Global Condensing Unit Market

Global Condensing Unit Market Size, Trends & Analysis - Forecasts To 2026 By Type (Air-cooled, Water-cooled, Evaporative), By Compressor Type (Reciprocating Compressors, Screw Compressors, Rotary Compressors, Others), By Function (Air Conditioning, Refrigeration, Heat Pumps), By Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganics), By Application (Industrial, Commercial, Transportation), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis

Category Energy & Power

Format

This report was recently updated on April 11 2024 with the latest and most recent market numbers

Condensing Unit Market: Insights

The global condensing unit market is estimated to witness a significant CAGR during the forecast period (2020-2026). Condensing units are temperature-control devices which cause energy exchange in the form of heat by compressing a coolant, then pumping it through a coil system and using the air around the coils to heat and cool spaces. Growing demand for advanced refrigeration from marine and oil & gas sectors along with rising demand for natural refrigerants are driving the market growth for condensing unit. Growing technological advancements and an increase in demand for condensing units from various manufacturing industries are some of the major factors expected to drive the market growth during the forecast period. However, stringent environmental regulations on refrigerants are likely to hamper the market growth during the forecast period.

Condensing Unit Market: By Type

Based on type, the global condensing unit market is segmented into air-cooled, water-cooled, and evaporative. Air-cooled condensing units are easy to install and require low maintenance problems. The air-cooled segment is estimated to hold the largest market share in terms of volume during the forecast period. Air-cooled condensing units are easy to install along with low maintenance problems, as compared to air-cooled condensing units; the water-cooled condensing unit has a longer life and have higher energy efficiency.

Condensing Unit Market: By Compressor Type

Based on compressor type, the global condensing unit market is segmented into reciprocating compressors, screw compressors, and rotary compressors, among others. The screw compressors is estimated to hold the largest market share in terms of revenue during the forecast period. The growing demand for energy-efficient compressors along with a rise in energy consumption are some of the major factors driving the market growth.

Condensing Unit Market: By Function

Based on function, the global condensing unit market is segmented into air conditioning, refrigeration, and heat pumps. The air conditioning segment is expected to hold the largest market share during the forecast period. The growing number of individual auditoriums, industrial facilities, clinics, hotels, chemical plants, and multiplexes worldwide is expected to drive the air conditioning market during the forecast period. Moreover, the growing establishment of malls and other commercial buildings is one of the significant factors expected to drive the market growth. Furthermore, the refrigeration segment is projected to hold the largest market share in terms of revenue due to rising applications in food processing units and cold storage during the forecast period.

Condensing Unit Market: By Application

Based on application, the global condensing unit market is segmented into industrial, commercial, and transportation. The commercial segment is expected to grow at a high CAGR during the forecast period. Commercial buildings often require more than one HVAC device to provide sufficient refrigeration for the whole building.

Condensing Unit Market: By Region

Based on region, the global condensing unit market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa.

Condensing Unit Market Share & Competitor Analysis

Some of the key players operating in the condensing unit market are Emerson Electric Co., Carrier Global Corporation, Danfoss, Gea Group Aktiengesellschaft, Heatcraft Refrigeration Products Llc, Voltas Limited, Bitzer Se, Advansor A/S, Baltimore Aircoil Company, Officine Mario Dorin S.P.A., Scm Frigo S.P.A., Daikin Applied, Evapco, Inc., Frascold, Howe Corporation, Hussmann Corporation, MTA S.P.A., and Patton, among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In May 2020, Emerson Electric Co. launched its Rosemount Thermowell Design Accelerator which eliminates the manual thermowell iterations. The users are able to automatically iterate up to 1,000 thermowell tags with a single click.

In April 2020, Danfoss launched the world’s smallest electronic expansion valve EEV for small A/C and IT cooling allowing OEMs to drive greater system efficiency, reliability and quieter operations.

Check the Press Release on Global Condensing Unit Market Report

Condensing Unit Market: By Type

Introduction
1. Condensing Unit Market, By Type, 2018-2026 (USD Million)
Air-cooled
1. Air-cooled: Condensing Unit Market, 2018-2026 (USD Million)
Water-cooled
1. Water-cooled: Condensing Unit Market, 2018-2026 (USD Million)
Evaporative
1. Evaporative: Condensing Unit Market, 2018-2026 (USD Million)

Condensing Unit Market: By Compressor Type

Introduction
1. Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
Reciprocating Compressors
1. Reciprocating Compressors: Condensing Unit Market, 2018-2026 (USD Million)
Screw Compressors
1. Screw Compressors: Condensing Unit Market, 2018-2026 (USD Million)
Rotary Compressors
1. Rotary Compressors: Condensing Unit Market, 2018-2026 (USD Million)
Others
1. Others: Condensing Unit Market, 2018-2026 (USD Million)

Condensing Unit Market: By Function

Introduction
1. Condensing Unit Market, By Function, 2018-2026 (USD Million)
Air Conditioning
1. Air Conditioning: Condensing Unit Market, 2018-2026 (USD Million)
Refrigeration
1. Refrigeration: Condensing Unit Market, 2018-2026 (USD Million)
Heat Pumps
1. Heat Pumps: Condensing Unit Market, 2018-2026 (USD Million)

Condensing Unit Market: By Refrigerant Type

Introduction
1. Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
Fluorocarbons
1. Fluorocarbons: Condensing Unit Market, 2018-2026 (USD Million)
  1. HCFCS: Condensing Unit Market, 2018-2026 (USD Million)
  2. HFCS: Condensing Unit Market, 2018-2026 (USD Million)
  3. HFOS: Condensing Unit Market, 2018-2026 (USD Million)
Hydrocarbons
1. Hydrocarbons: Condensing Unit Market, 2018-2026 (USD Million)
  1. Isobutane: Condensing Unit Market, 2018-2026 (USD Million)
  2. Propane: Condensing Unit Market, 2018-2026 (USD Million)
  3. Others: Condensing Unit Market, 2018-2026 (USD Million)
Inorganics
1. Inorganics: Condensing Unit Market, 2018-2026 (USD Million)
  1. Ammonia: Condensing Unit Market, 2018-2026 (USD Million)
  2. CO2: Condensing Unit Market, 2018-2026 (USD Million)
  3. Others: Condensing Unit Market, 2018-2026 (USD Million)

Condensing Unit Market: By Application

Introduction
1. Condensing Unit Market, By Application, 2018-2026 (USD Million)
Industrial
1. Industrial: Condensing Unit Market, 2018-2026 (USD Million)
Commercial
1. Commercial: Condensing Unit Market, 2018-2026 (USD Million)
Transportation
1. Transportation: Condensing Unit Market, 2018-2026 (USD Million)

Condensing Unit Market: By Region

Introduction
1. Global Condensing Unit Market, Regional Analysis, 2018-2026 (USD Million)
North America
1. North America Condensing Unit Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Type
    1. North America Condensing Unit Market, By Type, 2018-2026 (USD Million)
  2. By Compressor Type
    1. North America Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
  3. By Function
    1. North America Condensing Unit Market, By Function, 2018-2026 (USD Million)
  4. By Refrigerant Type
    1. North America Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
  5. By Application
    1. North America Condensing Unit Market, By Application, 2018-2026 (USD Million)
  6. By Country
    1. U.S
      1. By Type
        
        U.S Condensing Unit Market, By Type, 2018-2026 (USD Million)
      2. By Compressor Type
        
        U.S Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
      3. By Function
        
        U.S Condensing Unit Market, By Function, 2018-2026 (USD Million)
      4. By Refrigerant Type
        
        U.S Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
      5. By Application
        
        U.S Condensing Unit Market, By Application, 2018-2026 (USD Million)
    2. Canada.
      1. By Type
        
        Canada Condensing Unit Market, By Type, 2018-2026 (USD Million)
      2. By Compressor Type
        
        Canada Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
      3. By Function
        
        Canada Condensing Unit Market, By Function, 2018-2026 (USD Million)
      4. By Refrigerant Type
        
        Canada Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
      5. By Application
        
        Canada Condensing Unit Market, By Application, 2018-2026 (USD Million)
    3. Mexico
      1. By Type
        
        Mexico Condensing Unit Market, By Type, 2018-2026 (USD Million)
      2. By Compressor Type
        
        Mexico Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
      3. By Function
        
        Mexico Condensing Unit Market, By Function, 2018-2026 (USD Million)
      4. By Refrigerant Type
        
        Mexico Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
      5. By Application
        
        Mexico Condensing Unit Market, By Application, 2018-2026 (USD Million)
Europe
1. Europe Condensing Unit Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Type
    1. Europe Condensing Unit Market, By Type, 2018-2026 (USD Million)
  2. By Compressor Type
    1. Europe Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
  3. By Function
    1. Europe Condensing Unit Market, By Function, 2018-2026 (USD Million)
  4. By Refrigerant Type
    1. Europe Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
  5. By Application
    1. Europe Condensing Unit Market, By Application, 2018-2026 (USD Million)
  6. By Country
    1. Germany
      1. By Type
        
        Germany Condensing Unit Market, By Type, 2018-2026 (USD Million)
      2. By Compressor Type
        
        Germany Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
      3. By Function
        
        Germany Condensing Unit Market, By Function, 2018-2026 (USD Million)
      4. By Refrigerant Type
        
        Germany Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
      5. By Application
        
        Germany Condensing Unit Market, By Application, 2018-2026 (USD Million)
    2. UK
      1. By Type
        
        UK Condensing Unit Market, By Type, 2018-2026 (USD Million)
      2. By Compressor Type
        
        UK Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
      3. By Function
        
        UK Condensing Unit Market, By Function, 2018-2026 (USD Million)
      4. By Refrigerant Type
        
        UK Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
      5. By Application
        
        UK Condensing Unit Market, By Application, 2018-2026 (USD Million)
    3. France
      1. By Type
        
        France Condensing Unit Market, By Type, 2018-2026 (USD Million)
      2. By Compressor Type
        
        France Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
      3. By Function
        
        France Condensing Unit Market, By Function, 2018-2026 (USD Million)
      4. By Refrigerant Type
        
        France Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
      5. By Application
        
        France Condensing Unit Market, By Application, 2018-2026 (USD Million)
    4. Italy
      1. By Type
        
        Italy Condensing Unit Market, By Type, 2018-2026 (USD Million)
      2. By Compressor Type
        
        Italy Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
      3. By Function
        
        Italy Condensing Unit Market, By Function, 2018-2026 (USD Million)
      4. By Refrigerant Type
        
        Italy Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
      5. By Application
        
        Italy Condensing Unit Market, By Application, 2018-2026 (USD Million)
    5. Rest Of Europe
      1. By Type
        
        Rest Of Europe Condensing Unit Market, By Type, 2018-2026 (USD Million)
      2. By Compressor Type
        
        Rest Of Europe Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
      3. By Function
        
        Rest Of Europe Condensing Unit Market, By Function, 2018-2026 (USD Million)
      4. By Refrigerant Type
        
        Rest Of Europe Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
      5. By Application
        
        Rest Of Europe Condensing Unit Market, By Application, 2018-2026 (USD Million)
Asia Pacific
1. Asia Pacific Condensing Unit Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Type
    1. Asia Pacific Condensing Unit Market, By Type, 2018-2026 (USD Million)
  2. By Compressor Type
    1. Asia Pacific Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
  3. By Function
    1. Asia Pacific Condensing Unit Market, By Function, 2018-2026 (USD Million)
  4. By Refrigerant Type
    1. Asia Pacific Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
  5. By Country
    1. China
      1. By Type
        
        China Condensing Unit Market, By Type, 2018-2026 (USD Million)
      2. By Compressor Type
        
        China Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
      3. By Function
        
        China Condensing Unit Market, By Function, 2018-2026 (USD Million)
      4. By Refrigerant Type
        
        China Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
      5. By Application
        
        China Condensing Unit Market, By Application, 2018-2026 (USD Million)
    2. Japan
      1. By Type
        
        Japan Condensing Unit Market, By Type, 2018-2026 (USD Million)
      2. By Compressor Type
        
        Japan Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
      3. By Function
        
        Japan Condensing Unit Market, By Function, 2018-2026 (USD Million)
      4. By Refrigerant Type
        
        Japan Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
      5. By Application
        
        Japan Condensing Unit Market, By Application, 2018-2026 (USD Million)
    3. India
      1. By Type
        
        India Condensing Unit Market, By Type, 2018-2026 (USD Million)
      2. By Compressor Type
        
        India Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
      3. By Function
        
        India Condensing Unit Market, By Function, 2018-2026 (USD Million)
      4. By Refrigerant Type
        
        India Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
      5. By Application
        
        India Condensing Unit Market, By Application, 2018-2026 (USD Million)
    4. South Korea
      1. By Type
        
        South Korea Condensing Unit Market, By Type, 2018-2026 (USD Million)
      2. By Compressor Type
        
        South Korea Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
      3. By Function
        
        South Korea Condensing Unit Market, By Function, 2018-2026 (USD Million)
      4. By Refrigerant Type
        
        South Korea Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
      5. By Application
        
        South Korea Condensing Unit Market, By Application, 2018-2026 (USD Million)
Central & South America
1. Central & South America Condensing Unit Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Type
    1. Central & South America Condensing Unit Market, By Type, 2018-2026 (USD Million)
  2. By Compressor Type
    1. Central & South America Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
  3. By Function
    1. Central & South America Condensing Unit Market, By Function, 2018-2026 (USD Million)
  4. By Refrigerant Type
    1. Central & South America Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
  5. By Application
    1. Central & South America Condensing Unit Market, By Application, 2018-2026 (USD Million)
  6. By Country
    1. Brazil
      1. By Type
        
        Brazil Condensing Unit Market, By Type, 2018-2026 (USD Million)
      2. By Compressor Type
        
        Brazil Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
      3. By Function
        
        Brazil Condensing Unit Market, By Function, 2018-2026 (USD Million)
      4. By Refrigerant Type
        
        Brazil Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
      5. By Application
        
        Brazil Condensing Unit Market, By Application, 2018-2026 (USD Million)
Middle East & Africa
1. Middle East & Africa Condensing Unit Market, Regional Analysis, 2018-2026 (USD Million)
  1. By Type
    1. Middle East & Africa Condensing Unit Market, By Type, 2018-2026 (USD Million)
  2. By Compressor Type
    1. Middle East & Africa Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
  3. By Function
    1. Middle East & Africa Condensing Unit Market, By Function, 2018-2026 (USD Million)
  4. By Refrigerant Type
    1. Middle East & Africa Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
  5. By Application
    1. Middle East & Africa Condensing Unit Market, By Application, 2018-2026 (USD Million)
  6. By Country
    1. Saudi Arabia
      1. By Type
        
        Saudi Arabia Condensing Unit Market, By Type, 2018-2026 (USD Million)
      2. By Compressor Type
        
        Saudi Arabia Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
      3. By Function
        
        Saudi Arabia Condensing Unit Market, By Function, 2018-2026 (USD Million)
      4. By Refrigerant Type
        
        Saudi Arabia Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
      5. By Application
        
        Saudi Arabia Condensing Unit Market, By Application, 2018-2026 (USD Million)
    2. UAE
      1. By Type
        
        UAE Condensing Unit Market, By Type, 2018-2026 (USD Million)
      2. By Compressor Type
        
        UAE Condensing Unit Market, By Compressor Type, 2018-2026 (USD Million)
      3. By Function
        
        UAE Condensing Unit Market, By Function, 2018-2026 (USD Million)
      4. By Refrigerant Type
        
        UAE Condensing Unit Market, By Refrigerant Type, 2018-2026 (USD Million)
      5. By Application
        
        UAE Condensing Unit Market, By Application, 2018-2026 (USD Million)

The global Condensing Unit Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Condensing Unit Market.

Condensing Unit Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Condensing Unit Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Condensing Unit Market