The global industrial condensing units market is estimated to be worth around US$ 11.75 Billion in 2022. With bourgeoning demand from various end-use sectors, the overall industrial condensing units market is anticipated to expand at a 5.2% CAGR between 2022 and 2028, reaching a valuation of US$ 15.95 Billion by 2028.
| Attribute | Details |
|---|---|
| Industrial Condensing Units Market Estimated Size in 2022 | US$ 11.75 Billion |
| Industrial Condensing Units Market Value-based CAGR (2022-2028) | 5.2% |
| Industrial Condensing Units Market Projected Size in 2028 | US$ 15.95 Billion |
Regionally, South Asia is set to register the fastest growth in the industrial condensing units market, growing at a robust CAGR of 7.5% between 2022 and 2028. Sales in the region are projected to be driven by expanding construction and HoReCa sectors, and growing inclination towards consuming healthy foods.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 5.0% |
| H1,2022 Projected (P) | 5.1% |
| H1,2022 Outlook (O) | 4.8% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (-) 30 ↓ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (-) 16 ↓ |
Future Market Insights presents a half-year comparison and insightful analysis of the industrial condensing unit's market growth outlook. Rapid industrialization, urbanization, changing weather conditions, infrastructure developments, and increasing demand from the residential, industrial, and commercial sectors are some of the influences driving the global industrial condensing units market.
The construction industry, as well as the growing hotel, restaurants, and cafes around the world, are enhancing the sales.
The global sales for industrial condensing units witnessed a growth rate of 5.0% over the first half of 2021, as compare to the current estimation, the market had witness a decline of 16 bps points. Further the market growth outlook is expecdt to witness a decrease in the growth rate of 30 BPS as compare to the earlier projecetions for the first half of 2022.
This decrease in the growth outlook is mainly attribute to shutdown of a large area in China, as the country accounts for a key share of the market, overall growth had been impacted to a certain extent.
The rising 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. The year-over-year growth of the market is expected to increase in the coming years.
The development of novel industrial condensing units with low carbon emission potential refrigerants, good energy performance ratios, and trouble-free installation has been aided by advancements in condensing technology is expected to remain a key market trend.
The global industrial condensing units market is set to grow at a steady CAGR of 5.2% between 2022 and 2028, in comparison to the 5.0% CAGR registered from 2013 to 2021.
As per FMI, rapid industrialization, changing weather conditions, increasing expenditure on infrastructure development and surging demand from the industrial, residential and commercial sectors are some of the factors driving the global industrial condensing units market.
Expansion of the construction industry along with the booming HoReCa sector across the globe is boosting the sales in the market.
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.
Advancement in condensing technology has paved way for the development of innovative industrial condensing units with low GWP (global warming potential) refrigerants, high energy performance ratio and trouble-free installation. Leading manufacturers are investing in research and development to improve their product portfolios, which is expected to boost the market in the forthcoming years.
Backed by the aforementioned factors, the market volume for industrial condensing units market is set to expand 1.3X through 2028.
Expansion of the commercial sector across both developed and developing countries due to increasing investment, growing population, rapid urbanization, and economic boom is expected to have a profound impact on the industrial condensing units market.
Rising number of retail stores, restaurants, warehouses, offices, data centers and hotels is spurring demand for industrial condensing units.
Growing food insecurity issue due to excessive wastage of food is prompting manufacturers to adopt better storage facilities. According to the Food and Agriculture Organization of the United Nations, an estimated 1/3 (approx. 1.3 billion tonnes) food produced globally is lost or goes to waste.
Lack of better storage and cooling facilities mainly at the early stages of food value chain is one of the major factors which increases food waste. To address this issue, large number of industrial condensing units are being employed across retail stores, colling facilities, transportation containers, restaurants, and warehouses. These units provide a suitable temperature and help to extend the shelf life of food products.
Similarly, adoption of industrial condensing units in commercial buildings and data centers will continue to create growth prospects within the industrial condensing units market over the forecast period.
Booming Real Estate Sector is Boosting Sales of Industrial Condensing Units in India
India is emerging as one of the most lucrative markets for industrial condensing units across South Asia. Increasing need for energy saving refrigerant condensing units in industrial and commercial sectors, presence of leading domestic and international market players, and changing climatic conditions are some of the factors driving the India industrial condensing units market.
With rising population and growing food concerns, the Indian government is putting various efforts to develop the country's industrial and commercial infrastructure. Expansion of real estate industry is playing a key role in driving the industrial condensing units market.
The Indian real estate sector has witnessed significant growth in recent times due to increasing establishments of office as well as residential spaces According to the Indian Brand Equity Foundation (IBEF), real estate sector in India, comprising housing, retail, hospitality and commercial sub sectors, is projected to reach around US$ 1 trillion by 2030.
Rising adoption of industrial condensing units across diverse applications such as blood banks, food storage facilities, pharmacies and retail stores is anticipated to boost the growth of industrial condensing units market in India during the forecast period.
As per FMI, the South Asia industrial condensing units market, spearheaded by India is set to expand at a robust CAGR of 7.5% between 2022 and 2028.
“Rising Food Waste Concerns are Boosting Sales in the U.S. Industrial Condensing Units Market”
Owing to rapid industrialization, heavy presence of leading market players and surging demand for commercial refrigeration, the U.S. will continue to remain the hub of industrial condensing units during the forecast period.
Rising disposable income coupled with changing lifestyle is creating huge demand for processed and packaged food items across the country. However, unsuitable temperature during transportation and storage of food items is resulting in the food wastage.
According to the United States Department of Agriculture (USDA), around 30-40% of the food supply is lost or goes to waste in the U.S. in order to minimize this loss, large number of industrial condensing units are being employed in food manufacturing industry, retail stores, transportation containers, restaurants and hotels. This is in turn accelerating the growth in the market.
Moreover, continuous advancement in refrigeration technology along with increasing adoption of modern ecofriendly industrial condensing units across diverse industries will continue to boost the growth in the U.S. market over the forecast period.
Based on the aforementioned factors, a CAGR of 4.5% has been predicted for North America industrial condensing units market between 2022 and 2028.
China is estimated to account for the lion’s share in the East Asia condensing units market, in terms of value. The government of China is encouraging the use of natural refrigerants in many applications. These refrigerants are particularly preferred in heat pumps, room air conditioners, industrial and commercial uses.
The construction industry forms an important pillar of the China's national economy. Rapid industrialization, urbanization and growth of commercial sector are creating significant demand for better cooling and refrigeration systems such as HVAC.
Technological advancements across the country have paved way for the development of advanced air conditioning units with low noise, high efficiency, and cost-effective features.
Amid increasing adoption for industrial conditioning units across most of the industrial and commercial structures in China, East Asia market is forecast to grow at a healthy CAGR of 5.6% over the forecast period.
Principal Consultant
Based on installation, the global industrial condensing units market is segmented into new installation and retrofit. Among these, new installation segment dominates the global industrial condensing units market and is projected to dominate the market during the forecast period.
Installation of new industrial conditioning units offer various advantages including higher efficiency, proper sizing and helps in saving money. For these reasons, majority of the people prefer new installations over retrofit.
Increasing adoption of new industrial condensing units across various end-use sectors is anticipated to boost the growth of industrial condensing units market through 2028.
End Users Prefer Air-cooled Industrial Condensing Units in Most Cases
The air-cooled condensing segment is anticipated to grow at the highest CAGR over the forecast period. These are usually smaller in size, easy to install and require low maintenance. Moreover, they do not require cooling water for the condensing or refrigeration process. Thus, they promote the idea of water conservation.
Thanks to its various advantages, air cooled industrial condensing units remain the most preferred product across commercial applications. Additionally, scarcity of water globally is fueling the adoption of air-cooled industrial condensing units and the trend is likely to continue in the future.
In terms of application, the outdoor-based refrigeration segment is expected to dominate the market over the forecast period.
Growing popularity of outdoor condensing units for addressing drastic climatic changes across various counties will drive the global industrial units market over the forecast period. Moreover, recent advances in outdoor condensing unit technology is positively impacting the growth in this segment.
Majority of Sales to Remain Concentrated in Commercial Refrigeration
As per FMI, commercial refrigeration segment will continue to dominate the global industrial condensing units market over the forecast period.
With increasing number of malls, hotels, restraints, offices, warehouses, and retail stores, sales of industrial condensing units are surging rapidly. These condensing units are being extensively utilized for providing advanced refrigeration across commercial applications.
Superior performance benefits offered by industrial condensing units make them a viable investment for commercial refrigeration applications. Expansion of the commercial sector across the globe, coupled with increasing adoption of industrial condensing units for food storage will continue to boost the sales during the forecast period.
Scroll Compressor Remains the Most Preferred Type
On the basis of compressor type, the global industrial condensing units market has been segmented into reciprocating, screw, centrifugal, rotary and scroll. Among these, scroll compressor remains the most preferred type used in industrial condensing units. They have gained wide acceptance in commercial application during the last few years.
Scroll compressors run quieter and smoother than other compressor types as they have only two moving parts. The presence of lesser parts make scroll compressor energy efficient more reliable and less prone to mechanical failure.
Moreover, compactness and lightweight of scroll compressors is fueling their adoption in industrial condensing units.
The industrial condensing units market is highly competitive in nature. Leading market players are constantly upgrading their product portfolios. Besides this, they are adopting various organic and inorganic strategies such as mergers, partnerships, collaborations and acquisitions to gain a competitive edge. For instance:
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2028 |
| Historical Data Available for | 2013 to 2021 |
| Market Analysis | Units for Volume and US$ Million for Value |
| Key Regions Covered | North America, Latin America, Europe, South Asia, East Asia, India, and the Middle East & Africa |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, The UK, France, Italy, Spain, Russia, Poland, China, Japan, South Korea, India, ASEAN, Turkey and South Africa |
| Key Segments Covered | Capacity, Installation, Technology, Application, End Use, Compressor Type, and Region |
| Key Companies Profiled |
|
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The industrial condensing units market is estimated to be worth around US$ 11.75 Bn in 2022.
As per FMI, the industrial condensing units market is forecast to register a CAGR of 5.2% between 2022 and 2028.
The industrial condensing units market grew at a CAGR of 5.0% between 2013 and 2021.
Increasing penetration of industrialization across developing regions, the introduction of ecofriendly products and rising demand for industrial condensing units across various sectors are some of the key trends shaping the growth of industrial condensing units market.
The North American industrial condensing units market is anticipated to grow at 4.5% CAGR over the forecast period.
The South Asia industrial condensing units market is projected to rise at 7.5% CAGR between 2022 and 2028.
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. are some of the leading players operating in the industrial condensing units market.
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 Market: Long-term Strategies for Lucrative Growth
1.6. Global 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
3.1.1. Overall Economic Outlook
3.1.2. Global Population Overview
3.1.3. Real GDP Growth
3.1.4. Industry-Value Added Growth
3.1.5. Global GDP by Region
3.1.6. Global Construction Industry Snapshot
3.1.7. Global Automotive Production, by Region
3.1.8. Global Energy Consumption
3.1.9. Annual Household Expenditure Overview
3.2. Truck and Trailer Production Outlook
3.3. Global Capacity of Refrigerated Warehouses: Overview
3.4. Consumer Spending and Refrigerated Warehouses: Overview
3.5. Global Manufacturing Output Analysis
3.6. Demographic Outlook
3.7. Urban Population Growth Outlook
3.8. India Market Analysis – Key Growth Region
3.9. Forecast Factors: Relevance and Impact
3.10. Value Chain
3.11. Market Dynamics
3.11.1. Drivers
3.11.2. Restraints
3.11.3. Trends
3.11.4. Opportunity Analysis
3.12. Emerging Trends in Cold Chain Industry
3.13. Refrigerant Regulations
3.14. Economics – Refrigerated Truck and Trailers
3.15. Advantages of Compressors
3.16. Key Components Used and Structure of Refrigerated Trucks
3.17. Inefficiencies in the Food Supply Chain
3.18. Cold Chain Logistics Industry Value Chain
3.19. Government Food and Logistics Regulatory Scenario
3.20. Role of Refrigerated Trailer in Cold Chain
3.21. Process of Cold Chain
4. Market Forecast
4.1. Global Market Volume (Units) Analysis 2013–2021 and Forecast 2022–2028
4.2. Pricing Analysis
4.3. Global Market Value (US$ Mn) Analysis 2013–2021 and Forecast 2022–2028
5. Global Market Analysis 2013–2021 and Forecast 2022–2028, by Technology
5.1. Introduction / Key Findings
5.2. Historical Aftermarket Size (US$ Mn) and Volume Analysis by Technology, 2013 - 2021
5.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by Technology, 2022 - 2022
5.3.1. Water Cooled
5.3.2. Air Cooled
5.4. Market Attractiveness Analysis by Technology
6. Global Market Analysis 2013–2021 and Forecast 2022–2028, by Application
6.1. Introduction / Key Findings
6.2. Historical Aftermarket Size (US$ Mn) and Volume Analysis by Application, 2013 - 2021
6.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by Application, 2022 - 2022
6.3.1. Indoor-based Refrigeration
6.3.2. Outdoor-based Refrigeration
6.4. Market Attractiveness Analysis by Application
7. Global Market Analysis 2013–2021 and Forecast 2022–2028, by Installation
7.1. Introduction / Key Findings
7.2. Historical Aftermarket Size (US$ Mn) and Volume Analysis by Installation, 2013 - 2021
7.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by Installation, 2022 - 2022
7.3.1. New Installation
7.3.2. Retrofit
7.4. Market Attractiveness Analysis by Installation
8. Global Market Analysis 2013–2021 and Forecast 2022–2028, by End Use
8.1. Introduction / Key Findings
8.2. Historical Aftermarket Size (US$ Mn) and Volume Analysis by End Use, 2013 - 2021
8.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by End Use, 2022 - 2022
8.3.1. Domestic Appliances
8.3.2. Indoor Based Air Conditioners
8.3.3. Commercial Refrigeration
8.3.3.1. Retail Stores
8.3.3.2. HORECA
8.3.3.3. Cold Storage and Warehouse
8.3.3.4. Office & Other Commercial Buildings
8.3.3.5. IT & Data Centers
8.3.4. Industrial Refrigeration
8.4. Market Attractiveness Analysis by End Use
9. Global Analysis 2013–2021 and Forecast 2022–2028 by Compressor Type
9.1. Introduction / Key Findings
9.2. Historical Aftermarket Size (US$ Mn) and Volume Analysis by Compressor Type, 2013 - 2021
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by Compressor Type, 2022 - 2022
9.3.1. Reciprocating
9.3.2. Screw
9.3.3. Centrifugal
9.3.4. Rotary
9.3.5. Scroll
9.4. Market Attractiveness Analysis by Compressor Type
10. Global Analysis 2013–2021 and Forecast 2022–2028 by Sales Channel
10.1. Introduction / Key Findings
10.2. Historical Aftermarket Size (US$ Mn) and Volume Analysis by Sales Channel, 2013 - 2021
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by Sales Channel, 2022 - 2022
10.3.1. OEM
10.3.2. Aftermarket
10.4. Market Attractiveness Analysis by Sales Channel
11. Global Analysis 2013–2021 and Forecast 2022–2028 by Capacity
11.1. Introduction / Key Findings
11.2. Historical Aftermarket Size (US$ Mn) and Volume Analysis by Capacity, 2013 - 2021
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by Capacity, 2022 - 2022
11.3.1. Up to 1 kW
11.3.2. 2 – 10 kW
11.3.3. 11 – 40 kW
11.3.4. Above 40 kW
11.4. Market Attractiveness Analysis by Capacity
12. Global Analysis 2013–2021 and Forecast 2022–2028 by Region
12.1. Introduction / Key Findings
12.2. Historical Aftermarket Size (US$ Mn) and Volume Analysis by Region, 2013 - 2021
12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by Region, 2022 - 2022
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. South Asia
12.3.5. East Asia
12.3.6. Oceania
12.3.7. Middle East & Africa
12.4. Market Attractiveness Analysis by Region
13. North America Analysis 2013–2021 and Forecast 2022–2028
13.1. Introduction
13.2. Historical Aftermarket Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 – 2021
13.3. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2022 – 2028
13.3.1. by Country
13.3.1.1. U.S.
13.3.1.2. Canada
13.3.2. by Capacity
13.3.3. by Technology
13.3.4. by Application
13.3.5. by Installation
13.3.6. by End Use
13.3.7. by Compressor Type
13.4. Market Attractiveness Analysis
13.4.1. by Country
13.4.2. by Capacity
13.4.3. by Technology
13.4.4. by Application
13.4.5. by Installation
13.4.6. by End Use
13.4.7. by Compressor Type
13.5. Key Market Participants – Intensity Mapping
14. Latin America Analysis 2013–2021 and Forecast 2022–2028
14.1. Introduction
14.2. Historical Aftermarket Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 – 2021
14.3. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2022 – 2028
14.3.1. by Country
14.3.1.1. Brazil
14.3.1.2. Mexico
14.3.1.3. Rest of Latin America
14.3.2. by Capacity
14.3.3. by Technology
14.3.4. by Application
14.3.5. by Installation
14.3.6. by End Use
14.3.7. by Compressor Type
14.4. Market Attractiveness Analysis
14.4.1. by Capacity
14.4.2. by Technology
14.4.3. by Application
14.4.4. by Installation
14.4.5. by End Use
14.4.6. by Compressor Type
14.5. Key Market Participants – Intensity Mapping
15. Europe Analysis 2013–2021 and Forecast 2022–2028
15.1. Introduction
15.2. Historical Aftermarket Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 – 2021
15.3. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2022 – 2028
15.3.1. by Country
15.3.1.1. Germany
15.3.1.2. Italy
15.3.1.3. France
15.3.1.4. U.K.
15.3.1.5. Poland
15.3.1.6. Russia
15.3.1.7. Rest of Europe
15.3.2. by Capacity
15.3.3. by Technology
15.3.4. by Application
15.3.5. by Installation
15.3.6. by End Use
15.3.7. by Compressor Type
15.4. Market Attractiveness Analysis
15.4.1. by Country
15.4.2. by Capacity
15.4.3. by Technology
15.4.4. by Application
15.4.5. by Installation
15.4.6. by End Use
15.4.7. by Compressor Type
15.5. Key Market Participants – Intensity Mapping
16. East Asia Analysis 2013–2021 and Forecast 2022–2028
16.1. Introduction
16.2. Historical Aftermarket Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 – 2021
16.3. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2022 – 2028
16.3.1. by Country
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.2. by Capacity
16.3.3. by Technology
16.3.4. by Application
16.3.5. by Installation
16.3.6. by End Use
16.3.7. by Compressor Type
16.4. Market Attractiveness Analysis
16.4.1. by Country
16.4.2. by Capacity
16.4.3. by Technology
16.4.4. by Application
16.4.5. by Installation
16.4.6. by End Use
16.4.7. by Compressor Type
16.5. Key Market Participants – Intensity Mapping
17. South Asia Analysis 2013–2021 and Forecast 2022–2028
17.1. Introduction
17.2. Historical Aftermarket Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 – 2021
17.3. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2022 – 2028
17.3.1. by Country
17.3.1.1. India
17.3.1.2. ASEAN
17.3.1.3. Rest of South Asia
17.3.2. by Capacity
17.3.3. by Technology
17.3.4. by Application
17.3.5. by Installation
17.3.6. by End Use
17.3.7. by Compressor Type
17.4. Market Attractiveness Analysis
17.4.1. by Country
17.4.2. by Capacity
17.4.3. by Technology
17.4.4. by Application
17.4.5. by Installation
17.4.6. by End Use
17.4.7. by Compressor Type
17.5. Key Market Participants – Intensity Mapping
18. Oceania Analysis 2013–2021 and Forecast 2022–2028
18.1. Introduction
18.2. Historical Aftermarket Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 – 2021
18.3. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2022 – 2028
18.3.1. by Country
18.3.1.1. Australia
18.3.1.2. New Zealand
18.3.2. by Capacity
18.3.3. by Technology
18.3.4. by Application
18.3.5. by Installation
18.3.6. by End Use
18.3.7. by Compressor Type
18.4. Market Attractiveness Analysis
18.4.1. by Country
18.4.2. by Capacity
18.4.3. by Technology
18.4.4. by Application
18.4.5. by Installation
18.4.6. by End Use
18.4.7. by Compressor Type
18.5. Key Market Participants – Intensity Mapping
19. Middle East & Africa Analysis 2013–2021 and Forecast 2022–2028
19.1. Introduction
19.2. Historical Aftermarket Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 – 2021
19.3. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2022 – 2028
19.3.1. by Country
19.3.1.1. GCC Countries
19.3.1.2. Turkey
19.3.1.3. Northern Africa
19.3.1.4. South Africa
19.3.1.5. Rest of MEA
19.3.2. by Capacity
19.3.3. by Technology
19.3.4. by Application
19.3.5. by Installation
19.3.6. by End Use
19.3.7. by Compressor Type
19.4. Market Attractiveness Analysis
19.4.1. by Country
19.4.2. by Capacity
19.4.3. by Technology
19.4.4. by Application
19.4.5. by Installation
19.4.6. by End Use
19.4.7. by Compressor Type
19.5. Key Market Participants – Intensity Mapping
20. Market Structure Analysis
20.1. Market Structure Analysis by Tier
20.2. Market Share Analysis of Top Players
20.3. Market Presence Analysis
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Deep Dive
21.2.1. Emerson Electric Co.
21.2.1.1. Overview
21.2.1.2. Product Portfolio
21.2.1.3. Strategy Overview
21.2.1.3.1. Marketing Strategy
21.2.1.3.2. Product Strategy
21.2.1.3.3. Channel Strategy
21.2.2. The Danfoss Group
21.2.3. Mitsubishi Electric Corporation
21.2.4. GEA Group AG
21.2.5. BITZER SE
21.2.6. Johnson Controls–Hitachi Air Conditioning
21.2.7. Daikin Applied Systems Co. Ltd.
21.2.8. Hasegawa Refrigeration Ltd.
21.2.9. Arneg Group
21.2.10. Cryogiam Srl
21.2.11. True Manufacturing Co. Inc
21.2.12. Aireadle Air Conditioning
21.2.13. Embraco
21.2.14. Tecumseh Products Company LLC
21.2.15. Heatcraft Worldwide Refrigeration
21.2.16. Kolpak-Welbilt
22. Assumptions and Acronyms Used
23. Research Methodology
Industrial Automation
July 2023
REP-GB-1633
289 pages
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Industrial Condensing Units Market
