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Using the cooling effect of evaporation, an evaporative condensing unit reduces the heat rejection process. Lowering the condensing temperature reduces compressor workload, which aids in the attainment of fuel efficiency. This type of condenser is used to convert a gaseous substance to a liquid state, thereby increasing the cooling effect. Evaporative condensing units come in a variety of sizes depending on their intended use, which can range from residential to commercial. Large evaporative condensing units are commonly used as large air conditioning units for commercial purposes, and the market for evaporative condensing units is expected to grow in demand as performance efficiency improves. The advantages of using evaporative condensers are becoming more apparent as the market grows in demand from the rapidly evolving industrial sectors of all regions of the world, particularly emerging economies. The relatively high use of high-performance evaporative condensers in refrigeration is also something to keep an eye on in the coming years, as the food and beverage industry's growing demand for refrigeration shelves, displays, and containers is likely to keep the global evaporative condensing unit market on its toes
COVID-19 Impact analysis
Top Impacting Factors
One of the major factors accelerating the growth potential of the evaporative condensing unit market is rise in population coupled with increase in disposable income in emerging economies such as China, India, and Malaysia. Food processing, warehousing, and food service are just a few of the industries with strong growth prospects in these areas. As pollution levels rise, the average global temperature rises, necessitating refrigeration in both the residential and commercial sectors. Food processing, warehouses, and industrial chemical plants require advanced levels of refrigeration, which drive the demand for evaporative condensing units in the coming years. Every business unit has made efficient energy consumption a priority with the rise in cost of fuels and energy sources. These types of refrigeration systems are also being used in large supermarkets to reduce energy consumption largely. Reduced condensing temperature is one way to achieve this level of energy efficiency, and the latest design of evaporative condensing units achieves this goal.
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Key Benefits of the Report
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Evaporative Condensing Unit Market Report Highlights
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Key Market Players | Carrier Global Corporation (US), Emerson Electric Co. (US), BITZER SE (Germany), Voltas Limited (India), ADVANSOR A/S (Denmark), Heatcraft Refrigeration Products LLC (US), GEA Group Aktiengesellschaft (Germany), Officine Mario Dorin S.p.A. (Italy), Baltimore Aircoil Company (US), SCM Frigo S.p.A. (Italy), Danfoss (Denmark) |
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