India Condensing Unit Market to 2032
Overview
The India Condensing Unit Market is expected to reach a 2.85 USD Billion by 2032 and is projected to grow at a CAGR of 13.85% from 2025 to 2032.
Revenue, 2024 (USD Billion)
1.37
Forecast, 2032 (USD Billion)
2.85
CAGR, 2024 - 2032
13.85%
Report Coverage
India
India Condensing Unit Market 2018-2032 USD Billion
India Condensing Unit Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1.37 USD Billion
- Projected Market Size (2032): 2.85 USD Billion
- CAGR (2025-2032): 13.85%
Key Findings of India Condensing Unit Market
- The India Condensing Unit Market was valued at 1.37 USD Billion in 2024.
- The India Condensing Unit Market is likely to grow at a CAGR of 13.85% 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 0.77 USD Billion
- The fastest growing segment High Temperature in Application Segment grew Fastest with a CAGR of 16.97% during the forecast period from 2024 to 2032.
India Condensing Unit Market Scope
India Condensing Unit Market Segmentation & Scope
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
Compressor Technology
- Open
- Others
- Rotary
- Rotary Vane
- Centrifugal
- Screw
- Scroll
- Hermetic
- Semi-Hermetic
- Reciprocating
End User
- Residential
- Commercial
- Industrial
Application
- Low Temperature
- Medium Temperature
- High Temperature
India Condensing Unit Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 1.37 USD Billion |
| Market Value in 2032 | 2.85 USD Billion |
| CAGR (2025-2032) | 13.85% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Type,Function,Refrigerant Type,Compressor Technology,End User,Application |
Regional Insights:
-
Leading Market (2024-2032): India, leading in terms of revenue 1.37 USD Billion in 2024
- Key Country: India, leading in terms of revenue with value of 1,368.62 USD Million in 2024.
Segments and Scope
-
India Condensing Unit Market to 2032, By Type
- Air-Cooled Condensing Unit is the largest segment in India Condensing Unit Market to 2032 with a revenue of 567.16 USD Billion in the year 2024.
- Air-Cooled Condensing Unit is the Fastest growing segment in India Condensing Unit Market to 2032 with a Growth rate of 14.94 % in forecast period 2025-2032.
-
India Condensing Unit Market to 2032, By Function
- Air Conditioning is the largest segment in India Condensing Unit Market to 2032 with a revenue of 606.94 USD Billion in the year 2024.
- Air Conditioning is the Fastest growing segment in India Condensing Unit Market to 2032 with a Growth rate of 15.50 % in forecast period 2025-2032.
-
India Condensing Unit Market to 2032, By Refrigerant Type
- Fluorocarbons is the largest segment in India Condensing Unit Market to 2032 with a revenue of 677.20 USD Billion in the year 2024.
- Fluorocarbons is the Fastest growing segment in India Condensing Unit Market to 2032 with a Growth rate of 14.60 % in forecast period 2025-2032.
-
India Condensing Unit Market to 2032, By Compressor Technology
- Semi-Hermetic is the largest segment in India Condensing Unit Market to 2032 with a revenue of 264.04 USD Billion in the year 2024.
- Scroll is the Fastest growing segment in India Condensing Unit Market to 2032 with a Growth rate of 16.30 % in forecast period 2025-2032.
-
India Condensing Unit Market to 2032, By End User
- Industrial is the largest segment in India Condensing Unit Market to 2032 with a revenue of 772.38 USD Billion in the year 2024.
- Industrial is the Fastest growing segment in India Condensing Unit Market to 2032 with a Growth rate of 14.89 % in forecast period 2025-2032.
-
India Condensing Unit Market to 2032, By Application
- High Temperature is the largest segment in India Condensing Unit Market to 2032 with a revenue of 521.21 USD Billion in the year 2024.
- High Temperature is the Fastest growing segment in India Condensing Unit Market to 2032 with a Growth rate of 16.97 % in forecast period 2025-2032.
India Condensing Unit Market Company Share Analysis
| Company Name |
|
||
| Blue Star Limited | |||
| carrier | |||
| GEA Group Aktiengesellschaft | |||
| Danfoss | |||
| Emerson Electric Co. | |||
India Condensing Unit Market Geographical Sales Distribution, 2018-2032 USD Billion
India Condensing Unit Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The India Condensing Unit Market is segmented based on Segmentation Type,Function,Refrigerant Type,Compressor Technology,End User,Application.
India Condensing Unit Market was valued at USD 1.37(Revenue in USD Billion) in 2021.
India Condensing Unit Market is projected to grow at a CAGR of 13.85% during the forecast period of 2024 to 2032.
The Industrial segment is expected to dominate the India Condensing Unit Market, holding a largest market share of 0.77 USD Billion in 2024
India Condensing Unit Market Scope
India Condensing Unit Market Segmentation & Scope
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
Compressor Technology
- Open
- Others
- Rotary
- Rotary Vane
- Centrifugal
- Screw
- Scroll
- Hermetic
- Semi-Hermetic
- Reciprocating
End User
- Residential
- Commercial
- Industrial
Application
- Low Temperature
- Medium Temperature
- High Temperature
Frequently Asked Questions
The India Condensing Unit Market is segmented based on Segmentation Type,Function,Refrigerant Type,Compressor Technology,End User,Application.
India Condensing Unit Market was valued at USD 1.37(Revenue in USD Billion) in 2021.
India Condensing Unit Market is projected to grow at a CAGR of 13.85% during the forecast period of 2024 to 2032.
The estimated market value of the India Condensing Unit Market for final year is USD 2.85 (USD Billion).
India Condensing Unit Market Company Profiling
Frequently Asked Questions
The India Condensing Unit Market is segmented based on Segmentation Type,Function,Refrigerant Type,Compressor Technology,End User,Application.
India Condensing Unit Market was valued at USD 1.37(Revenue in USD Billion) in 2021.
India Condensing Unit Market is projected to grow at a CAGR of 13.85% during the forecast period of 2024 to 2032.
The estimated market value of the India Condensing Unit Market for final year is USD 2.85 (USD Billion).
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.