Transportation Condensing Units Market Growing Fast

Posted by ankush Nikam on June 5th, 2019

Transportation Condensing Units Market - Key Research Findings

Global transportation condensing units market size in 2018 – Nearly US$ 2.3 Bn

The transportation condensing units market is likely to thrive at an estimated 5.6% CAGR over 2018-2028.

Government Food and Logistics Regulatory Scenario -

Latin America - In October 2014, the Brazilian government published dietary guidelines for the use of fresh food over processed food, recommending improved cold chain development to meet the demand for fresh food.

In Sub-Saharan Africa, nearly 94% of all wasted food is a direct result of inadequate and inefficient supply chains. Food franchisees are focusing on significant long-term expansion goals in the Middle East.

Lack of stringent industry standards in transportation and cold chain logistics, and dearth of health and safety regulations regarding handling of temperature-sensitive products propagate improper trade practices.

Increasing awareness regarding significant food wastage due to inefficient transportation and storage systems in India is creating a promising market. But regulatory burdens, complexities of subsidization, and high taxation dissuade service providers from entering the Indian market.

North America and Europe are expected to remain prominent regional markets for transportation condensing units.

Notably, CARB (California Air Resource Board) regulations prevailing in the US do not allow seven or more years old transportation condensing units to operate in the region – consequently encouraging new sales of transportation condensing units, ranging from 10-15 kW.

East Asia and South Asia hold substantial growth potential in the transportation condensing units market.

• Globally, cold storage capacity reached 616 million cubic meters in 2018, an increase of 2.7% since 2016. The three prominent markets—India, China, and the US — accounted for 60% of the world’s total refrigerated space.

6. Scroll compressors are the most preferred type of compressors in new transportation condensing units.

• Excellent individual full-load and part-load efficiency, significantly low vibration and lesser movable parts, and continuous compression process with almost no pulsation or vibration make this a lucrative segment in the transportation condensing units market.

Top 4 Factors Shaping the Transportation Condensing Units Market

Government Regulations and Price Competitiveness Set to Play a Pivotal Role

Local content depends upon governmental regulations and market specifics, and is very important for the transportation condensing units market with specific requirements. Importantly, commercial vehicle (CV) manufacturers and suppliers need to offer competitive prices in order to augment the aftermarket sales of transportation condensing units.

Noise Control is One of the Critical Factors Seen by Buyers Before Purchasing Transportation Condensing Units

In addition, noise acts as a critical factor while choosing a transportation condensing unit. Sound-reducing baffles, intake silencers, acoustic barriers, and special door seals are offered by manufacturers in transportation condensing units, such as Thermo King and Carrier, to curb extensive noise levels.

Expansion of Cold Chain Facilities Across the World Proliferate the Need for Efficient Transportation Condensing Units

The transportation of perishable food products in a temperature-controlled environment is an important part of the cold chain, and thus, the growth of the global cold chain is foreseen to boost the demand for transportation condensing units, including refrigerated trailers.