Press release
Refrigeration Oil Market Projected to Grow Steadily During 2017 - 2022
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the refrigeration oil market. The scope of this report covers the refrigeration oil market by its major segments, which include the types, applications, and the major geographic regions.
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The global refrigeration oil market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The North America region holds the highest market share and is the largest revenue contributor of refrigeration oil market. The region continues to dominate the global market during the forecasted period because of high demand for refrigerant based products such as air conditioners, residential and commercial refrigerants and medical freezers in countries like the U.S. and Canada. Due to urbanization, there is growing need for food storage equipment which is boosting the market growth further. The Asia Pacific region is witnessing a fast-paced growth due to rise in urban population and increasing usage of conditioners and refrigerants.
MARKET SEGMENTATION
This report analyzes the refrigeration oil market by the following segments:
Refrigeration Oil Market, by Product Type
1. Mineral Oil
2. Synthetic Oil
Refrigeration Oil Market, by Refrigerant Type
1. Hydro Chlorofluorocarbon (HCFC)
2. Chlorofluorocarbon (CFC)
3. Hydro Fluorocarbon (HFC)
4. Ammonia
Refrigeration Oil Market, by Application
1. Air conditioners
2. Coolers
3. Chillers
4. Refrigerators
5. Condensers
6. Others
Refrigeration Oil Market, by End-use
1. Residential
2. Commercial
3. Industrial
Browse Report: https://www.scalarmarketresearch.com/market-reports/refrigeration-oil-market
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