Challenges and Opportunities in the Condensing Unit Industry

The condensing unit market was estimated at USD 38.22 billion in 2022 and is likely to grow at a CAGR of 7.9% during 2022-2028 to reach USD 60.33 billion in 2028.

Condensing units are devices used to regulate temperature in air conditioners, refrigerators, heat pumps, and chillers. Condensing units work with the help of refrigerant to control the temperature.