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Condensing Unit Market Worth $35.7 Billion by 2025 - Exclusive Report by MarketsandMarkets™

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News provided by

MarketsandMarkets

May 15, 2020, 08:30 ET

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CHICAGO, May 15, 2020 /PRNewswire/ -- 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", published by MarketsandMarkets™, the Condensing Unit Market 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.

Request for PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=622171

Browse in-depth TOC on "Condensing Unit Market"

133 – Market Data Tables
35 – Figures
182 – Pages

View Detailed Table of Content Here:

https://www.marketsandmarkets.com/Market-Reports/condensing-unit-market-622171.html

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.

By type, the air-cooled segment is estimated to lead the condensing unit market in terms of volume from 2020 to 2025.

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 accounted for the largest share of the condensing unit market in 2019.

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.

Request Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=622171

The Middle East & Africa condensing unit market is projected to grow at the highest CAGR during the forecast period in terms of value.

The Middle East & Africa condensing unit market is expected to grow at the highest CAGR during the forecast period. The Middle East & African countries have substantial growth prospects for the condensing unit market because of the growing applications of refrigeration in various end-use industries such as chemicals & petrochemicals and plastics.

Some of the leading players operating in the condensing unit market include Emerson Electric Co. (US), Carrier Global Corporation (US), Danfoss (Denmark), GEA Group Aktiengesellschaft (Germany), Heatcraft Refrigeration Products LLC (US), Voltas Limited (India), BITZER SE (Germany), ADVANSOR A/S (Denmark), Baltimore Aircoil Company (US), Officine Mario Dorin S.p.A. (Italy), and SCM Frigo S.p.A. (Italy). These players have adopted the strategies of adopted new product launches, expansions, and partnerships to enhance their position in the market.

Browse Adjacent Markets: Equipment Machine and Tooling Market Research Reports & Consulting

Related Reports:

Industrial Refrigeration Systems Market by Component (Compressor, Condenser, Evaporator), Refrigerant Type (Ammonia, CO2), Application (Fruit & Vegetable Processing, Meat & Poultry, Refrigerated Warehouse), and Region - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/industrial-refrigeration-system-market-245749288.html

Transcritical CO2 Market by Application (Supermarkets, Heat Pumps, Food Processing & Storage Facilities, Ice Skating Rinks), by Geography (Europe, North America, Asia-Pacific) - Global Forecast to 2023
https://www.marketsandmarkets.com/Market-Reports/transcritical-co2-market-201387678.html

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
Visit Our Web Site: https://www.marketsandmarkets.com/ 
Content Source: https://www.marketsandmarkets.com/PressReleases/condensing-unit.asp

SOURCE MarketsandMarkets

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