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:

More Releases from Market Research Future - MRFR

Commercial Seaweeds Market, Key Company, Trends, Size, Emerging Technologies, Growth Factors, And Regional Forecast To 2027
Commercial Seaweeds Market, Key Company, Trends, Size, Emerging Technologies, Gr …
Market Highlights Commercial seaweeds are marine algae with applications in foods, animal feeds, and fertilizers. They are rich in vitamins making them a vital component in processed foods. The global commercial seaweeds market report by Market Research Future (MRFR) has been compiled by observing the changing food habits of consumers as well as abundance of seaweeds for production of processed foods. The report contains estimations and predictions for the period of
Dairy Beverages Market, Production and Consumption Analysis, Brands Statistics and Overview by Top Manufacturers 2027
Dairy Beverages Market, Production and Consumption Analysis, Brands Statistics a …
Market Scope The global dairy beverages market is set to reach a value of USD 91 billion by 2024. With the need for beverages to serve as meal replacement meals for post-gym session, the market is expected to capitalize on this trend. Introduction of new flavors as well as preference of yogurt and whey drinks are likely to drive the market demand exponentially. High demand for ready-to-drink (RTD) beverages and launch
Snack Pellets Market: Industry Development Challenges, Opportunities, Market Entry Strategies, Key Manufacturers Analysis 2027
Snack Pellets Market: Industry Development Challenges, Opportunities, Market Ent …
Market-Overview The escalating intake of convenience food products is foreseen to enhance the snack pellets market. The food, beverages & nutrition reports are made by Market Research Future, which includes market options for expansion. A motivating CAGR is foreseen to drive the evolution of the market in the near future. The accessibility to raw ingredients such as potato, tapioca, and grains more easily is anticipated to create an encouraging market for snack
Herbal Tea Market, Opportunity Assessment, Future Estimations and Key Industry Segments Poised for Strong Growth in Future 2027
Herbal Tea Market, Opportunity Assessment, Future Estimations and Key Industry S …
Market Scope Market Research Future (MRFR) expects the herbal tea market 2020 to blossom at a rate of 4.94% from 2017 to 2025 (evaluation period). MRFR also anticipates that the market for herbal tea can accrue a valuation of USD 4,226.9 Million by 2025. We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak. Top Boosters and Deterrents The

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