The global condensing unit market is projected to register significant growth during the forecast period, owing to their extensive use in cold rooms, milk cooling tanks, fermentation rooms, supermarkets, hospitals, and others.
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Based on type, the condensing unit market is segmented into air-cooled, water-cooled, and evaporative condensing unit.
On the basis of application, the condensing unit market is categorized into commercial, industrial, and transportation. The industrial segment is leading the market and also expected to witness the fastest growth in the coming years.
Growth of end-user industries in developing countries and improved shelf life of these units is the major factors driving the market growth. The condensing unit market growth is mainly driven by the increasing demand from commercial and industrial sectors which include food manufacturing industries, food retails, commercial refrigeration, and others.
Emerson Electric Company, Danfoss, GEA Group, Carrier Corporation, Heatcraft Worldwide Refrigeration, Baltimore Aircoil Company, Officine Mario Dorin, Bitzer, Blue Star, Voltas, Advansor, and Daikin Applied are among the major players operating in the condensing unit market.
Based on type, the condensing unit market is segmented into air-cooled, water-cooled, and evaporative condensing unit.
On the basis of application, the condensing unit market is categorized into commercial, industrial, and transportation. The industrial segment is leading the market and also expected to witness the fastest growth in the coming years.
Growth of end-user industries in developing countries and improved shelf life of these units is the major factors driving the market growth. The condensing unit market growth is mainly driven by the increasing demand from commercial and industrial sectors which include food manufacturing industries, food retails, commercial refrigeration, and others.
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Emerson Electric Company, Danfoss, GEA Group, Carrier Corporation, Heatcraft Worldwide Refrigeration, Baltimore Aircoil Company, Officine Mario Dorin, Bitzer, Blue Star, Voltas, Advansor, and Daikin Applied are among the major players operating in the condensing unit market.
Source: VynZ Research
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