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, 2020-2027

ID:VMR11210015
April 2021
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 BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2027 with a CAGR of XX%. By volume, the market was estimated at XX K Units in 2021 and is expected to reach XX K Units by 2027 with a CAGR of XX%.
 
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 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.
 
Global Condensing Unit Market Share by Region (Representative Graph)
 
Global Condensing Unit Market Share
 
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 Market
       2.2. Global Market Snapshot
 
3 . CONDENSING UNIT – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Type
           3.7.2 By Application
           3.7.3 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of 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 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL CONDENSING UNIT MARKET ANALYSIS BY TYPE
       6.1 Overview by Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Type
       6.4 Air-Cooled Condensing Unit Market by Regions
       6.5 Water-Cooled Condensing Unit Market by Regions
       6.6 Evaporative Condensing Unit Market by Regions
 
7 . GLOBAL CONDENSING UNIT MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Commercial Refrigeration Market by Regions
       7.5 Industrial Refrigeration Market by Regions
       7.6 Others Market by Regions
 
8 . GLOBAL CONDENSING UNIT MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
 
9 . COMPETITIVE LANDSCAPE OF THE CONDENSING UNIT COMPANIES
       9.1. Condensing Unit Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF CONDENSING UNIT INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Advansor A/S
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Baltimore Aircoil Company, Inc.
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Bitzer Kühlmaschinenbau GmbH
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Carrier Commercial Corporation
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. Danfoss GmbH
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Emerson Electric Company
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. GEA Group
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Heatcraft Worldwide Refrigeration
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. Officine Mario Dorin S.P.A.
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. SCM Frigo SPA
           10.12.1. Company Overview
           10.12.2. Financials
           10.12.3. Products
           10.12.4. Recent Developments
 
 *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

  • Market Snapshot
  • Drivers : Impact Analysis
  • Restraints : 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
  • Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  • COVID-19: Micro and Macro Factor Analysis
  • Analysis by Type (K Units and USD MN)
  • Air-Cooled Condensing Unit Market by Geography (K Units and USD MN)
  • Water-Cooled Condensing Unit Market by Geography (K Units and USD MN)
  • Evaporative Condensing Unit Market by Geography (K Units and USD MN)
  • Analysis Market by Application (K Units and USD MN)
  • Commercial Refrigeration Market by Geography (K Units and USD MN)
  • Industrial Refrigeration Market by Geography (K Units and USD MN)
  • Others Market by Geography (K Units and USD MN)
  • Global Condensing Unit Market by Geography (K Units and USD MN)
  • North America Market Analysis (K Units and USD MN)
  • United State Market Analysis (K Units and USD MN)
  • Canada Market Analysis (K Units and USD MN)
  • Mexico Market Analysis (K Units and USD MN)
  • Europe Market Analysis (K Units and USD MN)
  • Europe Market Estimate by Country (K Units and USD MN)
  • United Kingdom Market Analysis (K Units and USD MN)
  • France Market Analysis (K Units and USD MN)
  • Germany Market Analysis (K Units and USD MN)
  • Italy Market Analysis (K Units and USD MN)
  • Russia Market Analysis (K Units and USD MN)
  • Spain Market Analysis (K Units and USD MN)
  • Rest of Europe Market Analysis (K Units and USD MN)
  • Asia Pacific Market Analysis (K Units and USD MN)
  • China Market Analysis (K Units and USD MN)
  • Japan Market Analysis (K Units and USD MN)
  • India Market Analysis (K Units and USD MN)
  • South Korea Market Analysis (K Units and USD MN)
  • Australia Market Analysis (K Units and USD MN)
  • Rest of Asia Pacific Market Analysis (K Units and USD MN)
  • Latin America Market Analysis (K Units and USD MN)
  • Brazil Market Analysis (K Units and USD MN)
  • Argentina Market Analysis (K Units and USD MN)
  • Peru Market Analysis (K Units and USD MN)
  • Chile Market Analysis (K Units and USD MN)
  • Rest of Latin America Market Analysis (K Units and USD MN)
  • Middle East & Africa Market Analysis (K Units and USD MN)
  • Saudi Arabia Market Analysis (K Units and USD MN)
  • UAE Market Analysis (K Units and USD MN)
  • Israel Market Analysis (K Units and USD MN)
  • South Africa Market Analysis (K Units and USD MN)
  • Rest of Middle East and Africa Market Analysis (K Units and 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 (K Units and USD MN)
  • Porters Five Forces Analysis
  • Market Attractiveness Analysis by Type
  • Market Attractiveness Analysis by Application
  • Market Attractiveness Analysis by Region
  • Value Chain Analysis
  • Global Market Analysis by Type (K Units and USD MN)
  • Air-Cooled Condensing Unit Market by Geography (K Units and USD MN)
  • Water-Cooled Condensing Unit Market by Geography (K Units and USD MN)
  • Evaporative Condensing Unit Market by Geography (K Units and USD MN)
  • Global Market Analysis by Application (K Units and USD MN)
  • Commercial Refrigeration Market by Geography (K Units and USD MN)
  • Industrial Refrigeration Market by Geography (K Units and USD MN)
  • Others Market by Geography (K Units and USD MN)
  • Global Market by Revenue
  • North America Market by Revenue
  • Europe Market by Revenue
  • Asia Pacific Market by Revenue
  • Latin America Market by Revenue
  • Middle East & Africa Market by Revenue
  • Recent Development in Industry
  • Company Market Share Analysis, 2020
 
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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