Condensing Unit Market Outlook:
Condensing Unit Market size was over USD 46.6 billion in 2025 and is poised to exceed USD 95.15 billion by 2035, growing at over 7.4% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of condensing unit is estimated at USD 49.7 billion.
The reason behind the growth is the rising retail sector globally where the appeal for refrigeration is increasing. In line with the UK Parliament Research released on 24 May 2024, the UK's retail industry generated USD 143 billion in economic activity in 2023, up 2.4% from 2022 and accounting for 4.9% of the country's overall economic output.
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of condensing unit is estimated at USD 49.7 billion.
The global condensing unit market size was more than USD 46.6 billion in 2025 and is anticipated to grow at a CAGR of around 7.4%, reaching USD 95.15 billion revenue by 2035.
Asia Pacific condensing unit market is anticipated to capture 37% share by 2035, driven by the rising demand for frozen meat and industrial refrigeration.
Key players in the market include Emerson Electric Co., Carrier, Danfoss, GEA Group Aktiengesellschaft, Heatcraft Worldwide Refrigeration, Voltas, BITZER Kühlmaschinenbau GmbH, Baltimore Aircoil.
