Condensing units are familiar with temperature-control devices in refrigerators, air conditioners, heat pumps, and chillers. The compressor sucks the lower pressure working fluid vapor from the evaporator, raises its pressure, and sends it to the condenser, where it is condensed into a liquid with a higher pressure. The condenser is the parts of the air conditioning system that can transfer the pipe’s heat to the air near the pipe fast. Condensing units, in the form of heat, move energy by compressing a gas known as a refrigerant, they pump it through a system of coils and use the air around the coils to heat and cool spaces.
The Middle East and Africa condensing unit market estimated to grow at a significant CAGR during 2020–2027. The growth of the market can be attributed to the growing use of the refrigerator in various industries such as retail, food processing, and cold storage. Further, the surge in commercial complexes, office space, and banqueting suites in the Middle East & Africa region will spur the condensing unit market in the coming years. Additionally, the growing population, coupled with increasing disposable income in the Middle East & Africa region, will augment the robust growth of the condensing unit market. Also, the rising infrastructure and construction activities in the Middle East & Africa, coupled with the focus on the adoption of energy-efficient condensing systems is anticipated to fuel the demand for condensing units in these regions.
Moreover, the various industries such as food processing, warehouses, and industrial chemical plants, require an advanced refrigeration process, thus growing the demand for condensing units in the coming years. Augmented shelf-life use due to condensing units in refrigerators and air conditioners and the surge in disposable incomes of consumers in MEA is strengthening the market growth. Further, the upsurge in the use of the commercial refrigerators in diversified applications, such as horticulture and seafood processing, will propel the growth of the Middle East & Africa condensing unit market size in the upcoming periods. Additionally, increasing the number of hypermarkets, specialty food stores, and supermarkets in MEA are anticipated to enhance the condensing unit demand.
The rapid encirclement of e-commerce boosts the Middle East & Africa’s retail sector. The significant factors are the era of social media influencers and healthy eating, which is encouraged by the millennial interest in wellness. The Grocery, apparel, electronics, and other retail segments have achieved profits and returns in the MEA region. A decline in oil prices, geopolitical instability, and the rapid evolution of digital technology are estimated to influence the retail market of the Middle East & Africa. Online retail growth is also boosted by e-commerce giants in these regions competing for shoppers’ attention and spending.
The condensing unit has high cooling with low power consumption, high ambient condition up to 55°C and efficient fans with external motors for single-phase and three-phase connections. It has shell & tube type condenser with high cooling capacity for high ambient conditions and high & low-pressure cut-out, including mounting brackets and wired to the terminal strip.
Based on type, the Middle East and Africa condensing unit market classified into the water-cooled condensing unit, air-cooled condensing unit, and the evaporative condensing unit. The evaporative condensing unit segment held maximum market share in the Middle East & Africa condensing unit in 2019. It is attributable to the evaporative condensing unit offer, adaptability, extended durability and shelf life, and improved performance of refrigeration and air-conditioning systems.
The water-cooled condensing unit is witnessing massive growth in the forecast period. Water-cooled have a longer life and higher energy efficiency as compared to air-cooled condensing units.
Based on compressor type, the Middle East and Africa condensing unit market segregated into reciprocating compressors, screw compressors, and rotary compressors. The reciprocating compressors accounted for a higher revenue share in 2019 and projected to dominate the Condensing Unit market by 2027. It is primarily attributed to low cost and compact dimensions, making these the best choices for low-capacity home applications such as fridge-freezers, and air conditioners.
The reciprocating compressors will grow with a lucrative growth rate in the forecast period. It is due to the use of above all for applications with very high cooling capacity requirements.
Based on application, the Middle East and Africa condensing unit market classified into Industrial, Commercial, and Transportation. The industrial segment will hold higher market potential by 2027. It is due to the surge in demand for refrigerators from various industries such as power plants, dairy cabinets, retail stores, hospitals, cryogenic containers, and cooling systems.
The commercial held a significant market share in 2019. Due to the growing preferences for packaged and frozen foods and chilled beverages, retailers in the commercial industry invest in efficient refrigeration parts, such as evaporators, condensers, and compressors.
Based on function, the Middle East and Africa condensing unit market segmented into air conditioning, refrigeration, and heat pumps. The air conditioning segment will capture gain maximum market revenue by 2027. It is due to the upsurge in demand for air conditioning in chemical plants, power plants, ice manufacturing units, cold storage & warehouses, and hotels and restaurants.
The reciprocating compressors will account for the largest share of the condensing unit market by 2027. It is increasing demand for the refrigerator in hospitality, food service, and healthcare industry.
Based on the refrigerant type, the Middle East and Africa condensing unit market categorized into fluorocarbons, hydrocarbons, and inorganics. The fluorocarbons segment will witness significant gains from 2020 to 2027 as it is used in commercial refrigeration such as small cafes, supermarkets, and refrigeration requirements from frozen to chilled produce.
Based on the sales channel, the Middle East and Africa condensing unit market segmented into Supermarket & Hypermarket and Online. The Supermarket & Hypermarket segment is anticipated to expanding at the highest CAGR over the forecast period. Owing to growing disposable income, many consumers in MEA have shifted to organic, all-natural, and premium brands.
The online segment will witness a significant growth rate from 2020 to 2027. It owes to surge in smartphone users in MEA, and the growth of the e-commerce industry in MEA will trigger the condensing unit market.
Based on the region, the Middle East and Africa condensing unit market segmented into UAE, Saudi Arabia, Turkey, South Africa, Israel, and the Rest of the Middle East & Africa. Saudi Arabia is slated to account for a significant share by 2027 in the condensing unit market. The growth in the region can be attributed to refrigerators’ rising applications in various end-use industries such as plastics and chemicals and petrochemicals.
South Africa is projected to provide significant growth opportunities due to the presence of well-established distribution channels for all categories of retail companies and continuous demand for condensing units for the commercial industry in the region.
Companies such as Emerson Electric Co., Carrier Global Corporation, Danfoss, GEA Group Aktiengesellschaft, Heatcraft Refrigeration Products LLC, Voltas Limited, BITZER SE, ADVANSOR A/S, Lennox, Gami, Trosten Industries Company, Fujitsu General, Taqeef, Finpower Aircon LLC, Zamil Air Conditioners, FAWAZ Trading & Engineering Services Co., Daikin, Bluestar, Airdale and Baltimore Aircoil Company are the key players in the Middle East & Africa condensing unit market.
By Type
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Middle East & Africa Condensing Unit Market
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