Evaporative Condensing Unit Market to Surpass USD 1.6 Billion Mark by 2026, Expects M&M in New Report Published at MarketPublishers.com30 Nov 2016 • by Natalie Aster
LONDON – The market for evaporative condensing units is predicted to surpass the USD 1.6 billion mark by 2026, showcasing a CAGR of around 7% over the period 2016-2026.
The growth will be encouraged by an array of important drivers, such as growth of end-use industries across emerging countries (e.g. China and Thailand). Improved durability as well as shelf live will also favor this market’s growth.
Yet there are some factors that have adverse impact on the marketplace like growing concerns relative to high global warming potential of CFC refrigerants in North America and Europe.
In the meantime, technological advances in this field create good opportunities for the evaporative condensing unit marketplace.
The commercial segment is set to rule the market in terms of end-use industries. It is projected to grow at the highest CAGR in the offing.
In terms of applications, the market is reined by the refrigeration segment. Globally, the largest market is located in North America. However, the highest CAGR in the coming years is expected to be registered in the Middle East and Africa. Saudi Arabia is set to lead the marketplace in these regions. Egypt will also be an important player.
Evapco, SPX Corporation and SPX Corporation are some of the largest companies globally.
New research report “Evaporative Condensing Unit Market - Global Forecast to 2026” prepared by M&M offers a comprehensive discussion of the worldwide evaporative condensing unit marketplace. The study starts with a 360-degree view on this market.
It sheds light on forces that drive growth of this market and the ones that restrain it. The report analyzes challenges and opportunities of the marketplace, as well. The research report sheds light on revenue pocket matrix.
The study delves deep into the trends of this industry. It examines the world’s marketplace on the basis of different factors: applications, regions, etc. The report concentrates on the competitive landscape.
It not only limelights the competitive situations along with the most recent developments and trends, but also profiles major companies. Future projections (up to 2026) are on hand in the research study, too.
More new reports by our research partner can be found at M&M page.