openPR Logo
Press release

Condensing Unit Market worth $57.1 billion by 2027 | Key players Emerson Electric Co., Danfoss, GEA Group Aktiengesellschaft, Heatcraft Refrigeration Products LLC, BITZER SE.

09-15-2023 02:50 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Condensing Unit Market, Condensing Unit, APAC Condensing Unit Market, Europe Condensing Unit Market

Condensing Unit Market, Condensing Unit, APAC Condensing Unit Market, Europe Condensing Unit Market

According to recent market research the "Condensing Unit Market by Type (Air-cooled, Water-cooled), Application (Industrial, Commercial, Transportation), Function (Air Conditioning, Refrigeration, Heat Pumps), Refrigerant Type, Compressor Type and Region - Global Forecast to 2027" The condensing unit market is projected to grow from USD 39.0 billion in 2022 to USD 57.1 billion by 2027, at a CAGR of 7.9% from 2022 to 2027. Growing cold chain infrastructure in emerging countries such as India, China, and Indonesia due to increase in online grocery market along with growing preference towards packaged food, growing data center market globally, expansion in supermarket and hypermarket chain, increasing footprint of convenience and proximity stores are the key drivers for growth in the condensing unit market.

Browse 280 market data Tables and 52 Figures spread through 240 Pages and in-depth TOC on "Condensing Unit Market - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/condensing-unit-market-622171.html

Growing industrialization and urbanization offer significant opportunities for the use of high-performance air-cooled condensing units in the Asia Pacific region. Other major factors influencing the growth of condensing unit market include increased demand for food storage equipment, data centers, super & hyper markets, and others.
Condensing units in industrial applications are primarily used in petrochemical plants, and steel & cement plants. Hence, the increasing demand for these end-use industries are expected to propel the demand of condensing units in industrial application.

Condensing units are extensively used in chemical plants, power plants, ice manufacturing units, cold storage, and hotel & restaurants. Thus, a growing number of cold storage warehouses and hotels is expected to enhance the air conditioning segment of condensing unit market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=622171

The Asia Pacific condensing unit market has the largest market share in 2021 in terms of value.
The markets growth can be attributed to increasing demand for the storage of convenience products, such as packaged foods, dairy products, etc. Also, the growth was further propelled by the rise in demand for condensing units from supermarkets and organized retail food chains.

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), BITZER SE (Germany). These players have adopted new product development strategies, expansions, and partnerships to enhance their position in the market.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=622171

In January 2022, Emerson Electric Co. Emerson launched a major part of condensing unit named Copeland ZPK7 single (fixed) speed scroll compressors for residential and light commercial HVAC applications. The new ZPK7 fixed-speed scroll compressor platform is now tuned for R410A refrigerant and offers improved performance at the SEER2 B rating point condition as well as critical HSPF2 part-load operating conditions.

The new product launch further strengthens the position of Emerson Electric Co. in the condensing unit market in the US.
In February 2020, Danfoss introduced a new product, Optyma iCO2, which is an outdoor CO2 condensing unit. It has a cooling capacity of 1.5 to 4.7kW (0.43 to 1.3TR) and is a plug-and-play stackable solution for medium-temperature applications such as in display cabinets, and to refrigerate cold rooms. The new product launch helped the company target a new segment of convenience stores with limited indoor space.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/condensing-unit.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/condensing-unit-market.asp

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Condensing Unit Market worth $57.1 billion by 2027 | Key players Emerson Electric Co., Danfoss, GEA Group Aktiengesellschaft, Heatcraft Refrigeration Products LLC, BITZER SE. here

News-ID: 3209609 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for Condensing

Global Condensing Unit Market - Analysis and Forecast (2025-2030)
Market Overview: The latest report published by VynZ Research, Global Condensing Unit Market - Analysis and Forecast (2025-2030), offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market. The unit plays a vital role for cooling applications. A condensing unit is a component in refrigeration and air conditioning systems consisting of three main components
MEA Condensing Unit Market 2023 - Growth, Trends, Market Size
The MEA Condensing Unit Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global MEA Condensing Unit market. This report explores all the key factors affecting the growth of the global MEA Condensing
APAC Condensing Unit Market 2023 - Growth, Trends, Market Size
The APAC Condensing Unit Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global APAC Condensing Unit market. This report explores all the key factors affecting the growth of the global APAC Condensing
The Alternative to Condensing a Large QuickBooks File
Brandon, MB--June 30, 2022: The QuickBooks built-in Condense Data Utility or Condense Repair Tool helps organize the Company data file, keeping it small and easy to manage. The QuickBooks Condense feature removes the audit trail and reduces file size, but keeps the detailed transactions intact unlike the traditional File Condense feature. When trying to archive the data file, a system error would typically interrupt the users that states "QuickBooks
Gas Condensing Boiler Market Research Report 2022-2029 | Gas Condensing Boiler I …
Global Gas Condensing Boiler Market Analysis 2022-2028 Report provides strategists, marketers and senior management with the critical information they need to assess the global Gas Condensing Boiler Market as it emerges from the Covid-19 shut down. The impact of Coronavirus (COVID-19) on global market has reinforced many trends already shaping the industry pre COVID-19, There is a long-term trend towards the repositioning of players as entertainment providers on multiple platforms. This
Condensing Turbine Market global outlook and forecast 2021 -2027
The Global Condensing Turbine Market research report is a careful examination of the worldwide industry which has been a region of enthusiasm for a Condensing Turbine makers, organizations, authorities, chiefs, and likely speculators, and analysts. The report profoundly lights up noteworthy features in the business, including a contention situation, condition, portions, showcase size, share, gainfulness, development potential, and advancements. The report likewise spins around