Forecast: Refrigeration Condensing Units Sales in the US

Sales of refrigeration condensing units in the US have seen significant fluctuations over the past decade. The market saw a dramatic increase of 62.29% in 2014 followed by a period of steady growth, albeit at a slower pace. By 2023, the sales value stood at 1441.5 million USD. From 2022 to 2023, year-on-year growth was 3.4%, with a five-year CAGR from 2018 to 2023 at 3.83%. Over the last two years, growth was modest, indicating market stabilization.

Forecasted data suggests a continuing upward trend through 2028, with an anticipated growth rate of 13.11% from 2024 to 2028 and a five-year CAGR of 2.49%. This implies a steady, albeit slower, growth pattern moving forward.

Future trends to watch for include advancements in energy-efficient technologies, regulatory changes impacting environmental compliance, and the potential influence of economic conditions on capital investments in refrigeration infrastructure.

Top Countries about Cold Chain