Condensing units are the temperature control devices that are used in air conditioners, refrigerators, and heat pumps. Technological advancements in cooling are the major factor that is booming the growth of the condensing unit market. The condensing unit optimizes the efficiency and improves performance that increases the demand for the cooling unit, which bolster the growth of the condensing unit market. Growing commercial spaces such as offices, complexes, malls, and banquets are rising the consumption of condensing unit that is further triggering the growth of the condensing unit market.
MARKET DYNAMICS
The rising need for effective cooling in various industries such as food and beverage, dairies, warehouses, and chemical plant are accelerating the growth of the condensing unit market. Furthermore, the wide range of applications such as condensing units in cold rooms, restaurants, hospitals, milk cooling tanks, fermentation rooms, canteens, and among others are increasing demand for the cooling unit that anticipated in the growth of the condensing unit market. The growing infrastructure construction in the emerging nations such as India, China, Japan, and others are rising demand for the condensing unit that expected to propels the growth of the condensing unit market.
MARKET SCOPE
The "Global Condensing Unit Market Analysis to 2028” is a specialized and in-depth study of the Condensing unit industry with a special focus on the global market trend analysis. The report aims to provide an overview condensing unit market with detailed market segmentation by type, function, application, and geography. The global condensing unit market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading condensing unit market players and offers key trends and opportunities in the condensing unit market.
MARKET SEGMENTATION
The global condensing unit market is segmented on the basis of type, function, application. On the basis type the market is segmented as air-cooled, water-cooled, evaporative condensing unit. On the basis function the market is segmented as air conditioning, refrigeration, heat pumps. On the basis application the market is segmented as commercial, industrial, transportation.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global condensing unit market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The condensing unit market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting condensing unit market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the condensing unit market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global condensing unit market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The condensing unit market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting condensing unit market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the condensing unit market in these regions.
MARKET PLAYERS
The reports cover key developments in the condensing unit market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from condensing unit market are anticipated to lucrative growth opportunities in the future with the rising demand for condensing unit in the global market. Below mentioned is the list of few companies engaged in the condensing unit market.
The report also includes the profiles of key condensing unit companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Condensing Unit Market - By Type
1.3.2 Condensing Unit Market - By Function
1.3.3 Condensing Unit Market - By Application
1.3.4 Condensing Unit Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONDENSING UNIT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CONDENSING UNIT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. CONDENSING UNIT MARKET - GLOBAL MARKET ANALYSIS
6.1. CONDENSING UNIT - GLOBAL MARKET OVERVIEW
6.2. CONDENSING UNIT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CONDENSING UNIT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. AIR-COOLED
7.3.1. Overview
7.3.2. Air-Cooled Market Forecast and Analysis
7.4. WATER-COOLED
7.4.1. Overview
7.4.2. Water-Cooled Market Forecast and Analysis
7.5. EVAPORATIVE CONDENSING UNIT
7.5.1. Overview
7.5.2. Evaporative Condensing Unit Market Forecast and Analysis
8. CONDENSING UNIT MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
8.1. OVERVIEW
8.2. FUNCTION MARKET FORECASTS AND ANALYSIS
8.3. AIR CONDITIONING
8.3.1. Overview
8.3.2. Air Conditioning Market Forecast and Analysis
8.4. REFRIGERATION
8.4.1. Overview
8.4.2. Refrigeration Market Forecast and Analysis
8.5. HEAT PUMPS
8.5.1. Overview
8.5.2. Heat Pumps Market Forecast and Analysis
9. CONDENSING UNIT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. COMMERCIAL
9.3.1. Overview
9.3.2. Commercial Market Forecast and Analysis
9.4. INDUSTRIAL
9.4.1. Overview
9.4.2. Industrial Market Forecast and Analysis
9.5. TRANSPORTATION
9.5.1. Overview
9.5.2. Transportation Market Forecast and Analysis
10. CONDENSING UNIT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Condensing Unit Market Overview
10.1.2 North America Condensing Unit Market Forecasts and Analysis
10.1.3 North America Condensing Unit Market Forecasts and Analysis - By Type
10.1.4 North America Condensing Unit Market Forecasts and Analysis - By Function
10.1.5 North America Condensing Unit Market Forecasts and Analysis - By Application
10.1.6 North America Condensing Unit Market Forecasts and Analysis - By Countries
10.1.6.1 United States Condensing Unit Market
10.1.6.1.1 United States Condensing Unit Market by Type
10.1.6.1.2 United States Condensing Unit Market by Function
10.1.6.1.3 United States Condensing Unit Market by Application
10.1.6.2 Canada Condensing Unit Market
10.1.6.2.1 Canada Condensing Unit Market by Type
10.1.6.2.2 Canada Condensing Unit Market by Function
10.1.6.2.3 Canada Condensing Unit Market by Application
10.1.6.3 Mexico Condensing Unit Market
10.1.6.3.1 Mexico Condensing Unit Market by Type
10.1.6.3.2 Mexico Condensing Unit Market by Function
10.1.6.3.3 Mexico Condensing Unit Market by Application
10.2. EUROPE
10.2.1 Europe Condensing Unit Market Overview
10.2.2 Europe Condensing Unit Market Forecasts and Analysis
10.2.3 Europe Condensing Unit Market Forecasts and Analysis - By Type
10.2.4 Europe Condensing Unit Market Forecasts and Analysis - By Function
10.2.5 Europe Condensing Unit Market Forecasts and Analysis - By Application
10.2.6 Europe Condensing Unit Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Condensing Unit Market
10.2.6.1.1 Germany Condensing Unit Market by Type
10.2.6.1.2 Germany Condensing Unit Market by Function
10.2.6.1.3 Germany Condensing Unit Market by Application
10.2.6.2 France Condensing Unit Market
10.2.6.2.1 France Condensing Unit Market by Type
10.2.6.2.2 France Condensing Unit Market by Function
10.2.6.2.3 France Condensing Unit Market by Application
10.2.6.3 Italy Condensing Unit Market
10.2.6.3.1 Italy Condensing Unit Market by Type
10.2.6.3.2 Italy Condensing Unit Market by Function
10.2.6.3.3 Italy Condensing Unit Market by Application
10.2.6.4 United Kingdom Condensing Unit Market
10.2.6.4.1 United Kingdom Condensing Unit Market by Type
10.2.6.4.2 United Kingdom Condensing Unit Market by Function
10.2.6.4.3 United Kingdom Condensing Unit Market by Application
10.2.6.5 Russia Condensing Unit Market
10.2.6.5.1 Russia Condensing Unit Market by Type
10.2.6.5.2 Russia Condensing Unit Market by Function
10.2.6.5.3 Russia Condensing Unit Market by Application
10.2.6.6 Rest of Europe Condensing Unit Market
10.2.6.6.1 Rest of Europe Condensing Unit Market by Type
10.2.6.6.2 Rest of Europe Condensing Unit Market by Function
10.2.6.6.3 Rest of Europe Condensing Unit Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Condensing Unit Market Overview
10.3.2 Asia-Pacific Condensing Unit Market Forecasts and Analysis
10.3.3 Asia-Pacific Condensing Unit Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Condensing Unit Market Forecasts and Analysis - By Function
10.3.5 Asia-Pacific Condensing Unit Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Condensing Unit Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Condensing Unit Market
10.3.6.1.1 Australia Condensing Unit Market by Type
10.3.6.1.2 Australia Condensing Unit Market by Function
10.3.6.1.3 Australia Condensing Unit Market by Application
10.3.6.2 China Condensing Unit Market
10.3.6.2.1 China Condensing Unit Market by Type
10.3.6.2.2 China Condensing Unit Market by Function
10.3.6.2.3 China Condensing Unit Market by Application
10.3.6.3 India Condensing Unit Market
10.3.6.3.1 India Condensing Unit Market by Type
10.3.6.3.2 India Condensing Unit Market by Function
10.3.6.3.3 India Condensing Unit Market by Application
10.3.6.4 Japan Condensing Unit Market
10.3.6.4.1 Japan Condensing Unit Market by Type
10.3.6.4.2 Japan Condensing Unit Market by Function
10.3.6.4.3 Japan Condensing Unit Market by Application
10.3.6.5 South Korea Condensing Unit Market
10.3.6.5.1 South Korea Condensing Unit Market by Type
10.3.6.5.2 South Korea Condensing Unit Market by Function
10.3.6.5.3 South Korea Condensing Unit Market by Application
10.3.6.6 Rest of SouthEast Asia Condensing Unit Market
10.3.6.6.1 Rest of SouthEast Asia Condensing Unit Market by Type
10.3.6.6.2 Rest of SouthEast Asia Condensing Unit Market by Function
10.3.6.6.3 Rest of SouthEast Asia Condensing Unit Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Condensing Unit Market Overview
10.4.2 Middle East and Africa Condensing Unit Market Forecasts and Analysis
10.4.3 Middle East and Africa Condensing Unit Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Condensing Unit Market Forecasts and Analysis - By Function
10.4.5 Middle East and Africa Condensing Unit Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Condensing Unit Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Condensing Unit Market
10.4.6.1.1 South Africa Condensing Unit Market by Type
10.4.6.1.2 South Africa Condensing Unit Market by Function
10.4.6.1.3 South Africa Condensing Unit Market by Application
10.4.6.2 Saudi Arabia Condensing Unit Market
10.4.6.2.1 Saudi Arabia Condensing Unit Market by Type
10.4.6.2.2 Saudi Arabia Condensing Unit Market by Function
10.4.6.2.3 Saudi Arabia Condensing Unit Market by Application
10.4.6.3 U.A.E Condensing Unit Market
10.4.6.3.1 U.A.E Condensing Unit Market by Type
10.4.6.3.2 U.A.E Condensing Unit Market by Function
10.4.6.3.3 U.A.E Condensing Unit Market by Application
10.4.6.4 Rest of Middle East and Africa Condensing Unit Market
10.4.6.4.1 Rest of Middle East and Africa Condensing Unit Market by Type
10.4.6.4.2 Rest of Middle East and Africa Condensing Unit Market by Function
10.4.6.4.3 Rest of Middle East and Africa Condensing Unit Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Condensing Unit Market Overview
10.5.2 South and Central America Condensing Unit Market Forecasts and Analysis
10.5.3 South and Central America Condensing Unit Market Forecasts and Analysis - By Type
10.5.4 South and Central America Condensing Unit Market Forecasts and Analysis - By Function
10.5.5 South and Central America Condensing Unit Market Forecasts and Analysis - By Application
10.5.6 South and Central America Condensing Unit Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Condensing Unit Market
10.5.6.1.1 Brazil Condensing Unit Market by Type
10.5.6.1.2 Brazil Condensing Unit Market by Function
10.5.6.1.3 Brazil Condensing Unit Market by Application
10.5.6.2 Argentina Condensing Unit Market
10.5.6.2.1 Argentina Condensing Unit Market by Type
10.5.6.2.2 Argentina Condensing Unit Market by Function
10.5.6.2.3 Argentina Condensing Unit Market by Application
10.5.6.3 Rest of South and Central America Condensing Unit Market
10.5.6.3.1 Rest of South and Central America Condensing Unit Market by Type
10.5.6.3.2 Rest of South and Central America Condensing Unit Market by Function
10.5.6.3.3 Rest of South and Central America Condensing Unit Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. CONDENSING UNIT MARKET, KEY COMPANY PROFILES
12.1. BITZER SE
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BLUE STAR LIMITED
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CARRIER CORPORATION
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. DAIKIN APPLIED
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. DANFOSS
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. EMERSON ELECTRIC CO.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. GEA GROUP AG
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. HUSSMANN CORPORATION
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. JOHNSON CONTROLS, INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TECUMSEH PRODUCTS COMPANY LLC
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Bitzer SE
2. Blue Star Limited
3. Carrier Corporation
4. Daikin Applied
5. Danfoss
6. Emerson Electric Co.
7. GEA Group AG
8. Hussmann Corporation
9. Johnson Controls, Inc.
10. Tecumseh Products Company LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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