Press release
Global Condensing Unit Market to Incur Steady Growth During 2016-2026
Global Condensing Unit Market: Drivers and Restraints:
The global condensing unit market is primarily driven by the commercial and industrial sectors such as food retails, food manufacturing industries, commercial refrigeration. Energy saving and less usage of refrigerant condensing units are mostly popular within commercial and industrial sectors. The increasing commercial complexes, office space,banqueting suites drives the global consumption of condensing units. Besides, condensers play a vital role in manufacturing plants which strongly drives the global condensing unit market.
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However, the F- gas (HFCs, PFCs and SF6 ) regulation which has been revised in 2015 by EU Commission for curbing rising emissions might restrain the global condensing unit market. Also, this makes condensing unit manufacturers to enhance their technology thus saving energy and more eco-friendly.
Global Condensing Unit Market: Segmentation
On the basis of condensing unit type, condensing unit market is segmented into:-
Air cooled
Water cooled
Fan cooled
On the basis of refrigerant type, Condensing Unit market is segmented into:-
R404A
R134a
R407A/R407C/R407F
R507A or R22
Green refrigerants
On the basis of compressor technology, condensing unit market is segmented into:-
Reciprocating
Hermetic
Semi-hermetic
Open
Rotary
Scroll
Rotary vane
Screw
Centrifugal
On the basis of application, condensing unit market is segmented into:-
High temperature
Medium temperature
Low temperature
On the basis of end use, condensing unit market is segmented into:-
Residential
Commercial
Industrial
Global Condensing Unit Market: Region Wise Outlook
The global Condensing Unit market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). Europe and North America are considered as matured markets for the condensing units with strong technology base front and are anticipated to record stable growth during the forecast period. Next in line is APEJ, especially China and India, which collectively account for major share in Asian region due to vast industrial expansion these countries. The condensing units market is anticipated to grow in Japan followed by MEA and Latin America. Overall the global market for condensing unit is highly vigorous and is projected to record significant growth during the forecast period.
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Global Condensing Unit market: Key Players
Some of the key players identified in the global condensing unit market includes:
Emerson Electric Co.
Danfoss
Daikin Applied
Tecumseh Products Company
Hussmann Corporation
Voltas Limited
Patton Ltd
BITZER KÜHLMASCHINENBAU GMBH
Rivacold UK Ltd
JINAN RETEK INDUSTRIES INC
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