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Condensing Unit Market by Type, Application, and by Region - Global Forecast to 2021

Condensing Unit Market: Global Forecast until 2021

  • July 2016
  • 147 pages
  • ID: 4027705
In this report:
The company can increase its focus on the emerging markets for condensing units, such as MEA and LA, where the condensing unit market is expected to exhibit growth rate of ##.##% and ##.##% respectively.
The company can expand its business by investing in emerging markets for condensing units such as Middle East & Africa and Latin America, where the condensing unit market is expected to grow at a CAGR of ##.##% and ##.##% respectively.

Summary

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"The evaporative condensing unit market is estimated to rise at a compound annual growth rate of 7.20 percent from 2016 to 2026"

The evaporative condensing unit market is estimated to grow ~$1.6B by 2026, at a compound annual growth rate (CAGR) of 7.20 percent between 2016 and 2026. Different end-use sectors, including warehouses, food processing, and food service, among others in emerging countries including China, India (IN), Thailand (TH), and Malaysia (MY) are anticipated to register important rise in the outlook. This will is anticipated to fuel the increase of the evaporative condensing unit market. Rise of the abovementioned end-use markets can be accredited to the growth in per capita disposable income of consumers and change in consumer lifestyle. Growing concerns about the high overall warming potential of common chlorofluorocarbon refrigerants have adversely affected the increase of the evaporative condensing unit market in EU and North America (NA).

"Established on end-use sector, the commercial segment is anticipated to lead the evaporative condensing unit market"

Established on end-user market, the commercial segment is expected to rise at the maximal compound annual growth rate (CAGR) from 2016 to 2026. The market demand for evaporative condensing units is increasing from several end-users, including cold stores, warehouses, restaurants, and food processing units, due to the rise of food & beverage market in developing nations. The increasing food processing & storage facility market in emerging nations is predicted to push the commercial segment of the evaporative condensing unit market.

"Established on application, refrigeration segment to grow at the highest CAGR (Compound annual growth rate) between 2016 and 2026"

Evaporative condensing units are used for refrigeration purpose in different industries, including power plant, chemical plant, food processing units, and ice manufacturing units, among others. The refrigeration application segment in Asia-Pac is expected to witness high increase due to the development of different new power plants and chemical plants in India (IN) and China (CN).

"North America continent controled the evaporative condensing unit market in 2015"

North America (NA) was the biggest market for evaporative condensing units in 2015, due to a big number of chemical and power plants, and commercial markets in the territory. The top increase driver of the market is the increasing demand for evaporative condensing units for industrial refrigeration. Increase of construction and general manufacturing sectors is also estimated to drive the industry demand for evaporative condensing units in the area.

The Middle East zone & African continent is expected to grow at the highest compound annual growth rate (CAGR) between 2016 and 2026. Saudi Arabia (SA) is anticipated to lead the Middle East region & Africa evaporative condensing unit market. High economic increase of Saudi Arabia is significantly contributing to the rise of the evaporative condensing unit market in the territory. Egypt (EG) is one of the main industries for evaporative condensing units in the Middle East area & Africa due to the increase of commercial refrigeration markets, including cold storage, food processing, and power sectors in the area.

Profile break-up of primary participants for the study:

- By Company category - Tier 1 - 35 %, Tier 2 - 30.0 percent, Tier 3 - 35.0 percent

- By Description - C-suite - 25.0 percent, D-level - 30.0 percent, Others - 45.0 percent

- By area - North america (NA) - 45.0 percent, Europe - 25.0 percent, Asia-Pacific - 5.0 percent, -Rest of the World 25.0 percent

Moreover, as part of qualitative analysis, the industry research offers a comprehensive analysis of major market drivers, industry restraints, and possibilities. It also considers competitive landscape approved by various market players, including Baltimore Aircoil Company, Incorporated, Evapco Inc., Johnson Controls Inc., SPX Corporation, Mammoth Inc., and others.

Segment Research

This market report includes the evaporative condensing unit market established on end-use sector, which includes commercial, power, and chemical. Established on application, the evaporative condensing unit market has been divided into refrigeration and air conditioning. The evaporative condensing unit market has been studied for several areas that contain North America continent, Europe (EU), Asia Pacific (APAC), the Middle East (ME) & African continent, and South America region.

Why acquiring this study can help you:

From an insight prospect, this market research has emphasized several levels of analysis - industry study, market share research of top players, supply chain research, and company descriptions, which together comprise and examine basic views on opposing landscape, coming out and high-growth segments of the evaporative condensing unit market, high-growth areas, and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on the evaporative condensing unit market provided by key players

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the evaporative condensing unit market

- Industry development: Highlighted information about profitable emerging sectors - the market research examines the sector for evaporative condensing units across different regions

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the evaporative condensing unit market

- Opposing assessment: Detailed assessment of market shares, increase strategies, products, and manufacturing competences of key players in the evaporative condensing unit market

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