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Condensing Unit Market by Type (Air-Cooled, Water-Cooled, Evaporative Condensing Unit), Application (Commercial, Industrial, Transportation), Function (Air Conditioning, Refrigeration), and Region - Global Forecast to 2022

Condensing Unit Market by Type (Air-Cooled, Water-Cooled, Evaporative Condensing Unit), Application (Commercial, Industrial, Transportation), Function (Air Conditioning, Refrigeration), and Region - Global Forecast to 2022

“The condensing unit market is projected to grow at a CAGR of 8.2% from 2017 to 2022.”
The global condensing unit market is projected to grow from an estimated USD 21.94 billion in 2017 to USD 32.47 billion by 2022, at a CAGR of 8.2% from 2017 to 2022. The increase in demand for natural refrigerants such as ammonia, CO2, and HCs is leading to the replacement of traditional refrigerants with natural refrigerants. This, in turn, is driving the demand for condensing units. Technological advancements and improvements in condensing units are a driving factor for condensing unit 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 emerging nations, including China, India, Thailand, and Malaysia. This, in turn, is expected to lead to an increase in the demand for condensing unit in these countries. Increasing concerns about the high Global Warming Potential (GWP) of common Chlorofluorocarbons (CFC) refrigerants have adversely affected the growth of the condensing unit market in Europe and North America, and this can be a restraint to the market.

“The industrial segment is expected to be the fastest-growing application segment of the condensing unit market during the forecast period.”
Condensing units are used in several industrial applications, such as power plants, petrochemical plants, refineries, and others. The industrial application segment is expected to grow at the highest rate due to the growing demand for advanced refrigeration from various application areas, such as retail stores, power plants, hospitals, dairy cabinets, cryogenic containers, and cooling systems.

“Asia Pacific is expected to account for the largest share of the condensing unit market during the forecast period.”
China is the largest market for condensing units in the Asia Pacific region, in terms of value. It has emerged as one of the largest markets for condensing units, as the country’s government is supporting natural refrigerants in various applications, most importantly in room air conditioners, heat pumps, and commercial & industrial applications.

The Asia Pacific is expected to be the fastest-growing market for condensing units during the forecast period. The key growth driver for the global condensing unit market is the rising demand from the cold storage and warehousing industry.

Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 35 %, Tier 2 – 30%, Tier 3 – 35%
• By Designation: C level – 25%, Director level – 30%, Others – 45%
• By Region: Asia Pacific – 45%, North America – 30%, Europe – 20%, Middle East & Africa – 3%, South America – 2%

As a part of qualitative analysis, the research provides a comprehensive review of the major market drivers, restraints, and opportunities. It also discusses competitive strategies adopted by market players, such as Emerson Electric Company (US), Carrier Corporation(US), Danfoss (Denmark), GEA Group (Germany), Heatcraft Worldwide Refrigeration (US), and BITZER (Germany).
Research Coverage:

The report defines, segments, and projects the condensing unit market based on type, application, function, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers and opportunities. It also strategically profiles key players and comprehensively analyzes their market shares and core competencies. The report analyzes competitive developments, such as partnerships, contracts, and joint ventures; mergers & acquisitions; expansions; new product launches; and research & development activities undertaken by key players to achieve growth in the market.

Reasons to Buy the Report:
The report will help market leaders/new entrants in this market by providing them the closest approximations of revenue numbers for the overall condensing unit market and its subsegments. This report will help stakeholders better understand the competitive landscape and gain insights to better position their businesses and make suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide information on key market drivers, restraints, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • SCOPE OF THE STUDY
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • SIGNIFICANT OPPORTUNITIES IN THE CONDENSING UNIT MARKET
    • CONDENSING UNIT MARKET, BY REGION
    • ASIA PACIFIC CONDENSING UNIT MARKET, BY COUNTRY AND APPLICATION
    • CONDENSING UNIT MARKET, BY FUNCTION AND REGION
    • CONDENSING UNIT MARKET, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
        • Table FACTORS CONTRIBUTING TOWARD THE GROWING DEMAND FOR NATURAL REFRIGERANTS
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • MACROECONOMIC INDICATORS
      • COLD STORAGE CONSTRUCTION
        • Table COLD STORAGE CONSTRUCTION MARKET, BY REGION, 2014-2021 (MILLION CUBIC METERS)
      • MANUFACTURING
  • CONDENSING UNIT MARKET, BY TYPE
    • INTRODUCTION
      • Table CONDENSING UNIT MARKET SIZE, BY TYPE, 2015-2022 (USD BILLION)
      • Table CONDENSING UNIT MARKET SIZE, BY TYPE, 2015-2022 (THOUSAND UNITS)
    • AIR-COOLED CONDENSING UNIT
      • Table AIR-COOLED SEGMENT, BY REGION, 2015-2022 (USD BILLION)
      • Table AIR-COOLED SEGMENT, BY REGION, 2015-2022 (THOUSAND UNITS)
    • WATER-COOLED CONDENSING UNIT
      • Table WATER-COOLED SEGMENT, BY REGION, 2015-2022 (USD BILLION)
      • Table WATER-COOLED SEGMENT, BY REGION, 2015-2022 (THOUSAND UNITS)
    • EVAPORATIVE CONDENSING UNIT
      • Table EVAPORATIVE SEGMENT, BY REGION, 2015-2022 (USD MILLION)
      • Table EVAPORATIVE SEGMENT, BY REGION, 2015-2022 (UNITS)
  • CONDENSING UNIT MARKET, BY APPLICATION
    • INTRODUCTION
      • Table CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2015-2022 (USD BILLION)
      • Table CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
    • COMMERCIAL
      • Table COMMERCIAL SEGMENT, BY REGION, 2015-2022 (THOUSAND UNITS)
    • INDUSTRIAL
      • Table INDUSTRIAL SEGMENT, BY REGION, 2015-2022 (THOUSAND UNITS)
    • TRANSPORTATION
      • Table TRANSPORTATION SEGMENT, BY REGION, 2015-2022 (THOUSAND UNITS)
  • CONDENSING UNIT MARKET, BY FUNCTION
    • INTRODUCTION
      • Table CONDENSING UNIT MARKET: BREAKDOWN OF THE FUNCTION SEGMENT
      • Table CONDENSING UNIT MARKET SIZE, BY FUNCTION, 2015-2022 (USD BILLION)
      • Table CONDENSING UNIT MARKET SIZE, BY FUNCTION, 2015-2022 (THOUSAND UNITS)
    • AIR CONDITIONING
      • Table AIR CONDITIONING SEGMENT, BY REGION, 2015-2022 (THOUSAND UNITS)
    • REFRIGERATION
      • Table REFRIGERATION SEGMENT, BY REGION, 2015-2022 (THOUSAND UNITS)
    • HEAT PUMPS
      • Table HEAT PUMPS SEGMENT, BY REGION, 2015-2022 (THOUSAND UNITS)
  • CONDENSING UNIT MARKET, BY REGION
    • INTRODUCTION
      • Table CONDENSING UNIT MARKET, BY REGION, 2015-2022 (USD BILLION)
      • Table CONDENSING UNIT MARKET, BY REGION, 2015-2022 (THOUSAND UNITS)
    • ASIA PACIFIC
      • Table ASIA P ASIA PACIFIC: CONDENSING UNIT MARKET, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: CONDENSING UNIT MARKET, BY COUNTRY, 2015-2022 (THOUSAND UNITS)
      • Table ASIA PACIFIC: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • Table ASIA PACIFIC: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
      • Table ASIA PACIFIC: CONDENSING UNIT MARKET, BY FUNCTION, 2015-2022 (THOUSAND UNITS)
      • CHINA
        • Table CHINA: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table CHINA: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • JAPAN
        • Table JAPAN: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table JAPAN: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • INDIA
        • Table INDIA: CONDENSING UNIT MARKET SIZE, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table INDIA: CONDENSING UNIT MARKET SIZE, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • SOUTH KOREA
        • Table SOUTH KOREA: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table SOUTH KOREA: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • THAILAND
        • Table THAILAND: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table THAILAND: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • MALAYSIA
        • Table MALAYSIA: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table MALAYSIA: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • SINGAPORE
        • Table SINGAPORE: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table SINGAPORE: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • INDONESIA
        • Table INDONESIA: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table INDONESIA: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table REST OF ASIA PACIFIC: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
    • EUROPE
      • Table EUROPE: CONDENSING UNIT MARKET, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table EUROPE: CONDENSING UNIT MARKET, BY COUNTRY, 2015-2022 (THOUSAND UNITS)
      • Table EUROPE: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
      • Table EUROPE: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • Table EUROPE: CONDENSING UNIT MARKET, BY FUNCTION, 2015-2022 (THOUSAND UNITS)
      • GERMANY
        • Table GERMANY: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table GERMANY: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • UK
        • Table UK: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table UK: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • FRANCE
        • Table FRANCE: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table FRANCE: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • ITALY
        • Table ITALY: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table ITALY: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • SPAIN
        • Table SPAIN: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table SPAIN: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • REST OF EUROPE
        • Table REST OF EUROPE: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table REST OF EUROPE: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
    • NORTH AMERICA
      • Table NORTH AMERICA: CONDENSING UNIT MARKET, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: CONDENSING UNIT MARKET, BY COUNTRY, 2015-2022 (THOUSAND UNITS)
      • Table NORTH AMERICA: CONDENSING UNIT MARKET SIZE, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • Table NORTH AMERICA: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
      • Table NORTH AMERICA: CONDENSING UNIT MARKET, BY FUNCTION, 2015-2022 (THOUSAND UNITS)
      • US
        • Table US: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table US: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • CANADA
        • Table CANADA: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table CANADA: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • MEXICO
        • Table MEXICO: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table MEXICO: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: CONDENSING UNIT MARKET, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: CONDENSING UNIT MARKET, BY COUNTRY, 2015-2022 (THOUSAND UNITS)
      • Table MIDDLE EAST & AFRICA: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • Table MIDDLE EAST & AFRICA: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
      • Table MIDDLE EAST & AFRICA: CONDENSING UNIT MARKET, BY FUNCTION, 2015-2022 (THOUSAND UNITS)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table SAUDI ARABIA: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • TURKEY
        • Table TURKEY: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table TURKEY: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • EGYPT
        • Table EGYPT: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table EGYPT: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • REST OF MIDDLE EAST & AFRICA
        • Table REST OF MIDDLE EAST & AFRICA: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table REST OF MIDDLE EAST & AFRICA: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNIT)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: CONDENSING UNIT MARKET, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table SOUTH AMERICA: CONDENSING UNIT MARKET, BY COUNTRY, 2015-2022 (THOUSAND UNITS)
      • Table SOUTH AMERICA: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • Table SOUTH AMERICA: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
      • Table SOUTH AMERICA: CONDENSING UNIT MARKET, BY FUNCTION, 2015-2022 (THOUSAND UNITS)
      • BRAZIL
        • Table BRAZIL: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table BRAZIL: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • ARGENTINA
        • Table ARGENTINA: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table ARGENTINA: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • CHILE
        • Table CHILE: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table CHILE: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: CONDENSING UNIT MARKET, BY APPLICATION, 2015-2022 (THOUSAND UNITS)
        • Table REST OF SOUTH AMERICA: CONDENSING UNIT MARKET, BY TYPE, 2015-2022 (THOUSAND UNITS)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS
    • COMPETITIVE SITUATIONS & TRENDS
      • JOINT VENTURES
        • Table JOINT VENTURES, 2013 - 2018
      • EXPANSIONS
        • Table EXPANSIONS, 2013-2018
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2013 - 2018
      • ACQUISITIONS
        • Table ACQUISITIONS, 2013 - 2018
      • AGREEMENTS
        • Table AGREEMENTS, 2013 - 2018
  • COMPANY PROFILES
    • EMERSON ELECTRIC COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • CARRIER CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DANFOSS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • GEA GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • HEATCRAFT WORLDWIDE REFRIGERATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • VOLTAS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • BITZER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ADVANSOR
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BALTIMORE AIRCOIL COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • OFFICINE MARIO DORIN
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • SCM FRIGO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • OTHER LEADING PLAYERS
      • BLUE STAR
      • DAIKIN APPLIED
      • EVAPCO
      • FRASCOLD
      • FREEZEINDIA MANUFACTURING
      • HOWE CORPORATION
      • HUSSMANN CORPORATION
      • MTA
      • NATIONAL COMFORT PRODUCTS
      • PATTON
      • SAFE AIR TECHNOLOGY
      • SHANGHAI GENERAL FUSHI REFRIGERATION EQUIPMENT CO.
      • SHREE REFRIGERATIONS
      • TECUMSEH PRODUCTS COMPANY
      • ZANOTTI
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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