Market Overview:
The global refrigeration condensers 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 commercial and industrial refrigeration across the globe. Additionally, the growing awareness about energy-efficient cooling systems is also propelling the growth of this market. The water-cooled type segment is expected to dominate the global refrigeration condensers market during the forecast period, owing to its high efficiency and low operating costs as compared to other types of condensers. The air-cooled type segment is projected to grow at a higher CAGR than other types during the forecast period, due its lower installation and maintenance costs as well as easy availability of spare parts worldwide. In terms of application, commercial refrigeration held a major share in 2017 and is projected to maintain its dominance duringthe forecast period owingto rising demand for chilled food items across various regions globally.
Product Definition:
A refrigeration condenser is a device used in air conditioning and refrigeration systems to remove heat from a fluid, typically water or freon. The condensed liquid then flows into the receiver.
Water-Cooled Type:
Water-cooled type is a heat exchanger that uses water as the coolant and has no mechanical connection to the refrigeration circuit. The heat transfer takes place between the refrigerant and the coolant, which is then conducted to an external condenser where it gets converted into ice, which in turn provides cooling effect to an environment.
Air-Cooled Type:
The air-cooled type refrigeration condenser is used in the refrigeration condensers which are further used in commercial and residential applications. The working principle of this equipment is to transfer heat from the surrounding environment to the liquid for cooling purposes.
Application Insights:
The commercial refrigeration application segment held the largest market share of over 60% in 2017. The segment is expected to witness significant growth on account of rising demand for packaged and processed food products from various end-use industries. Furthermore, increasing number of restaurants and hotels at a global level is also likely to contribute significantly towards industry growth during the forecast period.
Refrigeration condensers are used in industrial applications including fish processing plants, meat processing plants, dairy production facilities, fruit and vegetable production facilities as well as beverage manufacturing facilities among others. Rapid urbanization coupled with changing climate patterns have led to an increase in the need for efficient cooling systems in these industries which will further propel industry expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from emerging economies, such as China and India. In addition, rising disposable income coupled with changing lifestyles will drive the regional market further. Europe accounted for a significant share in terms of revenue in 2017 owing to high demand from several industries including food & beverage, pharmaceuticals, cosmetics & personal care products among others. However, sluggish growth of manufacturing sector coupled with economic uncertainty post Brexit may hamper the regional product demand in near future.
The Middle East & Africa region is anticipated to grow at a lucrative rate during the forecast period owing to rapid development witnessed by various countries including Saudi Arabia.
Growth Factors:
- Increasing demand for refrigeration condensers in the food and beverage industry as a result of the growth in the processed and packaged food sector.
- Rising demand from end-use industries such as HVAC, automotive, and electronics due to the growing adoption of these technologies across various regions.
- Growing investments by key players in research and development to develop new products that can meet specific requirements of different industries.
- Increasing popularity of miniaturized condensers for small-scale applications such as medical devices, laboratory equipment, and portable cooling systems.
Scope Of The Report
Report Attributes
Report Details
Report Title
Refrigeration Condensers Market Research Report
By Type
Water-Cooled Type, Air-Cooled Type
By Application
Commercial Refrigeration, Industrial Refrigeration, Others
By Companies
Johnson Controls, Carrier, Daikin Industries, Guntner, Alfa Laval, Emerson, Kelvion Holding, Danfoss, LG Electronics, Hitachi, Airedale Air Conditioning, Evapco-Blct Dry Cooling, Lennox International, Ingersoll Rand
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Refrigeration Condensers Market Report Segments:
The global Refrigeration Condensers market is segmented on the basis of:
Types
Water-Cooled Type, Air-Cooled Type
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 Refrigeration, Industrial Refrigeration, Others
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:
- Johnson Controls
- Carrier
- Daikin Industries
- Guntner
- Alfa Laval
- Emerson
- Kelvion Holding
- Danfoss
- LG Electronics
- Hitachi
- Airedale Air Conditioning
- Evapco-Blct Dry Cooling
- Lennox International
- Ingersoll Rand
Highlights of The Refrigeration Condensers 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:
- Water-Cooled Type
- Air-Cooled Type
- By Application:
- Commercial Refrigeration
- Industrial Refrigeration
- Others
- 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 Refrigeration Condensers 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
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- Understanding Competition Scenario
- Product & Brand Management
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- 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?
Refrigeration condensers are a type of air conditioning unit that use refrigerant to cool the air. They are most commonly used in commercial buildings, but can also be found in homes. Refrigeration condensers work by using a fan to move the refrigerant around and cool the air.
Some of the key players operating in the refrigeration condensers market are Johnson Controls, Carrier, Daikin Industries, Guntner, Alfa Laval, Emerson, Kelvion Holding, Danfoss, LG Electronics, Hitachi, Airedale Air Conditioning, Evapco-Blct Dry Cooling, Lennox International, Ingersoll Rand.
The refrigeration condensers 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 Refrigeration Condensers 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 Refrigeration Condensers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refrigeration Condensers 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 Refrigeration Condensers 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 Refrigeration Condensers Market Size & Forecast, 2018-2028
4.5.1 Refrigeration Condensers Market Size and Y-o-Y Growth
4.5.2 Refrigeration Condensers Market Absolute $ Opportunity
Chapter 5 Global Refrigeration Condensers 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 Refrigeration Condensers Market Size Forecast by Type
5.2.1 Water-Cooled Type
5.2.2 Air-Cooled Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Refrigeration Condensers 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 Refrigeration Condensers Market Size Forecast by Applications
6.2.1 Commercial Refrigeration
6.2.2 Industrial Refrigeration
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refrigeration Condensers 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 Refrigeration Condensers 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 Refrigeration Condensers Analysis and Forecast
9.1 Introduction
9.2 North America Refrigeration Condensers 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 Refrigeration Condensers Market Size Forecast by Type
9.6.1 Water-Cooled Type
9.6.2 Air-Cooled Type
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 Refrigeration Condensers Market Size Forecast by Applications
9.10.1 Commercial Refrigeration
9.10.2 Industrial Refrigeration
9.10.3 Others
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 Refrigeration Condensers Analysis and Forecast
10.1 Introduction
10.2 Europe Refrigeration Condensers 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 Refrigeration Condensers Market Size Forecast by Type
10.6.1 Water-Cooled Type
10.6.2 Air-Cooled Type
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 Refrigeration Condensers Market Size Forecast by Applications
10.10.1 Commercial Refrigeration
10.10.2 Industrial Refrigeration
10.10.3 Others
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 Refrigeration Condensers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Refrigeration Condensers 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 Refrigeration Condensers Market Size Forecast by Type
11.6.1 Water-Cooled Type
11.6.2 Air-Cooled Type
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 Refrigeration Condensers Market Size Forecast by Applications
11.10.1 Commercial Refrigeration
11.10.2 Industrial Refrigeration
11.10.3 Others
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 Refrigeration Condensers Analysis and Forecast
12.1 Introduction
12.2 Latin America Refrigeration Condensers 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 Refrigeration Condensers Market Size Forecast by Type
12.6.1 Water-Cooled Type
12.6.2 Air-Cooled Type
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 Refrigeration Condensers Market Size Forecast by Applications
12.10.1 Commercial Refrigeration
12.10.2 Industrial Refrigeration
12.10.3 Others
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) Refrigeration Condensers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Refrigeration Condensers 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) Refrigeration Condensers Market Size Forecast by Type
13.6.1 Water-Cooled Type
13.6.2 Air-Cooled Type
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) Refrigeration Condensers Market Size Forecast by Applications
13.10.1 Commercial Refrigeration
13.10.2 Industrial Refrigeration
13.10.3 Others
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 Refrigeration Condensers Market: Competitive Dashboard
14.2 Global Refrigeration Condensers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson Controls
14.3.2 Carrier
14.3.3 Daikin Industries
14.3.4 Guntner
14.3.5 Alfa Laval
14.3.6 Emerson
14.3.7 Kelvion Holding
14.3.8 Danfoss
14.3.9 LG Electronics
14.3.10 Hitachi
14.3.11 Airedale Air Conditioning
14.3.12 Evapco-Blct Dry Cooling
14.3.13 Lennox International
14.3.14 Ingersoll Rand
