Market Overview:
The global industrial condensing units 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 cooling systems across various industries. Additionally, the growing awareness about the benefits of using industrial condensing units is also contributing to the growth of this market. The global industrial condensing units market can be segmented on the basis of type, application and region. On the basis of type, it can be divided into water cooled and air cooled industrial condensing units. The water cooled segment is expected to dominate this market during the forecast period owing to its high efficiency and low noise levels as compared to air cooled industrial condensing units. On the basis of application, it can be classified into below 5 kW, 5-10 kW and above 10 kW segments respectively.
Product Definition:
Industrial condensing units are mechanical devices that are used to cool or liquefy a gas or vapor. They are typically found in factories and other industrial settings. The importance of industrial condensing units is that they allow for the efficient operation of machinery and equipment by removing heat from the surrounding area.
Water Cooled:
Water-cooled condensing units are used in various applications such as chemical, petrochemical and food & beverage industries. The growth factor for water-cooled condensing units is the ability to provide precise temperature control at low cost with easy maintenance. These systems have a simple design that requires less space and can be installed easily without any special technical knowledge.
Air Cooled:
An air-cooled condensing unit is a heat pump which extracts the heat from the outside air and transfers it to an indoor space, typically a building. The extracted heat is used for various applications in industries such as commercial, residential and industrial. Air-cooled condensing units are available in different capacities ranging from 5 tons to 300 tons with annual capacities of up to 50 tons.
Application Insights:
The below 5 KW application segment accounted for the largest share of over 60.0% in 2017. The segment will expand further at a steady CAGR owing to rising demand from residential applications and electric vehicles. Condensing units with higher capacity, lower energy consumption, and improved performance are preferred by manufacturers for use in low power applications as they result in significant cost savings while operating as compared to standard cooling systems.
The 5-10 KW application segment is expected to witness the fastest growth rate over the forecast period on account of increasing industrialization and urbanization mainly in developing regions such as Asia Pacific and Middle East & Africa where electricity costs are relatively high due to expensive sources of electricity such as coal or gas which propel demand for economical condensing units that consume less energy while delivering superior performance at an affordable price tag along with continuous technological advancements ensuring enhanced product quality across all major markets globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of emerging economies, such as China and India, has resulted in an increased demand for industrial condensing units across Asia Pacific region. Furthermore, increasing awareness regarding energy conservation is anticipated to further drive the regional market growth.
The growing manufacturing sector across various industries including food & beverage; chemicals; metal processing; automotive etc.; has resulted in increased demand for efficient cooling equipment from large scale industrial facilities especially during peak production hours. Europe also accounted for a significant share of revenue share owing to high product adoption rates by several major manufacturers including Siemens AG & Co., KHS GmbH & Co.,Veolia Environment Services S.A.
Growth Factors:
- Increasing demand for energy-efficient cooling systems in industrial and commercial sectors
- Growing adoption of condensing units in HVAC applications
- Rising investments in infrastructure development projects worldwide
- Proliferation of data centers and growing demand for reliable cooling solutions therein
- Technological advancements that have led to the development of more efficient condensing units
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Condensing Units Market Research Report
By Type
Water Cooled, Air Cooled
By Application
Below 5 KW, 5-10 KW, Above 10 KW
By Companies
Emerson Electric, Danfoss Group, Mitsubishi Electric, GEA, BITZER, Johnson Controls, Daikin Applied Systems, Hasegawa Refrigeration, Arneg Group, Cryogiam, True Manufacturing, Aireadle Air Conditioning, Embraco, Tecumseh Products, Heatcraft Worldwide, Kolpak-Welbilt
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Condensing Units Market Report Segments:
The global Industrial Condensing Units market is segmented on the basis of:
Types
Water Cooled, Air Cooled
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
Below 5 KW, 5-10 KW, Above 10 KW
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:
- Emerson Electric
- Danfoss Group
- Mitsubishi Electric
- GEA
- BITZER
- Johnson Controls
- Daikin Applied Systems
- Hasegawa Refrigeration
- Arneg Group
- Cryogiam
- True Manufacturing
- Aireadle Air Conditioning
- Embraco
- Tecumseh Products
- Heatcraft Worldwide
- Kolpak-Welbilt
Highlights of The Industrial Condensing Units 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
- Air Cooled
- By Application:
- Below 5 KW
- 5-10 KW
- Above 10 KW
- 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 Industrial Condensing Units 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.
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- Correctly Positioning New Products
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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?
Industrial condensing units are used to cool large volumes of air or water. They use a variety of technologies, including evaporative cooling, subcooling, and cryogenic freezing.
Some of the key players operating in the industrial condensing units market are Emerson Electric, Danfoss Group, Mitsubishi Electric, GEA, BITZER, Johnson Controls, Daikin Applied Systems, Hasegawa Refrigeration, Arneg Group, Cryogiam, True Manufacturing, Aireadle Air Conditioning, Embraco, Tecumseh Products, Heatcraft Worldwide, Kolpak-Welbilt.
The industrial condensing units market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Condensing Units Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Condensing Units Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Condensing Units Market - Supply Chain
4.5. Global Industrial Condensing Units Market Forecast
4.5.1. Industrial Condensing Units Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Condensing Units Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Condensing Units Market Absolute $ Opportunity
5. Global Industrial Condensing Units Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Condensing Units Market Size and Volume Forecast by Type
5.3.1. Water Cooled
5.3.2. Air Cooled
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Condensing Units Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Condensing Units Market Size and Volume Forecast by Application
6.3.1. Below 5 KW
6.3.2. 5-10 KW
6.3.3. Above 10 KW
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Condensing Units Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Condensing Units Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Condensing Units Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Condensing Units Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Condensing Units Demand Share Forecast, 2019-2026
9. North America Industrial Condensing Units Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Condensing Units Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Condensing Units Market Size and Volume Forecast by Application
9.4.1. Below 5 KW
9.4.2. 5-10 KW
9.4.3. Above 10 KW
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Condensing Units Market Size and Volume Forecast by Type
9.7.1. Water Cooled
9.7.2. Air Cooled
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Condensing Units Demand Share Forecast, 2019-2026
10. Latin America Industrial Condensing Units Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Condensing Units Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Condensing Units Market Size and Volume Forecast by Application
10.4.1. Below 5 KW
10.4.2. 5-10 KW
10.4.3. Above 10 KW
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Condensing Units Market Size and Volume Forecast by Type
10.7.1. Water Cooled
10.7.2. Air Cooled
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Condensing Units Demand Share Forecast, 2019-2026
11. Europe Industrial Condensing Units Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Condensing Units Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Condensing Units Market Size and Volume Forecast by Application
11.4.1. Below 5 KW
11.4.2. 5-10 KW
11.4.3. Above 10 KW
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Condensing Units Market Size and Volume Forecast by Type
11.7.1. Water Cooled
11.7.2. Air Cooled
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Condensing Units Demand Share, 2019-2026
12. Asia Pacific Industrial Condensing Units Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Condensing Units Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Condensing Units Market Size and Volume Forecast by Application
12.4.1. Below 5 KW
12.4.2. 5-10 KW
12.4.3. Above 10 KW
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Condensing Units Market Size and Volume Forecast by Type
12.7.1. Water Cooled
12.7.2. Air Cooled
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Condensing Units Demand Share, 2019-2026
13. Middle East & Africa Industrial Condensing Units Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Condensing Units Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Condensing Units Market Size and Volume Forecast by Application
13.4.1. Below 5 KW
13.4.2. 5-10 KW
13.4.3. Above 10 KW
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Condensing Units Market Size and Volume Forecast by Type
13.7.1. Water Cooled
13.7.2. Air Cooled
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Condensing Units Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Condensing Units Market: Market Share Analysis
14.2. Industrial Condensing Units Distributors and Customers
14.3. Industrial Condensing Units Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Emerson Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Danfoss Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mitsubishi Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GEA
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BITZER
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Johnson Controls
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Daikin Applied Systems
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hasegawa Refrigeration
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Arneg Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cryogiam
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. True Manufacturing
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Aireadle Air Conditioning
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Embraco
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tecumseh Products
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Heatcraft Worldwide
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Kolpak-Welbilt
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
