3. Industrial
9.4.1. Marine Condensers
9.4.2. Process Condensers
9.4. Residential
9.5. Transportation
10. Condensing Unit Market, by Operation
10.1. Introduction
10.2. Indoor
10.3. Outdoor
11. Americas Condensing Unit Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Condensing Unit Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Condensing Unit Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
14.3.1. Merger & Acquisition
14.3.1.1. Trane acquires Italian chiller manufacturer MTA
14.3.1.2. Danfoss Completes Acquisition of Compressor Manufacturer
14.3.1.3. Honeywell to Acquire Compressor Controls Corp.
14.3.2. Agreement, Collaboration, & Partnership
14.3.2.1. Wipro Lighting enters into exclusive partnership with Aura Air
14.3.3. New Product Launch & Enhancement
14.3.3.1. Baltimore Aircoil Company Introduces the VertexTM Evaporative Condense
14.3.3.2. SWEP launched high efficiency condenser and evaporator for reversible heat pump systems
14.3.3.3. Emerson Launches Copelan Outdoor Units for Low Temperature Applications with A2L Refrigerants
14.3.4. Investment & Funding
14.3.4.1. The U.S. startup secures funding for window mini-split air conditioner
14.3.5. Award, Recognition, & Expansion
14.3.5.1. NTPC commissioned India’s first Air cooled condenser at North Karanpura Super Critical plant in Jharkhand
14.3.5.2. Daikin opened an Air Conditioner Factory in Indonesia
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. Alfa Laval AB
15.1.2. Baltimore Aircoil Company
15.1.3. Bitzer Kühlmaschinenbau GmbH
15.1.4. Blue Star Limited
15.1.5. Carrier Global Corporation
15.1.6. Daikin Industries, Ltd.
15.1.7. Danfoss Group
15.1.8. Dorin S.p.A.
15.1.9. Dover Corporation
15.1.10. Emerson Electric Co.
15.1.11. Evapco, Inc.
15.1.12. FRASCOLD S.p.A.
15.1.13. FreezeIndia Manufacturing Pvt. Ltd.
15.1.14. GEA Group Aktiengesellschaft
15.1.15. Howe Corporation
15.1.16. KeepRite Refrigeration
15.1.17. Lennox International Inc.
15.1.18. MTA S.p.A.
15.1.19. Mueller Industries, Inc.
15.1.20. National Comfort Products
15.1.21. Nidec Corporation
15.1.22. Panasonic Holdings Corporation
15.1.23. Prijai Heat Exchangers Pvt. Ltd.
15.1.24. Sadguru Engineering
15.1.25. Safe Air Technology
15.1.26. SCM Frigo S.p.A.
15.1.27. Shree Refrigerations Pvt. Ltd.
15.1.28. Voltas Limited
15.1.29. XP Climate Control, LLC
15.1.30. Zhejiang Beifeng Refrigeration Equipment Co. Ltd.
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
FIGURE 1. CONDENSING UNIT MARKET RESEARCH PROCESS
FIGURE 2. CONDENSING UNIT MARKET SIZE, 2023 VS 2030
FIGURE 3. CONDENSING UNIT MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. CONDENSING UNIT MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. CONDENSING UNIT MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. CONDENSING UNIT MARKET DYNAMICS
FIGURE 7. CONDENSING UNIT MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 8. CONDENSING UNIT MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. CONDENSING UNIT MARKET SIZE, BY REFRIGERANT TYPE, 2023 VS 2030 (%)
FIGURE 10. CONDENSING UNIT MARKET SIZE, BY REFRIGERANT TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. CONDENSING UNIT MARKET SIZE, BY INSTALLATION TYPE, 2023 VS 2030 (%)
FIGURE 12. CONDENSING UNIT MARKET SIZE, BY INSTALLATION TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 14. CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. CONDENSING UNIT MARKET SIZE, BY OPERATION, 2023 VS 2030 (%)
FIGURE 16. CONDENSING UNIT MARKET SIZE, BY OPERATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS CONDENSING UNIT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS CONDENSING UNIT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES CONDENSING UNIT MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES CONDENSING UNIT MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC CONDENSING UNIT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC CONDENSING UNIT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA CONDENSING UNIT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA CONDENSING UNIT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. CONDENSING UNIT MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 26. CONDENSING UNIT MARKET SHARE, BY KEY PLAYER, 2023

Pricing

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