Global HVAC Refrigerant Market to grow at a CAGR of 6.35% during Forecast period 2016-2020

Albany, NY, Jan 31, 2017: HVAC equipment encompasses all equipment used for heating, ventilation, and air conditioning purposes. Efforts undertaken by various countries to reduce greenhouse gases (GHG) in order to protect the environment are driving the market. Shipments are likely to be driven by the need to replace some of the existing conventional equipment that emits harmful gases such as chlorofluorocarbons (CFCs) and hydro chlorofluorocarbons (HCFCs). Additionally, the market is expected to grow worldwide due to the demand for energy saving and efficiency, along with the latest innovations in the field of home automation. However, commercial spaces such as hotels and retail centers deploy centralized HVAC systems and variables refrigerant flow (VRF) systems that incur high energy bills, which is expected to inhibit market growth to a certain extent.

The global HVAC refrigerant market to grow at a CAGR of 6.35% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global HVAC refrigerant market for 2016-2020. In order to arrive at the market size, we have considered the demand for refrigerants from various end-user segments in the global HVAC refrigerant market. The report considers the different types of refrigerants. The demand for HVAC refrigerants across all geographies is included in market size calculation.

The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe
- MEA

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Technavio's report, Global HVAC Refrigerant Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Airgas Refrigerants
- Arkema
- Chemours
- Dongyue
- Honeywell
- The Linde Group

Other prominent vendors
- A Gas Americas
- Daikin Industries
- Climalife
- NavinFlourine International
- Shandong Yuean Chemicals
- Sinochem Group (China)
- SRF

Market driver
- Energy-efficient systems and construction sector driving demand for HVAC equipment
- For a full, detailed list, view our report

Market challenge
- Concerns over safe storage and transportation of refrigerants
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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