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    Condensing Unit Market | Market Size, Share & Forecast Analysis | Covid-19 Impact Analysis

    Condensing Unit Market | Market Size, Share & Forecast Analysis | Covid-19 Impact Analysis

    Condensing Unit Market | Market Size, Share & Forecast Analysis | Covid-19 Impact Analysis
    Report code - SRCG129 Delivery - 2 Weeks
    Condensing Unit Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Condensing Unit Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Condensing Unit Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Condensing Unit Market Insights

    Condensing unit market is likely to witness an impressive CAGR of 8.2% during the forecast period. The prime factor bolstering the growth of the market for condensing unit is its growing demand majorly from the food production and services.

    Condensing Unit Market – Snapshot

    Growth

    8.2% for the next five years

    Dominant Application Type

    Industrial

    Key Compressor Type

    Reciprocating Compressors

    Major Product Type

    Air-Cooled Condensing Unit

    Dominant Function Type

    Air Conditioning

    Region with the highest demand

    Asia-Pacific

    Key Players

    Emerson Electric Co., Carrier Global Corporation, Danfoss,                       GEA Group Aktiengesellschaft, Heatcraft Refrigeration Products LLC,         Voltas Limited, Bitzer SE, Advansor A/S, and Baltimore Aircoil      Company.

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    Market Share Analysis

    Condensing Unit Market Share: By Application Type

    Based on the application type, the market is segmented as commercial, industrial, and transportation. The industrial segment is projected to maintain its dominance over the forecast period owing to the rising demand from various application areas, such as retail stores, power plants, hospitals, dairy cabinets, cooling systems, and cryogenic containers.

    Condensing Unit Market Share: By Product Type

    Based on the product type, the market is segmented as air-cooled condensing unit, water-cooled condensing unit, and evaporative condensing unit. The air-cooled condensing unit segment is projected to maintain its leading position over the forecast period as it offers easy installation and low maintenance.

    Condensing Unit Market Share: By Region

    In terms of regions, Asia-Pacific is projected to be the largest market. The Asia-Pacific’s market is expected to grow with a lucrative CAGR due to the growing population, expanding food product and services coupled with growing investments in chemicals & petrochemicals. China and India are the growth engines of the region.

    Some of the major players in the condensing unit market are

    • Emerson Electric Co.
    • Carrier Global Corporation
    • Danfoss
    • GEA Group Aktiengesellschaft
    • Heatcraft Refrigeration Products LLC
    • Voltas Limited
    • Bitzer SE
    • Advansor A/S
    • Baltimore Aircoil Company

     

    Market Scope & Segmentation

    Condensing units are devices used to regulate temperature in air conditioners, refrigerators, heat pumps and chillers. Condensing units work with the help of refrigerant to control the temperature.

    The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Condensing Unit Market Research Report – Features

    Market Segmentation

    6

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    9

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    The condensing unit market is segmented into the following categories. 

    Condensing Unit Market Size, Share, & Forecast, by Application Type:

    • Commercial  (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transportation  (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Condensing Unit Market Size, Share, & Forecast, by Compressor Type:

    • Reciprocating Compressors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Screw Compressors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rotary Compressors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Condensing Unit Market Size, Share, & Forecast, by Product Type:

    • Air-Cooled Condensing Unit (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Water-Cooled Condensing Unit (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Evaporative Condensing Unit (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Condensing Unit Market Size, Share, & Forecast, by Function Type:

    • Air Conditioning (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Refrigeration (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Heat Pumps (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Condensing Unit Market Size, Share, & Forecast, by Refrigerant Type:

    • Fluorocarbons
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Refrigerant Type Analysis: HCFCS, HFCS, and HFOS)
    • Hydrocarbons
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Refrigerant Type Analysis: Isobutane, Propane, and Others)
    • Inorganics
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Refrigerant Type Analysis: Ammonia, CO2, and Others)

    Condensing Unit Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the application types by compressor type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Condensing Unit Market in the foreseeable years?

    The Condensing Unit Market is projected to grow at a healthy CAGR of 8.2% in the foreseeable years.

    Which type of application is expected to remain dominant in the Condensing Unit Market?

    The industrial segment is expected to remain the most dominant application type in the condensing unit market during the next five years.

    Which country/region is expected to remain the largest Condensing Unit Market?

    Asia-Pacific is expected to remain the largest market for condensing units in the coming five years.

    Who are the key players in the Condensing Unit Market?

    Emerson Electric Co., Carrier Global Corporation, Danfoss, GEA Group Aktiengesellschaft, Heatcraft Refrigeration Products LLC, Voltas Limited, Bitzer SE, Advansor A/S, and Baltimore Aircoil Company are among the key players in the Condensing Unit Market.

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