Condensing Unit Market to Discern Magnified Growth During 2016 - 2026
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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.
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:-
On the basis of refrigerant type, Condensing Unit market is segmented into:-
R507A or R22
On the basis of compressor technology, condensing unit market is segmented into:-
On the basis of application, condensing unit market is segmented into:-
On the basis of end use, condensing unit market is segmented into:-
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.
Tecumseh Products Company
BITZER KÜHLMASCHINENBAU GMBH
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