Market Overview:
The global evaporative condensing unit market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for evaporative condensing units in commercial and power applications. Additionally, the growing demand for chemical processing in emerging economies is also propelling the growth of the evaporative condensing unit market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. On basis of type, refrigeration segment is expected to account for majority share of global evaporative condensing unit market during forecast period followed by air conditioning segment.
Product Definition:
An evaporative condensing unit is a type of air conditioner that uses water to cool the air. It is important because it can save energy and money.
Refrigeration:
Refrigeration is the process of cooling and freezing. It is done to decrease the temperature of a particular substance or material to a lower level so that it can be stored for a longer period. Refrigerants used in refrigeration are classified into two types, natural refrigerants and synthetic (man-made) refrigerants.
Air Conditioning:
An air conditioning unit is a device that provides cooling to an indoor space. The refrigerant in the AC unit changes state from a gas to a liquid, and then back to its original state at the end of the cycle. It absorbs heat from the indoor area and then returns it to its original temperature.
The technology used in air conditioning units has evolved over time with many new features being added for energy efficiency, comfort level, and safety benefits among consumers.
Application Insights:
Commercial application dominated the global market in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. The commercial application segment includes applications such as food & beverage, pharmaceutical, chemical manufacturing, and printing industries. Evaporative condensing units are widely used in these industries due to their ability to control temperature while maintaining humidity levels required for processing various materials.
The power generation segment accounted for the second-largest share of the industry revenue in 2017 owing to growing demand for clean energy across various developing countries including China India Japan South Korea Australia Mexico Brazil etc. Growing demand for electricity has resulted in an increased number of power plants across the globe which is expected to propel growth over next eight years or so.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance throughout the forecast period owing to high product demand from various application segments, including commercial, industrial and residential. In addition, increasing adoption of Evaporative Condensing Units (ECU) for cooling off rooms in educational institutes and sports stadiums is anticipated to propel regional growth over the next eight years.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising disposable income coupled with growing population especially in China and India which are major consumers of evaporative condensing units due to climatic conditions prevalent across these countries. Increasing government initiatives such as “Housing for All by 2022†initiative taken by Indian government are also driving demand across rural areas thereby boosting regional market size during the estimated time span.
Growth Factors:
- Increasing demand for evaporative condensing units from the HVAC industry as a result of growing population and rising income levels in developing countries.
- Technological advancements in evaporative condensing unit design and manufacturing that improve performance, efficiency, and durability.
- Growing popularity of evaporative condensing units among commercial building owners due to their energy-efficiency benefits compared to traditional air conditioning systems.
- Rising concerns about climate change and its impact on energy consumption, which is driving demand for more energy-efficient cooling technologies like evaporative condensing units.
- Increasing awareness among consumers about the benefits of using evaporative condensing units over traditional AC systems, which is helping to boost sales growth across all regions
Scope Of The Report
Report Attributes
Report Details
Report Title
Evaporative Condensing Unit Market Research Report
By Type
Refrigeration, Air Conditioning
By Application
Commercial, Power, Chemical
By Companies
Baltimore Aircoil, Evapco, Johnson Controls, SPX Corporation, Mammoth, Baltimore Aircoil
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Evaporative Condensing Unit Market Report Segments:
The global Evaporative Condensing Unit market is segmented on the basis of:
Types
Refrigeration, Air Conditioning
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Power, Chemical
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Baltimore Aircoil
- Evapco
- Johnson Controls
- SPX Corporation
- Mammoth
- Baltimore Aircoil
Highlights of The Evaporative Condensing Unit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Refrigeration
- Air Conditioning
- By Application:
- Commercial
- Power
- Chemical
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Evaporative Condensing Unit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An evaporative condensing unit (ECU) is a device that uses the evaporation of water to produce heat and mechanical work. The ECU is used in air conditioning systems, refrigeration systems, and industrial processes.
Some of the major companies in the evaporative condensing unit market are Baltimore Aircoil, Evapco, Johnson Controls, SPX Corporation, Mammoth, Baltimore Aircoil.
The evaporative condensing unit market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Evaporative Condensing Unit Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Evaporative Condensing Unit Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Evaporative Condensing Unit Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Evaporative Condensing Unit Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Evaporative Condensing Unit Market Size & Forecast, 2020-2028
4.5.1 Evaporative Condensing Unit Market Size and Y-o-Y Growth
4.5.2 Evaporative Condensing Unit Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Refrigeration
5.2.2 Air Conditioning
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Power
6.2.3 Chemical
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Evaporative Condensing Unit Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Evaporative Condensing Unit Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Refrigeration
9.6.2 Air Conditioning
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Power
9.10.3 Chemical
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Refrigeration
10.6.2 Air Conditioning
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Power
10.10.3 Chemical
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Refrigeration
11.6.2 Air Conditioning
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Power
11.10.3 Chemical
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Refrigeration
12.6.2 Air Conditioning
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Power
12.10.3 Chemical
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Refrigeration
13.6.2 Air Conditioning
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Power
13.10.3 Chemical
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Evaporative Condensing Unit Market: Competitive Dashboard
14.2 Global Evaporative Condensing Unit Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Baltimore Aircoil
14.3.2 Evapco
14.3.3 Johnson Controls
14.3.4 SPX Corporation
14.3.5 Mammoth
14.3.6 Baltimore Aircoil
