RefrigerantDomestic Segment In Refrigerant Market Expected To Show High Growth In Economies Of Asia Pacific And South America Due To Increasing Temperature Levels.
According to MarketIntelReports' “Global Refrigerant Market Analysis, Companies Profiles, Size, Share, Growth, Trends and Forecast to 2024”:
Browse 350 Pages and an in-depth TOC on “Refrigerant Market 2017-2024 ” here
An air conditioner refrigerant is defined as a mixture of different fluids that undergo change from liquid to gas and vice versa. It is useful in air conditioning systems. To reduce energy costs, entrepreneurs and retailers are demanding products which are energy efficient. Governments across the world also encourage citizens to choose efficient appliances. The growing demand for energy efficient technologies boosts the demand for central air conditioning system which enhances the growth of the Refrigerant Market. Residential or commercial owners are preferring more efficient HVAC systems which strengthens the demand for refrigerant gas.
Scope & Regional Forecast of the Refrigerant Market
Increasing use of VRF systems will enhance the growth of the Refrigerant Market. They can offer a better efficiency due to short pipe runs and allow the direct use of refrigerant gas. They need a lower space requirement for installation and the provision of heating and cooling at different locations in the building.
Asia Pacific will dominate the market due to the demand of the air conditioner motor in industries, commercial buildings, and automotives. China and India show improving living standards which is an asset to the industry.
North America is expected to have a steady demand of new refrigerants due to the mature conditions of the market in the region. Europe will have an average growth, since countries like UK, Switzerland, Germany, and France lead the market.
For complete details: Request a sample download @ http://www.marketintelreports.com/pdfdownload.php?id=dbr0321
Strict government norms about the use of halogens like CFC and HCFC may restrict the demand for the central ac coolant in the coming seven years. Modification in the environmental protocols like Montreal Protocol will hinder the growth of the industry. However R&D and product innovation provides opportunities for the cooling refrigerant.
Commercial refrigeration will have a higher growth due to economic developments along with increasing disposable income of consumers. Compared to the conventional refrigerants, CO2 gives a better performance.
Segmentations & Key Players Involved in the Refrigerant Market
The Refrigerant Market can be broken down into various segments as follows:
Region- North America, Europe, Asia-Pacific, Europe,South America,Middle East, Africa.
Application- Refrigerators, large scale refrigerators, chillers, air conditioners, heat pumps and others.
Type- Domestic household, industrial refrigeration, commercial racks & condensing units, and light commercial.
Some of the key players involved in the Refrigerant Market are as follows:
Arkema SA
Dongyue Group Co. Ltd.
Honeywell International Inc.
The Linde Group
Daikin Industries Limited
Purchase Report @ http://www.marketintelreports.com/purchase.php?id=dbr0321
About us:
MarketIntelReports (MIR) aims to empower our clients to successfully manage and outperform in their business decisions. We do this by providing Premium Market Intelligence, Strategic Insights and Databases from a range of Global Publishers.
MarketIntelReports currently has more than 70,000 plus titles and 75+ publishers on our platform and growing consistently to fill the “Global Intelligence Demand – Supply Gap”. We cover more than 15 industry verticals being: Automotive, Electronics, Manufacturing, Pharmaceuticals, Healthcare, Chemicals, Building & Construction, Agriculture, Food & Beverages, Banking & Finance, Media and Government, Public Sector Studies.
Media Contact
Company Name: Market Intelligence Reports PTE. LTD
Contact Person: Srikanth Vishnu
Email: Send Email
Phone: 1-302-261-5343
Address:North Bridge Road, High Street Centre
City: Singapore (179094)
Country: Singapore
Website: http://www.marketintelreports.com/report/dbr0321/global-refrigerant-market-analysis-companies-profiles-size-share-growth-trends-and-forecast-to-2024
Source: www.abnewswire.com
