Refrigeration Condensing Unit Market: Product Type(Air-cooled, Water-cooled, Evaporative) Cooling Capacity(< 20 kw, 20-50 kw, 51-100 kw, 101-500 kw, > 500 kw) Refrigerant Type(R404A, R134a, R744, R143a Others) Application(Residential, Commercial, Industrial) and Geography  

Refrigeration Condensing Unit Market size was valued at USD 35.6 billion in 2021. It is expected to reach a value of USD 61.8 billion by 2028, growing at a CAGR of 8.2% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the market, which has been segmented by product type, cooling capacity, refrigerant type and application. By product type, the refrigeration condensing unit market has been segmented into Air-cooled, Water-cooled, Evaporative. The air-cooled segment is likely the most significant and fastest-growing segment in terms of product type. By cooling capacity, the refrigeration condensing unit market has been segmented into < 20 kw, 20-50 kw, 51-100 kw, 101-500 kw, > 500 kw. The 20-50 kw segment holds a significant revenue share in the market. By refrigerant type, the market has been segmented into R404A, R134a, R744, R143a Others. The R404A gains a maximum revenue share of the market. Based on the application, the refrigeration condensing unit is segmented into Residential, Commercial, Industrial. According to precision business insights, the industrial segment is predicted to register the fastest growth rate during the forecast period.

Refrigeration Condensing Unit Market Key developments:

• In September 2021, Emerson Electric Co. introduced a new part of condensing unit named as Copeland CO2 scroll compressors with smart electronics and innovative integrated dynamic vapor Injection (DVI) technology. According to Emerson, the technology offered a new CO2 booster system solution that reduces system complexity and costs while maintaining high efficiency in any environment.