Industrial Condensing Units Market

By Capacity;

Up To 1 Kw, 2 - 10 Kw, 11 - 40 Kw and Above 40 Kw

By Installation;

New Installation and Retrofit

By Technology;

Water Cooled and Air Cooled

By Compressor Type;

Reciprocating, Screw, Centrifugal, Rotary and Scroll

By Application;

Indoor-Based Refrigeration and Outdoor-Based Refrigeration

By End Use;

Domestic Appliances, Indoor Based Air Conditioners, Commercial Refrigeration[Retail Stores, HORECA, Cold Storage & Warehouse, Office & Other Commercial Buildings and IT & Data Centers] and Industrial Refrigeration

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn493179717 Published Date: September, 2025 Updated Date: October, 2025

Industrial Condensing Units Market Overview

Industrial Condensing Units Market (USD Million)

Industrial Condensing Units Market was valued at USD 13,146.80 million in the year 2024. The size of this market is expected to increase to USD 18,811.89 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%


Industrial Condensing Units Market

*Market size in USD million

CAGR 5.3 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.3 %
Market Size (2024)USD 13,146.80 Million
Market Size (2031)USD 18,811.89 Million
Market ConcentrationMedium
Report Pages313
13,146.80
2024
18,811.89
2031

Major Players

  • Mitsubishi Electric Corporation
  • GEA Group AG
  • BITZER SE
  • Johnson ControlsHitachi Air Conditioning
  • Daikin Applied Systems Co. Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Industrial Condensing Units Market

Fragmented - Highly competitive market without dominant players


The Industrial Condensing Units Market is witnessing strong adoption as industries move toward efficient and sustainable refrigeration solutions. More than 45% of facilities now prefer advanced condensing units, driven by rising emphasis on cost savings and eco-friendly operations. These systems are becoming essential in maintaining product integrity and operational efficiency.

Key Drivers Accelerating Growth
With growing pressure to achieve energy efficiency and comply with environmental standards, demand for modern condensing units is expanding rapidly. Around 38% of organizations prioritize reducing energy use, making these systems a strategic investment. They not only cut costs but also support compliance with strict emission regulations.

Advancements Strengthening Market Adoption
Technological innovations such as variable speed compressors, smart control systems, and eco-friendly refrigerants are redefining performance standards. Nearly 52% of installations now feature intelligent monitoring, enabling predictive maintenance and better resource utilization. This evolution strengthens the role of condensing units in future-ready industries.

Growth Prospects and Industry
The Industrial Condensing Units Market continues to expand, supported by demand from food processing, pharmaceuticals, and cold chain logistics. About 58% of buyers plan to upgrade their systems to improve reliability and cut downtime. Strategic mergers, collaborations, and continuous R&D investments will fuel market advancement.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Capacity
    2. Market Snapshot, By Installation
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Compressor Type
    5. Market Snapshot, By Application
    6. Market Snapshot, By End Use
    7. Market Snapshot, By Region
  4. Industrial Condensing Units Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Efficiency Regulations

          Growing Industrialization

          Focus on Environmental Sustainability

      2. Restraints
        1. High Initial Investment

          Maintenance and Operational Costs

          Lack of Skilled Workforce

      3. Opportunities
        1. Retrofit and Replacement Market

          Expansion in Emerging Markets

          Focus on Sustainable Solutions

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitve Rivalry
  5. Market Segmentation
    1. Industrial Condensing Units Market, By Capacity, 2021 - 2031 (USD Million)
      1. Up To 1 Kw
      2. 2 - 10 Kw
      3. 11 - 40 Kw
      4. Above 40 Kw
    2. Industrial Condensing Units Market, By Installation, 2021 - 2031 (USD Million)
      1. New Installation
      2. Retrofit
    3. Industrial Condensing Units Market, By Technology, 2021 - 2031 (USD Million)
      1. Water Cooled
      2. Air Cooled
    4. Industrial Condensing Units Market, By Compressor Type, 2021 - 2031 (USD Million)
      1. Reciprocating
      2. Screw
      3. Centrifugal
      4. Rotary
      5. Scroll
    5. Industrial Condensing Units Market, By Application, 2021 - 2031 (USD Million)
      1. Indoor-Based Refrigeration
      2. Outdoor-Based Refrigeration
    6. Industrial Condensing Units Market, By End Use, 2021 - 2031 (USD Million)
      1. Domestic Appliances
      2. Indoor Based Air Conditioners
      3. Commercial Refrigeration
        1. Retail Stores
        2. HORECA
        3. Cold Storage & Warehouse
        4. Office & Other Commercial Buildings
        5. IT & Data Centers
      4. Industrial Refrigeration
    7. Industrial Condensing Units Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Emerson Electric Co.
      2. The Danfoss Group
      3. GEA Group AG
      4. BITZER SE
      5. Mitsubishi Electric Corporation
      6. Daikin Applied Systems Co.
      7. Tecumseh Products Company LLC
      8. Johnson Controls / Johnson Controls-Hitachi
      9. Embraco
      10. Heatcraft Worldwide Refrigeration
      11. Hasegawa Refrigeration
      12. Arneg Group
      13. Cryogiam Srl
      14. True Manufacturing Co.
      15. Aireadle Air Conditioning
  7. Analyst Views
  8. Future Outlook of the Market