Evaporative Condensing Units Market Outlook (2023 to 2033)

The global evaporative condensing units market size is forecast to increase from US$ 1.5 billion in 2023 to US$ 2.7 billion by 2033. Over the forecast period from 2023 to 2033, global evaporative condensing unit sales are likely to surge at 6.1% CAGR.

In 2022, the worldwide evaporative condensing units industry was valued at about US$ 1.4 billion. The target market is likely to generate an absolute $ opportunity of US$ 1.2 billion over the forecast period.

Evaporative condensing unit demand is expected to remain high in the refrigeration application. As per Future Market Insights (FMI), refrigeration segment is anticipated to thrive at a CAGR of around 6.0% through 2033.

Key Market Shaping Factors:

  • Rising usage of evaporating condensing units in warehouses, food service, and several other sectors is driving the global market forward
  • Surging demand for advanced refrigeration systems to bolster evaporative condensing unit sales
  • Increasing industrial establishments across the world are projected to uplift global evaporative condensing unit demand
  • Growing awareness about the benefits of using evaporative condensers, including their higher energy efficiency, over other condenser types are anticipated to boost growth in the target market
  • Rising concerns about food insecurity due to excessive food wastage is expected to positively impact evaporative condensing unit sales
  • Rapid expansion of the cold chain infrastructure globally is likely to create ample growth opportunities for evaporative condensing unit manufacturers
  • Technological advancements in evaporative condensers will further boost the target market during the assessment period
  • Increasing export of food products across the world is expected to support market expansion
  • Growing adoption of industrial condensing units in commercial buildings and data centers is anticipated to create a high demand for evaporative condensing units
  • Robust expansion of residential, commercial, and industrial sectors coupled with increasing need for highly efficient cooling systems are likely to help to improve global evaporative condensing units market share

Compressors, condensers, and evaporators all play a critical role in how refrigeration systems work, from air conditioners to walk-in freezers and commercial cool rooms. They have become crucial components of modern refrigeration systems and air conditioning equipment.

Evaporative condensing units, also called evaporative condensers, are air-cooled heat exchangers that use the process of evaporation cooling to remove heat from a fluid. These condensers are used to remove excess heat from a cooling system when the heat cannot be utilized for other purposes.

Evaporating condensing units remove excess heat by evaporating water. They have become ideal alternatives for cooling devices such as cooling towers. These evaporative condensers are designed for industrial refrigeration, HVAC, and other applications.

Evaporative condensing units come in various sizes depending on the intended use, which can range from commercial to residential, and industrial. Adoption of these condensing units can help to save up to 15% of energy as compared to traditional units.

Evaporative condensing units are becoming popular among end users due to their higher cooling efficiency, reliability, durability, adaptability, environmentally friendliness, and energy & cost-saving features. These refrigeration systems require lower amounts of water and are being widely used to minimize energy consumption to a great extent.

Rising usage of high-performance evaporative condensing units in refrigeration is emerging as a prominent factor driving the global market forward. Similarly, adoption of these condensers in the air conditioning application will fuel evaporative condenser sales.

Temperature-control devices such as evaporating condensing units are used in commercial refrigerators, air conditioning systems, heat pumps, chillers, etc. to help condense the refrigerant and other substances from a gaseous state into a liquid state. They also find application in industrial chemical processes, steam power plants, and other heat-exchange systems.

Amid fluctuating climatic conditions across the world, demand for energy-efficient systems such as air conditioners is likely to rise rapidly during the assessment period. As per a report published by NASA, global average temperature is estimated to exceed 1.5 °C within the next few decades.

Growing usage of air conditioning systems due to rising temperatures will play a key role in boosting the global evaporative condensing units industry through 2033.

Similarly, growing concerns regarding food insecurity due to increasing food wastage is expected to create lucrative opportunities for evaporative condensing unit manufacturers.

Most of the food produced across the globe gets wasted due to lack of adequate storage and transportation facilities. For instance, an estimated 1.6 billion tonnes of food produced globally is lost or goes to waste, as per the Food and Agriculture Organization of the United Nations.

To reduce food wastage as well as safely store & transport perishable food products, people are employing advanced cooling and refrigeration systems. This is expected to uplift evaporative condensing unit demand during the assessment period.

Robust growth of retail stores, warehouses, restaurants, data centers, and hotels will further boost the target market during the assessment period.

Burgeoning demand for energy-efficient solutions in sectors such as oil & gas, HVAC, chemical, etc. will also contribute towards market expansion.

With growing focus on energy efficiency and environmental sustainability in refrigeration and HVAC sectors, popularity of evaporating condensing units is rising rapidly. This is because these condensing units offer improved energy efficiency than traditional air-cooled systems.

Customers looking to reduce energy consumption and operating costs are rapidly shifting their preference towards evaporating condensing units. This will boost the target market through 2033.

Leading evaporative condensing unit manufacturing companies are continuously investing in research and development to improve the performance and efficiency of evaporative condensing units. This includes innovations in fan technologies, heat exchanger designs, and water management systems.

Attributes Key Insights
Estimated Global Evaporative Condensing Units Market Value (2023) US$ 1.5 billion
Projected Market Size (2033) US$ 2.7 billion
Value-based CAGR (2023 to 2033) 6.1%
United States Market CAGR (2023 to 2033) 6.0%

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2018 to 2022 Global Evaporative Condensing Units Sales Outlook Compared to Demand Forecast from 2023 to 2033

According to Future Market Insights (FMI) latest analysis, global sales of evaporative condensing units grew at around 7.5% CAGR historically from 2018 to 2022. Total market value at the end of 2022 reached US$ 1.4 billion.

Looking ahead, the global evaporative condensing units industry is poised to exhibit a CAGR of 6.1% through 2033. It is likely to generate an absolute $ opportunity of US$ 1.2 billion during the projection period.

Growing usage of evaporative condensing units in refrigeration and air conditioning applications across various sectors is providing impetus for market expansion. Similarly, energy-efficiency and high cooling performance of evaporating condensing units is fueling their demand globally.

Rising need for advanced refrigeration across power plants, hospitals, transportation containers, and cooling systems is expected to create lucrative growth prospects within the evaporative condensing units industry.

Growing number of warehouses and logistics will further elevate demand for evaporative condensing units during the assessment period.

Advancement in condensing technology is paving way for the development of innovative evaporative condensing units with low global warming potential, high energy performance ratio, and trouble-free installation.

Evaporative condensing units are becoming attractive choices for modern air conditioning and refrigeration systems that keep spaces cool and comfortable. These solutions are being widely employed across various sectors to modify temperature.

The rapid growth of residential & commercial sectors, population explosion, and high penetration of industrialization are few of the key factors expected to drive demand for evaporative condensing units during the forecast period.

Integration of smart and connected technologies such as IoT and remote monitoring systems in evaporative condensing units will also play a crucial role in boosting the market. Adoption of these advanced technologies allows for predictive maintenance, real-time monitoring, and optimization of system performance.

Country-wise Insights

Countries Projected CAGR (2023 to 2033)
United States 6.0%
United Kingdom 5.7%
China 6.0%
Japan 6.0%
South Korea 5.8%
Countries Market Value (2033)
United States US$ 0.476 billion
United Kingdom US$ 0.85 billion
China ~US$ 0.627 billion
Japan ~US$ 0.518 billion
South Korea ~US$ 0.141 billion
Countries Historical CAGR (2018 to 2022)
United States 7.4%
United Kingdom 7.1%
China 7.3%
Japan 7.2%
South Korea 7.0%

What is the Sales Forecast for Evaporative Condensing Units in the United States?

Rising Demand for Commercial Refrigeration Fueling Evaporative Condensing Unit Sales in the United States

According to Future Market Insights (FMI), the United States evaporative condensing units market is anticipated to cross a valuation of US$ 0.476 billion by 2033. It is likely to generate an absolute $ opportunity of US$ 0.210 billion during the assessment period.

Historically, evaporative condensing unit demand in the United States grew at 7.4% CAGR. Over the projection period, sales of evaporative condensing units in the country are predicted to soar at 6.0% CAGR.

Growth in the United States market is driven by rising need for reducing food wastage and surging demand for commercial refrigeration. Subsequently, growing preference for evaporative condensers over other types including water-cooled condensers due to their energy-efficient and eco-friendly nature will fuel sales.

In recent years, there has been an upsurge in food wastage across the United States due to unsuitable temperatures during transportation and storage of food items. For instance, as per the United States Department of Agriculture (USDA), around 30% to 40% of the food supply is lost or goes to waste in the United States.

In order to minimize food wastage, end users such as food manufacturing sector, retail stores, transportation containers, and hotels employ commercial refrigeration systems. This in turn is positively impacting evaporative condensing unit sales across the United States.

Evaporative condensers have become ideal solutions for commercial and industrial refrigeration and HVACs. This is due to their various benefits including high energy efficiency and low maintenance costs.

Continuous advancements in refrigeration technology and rapid shift towards eco-friendly and energy-efficient cooling systems will further boost the United States market.

What is China Evaporative Condensing Units Industry Demand Outlook?

Growing Demand for Commercial Air Conditioning Systems Boosting China Market

As per FMI’s latest report, China is expected to remain at the top of the ladder in the global evaporative condensing units industry during the assessment period. This is due to rapid growth of residential and commercial sectors and escalating demand for commercial air conditioning systems.

The evaporative condensing units industry in China is projected to exceed a valuation of US$ 0.627 billion by 2033. It is anticipated to create an absolute $ opportunity of US$ 0.276 billion during the assessment period.

For the projection period, evaporative condensing unit demand in China is forecast to rise at 6.0% CAGR, in comparison to 7.3% CAGR recorded from 2018 to 2022.

Presence of a large number of leading evaporative condenser manufacturers is another key factor facilitating market expansion in China.

China is home to various large compressor factories or those with an annual production capacity more than 10 million units. These leading evaporative condensing unit manufacturers are increasingly introducing energy-efficient and eco-friendly products to increase their sales.

Why is the Demand for Evaporative Condensing Units Rising across India?

Expanding Real Estate Sector Fueling Sales of Evaporative Condensing Units in India

India is emerging as one of the key markets for evaporative condensing units across South Asia and Pacific. Rising need for energy-efficient evaporative condensing units in thriving industrial and commercial sectors and changing climatic conditions are few of the factors driving the India market.

Amid exploding population and rising food concerns, the Indian government is putting various efforts to develop the country's industrial and commercial infrastructure. Expansion of real estate sector in turn is playing a key role in driving the evaporative condensing units industry.

Over the years, Indian real estate sector has witnessed significant growth due to surging demand for office as well as residential spaces. For instance, as per the Indian Brand Equity Foundation (IBEF), real estate sector in India, comprising retail, housing, hospitality, and commercial sub sectors, is anticipated to reach around US$ 1 trillion by 2030.

Rising adoption of energy-efficient air conditioning systems across industrial, commercial, and residential sectors will bolster evaporative condensing unit sales in India through 2033.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Category-wise Insights

Top Segment (Application) Refrigeration
Historical CAGR (2018 to 2022) 7.4%
Projected CAGR (2023 to 2033) 6.0%
Top Segment (Application) Commercial
Historical CAGR (2018 to 2022) 7.2%
Projected CAGR (2023 to 2033) 5.7%

Which is the Highly Lucrative Application for Evaporative Condensing Units?

Refrigeration to Remain the Highly Remunerative Application for Evaporative Condensing Units

Based on application, the global evaporative condensing units industry is segmented into refrigeration and air conditioning. Among these, refrigeration segment will continue to remain the most profitable application, generating significant revenues for evaporative condensing unit manufacturers.

As per Future Market Insights (FMI), the refrigeration segment is projected to thrive at 6.0% CAGR during the assessment period in comparison to 7.4% CAGR registered from 2018 to 2022.

Demand for evaporating condensing units is rising in refrigeration segment owing to the advancements in refrigeration technologies and robust growth of food processing sector.

Evaporative condensing units are being widely used for refrigeration. They use both water and air for the condensation of the refrigerant. In this type of

Evaporative condensers are a type of indirect cooling system in which heat of vapor refrigeration is taken by water and water is cooled by air. These evaporative condensing units perform the combined functions of a cooling tower and a water-cooled condenser.

Rising usage of evaporative condensing units for refrigeration applications across several sectors including food processing and storage facilities will boost growth of the target segment during the assessment period.

Which End-use Sector Will Generate Significant Revenues in the Target Market?

Commercial Sector to Create Ample Growth Opportunities for the Target Market

Based on end use, the worldwide evaporative condensing units industry is categorized into commercial, power, and chemical. Among these, commercial segment is projected to dominate the global market.

According to Future Market Insights’ (FMI) latest analysis, commercial segment will generate significant revenues in the target industry. This is due to rising usage of evaporative condensing units across the commercial sector.

Historically, the commercial segment witnessed a CAGR of 7.2% and for the projection period, it is likely to expand at 5.7% CAGR.

Evaporative condensing units are being increasingly employed for air conditioning and refrigeration purposes in the commercial sector. This is due to their high energy efficiency and low water consumption.

Evaporative condensing units find application in restaurants, warehouses, cold storage, and food processing units. Expansion of these facilities will create a high demand for evaporative condensing units throughout the forecast period.

Competitive Landscape

Leading evaporative condensing unit manufacturers listed in the report include Johnson Controls International PLC, AAON, Inc, Baltimore Aircoil Company, Daikin Industries Ltd., Decsa Srl, Nortek Air Solutions, LLC., SPX Corporation, Evapco, Inc., TEVA - Tecnicas Evaporativas, S.L, and Temp Tech Co., Ltd. among others.

These key manufacturers of evaporative condensing units are continuously innovating to develop high-performance and power-saving products that meet end user requirements. They also utilize tactics such as partnerships, acquisitions, facility expansions, mergers, agreements, facility expansions, and collaborations to gain a competitive edge in the market.

Recent developments:

  • In June 2023, M&M Carnot, a prominent provider of natural refrigeration solutions with ultra-low GWP, was acquired by Johnson Controls. With this acquisition, Johnson Controls aims to help customers meet their sustainability goals while meeting environmental regulations.
  • In July 2023, AAON, a global leader in HVAC solutions for industrial and commercial indoor environments, announced the expansion of its facility in Longview, TX to capitalize on the emerging growth opportunities and meet end user demand.
  • In June 2023, SPX Technologies, Inc. completed the acquisition of ASPEQ Heating Group to strengthen its portfolio and expand its global footprint.
  • In February 2018, the United States-based Baltimore Aircoil Company launched a new water saving industrial evaporative condenser called the Vertex for industrial applications.
  • In July 2019, SPX Corporation completed the acquisition of SGS Refrigeration Inc, a leading manufacturer of industrial refrigeration products in the North America market.
  • In October 2017, Kaltra GmbH expanded its portfolio by introducing new dry coolers and evaporative condensers. The new products have power saving potential and set new standards in the field of efficient and environmentally safe cooling.

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Scope of the Report

Attribute Details
Estimated Market Value (2023) US$ 1.5 billion
Projected Market Value (2033) US$ 2.7 billion
Anticipated Growth Rate (2023 to 2033) 6.1% CAGR
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in US$ billion, Volume in Units, and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered Application, End Use, and Region
Regions Covered North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; and the Middle East & Africa
Key Countries Covered United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others.
Key Companies Profiled Johnson Controls International PLC; AAON, Inc; Baltimore Aircoil Company; Daikin Industries Ltd.; Decsa Srl; Nortek Air Solutions, LLC.; SPX Corporation; Evapco, Inc.; TEVA - Tecnicas Evaporativas, S.L; Temp Tech Co., Ltd.

Global Evaporative Condensing Units Market Segmentation

By Application:

  • Refrigeration
  • Air Conditioning

By End Use:

  • Commercial
  • Power
  • Chemical

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa

Frequently Asked Questions

What is the Current Estimated Valuation of the Evaporative Condensing Units Market?

The evaporative condensing units market is set to reach US$ 1.5 billion in 2023.

What Size is the Evaporative Condensing Units Market Expected to Reach by 2033?

The global evaporative condensing units market is poised to achieve a revenue milestone of US$ 2.7 billion by 2033.

What is the CAGR Forecast for the Evaporative Condensing Units Market?

A CAGR of 6.1% is predicted for the evaporative condensing units market through 2033.

Which Country Reveals Substantial Profit Opportunities for Evaporative Condensing Units?

The evaporative condensing units market size in the United Kingdom is projected to reach US$ 0.85 billion by 2033, emerging as a prominent leader.

Which is the Key Segment in the Evaporative Condensing Units Market by Application?

With a projected CAGR of 7.4% through 2033, the refrigeration segment is set to lead the market.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Billion) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis By Application, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Billion) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033

        5.3.1. Refrigeration

        5.3.2. Air Conditioning

    5.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis By End Use, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Billion) & Volume (Units) Analysis and Forecast By End Use, 2023 to 2033

        6.3.1. Commercial

        6.3.2. Power

        6.3.3. Chemical

    6.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Billion) & Volume (Units) Analysis By Region, 2018 to 2022

    7.3. Current Market Size Value (US$ Billion) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Western Europe

        7.3.4. Eastern Europe

        7.3.5. South Asia and Pacific

        7.3.6. East Asia

        7.3.7. Middle East and Africa

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    8.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    8.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        8.2.1. By Country

            8.2.1.1. United States

            8.2.1.2. Canada

        8.2.2. By Application

        8.2.3. By End Use

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Application

        8.3.3. By End Use

    8.4. Key Takeaways

9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Application

        9.2.3. By End Use

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Application

        9.3.3. By End Use

    9.4. Key Takeaways

10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. United Kingdom

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Western Europe

        10.2.2. By Application

        10.2.3. By End Use

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Application

        10.3.3. By End Use

    10.4. Key Takeaways

11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Poland

            11.2.1.2. Russia

            11.2.1.3. Czech Republic

            11.2.1.4. Romania

            11.2.1.5. Rest of Eastern Europe

        11.2.2. By Application

        11.2.3. By End Use

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Application

        11.3.3. By End Use

    11.4. Key Takeaways

12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Bangladesh

            12.2.1.3. Australia

            12.2.1.4. New Zealand

            12.2.1.5. Rest of South Asia and Pacific

        12.2.2. By Application

        12.2.3. By End Use

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Application

        12.3.3. By End Use

    12.4. Key Takeaways

13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

        13.2.2. By Application

        13.2.3. By End Use

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Application

        13.3.3. By End Use

    13.4. Key Takeaways

14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Billion) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. GCC Countries

            14.2.1.2. South Africa

            14.2.1.3. Israel

            14.2.1.4. Rest of Middle East & Africa

        14.2.2. By Application

        14.2.3. By End Use

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Application

        14.3.3. By End Use

    14.4. Key Takeaways

15. Key Countries Market Analysis

    15.1. United States

        15.1.1. Pricing Analysis

        15.1.2. Market Share Analysis, 2023

            15.1.2.1. By Application

            15.1.2.2. By End Use

    15.2. Canada

        15.2.1. Pricing Analysis

        15.2.2. Market Share Analysis, 2023

            15.2.2.1. By Application

            15.2.2.2. By End Use

    15.3. Brazil

        15.3.1. Pricing Analysis

        15.3.2. Market Share Analysis, 2023

            15.3.2.1. By Application

            15.3.2.2. By End Use

    15.4. Mexico

        15.4.1. Pricing Analysis

        15.4.2. Market Share Analysis, 2023

            15.4.2.1. By Application

            15.4.2.2. By End Use

    15.5. Germany

        15.5.1. Pricing Analysis

        15.5.2. Market Share Analysis, 2023

            15.5.2.1. By Application

            15.5.2.2. By End Use

    15.6. United Kingdom

        15.6.1. Pricing Analysis

        15.6.2. Market Share Analysis, 2023

            15.6.2.1. By Application

            15.6.2.2. By End Use

    15.7. France

        15.7.1. Pricing Analysis

        15.7.2. Market Share Analysis, 2023

            15.7.2.1. By Application

            15.7.2.2. By End Use

    15.8. Spain

        15.8.1. Pricing Analysis

        15.8.2. Market Share Analysis, 2023

            15.8.2.1. By Application

            15.8.2.2. By End Use

    15.9. Italy

        15.9.1. Pricing Analysis

        15.9.2. Market Share Analysis, 2023

            15.9.2.1. By Application

            15.9.2.2. By End Use

    15.10. Poland

        15.10.1. Pricing Analysis

        15.10.2. Market Share Analysis, 2023

            15.10.2.1. By Application

            15.10.2.2. By End Use

    15.11. Russia

        15.11.1. Pricing Analysis

        15.11.2. Market Share Analysis, 2023

            15.11.2.1. By Application

            15.11.2.2. By End Use

    15.12. Czech Republic

        15.12.1. Pricing Analysis

        15.12.2. Market Share Analysis, 2023

            15.12.2.1. By Application

            15.12.2.2. By End Use

    15.13. Romania

        15.13.1. Pricing Analysis

        15.13.2. Market Share Analysis, 2023

            15.13.2.1. By Application

            15.13.2.2. By End Use

    15.14. India

        15.14.1. Pricing Analysis

        15.14.2. Market Share Analysis, 2023

            15.14.2.1. By Application

            15.14.2.2. By End Use

    15.15. Bangladesh

        15.15.1. Pricing Analysis

        15.15.2. Market Share Analysis, 2023

            15.15.2.1. By Application

            15.15.2.2. By End Use

    15.16. Australia

        15.16.1. Pricing Analysis

        15.16.2. Market Share Analysis, 2023

            15.16.2.1. By Application

            15.16.2.2. By End Use

    15.17. New Zealand

        15.17.1. Pricing Analysis

        15.17.2. Market Share Analysis, 2023

            15.17.2.1. By Application

            15.17.2.2. By End Use

    15.18. China

        15.18.1. Pricing Analysis

        15.18.2. Market Share Analysis, 2023

            15.18.2.1. By Application

            15.18.2.2. By End Use

    15.19. Japan

        15.19.1. Pricing Analysis

        15.19.2. Market Share Analysis, 2023

            15.19.2.1. By Application

            15.19.2.2. By End Use

    15.20. South Korea

        15.20.1. Pricing Analysis

        15.20.2. Market Share Analysis, 2023

            15.20.2.1. By Application

            15.20.2.2. By End Use

    15.21. GCC Countries

        15.21.1. Pricing Analysis

        15.21.2. Market Share Analysis, 2023

            15.21.2.1. By Application

            15.21.2.2. By End Use

    15.22. South Africa

        15.22.1. Pricing Analysis

        15.22.2. Market Share Analysis, 2023

            15.22.2.1. By Application

            15.22.2.2. By End Use

    15.23. Israel

        15.23.1. Pricing Analysis

        15.23.2. Market Share Analysis, 2023

            15.23.2.1. By Application

            15.23.2.2. By End Use

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By Application

        16.3.3. By End Use

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. Johnson Controls International PLC

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

                17.1.1.5.2. Product Strategy

                17.1.1.5.3. Channel Strategy

        17.1.2. AAON, Inc

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

                17.1.2.5.2. Product Strategy

                17.1.2.5.3. Channel Strategy

        17.1.3. Baltimore Aircoil Company

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

                17.1.3.5.2. Product Strategy

                17.1.3.5.3. Channel Strategy

        17.1.4. Daikin Industries Ltd.

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

                17.1.4.5.2. Product Strategy

                17.1.4.5.3. Channel Strategy

        17.1.5. Decsa Srl

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

                17.1.5.5.2. Product Strategy

                17.1.5.5.3. Channel Strategy

        17.1.6. Nortek Air Solutions, LLC.

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

                17.1.6.5.2. Product Strategy

                17.1.6.5.3. Channel Strategy

        17.1.7. SPX Corporation

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

                17.1.7.5.2. Product Strategy

                17.1.7.5.3. Channel Strategy

        17.1.8. Evapco, Inc.

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

                17.1.8.5.2. Product Strategy

                17.1.8.5.3. Channel Strategy

        17.1.9. TEVA - Tecnicas Evaporativas, S.L

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

                17.1.9.5.2. Product Strategy

                17.1.9.5.3. Channel Strategy

        17.1.10. Temp Tech Co., Ltd.

            17.1.10.1. Overview

            17.1.10.2. Product Portfolio

            17.1.10.3. Profitability by Market Segments

            17.1.10.4. Sales Footprint

            17.1.10.5. Strategy Overview

                17.1.10.5.1. Marketing Strategy

                17.1.10.5.2. Product Strategy

                17.1.10.5.3. Channel Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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