According to a market report by Lucintel, the future of the global condensing unit market looks promising with opportunities in the industrial, commercial, and transportation markets. The global condensing unit market is expected to reach an estimated $65.5 billion by 2030 from $42.4 billion in 2024,at a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are growing need for condensing units in developing countries commercial and industrial sectors, increasing focus towards energy efficiency, and rise in the e-commerce industry.A more than 150-page report to understand trends, opportunity and forecast in condensing unit market to 2030 by type (air-cooled and water-cooled), function (air conditioning, refrigeration, and heat pumps), refrigerant type (fluorocarbons, hydrocarbons, and inorganics), application (industrial, commercial, transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that air cooled will remain the larger segment over the forecast period because of its portability and simplicity of installation, growing demand for energy-efficient cooling solutions across a variety of industries, as well as, low running costs, and low maintenance requirements.
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APAC is expected to witness highest growth over the forecast period due to enhanced collaboration and investment in the condensing unit market in this region.
Baltimore Aircoil Company, Bitzer, Blue Star Limited, Carrier Global, Daikin Industries, Danfoss, Dorin, Emerson Electric, Heatcraft Worldwide Refrigeration, Hussmann are the major suppliers in the condensing unit market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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