Low Global Warming Potential (GWP) Refrigerants Market Size to Record a Substantially CAGR 12.33% Over Forecast Period| Key Manufacturers: Linde, Honeywell International Inc., engas Australasia

Low global warming potential (GWP) refrigerants market size is valued at USD 50.61 billion by 2028 and is expected to grow at a compound annual growth rate of 12.33% for the forecast period of 2021 to 2028.  Data Bridge Market Research report on low global warming potential (GWP) refrigerants market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market's growth.

Low global warming potential (GWP) refrigerants such as hydrofluorocarbons (HFCs) are the organic compounds that have very less impact on environment and are also used to restore older CFCs which deplete the ozone layer. 

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The growing demand for refrigeration and air-conditioning application has highly influenced growth of the low global warming potential (GWP) refrigerants market. In line with this, the long-term feasibility of these low GWP refrigerants is also acting as a key determinant favoring the growth of the low global warming potential (GWP) refrigerants market over the forecast period of 2021 to 2028. Also the, increasing regulatory barriers on the usages of high GWP refrigerants as well as high infrastructural and economic development are also positively impacting the growth of the low global warming potential (GWP) refrigerants market. The major factor accountable for the growth of the market is the low environmental impact of low GWP refrigerants. Beside this, the rapid increase application of low GWP refrigerants in industrial refrigeration is also flourishing the growth of the low global warming potential (GWP) refrigerants market.

Competitive Landscape and Low Global Warming Potential (GWP) Refrigerants Market Share Analysis

Low global warming potential (GWP) refrigerants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to low global warming potential (GWP) refrigerants market.

The major players covered in the low global warming potential (GWP) refrigerants market report are
Linde
Honeywell International Inc.
engas Australasi
A-Gas, Arkema Inc.
Harp International Ltd.
Tazzetti S.p.A.
DAIKIN INDUSTRIES, Ltd.
The Chemours Company
Mexichem S.A.B. de C.V.
Danfoss
ECO-FREEZE INTERNATIONAL
Koura
DuPont
GEA Group Aktiengesellschaft,
AIREDALE INTERNATIONAL AIR CONDITIONING LTD., Dongyue Group,
Hychill Australia,
SOL Spa 
jiangsu meilan chemical co. ltd 

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However, the high initial capital cost requirement and various flammability and toxicity issues may act as key restraint towards low global warming potential (GWP) refrigerants market growth rate in the forecast period of 2021 to 2028, whereas the dearth of education and awareness in HVAC contractors and technicians have the potential to challenge the growth of the low global warming potential (GWP) refrigerants market in the above mentioned forecast period.

Furthermore, the high effects of global warming as well as the low operating cost with higher performance and rapid technological advancement for increasing performance will further offer a variety of growth opportunities for the low global warming potential (GWP) refrigerants market in the above mentioned forecast period.

This low global warming potential (GWP) refrigerants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on low global warming potential (GWP) refrigerants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Low Global Warming Potential (GWP) Refrigerants Market Scope and Market Size

Low global warming potential (GWP) refrigerants market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

On the basis of type, the low global warming potential (GWP) refrigerants market is segmented into inorganics, fluorocarbons and hydrocarbons. Inorganics have further been segmented into ammonia, carbon di-oxide and others. Others have further been sub-segmented into air and water. Fluorocarbons have further been segmented into hydro chlorofluorocarbons (HCFCs) and HFOC. Hydrocarbons have further been segmented into propane, isobutane and others. Others have further been sub-segmented into butane, propylene, ethylene and ethane.
The application segment for low global warming potential (GWP) refrigerants market is segmented into commercial refrigeration, industrial refrigeration, domestic refrigeration, stationary air-conditioning, mobile air-conditioning and others.

Countries Studied

America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)

Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)

Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)

Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

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