Transportation Condensing Units Market Assessed to Grow Robustly, Bringing In Revenues to High Value Growth at 5.6 % CAGR by End 2028 - PowerPoint PPT Presentation

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Transportation Condensing Units Market Assessed to Grow Robustly, Bringing In Revenues to High Value Growth at 5.6 % CAGR by End 2028


Healthy growth of industries such as pharmaceuticals, nutraceuticals, and agrochemicals, among others, in China and other Asian countries, is the key driving factor for the growth of the Transportation Condensing Units Market. – PowerPoint PPT presentation

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Title: Transportation Condensing Units Market Assessed to Grow Robustly, Bringing In Revenues to High Value Growth at 5.6 % CAGR by End 2028

Global Transportation Condensing Units Market to
Showcase Healthy Expansion at 5.6 CAGR by 2028
  • March 2020

Report Id REP-GB-9412 Published On 9, April
-2019 Category Automotive Transportation
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Global Transportation Condensing Units Market
  • More than 200 thousand units of transportation
    condensing units were sold in the year 2018,
    according to the findings of a new research
    report of Future Market Insights (FMI). The
    report further projects that the unit sales of
    transportation condensing units will witness a
    promising just-under 5 yearly growth in 2019.
  • The demand for transportation condensing units is
    highly likely to be influenced by rapid
    industrial developments in the cold chain space,
    evolving federal policies, and sprawling
    urbanization that continues to drive demand for
    transportation of a range of commodities via cold
    storage chain.
  • While over 45 of the total sales is accounted by
    medium-to-high capacity i.e. 10-15 KW
    transportation condensing units, it is highly
    likely that the high-capacity i.e. above 15 KW
    transportation condensing units that currently
    hold just-under a fourth of the total market
    volume, will gather momentum in coming years. The
    report has attributed this growth to increasing
    demand for large-scale application areas.
  • According to the report, single-temperature,
    single-compartment refrigerated trailers/trucks
    or multi-temperature, and multi-compartment
    refrigerated trailers/trucks are the most
    prominent users of transportation condensing

Global Transportation Condensing Units Market
  • Developed Regions Account for over 70 Share in
    Total Sales of Transportation Condensing Units
  • Europe and North America are mature
    transportation condensing units market, and are
    likely to observe modest growth rates over the
    coming years. Moreover, trailers are the main
    vehicle type using transportation condensing
    units in these regions. Currently, North
    America and Europe hold a combined volume share
    of over 70 in the global transportation
    condensing units market.
  • The modernization of existing stores, pack
    houses, and ripening facilities in Latin
    America and ASEAN countries are anticipated to
    create lucrative opportunities in the global
    transportation condensing units market. As
    indicated by the report, the market growth will
    be considerable in the East Asia-South
    Asia-Oceania cluster, over the course of coming
  • Manufacturing enterprises of transportation
    condensing units in China have begun to flourish
    in recent years. China has been a prominent
    contributor to the market in terms of
    agricultural and animal products, with an annual
    value of over US 300 billion. The inadequacy of
    chilling facilities will further broaden the
    scope of new opportunities for infrastructural
    development, thereby reinforcing the demand for
    transportation condensing units.
  • Competition Landscape of transportation
    Condensing Units is Consolidated and Turning
    Highly Dynamic
  • Transportation condensing units or transportation
    refrigeration units are offered with a robust
    portfolio of products and services, designed to
    help manage and monitor the cold chain of the
    most temperature-sensitive, perishable products,
    including food, pharmaceuticals, biologics and
    bioengineered drugs, and vaccines, in addition to
    some industrial chemical classes. Increasing
    installation of transportation condensing units
    for short- and long-haul applications on private
    and commercial carriers will continue to
    supplement the revenue of transportation
    condensing units market.

Global Transportation Condensing Units Market
  • The competition landscape of the global
    transportation condensing units is highly
    consolidated, with the top two accounting for
    nearly 90 of the total revenue generated.
    Strategic efforts of a majority of leading
    players are most likely to remain concentrated in
    engineering improved designs of transportation
    condensing units, planning stronger product
    launches, and maintaining a high sustainability
    quotient. Constant efforts are expected to emerge
    in the introduction of innovative materials and
    technologies to extend product life cycles.
  • Key market players are also focused on enhancing
    their production capabilities, for better
    geographic reach. Importantly, strong
    distribution network, powerful customer
    management, and unique product and service
    portfolios are likely to remain the key
    developmental strategies of leading players
    competing in the global transportation condensing
    units market landscape. Moreover, companies will
    focus on the expansion in international markets
    by the assessment of demand patterns in various
    regional markets.
  • Prominent players in transportation condensing
    units market will also strategize on
    strengthening relationships with distribution
    partners and local market operators, as well as
    others across the supply and distribution
    network. Looking at the swift expansion of retail
    space, several companies are also investing in
    establishing tie-ups with a variety of retail
    channels. Some of the leading companies are also
    augmenting investments in the development of
    next-generation hybrid-electric transportation
    condensing units, according to FMI's analysis.
  • Some of the key companies that have been covered
    in the global transportation condensing units
    market report, include Carrier Transicold, Thermo
    King, Guangzhou Snowfall Refrigeration Equipment
    Co., Kingtec, Zanotti, and Electric Reefer

Global Transportation Condensing Units Market
  • Source of Press-Release _at_ https//www.prnewswire.c
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