Press release
Condensing Unit Market is Forecasted to Reach US$ 71.97 Billion in 2030, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global condensing unit market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/840/condensing-unit-market.html#form
Report Highlights:
Market Size in 2030: US$ 71.97 billion
Growth (CAGR): 7.95% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Segment Insights on the Condensing Unit Market:
The global Condensing Unit market is segmented based on Compressor type, Application type, Product type, Function type, Refrigerant type, and Region.
Based on application type - The market is segmented as commercial, industrial, and transportation. The industrial segment is projected to maintain its dominance over the forecast period owing to the rising demand from various application areas, such as retail stores, power plants, hospitals, dairy cabinets, cooling systems, and cryogenic containers.
Based on product type - The market is segmented as air-cooled condensing units, water-cooled condensing units, and evaporative condensing units. The air-cooled condensing unit segment is projected to maintain its leading position over the forecast period as it offers easy installation and low maintenance.
To know the most attractive segments, visit:
https://www.stratviewresearch.com/840/condensing-unit-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
In terms of regions, Asia-Pacific is projected to be the largest market. The Asia-Pacific market is expected to grow with a lucrative CAGR due to the growing population, expanding food products and services coupled with growing investments in chemicals & petrochemicals. China and India are the growth engines of the region.
Condensing Unit Market Drivers:
Some of the key drivers listed in the report are given below.
• Cold chain infrastructure expansion in emerging economies creates substantial demand for commercial refrigeration condensing units supporting food security and pharmaceutical distribution.
• Evolving energy efficiency regulations accelerate replacement cycles as businesses upgrade to high-efficiency scroll and inverter-driven condensing units reducing operational costs.
• Natural refrigerant transition driven by global HFC phasedown schedules creates retrofitting opportunities with CO2 and hydrocarbon-compatible condensing technologies.
• IoT integration enables predictive maintenance capabilities and remote monitoring, reducing downtime and extending equipment lifespan through early intervention.
• Mini-split and VRF system proliferation in residential and light commercial applications drives growth in compact, low-noise condensing units optimized for limited installation spaces.
Top Companies in the Condensing Unit Market:
Stratview Research has identified the following companies as the top market players.
• Emerson Electric Co.
• Carrier Global Corporation
• Danfoss
• GEA Group Aktiengesellschaft
• Heatcraft Refrigeration Products LLC
• Voltas Limited
• Bitzer SE
• Advansor A/S
• Baltimore Aircoil Company
Note: The above list does not necessarily include all the top players in the market.
What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the Condensing Unit Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Website: www.stratviewresearch.com
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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