Industrial Condensing Units Market - Key Research Findings

Global industrial condensing units market size in 2018 – Nearly US$ 9.5 Bn

The industrial condensing units market revenue is expected to grow at nearly 5.1% CAGR over 2018-2028.

South Asia and East Asia are poised to have substantial growth potential in the industrial condensing units market.

Population growth, market development, and a strong trend towards healthy food are the cited factors influencing the demand for industrial condensing units in these regions.

The retail markets in most emerging economies such as Indonesia and Malaysia are developing at a rapid pace of around 10%–15% annually. This trend is anticipated to boost the demand for industrial condensing units over the forecast period.

Government Regulatory Scenario -

Inefficient and inadequate supply chains are the reason for around 94% of all wasted food in the Middle East & Africa. Food franchisees have been increasingly focusing on long-term expansion goals and investments for the same in the Middle East.

For improved cold chain development to meet the demand for fresh food, in 2014, the government of Brazil laid down dietary guidelines for the use of fresh food over processed food.

Europe and North America are expected to remain prolific regional markets for industrial condensing units.

North America is considered as one of the most developed markets in the global industrial condensing units market.

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In new industrial condensing units, the most preferred type of compressors are scroll compressors.

Scroll compressors boast of excellent individual part-load and full-load efficiency, fewer moving parts, very low vibration, and a continuous compression process with almost no vibration/pulsation. These aspects make this a lucrative segment in the industrial condensing units market.

Price Competitiveness and Product Innovation Set to Play a Pivotal Role

Energy efficiency and compliance with new regulations are important factors to be considered while manufacturing industrial condensing units. Besides, to offer low-priced, supreme industrial condensing units, market stakeholders must invest significantly in their R&D and develop new cost-effective products. High reliability, energy-saving technology, and unique design are the factors that manufacturers need to focus on.

Danfoss has equipped Intermediate Discharge Valves (IDVs) in compressors, which avoid over-compression caused by the motor during part-load operations, thus reducing their energy consumption.

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The report has covered detailed strategic profiles of some of the key manufacturers operating in the industrial condensing units market, including 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.