openPR Logo
Press release

Low GWP Refrigerants Market 2019: With Top Key Player and Countries Data: Trends and Forecast 2023, Industry Analysis by Regions, Type and Applications

07-29-2019 01:39 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Research Future - MRFR

/ PR Agency: Market Research Future - MRFR
Low GWP Refrigerants Market

Low GWP Refrigerants Market

Market Research Future has published a half-cooked research report on the Global Low GWP Refrigerants Market.

Market Overview
The global low GWP refrigerants was valued at USD 17.2 Billion in 2018 growing with the CAGR of 11.12% during the forecast period. The market is driven by limited environmental impact of low GWP refrigerants coupled with increasing demand for air conditioners and refrigeration. Global low (GWP) refrigerants are essential fluid for absorbing heat.

An increase in extreme weather condition such as severe droughts and heat waves owing to global warming has propel market demand for low GWR refrigerants. According to the National Oceanic and Atmospheric Administration (NOAA), average earth surface temperatures increased around 1.71 degrees Fahrenheit in between 1880 and 2016. Burning of fossil fuels has resulted in such temperature change, negatively impacting the environment. Thus, environment friendly attributes of low GWP refrigerants is expected to boost the market.

Sample Request for This Report @ https://www.marketresearchfuture.com/sample_request/7471

Changing consumer living habits demanding comfortable lifestyle is increasing the need for refrigerants and air conditioners at home. For instance, Japan Refrigeration and Air Conditioning Industry Association (JRAIA) reported that world room air conditioners demand reached 96.05 million units in 2017 increased to 8.2% from previous year. Increase in number of air conditioners sale to household is a key factor driving the market.

Market Segmentation
The global low GWP refrigerants market has been segregated on the basis of types, application, and region.

By types, the global low GWP refrigerants market is divided into inorganics, fluorocarbons and hydrocarbons. The hydrocarbons segment held significant market share in 2017 and is expected to lead during the forecast period owing to its low environmental impact compared to fluorocarbons.

On the basis of application, the global low GWP refrigerants market has been divided into industrial refrigeration, domestic refrigeration, commercial refrigeration, mobile air-conditioning, stationary air-conditioning, and others.

In 2017, the commercial refrigeration segment held the largest share of this market. Commercial refrigeration is mostly used in large capacity freezer to store food and beverage. Thus, rising in demand for oversized freezers in hotels and restaurants is projected to fuel the commercial refrigeration segment by 2023.

Regional Analysis
Asia-Pacific, Europe, Latin America, North America and the Middle East & Africa are the five regions studied for the global low GWP refrigerant Market. In 2017, Europe is projected to lead the market owing to European government regulation such as F-Gas Regulation 517/2014 which controls the usage of fluorinated greenhouse gases and its impact on environment.

This regulation is expected to boost the low GWP refrigerants market by restraining the growth of conventional refrigerants during the forecast period. Latin America is projected to witness healthy growth in term of CAGR owing to increasing usage of air conditioners in Brazil and Chile supported by high infrastructure and development activities in the region.

North America and Asia-Pacific have been witnessing significant growth in terms of CAGR during the review period owing to rise in temperature and global warming. In addition, the markets in the Middle East & Africa are projected to witness steady growth during the forecast timeframe. Countries such as UAE and Saudi Arabia are one of the growing markets for air conditioners, around 70% of their electricity is used for cooling purpose owing to warm weather in the region. Thus, rise in temperature across the globe is expected to fuel low GWP refrigerants market during the assessment period.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/low-gwp-refrigerants-market-7471

Market Segmentation
The global low GWP refrigerant market has been segmented on the basis of types, application and region.

Based on types, the global low GWP refrigerant market has been segregated into types and application.

Global GWP refrigerant market by type is categorized as inorganics, hydrocarbons and fluorocarbons. Based on application the market comprises of industrial refrigeration, commercial refrigeration, domestic refrigeration, mobile air-conditioning, stationary air-conditioning and others.

The global low GWP refrigerant market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Key Players
Some of the prominent players in the global low GWP refrigerant market are Honeywell International Inc (U.S.), Daikin industries, Ltd. (Japan), The Linde Group (Ireland), Arkema (France), The Chemours Company (U.S.), SOL Spa (Italy), GTS SPA (Italy), Harp International Ltd (UK), Mexichem S.A.B de C.V. (Mexico), HyChill (Australia), Puyang Zhongwei Fine Chemical Co. Ltd (China), Tazzetti S.p.A (Italy), Airgas, Inc (U.S.), The natural refrigerants company Pty ltd (Australia), A-Gas International (UK), Brothers Gas (UAE), E.F. International (U.S.), engas Australasia (Australia) and Sinochem Lantian co., Ltd (China).

Intended Audience
Low GWP refrigerant manufacturers
Traders and distributors of low GWP refrigerant
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratories

Inquiry Before Buying @ https://www.marketresearchfuture.com/enquiry/7471

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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 2019: With Top Key Player and Countries Data: Trends and Forecast 2023, Industry Analysis by Regions, Type and Applications here

News-ID: 1813553 • Views: 386

More Releases from Market Research Future - MRFR

Vehicle Analytics Market Heading with the Rising Demand for Efficient Traffic Ma …
The global vehicle analytics is growing rapidly. The market growth attributes to the increasing uptake of vehicle intelligence. Besides, increasing implementation of advanced technologies like artificial intelligence, machine learning, and predictive maintenance offering real-time data analysis drive the market growth. Moreover, rising uses of data collected by sensors and GPS tracking devices to improve traffic management escalate market demand. According to Market Research Future (MRFR), the global vehicle analytics market
Silicone Structural Glazing Market 2020 Top Key Players : Sika AG, Asahi Glass C …
Market Overview Market Research Future (MRFR) presumes that the silicone structural glazing market 2020 is gaining significant ground quite steadily and can achieve a growth rate of 8.5% from 2017 to 2023 (review period). Growth Boosters and Key Challenges Continuously increasing spending on infrastructural projects in developing countries like India and China are providing a host of attractive opportunities to manufacturers. The constant advancements in commercial, residential and public buildings along
Electric Sports Utility Vehicle (e-SUV) Market 2020: Business Trends, COVID – …
Market Research Future (MRFR) emphasizes that the Global Electric Sports Utility Vehicle (e-SUV) Market 2020 is slated to grow exponentially over the review period, securing a substantial market valuation and a healthy CAGR over the review period. Drivers and Restraints Automobiles operating on non-renewable fuel supplies emit large quantities of carbon, which is a primary polluting agent. Governments are also encouraging environmentally friendly vehicles which are supposed to curb carbon emissions.
Foldable Display Market Expected to Reach at $1,549.4 Million by 2024 | Know COV …
As per the research by Market Research Future Reports (MRFR), the global foldable display market is estimated to thrive at a CAGR of 62%, valuing USD 1,549.4 million during the review period. The increasing demand for smartphones is the most significant factor driving the global foldable display market 2020. The flexible display is an upcoming technology and is estimated to transform the electronics industry in the forthcoming period. The incorporation

All 5 Releases


More Releases for GWP

Global Low GWP Refrigerants Market Trends, Growth Rate, Demand, Opportunities & …
Low GWP Refrigerants A comprehensive report on "Low GWP Refrigerants Market: Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2020-2026" was published by Zion Market Research to understand the complete setup of Low GWP Refrigerants Market industries. Effective qualitative and quantitative analysis techniques have been used to examine the data accurately. Variable factors that comprise basis for a successful business, such as vendors, sellers, as well as investors are analysed
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 2016 to Observe Strong Development by 2028
A recent report published by QMI on low GWP refrigerants market is a detailed assessment of the most important market dynamics. After carrying out a thorough research on the market of low GWP refrigerants historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for low GWP refrigerants during the forecast period. It can
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
At 11.9 % CAGR,Growing Demand for Low GWP Refrigerants Market to Significantly I …
This new report on the Low GWP Refrigerants market is committed to fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts. The research study offers a complete analysis of critical aspects of the Low GWP Refrigerants market, including competition, segmentation, geographical progress, manufacturing cost analysis, and price structure. We have provided
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