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Condensing Unit Market Research Report 2021 Growth Rate, Size, Share, Regional Analysis, Global Forecast to 2026 by Reports and Data

Condensing Unit Market To Reach USD 46.40 Billion By 2026

 

New York, NY -- (SBWIRE) -- 02/04/2021 -- The continually evolving dynamics of the heating, ventilation, and air conditioning (HVAC) market provides a broad platform for innovations in products that already exist and the invention of newer ones. Condensing units are temperature-altering devices that work on the concept of energy exchange from compressing a coolant and pumping it through circular pipes that are supplied with a blow of air to produce the required cooling or heating effect.

Key participants include:

Danfoss, Voltas, GEA Group, Emerson Electric Company, Baltimore Aircoil Company, Carrier Corporation, SCM Frigo, Heatcraft Worldwide refrigeration, Bitzer, and Officine Mario Dorin, among others.

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Market Drivers

With the ameliorating demand for a better substitute to industrial cooling systems, condensing units will gain popularity among consumers due to reduced energy consumption and decreased implementation costs with the added benefit of significant government support towards the new technology. Infrastructure development in various countries, including air-conditioned buses, metros, and trains, will significantly impact the market's sales and consumption. The air conditioning segment reportedly held the largest market share due to exceptional demand in humid areas with scorching heat and is Condensing Unit market forecast to grow at a CAGR of 9.2% in the coming years. Evaporating condensing unit market size are in accelerated demand from construction industries for central heating and cooling systems.

For the purpose of this report, Reports and Data have segmented the global condensing unit market on the basis of product type, component, function, application, and region:

Product Type Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)

Air-Cooled Condensing Unit
Water-Cooled Condensing Unit
Evaporative Condensing Unit
Component Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)

Compressor
Fan
Condensing Coil

Function Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)

Air-Conditioning
Refrigeration
Heat Pump

Application Outlook (Volume, Thousand Units; 2016-2026 and Revenue, USD Million; 2016-2026)

Residential
Commercial
Industrial
Others

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Regional Analysis

The Asia Pacific market holds the largest revenue share on account of the rapid industrialization and urbanization and the growing population. Various initiatives taken by the Airport Authority of India investing billions of dollars in expanding air-conditioned terminals and constructing new ones will majorly affect sales and consumption in the region.

Table of Content:

Chapter 1. Market Synopsis

1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics

Chapter 4. Condensing Unit Segmentation & Impact Analysis

4.1. Condensing Unit Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand for condensing units in developing nations
4.2.2.2. Increasing demand from commercial and industrial sectors
4.2.2.3. Escalating demand from the cold storage and warehousing industry

Chapter 5. Condensing Unit Market By Product Type Insights & Trends

5.1. Product Type dynamics & Market Share, 2019 & 2026
5.2. Air-Cooled Condensing Unit
5.2.1. Market estimates and forecast, 2016 – 2026 (USD Million) (Thousand Units)

Continue…

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