Evaporative Condensing Unit Market Report

Evaporative Condensing Unit Market Insights

Evaporative Condensing Unit market is likely to witness an impressive CAGR of 7.2% during the forecast period. The major factors contributing to the demand for evaporative condensing units are mainly the increasing industrial establishments, growth in various end-use industries such as food service, warehouses, and food processing in the emerging countries, and growing demand for advanced refrigeration systems.

Market Share Analysis

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Evaporative Condensing Unit Market Share: By End-Use Industry Type

Based on the end-use industry type, the market is segmented as commercial, power, and chemical. The commercial segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period as this type of condensing unit offers improved refrigeration and air conditioning systems.

Evaporative Condensing Unit Market Share: By Application Type

Based on the application type, the evaporative condensing unit market is segmented as refrigeration and air conditioning. The refrigeration segment dominates the market, as the demand for evaporative condensing units is growing, owing to the advancement in refrigeration technologies. Further, the burgeoning food processing & storage facility industry in the emerging economies is likely to bolster the demand for the evaporative condensing unit market in the refrigeration segment, during the forecast period.

Evaporative Condensing Unit Market Share: By Region

In terms of regions, North America is estimated to be the largest market for evaporative condensing units during the forecast period, owing to the increasing demand for evaporative condensing units from different manufacturing industries. On the other hand, triggered by the growing industrialization, the demand for multipurpose high-performance evaporative condensing units is increasing in The Middle East & Africa, which are expected to capture a substantial share of the market during the forecast period. Further, the dominance of chemical industries is contributing to the increasing demand for evaporative condensing units in the region.

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Some of the major evaporative condensing unit manufacturers are-

• Baltimore Aircoil Company, Inc.
• Evapco Inc.
• Johnson Controls Inc.
• SPX Corporation
• DECSA s.r.l
• Daikin Industries, Ltd.
• Técnicas Evaporativas, S.L.
• Daikin Industries, Ltd.
• Emerson Electric Company
• Heatcraft Worldwide Refrigeration
• Mammoth Inc.

Market Scope & Segmentation

Evaporative condensing units are special units which utilize heat rejection process by using the cooling effect of evaporation. Water is sprayed above the condensing coil while air is blown up through the coil from below, which causes lowering the condensing temperatures.

This report studies the market covering a period of 12 years of trend and forecast. 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.

The evaporative condensing unit market is segmented into the following categories. 

Evaporative Condensing Unit Market Size, Share, & Forecast, by End-Use Industry Type:

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

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

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

Evaporative Condensing Unit Market Size, Share, & Forecast, by Design Type:

• Combined Flow (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Counter Flow (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Induced Draft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Forced Draft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Evaporative 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)

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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 end-use industry 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 sales@stratviewresearch.com.