openPR Logo
Press release

Low GWP Refrigerants Market: Technological Augmentation Drives Growth in the Coming Years | Key Players - S. Trust & Holdings , The Chemours Company , Honeywell International , Danfoss , Emerson Electric , Deepfreeze Refrigerants , Ecofreeze International

05-31-2019 01:25 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Low GWP Refrigerants Market: Technological Augmentation

The heating, ventilating, air-conditioning and refrigeration (HVACR) industry is making the steady shift towards low GWP refrigerants, with decisions influenced by an evolving regulatory climate. Fact.MR’s new study, which estimates the low GWP refrigerants market at US$ 18 billion, remains bullish on impressive growth of the low GWP refrigerants market.

Get free Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=3054

HFCs Phase-out and Strict Environmental Regulations Remain Key Influencing Factors

According to Fact.MR’s study, penetration of hydrofluorocarbons (HFCs) continues to remain high despite growing research on its harmful impact on the environment. Taking into consideration the environmental impact of HFCs, regulations on its use have become stringent over the years. According to Fact.MR’s study, these factors are likely to provide an impetus to the growth of low GWP refrigerants market in the near future.

An increasing number of developed as well as developing countries are implementing a regulatory framework that puts a check on the production and use of HCFs. Initiatives such as the Montreal Protocol, European Union’s F-gas regulations, and the US Significant New Alternatives Policy (SNAP) program have been successful in curtailing the use of HCFs in a range of applications. The ripple effect of these initiatives and regulations has bolstered the case for low GWP refrigerants, according to Fact.MR.

HVACR Industrial Applications Hold the Highest Share

Refrigerants are the workhorse of the HVACR industry and leading industry players are promoting the adoption of environmentally sound practices with the phase-out of some high GWP refrigerants. The exponentially growing HVACR industry is expected to remain the bedrock for the low GWP refrigerants market with a substantially high demand in refrigeration applications.

For more Information on this Report, click @ https://www.factmr.com/report/3054/low-gwp-refrigerants-market

The Fact.MR study finds that the refrigeration applications of low GWP refrigerants accounted for a massive 63% share in the low GWP refrigerants market revenue, equaling over US$ 11.4 billion in 2018. As the adoption of environment-friendly alternatives to high GWP refrigerants is burgeoning in refrigeration applications, the Fact.MR study predicts that demand for low GWP refrigerants will continue to remain high in the foreseeable future.

However, leading manufacturers in the low GWP refrigerants market are increasing their focus on burgeoning demand for low GWP refrigerants in various other applications including chillers. Top-tiered stakeholders in the low GWP refrigerants market, such as The Chemours Company and Daikin Industries Ltd., recently declared their strategies to capitalize on rapidly growing needs for low GWP refrigerants in chillers along with air conditioning applications.

Dramatic Acceleration of the HFC Phase Down in Europe will Create Lucrative Opportunities

The European Union has stringent environmental policies, and it is manifested in the rapidly plummeting availability of high CWG HFCs in the European region. According to the summary of HFC phase down in Europe release by the Environmental Protection Agency, the HFC phase down was modest during 2015-2017, however, very steel down was observed in 2018 as the average volume of HFC available on the European market reduced to 63% of the 2015 amount.

Thereby, with the sharp decrease in HFC supply in 2018, there is potential for a significant refrigerant shortage in European markets. Leading players in the low GWP refrigerants market in Europe are aiming to capitalize on lucrative sales opportunities in the European Union by bolstering the production of low as well as ultra-low GWP refrigerants in the region.

The Fact.MR study also provides futuristic overview of growth of the low GWP refrigerants market for the forecast period 2019-2027, by thoroughly assessing the salient market dynamics. The study projects that the low GWP refrigerants market will grow 2x larger in terms of revenue to exceed US$ 38 billion by the end of the assessment period.

Have Any Query? Discuss with Our Expert Team @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=3054

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us

Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://www.industrynewsanalysis.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Low GWP Refrigerants Market: Technological Augmentation Drives Growth in the Coming Years | Key Players - S. Trust & Holdings , The Chemours Company , Honeywell International , Danfoss , Emerson Electric , Deepfreeze Refrigerants , Ecofreeze International here

News-ID: 1760874 • Views:

More Releases from Fact.MR

System Integration Market Is Projected To Rise At A CAGR Of 18.7% Through 2034: Fact.MR Report
System Integration Market Is Projected To Rise At A CAGR Of 18.7% Through 2034: …
The global system integration market is estimated to have a valuation of US$ 401.8 billion in 2024. Projections put the CAGR of the market for the 2024 to 2034 period at a remarkable 18.7%. The market's growth over the forecast period is set to inflate significantly, reaching a projected value of US$ 2,236.6 billion by 2034. The System Integration Industry sales study offers a comprehensive analysis on diverse features including production
Bromelain Market Is Forecasted To Reach US$ 56.2 Million By The End Of 2034: Fact.MR Report
Bromelain Market Is Forecasted To Reach US$ 56.2 Million By The End Of 2034: Fac …
Bromelain market size is pegged at US$ 27.3 million for 2024. Worldwide demand for bromelain is predicted to increase at a robust CAGR of 7.5% and reach a market value of US$ 56.2 million by the end of 2034. The Bromelain Industry sales study offers a comprehensive analysis on diverse features including production capacities, Bromelain demand, product developments, sales revenue generation and Bromelain market outlook across the globe. market research report by
Writing Instruments Market Is Projected To Reach US$ 20.54 Billion By The End Of 2034: Fact.MR Report
Writing Instruments Market Is Projected To Reach US$ 20.54 Billion By The End Of …
The global writing instrument market size is calculated at US$ 14.28 billion for 2024 and is projected to reach US$ 20.54 billion by 2034-end. Worldwide demand for writing instruments is projected to expand at a CAGR of 3.7% from 2024 to 2034. The Writing Instrument Industry sales study offers a comprehensive analysis on diverse features including production capacities, Writing Instrument demand, product developments, sales revenue generation and Writing Instrument market outlook
Lifesciences Data Mining and Visualization Market Rising at 9.1% CAGR to Reach US$ 19.9 Billion by 2033
Lifesciences Data Mining and Visualization Market Rising at 9.1% CAGR to Reach U …
The worldwide data mining and visualization market in the life sciences sector is projected to exceed $8.3 billion by 2023 and is expected to grow at a compound annual growth rate (CAGR) of 9.1%, reaching $19.9 billion by 2033. In 2022, revenue from data mining and visualization in the life sciences amounted for 7% of the total data analytics market. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗢𝗳 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/connectus/sample?flag=S&rep_id=459 Using data mining and visualization

All 5 Releases


More Releases for GWP

ESD Totes Market 2022 Precise Outlook | Flexcon Container, Molded Fiber Glass Tr …
Global ESD Totes Market Size & Forecast 2022 to 2028 The latest report on the ESD Totes Market offers a comprehensive valuation of the market. It gives detailed analysis via qualitative insights, historic data, and supportable projections about market size. The predictions included in the report have been derived using confirmed research methodologies and assumptions. The report contains a detailed analysis of ESD Totes market growth, segmentation, and regional and country
Global Low GWP Refrigerants Market Share, Growth, Trends by ZMR: 2020-2026
The "Global Low GWP Refrigerants Market Share, Growth, Trends by ZMR: 2020-2026" distributed and advanced by Zion Market Research gives inside and out portion investigation of the Low GWP Refrigerants Market being compelling in a few areas, in this manner giving significant bits of knowledge to the opponents. The Low GWP Refrigerants Market report that features the worldwide Low GWP Refrigerants Market confers the crowds with an extensive audit of
Global Low GWP Blowing Agents Market Analysis by 2020-2025
Global Info Research offers a latest published report on Low GWP Blowing Agents Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Low GWP Blowing Agents Concentrate players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. Click to view the full report
Low GWP Refrigerants Market: Global Forecast and Analysis 2020-2030
The study of Low GWP Refrigerants Market published by Prophecy Market Insights offerings all compilation of the historical, current and future outlook of the market. This report is very helpful for understanding the market complexity. This report will help manufacturers, distributors, and retailers to realize and understand the market drivers, restraints, and opportunities to generate revenue, and trends that are instrumental in shaping the target market and its revenue etc.
Low GWP Refrigerants Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Low GWP Refrigerants Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-low-gwp-refrigerants-market_p130023.html   Scope of the Report: The worldwide market for
Global Photovoltaic installations reached 109 GWp in 2018
The news agency Bloomberg New Energy Finance reports In 2018, more than 109 GWp of photovoltaics were installed globally. Reasons for the enormous increase include a 12% reduction in installation costs. Likewise, easier financing through banks. Solar energy has now surpassed wind at Bankability, partly because sun is easier to forecast and maintenance costs are much lower. Also, the quality and efficiency of the modules has increased enormously, as well as