Emerson Electric Co. (US) and Carrier (US), Danfoss (Denmark) are the Major Players in the Condensing Unit Market

The condensing unit market is projected to grow from USD 39.0 billion in 2022 to USD 57.1 billion by 2027, at a CAGR of 7.9% from 2022 to 2027. Condensing units are used in applications where there is a need to control the temperature, such as heat pumps, chillers, air conditioners, and refrigerators, among others.

The markets growth can be attributed to increasing demand for the storage of convenience products, such as packaged foods, dairy products, etc. Also, the growth was further propelled by the rise in demand for condensing units from supermarkets and organized retail food chains.

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Emerson Electric Co. (US), Carrier (US), Danfoss (Denmark), GEA Group Aktiengesellschaft (Germany), Heatcraft Refrigeration Products LLC (US), BITZER SE (Germany), are some of the major players in the condensing unit market. These companies have adopted product launches, investments, acquisitions, agreements, contracts, partnerships, and expansions as growth strategies to enhance their position in the condensing unit market.

In January 2022, Emerson Electric Co. Emerson launched a major part of condensing unit named Copeland ZPK7 single (fixed) speed scroll compressors for residential and light commercial HVAC applications. The new ZPK7 fixed-speed scroll compressor platform is now tuned for R410A refrigerant and offers improved performance at the SEER2 B rating point condition as well as critical HSPF2 part-load operating conditions.

The new product launch further strengthens the position of Emerson Electric Co. in the condensing unit market in the US.

In February 2020, Danfoss introduced a new product, Optyma iCO2, which is an outdoor CO2 condensing unit. It has a cooling capacity of 1.5 to 4.7kW (0.43 to 1.3TR) and is a plug-and-play stackable solution for medium-temperature applications such as in display cabinets, and to refrigerate cold rooms. The new product launch helped the company target a new segment of convenience stores with limited indoor space.

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Growing demand for environment-friendly compressors are driving the Liquid Ring Vacuum Pumps Market

The liquid ring vacuum pumps market size was USD 1.8 billion in 2020 and is projected to reach USD 2.4 billion by 2026, at a CAGR of 5.5% from 2021 to 2026, owing to rising gas transportation sector. The oil & gas segment is the biggest application for liquid ring vacuum pumps. The growing investments in the crude oil industry is expected to drive the use of liquid ring vacuum pumps.

With rising emission levels and increasing usage of fuel in compressed air systems, the demand for eco-friendly compressors has increased. Liquid ring vacuum pumps and compressors can achieve long-term savings and ensure a cleaner environment. Environment-friendly liquid ring vacuum pumps need less fuel and make less noise compared to rotary compressors. These pumps are made up of durable materials to withstand volatile gases and vapors without affecting their performance. As the gases are compressed at the same temperature in the cavity, the pump is capable of pumping explosive gases safely. All these factors have created better growth opportunities for the liquid ring vacuum pumps market during the forecast period.

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By type, two-stage is the fastest-growing segment during the forecast period of 2021 to 2026.

The significant growth in the pharmaceutical industry will lead to an increase in the demand for liquid ring vacuum pumps. By type, the two-stage pumps are more efficient at much higher vacuum levels. Also, they are better suited for handling solvents at much higher levels of vacuum.

By flow rate, 3000-10,000 m3/h segment is projected to grow at the highest CAGR during the forecast period

The liquid ring vacuum pumps with a flow rate of 3,000-10,000 m3/h are considered medium capacity liquid ring vacuum pumps. Medium capacity liquid ring vacuum pumps are used in diverse applications across industries such as oil & gas and petrochemical & chemical. High demand from pulp & paper, oil & gas, power generation, and chemical industries is expected to fuel the growth of this segment.

North America is expected to be the second-largest market in 2020, in terms of value

North America is expected to be the second-largest market for liquid ring vacuum pumps during the forecast period. There is an increasing demand for liquid ring vacuum pumps from water and wastewater treatment plants in the region. Also, industries such as food & beverage, chemical processing, and pharmaceutical are driving the demand for liquid ring vacuum pumps in the region.

The key market players include Busch Vacuum Solutions (Germany), Flowserve Corporation (US), Atlas Copco (Sweden), Ingersoll Rand (US), Tsurumi Manufacturing Co., Ltd (US), DEKKER Vacuum Technologies, Inc. (US), Vooner (US), Graham Corporation (US), Cutes Corp. (China), Zibo Zhaohan Vacuum Pump Co., Ltd (China), OMEL (Brazil), PPI Pumps Pvt. Ltd. (Mexico), Samson Pumps (Denmark), and Speck (Germany). These players have adopted product launches, agreements, acquisitions, mergers & acquisitions, and expansions as their growth strategies.

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Saint-Gobain (France) and Zeus Industrial Products (US) are the Major Players in the Fluoropolymer Tubing Market

The global fluoropolymer tubing market size is projected to grow from USD 513 million in 2021 to USD 662 million by 2026, at a CAGR of 5.2% between 2021 and 2026. The major factors driving the market are aging population, rising demand for semiconductor microchips, new applications of fluoropolymer tubing, such as solar panels & electric vehicles (EVs), high growth in end-use industries, and industrialization in Asia Pacific. Moreover, increasing demand for fluoropolymer tubing in the medical industry, and technical advancements in medical technologies is expected to drive the demand for fluoropolymer tubing.

North America is a mature markets for fluoropolymer tubing. North America accounted for the largest share of the global fluoropolymer tubing market in 2020, and it is projected to continue leading the market during the forecast period because of the focused interest of governments in healthcare expenditure, EV developments, and a large presence of fluoropolymer tubing manufacturers.

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The major players in the market include Saint-Gobain (France), Optinova (Finland), TE Connectivity (Switzerland), Ametek (US), Teleflex Inc. (US), Tef-Cap Industries (US), Zeus Industrial Products (US), Fluorotherm (US), Parker Hannifin (US), Swagelok (US) and Adtech (UK) are some of the leading players in the market. These players have adopted various growth strategies to expand their presence in the market further. New product launch, investment & expansion, and merger & acquisition have been the leading strategies adopted by the major players in the last five years to strengthen their competitiveness and broaden their customer base in the global fluoropolymer tubing market.

Saint-Gobain SA is one of the leading manufacturer of high-performance solutions and plastics. The company has manufacturing facilities North America, Europe, and Asia. In recent years, Saint-Gobain SA has adopted several business strategies to strengthen its position in the market. It has adopted various growth strategies, including investment & expansion, and new product launch, to maintain its position in the fluoropolymer tubing market. For instance, in October 2021, Saint-Gobain SA has launched new products to its protection application selection guide, such as PTFE heat shrink tubing, FEP & PFA roll covers, PTFE/FEP dual heat shrink tubing, and FEP heat shrink tubing for critical applications where protection of components and industrial parts are required.

Zeus Industrial Products is one of the major players operating in fluoropolymer tubing market. The company has manufacturing facilities in South Carolina, New Jersey, and Tennessee in the US. The company offers several products and services to the medical industry that comprise catheter construction solutions, heat shrink tubing, and others. The company has adopted new product launch, acquisitions, and agreements strategies in order to broaden its product portfolio and maintain its position in the market. For instance, in March 2020, Zeus Industrial Products launched StreamLiner OTW within its StreamLiner family of thin, extruded PTFE catheter liners.

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