Press release
Industrial Condensing Units Market Grow At CAGR 5% During Forecast 2018-2028
In the industrial condensing units landscape, product differentiation and price competitiveness would be crucial in moulding growth of the market players. While product differentiation revolves around introduction of new product innovations and reformations best-suited to dynamic end user needs, price competitiveness continues to be a key aspect of an effective marketing strategy.Get | Download Sample Copy with Graphs & List of Figures:
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Structure Analysis
• The global industrial condensing units market is a fragmented landscape, with the tier 1 players holding almost 45% revenue share.
• Leading players in the industrial condensing units market are primarily concentrating on the ASEAN and India markets, where cost competitiveness will remain a strong differentiation strategy.
• While most of the key participants in the market are maintaining strategic focus on China, North America, and Europe, this report states that environment-friendly products and new technology assessment will be relatively important developmental strategies for companies.
When the construction industry is down, companies emphasize on the retrofit market to boost the sales of industrial condensing units. Moreover, the increased bargaining power of consumers has certainly pushed the demand for superior quality, fresh food products.
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The transportation of food products to the processing units with minimal loss in freshness is thus the need of the hour. Subsequently, these factors are boosting the demand for industrial condensing units.
By Segmentation:
Capacity
• Up to 1 kW
• 2 - 10 kW
• 11 - 40 kW
• Above 40 kW
Installation
• New Installation
• Retrofit
Technology
• Water Cooled
• Air Cooled
Application
• Indoor-based Refrigeration
• Outdoor-based Refrigeration
End Use
• Domestic Appliances
• Indoor Based Air Conditioners
• Commercial Refrigeration
o Retail Stores
o HORECA
o Cold Storage and Warehouse
o Office & Other Commercial Buildings
o IT & Data Centers
• Industrial Refrigeration
Compressor Type
• Reciprocating
• Screw
• Centrifugal
• Rotary
• Scroll
Region
• North America
• Latin America
• Europe
• South Asia
• East Asia
• India
• MEA
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