Industrial Condensing Units Market

Industrial Condensing Units Market: R&D Investments in Development of High-capacity Compressors to Fuel Demand Growth: Global industry analysis, 2013-2017 and opportunity assessment, 2018-2028

  • 2019-04-11
  • REP-GB-9445
  • 56 Tables
  • 227 Figures
  • 306 pages
  • PDF PPT EXCEL
 Industrial Condensing Units Market
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Industrial Condensing Units – A Staple for Successful Industrial-duty Applications

End users primarily seek technologically advanced industrial condensing units, on account of multiple operational advantages such as improved performance, durability, and prolonged shelf life. Rapid industrialization is likely to pave the way forward for growth of industrial condensing units landscape, both in developing and developed economies. Increase in number of well-established warehouse and logistics/cold supply chains would provide a fillip to sales of industrial condensing units.

industrial condensing units market snapshot

Industrial Condensing Units Market - Key Research Findings

  1. Global industrial condensing units market size in 2018 – Nearly US$ 9.5 Bn

  1. The industrial condensing units market revenue is expected to grow at nearly 5.1% CAGR over 2018-2028.

  1. South Asia and East Asia are poised to have substantial growth potential in the industrial condensing units market.

  • Population growth, market development, and a strong trend towards healthy food are the cited factors influencing the demand for industrial condensing units in these regions.

  • The retail markets in most emerging economies such as Indonesia and Malaysia are developing at a rapid pace of around 10%–15% annually. This trend is anticipated to boost the demand for industrial condensing units over the forecast period.

  1. Government Regulatory Scenario -

  • Inefficient and inadequate supply chains are the reason for around 94% of all wasted food in the Middle East & Africa. Food franchisees have been increasingly focusing on long-term expansion goals and investments for the same in the Middle East.

  • For improved cold chain development to meet the demand for fresh food, in 2014, the government of Brazil laid down dietary guidelines for the use of fresh food over processed food.

  1. Europe and North America are expected to remain prolific regional markets for industrial condensing units.

  • North America is considered as one of the most developed markets in the global industrial condensing units market.

  1. In new industrial condensing units, the most preferred type of compressors are scroll compressors.

  • Scroll compressors boast of excellent individual part-load and full-load efficiency, fewer moving parts, very low vibration, and a continuous compression process with almost no vibration/pulsation. These aspects make this a lucrative segment in the industrial condensing units market.

industrial condensing units market

Top 3 Factors Affecting the Industrial Condensing Units Market

  • Price Competitiveness and Product Innovation Set to Play a Pivotal Role

Energy efficiency and compliance with new regulations are important factors to be considered while manufacturing industrial condensing units. Besides, to offer low-priced, supreme industrial condensing units, market stakeholders must invest significantly in their R&D and develop new cost-effective products. High reliability, energy-saving technology, and unique design are the factors that manufacturers need to focus on.

Danfoss has equipped Intermediate Discharge Valves (IDVs) in compressors, which avoid over-compression caused by the motor during part-load operations, thus reducing their energy consumption.

  • Low-cost Manufacturing Capabilities and Strong Suppliers’ Network to Enhance Market Share in the Industrial Condensing Units Market

Many companies have set up their production plants in India. From India, these companies are exporting industrial condensing units to the rest of the world, including Latin America, Southeast Asia, and countries/regions such as Australia, New Zealand, and Africa.

Distributors and suppliers possess important competitive advantages in the industrial condensing units market. Subsequently, the ability to offer cutting-edge technical assistance related to industrial condensing units will act as an important competitive advantage for manufacturers and distributors to increase the number of buyers for their products.

  • High Demand for Commercial Construction to Propel Market Pace

When the construction industry is down, companies emphasize on the retrofit market to boost the sales of industrial condensing units. Moreover, the increased bargaining power of consumers has certainly pushed the demand for superior quality, fresh food products.

The transportation of food products to the processing units with minimal loss in freshness is thus the need of the hour. Subsequently, these factors are boosting the demand for industrial condensing units.

Industrial Condensing Units Market Structure Analysis

  • The global industrial condensing units market is a fragmented landscape, with the tier 1 players holding almost 45% revenue share.

  • Leading players in the industrial condensing units market are primarily concentrating on the ASEAN and India markets, where cost competitiveness will remain a strong differentiation strategy.

  • While most of the key participants in the market are maintaining strategic focus on China, North America, and Europe, this report states that environment-friendly products and new technology assessment will be relatively important developmental strategies for companies.

Product Differentiation and Price Competitiveness – Key Elements Powering Future Adoption

In the industrial condensing units landscape, product differentiation and price competitiveness would be crucial in moulding growth of the market players. While product differentiation revolves around introduction of new product innovations and reformations best-suited to dynamic end user needs, price competitiveness continues to be a key aspect of an effective marketing strategy.

Demand from Commercial Refrigeration Soars to a New High

Use of efficient and easy-to-install industrial condensing units in commercial refrigeration equipment space is on an upswing. One of the key USPs pushing installation of industrial condensing units is the performance benefits achieved, which makes them a viable investment for commercial refrigeration applications. In line with the ever-evolving end user demands, manufacturers are integrating latest technologies to stay at the forefront of product innovation.

* This data is only a representation. Actual data may vary and will be available in report.

Demand from Commercial Refrigeration Soars to a New High
Demand from Commercial Refrigeration Soars to a New High
Demand from Commercial Refrigeration Soars to a New High
Demand from Commercial Refrigeration Soars to a New High
  • 2014
  • 2018
  • 2022
  • 2028
  • Arrow

The Broader Perspective

In the past few years, distinctive patterns in consumer dietary habits have become highly evident. Rising disposable income and consumers’ dietary assessments have resulted in high preference for frozen foods and chilled foods, given that frozen food is perceived of being healthy and nourishing. This, in turn, is resulting in a tectonic growth in adoption of industrial condensing units across food industries especially high pressure processing, thereby creating prime opportunities for brands operating in industrial condensing units landscape.

Condensing units withreciprocating compressors to remain a top-selling category

Sales of condensing units with screw compressors to see exponential growth

Condensing units with capacity in the range of2 - 10 kW to continue being highly-preferred

Condensing units with capacity in the range of11-40 kWwill witness high demand, estimated to account for over 30% revenue share

How Growth will Unfold

South Asia is likely to emerge as a high growth market for industrial condensing units during the assessment period. This can be attributed to the fact that South Asian countries are providing huge growth grounds for the market players, owing to ever-increasing application of refrigeration systems across end-use industries such as food & beverage processing, plastics, chemicals & petrochemicals, and others.

South Asia | East Asia | Latin America

 Industrial Condensing Units Market  Industrial Condensing Units Market  Industrial Condensing Units Market

* This data is only a representation. Actual data may vary and will be available in report.

Click Here To Know How The Growth Will Unfold

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Overview

Industrial Condensing Units Market: Global Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028

A recent market study published by FMI “Industrial Condensing Units Market: Global Industry Analysis 2013-2017 & Forecast 2018-2028” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the Industrial Condensing Units market, the growth prospects of the market are obtained with maximum precision.

Industrial Condensing Units Market Taxonomy

The Global Industrial Condensing Units market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

Capacity

  • Up to 1 kW
  • 2 - 10 kW
  • 11 - 40 kW
  • Above 40 kW

Installation

  • New Installation
  • Retrofit

Technology

  • ? Water Cooled
  • ? Air Cooled

Application

  • Indoor-based Refrigeration
  • Outdoor-based Refrigeration

End Use

  • Domestic Appliances
  • Indoor Based Air Conditioners
  • Commercial Refrigeration
    • Retail Stores
    • HORECA
    • Cold Storage and Warehouse
    • Office & Other Commercial Buildings
    • IT & Data Centers
  • Industrial Refrigeration

Compressor Type

  • Reciprocating
  • Screw
  • Centrifugal
  • Rotary
  • Scroll

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • India
  • MEA

What's Included

The report commences with the executive summary of the Industrial Condensing Units market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the Industrial Condensing Units market.

Readers can find the detailed taxonomy and the definition of the Industrial Condensing Units market in this chapter, which will help them understand the basic information about the Industrial Condensing Units market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the Industrial Condensing Units market report.

The report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market development or product innovations.

This section includes the key inclusions of the report. It includes product adoption & usage analysis, reimbursement scenario, pipeline assessment & opportunity analysis, and manufactures strategies for market expansion.

This section explain the Global market value analysis and forecast for the Industrial Condensing Units market between the forecast periods of 2013-2028 is highlights in this section. This chapter includes the detailed analysis of the historical Industrial Condensing Units market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2018 – 2020), and an incremental opportunity for the forecast period (2018 – 2028).

This section highlights the average price of Up to 1 kW Industrial Condensing Units, 2 - 10 kW Condensing Units, 11 - 40 kW Industrial Condensing Units and Above 40 kW Industrial Condensing Units in the different region throughout the globe. The pricing benchmark for manufacturer level pricing and distributor level pricing is analyzed in this section. In this report the market has been particularly segmented on the basis of pricing which presents further deep dive analysis on the type of pricing.

This section explain the Global market volume analysis and forecast for the Industrial Condensing Units market between the forecast periods of 2018-2028 is highlights in this section.

This chapter explains the key macro-economic factors that are expected to influence the growth of the Industrial Condensing Units market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the Industrial Condensing Units market. This chapter also highlights the key market dynamics of the Industrial Condensing Units market, which include the drivers, restraints and trends. Moreover, readers will understand the key trends followed by the leading manufacturers in the Industrial Condensing Units market.

Based on Capacity, the Industrial Condensing Units market is segmented into Up to 1 kW, 2 - 10 kW, 11 - 40 kW and Above 40 kW. In this chapter, readers can find information about the key trends and developments in the Industrial Condensing Units market and market attractiveness analysis based on the capacity.

This chapter provides details about the Industrial Condensing Units market on the basis of Installation, and has been classified into New Installation and Retrofit. In this chapter, readers can understand the market attractiveness analysis based on Installation.

This chapter provides details about the Industrial Condensing Units market on the basis of Technology, and has been classified into Water Cooled and Air Cooled. In this chapter, readers can understand the market share and BPS analysis based on Technology.

Based on Application, the Industrial Condensing Units market is segmented into Indoor-based Refrigeration and Outdoor-based Refrigeration. In this chapter, readers can find information about the product trends and key developments in the Industrial Condensing Units market.

Based on End Use, the Industrial Condensing Units market is segmented into Domestic Appliances, Indoor Based Air Conditioners, Commercial Refrigeration and Industrial Refrigeration. In this chapter, readers can find information about the growth trends and market attractiveness analysis by End Use.

This chapter provides details about the Industrial Condensing Units market on the basis of Reciprocating, Screw, Centrifugal, Rotary and Scroll. In this chapter, readers can understand the market value and volume analysis by each mentioned segments in the global as well as the regional markets

This chapter explains how the Industrial Condensing Units market will grow across various geographic regions, such as North America, Latin America, Europe, South Asia, East Asia, India and MEA

This chapter includes a detailed analysis of the growth of the North America Industrial Condensing Units market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the end users and countries in North America.

Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, total sales by key countries, which are impacting the growth of the Latin America Industrial Condensing Units market. This chapter also includes the growth prospects of the Industrial Condensing Units market in the leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.

Important growth prospects of the Industrial Condensing Units market based on its end users in several Western and Eastern Europe countries, such as Germany, the UK, France, Spain, Italy, Russia, Poland and the Rest of Europe, are included in this chapter.

India, Indonesia, Thailand , Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia Industrial Condensing Units market in this chapter. Readers can find detailed information about the growth parameters of the South Asia Industrial Condensing Units market during the period 2018-2028.

This chapter highlights the growth of the Industrial Condensing Units market in the East Asia by focusing on China, Japan and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the Industrial Condensing Units market in East Asia.

In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania Industrial Condensing Units market.

This chapter provides information about how the Industrial Condensing Units market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, Turkey, Northern Africa and the rest of MEA, during the forecast period 2018 - 2028.

In this chapter, readers can find a detailed information about the tier analysis and market concentration of the key players in the Industrial Condensing Units market along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all the leading stakeholders in the Industrial Condensing Units market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Emerson Electric Co., The Danfoss Group, Mitsubishi Electric Corporation, GEA Group AG, BITZER SE, Johnson Controls–Hitachi Air Conditioning, Daikin Applied Systems Co. Ltd., Hasegawa Refrigeration Ltd., Arneg Group, Cryogiam Srl, True Manufacturing Co. Inc., Aireadle Air Conditioning, Embraco, Tecumseh Products Company LLC, Heatcraft Worldwide Refrigeration and Kolpak-Welbilt, amongst others

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Industrial Condensing Units report.

This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the Industrial Condensing Units market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Product Line Managers
  • Procurement Heads
  • Channel Managers
  • Sales Executives
  • Product Manufacturers
  • Distributors
  • Traders / Importers
  • Raw Material / Component Providers
  • Aftersales Service Providers
  • Industry Experts
  • End Users
  • Assemblers / integrators
  • Current Market Dynamics and Challenges
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near term and long term market growth prospects
  • Market Segment Splits and Authenticity
  • Opinions on market projections and validity of assumptions

Secondary Research

  • Industry Magazines
  • Industry Associations
    • ISHRAE
    • AMCA
    • RSES
    • ACCA
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites
  • World Bank, UNIDO, IMF

Primary Interview Splits

Primary Research Interview Splits

Industrial Condensing Units Market Reports - Table of Contents

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