English Extended Distribution iCN Internal Distribution Market Research Reportedtimes Research Newswire

Condensing Unit Market – Growing retail sector in emerging economies and High durability & long life of advanced condensing units

iCrowdNewswire   Jan 14, 2021  5:20 AM ET

According to the new market research report Condensing Unit Market by Type (Air-cooled, Water-cooled, Evaporative), Application (Industrial, Commercial, Transportation), Function (Air Conditioning, Refrigeration, Heat Pumps), Refrigerant Type, and Region – Global Forecast to 2025″, is projected to grow from USD 23.7 billion in 2020 to USD 35.7 billion by 2025, at a CAGR of 8.5% from 2020 to 2025. Growth of end-user industries in emerging nations, as well as benefits offered such as improved durability and shelf life quality of condensing unit, are significant factors driving the growth of this market.

Don’t miss out on business opportunities in Condensing Unit Market

Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=622171

By type, the air-cooled segment accounted for the largest share of the condensing unit market in 2019. Also, the air-cooled condensing unit segment is estimated to grow at the highest CAGR during the forecast period. Air-cooled condensing units are easy to install and require low maintenance, whereas water-cooled condensing units have a longer life and higher energy efficiency as compared to air-cooled condensing units.

By application, the industrial segment of the application of the condensing unit accounted for the largest share of the condensing unit market in 2019. The growing demand for advanced refrigeration from various application areas, such as power plants, retail stores, dairy cabinets, hospitals, cryogenic containers, and cooling systems, is expected to help the industrial application segment to grow at the highest rate.

Browse and in-depth TOC on “Condensing Unit Market – Global Forecast to 2025”

133 – Tables
35 – Figures
182 – Pages

View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/condensing-unit-market-622171.html

The condensing unit market is projected to reach USD 35.7 billion by 2025 from USD 24.9 billion in 2019, at a CAGR of 8.5% between 2020 and 2025. The Asia Pacific is the largest consumer of condensing units, with China leading the regional market. Various end-use industries, such as retail stores, food production, and food services, etc., are expected to register healthy growth in the coming years in the Asia Pacific countries, which is expected to lead to the growth of the global condensing unit market.

Emerson Electric Co. (US), Carrier Global Corporation (US), Heatcraft Refrigeration Products LLC (US), GEA Group Aktiengesellschaft (Germany), ADVANSOR A/S (Denmark), Voltas Limited (India), Baltimore Aircoil Company (US), and Danfoss (Denmark),  are recognized as the visionary leaders in the condensing unit market. These companies are focused on investing in plant capacity expansions. They also have the potential to broaden their product portfolios and compete with other key market players.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=622171

In March 2020, Baltimore Aircoil Company (BAC) expanded its line of TrilliumSeries Adiabatic Products. The expanded offerings include fluid cooler models for low-charge refrigeration applications and software enhancements for all models in order to optimize fan energy use based on system conditions. The new product launch further strengthens the position of BAC in the condensing unit market in the US.

In February 2020, Danfoss introduced a new product, Optyma iCO2, which is an outdoor CO2 condensing unit. It has a cooling capacity of 1.5 to 4.7kW (0.43 to 1.3TR) and is a plug-and-play stackable solution for medium-temperature applications such as in display cabinets, and to refrigerate cold rooms. The new product launch helped the company target a new segment of convenience stores with limited indoor space.

Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/condensing-unit-market.asp

 

 

Contact Information:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/condensing-unit-market.asp


iCrowdNewswire

Keywords:    Condensing Unit Market, Condensing Unit, Condensing Unit Market share, Condensing Unit Market size, Condensing Unit Market application, Condensing Unit Market research