Press release
Green Cooling Technologies Market, Global Set for Rapid Growth by 2024
Green Cooling Technologies Market
The increasing population, the increased requirement for advanced technological methods, and the rise in the demand for the equipment that aids in the decrease of greenhouse gas emission are helping in saving a noteworthy amount of energy. The major sectors that are heavily contributing to greenhouse emission are air conditioning and refrigeration.
Global Green Cooling Technologies Market: Segmentation
The global market for the green cooling technologies is fragmented into end use industry and application. Based on the end user, the global market is segregated into air conditioning chillers, mobile air conditioning, and unitary air conditioning. Depending on the application, the market is categorized into commercial, residential, and industrial.
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Global Green Cooling Technologies Market: Growth Factors
The market for the green cooling technologies is being accelerated due to the increased rate of emissions of the greenhouse gases such as hydro fluorocarbons, chlorofluorocarbons, and halogens. The UNFCCC’s technology mechanisms are some of the initiatives and regulations that target transferring the green cooling technologies in all sectors and nations to permit the deployment of the technologies that are least climate harming. The heating, ventilation, and cooling (HVAC) and the automotive industries are widely accepting and adopting the guidelines that are implemented on the green cooling technologies thus fueling the market growth. The increasing urban population and the improving industrial and commercial ecosystem are the some of the major factors that are contributing to the growth of the green cooling technologies market. However, the unit sales are comparatively inadequate for the green cooling technologies due to the high initial installation cost which is restraining the market.
Global Green Cooling Technologies Market: Regional Analysis
The global green cooling technologies market is regionally diversified into Latin America, the Middle East & Africa, Western Europe, Eastern Europe, North America, and Asia Pacific. In terms of revenue contribution, the markets that are dominating the green cooling technologies market are North America and Western Europe. In terms of both value and volume, the countries that will contribute a good share of the market are Spain, Germany, France, the U.K., Italy, and the U.S. This is due to the implementation of the stringent regulations in these regions. In Asia Pacific region there will be new opportunities opening up owing to the valuable contribution that will be made by the emerging nations such as China and India. In the Latin America and the Middle East and Africa, the nations that are expected to have significant rapid development in the green cooling technologies market is Brazil and South Africa.
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Global Green Cooling Technologies Market: Competitive Players
The key market players that are involved in the green cooling technologies market include DPAC UK Ltd., Taco, Inc., AHT Cooling Systems GmbH., Cooltech Applications, InvenSor GmbH., Efficient Energy GmbH., Green Technology Systems, and Carel Industries S.p.a.
Global Green Cooling Technologies Market: Regional Segment Analysis
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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