Global Condensing Unit Market Report By Type (Air-Cooled Condensing Unit, Water-Cooled Condensing Unit, Evaporative Condensing Unit), Application (Commercial Refrigeration, Industrial Refrigeration, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026

ID:VMR11210015
January 2020
Report Formats:

Rising demand for condensing units in air conditioners & refrigeration equipment, steam plants and other end-use industries are driving the market growth. Increasing commercial spaces such as offices, complexes, hotels, malls & others are also likely to foster the demand for condensing unit market. Moreover, shift in preference of consumers towards consumption of frozen food products along with rising disposable income are the factors driving the condensing unit market. 

As per the latest report added by Value Market Research, Global Condensing Unit Market was valued at USD 15.21 BN (by revenue) in 2017 and is anticipated to reach USD 28.10 BN by 2024 with a CAGR of 10.8%.
 
BY APPLICATION, COMMERCIAL REFRIGERATION DOMINATED THE SEGMENT
Commercial refrigeration led the application segment on account of increasing number of malls, hotels, offices and other commercial complexes. This segment is expected to reach at USD XX.X MN by the end of the year 2024.
 
AIR COOLED CONDENSING SYSTEM LED THE PRODUCT SEGMENT
Air-cooled condensing system has dominated product segment owing to wide scope in commercial application coupled with low setup & maintenance cost is driving the segment growth. Air-cooled condensing system is predicted to reach up to USD XX.X MN by the end of the year 2024. Moreover, the rising scarcity of water globally is another factor contributing in the growth of air-cooled condensing systems segment.
 
GEOGRAPHICALLY, APAC LED THE SEGMENT
Asia-Pacific has gained dominance over the regional segment owing to the growing consumption of frozen & chilled food products which require cold storage is the key driver driving the market growth. APAC is anticipated to reach up to USD XX.X MN by the end of the year 2024. Growing power, chemical & HVAC industries within the Asia-Pacific region is boosting the regional market growth.
 
KEY PLAYERS OF THE MARKET
Advansor A/S, Baltimore Aircoil Company, Inc., Bitzer Kühlmaschinenbau GmbH, Carrier Commercial Corporation, Danfoss GmbH, Emerson Electric Company, GEA Group, Heatcraft Worldwide Refrigeration, Officine Mario Dorin S.P.A. and SCM Frigo SPA are the prominent players of the condensing unit market.

As per this study, the Global Condensing Unit Market was valued at USD XX.XX BN (by revenue) in 2019 and is anticipated to reach USD XX.XX BN by 2026 with a CAGR of XX.X%. By volume, the market was estimated at XX.X K Units in 2019 and is expected to reach XX.X K Units by 2026 with a CAGR of X.X%.
 
A condensing unit is a combination of the compressor, refrigerants, pumps, fans, and tubing system to accomplish the flow of the refrigerant. Basically, the condensing unit uses a condensing medium such as air or water, in order to absorb heat from the vapor. Transfer of heat from vapor to the condensing medium leads to temperature falls to the saturation point, and it condenses to a liquid. The condensing units are of three types based on the condensing medium, namely air-cooled, water-cooled and evaporative (combination of air and water). In addition, they are widely adopted for use in the commercial, residential and industrial sector such as geothermal and other energy generation plants.

Market Dynamics
 
The changing food consumption trends coupled with the rapid growth of the frozen foods market is the most prominent factor fuelling the demand for condensing units.  Rising demand for storage of frozen foods leads to growth in commercial refrigeration equipment. This, in turn, will fuel the condensing unit market growth. In recent years, demand for frozen food has begun to grow, owing to changing consumer lifestyles and rising incomes that drive the expenditure on convenient food.
 
Increasing adoption of natural refrigerant followed by improvement in energy efficiency, growing food-processing industry in the developing countries are the factors driving market growth. Whereas, stringent environmental regulations on refrigerants/gases used in condensing units may hamper the market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of condensing unit.
 
Market Segmentation
 
The broad condensing unit market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Application Market Share 2017
 
Condensing Unit Market By Application
 
By Type

  • Air-Cooled Condensing Unit
  • Water-Cooled Condensing Unit
  • Evaporative Condensing Unit
 
By Application
  • Commercial Refrigeration
  • Industrial Refrigeration
  • Others
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for condensing unit in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Condensing Unit Market By Revenue (USD MN)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the condensing unit market includes Advansor A/S, Baltimore Aircoil Company, Inc., Bitzer Kühlmaschinenbau GmbH, Carrier Commercial Corporation, Danfoss GmbH, Emerson Electric Company, GEA Group, Heatcraft Worldwide Refrigeration, Officine Mario Dorin S.P.A., and SCM Frigo SPA. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Condensing Unit Market
       2.2. Global Condensing Unit Market Snapshot
 
3 . CONDENSING UNIT – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Condensing Unit Market
       3.3. Market Restraints of Condensing Unit Market
       3.4. Opportunities of Condensing Unit Market
       3.5. Trends of Condensing Unit Market
       3.6. Porter’s Five Force Analysis of Condensing Unit Market
       3.7. Condensing Unit Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Type
           3.7.2 Market Attractive Analysis by Application
           3.7.3 Market Attractive Analysis by Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Condensing Unit Value Chain Analysis
       4.2. Condensing Unit Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Condensing Unit Raw Material Manufactures List
           4.2.3. Price Trend of Condensing Unit Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . GLOBAL CONDENSING UNIT MARKET ANALYSIS BY TYPE
       5.1 Overview by Type
       5.2 Global Condensing Unit Market Analysis by Type
       5.3 Market Analysis of Air-Cooled Condensing Unit by Regions
       5.4 Market Analysis of Water-Cooled Condensing Unit by Regions
       5.5 Market Analysis of Evaporative Condensing Unit by Regions
 
6 . GLOBAL CONDENSING UNIT MARKET ANALYSIS BY APPLICATION
       6.1 Overview by Application
       6.2 Global Condensing Unit Market Analysis by Application
       6.3 Market Analysis of Commercial Refrigeration by Regions
       6.4 Market Analysis of Industrial Refrigeration by Regions
       6.5 Market Analysis of Others by Regions
 
7 . GLOBAL CONDENSING UNIT MARKET ANALYSIS BY GEOGRAPHY
       7.1. Regional Outlook
       7.2. Introduction
       7.3. North America
           7.3.1. Overview
           7.3.2. North America Condensing Unit Market Estimate by Market Segment
           7.3.3. North America Condensing Unit Market Estimate by Country
           7.3.4. United State
           7.3.5. Rest of North America
       7.4. Europe
           7.4.1. Overview
           7.4.2. Europe Condensing Unit Market Estimate by Market Segment
           7.4.3. Europe Condensing Unit Market Estimate by Country
           7.4.4. United Kingdom
           7.4.5. France
           7.4.6. Germany
           7.4.7 Rest of Europe
       7.5. Asia Pacific
           7.5.1. Overview
           7.5.2. Asia Pacific Condensing Unit Market Estimate by Market Segment
           7.5.3. Asia Pacific Condensing Unit Market Estimate by Country
           7.5.4. China
           7.5.5. Japan
           7.5.6. India
           7.5.7. Rest of Asia Pacific
       7.6. Latin America
           7.6.1. Overview
           7.6.2. Latin America Condensing Unit Market Estimate by Market Segment
           7.6.3. Latin America Condensing Unit Market Estimate by Country
           7.6.4. Brazil
           7.6.5. Rest of Latin America
       7.7. Middle East & Africa
           7.7.1. Overview
           7.7.2. Middle East & Africa Condensing Unit Market Estimate by Market Segment
           7.7.3. Middle East & Africa Condensing Unit Market Estimate by Country
           7.7.4. Middle East
           7.7.5. Africa
 
8 . COMPETITIVE LANDSCAPE OF THE CONDENSING UNIT COMPANIES
       8.1. Condensing Unit Market Competition
       8.2. Partnership/Collaboration/Agreement
       8.3. Merger And Acquisitions
       8.4. New Product Launch
       8.5. Other Developments
 
9 . COMPANY PROFILES OF CONDENSING UNIT INDUSTRY
       9.1. Company Share Analysis
       9.2. Market Concentration Rate
       9.3. Advansor A/S
           9.3.1. Company Overview
           9.3.2. Financials
           9.3.3. Products
           9.3.4. Recent Developments
       9.4. Baltimore Aircoil Company, Inc.
           9.4.1. Company Overview
           9.4.2. Financials
           9.4.3. Products
           9.4.4. Recent Developments
       9.5. Bitzer Kühlmaschinenbau GmbH
           9.5.1. Company Overview
           9.5.2. Financials
           9.5.3. Products
           9.5.4. Recent Developments
       9.6. Carrier Commercial Corporation
           9.6.1. Company Overview
           9.6.2. Financials
           9.6.3. Products
           9.6.4. Recent Developments
       9.7. Danfoss GmbH
           9.7.1. Company Overview
           9.7.2. Financials
           9.7.3. Products
           9.7.4. Recent Developments
       9.8. Emerson Electric Company
           9.8.1. Company Overview
           9.8.2. Financials
           9.8.3. Products
           9.8.4. Recent Developments
       9.9. GEA Group
           9.9.1. Company Overview
           9.9.2. Financials
           9.9.3. Products
           9.9.4. Recent Developments
       9.10. Heatcraft Worldwide Refrigeration
           9.10.1. Company Overview
           9.10.2. Financials
           9.10.3. Products
           9.10.4. Recent Developments
       9.11. Officine Mario Dorin S.P.A.
           9.11.1. Company Overview
           9.11.2. Financials
           9.11.3. Products
           9.11.4. Recent Developments
       9.12. SCM Frigo SPA
           9.12.1. Company Overview
           9.12.2. Financials
           9.12.3. Products
           9.12.4. Recent Developments
 
10.  IMPACT ANALYSIS OF COVID-19 OUTBREAK
       10.1. Impact Analysis of Covid-19 Outbreak on the Market
           10.1.1. Direct Impact on Production
           10.1.2. Supply Chain and Market Disruption
           10.1.3. Financial Impact on Firms and Financial Markets
       10.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       10.3. Pre V/S Post COVID-19 Market
       10.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Market Size in 2020, by Scenario
       10.5. COVID-19: Micro and Macro Factor Analysis on the Market
    
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
LIST OF TABLES 

  •  Global Market Snapshot
  •  Drivers of the Global Market Impact Analysis
  •  Restraints of the Global Market Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers 
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19 Market
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic On The Market Size In 2020, By Scenario
  •  COVID-19: Micro and Macro Factor Analysis on the Market
  •  Global Condensing Unit Market Analysis by Type (Units)
  •  Global Condensing Unit Market Analysis by Type (USD MN)
  •  Global Condensing Unit Market Analysis in Air-Cooled Condensing Unit by Geography (Units)
  •  Global Condensing Unit Market Analysis in Air-Cooled Condensing Unit by Geography (USD MN)
  •  Global Condensing Unit Market Analysis in Water-Cooled Condensing Unit by Geography (Units)
  •  Global Condensing Unit Market Analysis in Water-Cooled Condensing Unit by Geography (USD MN)
  •  Global Condensing Unit Market Analysis in Evaporative Condensing Unit by Geography (Units)
  •  Global Condensing Unit Market Analysis in Evaporative Condensing Unit by Geography (USD MN)
  •  Global Condensing Unit Market Analysis by Application (Units)
  •  Global Condensing Unit Market Analysis by Application (USD MN)
  •  Global Condensing Unit Market Analysis in Commercial Refrigeration by Geography (Units)
  •  Global Condensing Unit Market Analysis in Commercial Refrigeration by Geography (USD MN)
  •  Global Condensing Unit Market Analysis in Industrial Refrigeration by Geography (Units)
  •  Global Condensing Unit Market Analysis in Industrial Refrigeration by Geography (USD MN)
  •  Global Condensing Unit Market Analysis in Others by Geography (Units)
  •  Global Condensing Unit Market Analysis in Others by Geography (USD MN)
  •  Global Condensing Unit Market by Geography (Units)
  •  Global Condensing Unit Market by Geography (USD MN)
  •  North America Condensing Unit Market Analysis by Type (Units)
  •  North America Condensing Unit Market Analysis by Type (USD MN)
  •  North America Condensing Unit Market Estimate by Application (Units)
  •  North America Condensing Unit Market Estimate by Application (USD MN)
  •  North America Condensing Unit Market Estimate by Country (Units)
  •  North America Condensing Unit Market Estimate by Country (USD MN)
  •  United State Condensing Unit Market Analysis by Type (Units)
  •  United State Condensing Unit Market Analysis by Type (USD MN)
  •  United State Condensing Unit Market Estimate by Application (Units)
  •  United State Condensing Unit Market Estimate by Application (USD MN)
  •  Rest of North America Condensing Unit Market Analysis by Type (Units)
  •  Rest of North America Condensing Unit Market Analysis by Type (USD MN)
  •  Rest of North America Condensing Unit Market Estimate by Application (Units)
  •  Rest of North America Condensing Unit Market Estimate by Application (USD MN)
  •  Europe Condensing Unit Market Analysis by Type (Units)
  •  Europe Condensing Unit Market Analysis by Type (USD MN)
  •  Europe Condensing Unit Market Estimate by Application (Units)
  •  Europe Condensing Unit Market Estimate by Application (USD MN)
  •  Europe Condensing Unit Market Estimate by Country (Units)
  •  Europe Condensing Unit Market Estimate by Country (USD MN)
  •  United Kingdom Condensing Unit Market Analysis by Type (Units)
  •  United Kingdom Condensing Unit Market Analysis by Type (USD MN)
  •  United Kingdom Condensing Unit Market Estimate by Application (Units)
  •  United Kingdom Condensing Unit Market Estimate by Application (USD MN)
  •  France Condensing Unit Market Analysis by Type (Units)
  •  France Condensing Unit Market Analysis by Type (USD MN)
  •  France Condensing Unit Market Estimate by Application (Units)
  •  France Condensing Unit Market Estimate by Application (USD MN)
  •  Germany Condensing Unit Market Analysis by Type (Units)
  •  Germany Condensing Unit Market Analysis by Type (USD MN)
  •  Germany Condensing Unit Market Estimate by Application (Units)
  •  Germany Condensing Unit Market Estimate by Application (USD MN)
  •  Rest of Europe Condensing Unit Market Analysis by Type (Units)
  •  Rest of Europe Condensing Unit Market Analysis by Type (USD MN)
  •  Rest of Europe Condensing Unit Market Estimate by Application (Units)
  •  Rest of Europe Condensing Unit Market Estimate by Application (USD MN)
  •  Asia Pacific Condensing Unit Market Analysis by Type (Units)
  •  Asia Pacific Condensing Unit Market Analysis by Type (USD MN)
  •  Asia Pacific Condensing Unit Market Estimate by Application (Units)
  •  Asia Pacific Condensing Unit Market Estimate by Application (USD MN)
  •  Asia Pacific Condensing Unit Market Estimate by Country (Units)
  •  Asia Pacific Condensing Unit Market Estimate by Country (USD MN)
  •  China Condensing Unit Market Analysis by Type (Units)
  •  China Condensing Unit Market Analysis by Type (USD MN)
  •  China Condensing Unit Market Estimate by Application (Units)
  •  China Condensing Unit Market Estimate by Application (USD MN)
  •  Japan Condensing Unit Market Analysis by Type (Units)
  •  Japan Condensing Unit Market Analysis by Type (USD MN)
  •  Japan Condensing Unit Market Estimate by Application (Units)
  •  Japan Condensing Unit Market Estimate by Application (USD MN)
  •  India Condensing Unit Market Analysis by Type (Units)
  •  India Condensing Unit Market Analysis by Type (USD MN)
  •  India Condensing Unit Market Estimate by Application (Units)
  •  India Condensing Unit Market Estimate by Application (USD MN)
  •  Rest of Asia Pacific Condensing Unit Market Analysis by Type (Units)
  •  Rest of Asia Pacific Condensing Unit Market Analysis by Type (USD MN)
  •  Rest of Asia Pacific Condensing Unit Market Estimate by Application (Units)
  •  Rest of Asia Pacific Condensing Unit Market Estimate by Application (USD MN)
  •  Latin America Condensing Unit Market Analysis by Type (Units)
  •  Latin America Condensing Unit Market Analysis by Type (USD MN)
  •  Latin America Condensing Unit Market Estimate by Application (Units)
  •  Latin America Condensing Unit Market Estimate by Application (USD MN)
  •  Latin America Condensing Unit Market Estimate by Country (Units)
  •  Latin America Condensing Unit Market Estimate by Country (USD MN)
  •  Brazil Condensing Unit Market Analysis by Type (Units)
  •  Brazil Condensing Unit Market Analysis by Type (USD MN)
  •  Brazil Condensing Unit Market Estimate by Application (Units)
  •  Brazil Condensing Unit Market Estimate by Application (USD MN)
  •  Rest of Latin America Condensing Unit Market Analysis by Type (Units)
  •  Rest of Latin America Condensing Unit Market Analysis by Type (USD MN)
  •  Rest of Latin America Condensing Unit Market Estimate by Application (Units)
  •  Rest of Latin America Condensing Unit Market Estimate by Application (USD MN)
  •  Middle East & Africa Condensing Unit Market Analysis by Type (Units)
  •  Middle East & Africa Condensing Unit Market Analysis by Type (USD MN)
  •  Middle East & Africa Condensing Unit Market Estimate by Application (Units)
  •  Middle East & Africa Condensing Unit Market Estimate by Application (USD MN)
  •  Middle East & Africa Condensing Unit Market Estimate by Country (Units)
  •  Middle East & Africa Condensing Unit Market Estimate by Country (USD MN)
  •  Middle East Condensing Unit Market Analysis by Type (Units)
  •  Middle East Condensing Unit Market Analysis by Type (USD MN)
  •  Middle East Condensing Unit Market Estimate by Application (Units)
  •  Middle East Condensing Unit Market Estimate by Application (USD MN)
  •  Africa Condensing Unit Market Analysis by Type (Units)
  •  Africa Condensing Unit Market Analysis by Type (USD MN)
  •  Africa Condensing Unit Market Estimate by Application (Units)
  •  Africa Condensing Unit Market Estimate by Application (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Condensing Unit Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Condensing Unit Market Size, by Region (2019)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Type
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Condensing Unit Market Analysis by Type
  •  Global Condensing Unit Market Analysis in Air-Cooled Condensing Unit by Region
  •  Global Condensing Unit Market Analysis in Water-Cooled Condensing Unit by Region
  •  Global Condensing Unit Market Analysis in Evaporative Condensing Unit by Region
  •  Global Condensing Unit Market Analysis by Application
  •  Global Condensing Unit Market Analysis in Commercial Refrigeration by Region
  •  Global Condensing Unit Market Analysis in Industrial Refrigeration by Region
  •  Global Condensing Unit Market Analysis in Others by Region
  •  Global Condensing Unit Market by Volume And Revenue
  •  North America Condensing Unit Market by Volume And Revenue
  •  Europe Condensing Unit Market by Volume And Revenue
  •  Asia Pacific Condensing Unit Market by Volume And Revenue
  •  Latin America Condensing Unit Market by Volume And Revenue
  •  Middle East & Africa Condensing Unit Market by Volume And Revenue
  •  Recent Development in Condensing Unit Industry
  •  Company Market Share Analysis, 2019
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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