Magnetic Refrigeration Market by Product (Refrigeration Systems, Air Conditioning Systems and Heat Pumps), Application (Domestic, Commercial, Transportation and Industrial), and Geography - Global Forecast to 2023

  • ID: 4337673
  • Report
  • Region: Global
  • 158 Pages
  • Markets and Markets
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The Magnetic Refrigeration Market is Expected to Be Valued at USD 163.7 Million By 2023, Growing at a CAGR of 108.0% Between 2018 And 2023

FEATURED COMPANIES

  • Basf Se
  • Camfridge Ltd
  • Cooltech Applications
  • Eramet S.A.
  • Qingdao Haier Co., Ltd
  • Sigma-Aldrich Corporation
  • MORE

“Magnetic refrigeration market expected to grow at a CAGR of 108.0% between 2018 and 2023”

The magnetic refrigeration market is expected to be valued at USD 163.7 million by 2023, growing at a CAGR of 108.0% between 2018 and 2023. This market growth can be attributed to the increasing pressure on the refrigeration industry to reduce the use of harmful refrigerants such as hydrofluorocarbons (HFCs) and chlorofluorocarbons (CFCs). Also, the magnetic refrigeration system uses 40% less energy than traditional vapor compression system. Governments in the US as well as in European countries have been phasing out refrigerants to reduce their impact on the environment. Hydrofluorocarbon (HFC) refrigerants such as R-134a, R-410a, or R-404a are already being phased out. As per the guidelines issued by EU, the most common refrigerant R143A (used mostly in Vehicles) was banned in newly type-approved vehicles (new models) since 1 January, 2011 and from 2017 it was banned in all types of new vehicles. HCFC-22 or R-22 is a commonly used as propellant and refrigerant. It is being gradually phased out in various countries, especially in developed countries. Developing countries such as China and India have also pledged under the Montreal Protocol to phase down the production and consumption of HFCs.       

“Commercial application expected to hold the largest size of the market during the forecast period”

The commercial application includes places that are used for businesses such as offices, malls, and shops, among others. The commercial application is expected to lead the market for magnetic refrigeration in the coming years because most of the players in the field of magnetic refrigeration are focusing initially on the commercial application for launching their magnetic refrigeration products. Cooltech Applications (France) is even demonstrating and collaborating with commercial businesses such as hotels, retail stores, and restaurants for testing their MRS.

“Market in APAC likely to grow at the highest rate during the forecast period”

The magnetic refrigeration market in APAC is expected to grow at the highest rate during the forecast period. Factors such as the fast economic development of countries in APAC such as China and India, and the increasing demand for air conditioning systems in countries such as China and India are likely to contribute to the fastest growth of the market in APAC during the forecast period. In June 2013, the US and China proposed to work together under the Montreal Protocol to phase down the production and consumption of HFCs. In 2015, India submitted a proposal to amend Montreal Protocol to include HFCs. Companies such as Haier, Toshiba, and Samsung have been working toward developing magnetic refrigeration-based products, thereby contributing to the fastest growth of the market in APAC.

Breakdown of the profiles of primary participants:

  • By Company: Tier 1 = 55 %, Tier 2 = 30%, and Tier 3 = 15%
  • By Designation: C-Level Executives = 50%, Directors = 25%, and Managers = 25%
  • By Region: North America = 35%, Europe = 25%, APAC = 30%, and RoW = 10%

The major players profiled in this report are as follows:

  • Cooltech Applications (France)
  • Camfridge Ltd (UK)
  • Astronautics Corporation of America (US)
  • Whirlpool Corporation (US)
  • Qingdao Haier Co. Ltd. (China)
  • BASF SE (Germany)
  • Eramet S.A. (France)
  • Samsung Electronics Co., Ltd. (South Korea)
  • Toshiba Corporation (Japan)
  • VACUUMSCHMELZE GMBH & CO. KG (Germany)

Research Coverage

In this report, the magnetic refrigeration market has been segmented on the basis of products, application, and geography. The market has been segmented on the basis of products into refrigeration systems, air conditioning systems, and heat pumps. The magnetic refrigeration market based on application comprises domestic, commercial, transportation, and industrial. The study also covers the forecast of the market sizes for five main regions - North America, South America, Europe, APAC, and RoW.

Reasons to buy the report

The report would help the market leaders/new entrants in this market in the following ways.

1. This report segments the magnetic refrigeration market comprehensively and provides the closest approximations of the overall market size and those of the subsegments across different verticals and regions.

2. The report would help stakeholders understand the pulse of the market and provide them with the information on key drivers, restraints, challenges, opportunities, burning issues, and winning imperatives for the market.

3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product launches and developments, partnerships, and mergers and acquisitions carried out in the market.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Basf Se
  • Camfridge Ltd
  • Cooltech Applications
  • Eramet S.A.
  • Qingdao Haier Co., Ltd
  • Sigma-Aldrich Corporation
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Key Data from Primary Sources
2.2 Demand-Side Analysis of the Magnetic Refrigeration Market
2.2.1 Introduction
2.2.2 Demand-Side Analysis
2.2.3 Government Regulations to Ban Hfc And Hcfc
2.2.4 Advantages Over Vapor Compression And Vapor Absorption Cycles to Drive the Demand for the Magnetic Refrigeration Technology
2.2.5 Lower Energy Consumption is An Added Advantage Delivered By the Magnetic Refrigeration Technology Which is Expected to Drive Its Application in Various Sectors
2.3 Market Size Estimation
2.4 Market Breakdown And Data Triangulation
2.4.1 Secondary And Primary Data
2.4.1.1 Key Industry Insights
2.5 Research Assumptions

3 Executive Summary
 
4 Premium Insights
4.1 Magnetic Refrigeration Market (2018-2023)
4.2 Magnetic Refrigeration Market, By Application, (2018-2023)
4.3 Magnetic Refrigeration Market, By Application And Geography (2023)
4.4 Magnetic Refrigeration Market, By Geography (2018-2023)
4.5 Magnetic Refrigeration Market, By Product (2018-2023)

5 Market Overview
5.1 Introduction
5.2 Evolution
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Focus On Green Technology
5.3.1.2 Low Maintenance Cost
5.3.1.3 High Energy Efficiency
5.3.2 Restraints
5.3.2.1 High Initial Investment
5.3.2.2 Limited Field Strength of Permanent Magnets
5.3.3 Opportunities
5.3.3.1 Adoption of Magnetic Refrigeration in the Transportation Sector
5.3.3.2 High Potential in the Industrial Sector
5.3.4 Challenges
5.3.4.1 Need for Suitable Magnetocaloric Materials
5.3.5 Burning Issues
5.3.5.1 High Precision Required By Moving Machines
5.3.6 Winning Imperatives
5.3.6.1 Compact Design for Portable Applications

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research And Product Development
6.2.2 Component Manufacturing
6.2.3 Technology Manufacturing
6.2.4 System Integration
6.2.5 Distribution
6.2.6 Post-Sales Services
6.3 Regulations Related to Refrigeration Industry
6.3.1 Regulations And Standards Related to Refrigeration
6.4 Working Principle And Materials
 
7 Magnetic Refrigeration Market, By Product
7.1 Introduction
7.2 Refrigeration Systems
7.3 Refrigerators
7.4 Cabinet Displays
7.5 Freezers
7.6 Beverage Coolers
7.7 Ice Cream Cabinets
7.8 Air Conditioning Systems
7.9 Stationary Air Conditioners
7.10 Mobile Air Conditioners
7.11 Chillers
7.12 Heat Pumps

8 Magnetic Refrigeration Market, By Application
8.1 Introduction
8.2 Domestic
8.3 Commercial
8.4 Transportation
8.5 Logistics
8.6 Automotive
8.7 Aerospace
8.8 Marine
8.9 Industrial
8.10 Food & Beverage Processing & Storage
8.11 Healthcare

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 Us
9.2.2 Canada
9.2.3 Mexico
9.3 South America
9.3.1 Brazil
9.4 Europe
9.4.1 Germany
9.4.2 Uk
9.5 Apac
9.5.1 China
9.5.2 India
9.5.3 Japan
9.6 Row

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis
10.3 Magnetic Refrigeration Market (Global), Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Dynamic Differentiators
10.3.3 Innovators
10.3.4 Emerging Companies
10.4 Business Strategy
10.5 Product Offering
*Top 11 Companies Analyzed for this Study Are - Cooltech Applications (France), Camfridge Ltd. (Uk), Astronautics Corporation of America (Us), Whirlpool Corporation (Us), Qingdao Haier Co.,Ltd (China), Basf Se (Gemany), Eramet S.A. (France), Samsung Electronics Co., Ltd (South Korea), Toshiba Cororation (Japan), Vacuumschmelze Gmbh & Co. Kg (Germany), Sigma-Aldrich Corporation (Us)
10.6 Competitive Situations And Trends
10.7 Significant Developments in Magnetic Refrigeration Market

11 Company Profiles
(Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships)*
11.1 Introduction
11.2 Cooltech Applications
11.3 Camfridge Ltd
11.4 Astronautics Corporation of America
11.5 Whirlpool Corporation
11.6 Qingdao Haier Co., Ltd
11.7 Basf Se
11.8 Eramet S.A.
11.9 Samsung Electronics Co., Ltd
11.10 Toshiba Corporation
11.11 Vacuumschmelze Gmbh & Co. Kg
11.12 Key Innovators
11.12.1 Sigma-Aldrich Corporation
*Details On Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights from Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.4 Introducing Rt: Real-Time Market Intelligence
12.5 Available Customization
12.6 Related Reports
12.7 Author Details

List of Tables
Table 1 Magnetic Refrigeration Market, By Product, 2018-2023 (USD Million)
Table 2 Magnetic Refrigeration Market for Refrigeration Systems, By Product Type, 2018-2023 (USD Thousand)
Table 3 Magnetic Refrigeration Market for Refrigeration Systems, By Application, 2018-2023 (USD Million)
Table 4 Refrigeration Systems Market for Transportation Application, By Type, 2020-2023 (USD Thousand)
Table 5 Refrigeration Systems Market for Industrial Application, By Type, 2019-2023 (USD Thousand)
Table 6 Magnetic Refrigeration Market for Air Conditioning Systems, By Product Type, 2019-2023 (USD Thousand)
Table 7 Magnetic Refrigeration Market for Air Conditioning Systems, By Application, 2019-2023 (USD Thousand)
Table 8 Air Conditioning Systems Market for Transportation Application, By Type, 2020-2023 (USD Thousand)
Table 9 Air Conditioning Systems Market for Industrial Application, By Type, 2019-2023 (USD Thousand)
Table 10 Magnetic Refrigeration Market for Heat Pumps, By Application, 2019-2023 (USD Thousand)
Table 11 Heat Pumps Market for Transportation Application, By Type, 2020-2023 (USD Thousand)
Table 12 Heat Pumps Market for Industrial Application, By Type, 2019-2023 (USD Thousand)
Table 13 Magnetic Refrigeration Market, By Application, 2018-2023 (USD Million)
Table 14 Magnetic Refrigeration Market for Domestic Application, By Product, 2019-2023 (USD Thousand)
Table 15 Magnetic Refrigeration Market for Domestic Application, By Region, 2019-2023 (USD Thousand)
Table 16 Magnetic Refrigeration Market for Commercial Application, By Product, 2018-2023 (USD Thousand)
Table 17 Magnetic Refrigeration Market for Commercial Application, By Region, 2018-2023 (USD Thousand)
Table 18 Magnetic Refrigeration Market for Transportation Application, By Type, 2020-2023 (USD Million)
Table 19 Magnetic Refrigeration Market for Transportation Application, By Product, 2020-2023 (USD Thousand)
Table 20 Magnetic Refrigeration Market for Transportation Application, By Region, 2020-2023 (USD Thousand)
Table 21 Magnetic Refrigeration Market for Logistics, By Product, 2020-2023 (USD Thousand)
Table 22 Magnetic Refrigeration Market for Logistics, By Region, 2020-2023 (USD Thousand)
Table 23 Magnetic Refrigeration Market for Automotive Application, By Product, 2020-2023 (USD Thousand)
Table 24 Magnetic Refrigeration Market for Automotive Application, By Region, 2020-2023 (USD Thousand)
Table 25 Magnetic Refrigeration Market for Aerospace Application, By Product, 2021-2023 (USD Thousand)
Table 26 Magnetic Refrigeration Market for Aerospace Application, By Region, 2021-2023 (USD Thousand)
Table 27 Magnetic Refrigeration Market for Marine Application, By Product, 2021-2023 (USD Thousand)
Table 28 Magnetic Refrigeration Market for Marine Application, By Region, 2021-2023 (USD Thousand)
Table 29 Magnetic Refrigeration Market, By Industrial Application, 2019-2023 (USD Thousand)
Table 30 Magnetic Refrigeration Market for Industrial Application, By Product, 2019-2023 (USD Thousand)
Table 31 Magnetic Refrigeration Market for Industrial Application, By Region, 2019-2023 (USD Thousand)
Table 32 Magnetic Refrigeration Market for Food & Beverage Processing & Storage, By Product, 2019-2023 (USD Thousand)
Table 33 Magnetic Refrigeration Market for Food & Beverage Processing & Storage, By Region, 2019-2023 (USD Thousand)
Table 34 Magnetic Refrigeration Market for Healthcare, By Product, 2019-2023 (USD Thousand)
Table 35 Magnetic Refrigeration Market for Healthcare, By Region, 2019-2023 (USD Thousand)
Table 36 Magnetic Refrigeration Market, By Region, 2018-2023 (USD Thousand)
Table 37 Magnetic Refrigeration Market in North America, By Country, 2018-2023 (USD Thousand)
Table 38 Magnetic Refrigeration Market in North America, By Product, 2018-2023 (USD Thousand)
Table 39 Magnetic Refrigeration Market in North America, By Application, 2018-2023 (USD Million)
Table 40 Magnetic Refrigeration Market for Transportation Application in North America, By Type, 2020-2023 (USD Thousand)
Table 41 Magnetic Refrigeration Market for Industrial Application in North America, By Type, 2019-2023 (USD Thousand)
Table 42 Magnetic Refrigeration Market in South America, By Country, 2018-2023 (USD Thousand)
Table 43 Magnetic Refrigeration Market in South America, By Product, 2018-2023 (USD Thousand)
Table 44 Magnetic Refrigeration Market in South America, By Application, 2018-2023 (USD Thousand)
Table 45 Magnetic Refrigeration Market for Transportation Application in South America, By Type, 2020-2023 (USD Thousand)
Table 46 Magnetic Refrigeration Market for Industrial Application in South America, By Type, 2019-2023 (USD Thousand)
Table 47 Magnetic Refrigeration Market in Europe, By Country, 2018-2023 (USD Million)
Table 48 Magnetic Refrigeration Market in Europe, By Product, 2018-2023 (USD Thousand)
Table 49 Magnetic Refrigeration Market in Europe, By Application, 2018-2023 (USD Million)
Table 50 Magnetic Refrigeration Market for Transportation Application in Europe, By Type, 2020-2023 (USD Thousand)
Table 51 Magnetic Refrigeration Market for Industrial Application in Europe, By Type, 2019-2023 (USD Thousand)
Table 52 Magnetic Refrigeration Market in Apac, By Country, 2018-2023 (USD Thousand)
Table 53 Magnetic Refrigeration Market in Apac, By Product, 2018-2023 (USD Thousand)
Table 54 Magnetic Refrigeration Market in Apac, By Application, 2018-2023 (USD Thousand)
Table 55 Magnetic Refrigeration Market for Transportation Application in Apac, By Type, 2020-2023 (USD Thousand)
Table 56 Magnetic Refrigeration Market for Industrial Application in Apac, By Type, 2019-2023 (USD Thousand)
Table 57 Magnetic Refrigeration Market in Row, By Region, 2018-2023 (USD Thousand)
Table 58 Magnetic Refrigeration Market in Row, By Product, 2018-2023 (USD Thousand)
Table 59 Magnetic Refrigeration Market in Row, By Application, 2018-2023 (USD Thousand)
Table 60 Magnetic Refrigeration Market for Transportation Application in Row, By Type, 2020-2023 (USD Thousand)
Table 61 Magnetic Refrigeration Market for Industrial Application in Row, By Type, 2019-2023 (USD Thousand)
Table 62 Market Ranking of the Top 5 Players in the Magnetic Refrigeration Market
Table 63 Product Development
Table 64 Agreements, Partnerships, And Collaborations
Table 65 Acquisitions

List of Figures
Figure 1 Magnetic Refrigeration Market
Figure 2 Geographic Scope
Figure 3 Global Magnetic Refrigeration Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Breakdown of Primary Interviews: By Company Type, Designation, And Region
Figure 7 Data Triangulation
Figure 8 Assumptions of the Research Study
Figure 9 Commercial Application to Lead the Magnetic Refrigeration Market By 2023
Figure 10 Global Magnetic Refrigeration Market Share, By Product, 2023
Figure 11 Magnetic Refrigeration Market Share, By Geography, (2023)
Figure 12 Refrigerators And Freezers Expected to Witness the Highest CAGR During the Forecast Period
Figure 13 Attractive Growth Opportunities in the Magnetic Refrigeration Market Between 2018 And 2023
Figure 14 Commercial And Domestic Applications Expected to Play a Significant Role in the Magnetic Refrigeration Market
Figure 15 Commercial Application to Hold the Largest Share of the Magnetic Refrigeration Market During the Forecast Period
Figure 16 in Apac, Market in India Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Refrigeration Products Expected to Lead the Magnetic Refrigeration Market During the Forecast Period
Figure 18 Evolution of Magnetic Refrigeration
Figure 19 High Energy Efficiency And Green Technology Expected to Boost the Magnetic Refrigeration Market
Figure 20 Distribution of the Global Refrigeration Sector’S Electricity Consumption
Figure 21 Value Chain Analysis (2018) of the Magnetic Refrigeration Market: Major Value is Added By Component And Technology Manufacturing Stages
Figure 22 Magnetic Refrigeration Segmentation, By Product
Figure 23 Refrigeration Systems to Hold the Largest Market Size During the Forecast Period
Figure 24 Commercial Application to Hold the Largest Market Size for Refrigeration Systems
Figure 25 Stationary Air Conditioners to Hold the Largest Size of the Magnetic Refrigeration Market for Air Conditioning Systems
Figure 26 Food & Beverage Processing And Storage Industry to Hold the Largest Market Size During the Forecast Period
Figure 27 Food & Beverage Processing & Storage Industry to Hold the Largest Market Size During the Forecast Period
Figure 28 Magnetic Refrigeration Segmentation, By Application
Figure 29 Commercial Application to Hold the Largest Market Size for Magnetic Refrigeration During the Forecast Period
Figure 30 Refrigeration Systems to Lead the Market for the Domestic Application During the Forecast Period
Figure 31 Refrigeration Systems to Hold the Largest Market Size for the Commercial Application During the Forecast Period
Figure 32 Refrigeration Systems to Hold the Largest Market Size for the Transportation Application During the Forecast Period
Figure 33 Europe to Hold the Largest Market Size for Logistics in the Transportation Application During the Forecast Period
Figure 34 Refrigeration Systems to Hold the Largest Market Size for the Aerospace Application During the Forecast Period
Figure 35 Refrigeration Systems to Hold the Largest Market Size for the Industrial Application During the Forecast Period
Figure 36 Refrigeration Systems to Hold the Largest Market Size for the Healthcare Application During the Forecast Period
Figure 37 Magnetic Rerigeration Market Segmentation, By Geography
Figure 38 Geographic Snapshot for Magnetic Refrigeration Market (2023)
Figure 39 Europe to Lead the Market for Magnetic Refrigeration During the Forecast Period
Figure 40 North America: Magnetic Refrigeration Market Snapshot
Figure 41 Commercial Application to Lead the Market in North America During the Forecast Period
Figure 42 Brazil Expected to Be the Leading Market for Magnetic Refrigeration in South America During the Forecast Period
Figure 43 Europe: Magnetic Refrigeration Market Snapshot
Figure 44 Germany to Hold the Largest Market Size for Magnetic Refrigeration in Europe During the Forecast Period
Figure 45 Commerical Application Expected to Hold the Largest Market Size for Magnetic Refrigeration in Apac During the Forecast Period
Figure 46 Commercial Application Expected to Hold the Largest Market Size for Magnetic Refrigeration in Row During the Forecast Period
Figure 47 Companies Adopted Partnerships, Agreements, And Collaborations As Key Growth Strategies Between 2014 And 2017
Figure 48 Competitive Leadership Mapping
Figure 49 Battle for Market Share: Partnerships, Agreements, And Collaborations Was the Key Strategy Adopted By Companies Between 2013 And 2017
Figure 50 Whirlpool Corporation: Company Snapshot
Figure 51 Qingdao Haier Co., Ltd: Company Snapshot
Figure 52 Basf Se: Company Snapshot
Figure 53 Eramet S.A.: Company Snapshot
Figure 54 Samsung Electronics Co., Ltd: Company Snapshot
Figure 55 Toshiba Corporation: Company Snapshot

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FEATURED COMPANIES

  • Basf Se
  • Camfridge Ltd
  • Cooltech Applications
  • Eramet S.A.
  • Qingdao Haier Co., Ltd
  • Sigma-Aldrich Corporation
  • MORE

The magnetic refrigeration market is expected to be valued at USD 163.7 Million by 2023, growing at a CAGR of 108.0% between 2018 and 2023. Some of the key factors driving the growth of this market are the increasing focus on green technology and high energy efficiency.

Magnetic refrigeration has a huge opportunity in the commercial application in initial years including users such as hotels, retail stores, bakeries, confectionaries, and restaurants. The commercial application is expected to lead the magnetic refrigeration systems by 2023. The low energy consumption by magnetic refrigeration systems is the main reason for the high demand from the commercial application.

Magnetic refrigeration systems will be integrated first in refrigeration products such as refrigerators, beverage coolers, cabinet displays, freezers, and ice cream cabinets. The main reason for this is that companies are still working to solve the complexities related to air conditioners and heat pumps. The increasing pressure from governments to eliminate the use of harmful greenhouse gases is forcing the companies to find alternatives to vapor compressors. This is expected to create huge opportunities for the magnetic refrigeration systems in coming years.

Europe is expected to lead the magnetic refrigeration market during the forecast period. European Union’s initiative to check global warming and ozone depletion by banning high-GWP refrigerants is the major driver for the growth of the magnetic refrigeration in the region. The European Union passed a new F-gas regulation in 2015 that stresses on limiting the total amount of F-gases that can be sold from 2015 onwards, banning the use of F-gases in equipment such as fridges in homes or supermarkets, air conditioners, and foams and aerosols, as well as to prevent the emissions of F-gases from existing equipment through regular checks and maintenance.

The major factors restraining the growth of the market include the high initial investment and the limited field strength of permanent magnets. Magnets and magnetocaloric materials contribute greatly to the cost of magnetic refrigeration equipment. A device with a high coefficient of performance (COP) would use more magnetic and magnetocaloric materials. The development of a device with high efficiency requires more materials, thereby leading to an increase in the cost of the device. Also, a permanent magnet is the most commonly used magnet in magnetic refrigeration equipment as it does not require additional cooling systems or external power sources. However, the magnetic field generated by permanent magnets is lower, and their availability is limited.

The key players in the market include Cooltech Applications (France), Astronautics Corporation America (US), Camfridge Ltd (UK), and Whirlpool Corporation (US). The companies in the market are strengthening their product portfolios by increasing their R&D investments. The key players in this market are increasingly undertaking partnerships and collaborations to develop new technologies and appliances to be launched in the market.

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  • Astronautics Corporation of America
  • Basf Se
  • Camfridge Ltd
  • Cooltech Applications
  • Eramet S.A.
  • Qingdao Haier Co., Ltd
  • Samsung Electronics Co., Ltd
  • Sigma-Aldrich Corporation
  • Toshiba Corporation
  • Vacuumschmelze Gmbh & Co. Kg
  • Whirlpool Corporation
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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