The global Condensing Unit Market is highly fragmented due to the presence of a various large number of players which forms a competitive environment. The report entails all-inclusive information associated with the latest market updates such as new ideas, market size, opportunity, growth path and trends for the forecast period of 2019-2025 to gain competitive edge across the globe. This report also highlights various important strategic mergers and acquisitions, company overview, financial details, and the latest development undertaken.
The condensing unit market is expected to touch USD 28.10 Billion by 2024, with a CAGR of 10.8% growing from USD 15.21 Billion in 2017.
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the condensing unit market includes Advansor A/S, Baltimore Aircoil Company, Inc., BitzerKühlmaschinenbau GmbH, Carrier Commercial Corporation, Danfoss GmbH, Emerson Electric Company, GEA Group, Heatcraft Worldwide Refrigeration, Officine Mario Dorin S.P.A., and SCM Frigo SPA. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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The changing food consumption trends coupled with the rapid growth of the frozen foods market is the most prominent factor fuelling the demand for condensing units. Rising demand for storage of frozen foods leads to growth in commercial refrigeration equipment. This, in turn, will fuel the condensing unit market growth. In recent years, demand for frozen food has begun to grow, owing to changing consumer lifestyles and rising incomes that drive the expenditure on convenient food.
Increasing adoption of natural refrigerant followed by improvement in energy efficiency, growing food-processing industry in the developing countries are the factors driving market growth. Whereas, stringent environmental regulations on refrigerants/gases used in condensing units may hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of condensing unit.
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The broad condensing unit market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
· Air-Cooled Condensing Unit
· Water-Cooled Condensing Unit
· Evaporative Condensing Unit
· Commercial Refrigeration
· Industrial Refrigeration
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for condensing unit in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
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