Evaporative Condensing Unit Market Worth $1.61 Billion by 2026
Advanced technologies have contributed to the growth of the market
PUNE, India — The global evaporative condensing unit market is projected to reach $1.61 billion by 2026, increasing at a compound annual growth rate (CAGR) of 7.2 percent from 2016 to 2026, according to a report published by MarketsandMarkets.
The introduction of evaporative condensing units with advanced technologies has contributed to the growth of this market. Advanced units are in demand due to the benefits that they offer, such as adaptability, extended durability and life, and improved performance of refrigeration and air conditioning systems. Thus, the growing demand for advanced refrigeration systems is expected to fuel the growth of the evaporative condensing unit market.