The global Industrial Condensing Units Market is estimated to be worth around USD 11.75 Billion in 2022. With bourgeoning demand from various end-use sectors, the overall industrial condensing units market is anticipated to expand at a 5.2% CAGR between 2022 and 2028, reaching a valuation of USD 15.95 Billion by 2028.
| Attribute | Details |
|---|---|
| Industrial Condensing Units Market Estimated Size in 2022 | USD 11.75 Billion |
| Industrial Condensing Units Market Value-based CAGR (2022 to 2028) | 5.2% |
| Industrial Condensing Units Market Projected Size in 2028 | USD 15.95 Billion |
Regionally, South Asia is set to register the fastest growth in the industrial condensing units market, growing at a robust CAGR of 7.5% between 2022 and 2028. Sales in the region are projected to be driven by expanding construction and HoReCa sectors, and growing inclination towards consuming healthy foods.
| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 5.0% |
| H1,2022 Projected (P) | 5.1% |
| H1,2022 Outlook (O) | 4.8% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (-) 30 ↓ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (-) 16 ↓ |
Future Market Insights presents a half-year comparison and insightful analysis of the industrial condensing unit's market growth outlook. Rapid industrialization, urbanization, changing weather conditions, infrastructure developments, and increasing demand from the residential, industrial, and commercial sectors are some of the influences driving the global industrial condensing units market.
The construction industry, as well as the growing hotel, restaurants, and cafes around the world, are enhancing the sales.
The global sales for industrial condensing units witnessed a growth rate of 5.0% over the first half of 2021, as compare to the current estimation, the market had witness a decline of 16 bps points. Further the market growth outlook is expecdt to witness a decrease in the growth rate of 30 BPS as compare to the earlier projecetions for the first half of 2022.
This decrease in the growth outlook is mainly attribute to shutdown of a large area in China, as the country accounts for a key share of the market, overall growth had been impacted to a certain extent.
The rising need for advanced refrigeration across various application areas such as hospitals, power plants, transportation containers, and cooling systems is anticipated to create lucrative prospects within the industrial condensing units market. The year-over-year growth of the market is expected to increase in the coming years.
The development of novel industrial condensing units with low carbon emission potential refrigerants, good energy performance ratios, and trouble-free installation has been aided by advancements in condensing technology is expected to remain a key market trend.
The global industrial condensing units market is set to grow at a steady CAGR of 5.2% between 2022 and 2028, in comparison to the 5.0% CAGR registered from 2013 to 2021.
As per FMI, rapid industrialization, changing weather conditions, increasing expenditure on infrastructure development and surging demand from the industrial, residential and commercial sectors are some of the factors driving the global industrial condensing units market.
Expansion of the construction industry along with the booming HoReCa sector across the globe is boosting the sales in the market.
Growing need for advanced refrigeration across various application areas such as hospitals, power plants, transportation containers and cooling systems is anticipated to create lucrative prospects within the industrial condensing units market.
Advancement in condensing technology has paved way for the development of innovative industrial condensing units with low GWP (global warming potential) refrigerants, high energy performance ratio and trouble-free installation. Leading manufacturers are investing in research and development to improve their product portfolios, which is expected to boost the market in the forthcoming years.
Backed by the aforementioned factors, the market volume for industrial condensing units market is set to expand 1.3X through 2028.
Expansion of the commercial sector across both developed and developing countries due to increasing investment, growing population, rapid urbanization, and economic boom is expected to have a profound impact on the industrial condensing units market.
Rising number of retail stores, restaurants, warehouses, offices, data centers and hotels is spurring demand for industrial condensing units.
Growing food insecurity issue due to excessive wastage of food is prompting manufacturers to adopt better storage facilities. According to the Food and Agriculture Organization of the United Nations, an estimated 1/3 (approx. 1.3 billion tonnes) food produced globally is lost or goes to waste.
Lack of better storage and cooling facilities mainly at the early stages of food value chain is one of the major factors which increases food waste. To address this issue, large number of industrial condensing units are being employed across retail stores, colling facilities, transportation containers, restaurants, and warehouses.
These units provide a suitable temperature and help to extend the shelf life of food products.
Similarly, adoption of industrial condensing units in commercial buildings and data centers will continue to create growth prospects within the industrial condensing units market over the forecast period.
Booming Real Estate Sector is Boosting Sales of Industrial Condensing Units in India
India is emerging as one of the most lucrative markets for industrial condensing units across South Asia. Increasing need for energy saving refrigerant condensing units in industrial and commercial sectors, presence of leading domestic and international market players, and changing climatic conditions are some of the factors driving the India industrial condensing units market.
With rising population and growing food concerns, the Indian government is putting various efforts to develop the country's industrial and commercial infrastructure. Expansion of real estate industry is playing a key role in driving the industrial condensing units market.
The Indian real estate sector has witnessed significant growth in recent times due to increasing establishments of office as well as residential spaces According to the Indian Brand Equity Foundation (IBEF), real estate sector in India, comprising housing, retail, hospitality and commercial sub sectors, is projected to reach around USD 1 trillion by 2030.
Rising adoption of industrial condensing units across diverse applications such as blood banks, food storage facilities, pharmacies and retail stores is anticipated to boost the growth of industrial condensing units market in India during the forecast period.
As per FMI, the South Asia industrial condensing units market, spearheaded by India is set to expand at a robust CAGR of 7.5% between 2022 and 2028.
Rising Food Waste Concerns are Boosting Sales in the USA Industrial Condensing Units Market
Owing to rapid industrialization, heavy presence of leading market players and surging demand for commercial refrigeration, the USA will continue to remain the hub of industrial condensing units during the forecast period.
Rising disposable income coupled with changing lifestyle is creating huge demand for processed and packaged food items across the country. However, unsuitable temperature during transportation and storage of food items is resulting in the food wastage.
According to the United States Department of Agriculture (USDA), around 30-40% of the food supply is lost or goes to waste in the USA in order to minimize this loss, large number of industrial condensing units are being employed in food manufacturing industry, retail stores, transportation containers, restaurants and hotels. This is in turn accelerating the growth in the market.
Moreover, continuous advancement in refrigeration technology along with increasing adoption of modern ecofriendly industrial condensing units across diverse industries will continue to boost the growth in the USA market over the forecast period.
Based on the aforementioned factors, a CAGR of 4.5% has been predicted for North America industrial condensing units market between 2022 and 2028.
China is estimated to account for the lion’s share in the East Asia condensing units market, in terms of value. The government of China is encouraging the use of natural refrigerants in many applications. These refrigerants are particularly preferred in heat pumps, room air conditioners, industrial and commercial uses.
The construction industry forms an important pillar of the China's national economy. Rapid industrialization, urbanization and growth of commercial sector are creating significant demand for better cooling and refrigeration systems such as HVAC.
Technological advancements across the country have paved way for the development of advanced air conditioning units with low noise, high efficiency, and cost-effective features.
Amid increasing adoption for industrial conditioning units across most of the industrial and commercial structures in China, East Asia market is forecast to grow at a healthy CAGR of 5.6% over the forecast period.
Based on installation, the global industrial condensing units market is segmented into new installation and retrofit. Among these, new installation segment dominates the global industrial condensing units market and is projected to dominate the market during the forecast period.
Installation of new industrial conditioning units offer various advantages including higher efficiency, proper sizing and helps in saving money. For these reasons, majority of the people prefer new installations over retrofit.
Increasing adoption of new industrial condensing units across various end-use sectors is anticipated to boost the growth of industrial condensing units market through 2028.
End Users Prefer Air-cooled Industrial Condensing Units in Most Cases
The air-cooled condensing segment is anticipated to grow at the highest CAGR over the forecast period. These are usually smaller in size, easy to install and require low maintenance. Moreover, they do not require cooling water for the condensing or refrigeration process. Thus, they promote the idea of water conservation.
Thanks to its various advantages, air cooled industrial condensing units remain the most preferred product across commercial applications. Additionally, scarcity of water globally is fueling the adoption of air-cooled industrial condensing units and the trend is likely to continue in the future.
In terms of application, the outdoor-based refrigeration segment is expected to dominate the market over the forecast period.
Growing popularity of outdoor condensing units for addressing drastic climatic changes across various counties will drive the global industrial units market over the forecast period. Moreover, recent advances in outdoor condensing unit technology is positively impacting the growth in this segment.
Majority of Sales to Remain Concentrated in Commercial Refrigeration
As per FMI, commercial refrigeration segment will continue to dominate the global industrial condensing units market over the forecast period.
With increasing number of malls, hotels, restraints, offices, warehouses, and retail stores, sales of industrial condensing units are surging rapidly. These condensing units are being extensively utilized for providing advanced refrigeration across commercial applications.
Superior performance benefits offered by industrial condensing units make them a viable investment for commercial refrigeration applications. Expansion of the commercial sector across the globe, coupled with increasing adoption of industrial condensing units for food storage will continue to boost the sales during the forecast period.
Scroll Compressor Remains the Most Preferred Type
On the basis of compressor type, the global industrial condensing units market has been segmented into reciprocating, screw, centrifugal, rotary and scroll. Among these, scroll compressor remains the most preferred type used in industrial condensing units. They have gained wide acceptance in commercial application during the last few years.
Scroll compressors run quieter and smoother than other compressor types as they have only two moving parts. The presence of lesser parts make scroll compressor energy efficient more reliable and less prone to mechanical failure.
Moreover, compactness and lightweight of scroll compressors is fueling their adoption in industrial condensing units.
The industrial condensing units market is highly competitive in nature. Leading market players are constantly upgrading their product portfolios. Besides this, they are adopting various organic and inorganic strategies such as mergers, partnerships, collaborations and acquisitions to gain a competitive edge. For instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2028 |
| Historical Data Available for | 2013 to 2021 |
| Market Analysis | Units for Volume and USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; India; and the Middle East & Africa |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, The UK, France, Italy, Spain, Russia, Poland, China, Japan, South Korea, India, ASEAN, Turkey and South Africa |
| Key Segments Covered | Capacity, Installation, Technology, Application, End Use, Compressor Type, and Region |
| Key Companies Profiled | Emerson Electric Co.; Embraco; Tecumseh Products Company LLC; The Danfoss Group; Mitsubishi Electric Corporation; GEEA Group AG,; Bitzer SE; Daikin Applied Systems Co. Ltd.; Hasegawa Refrigeration Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Table 01: Global Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Technology
Table 02: Global Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Application
Table 03: Global Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Installation
Table 04: Global Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by End Use
Table 05: Global Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Compressor Type
Table 06: Global Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Capacity
Table 07: Global Market Value (US$ Mn) Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Region
Table 08: North America Market Value (US$ Mn) Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Country
Table 09: North America Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Capacity
Table 10: North America Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Technology
Table 11: North America Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Application
Table 12: North America Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Installation
Table 13: North America Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by End Use
Table 14: North America Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Compressor Type
Table 15: Latin America Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Country
Table 16: Latin America Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Capacity
Table 17: Latin America Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Technology
Table 18: Latin America Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Application
Table 19: Latin America Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Installation
Table 20: Latin America Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by End Use
Table 21: Latin America Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Compressor Type
Table 22: Europe Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Country
Table 23: Europe Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Capacity
Table 24: Europe Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Technology
Table 25: Europe Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Application
Table 26: Europe Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Installation
Table 27: Europe Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by End Use
Table 28: Europe Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Compressor Type
Table 29: East Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Country
Table 30: East Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Capacity
Table 31: East Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Technology
Table 32: East Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Application
Table 33: East Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Installation
Table 34: East Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by End Use
Table 35: East Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Compressor Type
Table 36: South Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Country
Table 37: South Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Capacity
Table 38: South Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Technology
Table 39: South Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Application
Table 40: South Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Installation
Table 41: South Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by End Use
Table 42: South Asia Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Compressor Type
Table 43: Oceania Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Country
Table 44: Oceania Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Capacity
Table 45: Oceania Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Technology
Table 46: Oceania Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Application
Table 47: Oceania Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Installation
Table 48: Oceania Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by End Use
Table 49: Oceania Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Compressor Type
Table 50: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Country
Table 51: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Capacity
Table 52: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Technology
Table 53: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Application
Table 54: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Installation
Table 55: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by End Use
Table 56: Middle East & Africa Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2021 and Forecast 2022 – 2028 by Compressor Type
Figure 01: Real GDP Growth by Region, 2013 - 2028
Figure 02: Industry Value-Added – Percentage Growth, 2013 – 2028
Figure 03: Region Wise GDP in US$ Bn, 2013 - 2028
Figure 04: Global Automotive Production, by Region (2021)
Figure 05: Global Automotive Production Share, by Region (2021)
Figure 06: Regional Consumption by fuel in 2021
Figure 07: Share of Annual Household Expenditure (%) by Products in Prominent Countries, 2010
Figure 08: Share of Annual Household Expenditure (%) by Category for Prominent Countries, 2016
Figure 09: Adjusted Net National Per Capita Income (Current US$), 2013-2016
Figure 10: Global Historical Market Volume (Units) Analysis, 2013-2021
Figure 11: Global Current and Future Market Volume (Units) Analysis, 2022-2028
Figure 12: Global Market Historical Value (US$ Mn), 2013 – 2021
Figure 13: Global Market Value (US$ Mn) Forecast, 2022 – 2028
Figure 14: Global Market Absolute $ Opportunity, 2013 to 2021 and 2028
Figure 15: Global Market Share and BPS Analysis by Technology– 2022 & 2028
Figure 16: Global Market Y-o-Y Growth Projections by Technology, 2022-2028
Figure 17: Global Market Attractiveness by Technology, 2022-2028
Figure 18: Global Market Absolute $ Opportunity by Water Cooled Segment, 2021 – 2028
Figure 19: Global Market Absolute $ Opportunity by Air Cooled Segment, 2021 – 2028
Figure 20: Global Market Share and BPS Analysis by Application– 2022 & 2028
Figure 21: Global Market Y-o-Y Growth Projections by Application, 2022-2028
Figure 22: Global Market Attractiveness by Application, 2022-2028
Figure 23: Global Market Absolute $ Opportunity by Indoor-based Refrigeration Segment, 2021 – 2028
Figure 24: Global Market Absolute $ Opportunity by Outdoor-based Refrigeration Segment, 2021 – 2028
Figure 25: Global Market Share and BPS Analysis by Installation– 2022 & 2028
Figure 26: Global Market Y-o-Y Growth Projections by Installation, 2022-2028
Figure 27: Global Market Attractiveness by Installation, 2022-2028
Figure 28: Global Market Absolute $ Opportunity by New Installation Segment, 2021 – 2028
Figure 29: Global Market Absolute $ Opportunity by Retrofit Segment, 2021 – 2028
Figure 30: Global Market Share and BPS Analysis by End Use– 2022 & 2028
Figure 31: Global Market Y-o-Y Growth Projections by End Use, 2022-2028
Figure 32: Global Market Attractiveness by End Use, 2022-2028
Figure 33: Global Market Absolute $ Opportunity by Domestic Appliances Segment, 2021 – 2028
Figure 34: Global Market Absolute $ Opportunity by Indoor Based Air Conditioners Segment, 2021 – 2028
Figure 35: Global Market Absolute $ Opportunity by Commercial Refrigeration Segment, 2021 – 2028
Figure 36: Global Market Absolute $ Opportunity by Industrial Refrigeration Segment, 2021 – 2028
Figure 37: Global Market Share and BPS Analysis by Compressor Type– 2022 & 2028
Figure 38: Global Market Y-o-Y Growth Projections by Compressor Type, 2022-2028
Figure 39: Global Market Attractiveness by Compressor Type, 2022-2028
Figure 40: Global Market Absolute $ Opportunity by Reciprocating Segment, 2021 – 2028
Figure 41: Global Market Absolute $ Opportunity by Screw Segment, 2021 – 2028
Figure 42: Global Market Absolute $ Opportunity by Centrifugal Segment, 2021 – 2028
Figure 43: Global Market Absolute $ Opportunity by Rotary Segment, 2021 – 2028
Figure 44: Global Market Absolute $ Opportunity by Scroll Segment, 2021 – 2028
Figure 45: Global Market Share and BPS Analysis by Capacity– 2022 & 2028
Figure 46: Global Market Y-o-Y Growth Projections by Capacity, 2022-2028
Figure 47: Global Market Attractiveness by Capacity, 2022-2028
Figure 48: Global Market Absolute $ Opportunity by Up to 1 kW Segment, 2021 – 2028
Figure 49: Global Market Absolute $ Opportunity by 5 - 10 KW Segment, 2021 – 2028
Figure 50: Global Market Absolute $ Opportunity by 11 - 40 kW Segment, 2021 – 2028
Figure 51: Global Market Absolute $ Opportunity by Above 40 kW Segment, 2021 – 2028
Figure 52: Global Market Share & BPS Analysis by Region, 2022 & 2028
Figure 53: Global Market Y-o-Y Growth Projection by Region, 2022-2028
Figure 54: Global Market Attractiveness Analysis by Region, 2022 – 2028
Figure 55: Global Market Absolute $ Opportunity (US$ Mn) by Region, 2013-2028
Figure 56: North America Market Share & BPS Analysis by Country, 2022 & 2028
Figure 57: North America Market Y-o-Y Growth Projection by Country, 2022-2028
Figure 58: North America Market Attractiveness Analysis by Country, 2022 – 2028
Figure 59: U.S. Market Absolute $ Opportunity, 2021 – 2028
Figure 60: Canada Market Absolute $ Opportunity, 2021 – 2028
Figure 61: North America Market Share and BPS Analysis by Capacity– 2022 & 2028
Figure 62: North America Market Y-o-Y Growth Projections by Capacity, 2022-2028
Figure 63: North America Market Attractiveness by Capacity, 2022-2028
Figure 64: North America Market Share and BPS Analysis by Technology– 2022 & 2028
Figure 65: North America Market Y-o-Y Growth Projections by Technology, 2022-2028
Figure 66: North America Market Attractiveness by Technology, 2022-2028
Figure 67: North America Market Share and BPS Analysis by Application– 2022 & 2028
Figure 68: North America Market Y-o-Y Growth Projections by Application, 2022-2028
Figure 69: North America Market Attractiveness by Application, 2022-2028
Figure 70: North America Market Share and BPS Analysis by Installation– 2022 & 2028
Figure 71: North America Market Y-o-Y Growth Projections by Installation, 2022-2028
Figure 72: North America Market Attractiveness by Installation, 2022-2028
Figure 73: North America Market Share and BPS Analysis by End Use– 2022 & 2028
Figure 74: North America Market Y-o-Y Growth Projections by End Use, 2022-2028
Figure 75: North America Market Attractiveness by End Use, 2022-2028
Figure 76: North America Market Share and BPS Analysis by Compressor Type– 2022 & 2028
Figure 77: North America Market Y-o-Y Growth Projections by Compressor Type, 2022-2028
Figure 78: North America Market Attractiveness by Compressor Type, 2022-2028
Figure 79: Latin America Market Share and BPS Analysis by Country– 2022 & 2028
Figure 80: Latin America Market Y-o-Y Growth Projections by Country, 2022-2028
Figure 81: Latin America Market Attractiveness by Country, 2022-2028
Figure 82: Brazil Market Absolute $ Opportunity, 2021 – 2028
Figure 83: Mexico Market Absolute $ Opportunity, 2021 – 2028
Figure 84: Rest of Latin America Market Absolute $ Opportunity, 2021 – 2028
Figure 85: Latin America Market Share and BPS Analysis by Capacity– 2022 & 2028
Figure 86: Latin America Market Y-o-Y Growth Projections by Capacity, 2022-2028
Figure 87: Latin America Market Attractiveness by Capacity, 2022-2028
Figure 88: Latin America Market Share and BPS Analysis by Technology– 2022 & 2028
Figure 89: Latin America Market Y-o-Y Growth Projections by Technology, 2022-2028
Figure 90: Latin America Market Attractiveness by Technology, 2022-2028
Figure 91: Latin America Market Share and BPS Analysis by Application– 2022 & 2028
Figure 92: Latin America Market Y-o-Y Growth Projections by Application, 2022-2028
Figure 93: Latin America Market Attractiveness by Application, 2022-2028
Figure 94: Latin America Market Share and BPS Analysis by Installation– 2022 & 2028
Figure 95: Latin America Market Y-o-Y Growth Projections by Installation, 2022-2028
Figure 96: Latin America Market Attractiveness by Installation, 2022-2028
Figure 97: Latin America Market Share and BPS Analysis by End Use– 2022 & 2028
Figure 98: Latin America Market Y-o-Y Growth Projections by End Use, 2022-2028
Figure 99: Latin America Market Attractiveness by End Use, 2022-2028
Figure 100: Latin America Market Share and BPS Analysis by Compressor Type– 2022 & 2028
Figure 101: Latin America Market Y-o-Y Growth Projections by Compressor Type, 2022-2028
Figure 102: Latin America Market Attractiveness by Compressor Type, 2022-2028
Figure 103: Europe Market Share and BPS Analysis by Country– 2022 & 2028
Figure 104: Europe Market Y-o-Y Growth Projections by Country, 2022-2028
Figure 105: Europe Market Attractiveness by Country, 2022-2028
Figure 106: Germany Market Absolute $ Opportunity, 2021 – 2028
Figure 107: Italy Market Absolute $ Opportunity, 2021 – 2028
Figure 108: France Market Absolute $ Opportunity, 2021 – 2028
Figure 109: U.K. Market Absolute $ Opportunity, 2021 – 2028
Figure 110: Poland Market Absolute $ Opportunity, 2021 – 2028
Figure 111: Russia Market Absolute $ Opportunity, 2021 – 2028
Figure 112: Rest of Europe Market Absolute $ Opportunity, 2021 – 2028
Figure 113: Europe Market Share and BPS Analysis by Capacity– 2022 & 2028
Figure 114: Europe Market Y-o-Y Growth Projections by Capacity, 2022-2028
Figure 115: Europe Market Attractiveness by Capacity, 2022-2028
Figure 116: Europe Market Share and BPS Analysis by Technology– 2022 & 2028
Figure 117: Europe Market Y-o-Y Growth Projections by Technology, 2022-2028
Figure 118: Europe Market Attractiveness by Technology, 2022-2028
Figure 119: Europe Market Share and BPS Analysis by Application– 2022 & 2028
Figure 120: Europe Market Y-o-Y Growth Projections by Application, 2022-2028
Figure 121: Europe Market Attractiveness by Application, 2022-2028
Figure 122: Europe Market Share and BPS Analysis by Installation– 2022 & 2028
Figure 123: Europe Market Y-o-Y Growth Projections by Installation, 2022-2028
Figure 124: Europe Market Attractiveness by Installation, 2022-2028
Figure 125: Europe Market Share and BPS Analysis by End Use– 2022 & 2028
Figure 126: Europe Market Y-o-Y Growth Projections by End Use, 2022-2028
Figure 127: Europe Market Attractiveness by End Use, 2022-2028
Figure 128: Europe Market Share and BPS Analysis by Compressor Type– 2022 & 2028
Figure 129: Europe Market Y-o-Y Growth Projections by Compressor Type, 2022-2028
Figure 130: Europe Market Attractiveness by Compressor Type, 2022-2028
Figure 131: East Asia Market Share and BPS Analysis by Country– 2022 & 2028
Figure 132: East Asia Market Y-o-Y Growth Projections by Country, 2022-2028
Figure 133: East Asia Market Attractiveness by Country, 2022-2028
Figure 134: China Market Absolute $ Opportunity, 2021 – 2028
Figure 135: Japan Market Absolute $ Opportunity, 2021 – 2028
Figure 136: South Korea Market Absolute $ Opportunity, 2021 – 2028
Figure 137: East Asia Market Share and BPS Analysis by Capacity– 2022 & 2028
Figure 138: East Asia Market Y-o-Y Growth Projections by Capacity, 2022-2028
Figure 139: East Asia Market Attractiveness by Capacity, 2022-2028
Figure 140: East Asia Market Share and BPS Analysis by Technology– 2022 & 2028
Figure 141: East Asia Market Y-o-Y Growth Projections by Technology, 2022-2028
Figure 142: East Asia Market Attractiveness by Technology, 2022-2028
Figure 143: East Asia Market Share and BPS Analysis by Application– 2022 & 2028
Figure 144: East Asia Market Y-o-Y Growth Projections by Application, 2022-2028
Figure 145: East Asia Market Attractiveness by Application, 2022-2028
Figure 146: East Asia Market Share and BPS Analysis by Installation– 2022 & 2028
Figure 147: East Asia Market Y-o-Y Growth Projections by Installation, 2022-2028
Figure 148: East Asia Market Attractiveness by Installation, 2022-2028
Figure 149: East Asia Market Share and BPS Analysis by End Use– 2022 & 2028
Figure 150: East Asia Market Y-o-Y Growth Projections by End Use, 2022-2028
Figure 151: East Asia Market Attractiveness by End Use, 2022-2028
Figure 152: East Asia Market Share and BPS Analysis by Compressor Type– 2022 & 2028
Figure 153: East Asia Market Y-o-Y Growth Projections by Compressor Type, 2022-2028
Figure 154: East Asia Market Attractiveness by Compressor Type, 2022-2028
Figure 155: South Asia Market Share and BPS Analysis by Country– 2022 & 2028
Figure 156: South Asia Market Y-o-Y Growth Projections by Country, 2022-2028
Figure 157: South Asia Market Attractiveness by Country, 2022-2028
Figure 158: India Market Absolute $ Opportunity, 2021 – 2028
Figure 159: ASEAN Countries Market Absolute $ Opportunity, 2021 – 2028
Figure 160: Rest of South Asia Market Absolute $ Opportunity, 2021 – 2028
Figure 161: South Asia Market Share and BPS Analysis by Capacity– 2022 & 2028
Figure 162: South Asia Market Y-o-Y Growth Projections by Capacity, 2022-2028
Figure 163: South Asia Market Attractiveness by Capacity, 2022-2028
Figure 164: South Asia Market Share and BPS Analysis by Technology– 2022 & 2028
Figure 165: South Asia Market Y-o-Y Growth Projections by Technology, 2022-2028
Figure 166: South Asia Market Attractiveness by Technology, 2022-2028
Figure 167: South Asia Market Share and BPS Analysis by Application– 2022 & 2028
Figure 168: South Asia Market Y-o-Y Growth Projections by Application, 2022-2028
Figure 169: South Asia Market Attractiveness by Application, 2022-2028
Figure 170: South Asia Market Share and BPS Analysis by Installation– 2022 & 2028
Figure 171: South Asia Market Y-o-Y Growth Projections by Installation, 2022-2028
Figure 172: South Asia Market Attractiveness by Installation, 2022-2028
Figure 173: South Asia Market Share and BPS Analysis by End Use– 2022 & 2028
Figure 174: South Asia Market Y-o-Y Growth Projections by End Use, 2022-2028
Figure 175: South Asia Market Attractiveness by End Use, 2022-2028
Figure 176: South Asia Market Share and BPS Analysis by Compressor Type– 2022 & 2028
Figure 177: South Asia Market Y-o-Y Growth Projections by Compressor Type, 2022-2028
Figure 178: South Asia Market Attractiveness by Compressor Type, 2022-2028
Figure 179: Oceania Market Share and BPS Analysis by Country– 2022 & 2028
Figure 180: Oceania Market Y-o-Y Growth Projections by Country, 2022-2028
Figure 181: Oceania Market Attractiveness by Country, 2022-2028
Figure 182: Australia Market Absolute $ Opportunity, 2021 – 2028
Figure 183: New Zealand Market Absolute $ Opportunity, 2021 – 2028
Figure 184: Oceania Market Share and BPS Analysis by Capacity– 2022 & 2028
Figure 185: Oceania Market Y-o-Y Growth Projections by Capacity, 2022-2028
Figure 186: Oceania Market Attractiveness by Capacity, 2022-2028
Figure 187: Oceania Market Share and BPS Analysis by Technology– 2022 & 2028
Figure 188: Oceania Market Y-o-Y Growth Projections by Technology, 2022-2028
Figure 189: Oceania Market Attractiveness by Technology, 2022-2028
Figure 190: Oceania Market Share and BPS Analysis by Application– 2022 & 2028
Figure 191: Oceania Market Y-o-Y Growth Projections by Application, 2022-2028
Figure 192: Oceania Market Attractiveness by Application, 2022-2028
Figure 193: Oceania Market Share and BPS Analysis by Installation– 2022 & 2028
Figure 194: Oceania Market Y-o-Y Growth Projections by Installation, 2022-2028
Figure 195: Oceania Market Attractiveness by Installation, 2022-2028
Figure 196: Oceania Market Share and BPS Analysis by End Use– 2022 & 2028
Figure 197: Oceania Market Y-o-Y Growth Projections by End Use, 2022-2028
Figure 198: Oceania Market Attractiveness by End Use, 2022-2028
Figure 199: Oceania Market Share and BPS Analysis by Compressor Type– 2022 & 2028
Figure 200: Oceania Market Y-o-Y Growth Projections by Compressor Type, 2022-2028
Figure 201: Oceania Market Attractiveness by Compressor Type, 2022-2028
Figure 202: Middle East & Africa Market Share and BPS Analysis by Country– 2022 & 2028
Figure 203: Middle East & Africa Market Y-o-Y Growth Projections by Country, 2022-2028
Figure 204: Middle East & Africa Market Attractiveness by Country, 2022-2028
Figure 205: GCC Countries Market Absolute $ Opportunity, 2021 – 2028
Figure 206: Turkey Market Absolute $ Opportunity, 2021 – 2028
Figure 207: Northern Africa Market Absolute $ Opportunity, 2021 – 2028
Figure 208: South Africa Market Absolute $ Opportunity, 2021 – 2028
Figure 209: Rest of MEA Market Absolute $ Opportunity, 2021 – 2028
Figure 210: Middle East & Africa Market Share and BPS Analysis by Capacity– 2022 & 2028
Figure 211: Middle East & Africa Market Y-o-Y Growth Projections by Capacity, 2022-2028
Figure 212: Middle East & Africa Market Attractiveness by Capacity, 2022-2028
Figure 213: Middle East & Africa Market Share and BPS Analysis by Technology– 2022 & 2028
Figure 214: Middle East & Africa Market Y-o-Y Growth Projections by Technology, 2022-2028
Figure 215: Middle East & Africa Market Attractiveness by Technology, 2022-2028
Figure 216: Middle East & Africa Market Share and BPS Analysis by Application– 2022 & 2028
Figure 217: Middle East & Africa Market Y-o-Y Growth Projections by Application, 2022-2028
Figure 218: Middle East & Africa Market Attractiveness by Application, 2022-2028
Figure 219: Middle East & Africa Market Share and BPS Analysis by Installation– 2022 & 2028
Figure 220: Middle East & Africa Market Y-o-Y Growth Projections by Installation, 2022-2028
Figure 221: Middle East & Africa Market Attractiveness by Installation, 2022-2028
Figure 222: Middle East & Africa Market Share and BPS Analysis by End Use– 2022 & 2028
Figure 223: Middle East & Africa Market Y-o-Y Growth Projections by End Use, 2022-2028
Figure 224: Middle East & Africa Market Attractiveness by End Use, 2022-2028
Figure 225: Middle East & Africa Market Share and BPS Analysis by Compressor Type– 2022 & 2028
Figure 226: Middle East & Africa Market Y-o-Y Growth Projections by Compressor Type, 2022-2028
Figure 227: Middle East & Africa Market Attractiveness by Compressor Type, 2022-2028
The industrial condensing units market is estimated to be worth around USD 11.75 Billion in 2022.
As per FMI, the industrial condensing units market is forecast to register a CAGR of 5.2% between 2022 and 2028.
The industrial condensing units market grew at a CAGR of 5.0% between 2013 and 2021.
Increasing penetration of industrialization across developing regions, the introduction of ecofriendly products and rising demand for industrial condensing units across various sectors are some of the key trends shaping the growth of industrial condensing units market.
The North American industrial condensing units market is anticipated to grow at 4.5% CAGR over the forecast period.
The South Asia industrial condensing units market is projected to rise at 7.5% CAGR between 2022 and 2028.
Emerson Electric Co., Embraco, Tecumseh Products Company LLC, The Danfoss Group, Mitsubishi Electric Corporation, GEEA Group AG, Bitzer SE, Daikin Applied Systems Co. Ltd., and Hasegawa Refrigeration Ltd. are some of the leading players operating in the industrial condensing units market.
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Industrial Condensing Units Market
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