PUNE, India, November 18, 2016 /PRNewswire/ -- The report "Evaporative Condensing Unit Market by End-Use Industry (Commercial, Power, and Chemical), Application (Refrigeration, and Air Conditioning), and Region ( North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Global Forecast to 2026", published by MarketsandMarkets, the market is projected to reach USD 1.61 Billion by 2026, at a CAGR of 7.2% from 2016 to 2026. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 116 market data Tables and 53 Figures spread through 147 Pages and in-depth TOC on " Evaporative Condensing Unit Market" http://www.marketsandmarkets.com/Market-Reports/evaporative-condensing-unit-market-111214576.htmlEarly buyers will receive 10% customization on this report. Introduction of evaporative condensing units with advanced technologies has contributed to the growth of this market. Advanced evaporative condensing units are in demand primarily due to the benefits that they offer, such as adaptability, extended durability and shelf 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. Based on end-use industry, commercial segment of the evaporative condensing unit market expected to grow at the highest CAGR from 2016 to 2026 Evaporative condensing units are being used for refrigeration and air conditioning purposes in commercial end-use industries, such as hotels & restaurants, food processing units, and cold storages & warehouses. These are being used in refrigeration and air conditioning applications in large commercial industries, especially where more than 100 TR (tons of refrigeration) is required. All luxury facilities in the food & service industry prefer evaporative condensing units due to the benefits that they offer, such as adaptability, extended durability and shelf 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 for commercial industries.