Asia-Pacific Condensing Unit Market to 2032

Overview

The Asia-Pacific Condensing Unit Market is expected to reach a 24.74 USD Billion by 2032 and is projected to grow at a CAGR of 14.02% from 2025 to 2032.

Revenue, 2024 (USD Billion)

11.78

Forecast, 2032 (USD Billion)

24.74

CAGR, 2024 - 2032

14.02%

Report Coverage

Asia-Pacific

Asia-Pacific Condensing Unit Market 2018-2032 USD Billion

Asia-Pacific Condensing Unit Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 11.78 USD Billion
Projected Market Size (2032): 24.74 USD Billion
CAGR (2025-2032): 14.02%

Key Findings of Asia-Pacific Condensing Unit Market

The Asia-Pacific Condensing Unit Market was valued at 11.78 USD Billion in 2024.
The Asia-Pacific Condensing Unit Market is likely to grow at a CAGR of 14.02% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Industrial in End User Segment accounted for the largest share of the market with a revenue of 6.63 USD Billion
The fastest growing segment High Temperature in Application Segment grew Fastest with a CAGR of 16.80% during the forecast period from 2024 to 2032.

Asia-Pacific Condensing Unit Market Scope

Asia-Pacific Condensing Unit Market Segmentation & Scope

End User

Residential
Commercial
Industrial

Compressor Technology

Open
Others
Rotary
Rotary Vane
Centrifugal
Screw
Scroll
Hermetic
Semi-Hermetic
Reciprocating

Application

Low Temperature
Medium Temperature
High Temperature

Type

Evaporative Condensing Unit
Water Cooled Condensing Unit
Air-Cooled Condensing Unit

Function

Heat Pumps
Others
Refrigeration
Air Conditioning

Refrigerant Type

Others
Hydrocarbons
Inorganics
Fluorocarbons

Asia-Pacific Condensing Unit Market Data Coverage Insights

Study Period	2024-2032
Base Year	2021
Unit	Revenue in USD Billion
Market Value in 2024	11.78 USD Billion
Market Value in 2032	24.74 USD Billion
CAGR (2025-2032)	14.02%
Historic Data	2016-2023
Market Segments Covered	End User,Compressor Technology,Application,Type,Function,Refrigerant Type

Regional Insights:

Leading Market (2024-2032): Asia-Pacific, leading in terms of revenue 11.78 USD Billion in 2024
- Key Country: China, leading in terms of revenue with value of 2,191.01 USD Million in 2024.

Segments and Scope

Asia-Pacific Condensing Unit Market to 2032, By End User
- Industrial is the largest segment in Asia-Pacific Condensing Unit Market to 2032 with a revenue of 6.63 USD Billion in the year 2024.
- Industrial is the Fastest growing segment in Asia-Pacific Condensing Unit Market to 2032 with a Growth rate of 15.07 % in forecast period 2025-2032.
Asia-Pacific Condensing Unit Market to 2032, By Compressor Technology
- Reciprocating is the largest segment in Asia-Pacific Condensing Unit Market to 2032 with a revenue of 2.26 USD Billion in the year 2024.
- Scroll is the Fastest growing segment in Asia-Pacific Condensing Unit Market to 2032 with a Growth rate of 12.16 % in forecast period 2025-2032.
Asia-Pacific Condensing Unit Market to 2032, By Application
- High Temperature is the largest segment in Asia-Pacific Condensing Unit Market to 2032 with a revenue of 4.72 USD Billion in the year 2024.
- High Temperature is the Fastest growing segment in Asia-Pacific Condensing Unit Market to 2032 with a Growth rate of 16.80 % in forecast period 2025-2032.
Asia-Pacific Condensing Unit Market to 2032, By Type
- Air-Cooled Condensing Unit is the largest segment in Asia-Pacific Condensing Unit Market to 2032 with a revenue of 5.21 USD Billion in the year 2024.
- Air-Cooled Condensing Unit is the Fastest growing segment in Asia-Pacific Condensing Unit Market to 2032 with a Growth rate of 14.99 % in forecast period 2025-2032.
Asia-Pacific Condensing Unit Market to 2032, By Function
- Air Conditioning is the largest segment in Asia-Pacific Condensing Unit Market to 2032 with a revenue of 5.21 USD Billion in the year 2024.
- Air Conditioning is the Fastest growing segment in Asia-Pacific Condensing Unit Market to 2032 with a Growth rate of 15.71 % in forecast period 2025-2032.
Asia-Pacific Condensing Unit Market to 2032, By Refrigerant Type
- Fluorocarbons is the largest segment in Asia-Pacific Condensing Unit Market to 2032 with a revenue of 6.00 USD Billion in the year 2024.
- Fluorocarbons is the Fastest growing segment in Asia-Pacific Condensing Unit Market to 2032 with a Growth rate of 14.74 % in forecast period 2025-2032.

Asia-Pacific Condensing Unit Market Company Share Analysis

Company Name
Blue Star Limited
carrier
GEA Group Aktiengesellschaft
Danfoss
Emerson Electric Co.

Asia-Pacific Condensing Unit Market Geographical Sales Distribution, 2018-2032 USD Billion

Asia-Pacific Condensing Unit Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the Asia-Pacific Condensing Unit Market?

The Asia-Pacific Condensing Unit Market is segmented based on Segmentation End User,Compressor Technology,Application,Type,Function,Refrigerant Type.

What is the current market size of the Asia-Pacific Condensing Unit Market?

Asia-Pacific Condensing Unit Market was valued at USD 11.78(Revenue in USD Billion) in 2021.

What is the expected growth rate of the Asia-Pacific Condensing Unit Market?

Asia-Pacific Condensing Unit Market is projected to grow at a CAGR of 14.02% during the forecast period of 2024 to 2032.

Which is the dominating segment in the Asia-Pacific Condensing Unit Market?

The Industrial segment is expected to dominate the Asia-Pacific Condensing Unit Market, holding a largest market share of 6.63 USD Billion in 2024