Low GWP Refrigerants Market Will Generate New Growth Opportunities in the next upcoming year

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.

To get in-depth information view the report-https://www.factmr.com/report/3054/low-gwp-refrigerants-market

The key players profiled in the research include:-

S. Trust & Holdings, Inc.
The Chemours Company
I. du Pont de Nemours & Co.
Honeywell International, Inc.
A-Gas Americas, Daikin Industries Ltd.,
Danfoss, Arkema S.A.
Emerson Electric Co.
Deepfreeze Refrigerants Inc.
Ecofreeze International
Engas Australasia
GTS S.p.A.
Asahi Glass Co.
Harp International Ltd.

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Hydrofluorocarbons (HFCs) Phase-out Likely to Propel Adoption of Low GWP Refrigerants

‘The Montreal Protocol on Substances That Deplete the Ozone Layer’ includes concerted efforts to curtail the production as well as consumption of refrigerants, including HFCs, in non-A5 countries by around 85% by the end of 2035. This is forcing end-users to shift to low GWP refrigerants.
Furthermore, the United States’ Environment Protection Agency’s (EPA) Clean Air Act implemented the hydro chlorofluorocarbons (HCFCs), and the European Union has adopted regulations to reduce consumption of HFCs by over 79% by the end of 2030. With an increasing number of countries phasing out the production of HFCs, the adoption of low GWP refrigerants is expected to surge. This is expected to power growth of the low GWP refrigerants market in the upcoming years.

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Research Methodology

An extensive research methodology is used to develop low GWP refrigerants market report. The conclusions about the growth prospects of the low GWP refrigerants market mentioned in the report are the outcome of secondary and primary market research conducted by analysts at Fact.MR. Important data and information is provided by the researchers on the market along with the historical data and forecast.

Secondary market research is conducted by the analysts helps to understand the historical and recent industry-validated information about the low GWP refrigerants market. This is followed by another round of primary market research, in which stakeholders and market players, such as manufacturers, suppliers, vendors, distributors, and investors, in the low GWP refrigerants market are interviewed. Analysts have used primary as well as secondary research methodologies to gather exclusive data and information on the low GWP refrigerants market.

The quantitative information and qualitative conclusions associated with the growth of the low GWP refrigerants market obtained at the end of the secondary research are cross-checked with the quantitative and qualitative information acquired through primary research. The data collected on the market is also verified with valid data sources and with insights provided during interviews with industry experts. This way, analysts at Fact.MR ensure the reliability and accuracy of the conclusion on how the low GWP refrigerants market will grow during 2019-2027.

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Research Insight: https://www.factmr.com/report/3054/low-gwp-refrigerants-market
Content Source: https://www.factmr.com/media-release/895/low-gwp-refrigerants-market

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