Global Condensing Unit Market to 2032
Overview
The Global Condensing Unit Market is expected to reach a 56.72 USD Billion by 2032 and is projected to grow at a CAGR of 7.31% from 2025 to 2032.
Revenue, 2024 (USD Billion)
30.49
Forecast, 2032 (USD Billion)
56.72
CAGR, 2024 - 2032
7.31%
Report Coverage
Global
Global Condensing Unit Market 2018-2032 USD Billion
Global Condensing Unit Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 30.49 USD Billion
- Projected Market Size (2032): 56.72 USD Billion
- CAGR (2025-2032): 7.31%
Key Findings of Global Condensing Unit Market
- The Global Condensing Unit Market was valued at 56.72 USD Billion in 2024.
- The Global Condensing Unit Market is likely to grow at a CAGR of 7.31% 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 17.08 USD Billion
- The fastest growing segment Scroll in Compressor Technology Segment grew Fastest with a CAGR of 8.76% during the forecast period from 2024 to 2032.
Global Condensing Unit Market Scope
Global Condensing Unit Market Segmentation & Scope
Compressor Technology
- Open
- Others
- Rotary
- Rotary Vane
- Centrifugal
- Screw
- Scroll
- Hermetic
- Semi-Hermetic
- Reciprocating
Application
- Low Temperature
- Medium Temperature
- High Temperature
End User
- Residential
- Commercial
- Industrial
Refrigerant Type
- Others
- Hydrocarbons
- Inorganics
- Fluorocarbons
Type
- Evaporative Condensing Unit
- Water Cooled Condensing Unit
- Air-Cooled Condensing Unit
Function
- Heat Pumps
- Others
- Refrigeration
- Air Conditioning
Global Condensing Unit Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 30.49 USD Billion |
| Market Value in 2032 | 56.72 USD Billion |
| CAGR (2025-2032) | 7.31% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Compressor Technology,Application,End User,Refrigerant Type,Type,Function |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 30.49 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 6,881.73 USD Million in 2024.
Segments and Scope
-
Global Condensing Unit Market to 2032, By Compressor Technology
- Reciprocating is the largest segment in Global Condensing Unit Market to 2032 with a revenue of 5.59 USD Billion in the year 2024.
- Scroll is the Fastest growing segment in Global Condensing Unit Market to 2032 with a Growth rate of 6.47 % in forecast period 2025-2032.
-
Global Condensing Unit Market to 2032, By Application
- High Temperature is the largest segment in Global Condensing Unit Market to 2032 with a revenue of 13.49 USD Billion in the year 2024.
- High Temperature is the Fastest growing segment in Global Condensing Unit Market to 2032 with a Growth rate of 8.63 % in forecast period 2025-2032.
-
Global Condensing Unit Market to 2032, By End User
- Industrial is the largest segment in Global Condensing Unit Market to 2032 with a revenue of 17.08 USD Billion in the year 2024.
- Industrial is the Fastest growing segment in Global Condensing Unit Market to 2032 with a Growth rate of 7.89 % in forecast period 2025-2032.
-
Global Condensing Unit Market to 2032, By Refrigerant Type
- Fluorocarbons is the largest segment in Global Condensing Unit Market to 2032 with a revenue of 15.39 USD Billion in the year 2024.
- Fluorocarbons is the Fastest growing segment in Global Condensing Unit Market to 2032 with a Growth rate of 7.73 % in forecast period 2025-2032.
-
Global Condensing Unit Market to 2032, By Type
- Air-Cooled Condensing Unit is the largest segment in Global Condensing Unit Market to 2032 with a revenue of 14.11 USD Billion in the year 2024.
- Air-Cooled Condensing Unit is the Fastest growing segment in Global Condensing Unit Market to 2032 with a Growth rate of 7.79 % in forecast period 2025-2032.
-
Global Condensing Unit Market to 2032, By Function
- Air Conditioning is the largest segment in Global Condensing Unit Market to 2032 with a revenue of 13.53 USD Billion in the year 2024.
- Air Conditioning is the Fastest growing segment in Global Condensing Unit Market to 2032 with a Growth rate of 8.21 % in forecast period 2025-2032.
Global Condensing Unit Market Company Share Analysis
| Company Name |
|
||
| Blue Star Limited | |||
| carrier | |||
| GEA Group Aktiengesellschaft | |||
| Danfoss | |||
| Emerson Electric Co. | |||
Global Condensing Unit Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Condensing Unit Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Condensing Unit Market is segmented based on Segmentation Compressor Technology,Application,End User,Refrigerant Type,Type,Function.
Global Condensing Unit Market was valued at USD 30.49(Revenue in USD Billion) in 2021.
Global Condensing Unit Market is projected to grow at a CAGR of 7.31% during the forecast period of 2024 to 2032.
The Industrial segment is expected to dominate the Global Condensing Unit Market, holding a largest market share of 17.08 USD Billion in 2024
Global Condensing Unit Market Scope
Global Condensing Unit Market Segmentation & Scope
Compressor Technology
- Open
- Others
- Rotary
- Rotary Vane
- Centrifugal
- Screw
- Scroll
- Hermetic
- Semi-Hermetic
- Reciprocating
Application
- Low Temperature
- Medium Temperature
- High Temperature
End User
- Residential
- Commercial
- Industrial
Refrigerant Type
- Others
- Hydrocarbons
- Inorganics
- Fluorocarbons
Type
- Evaporative Condensing Unit
- Water Cooled Condensing Unit
- Air-Cooled Condensing Unit
Function
- Heat Pumps
- Others
- Refrigeration
- Air Conditioning
Frequently Asked Questions
The Global Condensing Unit Market is segmented based on Segmentation Compressor Technology,Application,End User,Refrigerant Type,Type,Function.
Global Condensing Unit Market was valued at USD 30.49(Revenue in USD Billion) in 2021.
Global Condensing Unit Market is projected to grow at a CAGR of 7.31% during the forecast period of 2024 to 2032.
The estimated market value of the Global Condensing Unit Market for final year is USD 56.72 (USD Billion).
Global Condensing Unit Market Company Profiling
Frequently Asked Questions
The Global Condensing Unit Market is segmented based on Segmentation Compressor Technology,Application,End User,Refrigerant Type,Type,Function.
Global Condensing Unit Market was valued at USD 30.49(Revenue in USD Billion) in 2021.
Global Condensing Unit Market is projected to grow at a CAGR of 7.31% during the forecast period of 2024 to 2032.
The estimated market value of the Global Condensing Unit Market for final year is USD 56.72 (USD Billion).
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