According to a market report by Lucintel, the future of the global condensing unit market looks promising with opportunities in the industrial, commercial, and transportation markets. The global condensing unit market is expected to reach an estimated $65.5 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are growing need for condensing units in developing countries' commercial and industrial sectors, increasing focus towards energy efficiency, and rise in the e-commerce industry.

A more than 150 – page report is developed to understand Trends, opportunity and forecast in condensing unit market to 2030 by type (air-cooled and water-cooled), function (air conditioning, refrigeration, and heat pumps), refrigerant type (fluorocarbons, hydrocarbons, and inorganics), application (industrial, commercial, transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, air-cooled and water-cooled are the major segments of condensing unit market by type. Lucintel forecasts that air cooled will remain the larger segment over the forecast period because of its portability and simplicity of installation, growing demand for energy-efficient cooling solutions across a variety of industries, as well as, low running costs, and low maintenance requirements.

Within this market, commercial application will remain the largest segment due to growing need for refrigeration solutions in a variety of business settings, such as dining establishments, lodging facilities, and supermarkets.

APAC is expected to witness highest growth over the forecast period due to enhanced collaboration and investment in the condensing unit market in this region.

Baltimore Aircoil Company, Bitzer, Blue Star Limited, Carrier Global, Daikin Industries, Danfoss, Dorin, Emerson Electric, Heatcraft Worldwide Refrigeration, and Hussmann are the major suppliers in the condensing unit market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com