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Natural Refrigerants Market to Reach USD 1.55 Billion by 2030, Growing at a CAGR of 4.5 Percentage

12-17-2024 03:28 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Natural Refrigerants Market

Natural Refrigerants Market

๐๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ 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.

๐๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The natural refrigerants market is gaining momentum as industries and governments prioritize sustainable and eco-friendly alternatives to traditional synthetic refrigerants. As the global push for reducing greenhouse gas emissions intensifies, natural refrigerants, such as CO2, ammonia, and hydrocarbons, are emerging as key solutions. These refrigerants have minimal impact on the environment, boasting low Global Warming Potential (GWP) and Ozone Depletion Potential (ODP), which aligns with the global shift towards greener technologies. With the increasing regulatory pressure and rising awareness about climate change, the demand for natural refrigerants is expected to grow across various sectors, including refrigeration, air conditioning, automotive, and food storage.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/118102/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

Several factors are driving the expansion of the natural refrigerants market. Strict regulatory frameworks, such as the Kigali Amendment to the Montreal Protocol and the European F-Gas Regulation, are pushing industries to adopt low-GWP refrigerants. Additionally, technological advancements in refrigeration systems and the growing need for energy-efficient solutions are bolstering the market growth. Industries are opting for natural refrigerants due to their superior energy efficiency and cost-effectiveness in the long term. The increasing consumer preference for environmentally responsible products also encourages businesses to adopt sustainable refrigerant solutions, further accelerating market growth.

๐๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The natural refrigerants market is witnessing several key trends that are reshaping the industry. First, the adoption of CO2-based refrigeration systems is gaining traction, particularly in commercial refrigeration and supermarket applications, as CO2 offers significant energy savings. Second, ammonia-based refrigeration systems are widely used in large-scale industrial applications due to their efficiency and cost-effectiveness. In addition, the rise of hydrocarbon refrigerants, such as propane and isobutane, in household and small-scale refrigeration systems is becoming increasingly common. Furthermore, the automotive sector is seeing a shift towards natural refrigerants, driven by the growing demand for eco-friendly vehicle air conditioning systems. Overall, these trends highlight the move towards greener, more efficient, and sustainable refrigerant solutions across industries worldwide.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/request-sample/118102/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ๐ฌ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ:

Vietnam has shown significant potential for natural refrigerants, especially in the food & beverage industry, where refrigeration systems are essential. The government is increasingly adopting regulations in line with the Montreal Protocol to phase out HFCs, creating a fertile ground for natural refrigerants.

๐๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ๐ฌ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐:

Thailand is embracing natural refrigerants as part of its push towards sustainable refrigeration. The Thai government's incentives for green technologies are driving demand for ammonia and CO2 refrigeration systems, particularly in the retail and commercial sectors.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง:

Japan continues to lead in the adoption of advanced refrigeration technologies. The growing popularity of CO2-based refrigeration systems in supermarkets and cold storage facilities highlights Japan's trend toward green refrigeration solutions.

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐Ÿ๐จ๐ซ ๐๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ๐ฌ ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š:

South Korea has set ambitious environmental targets and is witnessing a rise in the use of natural refrigerants in industrial applications. The country's emphasis on sustainable practices is fueling the demand for natural refrigerants in the HVAC industry.

๐๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ๐ฌ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž:

Singapore is positioning itself as a regional hub for sustainable refrigeration solutions. With an increasing number of local and international firms focusing on natural refrigerants, there is consolidation in the market, leading to partnerships and joint ventures in the sector.

๐๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ๐ฌ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’:

In the United States, regulatory pressures from agencies such as the EPA are accelerating the shift towards natural refrigerants. Recent updates to the Clean Air Act and the American Innovation and Manufacturing (AIM) Act are pushing industries to adopt CO2, ammonia, and hydrocarbons.

๐๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž:

Europe remains a leader in the adoption of natural refrigerants. The European Union's HFC phase-out regulations and the adoption of low-GWP (Global Warming Potential) refrigerants in both residential and commercial applications are propelling the market forward. Companies like Danfoss and Carrier are pioneering the adoption of CO2-based solutions.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/118102/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

by Type

Ammonia (R-717)
Carbon Dioxide (R-744)
Hydrocarbons
Other

by End-Use

Commercial
Industrial
Domestic

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐‘๐ž๐Ÿ๐ซ๐ข๐ ๐ž๐ซ๐š๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

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.
21. TazzettiS.p.A. ("Tazzetti")
22. TEKO Gesellschaft fur
23. KaltetechTemprite Company
24. True Manufacturing Co., Inc.

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-natural-refrigerants-market/118102/

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆHereditary Angioedema Therapeutic Market https://www.maximizemarketresearch.com/market-report/hereditary-angioedema-therapeutic-market/37140/

โ™ฆGlobal LED Video Walls Market https://ww w.maximizemarketresearch.com/market-report/global-led-video-walls-market/16506/

โ™ฆCryogenic Equipment Market https://www.maximizemarketresearch.com/market-report/global-cryogenic-equipment-market/25719/

โ™ฆAlbumin Market https://www.maximizemarketresearch.com/market-report/albumin-market/37220/

โ™ฆNucleic Acid Isolation and Purification Market https://www.maximizemarketresearch.com/market-report/global-nucleic-acid-isolation-and-purification-market/100126/

โ™ฆMachine Condition Monitoring Market https://www.maximizemarketresearch.com/market-report/machine-condition-monitoring-market/2485/

โ™ฆModular Construction Materials Market https://www.maximizemarketresearch.com/market-report/modular-construction-materials-market/189237/

MAXIMIZE MARKET RESEARCH PVT. LTD.

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Pune Banglore Highway, Narhe

Pune, Maharashtra 411041, India.

โœ† +91 9607365656

๐Ÿ–‚ sales@maximizemarketresearch.com

๐ŸŒ www.maximizemarketresearch.com

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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Beer CO2 Regulator Market
Global Beer CO2 Regulator Market | 2018 Key Vendors: Taprite, Titan Controls, Pr โ€ฆ
Qyresearchreports include new market research report โ€œGlobal Beer CO2 Regulator Market Research Report 2018โ€ to its huge collection of research reports. This report on the global Beer CO2 Regulator market is based upon thorough study conducted by some of the professional and expert analysts of the industry. This report emphasizes on several factors including government regulations that are influencing growth of the market positively or negatively. The report explains challenges, opportunities,โ€ฆ