There were 1,523 press releases posted in the last 24 hours and 221,860 in the last 365 days.

Industrial Condensing Units Market is Anticipated to Expand at A 5.2% CAGR between 2022 and 2028, Reaching A Valuation of US$ 15.95 Bn By 2028

Growing need for advanced refrigeration across various application areas such as hospitals, power plants, transportation containers and cooling systems is anticipated to create lucrative prospects within the industrial condensing units market

/EIN News/ -- NEWARK, Del, June 27, 2022 (GLOBE NEWSWIRE) -- 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.

At an estimated 4.6% Y-o-Y increase in the revenue over 2021, the industrial condensing units market is set to exceed the US$ 10 Bn mark in 2022. Nearly 3/4th of the total sales of industrial condensing units is accounted by the end use in commercial refrigeration, followed by industrial refrigeration.

Request a Sample of this Report

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.

Ask an Analyst @

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.

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.

Contact Sales for Further Assistance in Purchasing this Report @

Industrial Condensing Units Market by Category


  • New Installation
  • Retrofit


  • Water Cooled
  • Air Cooled


  • Indoor-based Refrigeration
  • Outdoor-based Refrigeration

End Use:

  • Domestic Appliances
  • Indoor Based Air Conditioners
  • Commercial Refrigeration
  • Industrial Refrigeration

Compressor Type:

  • Reciprocating
  • Screw
  • Centrifugal
  • Rotary
  • Scroll

Request Customization @

Table of Content

1. Executive Summary

       1.1. Global Market Outlook

       1.2. Demand Side Trends

       1.3. Supply Side Trends

       1.4. Analysis and Recommendations

       1.5. Global Industrial Condensing Units Market: Long-term Strategies for Lucrative Growth

       1.6. Global Industrial Condensing Units Market Analysis – Key Conclusions

       1.7. Key Success Factors

2. Market Introduction

       2.1. Market Coverage/Taxonomy

       2.2. Market Definition/Scope/Limitations

3. Market Background

       3.1. Macro-Economic Factors

Have a Look at Related Research Reports of Industrial Automation

Water Desalination Equipment Market Size: The global water desalination equipment market is projected to surpass a valuation of US$ 13 Bn by 2022. It is expected to grow at a CAGR of 9% during the forecast period. The market is expected to top US$ 25 Bn by 2032 owing to the growing scarcity of potable water resources across the globe.

Smart Waste Management Market Demand: Total sales in the global smart waste management market are anticipated to surpass a valuation of US$ 2 Bn in 2022, expanding at a 20% CAGR over the assessment period. Increasing development of smart cities across the globe is expected to complement the growth in the market, pushing the market size to nearly US$ 5 Bn by 2032.

Aviation Test Equipment Market Share: The global aviation test equipment market is anticipated to reach US$ 9.8 Billion and exhibit growth at a CAGR of 4.3% from 2022 to 2032. The overall sales of aviation test equipment will total US$ 8.0 Billion in 2022.

Military Vehicles and Aircraft Simulations Market Forecast: The demand in the global military vehicles and aircraft simulations market is anticipated to be valued at US$ 5.9 Billion in 2022. Growing at a CAGR of 7.1%, the market is expected to reach US$ 8.4 Billion by 2032.

Prefabricated Building System Market Analysis: The global prefabricated building system market is anticipated to increase at a robust CAGR of over 6.1% between 2022 and 2032, totaling over US$ 18.5 Billion by 2032. Growth is attributable to the rapid expansion of building and construction industry across the globe.

Traction Motors Market Growth: Global sales of traction motors reached around 11.7 Billion in 2022. The overall demand is projected to increase at a CAGR of 13.0% between 2022 and 2032, surpassing valuation of 30.0 Billion by 2032.

Screw Compressor Market Trends: The global screw compressor market is projected to grow year-on-year by 3.0% in 2022, reaching a value of about US$ 14.8 Bn. With increasing popularity of automation trends, high adoption of oil-free screw air compressors is expected to drive the market. Between 2022 and 2032, sales of screw compressors will increase at a 3.5% CAGR.

Air Sampling Pump Market Value: The air sampling pump market is expected to record a CAGR of 3.79% during the forecast period 2022-2032, up from US$ 47.06 Million in the year 2022 to reach a valuation of US$ 68.27 Million by 2032.

Hydronic Underfloor Heating Market Volume: The hydronic underfloor heating market is expected to increase at a 6% CAGR from an anticipated USD 4.24 billion in 2022 to USD 7.59 billion by 2032.

Microturbines Market Overview: During the projected period, the global microturbines market is expected to rise at a healthy CAGR of 10.8%. Waste heat recovery can be accomplished with over 80% of the efficiency level, with microturbines. With increasing energy consumption across the globe.

About Us     

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 6-years.   


Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries:
Browse latest Market Reports:
LinkedIn| Twitter| Blogs

Primary Logo