The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Evaporative Condensing Unit Market consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
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The report delivers a detailed view of the industry based on Evaporative Condensing Unit Market size, market growth, and opportunities. The report also analyses market key aspects such as-
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Covid-19 Impact analysis.
- Market environment analysis: Growth drivers and constraints, and SWOT analysis.
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
Highlights from the Report
Evaporative Condensing Unit market is likely to witness an impressive CAGR of 7.2% during the forecast period. The major factors contributing to the demand for evaporative condensing units are mainly the increasing industrial establishments, growth in various end-use industries such as food service, warehouses, and food processing in the emerging countries, and growing demand for advanced refrigeration systems.
In terms of regions, North America is estimated to be the largest market for evaporative condensing units during the forecast period, owing to the increasing demand for evaporative condensing units from different manufacturing industries. On the other hand, triggered by the growing industrialization, the demand for multipurpose high-performance evaporative condensing units is increasing in The Middle East & Africa, which are expected to capture a substantial share of the market during the forecast period. Further, the dominance of chemical industries is contributing to the increasing demand for evaporative condensing units in the region.
According to the report, the key players of the market are –
- Baltimore Aircoil Company, Inc.
- Evapco Inc.
- Johnson Controls Inc.
- SPX Corporation
- DECSA s.r.l
- Daikin Industries, Ltd.
- Técnicas Evaporativas, S.L.
- Daikin Industries, Ltd.
- Emerson Electric Company
- Heatcraft Worldwide Refrigeration
- Mammoth Inc.
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