North America Condensing Unit Market to 2032

Overview

The North America Condensing Unit Market is expected to reach a 15.81 USD Billion by 2032 and is projected to grow at a CAGR of 12.09% from 2025 to 2032.

Revenue, 2024 (USD Billion)

8.28

Forecast, 2032 (USD Billion)

15.81

CAGR, 2024 - 2032

12.09%

Report Coverage

North America

North America Condensing Unit Market 2018-2032 USD Billion

North America Condensing Unit Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 8.28 USD Billion
Projected Market Size (2032): 15.81 USD Billion
CAGR (2025-2032): 12.09%

Key Findings of North America Condensing Unit Market

The North America Condensing Unit Market was valued at 8.28 USD Billion in 2024.
The North America Condensing Unit Market is likely to grow at a CAGR of 12.09% 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 4.60 USD Billion
The fastest growing segment Scroll in Compressor Technology Segment grew Fastest with a CAGR of 14.66% during the forecast period from 2024 to 2032.

North America Condensing Unit Market Scope

North America Condensing Unit Market Segmentation & Scope

End User

Residential
Commercial
Industrial

Application

Low Temperature
Medium Temperature
High Temperature

Compressor Technology

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

Function

Heat Pumps
Others
Refrigeration
Air Conditioning

Refrigerant Type

Others
Hydrocarbons
Inorganics
Fluorocarbons

Type

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

North America Condensing Unit Market Data Coverage Insights

Study Period	2024-2032
Base Year	2021
Unit	Revenue in USD Billion
Market Value in 2024	8.28 USD Billion
Market Value in 2032	15.81 USD Billion
CAGR (2025-2032)	12.09%
Historic Data	2016-2023
Market Segments Covered	End User,Application,Compressor Technology,Function,Refrigerant Type,Type

Regional Insights:

Leading Market (2024-2032): North America, leading in terms of revenue 8.28 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

North America Condensing Unit Market to 2032, By End User
- Industrial is the largest segment in North America Condensing Unit Market to 2032 with a revenue of 4.60 USD Billion in the year 2024.
- Industrial is the Fastest growing segment in North America Condensing Unit Market to 2032 with a Growth rate of 13.14 % in forecast period 2025-2032.
North America Condensing Unit Market to 2032, By Application
- High Temperature is the largest segment in North America Condensing Unit Market to 2032 with a revenue of 4.42 USD Billion in the year 2024.
- High Temperature is the Fastest growing segment in North America Condensing Unit Market to 2032 with a Growth rate of 13.79 % in forecast period 2025-2032.
North America Condensing Unit Market to 2032, By Compressor Technology
- Semi-Hermetic is the largest segment in North America Condensing Unit Market to 2032 with a revenue of 1.48 USD Billion in the year 2024.
- Scroll is the Fastest growing segment in North America Condensing Unit Market to 2032 with a Growth rate of 14.50 % in forecast period 2025-2032.
North America Condensing Unit Market to 2032, By Function
- Air Conditioning is the largest segment in North America Condensing Unit Market to 2032 with a revenue of 3.50 USD Billion in the year 2024.
- Air Conditioning is the Fastest growing segment in North America Condensing Unit Market to 2032 with a Growth rate of 13.57 % in forecast period 2025-2032.
North America Condensing Unit Market to 2032, By Refrigerant Type
- Fluorocarbons is the largest segment in North America Condensing Unit Market to 2032 with a revenue of 4.07 USD Billion in the year 2024.
- Fluorocarbons is the Fastest growing segment in North America Condensing Unit Market to 2032 with a Growth rate of 12.84 % in forecast period 2025-2032.
North America Condensing Unit Market to 2032, By Type
- Air-Cooled Condensing Unit is the largest segment in North America Condensing Unit Market to 2032 with a revenue of 3.75 USD Billion in the year 2024.
- Air-Cooled Condensing Unit is the Fastest growing segment in North America Condensing Unit Market to 2032 with a Growth rate of 12.98 % in forecast period 2025-2032.

North America Condensing Unit Market Company Share Analysis

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

North America Condensing Unit Market Geographical Sales Distribution, 2018-2032 USD Billion

North America Condensing Unit Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the North America Condensing Unit Market?

The North America Condensing Unit Market is segmented based on Segmentation End User,Application,Compressor Technology,Function,Refrigerant Type,Type.

What is the current market size of the North America Condensing Unit Market?

North America Condensing Unit Market was valued at USD 8.28(Revenue in USD Billion) in 2021.

What is the expected growth rate of the North America Condensing Unit Market?

North America Condensing Unit Market is projected to grow at a CAGR of 12.09% during the forecast period of 2024 to 2032.

Which is the dominating segment in the North America Condensing Unit Market?

The Industrial segment is expected to dominate the North America Condensing Unit Market, holding a largest market share of 4.60 USD Billion in 2024