Industrial Condensing Units Market Outlook – 2022 to 2028

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.

How The Market Progressed Till June 2022?

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.

2013 to 2020 Industrial Condensing Units Market Outlook Compared to 2022 to 2028 Forecast

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.

Will Surging Demand for Commercial Refrigeration Continue to Boost Sales?

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.

Country-wise Insights

Why is the India Industrial Condensing Units Market Witnessing High Demand?

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.

What is the Growth Projection for the USA Industrial Condensing Units Market?

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.

How will the Growth Unfold in the China Industrial Condensing Units Market?

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.

Category-wise Insights

Why are Consumers More Inclined Towards New Installations?

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.

Why are Air-cooled Industrial Condensing Units More Popular?

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.

Which Application Segment Leads the Industrial Condensing Units Market?

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.

Which End-Use Segment Dominates the Industrial Condensing Units Market?

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.

Which is the Most Ideal Compressor Type for Industrial Condensing Units?

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.

Competitive Landscape

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:

  • In April 2021, M&M Carnot Refrigeration introduced Aquilon DS, a new line of CO2 air-cooled condensing units for industrial applications. The new Aqualon DS product line enhances the company’s industrial refrigeration portfolio.
  • In February 2020, Embraco launched its new generation of condensing units for multiple applications, at the 2020 AHR Expo held in Orlando, Florida.
  • In June 2021, Nidec Global Appliance, holder of the Embraco brand of refrigeration solutions, announced the investment of 70 million dollars to leverage and set up new production lines of refrigeration compressors and condensing units in several parts of the world.
  • In April 2021, Japanese OEM Mitsubishi Electric introduced a new CO2 outdoor condensing unit, which is ideal for commercial food retail markets.

Scope of the Report

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

Industrial Condensing Units Market by Category

By Capacity:

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

By Installation:

  • New Installation
  • Retrofit

By Technology:

  • Water Cooled
  • Air Cooled

By Application:

  • Indoor-based Refrigeration
  • Outdoor-based Refrigeration

By 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

By Compressor Type:

  • Reciprocating
  • Screw
  • Centrifugal
  • Rotary
  • Scroll

By Region:

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

Table of Content

  • 1. Executive Summary
  • 2. Market Introduction
  • 3. Market Background
  • 4. Market Forecast
  • 5. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028, by Technology
    • 5.1. Water Cooled
    • 5.2. Air Cooled
  • 6. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028, by Application
    • 6.1. Indoor-based Refrigeration
    • 6.2. Outdoor-based Refrigeration
  • 7. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028, by Installation
    • 7.1. New Installation
    • 7.2. Retrofit
  • 8. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028, by End Use
    • 8.1. Domestic Appliances
    • 8.2. Indoor Based Air Conditioners
    • 8.3. Commercial Refrigeration
      • 8.3.1. Retail Stores
      • 8.3.2. HORECA
      • 8.3.3. Cold Storage and Warehouse
      • 8.3.4. Office & Other Commercial Buildings
      • 8.3.5. IT & Data Centers
    • 8.4. Industrial Refrigeration
  • 9. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028, by Compressor Type
    • 9.1. Reciprocating
    • 9.2. Screw
    • 9.3. Centrifugal
    • 9.4. Rotary
    • 9.5. Scroll
  • 10. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028 by Sales Channel
    • 10.1. OEM
    • 10.2. Aftermarket
  • 11. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028 by Capacity
    • 11.1. Up to 1 kW
    • 11.2. 2 – 10 kW
    • 11.3. 11 – 40 kW
    • 11.4. Above 40 kW
  • 12. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028 by Region
    • 12.1. North America
    • 12.2. Latin America
    • 12.3. Europe
    • 12.4. South Asia
    • 12.5. East Asia
    • 12.6. Oceania
    • 12.7. Middle East & Africa
  • 13. North America Market Analysis 2013 to 2021 and Forecast 2022 to 2028
  • 14. Latin America Market Analysis 2013 to 2021 and Forecast 2022 to 2028
  • 15. Europe Market Analysis 2013 to 2021 and Forecast 2022 to 2028
  • 16. East Asia Market Analysis 2013 to 2021 and Forecast 2022 to 2028
  • 17. South Asia Market Analysis 2013 to 2021 and Forecast 2022 to 2028
  • 18. Oceania Market Analysis 2013 to 2021 and Forecast 2022 to 2028
  • 19. Middle East & Africa Market Analysis 2013 to 2021 and Forecast 2022 to 2028
  • 20. Market Structure Analysis
  • 21. Competition Analysis
    • 21.1. Emerson Electric Co.
    • 21.2. The Danfoss Group
    • 21.3. Mitsubishi Electric Corporation
    • 21.4. GEA Group AG
    • 21.5. BITZER SE
    • 21.6. Johnson Controls–Hitachi Air Conditioning
    • 21.7. Daikin Applied Systems Co. Ltd.
    • 21.8. Hasegawa Refrigeration Ltd.
    • 21.9. Arneg Group
    • 21.10. Cryogiam Srl
    • 21.11. True Manufacturing Co. Inc.
    • 21.12. Aireadle Air Conditioning
    • 21.13. Embraco
    • 21.14. Tecumseh Products Company LLC
    • 21.15. Heatcraft Worldwide Refrigeration
    • 21.16. Kolpak-Welbilt
  • 22. Assumptions and Acronyms Used
  • 23. Research Methodology

List of Tables

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 

List of Figures

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

Frequently Asked Questions

What is the current industrial condensing units market valuation?

The industrial condensing units market is estimated to be worth around USD 11.75 Billion in 2022.

What is the demand outlook for industrial condensing units market?

As per FMI, the industrial condensing units market is forecast to register a CAGR of 5.2% between 2022 and 2028.

At what rate did the industrial condensing units market grow between 2013 and 2022?

The industrial condensing units market grew at a CAGR of 5.0% between 2013 and 2021.

What are the key trends shaping the industrial condensing units market?

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.

What will be the demand outlook for North America industrial condensing units market?

The North American industrial condensing units market is anticipated to grow at 4.5% CAGR over the forecast period.

At what rate will industrial condensing units demand rise in South Asia?

The South Asia industrial condensing units market is projected to rise at 7.5% CAGR between 2022 and 2028.

Who are the leading players in industrial condensing units market?

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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