Evaporative Condensing Unit Market by End-Use Industry (Commercial, Power, and Chemical), Application (Refrigeration, and Air Conditioning), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Global Forecast to 2026

“The evaporative condensing unit market is projected to grow at a CAGR of 7.2% from 2016 to 2026”

The evaporative condensing unit market is projected to reach USD 1.61 billion by 2026, at a CAGR of 7.2% between 2016 and 2026. Various end-use industries, such as warehouses, food processing, and food service, among others in emerging countries including China, India, Thailand, and Malaysia are expected to register high growth in the future. This will is expected to fuel the growth of the evaporative condensing unit market. Growth of the abovementioned end-use industries can be attributed to the increase in per capita disposable income of consumers and change in consumer lifestyle. Increasing concerns about the high global warming potential (GWP) of common chlorofluorocarbon (CFC) refrigerants have adversely affected the growth of the evaporative condensing unit market in Europe and North America.
“Based on end-use industry, the commercial segment is expected to lead the evaporative condensing unit market”
Based on end-use industry, the commercial segment is projected to grow at the highest CAGR from 2016 to 2026. The demand for evaporative condensing units is growing from various end-users, such as cold stores, warehouses, restaurants, and food processing units, owing to the growth of food & beverage industry in developing nations. The growing food processing & storage facility market in emerging nations is expected to drive the commercial segment of the evaporative condensing unit market.
“Based on application, refrigeration segment to grow at the highest CAGR between 2016 and 2026”
Evaporative condensing units are used for refrigeration purpose in various industries, such as power plant, chemical plant, food processing units, and ice manufacturing units, among others. The refrigeration application segment in Asia-Pacific is estimated to witness high growth due to the development of several new power plants and chemical plants in India and China.
“North America dominated the evaporative condensing unit market in 2015”
North America was the largest market for evaporative condensing units in 2015, due to a large number of chemical and power plants, and commercial industries in the region. The key growth driver of the market is the rising demand for evaporative condensing units for industrial refrigeration. Growth of construction and general manufacturing industries is also projected to drive the demand for evaporative condensing units in the region.

The Middle East & Africa is projected to grow at the highest CAGR between 2016 and 2026. Saudi Arabia is expected to lead the Middle East & Africa evaporative condensing unit market. High economic growth of Saudi Arabia is significantly contributing to the growth of the evaporative condensing unit market in the region. Egypt is one of the key markets for evaporative condensing units in the Middle East & Africa due to the growth of commercial refrigeration industries, such as cold storage, food processing, and power industries in the country.

Profile break-up of primary participants for the report:
‧ By Company Type - Tier 1 – 35 %, Tier 2 – 30%, Tier 3 – 35%
‧ By Designation – C level – 25%, Director level – 30%, Others – 45%
‧ By Region – North America - 45%, Europe – 25%, Asia-Pacific – 5%, –Rest of the World 25%

Furthermore, as part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, and opportunities. It also discusses competitive strategies adopted by different market players, such as Baltimore Aircoil Company, Inc., Evapco Inc., Johnson Controls Inc., SPX Corporation, Mammoth Inc., and others.
Research Coverage
This research report covers the evaporative condensing unit market based on end-use industry, which includes commercial, power, and chemical. Based on application, the evaporative condensing unit market has been divided into refrigeration and air conditioning. The evaporative condensing unit market has been studied for various regions that include North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss basic views on competitive landscape, emerging and high-growth segments of the evaporative condensing unit market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
‧ Market Penetration: Comprehensive information on the evaporative condensing unit market offered by top players

‧ Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the evaporative condensing unit market

‧ Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for evaporative condensing units across varied regions

‧ Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the evaporative condensing unit market

‧ Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the evaporative condensing unit market

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 STUDY SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 17
1.5 MARKET SIZE 17
1.6 LIMITATIONS 17
1.7 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primary interviews 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 30
4.1 SIGNIFICANT OPPORTUNITIES FOR THE EVAPORATIVE CONDENSING
UNIT MARKET (2016-2021) 30
4.2 EVAPORATIVE CONDENSING UNIT MARKET, BY REGION (2016-2021) 30
4.3 NORTH AMERICA EVAPORATIVE CONDENSING UNIT MARKET SHARE (2015) 31
4.4 EVAPORATIVE CONDENSING UNIT MARKET ATTRACTIVENESS 32
4.5 EVAPORATIVE CONDENSING UNIT MARKET, BY END-USE INDUSTRY, 2015 32
4.6 EVAPORATIVE CONDENSING UNIT MARKET SIZE: DEVELOPED VS. EMERGING NATIONS 33
4.7 LIFE CYCLE ANALYSIS, BY REGION 33
4.8 LIFE CYCLE ANALYSIS, BY END-USE INDUSTRY 34
5 MARKET OVERVIEW 35
5.1 INTRODUCTION 36
5.2 MARKET SEGMENTATION 36
5.2.1 BY END-USE INDUSTRY 36
5.2.2 BY APPLICATION 36
5.2.3 BY REGION 37
5.3 MARKET DYNAMICS 37
5.3.1 DRIVERS 38
5.3.1.1 Growth of end-use industries in emerging countries 38
5.3.1.2 Improved efficiency over air-cooled condensing units 38
5.3.1.3 Improved durability and shelf life 38
5.3.2 RESTRAINTS 39
5.3.2.1 Stringent environmental regulations imposed on refrigerants/gases used in evaporative condensing units 39
5.3.3 OPPORTUNITIES 39
5.3.3.1 Technological advancements in the field of evaporative condensing units 39
5.3.4 CHALLENGES 39
5.3.4.1 Unviable for small application systems 39
5.4 REVENUE POCKET MATRIX 40
5.4.1 REVENUE POCKET MATRIX FOR END-USE INDUSTRIES 40
5.4.2 REVENUE POCKET MATRIX FOR APPLICATIONS 41
5.5 EVAPORATIVE CONDENSING UNIT COST STRUCTURE 42
6 INDUSTRY TRENDS 43
6.1 VALUE CHAIN ANALYSIS 43
6.1.1 SCREW COMPRESSOR-BASED CONDENSING UNIT 43
6.1.2 SCROLL COMPRESSOR-BASED CONDENSING UNIT 43
6.1.3 CENTRIFUGAL COMPRESSOR-BASED CONDENSING UNIT 44
6.2 ECONOMIC INDICATORS 44
6.2.1 INDUSTRY OUTLOOK 44
6.2.1.1 Cold storage 44
6.2.1.2 Construction 45
6.2.1.3 Manufacturing 46
7 EVAPORATIVE CONDENSING UNIT MARKET, BY DESIGN 47
7.1 INTRODUCTION 47
7.2 COMBINED FLOW 47
7.3 COUNTER FLOW 47
7.4 INDUCED DRAFT 47
7.5 FORCED DRAFT 47

8 EVAPORATIVE CONDENSING UNIT MARKET, BY END-USE INDUSTRY 48
8.1 INTRODUCTION 49
8.2 COMMERCIAL 50
8.3 POWER 51
8.4 CHEMICAL 52
9 EVAPORATIVE CONDENSING UNIT MARKET, BY APPLICATION 53
9.1 INTRODUCTION 54
9.2 REFRIGERATION 55
9.3 AIR CONDITIONING 57
10 EVAPORATIVE CONDENSING UNIT MARKET, BY REGION 59
10.1 INTRODUCTION 60
10.2 ASIA-PACIFIC 62
10.2.1 CHINA 65
10.2.2 INDIA 66
10.2.3 JAPAN 67
10.2.4 SOUTH KOREA 68
10.2.5 INDONESIA 70
10.2.6 MALAYSIA 71
10.2.7 AUSTRALIA AND NEW ZEALAND 72
10.3 NORTH AMERICA 74
10.3.1 U.S. 77
10.3.2 CANADA 78
10.3.3 MEXICO 79
10.4 EUROPE 81
10.4.1 GERMANY 84
10.4.2 FRANCE 85
10.4.3 U.K. 86
10.4.4 ITALY 88
10.4.5 SPAIN 89
10.4.6 REST OF EUROPE 90
10.5 MIDDLE EAST & AFRICA 92
10.5.1 SAUDI ARABIA 94
10.5.2 TURKEY 96
10.5.3 EGYPT 97
10.5.4 REST OF MIDDLE EAST & AFRICA 98
10.6 SOUTH AMERICA 100
10.6.1 BRAZIL 102
10.6.2 ARGENTINA 104
10.6.3 CHILE 105
10.6.4 REST OF SOUTH AMERICA 106
11 COMPETITIVE LANDSCAPE 108
11.1 OVERVIEW 108
11.2 NEW PRODUCT LAUNCHES: THE MOST POPULAR GROWTH STRATEGY 109
11.3 COMPETITIVE SITUATION AND TRENDS 111
11.3.1 NEW PRODUCT LAUNCHES 111
11.3.2 AGREEMENTS 112
11.3.3 EXPANSIONS 112
11.3.4 MERGERS & ACQUISITIONS 113
11.3.5 JOINT VENTURES 113
12 COMPANY PROFILES 114
12.1 INTRODUCTION 114
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
12.2 AAON, INC. 115
12.3 BALTIMORE AIRCOIL COMPANY, INC. 118
12.4 DAIKIN INDUSTRIES, LTD. 121
12.5 DECSA S.R.L. 124
12.6 EVAPCO INC. 126
12.7 JOHNSON CONTROLS INC. 128
12.8 MAMMOTH INC. (NORTEK AIR SOLUTIONS, LLC) 131
12.9 SPX CORPORATION 132
12.10 TECNICAS EVAPORATIVAS, S.L. 135
12.11 TEMP TECH CO., LTD. 136
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
13 APPENDIX 137
13.1 DISCUSSION GUIDE 137
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 142
13.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 144
13.4 AVAILABLE CUSTOMIZATIONS 145
13.5 RELATED REPORTS 146
13.6 AUTHOR DETAILS 147