Condensing Unit Market Report: Trends, Forecast and Competitive Analysis to 2030

Condensing Unit Trends and Forecast

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.

A more than 150-page report is developed to help in your business decisions.

Condensing Unit by Segment

The study includes a forecast for the global condensing unit by type, function, refrigerant type, application, and region.

Condensing Unit Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Air-Cooled
• Water-Cooled

Condensing Unit Market by Function [Shipment Analysis by Value from 2018 to 2030]:

• Air Conditioning
• Refrigeration
• Heat Pumps

Condensing Unit Market by Refrigerant Type [Shipment Analysis by Value from 2018 to 2030]:

• Fluorocarbons
• Hydrocarbons
• Inorganics

Condensing Unit Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Industrial
• Commercial
• Transportation
• Others

Condensing Unit Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Condensing Unit Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies condensing unit companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the condensing unit companies profiled in this report include-

• Baltimore Aircoil Company
• Bitzer
• Blue Star Limited
• Carrier Global
• Daikin Industries
• Danfoss
• Dorin
• Emerson Electric
• Heatcraft Worldwide Refrigeration
• Hussmann

Condensing Unit Market Insights

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.

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.

Features of the Global Condensing Unit Market

Market Size Estimates: Condensing unit market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Condensing unit market size by various segments, such as by type, function, refrigerant type, application, and region in terms of value ($B).

Regional Analysis: Condensing unit market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, function, refrigerant type, application, and regions for the condensing unit market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the condensing unit market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the condensing unit market size?

Answer: The global condensing unit market is expected to reach an estimated $65.5 billion by 2030.

Q.2 What is the growth forecast for condensing unit market?

Answer: The global condensing unit market is expected to grow with a CAGR of 7.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the condensing unit market?

Answer: 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.

Q4. What are the major segments for condensing unit market?

Answer: The future of the global condensing unit market looks promising with opportunities in the industrial, commercial, and transportation markets.

Q5. Who are the key condensing unit market companies?

Answer: Some of the key condensing unit companies are as follows:

• Baltimore Aircoil Company
• Bitzer
• Blue Star Limited
• Carrier Global
• Daikin Industries
• Danfoss
• Dorin
• Emerson Electric
• Heatcraft Worldwide Refrigeration
• Hussmann

Q6. Which condensing unit market segment will be the largest in future?

Answer: 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.

Q7. In condensing unit market, which region is expected to be the largest in next 5 years?

Answer: 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.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• 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?