Dublin, Sept. 03, 2021 (GLOBE NEWSWIRE) -- The "Condensers Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global condensers market as it emerges from the COVID-19 shut down.
The global condensers market is expected to grow from $138.04 billion in 2020 to $143.67 billion in 2021 at a compound annual growth rate (CAGR) of 4.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $194.41 billion in 2025 at a CAGR of 7.9%.
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Where is the largest and fastest growing market for the condensers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Condenser market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider condensers market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The condensers market section of the report gives context. It compares the condensers market with other segments of the condensers market by size and growth, historic and forecast.
Major players in the condensers market are ABB, Siemens AG, General Electric, Eaton Corporation, Voith Group, Fuji Electric, WEG, BRUSH Group, Mitsubishi Electric, and Electro Mechanical Engineering Associates Inc.
The condensers market consists of sales of condensers and related services by entities (organizations, sole traders, and partnerships) that produce condensers which are used to condense gaseous substances into a liquid state through cooling. Only goods and services traded between entities or sold to end consumers are included.
In July 2020, Hitachi, Ltd. a Japan-based conglomerate company engaged in manufacturing and selling home air conditioning systems, air purifiers, refrigerators, chillers, and air conditioners acquired ABB Power Grids for $7.8 billion. Through this acquisition, a new business called Hitachi ABB Power Grids is created and this business is aimed at tackling the renewable and distributed energy frontiers of the power industry. ABB is a Switzerland-based electrical & electronic manufacturing company.
The condensers market covered in this report is segmented by product type into new; refurbished, by cooling type into air-cooled; evaporative; water-cooled, by application into industrial; commercial; transportation.
The integration of AI in the air conditioner is shaping the condensers market. Major companies operating in the air conditioning sector are implementing AI technology to increase their performance. For instance, in April 2020, TCL Technology, a China-based electronics company introduced AI-powered ultra-inverter AC in India. The AI-powered ultra-inverter AC is equipped with an ultra-tropical compressor and has a gold titanium evaporator and condenser that can improve the performance and life of both the evaporator and the condenser.
The growing demand for renewable energy generation is a major factor contributing to the growth of the condensers market. Synchronous condensers (SCs) generate reactive power and are a helpful way to stabilize the energy provided by renewable resources. The network operators and developers of renewable energy are gradually turning to synchronous condensers to offer incremental short-circuit capacity to reinforce their grid. According to the International Energy Agency (IEA), annual investment in new renewable energy generation efficiency is projected to reach $230 billion by 2020. Global renewable energy production is expected to increase by 45% and to make up almost 26% of global electricity generation by 2020. Therefore, the growing demand for renewable energy generation is expected to drive the growth of the condensers market over the coming years.
Key Topics Covered:
1. Executive Summary
2. Condensers Market Characteristics
3. Condensers Market Trends and Strategies
4. Impact of COVID-19 on Condensers
5. Condensers Market Size and Growth
5.1. Global Condensers Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Condensers Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Condensers Market Segmentation
7. Condensers Market Regional and Country Analysis
7.1. Global Condensers Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Condensers Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Condensers Market
9. China Condensers Market
10. India Condensers Market
11. Japan Condensers Market
12. Australia Condensers Market
13. Indonesia Condensers Market
14. South Korea Condensers Market
15. Western Europe Condensers Market
16. UK Condensers Market
17. Germany Condensers Market
18. France Condensers Market
19. Eastern Europe Condensers Market
20. Russia Condensers Market
21. North America Condensers Market
22. USA Condensers Market
23. South America Condensers Market
24. Brazil Condensers Market
25. Middle East Condensers Market
26. Africa Condensers Market
27. Condensers Market Competitive Landscape and Company Profiles
27.1. Condensers Market Competitive Landscape
27.2. Condensers Market Company Profiles
27.2.1. ABB
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Siemens AG
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. General Electric
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Eaton Corporation
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Voith Group
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
29. Key Mergers and Acquisitions in the Condensers Market
29. Condensers Market Future Outlook and Potential Analysis
30. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/tox3r9
