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Television Unit Market
According to the latest market research “Refrigerant Unit Market By Type (Cool-Water, Warm-Water), Application (Industrial, Commercial, Transportation), Function (Air Conditioning, Refrigeration, Heat Pump), Refrigerant Type, Compressor Type and Region – Global Forecast to 2027″, The condensing unit market is expected to grow from $39.0 billion in 2022 to $57.1 billion in 2027, at a CAGR of 7.9% from 2022 to 2027. Growing cold chain infrastructure in emerging countries such as India, China, and Indonesia due to the growing online shopping market and increasing demand for packaged foods, the growth of Global data center market, expansion of supermarket and hypermarket chain, increasing footprint of convenience and convenience stores are the key drivers for the growth of the unit market.
Browse 280 market data Tables and 52 Figures spread across 240 pages with in-depth TOC on “Condensing Unit Market – Global Forecast to 2027”
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Growing industrialization and urbanization play a major role in the use of air-conditioning cooling units in the Asia-Pacific region. Other important factors influencing the growth of the condensing unit market are increasing demand for food storage equipment, data centers, super & hyper markets, etc.
Refrigeration units in industrial applications are used in petrochemical plants, as well as steel and concrete plants. Hence, the increasing demand for these end-use industries is expected to drive the demand of condensing units in the industrial application.
Refrigeration units are widely used in chemical plants, power plants, ice-making facilities, cold storage, and hotels and restaurants. Thus, the number of cold storage warehouses and hotels is increasing which is expected to enhance the air segment of the condensing unit market.
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The condensing unit market is expected to grow from $39.0 billion in 2022 to $57.1 billion in 2027, at a CAGR of 7.9% from 2022 to 2027. Condensing units are used in applications there is the need to control the temperature, such as heat pumps, refrigerators, air conditioners, and refrigerators, among others.
Emerson Electric Co. (US), Carrier (US), Danfoss (Denmark), GEA Group Aktiengesellschaft (Germany), Heatcraft Refrigeration Products LLC (US), BITZER SE (Germany), are some of the major players in the condensing unit market. . These companies have adopted product launches, investments, acquisitions, agreements, contracts, partnerships, and expansions as growth strategies to enhance their position in the unit market.
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In January 2022, Emerson Electric Co. launched Emerson is a major part of the condensing unit named Copeland ZPK7 single (main) scroll compressors for residential and light commercial HVAC applications. The new ZPK7 platform is designed for R410A refrigerant and has improved performance to SEER2 B rating as well as HSPF2 operating conditions.
The launch of new products will further strengthen Emerson Electric Co.’s position.
In February 2020, Danfoss introduced a new product, Optyma iCO2, an outdoor CO2 ventilation unit. It has a cooling capacity of 1.5 to 4.7kW (0.43 to 1.3TR) and is a plug-and-play stackable solution for medium-temperature applications such as in display cabinets and for cooling cold rooms. The launch of new products helped the company to claim a new category of convenience stores with limited interior space.
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This release was published on openPR.
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