Condensing Unit Market by Type, Refrigerant Type, Installation Type, Application, Operation - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation

List of Tables

The Global Condensing Unit Market is forecasted to grow significantly, with a projected USD 27.37 billion in 2023 at a CAGR of 6.80% and expected to reach a staggering USD 43.61 billion by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Condensing Unit Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Condensing Unit Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Air-Cooled, Evaporative, and Water-Cooled. The Air-Cooled is further studied across Forced Convection and Natural Convection. The Water-Cooled is further studied across Double Tube, Shell & Coil Condenser, and Shell & Tube Condenser. The Water-Cooled commanded largest market share of 36.23% in 2022, followed by Evaporative.

Based on Refrigerant Type, market is studied across Fluorocarbons, Hydrocarbons, and Inorganics. The Fluorocarbons is further studied across HCFCs, HFCs, and HFOs. The Hydrocarbons is further studied across Isobutane and Propane. The Inorganics is further studied across Ammonia and Carbon Dioxide. The Hydrocarbons commanded largest market share of 37.23% in 2022, followed by Fluorocarbons.

Based on Installation Type, market is studied across New Installations and Retrofitting. The Retrofitting commanded largest market share of 62.67% in 2022, followed by New Installations.

Based on Application, market is studied across Commercial, Industrial, Residential, and Transportation. The Commercial is further studied across HVAC Condensers and Refrigeration. The Industrial is further studied across Marine Condensers and Process Condensers. The Industrial commanded largest market share of 50.12% in 2022, followed by Commercial.

Based on Operation, market is studied across Indoor and Outdoor. The Indoor commanded largest market share of 53.23% in 2022, followed by Outdoor.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.23% in 2022, followed by Asia-Pacific.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Condensing Unit Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Condensing Unit Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Condensing Unit Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Condensing Unit Market?

4. What is the competitive strategic window for opportunities in the Global Condensing Unit Market?

5. What are the technology trends and regulatory frameworks in the Global Condensing Unit Market?

6. What is the market share of the leading vendors in the Global Condensing Unit Market?

7. What modes and strategic moves are considered suitable for entering the Global Condensing Unit Market?

Product Code: MRR-F949FCDE092A

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Condensing Unit Market, by Type, 2022 vs 2030
4.3. Condensing Unit Market, by Refrigerant Type, 2022 vs 2030
4.4. Condensing Unit Market, by Installation Type, 2022 vs 2030
4.5. Condensing Unit Market, by Application, 2022 vs 2030
4.6. Condensing Unit Market, by Operation, 2022 vs 2030
4.7. Condensing Unit Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Need for condensing unit for indoor environments to ensure good air quality
  - 5.1.1.2. Rapid adoption of refrigerators and HVAC systems from the retail and food sector
  - 5.1.1.3. Rising building construction activities and growing demand for efficient HVAC systems
- 5.1.2. Restraints
  - 5.1.2.1. High cost of installation and maintenance of condensing unit
- 5.1.3. Opportunities
  - 5.1.3.1. Emergence of advancements and introduction of innovative condensing units
  - 5.1.3.2. Emerging role of air-cooled and water-cooled condensing units across various sectors
- 5.1.4. Challenges
  - 5.1.4.1. Technical Concerns in Operating Condensing Units
5.2. Market Trends
- 5.2.1. Substantial adoption of the advanced cooling appliances in residential and commercial sectors
- 5.2.2. Rapid urbanization and deployment of energy-efficient HVAC systems in the APAC region
- 5.2.3. Well-established design and energy efficiency standards in the EMEA region
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Condensing Unit Market, by Type

6.1. Introduction
6.2. Air-Cooled
- 6.2.1. Forced Convection
- 6.2.2. Natural Convection
6.3. Evaporative
6.4. Water-Cooled
- 6.4.1. Double Tube
- 6.4.2. Shell & Coil Condenser
- 6.4.3. Shell & Tube Condenser

7. Condensing Unit Market, by Refrigerant Type

7.1. Introduction
7.2. Fluorocarbons
- 7.2.1. HCFCs
- 7.2.2. HFCs
- 7.2.3. HFOs
7.3. Hydrocarbons
- 7.3.1. Isobutane
- 7.3.2. Propane
7.4. Inorganics
- 7.4.1. Ammonia
- 7.4.2. Carbon Dioxide

8. Condensing Unit Market, by Installation Type

8.1. Introduction
8.2. New Installations
8.3. Retrofitting

9. Condensing Unit Market, by Application

9.1. Introduction
9.2. Commercial
- 9.2.1. HVAC Condensers
- 9.2.2. Refrigeration
9.3. Industrial
- 9.3.1. Marine Condensers
- 9.3.2. Process Condensers
9.4. Residential
9.5. Transportation

10. Condensing Unit Market, by Operation

10.1. Introduction
10.2. Indoor
10.3. Outdoor

11. Americas Condensing Unit Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Condensing Unit Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Condensing Unit Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
- 14.3.1. Merger & Acquisition
  - 14.3.1.1. Trane acquires Italian chiller manufacturer MTA
  - 14.3.1.2. Danfoss Completes Acquisition of Compressor Manufacturer
  - 14.3.1.3. Honeywell to Acquire Compressor Controls Corp.
- 14.3.2. Agreement, Collaboration, & Partnership
  - 14.3.2.1. Wipro Lighting enters into exclusive partnership with Aura Air
- 14.3.3. New Product Launch & Enhancement
  - 14.3.3.1. Baltimore Aircoil Company Introduces the VertexTM Evaporative Condense
  - 14.3.3.2. SWEP launched high efficiency condenser and evaporator for reversible heat pump systems
  - 14.3.3.3. Emerson Launches Copelan Outdoor Units for Low Temperature Applications with A2L Refrigerants
- 14.3.4. Investment & Funding
  - 14.3.4.1. The U.S. startup secures funding for window mini-split air conditioner
- 14.3.5. Award, Recognition, & Expansion
  - 14.3.5.1. NTPC commissioned India's first Air cooled condenser at North Karanpura Super Critical plant in Jharkhand
  - 14.3.5.2. Daikin opened an Air Conditioner Factory in Indonesia

15. List of Company Mentioned

16. Appendix

16.1. Discussion Guide
16.2. License & Pricing