Press release
Middle East and Africa Refrigerants Market Opportunities And Forthcoming Developments 2022
Precision Business Insights published a research report on “Middle East and Africa Refrigerants Market: By Product Type (Fluorocarbon, Hydrocarbon, Inorganic, Others), By Application (Industrial Refrigeration, Domestic Refrigeration, Transport Refrigeration, Commercial Refrigeration, Stationary Air Conditioning, Chillers & Heat Pumps, Mobile Air Conditioning) - Global/Region/Country Forecast to 2028”.Refrigeration cycles as well as heat pumps use refrigerants, which are chemical combinations of fluids and gases that act as a cooling agent. They're most typically found in freezers and air conditioners in home, commercial, and automotive applications. They deal with the concept of phase transition, which entails the conversion of liquid to gas and vice versa at variable working temperatures. They can be utilised as primary or secondary solutions to transmit thermal energy from one medium to another in condensation, compression, evaporation, and expansion.
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The global market is being driven by the rapid development of the consumer electronics sector and rising demand for household air conditioning systems. Growing energy consumption, along with increased awareness of the negative environmental consequences of refrigerants, has resulted in the development of energy-efficient cooling systems in both the home and industrial sectors. As a result, the composition of refrigerant gases has changed significantly.
Chlorofluorocarbons (CFCs) were once commonly used as refrigerants, but due to their ozone-depleting effects, they are gradually being replaced by sulphur dioxide ammonia and non-halogenated hydrocarbons, which are regarded to be more environmentally benign. Furthermore, the growing demand for air conditioning systems in automobiles is propelling the market forward. Furthermore, the growing need for deep freezers and refrigerators in the cold chain business has boosted refrigerant demand in the food and beverage industry. Rapid industrialization and infrastructure development, as well as increased living conditions, are further factors impacting market expansion.
The Middle East and Africa (MEA) Refrigeration market on the basis of Type, which is further divided into Beverage Refrigeration, Walk-in Coolers, Display Cases, Transportation Refrigeration Equipment, Parts, Ice Making Machineries. On the basis of Application, the market is segregated into Food Service, Food & Beverage Retail and Food & Beverage Distribution. On the basis of End-User, the market is classified into Hypermarkets, Supermarkets, Convenience Stores, Hotels/Restaurants & Catering, and E-commerce.
One of the primary drivers of the MEA commercial refrigeration equipment market growth is the rise of organised retail, such as restaurants, supermarkets, and hypermarkets, in countries such as Algeria, Morocco, South Africa, and Egypt. This is owing to government assistance for urbanisation and the growth of urban pockets. Furthermore, customers in urban regions in emerging countries have more disposable money than those in rural areas. In recent times, the governments of many of these countries have proposed new smart city development projects.
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Some of the major key players in the Middle East and Africa Refrigerants Market are Honeywell International, Daikin Industries Limited, Dongyue Group, Arkema S.A., Linde Group, Mexichem SAB de C.V., Sinochem Group, Air Liquide
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