Press release
Natural Refrigerants Market is expected to grow at 4.5% through 2024 to 2030, reaching nearly US$ 1.55 Bn.
๐๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐๐๐ซ๐ข๐ ๐๐ซ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ size was valued at US$ 1.13 Bn. in 2023 and the total revenue is expected to grow at 4.5% through 2024 to 2030, reaching nearly US$ 1.55 Bn.๐๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐๐๐ซ๐ข๐ ๐๐ซ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The natural refrigerants market has seen significant growth in recent years, driven by increasing environmental awareness and stringent regulations regarding the use of hydrofluorocarbons (HFCs), which are known to contribute to global warming. As industries across the globe seek more sustainable and eco-friendly alternatives, natural refrigerants such as ammonia, carbon dioxide (COโ), and hydrocarbons (propane, butane) are emerging as viable solutions. These refrigerants offer low global warming potential (GWP) and ozone depletion potential (ODP), making them attractive choices for various applications, including air conditioning, refrigeration, and heat pumps. Furthermore, governments and organizations are offering incentives for the adoption of natural refrigerants, accelerating their market penetration and fostering innovation in the development of energy-efficient systems.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐๐ฌ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ :https://www.maximizemarketresearch.com/request-sample/118102/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐๐๐ซ๐ข๐ ๐๐ซ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ :
The main drivers of the natural refrigerants market include the growing demand for energy-efficient and environmentally friendly refrigeration systems, along with increasing governmental regulations that aim to phase out high-GWP synthetic refrigerants. The implementation of the Kigali Amendment to the Montreal Protocol has placed greater pressure on industries to adopt refrigerants with low GWP, spurring the shift toward natural alternatives. Additionally, the growing trend of sustainability in sectors such as food processing, cold storage, and air conditioning has contributed to the widespread adoption of natural refrigerants. Rising awareness among consumers and businesses about the environmental impact of traditional refrigerants also acts as a major driver for market growth.
๐๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐๐๐ซ๐ข๐ ๐๐ซ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
A notable trend in the natural refrigerants market is the increasing adoption of COโ-based systems in commercial refrigeration, particularly in supermarkets and food storage facilities. These systems are considered highly efficient and environmentally safe, and their integration into larger retail and industrial applications is expanding. Another key trend is the innovation in hybrid systems, where natural refrigerants are integrated into conventional systems to balance cost and environmental benefits. Additionally, there is a growing focus on developing refrigerants with even lower environmental impact, such as next-generation hydrocarbons and advanced ammonia-based systems, to meet stricter environmental standards. As the market continues to evolve, natural refrigerants are expected to play an increasingly significant role in shaping the future of the refrigeration and air conditioning industries.
๐๐ก๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.maximizemarketresearch.com/inquiry-before-buying/118102/
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ: ๐๐ก๐๐ฉ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐๐๐ซ๐ข๐ ๐๐ซ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: Major players in the US, such as Honeywell and Johnson Controls, have been acquiring smaller firms specializing in natural refrigerants to expand their product portfolios. These acquisitions aim to enhance their capabilities in providing eco-friendly refrigeration solutions.
๐๐ข๐๐ญ๐ง๐๐ฆ & ๐๐ก๐๐ข๐ฅ๐๐ง๐: Companies in Southeast Asia are making significant strides by acquiring local refrigeration manufacturers and establishing joint ventures to meet the growing demand for green technologies. The Southeast Asian market is witnessing rapid adoption of natural refrigerants, particularly in the food processing and retail sectors.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐ & ๐๐๐ฉ๐๐ง: In these advanced markets, companies like LG Electronics and Daikin have been at the forefront of innovation and have engaged in strategic acquisitions to develop cutting-edge refrigeration systems using natural refrigerants.
๐๐ฎ๐ซ๐จ๐ฉ๐๐๐ง ๐๐ง๐ข๐จ๐ง: In Europe, environmental regulations and a push for sustainability have driven numerous mergers and acquisitions, particularly in the commercial refrigeration sector. Leading European firms are entering partnerships to foster innovation and ensure compliance with stringent EU environmental standards.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐๐๐ซ๐ข๐ ๐๐ซ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ๐ฌ
๐๐ข๐๐ญ๐ง๐๐ฆ ๐๐ง๐ ๐๐ก๐๐ข๐ฅ๐๐ง๐: The natural refrigerants market in these countries is growing as part of the shift towards more sustainable cooling solutions. Local industries, such as the food and beverage sector, are driving the demand for natural refrigerants as they look to improve energy efficiency and reduce costs.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: Known for its advanced infrastructure, Singapore has been a key market for natural refrigerants, with a focus on HVAC systems and commercial refrigeration. Recent partnerships between government bodies and industry leaders are fostering innovation in the field.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: South Korea is making significant progress in the adoption of natural refrigerants, with the government offering incentives for companies that adopt eco-friendly refrigerant solutions. This has led to increased mergers and acquisitions in the industry.
๐๐๐ฉ๐๐ง: As one of the leading markets for refrigeration technologies, Japan continues to invest heavily in natural refrigerants, with a focus on energy-efficient cooling systems. Recent mergers between Japanese and European firms have accelerated the development of advanced refrigeration solutions.
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: The US remains a dominant player in the natural refrigerants market. Companies in North America are scaling up their operations and making strategic acquisitions to expand their reach and product offerings in the natural refrigerants space.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.maximizemarketresearch.com/request-sample/118102/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฉ๐ญ๐ข๐๐๐ฅ ๐๐จ๐ซ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ:
by Type
Ammonia (R-717)
Carbon Dioxide (R-744)
Hydrocarbons
Other
by End-Use
Commercial
Industrial
Domestic
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐๐๐ซ๐ข๐ ๐๐ซ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
1. Linde Group
2. Airgas Inc.
3. A-Gas International
4. Sinochem
5. Puyang Zongwei Fine Chemical Co. Ltd.
6. Shangdong Yueon Chemical Co. Ltd.
7. Alfa Laval
8. Dorin S.p.A.
9. Energy Recovery, Inc.
10. engas Australasia
11. Evonik Industries AG
12. GEA Group Aktiengesellschaft
13. HyChill Australia
14. Intergas Heating Ltd
15. Johnson Controls, Inc.
16. Natural Refrigerants Co.
17. Nidec Global Appliance
18. PuyangZhongwei Fine Chemical Co.,Ltd
19. Secop GmbH
20. Shandong Yuean New Material Co., Ltd.
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ:https://www.maximizemarketresearch.com/market-report/global-natural-refrigerants-market/118102/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
๐๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐๐๐ซ๐ข๐ ๐๐ซ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
๐๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐๐๐ซ๐ข๐ ๐๐ซ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก :
โฆ Glyphosate Market https://www.maximizemarketresearch.com/market-report/global-glyphosate-market/48280/
โฆ Energy Recovery Ventilator Market https://www.maximizemarketresearch.com/market-report/global-energy-recovery-ventilator-market/531/
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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