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

  • ID: 4466014
  • Report
  • Region: Global
  • 145 Pages
  • Markets and Markets
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Global Condensing Unit Market 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%

FEATURED COMPANIES

  • Advansor
  • Carrier Corporation
  • Evapco
  • Howe Corporation
  • Officine Mario Dorin
  • Shree Refrigerations
  • MORE

"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.

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FEATURED COMPANIES

  • Advansor
  • Carrier Corporation
  • Evapco
  • Howe Corporation
  • Officine Mario Dorin
  • Shree Refrigerations
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Significant Opportunities in the Condensing Unit Market
    4.2 Condensing Unit Market, By Region
    4.3 Asia Pacific Condensing Unit Market, By Country and Application
    4.4 Condensing Unit Market, By Function and Region
    4.5 Condensing Unit Market, By Country

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growth of End-Use Industries in Emerging Nations
                    5.2.1.2 Improved Durability and Shelf Life Offered By Condensing Units
           5.2.2 Restraints
                    5.2.2.1 Stringent Environmental Regulations on Refrigerants/Gases Used in Condensing Units
           5.2.3 Opportunities
                    5.2.3.1 Technological Advancements Leading to Introduction of Efficient Condensing Units
                    5.2.3.2 Increasing Demand for Natural Refrigerants
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Bargaining Power of Suppliers
           5.3.3 Threat of Substitutes
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Indicators
           5.4.1 Cold Storage Construction
           5.4.2 Manufacturing

6 Condensing Unit Market, By Type
    6.1 Introduction
    6.2 Air-Cooled Condensing Unit
    6.3 Water-Cooled Condensing Unit
    6.4 Evaporative Condensing Unit

7 Condensing Unit Market, By Application
    7.1 Introduction
    7.2 Commercial
    7.3 Industrial
    7.4 Transportation

8 Condensing Unit Market, By Function
    8.1 Introduction
    8.2 Air Conditioning
    8.3 Refrigeration
    8.4 Heat Pumps

9 Condensing Unit Market, By Region
    9.1 Introduction
    9.2 Asia Pacific
           9.2.1 China
           9.2.2 Japan
           9.2.3 India
           9.2.4 South Korea
           9.2.5 Thailand
           9.2.6 Malaysia
           9.2.7 Singapore
           9.2.8 Indonesia
           9.2.9 Rest of Asia Pacific
    9.3 Europe
           9.3.1 Germany
           9.3.2 UK
           9.3.3 France
           9.3.4 Italy
           9.3.5 Spain
           9.3.6 Rest of Europe
    9.4 North America
           9.4.1 US
           9.4.2 Canada
           9.4.3 Mexico
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
           9.5.2 Turkey
           9.5.3 Egypt
           9.5.4 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Chile
           9.6.4 Rest of South America

10 Competitive Landscape
     10.1 Overview
     10.2 Market Ranking Analysis
     10.3 Competitive Situations & Trends
             10.3.1 Joint Ventures
             10.3.2 Expansions
             10.3.3 New Product Launches
             10.3.4 Acquisitions
             10.3.5 Agreements

11 Company Profiles
Business Overview, Products Offered, Recent Developments, SWOT Analysis, View
     11.1 Emerson Electric Company
     11.2 Carrier Corporation
     11.3 Danfoss
     11.4 GEA Group
     11.5 Heatcraft Worldwide Refrigeration
     11.6 Voltas
     11.7 Bitzer
     11.8 Advansor
     11.9 Baltimore Aircoil Company
     11.10 Officine Mario Dorin
     11.11 SCM Frigo
     11.12 Other Leading Players
             11.12.1 Blue Star
             11.12.2 Daikin Applied
             11.12.3 Evapco
             11.12.4 Frascold
             11.12.5 Freezeindia Manufacturing
             11.12.6 Howe Corporation
             11.12.7 Hussmann Corporation
             11.12.8 MTA
             11.12.9 National Comfort Products
             11.12.10 Patton
             11.12.11 Safe Air Technology
             11.12.12 Shanghai General Fushi Refrigeration Equipment Co.
             11.12.13 Shree Refrigerations
             11.12.14 Tecumseh Products Company
             11.12.15 Zanotti

*Details Might Not Be Captured in Case of Unlisted Companies.

List of Tables
Table 1 Factors Contributing Toward the Growing Demand for Natural Refrigerants
Table 2 Cold Storage Construction Market, By Region, 2014-2021 (Million Cubic Meters)
Table 3 Condensing Unit Market Size, By Type, 2015-2022 (USD Billion)
Table 4 Condensing Unit Market Size, By Type, 2015-2022 (Thousand Units)
Table 5 Air-Cooled Segment, By Region, 2015-2022 (USD Billion)
Table 6 Air-Cooled Segment, By Region, 2015-2022 (Thousand Units)
Table 7 Water-Cooled Segment, By Region, 2015-2022 (USD Billion)
Table 8 Water-Cooled Segment, By Region, 2015-2022 (Thousand Units)
Table 9 Evaporative Segment, By Region, 2015-2022 (USD Million)
Table 10 Evaporative Segment, By Region, 2015-2022 (Units)
Table 11 Condensing Unit Market Size, By Application, 2015-2022 (USD Billion)
Table 12 Condensing Unit Market Size, By Application, 2015-2022 (Thousand Units)
Table 13 Commercial Segment, By Region, 2015-2022 (Thousand Units)
Table 14 Industrial Segment, By Region, 2015-2022 (Thousand Units)
Table 15 Transportation Segment, By Region, 2015-2022 (Thousand Units)
Table 16 Condensing Unit Market: Breakdown of the Function Segment
Table 17 Condensing Unit Market Size, By Function, 2015-2022 (USD Billion)
Table 18 Condensing Unit Market Size, By Function, 2015-2022 (Thousand Units)
Table 19 Air Conditioning Segment, By Region, 2015-2022 (Thousand Units)
Table 20 Refrigeration Segment, By Region, 2015-2022 (Thousand Units)
Table 21 Heat Pumps Segment, By Region, 2015-2022 (Thousand Units)
Table 22 Condensing Unit Market, By Region, 2015-2022 (USD Billion)
Table 23 Condensing Unit Market, By Region, 2015-2022 (Thousand Units)
Table 24 Asia P Asia Pacific: Condensing Unit Market, By Country, 2015-2022 (USD Million)
Table 25 Asia Pacific: Condensing Unit Market, By Country, 2015-2022 (Thousand Units)
Table 26 Asia Pacific: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 27 Asia Pacific: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 28 Asia Pacific: Condensing Unit Market, By Function, 2015-2022 (Thousand Units)
Table 29 China: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 30 China: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 31 Japan: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 32 Japan: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 33 India: Condensing Unit Market Size, By Application, 2015-2022 (Thousand Units)
Table 34 India: Condensing Unit Market Size, By Type, 2015-2022 (Thousand Units)
Table 35 South Korea: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 36 South Korea: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 37 Thailand: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 38 Thailand: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 39 Malaysia: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 40 Malaysia: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 41 Singapore: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 42 Singapore: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 43 Indonesia: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 44 Indonesia: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 45 Rest of Asia Pacific: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 46 Rest of Asia Pacific: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 47 Europe: Condensing Unit Market, By Country, 2015-2022 (USD Million)
Table 48 Europe: Condensing Unit Market, By Country, 2015-2022 (Thousand Units)
Table 49 Europe: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 50 Europe: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 51 Europe: Condensing Unit Market, By Function, 2015-2022 (Thousand Units)
Table 52 Germany: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 53 Germany: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 54 UK: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 55 UK: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 56 France: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 57 France: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 58 Italy: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 59 Italy: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 60 Spain: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 61 Spain: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 62 Rest of Europe: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 63 Rest of Europe: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 64 North America: Condensing Unit Market, By Country, 2015-2022 (USD Million)
Table 65 North America: Condensing Unit Market, By Country, 2015-2022 (Thousand Units)
Table 66 North America: Condensing Unit Market Size, By Type, 2015-2022 (Thousand Units)
Table 67 North America: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 68 North America: Condensing Unit Market, By Function, 2015-2022 (Thousand Units)
Table 69 US: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 70 US: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 71 Canada: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 72 Canada: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 73 Mexico: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 74 Mexico: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 75 Middle East & Africa: Condensing Unit Market, By Country, 2015-2022 (USD Million)
Table 76 Middle East & Africa: Condensing Unit Market, By Country, 2015-2022 (Thousand Units)
Table 77 Middle East & Africa: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 78 Middle East & Africa: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 79 Middle East & Africa: Condensing Unit Market, By Function, 2015-2022 (Thousand Units)
Table 80 Saudi Arabia: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 81 Saudi Arabia: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 82 Turkey: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 83 Turkey: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 84 Egypt: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 85 Egypt: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 86 Rest of Middle East & Africa: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 87 Rest of Middle East & Africa: Condensing Unit Market, By Type, 2015-2022 (Thousand Unit)
Table 88 South America: Condensing Unit Market, By Country, 2015-2022 (USD Million)
Table 89 South America: Condensing Unit Market, By Country, 2015-2022 (Thousand Units)
Table 90 South America: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 91 South America: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 92 South America: Condensing Unit Market, By Function, 2015-2022 (Thousand Units)
Table 93 Brazil: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 94 Brazil: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 95 Argentina: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 96 Argentina: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 97 Chile: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 98 Chile: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 99 Rest of South America: Condensing Unit Market, By Application, 2015-2022 (Thousand Units)
Table 100 Rest of South America: Condensing Unit Market, By Type, 2015-2022 (Thousand Units)
Table 101 Joint Ventures, 2013 - 2018
Table 102 Expansions, 2013-2018
Table 103 New Product Launches, 2013 - 2018
Table 104 Acquisitions, 2013 - 2018
Table 105 Agreements, 2013 - 2018

List of Figures
Figure 1 Condensing Unit Market Segmentation
Figure 2 Condensing Unit Market: Research Design
Figure 3 Condensing Unit Market: Data Triangulation
Figure 4 Air-Cooled Condensing Unit Segment to Dominate the Condensing Unit Market Between 2017 and 2022
Figure 5 Industrial Segment to Register the Highest CAGR Between 2017 and 2022
Figure 6 Air-Conditioning Segment to Dominate the Condensing Unit Market Between 2017 and 2022
Figure 7 Asia Pacific Estimated to Be the Largest Market Between 2017 and 2022
Figure 8 Condensing Unit Market to Witness Moderate Growth Between 2017 and 2022
Figure 9 Middle East & Africa Market Projected to Grow at the Highest Rate During the Forecast Period
Figure 10 Industrial Application Segment Estimated to Dominate the Asia Pacific Condensing Unit Market in 2017
Figure 11 Air Conditioning Segment Estimated to Lead in All Regions in 2017
Figure 12 US Projected to Lead the Condensing Unit Market Between 2017 and 2022
Figure 13 Overview of the Factors Influencing the Condensing Unit Market
Figure 14 Global Retail Sales, 2014 and 2018 (USD Trillion)
Figure 15 Manufacturing Industry Growth Rate in 2015 (%)
Figure 16 Air-Cooled Type Segment Estimated to Lead the Condensing Unit Market During the Forecast Period
Figure 17 Industrial Segment Estimated to Grow at the Highest CAGR During the Forecast Period
Figure 18 Air Conditioning Segment Expected to Dominate the Condensing Unit Market During the Forecast Period
Figure 19 Asia Pacific to Lead the Air Conditioning Segment Till 2022
Figure 20 Asia Pacific to Lead the Refrigeration Segment Till 2022
Figure 21 Europe Expected to Lead the Heat Pumps Segment Till 2022
Figure 22 Condensing Unit Market Regional Snapshot (2017-2022): Chile, India, and Egypt are Emerging as Strategic Locations
Figure 23 Asia Pacific Condensing Unit Market Snapshot
Figure 24 Europe Condensing Unit Market Snapshot
Figure 25 North America Condensing Unit Market Snapshot
Figure 26 Middle East & Africa Market Snapshot
Figure 27 South America Condensing Unit Market Snapshot
Figure 28 Companies Primarily Adopted Organic Growth Strategies Between 2013 and 2018
Figure 29 Market Ranking Analysis of Top 10 Players, 2016
Figure 30 Emerson Electric Company: Company Snapshot
Figure 31 Danfoss: Company Snapshot
Figure 32 GEA Group: Company Snapshot
Figure 33 Voltas: Company Snapshot

Note: Product cover images may vary from those shown
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  • 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
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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