Asia Pacific Condensing Unit Market Poised for 8% CAGR Growth to Reach $18.4 Billion by 2030 Amid Soaring Demand for Efficient Cooling
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Asia Pacific condensing unit market size expected to reach US$ 18.4 billion by 2030, growing at a CAGR of 8% due to increasing demand for energy-efficient cooling solutions.
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Air-cooled condenser segment expected to dominate due to compact size, easy installation, low maintenance.
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Commercial segment expected to lead in terms of application due to rising demand from food retail, pharmaceuticals, e-commerce sectors.
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High-temperature segment expected to account for major share owing to demand from chemical, metal processing industries.
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Key players adopting strategies like product innovation, partnerships, expansions to tap growth opportunities like rising cold chain logistics demand in Asia Pacific.