Condensing Unit Market Outlook (2023 to 2033)

The global condensing unit market is likely to be valued at US$ 40.607 billion in 2023 and is estimated to garner US$ 76.944 billion. From 2023 to 2033, the market is likely to exhibit a CAGR of 6.6%. The major factor strengthening the market growth for condensing units is its increasing demand for food production and services.

Growing demand for the replacement of industrial refrigeration systems owing to the demand for energy-efficient, low-operating-cost condensing units is a significant factor anticipated to strengthen the market growth for condensing units further.

The rising infrastructure expenditure, increasing demand for condensing units from several sectors like cold storage and food and beverage processing, and refrigerated warehouses are a few other vital factors likely to expand the growth of the global condensing unit market during the forecast period.

Condensing Unit Industry (From 2018 to 2022)

Attribute Details
CAGR 5.6%
Market Size - 2018 US$ 30.923 billion
Market Size - 2022 US$ 38.454 billion

Condensing Unit Industry (From 2023 to 2033)

Attribute Details
CAGR 6.6%
Market Size - 2023 US$ 40.607 billion
Market Size - 2033 US$ 76.944 billion

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From Growth to Boom: Contrasting the Condensing Unit Business from 2018 to 2022 and 2023 to 2033

From 2018 to 2022, the condensing unit market expanded significantly, owing to rising demand for energy-efficient cooling solutions and technical improvements. During this time, the condensing unit business expanded significantly, with increased installations in a variety of sectors including commercial, residential, and industrial. Moreover, the condensing unit manufacturers focus on innovation, producing smart and connected condensing units to meet the changing needs of customers.

The condensing unit industry is predicted to shift from a growth phase to a booming phase between 2023 and 2033. Moreover, stringent energy-efficiency standards, rising environmental concerns, and the adoption of sustainable cooling solutions may surge demand for condensing units. Emerging markets and technological improvements in refrigeration systems may spur market expansion, opening up new potential for condensing unit manufacturers.

What are the Factors Boosting the Global Condensing Unit Market?

Growing Demand for Condensing Units in Business and Industrial Sectors to Boost the Market

The expansion of end-use sectors in developing countries, such as supermarkets and retail chains, owing to the increase in per capita disposable income of consumers and their changing lifestyles is expected to make a significant contribution to the expansion of the market during the forecast period. There are a few key factors anticipated to strengthen the development of the global condensing unit market in the coming time including:

  • The growing infrastructure expenditure.
  • Rising demand for condensing units from several sectors like cold storage and food and beverage processing, and refrigerated warehouses.

Manufacturers are taking various initiatives to expand the market size. For instance,

  • In August 2021, Embraco, a global provider of refrigeration technology for the complete domestic and commercial cold chain, and part of the Nidec Global Appliance portfolio of brands announced the launch of a new portfolio of refrigeration condensing units in Japan built for the market needs of Japan.
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Nikhil Kaitwade

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What are the Factors Impeding the Global Condensing Unit Market?

Implementation of Stringent Environment Laws on Refrigerants to Hamper the Market Growth

Increasing usage of refrigerants has contributed to global warming and ozone layer depletion. As per a few studies, by 2050, about 25% of global warming may be caused by air conditioning. Thus, to regulate the growing air pollution, various countries have deployed rules to control it.

Under Section 608 of the Clean Air Act, EPA prohibits individuals from knowingly venting refrigerants containing ozone-depleting refrigerants (including HCFC-22) as well as their substitutes (such as HFCs, including R-410A), while maintaining, servicing, repairing, or disposing of AC and refrigeration equipment. Such factors are expected to hamper the market growth in the coming time.

What are the Prevailing Opportunities in the Global Condensing Unit Market?

Ongoing Technological Development in Condensing Units to Offer Remunerative Opportunities

Growing demand for condensing units owing to technological development is likely to offer remunerative opportunities to the market during the forecast period. The introduction of advanced models such as the Copeland Scroll XJ Series for outdoor applications is likely to make the market interactive. Also, the advent of efficient condensing units may lead to a reduction in their replacement requirements, thus acting as a key contributor to the growth of the condensing unit market.

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Category- Wise Outlook

Segment Product Type
Segment Name Air-cooled
Market Share - 2023 65.00%
Segment Refrigerant Type
Segment Name R404A
Market Share - 2023 22.90%

What is the Contribution of the Air-Cooled Segment in Driving the Global Condensing Unit Market?

Low Maintenance of Air-Cooled Condensing Units to Increase their Demand

The air-cooled condensing units segment is expected to dominate the global condensing unit industry during the forecast period. This can be attributed to the easy installation and low maintenance features. Additionally, rapid industrialization offers significant opportunities for the use of high-performance air-cooled condensing units in developing regions.

Is R404A the Dominant Refrigerant Type Driving Demand in the Condensing Unit Industry?

R404A has been the popular refrigerant in the condensing unit industry. Due to its effective cooling capabilities, R404A is widely utilized in refrigeration and air conditioning systems. In response to environmental concerns, there is a significant shift toward green refrigerants.

Green refrigerants such as R134a, R407A/R407C/R407F, and R22 replacements are gaining popularity due to their low global warming potential (GWP) and ozone depletion potential (ODP). As sustainability becomes important, demand for green refrigerants is projected to rise, potentially changing the condensing unit market in the future years.

What Sets the Industrial Sector Apart as the Leading Consumer of Condensing Units?

Industrial end-use applications have emerged as the key demand driver in the condensing unit industry. Further, condensing units are in high demand due to the industrial sector's need for dependable and effective cooling solutions to ensure optimal working conditions in factories, warehouses, and manufacturing facilities.

Large-scale cooling requirements in industrial applications frequently necessitate large-capacity units. Moreover, the need to minimize operating costs, manage energy consumption, and provide constant cooling performance in industrial settings has positioned this sector as a significant growth driver in the condensing unit market.

Regional Outlook

Country Market CAGR (From 2023 to 2033)
China 6.10%
India 6.70%
The United Kingdom 5.80%

What is the Contribution of North America in Developing the Global Unit Market?

The Presence of Established Players in the Region benefits the Market

According to the analysis, North America is expected to dominate the global condensing unit market during the forecast period. The United States is likely to make the maximum contribution to strengthening the industry. In 2023, the region is expected to secure 27.4% of global revenue. Domination of the region can be attributed to the presence of established players in the region taking various initiatives.

  • In March 2018, KeepRite Refrigeration launched a new generation of condensing units. The products are KEZ SCROLL Condensing Units, KEH HERMETIC Condensing Units, and KES SEMI-HERMETIC Condensing Units.

This product launch has helped the company to widen its product portfolio across the region. Such factors are expected to aid market expansion in the forecast period.

What is the Role of Europe in Expanding the Global Condensing Unit Market?

Increasing Demand for Condensing Units in Commercial and Industrial Sectors to Escalate the Market in Europe

According to the analysis, Europe is likely to be the second-largest market during the forecast period. In 2023, the region is anticipated to claim 20.5% of the global revenue. This can be attributed to the growing demand for condensing units in commercial and industrial sectors.

The players in the region are taking various initiatives to expand their reach in the region which is likely to benefit the regional industry in the coming time.

  • In September 2019, BITZER SE announced the expansion of the production capacity of its Rottenburg-Hailfingen plant, located in Germany. The plant started the production of CRF, CXP, CXP, and McDEW condensers.

It was expected to offer direct-expansion evaporators as of January 2020. The expansion helped the company meet the rising demand for condensing units in Europe.

How is Asia Pacific Expected to Strengthen the Global Condensing Unit Market?

Increasing Demand for Ready-to-Cook Food to Spur the Market

As per the analysis, Asia Pacific is anticipated to be a significantly-growing market during the forecast period. This can be attributed to the presence of various developing countries experiencing a rise in disposable income, resulting in enhanced demand for ready-to-cook food.

Developing countries like India, China, Japan, and others, are likely to make the most significant contribution to strengthening the regional market.

Country Market Share (2023)
The United States 25.50%
Germany 7.80%
Japan 9.10%
Australia 7.10%

What Marketing Tactics Can Manufacturers Utilize To Promote Condensing Unit Market?

  • To attract environmentally sensitive clients, emphasize energy efficiency and cost savings.
  • Showcase the dependability and long-term durability of condensing units.
  • To develop trust and confidence in the product, provide complete technical support.
  • Provide customization choices to meet the demands of unique customers.
  • Use digital marketing channels to reach out to a large audience and generate leads.
  • Work with reputed distributors to broaden your market reach.
  • Participate in trade exhibitions to display condensing units and keep up to date on market developments.
  • To attract price-conscious customers, offer competitive pricing tactics and promotions.
  • Highlight adherence to industry safety and quality assurance norms and standards.

How are Start-ups Contributing to the Development of Condensing Unit Market?

CleverHeat (Philippines), Alaz Arima (Spain), Fenagy (Denmark), Reftronix (Denmark), and Delta Development Team (USA), among others, are some of the emerging entities in the global condensing unit industry.

New condensing unit manufacturers adopt modern technologies, which are expected to strengthen the industry in the assessment period.

  • Alas, Arima, a Spanish startup offers phase cooling technology. The startup’s thermosyphon-based solutions transfer heat from one place to another with better equivalent thermal conductance than any other element.

The lack of any moving parts in the system increases its efficiency and removes the effects of friction. Alas, Arima’s technology finds applications in the cooling of electrical equipment such as inverters and charging stations.

Key Segmentation

By Type:

  • Air-Cooled
  • Water Cooled
  • Fan Cooled

By Refrigerant Type:

  • R404A
  • R134a
  • R407A/R407C/R407F
  • R507A or R22
  • Green Refrigerants

By Compressor Technology:

  • Reciprocating
  • Hermetic
  • Semi-Hermetic
  • Open
  • Rotary
  • Scroll
  • Rotary Vane
  • Screw
  • Centrifugal

By Application:

  • High-Temperature
  • Medium Temperature
  • Low Temperature

By End Use:

  • Residential
  • Commercial
  • Industrial

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America

Frequently Asked Questions

Why is the China market witnessing higher growth?

The growing demand for air conditioning systems in China is driving the growth of the Condensing Unit Market in the region. The FGD (Fluorinated Greenhouse Gases) phasedown policy in China is also driving the demand for more efficient air conditioning systems, which require condensing units.

Why are the sales of Condensing Units surging in Germany?

The increasing demand for energy-efficient buildings in Germany is driving the demand for condensing units. The HJK (High Efficiency Kilowatt) standard for air conditioning systems in Germany is also driving the demand for more efficient condensing units.

What is driving the adoption of Condensing Unit?

The booming IT sector is necessitating the adoption of condensing units to cool data centers. The increasing demand for energy-efficient buildings is also driving the adoption of condensing units.

What is the contribution of the United States in Condensing Unit Market?

The United States held 25% of the global market share in 2022.

Which region presents lucrative growth opportunities?

The Asia Pacific region is projected to witness a CAGR of 6.6% through 2033.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033

        5.3.1. Air-Cooled

        5.3.2. Water Cooled

        5.3.3. Fan Cooled

    5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033

6. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Refrigerant Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Refrigerant Type, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Refrigerant Type, 2023 to 2033

        6.3.1. R404A

        6.3.2. R134a

        6.3.3. R407A/R407C/R407F

        6.3.4. R507A or R22

        6.3.5. Green Refrigerants

    6.4. Y-o-Y Growth Trend Analysis By Refrigerant Type, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Refrigerant Type, 2023 to 2033

7. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Compressor Technology

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Compressor Technology, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Compressor Technology, 2023 to 2033

        7.3.1. Reciprocating

        7.3.2. Hermetic

        7.3.3. Semi-Hermetic

        7.3.4. Open

        7.3.5. Rotary

        7.3.6. Scroll

        7.3.7. Rotary Vane

        7.3.8. Screw

        7.3.9. Centrifugal

    7.4. Y-o-Y Growth Trend Analysis By Compressor Technology, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Compressor Technology, 2023 to 2033

8. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application , 2018 to 2022

    8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application , 2023 to 2033

        8.3.1. High-Temperature

        8.3.2. Medium Temperature

        8.3.3. Low Temperature

    8.4. Y-o-Y Growth Trend Analysis By Application , 2018 to 2022

    8.5. Absolute $ Opportunity Analysis By Application , 2023 to 2033

9. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use

    9.1. Introduction / Key Findings

    9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2018 to 2022

    9.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2023 to 2033

        9.3.1. Residential

        9.3.2. Commercial

        9.3.3. Industrial

    9.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022

    9.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033

10. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    10.1. Introduction

    10.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022

    10.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Western Europe

        10.3.4. Eastern Europe

        10.3.5. South Asia and Pacific

        10.3.6. East Asia

        10.3.7. Middle East and Africa

    10.4. Market Attractiveness Analysis By Region

11. North America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. U.S.

            11.2.1.2. Canada

        11.2.2. By Type

        11.2.3. By Refrigerant Type

        11.2.4. By Compressor Technology

        11.2.5. By Application

        11.2.6. By End Use

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Type

        11.3.3. By Refrigerant Type

        11.3.4. By Compressor Technology

        11.3.5. By Application

        11.3.6. By End Use

    11.4. Key Takeaways

12. Latin America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. Brazil

            12.2.1.2. Mexico

            12.2.1.3. Rest of Latin America

        12.2.2. By Type

        12.2.3. By Refrigerant Type

        12.2.4. By Compressor Technology

        12.2.5. By Application

        12.2.6. By End Use

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Type

        12.3.3. By Refrigerant Type

        12.3.4. By Compressor Technology

        12.3.5. By Application

        12.3.6. By End Use

    12.4. Key Takeaways

13. Western Europe Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. Germany

            13.2.1.2. U.K.

            13.2.1.3. France

            13.2.1.4. Spain

            13.2.1.5. Italy

            13.2.1.6. Rest of Western Europe

        13.2.2. By Type

        13.2.3. By Refrigerant Type

        13.2.4. By Compressor Technology

        13.2.5. By Application

        13.2.6. By End Use

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Type

        13.3.3. By Refrigerant Type

        13.3.4. By Compressor Technology

        13.3.5. By Application

        13.3.6. By End Use

    13.4. Key Takeaways

14. Eastern Europe Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. Poland

            14.2.1.2. Russia

            14.2.1.3. Czech Republic

            14.2.1.4. Romania

            14.2.1.5. Rest of Eastern Europe

        14.2.2. By Type

        14.2.3. By Refrigerant Type

        14.2.4. By Compressor Technology

        14.2.5. By Application

        14.2.6. By End Use

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Type

        14.3.3. By Refrigerant Type

        14.3.4. By Compressor Technology

        14.3.5. By Application

        14.3.6. By End Use

    14.4. Key Takeaways

15. South Asia and Pacific Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. India

            15.2.1.2. Bangladesh

            15.2.1.3. Australia

            15.2.1.4. New Zealand

            15.2.1.5. Rest of South Asia and Pacific

        15.2.2. By Type

        15.2.3. By Refrigerant Type

        15.2.4. By Compressor Technology

        15.2.5. By Application

        15.2.6. By End Use

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Type

        15.3.3. By Refrigerant Type

        15.3.4. By Compressor Technology

        15.3.5. By Application

        15.3.6. By End Use

    15.4. Key Takeaways

16. East Asia Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    16.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    16.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        16.2.1. By Country

            16.2.1.1. China

            16.2.1.2. Japan

            16.2.1.3. South Korea

        16.2.2. By Type

        16.2.3. By Refrigerant Type

        16.2.4. By Compressor Technology

        16.2.5. By Application

        16.2.6. By End Use

    16.3. Market Attractiveness Analysis

        16.3.1. By Country

        16.3.2. By Type

        16.3.3. By Refrigerant Type

        16.3.4. By Compressor Technology

        16.3.5. By Application

        16.3.6. By End Use

    16.4. Key Takeaways

17. Middle East and Africa Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    17.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    17.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        17.2.1. By Country

            17.2.1.1. GCC Countries

            17.2.1.2. South Africa

            17.2.1.3. Israel

            17.2.1.4. Rest of MEA

        17.2.2. By Type

        17.2.3. By Refrigerant Type

        17.2.4. By Compressor Technology

        17.2.5. By Application

        17.2.6. By End Use

    17.3. Market Attractiveness Analysis

        17.3.1. By Country

        17.3.2. By Type

        17.3.3. By Refrigerant Type

        17.3.4. By Compressor Technology

        17.3.5. By Application

        17.3.6. By End Use

    17.4. Key Takeaways

18. Key Countries Analysis

    18.1. U.S.

        18.1.1. Pricing Analysis

        18.1.2. Market Share Analysis, 2022

            18.1.2.1. By Type

            18.1.2.2. By Refrigerant Type

            18.1.2.3. By Compressor Technology

            18.1.2.4. By Application

            18.1.2.5. By End Use

    18.2. Canada

        18.2.1. Pricing Analysis

        18.2.2. Market Share Analysis, 2022

            18.2.2.1. By Type

            18.2.2.2. By Refrigerant Type

            18.2.2.3. By Compressor Technology

            18.2.2.4. By Application

            18.2.2.5. By End Use

    18.3. Brazil

        18.3.1. Pricing Analysis

        18.3.2. Market Share Analysis, 2022

            18.3.2.1. By Type

            18.3.2.2. By Refrigerant Type

            18.3.2.3. By Compressor Technology

            18.3.2.4. By Application

            18.3.2.5. By End Use

    18.4. Mexico

        18.4.1. Pricing Analysis

        18.4.2. Market Share Analysis, 2022

            18.4.2.1. By Type

            18.4.2.2. By Refrigerant Type

            18.4.2.3. By Compressor Technology

            18.4.2.4. By Application

            18.4.2.5. By End Use

    18.5. Germany

        18.5.1. Pricing Analysis

        18.5.2. Market Share Analysis, 2022

            18.5.2.1. By Type

            18.5.2.2. By Refrigerant Type

            18.5.2.3. By Compressor Technology

            18.5.2.4. By Application

            18.5.2.5. By End Use

    18.6. U.K.

        18.6.1. Pricing Analysis

        18.6.2. Market Share Analysis, 2022

            18.6.2.1. By Type

            18.6.2.2. By Refrigerant Type

            18.6.2.3. By Compressor Technology

            18.6.2.4. By Application

            18.6.2.5. By End Use

    18.7. France

        18.7.1. Pricing Analysis

        18.7.2. Market Share Analysis, 2022

            18.7.2.1. By Type

            18.7.2.2. By Refrigerant Type

            18.7.2.3. By Compressor Technology

            18.7.2.4. By Application

            18.7.2.5. By End Use

    18.8. Spain

        18.8.1. Pricing Analysis

        18.8.2. Market Share Analysis, 2022

            18.8.2.1. By Type

            18.8.2.2. By Refrigerant Type

            18.8.2.3. By Compressor Technology

            18.8.2.4. By Application

            18.8.2.5. By End Use

    18.9. Italy

        18.9.1. Pricing Analysis

        18.9.2. Market Share Analysis, 2022

            18.9.2.1. By Type

            18.9.2.2. By Refrigerant Type

            18.9.2.3. By Compressor Technology

            18.9.2.4. By Application

            18.9.2.5. By End Use

    18.10. Poland

        18.10.1. Pricing Analysis

        18.10.2. Market Share Analysis, 2022

            18.10.2.1. By Type

            18.10.2.2. By Refrigerant Type

            18.10.2.3. By Compressor Technology

            18.10.2.4. By Application

            18.10.2.5. By End Use

    18.11. Russia

        18.11.1. Pricing Analysis

        18.11.2. Market Share Analysis, 2022

            18.11.2.1. By Type

            18.11.2.2. By Refrigerant Type

            18.11.2.3. By Compressor Technology

            18.11.2.4. By Application

            18.11.2.5. By End Use

    18.12. Czech Republic

        18.12.1. Pricing Analysis

        18.12.2. Market Share Analysis, 2022

            18.12.2.1. By Type

            18.12.2.2. By Refrigerant Type

            18.12.2.3. By Compressor Technology

            18.12.2.4. By Application

            18.12.2.5. By End Use

    18.13. Romania

        18.13.1. Pricing Analysis

        18.13.2. Market Share Analysis, 2022

            18.13.2.1. By Type

            18.13.2.2. By Refrigerant Type

            18.13.2.3. By Compressor Technology

            18.13.2.4. By Application

            18.13.2.5. By End Use

    18.14. India

        18.14.1. Pricing Analysis

        18.14.2. Market Share Analysis, 2022

            18.14.2.1. By Type

            18.14.2.2. By Refrigerant Type

            18.14.2.3. By Compressor Technology

            18.14.2.4. By Application

            18.14.2.5. By End Use

    18.15. Bangladesh

        18.15.1. Pricing Analysis

        18.15.2. Market Share Analysis, 2022

            18.15.2.1. By Type

            18.15.2.2. By Refrigerant Type

            18.15.2.3. By Compressor Technology

            18.15.2.4. By Application

            18.15.2.5. By End Use

    18.16. Australia

        18.16.1. Pricing Analysis

        18.16.2. Market Share Analysis, 2022

            18.16.2.1. By Type

            18.16.2.2. By Refrigerant Type

            18.16.2.3. By Compressor Technology

            18.16.2.4. By Application

            18.16.2.5. By End Use

    18.17. New Zealand

        18.17.1. Pricing Analysis

        18.17.2. Market Share Analysis, 2022

            18.17.2.1. By Type

            18.17.2.2. By Refrigerant Type

            18.17.2.3. By Compressor Technology

            18.17.2.4. By Application

            18.17.2.5. By End Use

    18.18. China

        18.18.1. Pricing Analysis

        18.18.2. Market Share Analysis, 2022

            18.18.2.1. By Type

            18.18.2.2. By Refrigerant Type

            18.18.2.3. By Compressor Technology

            18.18.2.4. By Application

            18.18.2.5. By End Use

    18.19. Japan

        18.19.1. Pricing Analysis

        18.19.2. Market Share Analysis, 2022

            18.19.2.1. By Type

            18.19.2.2. By Refrigerant Type

            18.19.2.3. By Compressor Technology

            18.19.2.4. By Application

            18.19.2.5. By End Use

    18.20. South Korea

        18.20.1. Pricing Analysis

        18.20.2. Market Share Analysis, 2022

            18.20.2.1. By Type

            18.20.2.2. By Refrigerant Type

            18.20.2.3. By Compressor Technology

            18.20.2.4. By Application

            18.20.2.5. By End Use

    18.21. GCC Countries

        18.21.1. Pricing Analysis

        18.21.2. Market Share Analysis, 2022

            18.21.2.1. By Type

            18.21.2.2. By Refrigerant Type

            18.21.2.3. By Compressor Technology

            18.21.2.4. By Application

            18.21.2.5. By End Use

    18.22. South Africa

        18.22.1. Pricing Analysis

        18.22.2. Market Share Analysis, 2022

            18.22.2.1. By Type

            18.22.2.2. By Refrigerant Type

            18.22.2.3. By Compressor Technology

            18.22.2.4. By Application

            18.22.2.5. By End Use

    18.23. Israel

        18.23.1. Pricing Analysis

        18.23.2. Market Share Analysis, 2022

            18.23.2.1. By Type

            18.23.2.2. By Refrigerant Type

            18.23.2.3. By Compressor Technology

            18.23.2.4. By Application

            18.23.2.5. By End Use

19. Market Structure Analysis

    19.1. Competition Dashboard

    19.2. Competition Benchmarking

    19.3. Market Share Analysis of Top Players

        19.3.1. By Regional

        19.3.2. By Type

        19.3.3. By Refrigerant Type

        19.3.4. By Compressor Technology

        19.3.5. By Application

        19.3.6. By End Use

20. Competition Analysis

    20.1. Competition Deep Dive

        20.1.1. Emerson Electric Co.

            20.1.1.1. Overview

            20.1.1.2. Product Portfolio

            20.1.1.3. Profitability by Market Segments

            20.1.1.4. Sales Footprint

            20.1.1.5. Strategy Overview

                20.1.1.5.1. Marketing Strategy

                20.1.1.5.2. Product Strategy

                20.1.1.5.3. Channel Strategy

        20.1.2. Danfoss

            20.1.2.1. Overview

            20.1.2.2. Product Portfolio

            20.1.2.3. Profitability by Market Segments

            20.1.2.4. Sales Footprint

            20.1.2.5. Strategy Overview

                20.1.2.5.1. Marketing Strategy

                20.1.2.5.2. Product Strategy

                20.1.2.5.3. Channel Strategy

        20.1.3. Daikin Applied

            20.1.3.1. Overview

            20.1.3.2. Product Portfolio

            20.1.3.3. Profitability by Market Segments

            20.1.3.4. Sales Footprint

            20.1.3.5. Strategy Overview

                20.1.3.5.1. Marketing Strategy

                20.1.3.5.2. Product Strategy

                20.1.3.5.3. Channel Strategy

        20.1.4. Tecumseh Products Company

            20.1.4.1. Overview

            20.1.4.2. Product Portfolio

            20.1.4.3. Profitability by Market Segments

            20.1.4.4. Sales Footprint

            20.1.4.5. Strategy Overview

                20.1.4.5.1. Marketing Strategy

                20.1.4.5.2. Product Strategy

                20.1.4.5.3. Channel Strategy

        20.1.5. Hussmann Corporation

            20.1.5.1. Overview

            20.1.5.2. Product Portfolio

            20.1.5.3. Profitability by Market Segments

            20.1.5.4. Sales Footprint

            20.1.5.5. Strategy Overview

                20.1.5.5.1. Marketing Strategy

                20.1.5.5.2. Product Strategy

                20.1.5.5.3. Channel Strategy

        20.1.6. Voltas Limited

            20.1.6.1. Overview

            20.1.6.2. Product Portfolio

            20.1.6.3. Profitability by Market Segments

            20.1.6.4. Sales Footprint

            20.1.6.5. Strategy Overview

                20.1.6.5.1. Marketing Strategy

                20.1.6.5.2. Product Strategy

                20.1.6.5.3. Channel Strategy

        20.1.7. Patton Ltd

            20.1.7.1. Overview

            20.1.7.2. Product Portfolio

            20.1.7.3. Profitability by Market Segments

            20.1.7.4. Sales Footprint

            20.1.7.5. Strategy Overview

                20.1.7.5.1. Marketing Strategy

                20.1.7.5.2. Product Strategy

                20.1.7.5.3. Channel Strategy

        20.1.8. BITZER KÜHLMASCHINENBAU GMBH

            20.1.8.1. Overview

            20.1.8.2. Product Portfolio

            20.1.8.3. Profitability by Market Segments

            20.1.8.4. Sales Footprint

            20.1.8.5. Strategy Overview

                20.1.8.5.1. Marketing Strategy

                20.1.8.5.2. Product Strategy

                20.1.8.5.3. Channel Strategy

        20.1.9. Rivacold Value (US$ Million) & Volume (Units)ed Kingdom Ltd

            20.1.9.1. Overview

            20.1.9.2. Product Portfolio

            20.1.9.3. Profitability by Market Segments

            20.1.9.4. Sales Footprint

            20.1.9.5. Strategy Overview

                20.1.9.5.1. Marketing Strategy

                20.1.9.5.2. Product Strategy

                20.1.9.5.3. Channel Strategy

        20.1.10. JINAN RETEK INDUSTRIES INC.

            20.1.10.1. Overview

            20.1.10.2. Product Portfolio

            20.1.10.3. Profitability by Market Segments

            20.1.10.4. Sales Footprint

            20.1.10.5. Strategy Overview

                20.1.10.5.1. Marketing Strategy

                20.1.10.5.2. Product Strategy

                20.1.10.5.3. Channel Strategy

        20.1.11. GEA Group

            20.1.11.1. Overview

            20.1.11.2. Product Portfolio

            20.1.11.3. Profitability by Market Segments

            20.1.11.4. Sales Footprint

            20.1.11.5. Strategy Overview

                20.1.11.5.1. Marketing Strategy

                20.1.11.5.2. Product Strategy

                20.1.11.5.3. Channel Strategy

        20.1.12. Blue Star Limited

            20.1.12.1. Overview

            20.1.12.2. Product Portfolio

            20.1.12.3. Profitability by Market Segments

            20.1.12.4. Sales Footprint

            20.1.12.5. Strategy Overview

                20.1.12.5.1. Marketing Strategy

                20.1.12.5.2. Product Strategy

                20.1.12.5.3. Channel Strategy

        20.1.13. Heatcraft Worldwide Refrigeration

            20.1.13.1. Overview

            20.1.13.2. Product Portfolio

            20.1.13.3. Profitability by Market Segments

            20.1.13.4. Sales Footprint

            20.1.13.5. Strategy Overview

                20.1.13.5.1. Marketing Strategy

                20.1.13.5.2. Product Strategy

                20.1.13.5.3. Channel Strategy

        20.1.14. Embraco LLC

            20.1.14.1. Overview

            20.1.14.2. Product Portfolio

            20.1.14.3. Profitability by Market Segments

            20.1.14.4. Sales Footprint

            20.1.14.5. Strategy Overview

                20.1.14.5.1. Marketing Strategy

                20.1.14.5.2. Product Strategy

                20.1.14.5.3. Channel Strategy

21. Assumptions & Acronyms Used

22. Research Methodology

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