The future of the global condensing unit market looks promising with opportunities in the industrial, commercial, and transportation markets. The global condensing unit market is expected to reach an estimated $65.5 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are growing need for condensing units in developing countries' commercial and industrial sectors, increasing focus towards energy efficiency, and rise in the e-commerce industry.
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 condensing unit market by
type (air-cooled and water-cooled), function (air conditioning, refrigeration,
and heat pumps), refrigerant type (fluorocarbons, hydrocarbons, and
inorganics), application (industrial, commercial, transportation, 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,
air-cooled and water-cooled are the major segments of condensing unit market by
type. Lucintel forecasts that air cooled will remain the larger segment over
the forecast period because of its portability and simplicity of installation,
growing demand for energy-efficient cooling solutions across a variety of
industries, as well as, low running costs, and low maintenance
requirements.Within this market, commercial application will remain the largest
segment due to growing need for refrigeration solutions in a variety of
business settings, such as dining establishments, lodging facilities, and
supermarkets.
APAC is expected to
witness highest growth over the forecast period due to enhanced collaboration
and investment in the condensing unit market in this region.
Baltimore Aircoil
Company, Bitzer, Blue Star Limited, Carrier Global, Daikin Industries, Danfoss,
Dorin, Emerson Electric, Heatcraft Worldwide Refrigeration, and Hussmann are
the major suppliers in the condensing unit 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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