Global Condensing Unit
Market Report
2024
The global condensing unit market size will be USD 42.3 billion in 2024. The condensing unit market will show strongest growth with a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. This growth can be attributed to an increase in the need for air conditioning and refrigeration systems as a result of commercialization, industrialization, and urbanization.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Drivers:
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Market Restrains:
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Market Split by Type |
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Market Split by Function |
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Market Split by Compressor Type |
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Market Split by Refrigerant Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Condensing Unit Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A condensing unit is a type of temperature control device used to cool a chemical from its vaporific to liquid condition. This device will be a machine or an air conditioner. Condensing units are necessary for the operation of chillers, air conditioners, heat pumps, and refrigerators. It consists of the following three fundamental parts: a condensing coil, fan, and compressor. There are numerous shapes and sizes available for condenser units. These units come in three different varieties: state change condensing units, cool condensing units, and cool condensing units. The condensing unit, which is the product of cooling material from a vaporous state to a liquid state, is called a temperature control device. A rise in the need for condensing units in growing nations' commercial and industrial sectors, together with the benefits these units offer—like longer lifespans and increased durability—is driving the expansion of the condensing unit market.
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In April 2024, according to Blue Star, a company that makes cooling products, its goal is to capture 15% of the residential air conditioner market by FY25. The company currently holds a 14% market share. Blue Star's MD, B Thiagarajan, states that the company sold a record number of air conditioners in March and intends to sell over 1.1 million units by the end of FY24. According to him, the market would grow by at least 20% in order to meet summer demand. (Source: https://www.bluestarindia.com/media/press-releases/blue-star-makes-deep-inroads-in-the-residential-segment-targets-25-growth-in-room-ac-sales-in-fy15)
Top Companies Market Share in Condensing Unit Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerged as the dominant region in the condensing unit market due to the increasing need for condensing units in the commercial and industrial sectors as well as the expanding demand for condensing units in a variety of manufacturing industries. North America is the largest market for condensing units.
Asia-Pacific stands out as the fastest-growing region in the condensing unit market due to increased spending on infrastructure in this area as well as rising disposable income. Additionally, it is anticipated that China will hold the majority of the regional condensing unit market in terms of value. The Chinese authorities are pushing natural refrigerants for a variety of applications. Room air conditioners and heat pumps are the main devices that employ these refrigerants.
The current report Scope analyzes Condensing Unit Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Condensing Unit Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Condensing Unit Industry growth. Condensing Unit market has been segmented with the help of its Type, Function Compressor Type, and others. Condensing Unit market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, air-cooled is the dominant category. Low maintenance requirements and ease of installation characterize air-cooled condensing systems. Additionally, the Asia Pacific region has a lot of opportunities to employ high-performance air-cooled condensing units due to expanding industrialization.
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Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Condensing Unit Market.
Some of the key Function of Condensing Unit are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.
Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Condensing Unit Market is witnessing significant growth in the near future.
In 2023, the Air-Cooled segment accounted for noticeable share of global Condensing Unit Market and is projected to experience significant growth in the near future.
The Air Conditioning segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Emerson Electric Co. (US), Danfoss (Denmark) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Air-Cooled, Water-Cooled |
Function | Air Conditioning, Refrigeration, Heat Pumps |
Compressor Type | Reciprocating Compressor, Screw Compressor, Rotary Compressor, Others |
Refrigerant Type | Fluorocarbons, Hydrocarbons, Inorganics |
Application | Industrial, Commercial, Transportation |
List of Competitors | Emerson Electric Co. (US), Carrier (US), Danfoss (Denmark), GEA Group Aktiengesellschaft (Germany), BITZER (Germany), Heatcraft Worldwide Refrigeration (US), Baltimore Aircoil Company (BAC) (US), Dorin S.p.A. (Italy), SCM Frigo S.p.A. (Italy), Daikin Applied (US), EVAPCO, Inc. (US), Frascold S.p.A. (Italy), Howe Corporation (US), Hussmann Corporation (US), Blue Star Limited (India), MTA S.p.A. (Italy), Tecumseh Products Company LLC (US), Elgin S/A (Brazil), Embraco LLC (Brazil), Good Cold (Argentina), Westric Multicontrol S.A. (Argentina) |
This chapter will help you gain GLOBAL Market Analysis of Condensing Unit. Further deep in this chapter, you will be able to review Global Condensing Unit Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Function Analysis 2019 -2031
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Chapter 12 Market Split by Compressor Type Analysis 2019 -2031
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Chapter 13 Market Split by Refrigerant Type Analysis 2019 -2031
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Chapter 14 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Condensing Unit market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Air-Cooled have a significant impact on Condensing Unit market? |
What are the key factors affecting the Air-Cooled and Water-Cooled of Condensing Unit Market? |
What is the CAGR/Growth Rate of Air Conditioning during the forecast period? |
By type, which segment accounted for largest share of the global Condensing Unit Market? |
Which region is expected to dominate the global Condensing Unit Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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