Condensing Unit Market Size

Condensing Unit Market size was over USD 41.29 billion in 2024 and is poised to exceed USD 94.77 billion by 2037, witnessing over 6.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of condensing unit is evaluated at USD 43.47 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.