Reports Coverage
Green Refrigerant Market Key Insights
Green Refrigerant Market Analysis by Regions
Green Refrigerant Market Analysis by Segments
Green Refrigerant Market Size (current and future)
Green Refrigerant Market Competitive Benchmarking
a year ago
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid t...
Green refrigerants, such as carbon dioxide (CO2), are the present and future of industrial and commercial refrigeration (food storage, supermarkets, and so on). These solutions have a high heat exchange coefficient and are environmentally friendly due to their low GWP (global warming potential).
The manufacturing and construction industries stand to benefit the most from the green refrigerant market. These industries are primarily concerned with environmentally friendly refrigerants because they help reduce energy consumption and CO2 emissions. However, green refrigerants are also important end-users in the food and beverage industry. This is because they can keep food fresh and high-quality.
The refrigerant market is divided into five broad segments: industrial, commercial, residential, transportation, and utilities. Cooling towers, food processing plants, and chemical plants are examples of industrial uses. Hotels and restaurants, retail stores, and data centers are examples of commercial services. Air conditioning and refrigeration for homes and offices are examples of residential applications. Automobiles and trains are examples of modes of transportation. Finally, water droplets used in cooling towers and oil used in hydraulic systems are examples of utilities.
Such players are concentrating their efforts on developing environmentally friendly refrigerants and providing solutions that meet stringent environmental regulations. Some of the most critical projects these companies are working on are developing greener ways to make ammonia, using more immature climate control systems, and creating more childish ways to treat wastewater.
Because of the high volume of CO2 capture and displacement technology implemented in this sector, the product segment is expected to dominate the green refrigerant market. This is followed by the transportation segment, which is expected to grow faster as the adoption of electric vehicles grows. Because of increased investments in cold chain infrastructure, the storage segment is expected to grow modestly. The end-user segment will grow the fastest because more and more industries are looking for cooling solutions that use less energy.
AGC Inc, The Linde Group, ASPEN Refrigerants, Tazzetti, Daikin Industries, Harp International, Honeywell International, SRF Limited, The Chemours Company are some of the major key players.
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