Market Overview:
The global semi-hermetic condensing unit market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and reliable cooling systems across various industries. Additionally, the growing awareness about the benefits of using semi-hermetic condensing units is also contributing to the growth of this market. Based on type, the global semi-hermetic condensing unit market can be segmented into wind cooling, water cooling, and air cooling. Of these, water cooling is expected to account for a major share of this market in terms of revenue during the forecast period. This can be attributed to its high efficiency and low operating costs as compared with other types of semi-hermetic condensing units.
Product Definition:
A semi-hermetic condensing unit is a type of compressor that uses a refrigerant to cool a building's air. The compressor is typically located inside the building, while the condenser is located outside. A semi-hermetic condensing unit can be used in both residential and commercial settings.
Wind Cooling:
The global wind cooling market size was valued at USD 2.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing need for energy efficiency, renewable energy adoption along with government support are some factors that can be attributed to the industry growth over the forecast period.
Increasing concerns regarding Greenhouse Gas (GHG) emissions have resulted in governments across various regions introducing numerous regulations.
Water-cooling:
Water-cooling is the process of removing heat from a device or system by using water as a medium for conducting away the heat. In most cases, water-cooling is used to remove unwanted heat from electronic devices and systems. The use of cooling towers and other methods to cool down hot spots in data centers does not constitute as water-cooling since it does not use water directly but rather uses air or some other gas as a coolerant.
Application Insights:
The commercial application segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The growing construction industry, particularly in emerging economies such as India and China, is anticipated to drive product demand for commercial applications. In addition, increasing government support for renewable energy generation owing to rising awareness regarding climate change is likely to augment product demand over the forecast period.
Industrial application accounted for a significant share of the overall revenue in 2017 due largely to high product penetration in this sector. Growing industries including chemical, petrochemical and pharmaceuticals are expected fuel further growth of semi-hermetic condensing units across various regions including North America and Europe during the estimated period owing largely on account of factors such as industrialization along with urbanization has resulted into increased electricity requirement which has necessitated large scale power generation resulting into higher demand cooling equipment usage globally which eventually benefits consumers ultimately driving semi-hermetic condensing unit market growth across all major regions globally over next seven years or so.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing awareness regarding energy conservation and sustainable development, which has resulted in increased demand for HVAC systems across commercial and residential buildings. In addition, rapid industrialization in emerging economies of India, China, Indonesia, Malaysia Philippines Singapore has positively impacted industry growth.
Europe is anticipated to witness a moderate CAGR over the forecast period owing to stringent regulations pertaining to environmental pollution coupled with growing focus on developing clean energy sources for reducing carbon emission into atmosphere thereby promoting eco-friendly cooling equipment. North America also accounted for a significant share of revenue due to high adoption rate of latest technology coupled with rising awareness about product features among users particularly in U.S.
Growth Factors:
- Increasing demand for semi-hermetic condensing units from the HVAC industry as a result of growing population and rising income levels in developing countries.
- Proliferation of data centers and the increasing demand for energy-efficient cooling systems from these facilities is expected to drive the market growth for semi-hermetic condensing units over the forecast period.
- Growing popularity of VRF (variable refrigerant flow) systems, which require semi-hermetic condensing units, is also anticipated to fuel market growth during the forecast period.
- Stringent environmental regulations pertaining to greenhouse gas emissions are prompting companies to adopt more energy efficient cooling systems, such as semi-hermetic condensing units, which will spur market growth in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Semi-hermetic Condensing Unit Market Research Report
By Type
Wind Cooling, Water-cooling, Air Cooling
By Application
Commercial, Industrial, Transportation
By Companies
BITZER SE, FRASCOLD, GEA Group, Emerson Electric, Carrier Corporation, Voltas, Baltimore Aircoil, Officine Mario Dorin, SCM Frigo
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
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Semi-hermetic Condensing Unit Market Report Segments:
The global Semi-hermetic Condensing Unit market is segmented on the basis of:
Types
Wind Cooling, Water-cooling, Air Cooling
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, Industrial, Transportation
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:
- BITZER SE
- FRASCOLD
- GEA Group
- Emerson Electric
- Carrier Corporation
- Voltas
- Baltimore Aircoil
- Officine Mario Dorin
- SCM Frigo
Highlights of The Semi-hermetic 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:
- Wind Cooling
- Water-cooling
- Air Cooling
- By Application:
- Commercial
- Industrial
- Transportation
- 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 Semi-hermetic 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
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- Consumer Insights
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- Product & Brand Management
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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?
A semi-hermetic condensing unit is a type of air conditioning unit that uses both refrigerants and hermetically sealed systems to cool the indoor air. This type of system is typically more expensive than other types, but it offers some advantages, such as being able to operate in high humidity environments.
Some of the major players in the semi-hermetic condensing unit market are BITZER SE, FRASCOLD, GEA Group, Emerson Electric, Carrier Corporation, Voltas, Baltimore Aircoil, Officine Mario Dorin, SCM Frigo.
The semi-hermetic 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 Semi-hermetic 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 Semi-hermetic Condensing Unit Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Semi-hermetic 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 Semi-hermetic 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 Semi-hermetic Condensing Unit Market Size & Forecast, 2020-2028
4.5.1 Semi-hermetic Condensing Unit Market Size and Y-o-Y Growth
4.5.2 Semi-hermetic 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 Wind Cooling
5.2.2 Water-cooling
5.2.3 Air Cooling
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 Industrial
6.2.3 Transportation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Semi-hermetic 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 Semi-hermetic 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 Wind Cooling
9.6.2 Water-cooling
9.6.3 Air Cooling
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 Industrial
9.10.3 Transportation
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 Wind Cooling
10.6.2 Water-cooling
10.6.3 Air Cooling
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 Industrial
10.10.3 Transportation
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 Wind Cooling
11.6.2 Water-cooling
11.6.3 Air Cooling
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 Industrial
11.10.3 Transportation
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 Wind Cooling
12.6.2 Water-cooling
12.6.3 Air Cooling
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 Industrial
12.10.3 Transportation
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 Wind Cooling
13.6.2 Water-cooling
13.6.3 Air Cooling
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 Industrial
13.10.3 Transportation
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 Semi-hermetic Condensing Unit Market: Competitive Dashboard
14.2 Global Semi-hermetic Condensing Unit Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BITZER SE
14.3.2 FRASCOLD
14.3.3 GEA Group
14.3.4 Emerson Electric
14.3.5 Carrier Corporation
14.3.6 Voltas
14.3.7 Baltimore Aircoil
14.3.8 Officine Mario Dorin
14.3.9 SCM Frigo
