Refrigeration Condensing Unit Market: By Product Type, By Cooling Capacity, By Refrigerant Type,By Application and Region Forecast 2019-2030  

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Refrigeration Condensing Unit Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type(Air-cooled, Water-cooled, Evaporative), By Cooling Capacity(< 20 kw, 20-50 kw, 51-100 kw, 101-500 kw, > 500 kw), By Refrigerant Type(R404A, R134a, R744, R143a Others),By Application(Residential, Commercial, Industrial) and Region Forecast 2019-2030  

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Refrigeration Condensing Unit Market size was valued at US$ 39.6 billion in 2023 and is expected to reach a value of US$ 61.8 billion by 2030, growing at a CAGR of 8.2% during the forecast period from 2024 to 2030. 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.

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.

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Refrigeration Condensing Unit Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.2%

Largest Market

North American

Fastest Growing Market

Asia-Pacific

Refrigeration Condensing Unit Market Dynamics

The expansion of the supermarket and hypermarket chains, the addition of convenience and proximity stores, and the growth of the online grocery market in developing nations like India, China, and Indonesia are the main factors driving the development of the refrigeration condensing unit market.

Refrigeration Condensing Unit Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 39.6 billion

Market Size in 2030

US$ 61.8 billion

Market CAGR

8.2%

By Product Type

  • Air-cooled
  • Water-cooled
  • Evaporative

By Cooling Capacity

  • < 20 kw
  • 20-50 kw
  • 51-100 kw
  • 101-500 kw
  • > 500 kw

By Refrigerant Type

  • R404A
  • R134a
  • R744
  • R143a

By Application

  • Residential
  • Commercial
  • Industrial

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The refrigeration condensing unit market report provides granular level information about the market size, regional market share, historic market (2019-2023)and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis

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Frequently Asked Questions

refrigeration condensing unit market size was valued at US$ 39.6 billion in 2023 and is projected to reach US$ 61.8 billion by 2030, at a CAGR of 8.2%.

The major players in the global refrigeration condensing unit market are Baltimore Aircoil Company, BITZER Kühlmaschinenbau GmbH, Carrier Global Corporation, Decsa SRL., Danfoss, Daikin, Emerson Electric Co., Jinan Retek Industries Inc, Johnson Controls International plc., and Hussmann Corporation.

North America is the fastest-growing region for refrigeration condensing unit market

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1. Executive Summary
2. Global Refrigeration Condensing Unit Market Introduction
2.1. Global Refrigeration Condensing Unit Market - Taxonomy
2.2. Global Refrigeration Condensing Unit Market - Definitions
2.2.1. Product Type
2.2.2. Cooling Capacity
2.2.3. Refrigerant Type
2.2.4. Application
2.2.5. Region
3. Global Refrigeration Condensing Unit Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Current Trends
3.5. Global Refrigeration Condensing Unit Market Dynamic Factors - Impact Analysis
3.6. Mergers, Acquisitions, and Collaborations
4. Global Refrigeration Condensing Unit Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Refrigeration Condensing Unit Market, By Product Type, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1. Air-cooled
5.1.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Water-cooled
5.2.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Evaporative
5.3.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Refrigeration Condensing Unit Market, By Cooling Capacity, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1. < 20 kw
6.1.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. 20-50 kw
6.2.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. 51-100 kw
6.3.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. 101-500 kw
6.4.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. > 500 kw
6.5.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Global Refrigeration Condensing Unit Market, By Refrigerant Type, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1. R404A
7.1.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. R134a
7.2.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. R744
7.3.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. R143a
7.4.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Others
7.5.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
8. Global Refrigeration Condensing Unit Market, By Application, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1. Residential
8.1.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Commercial
8.2.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Industrial
8.3.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
9. Global Refrigeration Condensing Unit Market Forecast, By Region, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia Pacific
9.3.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. MEA
9.5.1. Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Refrigeration Condensing Unit Market - Opportunity Analysis Index, By Product Type, Cooling Capacity, Refrigerant Type, Application, and Region, 2024 - 2030
10. North America Refrigeration Condensing Unit Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
10.1. Product Type Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Air-cooled
10.1.2. Water-cooled
10.1.3. Evaporative
10.2. Cooling Capacity Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. < 20 kw
10.2.2. 20-50 kw
10.2.3. 51-100 kw
10.2.4. 101-500 kw
10.2.5. > 500 kw
10.3. Refrigerant Type Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. R404A
10.3.2. R134a
10.3.3. R744
10.3.4. R143a
10.3.5. Others
10.4. Application Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.5. Country Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.5.1. United States
10.5.2. Canada
10.6. North America Refrigeration Condensing Unit Market - Opportunity Analysis Index, By Product Type, Cooling Capacity, Refrigerant Type, Application, and Country, 2018-2029
10.7. North America Refrigeration Condensing Unit Market Dynamics - Trends
11. Europe Refrigeration Condensing Unit Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
11.1. Product Type Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Air-cooled
11.1.2. Water-cooled
11.1.3. Evaporative
11.2. Cooling Capacity Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. < 20 kw
11.2.2. 20-50 kw
11.2.3. 51-100 kw
11.2.4. 101-500 kw
11.2.5. > 500 kw
11.3. Refrigerant Type Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. R404A
11.3.2. R134a
11.3.3. R744
11.3.4. R143a
11.3.5. Others
11.4. Application Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.5. Country Level Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.5.1. UK
11.5.2. Germany
11.5.3. France
11.5.4. Italy
11.5.5. Spain
11.5.6. Rest of Europe
11.6. Europe Refrigeration Condensing Unit Market - Opportunity Analysis Index, By Product Type, Cooling Capacity, Refrigerant Type, Application, and Country, 2018-2029
11.7. Europe Refrigeration Condensing Unit Market Dynamics - Trends
12. Asia Pacific Refrigeration Condensing Unit Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
12.1. Product Type Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Air-cooled
12.1.2. Water-cooled
12.1.3. Evaporative
12.2. Cooling Capacity Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. < 20 kw
12.2.2. 20-50 kw
12.2.3. 51-100 kw
12.2.4. 101-500 kw
12.2.5. > 500 kw
12.3. Refrigerant Type Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. R404A
12.3.2. R134a
12.3.3. R744
12.3.4. R143a
12.3.5. Others
12.4. Application Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.5. Country Level Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. ANZ
12.5.4. Japan
12.5.5. Rest of APAC
12.6. Asia Pacific Refrigeration Condensing Unit Market - Opportunity Analysis Index, By Product Type, Cooling Capacity, Refrigerant Type, Application, and Country, 2018-2029
12.7. Asia Pacific Refrigeration Condensing Unit Market Dynamics - Trends
13. MEA Refrigeration Condensing Unit Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
13.1. Product Type Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Air-cooled
13.1.2. Water-cooled
13.1.3. Evaporative
13.2. Cooling Capacity Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. < 20 kw
13.2.2. 20-50 kw
13.2.3. 51-100 kw
13.2.4. 101-500 kw
13.2.5. > 500 kw
13.3. Refrigerant Type Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. R404A
13.3.2. R134a
13.3.3. R744
13.3.4. R143a
13.3.5. Others
13.4. Application Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
13.5. Country Level Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.5.1. GCC Countries
13.5.2. South Africa
13.5.3. Rest of MEA
13.6. MEA Refrigeration Condensing Unit Market - Opportunity Analysis Index, By Product Type, Cooling Capacity, Refrigerant Type, Application, and Country, 2018-2029
13.7. MEA Refrigeration Condensing Unit Market Dynamics - Trends
14. Latin America Refrigeration Condensing Unit Market Analysis, 2019 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn)
14.1. Product Type Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Air-cooled
14.1.2. Water-cooled
14.1.3. Evaporative
14.2. Cooling Capacity Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. < 20 kw
14.2.2. 20-50 kw
14.2.3. 51-100 kw
14.2.4. 101-500 kw
14.2.5. > 500 kw
14.3. Refrigerant Type Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.3.1. R404A
14.3.2. R134a
14.3.3. R744
14.3.4. R143a
14.3.5. Others
14.4. Application Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.4.1. Residential
14.4.2. Commercial
14.4.3. Industrial
14.5. Country Analysis 2019 - 2030 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.5.1. Brazil
14.5.2. Mexico
14.5.3. Argentina
14.5.4. Rest of LA
14.6. Latin America Refrigeration Condensing Unit Market - Opportunity Analysis Index, By Product Type, Cooling Capacity, Refrigerant Type, Application, and Country, 2018-2029
14.7. Latin America Refrigeration Condensing Unit Market Dynamics - Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Product Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Baltimore Aircoil Company
15.2.2. BITZER Kühlmaschinenbau GmbH
15.2.3. Carrier Global Corporation
15.2.4. Decsa Srl
15.2.5. Danfoss
15.2.6. Daikin
15.2.7. Emerson Electric Co.
15.2.8. Jinan Retek Industries Inc
15.2.9. Johnson Controls International plc
15.2.10. Hussmann Corporation
16. Research Methodology
17. Key Assumptions and Acronyms

Key Market Players

  • Baltimore Aircoil Company
  • BITZER Kühlmaschinenbau GmbH
  • Carrier Global Corporation
  • Decsa Srl
  • Danfoss
  • Daikin
  • Emerson Electric Co.
  • Jinan Retek Industries Inc
  • Johnson Controls International plc
  • Hussmann Corporation

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