Global Transportation Condensing Units Market Size study, by Cooling Capacity (Below 5 KW, 5 – 10 KW, 10 – 15 KW, above 15 KW) by Compressor Type (Reciprocating, Rotary, Scroll) by Vehicle Type (Trucks, Trailers) by Sales Channel (OEM, Aftermarket) and Regional Forecasts 2022-2028
Global Transportation Condensing Units Market is valued approximately USD $billion in 2021 and is anticipated to grow with a healthy growth rate of more than % over the forecast period 2022-2028.
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Condensing units are used in refrigerators, air conditioners, heat pumps for condensing purpose. It consists of three major components which includes, fan, compressor, and condensing coil. These units can be classified into the water-cooled condensing unit, air-cooled condensing unit and the evaporative condensing unit. Growing cold supply chain & logistics industry and increasing demand for frozen food and beverages products are key drivers for the growth of Transportation Condensing Units market. For instance, according to global database Management Company Statista- as of 2020, the global cold chain logistics market is estimated at USD 248.4 billion and is expected to exceed USD 410 billion by the year 2028. Furthermore, in May 2021 Daikin industries has launched Zanotti range of Van and Truck Refrigeration Solutions in Belgium, France, Germany and The Netherlands markets. Also, with the increasing cross border trade of perishable goods and rapid urbanization in emerging economies, the adoption & demand for Transportation Condensing Units is likely to increase the market growth during the forecast period. However, rising concern over refrigerant used in condensing unit and high operating & Maintenance Cost of Transportation condensing unit impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Transportation Condensing Units Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to increasing cross border trade of perishable food products in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing logistics and Transportation sector in the region would create lucrative growth prospects for the Transportation Condensing Units Market across Asia-Pacific region.
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Major market player included in this report are: Ingersoll-Rand plc. (Thermo King) Carrier Corporation (UTC Climate) Emerson Electric Co. Patton International Limited Danfoss Rivacold UK Ltd. Jinan Retek Industries Inc. GEA Group Aktiengesellschaft ADVANSOR A/S Heatcraft Worldwide Refrigeration The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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By Cooling Capacity: Below 5 KW 5 – 10 KW 10 – 15 KW Above 15 KW By Compressor Type: Reciprocating Rotary Scroll By Vehicle Type: Trucks Trailers By Sales Channel: Original Equipment Manufacturer (OEM) Aftermarket By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE
Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World
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