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

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Global Transportation Condensing Units Market to
Showcase Healthy Expansion at 5.6 CAGR by 2028
En

• 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
  units.

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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
  years.
• 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.

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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
  Solutions.

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Global Transportation Condensing Units Market

• Source of Press-Release _at_ https//www.prnewswire.c
  om/news-releases/the-transportation-condensing-uni
  ts-market-is-likely-to-thrive-at-an-estimated-5-6-
  cagr-over-2018-to-2028--future-market-insights-300
  830632.html
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  packaged solution, which combines current market
  intelligence, statistical anecdotes, technology
  inputs, valuable growth insights and an aerial
  view of the competitive framework and future
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