Global Condensing Unit Market Report 2018-2022 – Market to Reach $32.47 Billion Growing at a CAGR of 8.2%

DUBLIN, Feb. 28, 2018 /PRNewswire/ —

The “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” report has been added to ResearchAndMarkets.com’s offering.

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.

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.

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.

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).

Market Dynamics

Drivers

• Growth of End-Use Industries in Emerging Nations
• Improved Durability and Shelf Life Offered By Condensing Units

Restraints

• Stringent Environmental Regulations on Refrigerants/Gases Used in Condensing Units

Opportunities

• Technological Advancements Leading to Introduction of Efficient Condensing Units
• Increasing Demand for Natural Refrigerants

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Condensing Unit Market, by Type

7 Condensing Unit Market, by Application

8 Condensing Unit Market, by Function

9 Condensing Unit Market, by Region

10 Competitive Landscape

11 Company Profiles

• Advansor
• Baltimore Aircoil Company
• Bitzer
• Blue Star
• Carrier Corporation
• Daikin Applied
• Danfoss
• Emerson Electric Company
• Evapco
• Frascold
• Freezeindia Manufacturing
• GEA Group
• Heatcraft Worldwide Refrigeration
• Howe Corporation
• Hussmann Corporation
• MTA
• National Comfort Products
• Officine Mario Dorin
• Patton
• SCM Frigo
• Safe Air Technology
• Shanghai General Fushi Refrigeration Equipment Co.
• Shree Refrigerations
• Tecumseh Products Company
• Voltas
• Zanotti

For more information about this report visit https://www.researchandmarkets.com/research/wn9qbx/global_condensing?w=5

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-condensing-unit-market-report-2018-2022—market-to-reach-3247-billion-growing-at-a-cagr-of-82-300605714.html

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com