Carrier, Emerson Electrical Co., and Danfoss were Dominating the Global Condensing Unit Market in 2022

Global Condensing Unit Market is expected to grow with the CAGR of 8.7% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Global condensing unit is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global condensing unit are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In May 2021, Danfoss has launched multi-refrigerant, A2L-ready condensing units for ultra-low GWP installations. This product launch has helped the company to widen its product portfolio

Carrier is the dominating player in the global condensing unit market. The other key players existing in the market includes Emerson Electric Co., Carrier, Danfoss, Heatcraft Worldwide Refrigeration, BITZER Kühlmaschinenbau GmbH, Dorin S.p.A., FRASCOLD SPA, FreezeIndia, Howe Corporation, Hussmann Corporation, DAIKIN INDUSTRIES, Ltd., Blue Star Limited., MTA S.p.A., National Comfort Products., SCM Frigo S.p.A., GEA Group Aktiengesellschaft, Tecumseh Products Company, Prijai Heat Exchangers Pvt. Ltd., KeepRite Refrigeration, Voltas, Inc., among others.

Condensing Unit MarketCarrier

Carrier is headquartered in Florida, U.S. and founded in 1902. The company focuses on the manufacturing and distribution of heating, air-conditioning and refrigeration products. The product categories of the company include Air Handlers, Chillers/Heat Pumps, Condensing Units, Controls, Fan Coils out of which Condensing Units is the market focused category.

For Instance,

  • In December 2021, Carrier received recognition from AHR Expo Innovation Awards. This award has helped the company to attract more

The company has presence in North America, South America, Europe, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Carrier Airconditioning & Refrigeration Limited (U.K.), International Comfort Products (U.S.), Kidde (U.S.), UTC Climate(U.S.), Controls & Security Sensitech Inc. (U.S.), among others.

Emerson Electric Co.

Emerson Electric Co. is headquartered in Missouri, U.S. and was founded in the year 1890. The company focuses on the manufacturing products and providing engineering services for industrial, commercial, and consumer markets. The product categories of the company include controls & monitoring systems, heating & air conditioning, refrigeration, sensing & protection devices, thermostats out of which refrigeration is the market focused category.

For Instance,

  • In April 2021, Emerson Electric Co. has received the 2021 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy for the second consecutive year. This has helped the company to attract a more customer base

The company has presence across North America, South America, Europe, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as InSinkErator (U.S.), RIDGID (U.S.), Rosemount Inc. (U.S.), Therm-O-Disc (U.S.), Open Systems International (Canadá), among others.

Danfoss

Danfoss is headquartered in Nordborg, Denmark and was founded in 1933. The company focuses on production and distribution of innovative and energy-efficient solutions. The product categories of the company include compressors, valves, electronic controls, switches, filter driers and strainers, heat exchangers, sensors and transmitters, condensing units, sight glasses, appliance controls out of which condensing units is the market focused category.

For Instance,

  • In August 2021, Danfoss completed US$3.3 billion acquisition of Eaton’s hydraulics business. This acquisition has helped the company in regional expansion

 The company has presence across North America, South America, Europe, Asia Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Danfoss Power Solutions (U.S.), Danfoss Kereskedelmi Kft (U.S.), Sauer Danfoss (US) Co. (U.S.), Gemina Termix A/S(U.S.), Oy Danfoss Ab (U.S.), among others.