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Industrial Condensing Units Market is Anticipated to Register 5.1% CAGR Through 2028 - Future Market Insights

Demand for Industrial Condensing Units to Strengthen in Emerging Economies, Lucrative Applications Identified in HoReCa & Construction

Future Market Insights

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Future Market Insights

16 Apr, 2019, 14:30 BST

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VALLEY COTTAGE, New York, April 16, 2019 /PRNewswire/ -- At an estimated 4.6% Y-o-Y increase in the revenue over 2018, the industrial condensing units market is set to exceed the US$ 10 Bn mark in 2019. Nearly 3/4th of the total sales of industrial condensing units is accounted by the end use in commercial refrigeration, followed by industrial refrigeration.

As indicated by a recent research study presented by Future Market Insights (FMI), more than 65% of end users prefer air-cooled industrial condensing units over water-cooled variants, at a global level. Moreover, although retrofitting of older condensing units is gaining popularity over the recent past, FMI's analysis highlights that an approximate 85% of revenue continues to pour in from new installations of industrial condensing units.

With a significant incremental opportunity anticipated for the near future, outdoor-based refrigeration applications will continue to gain higher traction in the industrial condensing units market. According to the report, nearly 3/5th of the total demand for industrial condensing units is generated from outdoor-based refrigeration application areas.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-9445

China & India Emerging as Strong Investment Pockets for Manufacturers

The construction industry in developing regional markets, particularly in India and China, are clearly outgrowing other markets. This, in turn, is expected to support the growth of the industrial condensing units market, as the construction-driven increase in the net national per capita income will boost the demand for consumer appliances, including industrial condensing units. Also, growing GDP of several countries, escalating per capita income and spending, and heavily rising demand for efficient cold chain are expected to extend strong support to existing demand growth of industrial condensing units.

Furthermore, China and India are likely to witness a significant surge in the sales of refrigeration units in coming years, driven by commercial refrigeration applications as a result of brisk expansion of both construction industry and the HoReCa (hotels, restaurants, cafés) sector. These countries are thus highly likely to establish a strong base for the expansion of industrial condensing units market in the forthcoming years.

Chinese manufacturing enterprises of industrial condensing units have begun to flourish recently. China has been a prominent influencer in the market in terms of agricultural and animal products, with an annual value of over US$ 300 billion. However, the prevalence of inadequate chilling facilities will continue to procure new opportunities for the development of infrastructure and thereby, reinforcing the demand for industrial condensing units.

On the other hand, mature markets for industrial condensing units in North America and Europe will observe modest growth and new installations will remain prominent.

Preview Analysis of Industrial condensing units market Segmented by (Technology - Water Cooled & Air Cooled ; Application - Indoor-based Refrigeration & Outdoor-based Refrigeration ; Installation - New Installation & Retrofit ; End Use - Domestic Appliances, Indoor Based Air Conditioners, Commercial Refrigeration & Industrial Refrigeration; Compressor Type - Reciprocating, Screw, Centrifugal , Rotary & Scroll; Sales Channel - OEM & Aftermarket; Capacity - Up to 1 kW, 2 – 10 kW,  11 – 40 kW & Above 40 kW;) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028: https://www.futuremarketinsights.com/reports/industrial-condensing-units-market

Manufacturers Targeting Specific Customer Demands, Emphasizing Competitive Pricing Strategy

Industrial condensing units are prominently sold by wholesalers and distributors specialized in furnishing on-site cold storage. Manufacturers involved in the designing and developing of industrial condensing units are poised to enhance their geographic reach and production capabilities in low-cost regions. A majority of manufacturers of industrial condensing units are also prioritizing catering to specific customer demands at attractive prices, which will majorly rely on economic tiers and spending capabilities of customers.

Moreover, the report opines that the leading companies in industrial condensing units market will intensify the focus on stronger distribution networks, more powerful customer engagement, and unique portfolio of their offerings. Regional dietary patterns, as continue play a vital role in creating potential opportunities for the penetration of industrial condensing units, will be considered imperative for technological and other innovations, by manufacturers. 

Buy this report @ https://www.futuremarketinsights.com/checkout/9445

Regional dietary patterns, as continue play a vital role in creating potential opportunities for the penetration of industrial condensing units, will be considered imperative for technological and other innovations, by manufacturers. 

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.

Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-9445

For additional information on the various other aspects of industrial condensing units, and actionable insights on the global and regional markets for industrial condensing units, write in to press@futuremarketinsights.com

More from Industrial Automation & Equipment Market Insights:

  • Linear Slide Units Adoption Rate Analysis - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2028
  • Absorption Chillers Market Analysis - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016-2026
  • Explosion Proof Equipment Market Analysis - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016-2026

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Industrial Automation & Equipment Market Insights

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