Condensing Unit Market worth $43.61 billion by 2030, growing at a CAGR of 6.87% - Exclusive Report by 360iResearch

The "Condensing Unit Market by Type (Air-Cooled, Evaporative, Water-Cooled), Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganics), Installation Type, Application, Operation - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Condensing Unit Market to grow from USD 27.37 billion in 2023 to USD 43.61 billion by 2030, at a CAGR of 6.87%.

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Condensing units are temperature-control devices used in air conditioners, chillers, heat pumps, and refrigerators to help condense the refrigerant and other substances from a gaseous state into a liquid state. Condensing units eliminate heat transfer from the gas or vapor to a fluid or surrounding air. Increasing demand for the retail sector and food services in emerging economies is driving the condensing unit market growth. In addition, the need for high durability and long life of perishable food items increases demand for condensing units. Furthermore, rising demand for energy-efficient advanced condensing units in industries including chemicals, oil & gas, HVAC, and construction contributes to market growth. Moreover, the high cost of installation & maintenance of condensing units and environmental rules on refrigerants or gasses utilized in compressing units limit the market growth. Technological advancements in developing efficient condensing units and increasing demand for advanced condensing units in industrial & commercial sectors in developing economies create opportunities for market growth.

The Americas has a highly developed infrastructure for the utilization of condensing units on a commercial and industrial basis. Adopting innovations in temperature control equipment, such as smart HVAC systems, connected refrigeration systems, and AI-enabled air conditioning systems, is expected to create demand for condensing units. The European region has stringent regulations for rated cooling capacity and type of refrigerants used in condensing units regarding environmental impact resulting from global warming. Customers increasingly prefer more technologically advanced condensing units due to improved efficiency and comfort levels. This shift in customer preferences has resulted in manufacturers investing heavily in research & development to develop more sophisticated products. The rising population and spending capacity of consumers in the Asia-Pacific region are increasing residential condensing unit utilization. Governments across many countries in the Asia-Pacific region have also put in place stringent energy efficiency regulations, which are driving the need for energy-efficient condensing units.

Market Segmentation & Coverage:

This research report categorizes the Condensing Unit Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Air-Cooled, Evaporative, and Water-Cooled. The Air-Cooled is further studied across Forced Convection and Natural Convection. The Water-Cooled is further studied across Double Tube, Shell & Coil Condenser, and Shell & Tube Condenser. The Water-Cooled commanded largest market share of 36.72% in 2023, followed by Evaporative.

Based on Refrigerant Type, market is studied across Fluorocarbons, Hydrocarbons, and Inorganics. The Fluorocarbons is further studied across HCFCs, HFCs, and HFOs. The Hydrocarbons is further studied across Isobutane and Propane. The Inorganics is further studied across Ammonia and Carbon Dioxide. The Hydrocarbons commanded largest market share of 37.08% in 2023, followed by Fluorocarbons.

Based on Installation Type, market is studied across New Installations and Retrofitting. The Retrofitting commanded largest market share of 60.17% in 2023, followed by New Installations.

Based on Application, market is studied across Commercial, Industrial, Residential, and Transportation. The Commercial is further studied across HVAC Condensers and Refrigeration. The Industrial is further studied across Marine Condensers and Process Condensers. The Industrial commanded largest market share of 49.68% in 2023, followed by Commercial.

Based on Operation, market is studied across Indoor and Outdoor. The Indoor commanded largest market share of 52.68% in 2023, followed by Outdoor.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.73% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Condensing Unit Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Condensing Unit Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Condensing Unit Market, highlighting leading vendors and their innovative profiles. These include Alfa Laval AB, Baltimore Aircoil Company, Bitzer Kühlmaschinenbau GmbH, Blue Star Limited, Carrier Global Corporation, Daikin Industries, Ltd., Danfoss Group, Dorin S.p.A., Dover Corporation, Emerson Electric Co., Evapco, Inc., FRASCOLD S.p.A., FreezeIndia Manufacturing Pvt. Ltd., GEA Group Aktiengesellschaft, Howe Corporation, KeepRite Refrigeration, Lennox International Inc., MTA S.p.A., Mueller Industries, Inc., National Comfort Products, Nidec Corporation, Panasonic Holdings Corporation, Prijai Heat Exchangers Pvt. Ltd., Sadguru Engineering, Safe Air Technology, SCM Frigo S.p.A., Shree Refrigerations Pvt. Ltd., Voltas Limited, XP Climate Control, LLC, and Zhejiang Beifeng Refrigeration Equipment Co. Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Condensing Unit Market, by Type
7. Condensing Unit Market, by Refrigerant Type
8. Condensing Unit Market, by Installation Type
9. Condensing Unit Market, by Application
10. Condensing Unit Market, by Operation
11. Americas Condensing Unit Market
12. Asia-Pacific Condensing Unit Market
13. Europe, Middle East & Africa Condensing Unit Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Condensing Unit Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Condensing Unit Market?
3. What is the competitive strategic window for opportunities in the Condensing Unit Market?
4. What are the technology trends and regulatory frameworks in the Condensing Unit Market?
5. What is the market share of the leading vendors in the Condensing Unit Market?
6. What modes and strategic moves are considered suitable for entering the Condensing Unit Market?

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