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Condensing Unit Trends and Forecast
The future of the global condensing unit market looks promising with opportunities in the industrial, commercial, and transportation markets. The global condensing unit market is expected to reach an estimated $65.5 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are growing need for condensing units in developing countriesÄX%$%X commercial and industrial sectors, increasing focus towards energy efficiency, and rise in the e-commerce industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Condensing Unit by Segment
The study includes a forecast for the global condensing unit by type, function, refrigerant type, application, and region.
Condensing Unit Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Air-Cooled
• Water-Cooled
Condensing Unit Market by Function [Shipment Analysis by Value from 2018 to 2030]:
• Air Conditioning
• Refrigeration
• Heat Pumps
Condensing Unit Market by Refrigerant Type [Shipment Analysis by Value from 2018 to 2030]:
• Fluorocarbons
• Hydrocarbons
• Inorganics
Condensing Unit Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Industrial
• Commercial
• Transportation
• Others
Condensing Unit Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Condensing Unit Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies condensing unit companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the condensing unit companies profiled in this report include-
• Baltimore Aircoil Company
• Bitzer
• Blue Star Limited
• Carrier Global
• Daikin Industries
• Danfoss
• Dorin
• Emerson Electric
• Heatcraft Worldwide Refrigeration
• Hussmann
Condensing Unit Market Insights
Lucintel forecasts that air cooled will remain the larger segment over the forecast period because of its portability and simplicity of installation, growing demand for energy-efficient cooling solutions across a variety of industries, as well as, low running costs, and low maintenance requirements.
APAC is expected to witness highest growth over the forecast period due to enhanced collaboration and investment in the condensing unit market in this region.
Features of the Global Condensing Unit Market
Market Size Estimates: Condensing unit market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Condensing unit market size by various segments, such as by type, function, refrigerant type, application, and region in terms of value ($B).
Regional Analysis: Condensing unit market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, function, refrigerant type, application, and regions for the condensing unit market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the condensing unit market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the condensing unit market size?
Answer: The global condensing unit market is expected to reach an estimated $65.5 billion by 2030.
Q.2 What is the growth forecast for condensing unit market?
Answer: The global condensing unit market is expected to grow with a CAGR of 7.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the condensing unit market?
Answer: The major drivers for this market are growing need for condensing units in developing countriesÄX%$%X commercial and industrial sectors, increasing focus towards energy efficiency, and rise in the e-commerce industry.
Q4. What are the major segments for condensing unit market?
Answer: The future of the global condensing unit market looks promising with opportunities in the industrial, commercial, and transportation markets.
Q5. Who are the key condensing unit market companies?
Answer: Some of the key condensing unit companies are as follows:
• Baltimore Aircoil Company
• Bitzer
• Blue Star Limited
• Carrier Global
• Daikin Industries
• Danfoss
• Dorin
• Emerson Electric
• Heatcraft Worldwide Refrigeration
• Hussmann
Q6. Which condensing unit market segment will be the largest in future?
Answer: Lucintel forecasts that air cooled will remain the larger segment over the forecast period because of its portability and simplicity of installation, growing demand for energy-efficient cooling solutions across a variety of industries, as well as, low running costs, and low maintenance requirements.
Q7. In condensing unit market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to enhanced collaboration and investment in the condensing unit market in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the condensing unit market by type (air-cooled and water-cooled), function (air conditioning, refrigeration, and heat pumps), refrigerant type (fluorocarbons, hydrocarbons, and inorganics), application (industrial, commercial, transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Condensing Unit Market, Condensing Unit Market Size, Condensing Unit Market Growth, Condensing Unit Market Analysis, Condensing Unit Market Report, Condensing Unit Market Share, Condensing Unit Market Trends, Condensing Unit Market Forecast, Condensing Unit Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Condensing Unit Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Condensing Unit Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Condensing Unit Market by Type
3.3.1: Air-Cooled
3.3.2: Water-Cooled
3.4: Global Condensing Unit Market by Function
3.4.1: Air Conditioning
3.4.2: Refrigeration
3.4.3: Heat Pumps
3.5: Global Condensing Unit Market by Refrigerant Type
3.5.1: Fluorocarbons
3.5.2: Hydrocarbons
3.5.3: Inorganics
3.6: Global Condensing Unit Market by Application
3.6.1: Industrial
3.6.2: Commercial
3.6.3: Transportation
3.6.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Condensing Unit Market by Region
4.2: North American Condensing Unit Market
4.2.2: North American Condensing Unit Market by Application: Industrial, Commercial, Transportation, and Others
4.3: European Condensing Unit Market
4.3.1: European Condensing Unit Market by Type: Air-Cooled and Water-Cooled
4.3.2: European Condensing Unit Market by Application: Industrial, Commercial, Transportation, and Others
4.4: APAC Condensing Unit Market
4.4.1: APAC Condensing Unit Market by Type: Air-Cooled and Water-Cooled
4.4.2: APAC Condensing Unit Market by Application: Industrial, Commercial, Transportation, and Others
4.5: ROW Condensing Unit Market
4.5.1: ROW Condensing Unit Market by Type: Air-Cooled and Water-Cooled
4.5.2: ROW Condensing Unit Market by Application: Industrial, Commercial, Transportation, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Condensing Unit Market by Type
6.1.2: Growth Opportunities for the Global Condensing Unit Market by Function
6.1.3: Growth Opportunities for the Global Condensing Unit Market by Refrigerant Type
6.1.4: Growth Opportunities for the Global Condensing Unit Market by Application
6.1.5: Growth Opportunities for the Global Condensing Unit Market by Region
6.2: Emerging Trends in the Global Condensing Unit Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Condensing Unit Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Condensing Unit Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Baltimore Aircoil Company
7.2: Bitzer
7.3: Blue Star Limited
7.4: Carrier Global
7.5: Daikin Industries
7.6: Danfoss
7.7: Dorin
7.8: Emerson Electric
7.9: Heatcraft Worldwide Refrigeration
7.10: Hussmann
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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