San Francisco, California, June, 01, 2017: TMR Research presents a new market study on the global evaporative condensing unit market for the forecast period between 2017 and 2025. The title of this report is “Evaporative Condensing Unit Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” The report provides a detailed assessment of the global evaporative condensing market, which includes market indices, growth trends, and product development. The report also analyzes various market segments and includes growth projections at both regional and global level.
The report is compiled after data collection from primary and secondary sources and scrutiny of this data using standard research methodologies. The comprehensive assessment of the evaporative condensing unit market presented in this report is useful for business analysts and policy makers to formulate informed decisions.
In refrigeration and air-conditioning systems, evaporative condensing units are used to lower temperatures in order to reduce the load on a compressor, which in turn allows to reduce the total power consumed by the HVAC unit.
The global market for evaporative condensing unit is primarily driven by the introduction of advanced evaporative condensing units. Evaporative condensing units that are technologically advanced are preferred due to their durability and extended shelf life and due to their ability to facilitate improved performance of refrigeration and air-conditioning systems. Evaporative condensing units are also used in large commercial units that require above 100 tons of refrigeration.
The report divides the global evaporative condensing unit market into the regional segments of North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. Amongst these, the regional segment of Middle East and Africa is expected to lead the global market during the forecast period. In particular, the development of the chemical industry is significantly influencing the growth of the evaporative condensing unit market in this region. Saudi Arabia is expected to be one of the key domestic markets in the region due to high economic growth in the country.
However, the North America and Europe markets for evaporative condensing units are developing at a moderate pace. This is due to the rising concerns about global warming potency of chlorofluorocarbons refrigerants that are emitted from evaporative condensing units. The European Environment Agency strictly monitors ammonia emissions from evaporative condensing units installed in industrial, commercial, agriculture, and domestic sectors and have laid out standards for refrigerants to be certified as non-flammable and non-toxic.
Some of the key companies in the global evaporative condensing unit market include Baltimore Aircoil Company Inc., SPX Corporation, Evapco Inc., and Mammoth Inc. among others.