Low GWP Refrigerant Trends and Forecast
The future of the global low GWP refrigerant market looks promising with opportunities in the commercial refrigeration, industrial refrigeration, domestic refrigeration, stationary air-conditioning, and mobile air-conditioning markets. The global low GWP refrigerant market is expected to reach an estimated $42.7 billion by 2030 with a CAGR of 10.8% from 2024 to 2030. The major drivers for this market are increasing commercial air conditioning product use, the demand for more efficient refrigeration across a range of industries, the expanding use of hydrocarbons, and the creation of novel low-GWP refrigerants.Low GWP Refrigerant by Segment
The study includes a forecast for the global low GWP refrigerant by type, application, and region.Low GWP Refrigerant Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Fluorocarbons
- Hydrocarbons
- Inorganics
Low GWP Refrigerant Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Commercial Refrigeration
- Industrial Refrigeration
- Domestic Refrigeration
- Stationary Air-Conditioning
- Mobile Air-Conditioning
- Others
Low GWP Refrigerant Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Low GWP Refrigerant Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies low GWP refrigerant companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the low GWP refrigerant companies profiled in this report include-- Linde Group
- Honeywell
- Sinochem
- Airgas
- Engas Australasia
- A-Gas
- Puyang Zhongwei Fine Chemical
- Harp International
- Tazzetti
- Shandong Yueon Chemical Industry
Low GWP Refrigerant Market Insights
The publisher forecasts that hydrocarbon is expected to witness the highest growth over the forecast period because the hydrocarbon refrigerants have excellent thermodynamic properties, and refrigerating and air-conditioning systems operating using these substances are highly energy-efficient.APAC will remain the largest region over the forecast period due to the fast population expansion, urbanization, and economic development in Southeast Asian, Indian, and Chinese nations, as well as, rising need for cooling systems that are both ecologically and energy-efficient.
Features of the Global Low GWP Refrigerant Market
- Market Size Estimates: Low GWP refrigerants market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Low GWP refrigerants market size by type, application, and region in terms of value ($B).
- Regional Analysis: Low GWP refrigerants market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the low GWP refrigerant market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the low GWP refrigerant market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the low GWP refrigerant market size?Answer: The global low GWP refrigerant market is expected to reach an estimated $42.7 billion by 2030.
Q2. What is the growth forecast for low GWP refrigerant market?
Answer: The global low GWP refrigerant market is expected to grow with a CAGR of 10.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the low GWP refrigerant market?
Answer: The major drivers for this market are increasing commercial air conditioning product use, the demand for more efficient refrigeration across a range of industries, the expanding use of hydrocarbons, and the creation of novel low-GWP refrigerants.
Q4. What are the major segments for low GWP refrigerant market?
Answer: The future of the global low GWP refrigerant market looks promising with opportunities in the commercial refrigeration, industrial refrigeration, domestic refrigeration, stationary air-conditioning, and mobile air-conditioning markets.
Q5. Who are the key low GWP refrigerant market companies?
Answer: Some of the key low GWP refrigerant companies are as follows:
- Linde Group
- Honeywell
- Sinochem
- Airgas
- Engas Australasia
- A-Gas
- Puyang Zhongwei Fine Chemical
- Harp International
- Tazzetti
- Shandong Yueon Chemical Industry
Answer: The publisher forecasts that hydrocarbon is expected to witness the highest growth over the forecast period because the hydrocarbon refrigerants have excellent thermodynamic properties, and refrigerating and air-conditioning systems operating using these substances are highly energy-efficient.
Q7. In low GWP refrigerant market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the fast population expansion, urbanization, and economic development in Southeast Asian, Indian, and Chinese nations, as well as, rising need for cooling systems that are both ecologically and energy-efficient.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the low GWP refrigerant market by type (fluorocarbons, hydrocarbons, and inorganics), application (commercial refrigeration, industrial refrigeration, domestic refrigeration, stationary air-conditioning, mobile air-conditioning, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Low GWP Refrigerant Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Linde Group
- Honeywell
- Sinochem
- Airgas
- Engas Australasia
- A-Gas
- Puyang Zhongwei Fine Chemical
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
LOADING...
