India Condensing Unit Market is estimated to grow at a high CAGR by 2023, due to the increasing need of energy saving refrigerant condensing unit in industrial sector coupled with the growing demand of natural coolants & refrigerants like carbon dioxide, ammonia, water etc, which are eco-friendly. Moreover, rising usage of air-conditioners due to the the increase in disposable incomes of consumers and the climatic conditions of the country, will drive the growth of the market in the forecast period. Based on the application, the industrial segment is estimated to hold the largest market share in the forecast period due to the increasing need of advanced refrigeration in retail stores, hospitals, dairy etc. Based on the type of condensing unit, the air-cooled condensing unit segment is expected to lead the market in the forecast period due to its commercial applications, and lower setting up costs.
Years considered for this report:
Historical Years: 2013-2016
Base Year: 2017
Estimated Year: 2018
Forecast Period: 2018–2023
Objective of the Study:
- To analyse and forecast the market size of India Condensing Unit Market, in terms of value and volume.
- To classify and forecast India Condensing Unit based on type, application, function and regional distribution.
- To identify drivers and challenges for India Condensing Unit Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Condensing Unit Market.
- To conduct the pricing analysis for India Condensing Unit Market.
- To identify and analyse the profile of leading manufacturers in the India Condensing Unit Market.
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Some of the leading players in the India Condensing Unit Market are Carrier Corporation, Voltas, Emerson Electric Company, GEA Group, Bitzer, Heatcraft Worldwide Refrigeration, Baltimore Aircoil Company, Danfoss, SCM Frigo, Advansor etc
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Condensing Unit manufacturers in India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the Condensing Unit manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the retailers, distribution channels and presence of all major Condensing Unit manufacturers in India.
TechSci Research calculated the market size of India Condensing Unit Market using a bottom-up approach, where data for various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Condensing Unit Manufacturers
- Dealers and Suppliers
- Regulatory organizations.
- Raw material suppliers and distributors.
- Research organizations and consulting companies.
- Trade Associations
- Market research and consulting firms.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India Condensing Unit Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, By Type:
- Air-Cooled Condensing Unit
- Water-Cooled Condensing Unit
- Evaporative Condensing Unit
- Market, By Application:
- Market, By Function:
- Air Conditioning
- Heat Pumps
- Market, by Region:
- North Region
- South Region
- East Region
- West Region
Company Profiles: Detailed analysis of the major companies present in Condensing Unit Market segment.
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
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