The future of the global refrigeration condenser market looks promising with opportunities in the commercial refrigeration and industrial refrigeration applications. The global refrigeration condenser market is expected to reach an estimated $12.5 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are growing need for refrigeration systems in the food and beverage industry, rising requirement for replacement of existing industrial refrigeration systems, and increasing demand of frozen fruits and vegetables.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the refrigeration condenser
market by type (water cooled and air cooled), application (commercial
refrigeration, industrial refrigeration, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will
grow at a faster pace and why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the
emerging trends in this market and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, water
cooled and air cooled are the two major segments of refrigeration condenser
market by type. Lucintel forecasts that air cooled type is expected to witness
higher growth over the forecast period. Within this market, commercial
refrigeration is expected to witness highest growth over the forecast period.
APAC is expected to
witness highest growth over the forecast period due to rising consumer
disposable incomes, continous expansion of industrialization, and growing the
demand for processed food in the region.
Johnson Controls,
Carrier, Daikin Industries, Guntner, Alfa Laval, Emerson, Kelvion, Danfoss, LG
Electronics, and Hitachi are the major suppliers in the refrigeration condenser
market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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