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    Evaporative Condensing Unit Market | Covid-19 Impact Analysis

    Evaporative Condensing Unit Market | Covid-19 Impact Analysis

    Evaporative Condensing Unit Market | Covid-19 Impact Analysis
    Report code - SRCE157 Delivery - 2 Weeks
    Evaporative Condensing Unit Market Size, Share, Trend, Forecast, & Industry Analysis&n See more...
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    Impact of COVID-19 on Evaporative Condensing Unit Market

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

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    Impact of COVID-19 on Evaporative 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.

    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.

    Evaporative Condensing Unit Market - Snapshot

    Growth

    7.2% for the next five years

    Dominant End-Use Industry Type

    Commercial

    Major Application Type

    Refrigeration

    Region with the highest demand

    The Middle East & Africa

    Key Players

    Baltimore Aircoil Company, Inc., Evapco Inc., Johnson Controls Inc., SPX Corporation, DECSA s.r.l, Daikin Industries, Ltd., Técnicas Evaporat

    ivas, S.L., and Mammoth Inc.

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    Market Share Analysis

    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.

    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.

    Evaporative Condensing Unit Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    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)

     

    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 [email protected]


    Frequently Asked Questions (FAQs)

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

    Driven by the factors like increasing industrial establishments & growth in various end-use industries such as food service, the evaporative condensing unit market is expected to witness an impressive growth of 7.2% CAGR in the foreseeable future.

    Who are the key players in the Evaporative Condensing Unit Market?

    Baltimore Aircoil Company, Inc., Evapco Inc., Johnson Controls Inc., SPX Corporation, DECSA s.r.l, Daikin Industries, Ltd., Tcnicas Evaporativas, S.L., Daikin Industries, Ltd., Emerson Electric Company, Heatcraft Worldwide Refrigeration and Mammoth Inc are among the key players in the Evaporative Condensing Unit Market.

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

    North America is expected to remain the largest evaporative condensing unit market during the next five years.

    Which end-use industry is expected to remain dominant in the market?

    The commercial segment is expected to remain dominant end-use industry in the evaporative condensing unit market in the coming years.

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