Vidarbha News

Condensing Unit Market and its key opportunities and challenges

 Breaking News
  • No posts were found

Condensing Unit Market and its key opportunities and challenges

November 03
10:12 2019
Condensing Unit Market and its key opportunities and challenges

Browse 105 market data Tables and 33 Figures spread through 143 Pages and in-depth TOC on “Condensing Unit Market”
Condensing Unit Market by Type (Air-Cooled, Water-Cooled, Evaporative Condensing Unit), Application (Commercial, Industrial, Transportation), Function (Air Conditioning, Refrigeration), and Region

The global Condensing Unit Market is projected to grow from an estimated USD 20.24 Billion in 2016 to USD 32.47 Billion by 2022, at a CAGR of 8.2% during the forecast period as per a report by MarketsandMarkets. 

Download the PDF Brochure @

How technological advancements, leading to introduction of efficient condensing units is an opportunity?

Technological advancements provide an opportunity for the growth of the condensing unit market. Europe and North America are characterized by extensive experience and knowledge in the condensing unit market. There is an increase in the demand for condensing units, due to the technological advancements. This includes the introduction of latest models, such as Copeland Scroll XJ Series for outdoor applications.

Request For Sample Report @

Why stringent environmental regulations on refrigerants/gases used in condensing units is a major challenge?

Increasing concerns about the high GWP of common CFC refrigerants have adversely affected the growth of the condensing unit market in Europe and North America. Although refrigerants/refrigeration gases, such as CFC, fluorocarbons, carbon dioxide (CO2), ammonia, hydrocarbons, and hydrofluoroolefins (HFOs) are consumed in a little amount in a single condensing unit, the number seems disastrous collectively for millions of units. Various regulations have created complexities and uncertainties for manufacturers who need guidance regarding the regulations and barriers relevant to low-GWP refrigerants. Some of the major regulations are:

1.  In Europe, standards, such as EN 378 and ISO 5149 must be met in the context of non-toxic, non-flammable refrigerants.

2.  In the US, it is mandatory to achieve the EPA SNAP approval before using ammonia in refrigerants.

3.  The use of ammonia is restricted/banned under regulations for toxic refrigerants in some countries. Ammonia is considered a toxic substance in the European Union (EU) and hence, additional safety is specified for using ammonia.

4.  In the US, hydrocarbon refrigerants are exposed to restrictive regulatory environment, due to their high flammability.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States