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Refrigeration Condensing Unit Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

Refrigeration Condensing Unit Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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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

 

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Report

Description

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.

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.

Refrigeration Condensing Unit Market

MARKET SUMMARY
-
8.2%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 8.2%
  • Largest Market– North American
  • Fastest Growing Market– Asia-Pacific

Refrigeration Condensing Unit Market

  • The refrigeration condensing unit market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The refrigeration condensing unit market is segmented based on product type, cooling capacity, refrigerant type,application and geography.
Key Players
  • Baltimore Aircoil Company
  • BITZER Kühlmaschinenbau GmbH
  • Carrier Global Corporation
  • Decsa Srl
  • Danfoss
Refrigeration Condensing Unit Market Drivers

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.

North America Got Significant Share

Refrigeration Condensing Unit Market

North America market is expected to witness the largest market share during the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share and forecast from 2022-2028
  • The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
  • The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
  • The report tracks recent innovations, key developments and startup’s details that are working in the industry
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
Refrigeration Condensing Unit Market Segmentation

segmentation-block-image

Product Type

    • Air-cooled
    • Water-cooled
    • Evaporative
segmentation-block-image

Cooling Capacity

    • < 20 kw
    • 20-50 kw
    • 51-100 kw
    • 101-500 kw
    • > 500 kw
segmentation-block-image

Refrigerant Type

    • R404A
    • R134a
    • R744
    • R143a
segmentation-block-image

Application

    • Residential
    • Commercial
    • Industrial
Location

GEOGRAPHY

Frequently Asked Questions

The refrigeration condensing unit market is projected to expand at a CAGR of 8.2% during the forecast period

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

Report

Table Of Content

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, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1. Air-cooled
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1. < 20 kw
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1. R404A
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1. Residential
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2022 – 2028
10. North America Refrigeration Condensing Unit Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2017-2028
10.7. North America Refrigeration Condensing Unit Market Dynamics – Trends
11. Europe Refrigeration Condensing Unit Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2017-2028
11.7. Europe Refrigeration Condensing Unit Market Dynamics – Trends
12. Asia Pacific Refrigeration Condensing Unit Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2017-2028
12.7. Asia Pacific Refrigeration Condensing Unit Market Dynamics – Trends
13. MEA Refrigeration Condensing Unit Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2017-2028
13.7. MEA Refrigeration Condensing Unit Market Dynamics – Trends
14. Latin America Refrigeration Condensing Unit Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
14.1. Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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, 2017-2028
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
Report

Company Profile

  • 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

Description

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.

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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