- This growth may be due to the improved quality of the evaporating units and the growing demand from various industries
- Water-cooled units are used for refrigeration and ventilation purposes in commercial industries
- Evaporative condensing units are used for refrigeration purposes in various industries,
- Key players working in the evaporative condensing unit market are focused on the introduction of new products
- In 2015, DECSA s.r.l. introduced CFR evaporative condensers, which are units of low-temperature air conditioning in tropical areas
The evaporating unit market is expected to reach USD 1.61 billion by 2026, at a CAGR of 7.2% from 2016 to 2026. This growth may be due to the improved quality of the evaporating units and the growing demand from various industries, such as food. processing and storage facilities, power stations, chemical industry, ice production facilities, among others. Baltimore Aircoil Company, Inc., Evapco Inc., Johnson Controls Inc., SPX Corporation, and Mammoth Inc., among others are some of the leading players in the rising unit market.
Water-cooled units are used for refrigeration and ventilation purposes in commercial industries, such as hotels and restaurants, food processing units, and cold storage areas. These are used in refrigeration and ventilation in large commercial industries, especially where more than 100 TR (tons of refrigerator) is required. All luxury food and service …
… the industry selects evaporation units for the benefits it offers, such as flexibility, extended durability, shelf life, and improved refrigeration performance and air conditioning systems. Therefore, the growing demand for advanced refrigeration systems is expected to further the market growth of the ever-expanding unit of the commercial industry.
Evaporative condensing units are used for refrigeration purposes in various industries, such as energy, chemicals, and commercial industries, among others. The demand for evaporation units is growing from various end users, such as cold stores, warehouses, restaurants, and food processing units, due to the growth of the food and beverage industry in developing countries. The growing market for food processing and food storage in developing countries is expected to drive part of the evaporative condensing unit market application.
Key players working in the evaporative condensing unit market are focused on the introduction of new products, extensions, and agreements to meet the growing demand for soluble units from various industries. Baltimore Aircoil Company, Inc. and Johnson Controls Inc. reported the largest number of developments in the evaporating dense unit market between 2011 and 2016.
In 2015, Baltimore Aircoil Company, Inc., a leading player in the evaporation unit market, introduced new software for evaporative condensers. Baltimore Aircoil Company, Inc. is an international company that provides heat-restricted products, thermal storage, and other refrigeration technologies. Evaporative coating units developed by the company have low compression temperatures, high energy efficiency, and reduced environmental impact.
In 2016, Johnson Controls Inc. and Tyco, a global provider of firefighting and safety, teamed up to make Johnson Controls plc. provide consumers with a variety of energy-saving products and technologies and integrated solutions. In 2015, Johnson Controls Inc. and Shanghai Jianke Building Energy Service Co., Ltd. enter into an agreement to improve energy efficiency and achieve sustainable development. The agreement enables companies to build energy-efficient buildings by reducing energy consumption by 10% per year. In 2015, DECSA s.r.l. introduced CFR evaporative condensers, which are units of low-temperature air conditioning in tropical areas. Built of Z725 steel sheets, these condensers offer high corrosion resistance and low power consumption. The company offers a variety of unit technologies for a variety of applications, such as refrigerators, air conditioning, and heat pump.
In 2015, DBT Technologies (Pty) Ltd. (South African company owned by SPX Corporation) and Alstom S&E Africa (Pty) Ltd. (a company owned by General Electric) entered into a joint venture agreement for the existing Kusile power station project. in South Africa. The agreement is expected to strengthen SPX Corporation’s position in the South African market to reduce market volatility.
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