The global Refrigerant Market was valued at $21.3Billion in 2018 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2026, culminating in 2026 global sales of $30.8Billion.
a refrigerant is a fluid used for heat transfer in a refrigerating system that releases heat during condensation at a region of higher temperature and presser and absorbs heat during evaporation from the region of low temperature and presser. The refrigerant is the classification of primary refrigerant and secondary refrigerant. A primary refrigerant is that fluid that are used by direct as working fluids. That is an example of vapor absorption and vapor compression. Secondary refrigerant those liquids that are used for transporting thermal energy from one location to other. Today refrigerant is predominately from a group of compounds called specifically fluorocarbons or halogenated hydrocarbons.
“Optimal Price Point (OPP) for Refrigerant”
Estimated Average device/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Refrigerant materials are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Refrigerant Market by “key product categories”
We have segmented the Refrigerant based on key product categories Fluorocarbon, Hydrocarbon, Inorganic.
We have observed the significant growth of Refrigerant market by fluorocarbon product categories which dominates the market in terms of revenue&Fluorocarbon used for synthetic polymers, oils, and greases, refrigerants, coolants, propellants, etc. fluorocarbon combined are fluorine and carbon. We have observed the significant growth of refrigerant by hydrocarbon which is anticipated to grow during the forecast period.
Refrigerant Market by “Application”
We have segmented the Refrigerant market based on an application are Industrial Refrigeration, Domestic Refrigeration, Transport Refrigeration, Commercial Refrigeration, Stationary Air Conditioning, Chillers & Heat Pumps, Mobile Air Conditioning.
We have observed the significant growth of Refrigerant market by air conditioning application which dominates the market in terms of revenue.Air conditioning use for shopping malls, airports, theaters, hotels, large building, etc. this central air conditioning plants or the system. Air conditioning is the process of altering the properties of air to more favorable conditions.Air conditioning is control of this condition may be desirable to maintain the confront and health of the occupants or to meet the requirement of industrial process irrespective of the internal climatic conditions. It is a different type of air conditioning that is packaging air-condition system, centralized air-conditioning system, split air-condition system, and window air condition system.
China, India, and Japan accounted for the maximum revenue share of over xx% in 2018 due to increased demand of Refrigerant materials followed by EU- Top 5 countries contribute $X.6 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The rapid growth of transportation and Industry regarding air conditioning and availability of Cooling materials in Commercial, Industrial, and Domestic Transportation create an impact in developing countries for the demand of Advance technology in the cooling system.
“Competitive Landscape” and“Merger & Acquisition Insights”
The key market participants include Key Innovators, Air Liquide, SRF Limited, Asahi Glass Corporation, Sinochem Group, Mexichem, Daikin Industries Limited, The Linde Group, The Chemours Company, Honeywell International Inc.are few major players in a Refrigerant market. The Refrigerant market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Refrigerant Market by key product categories (Revenue, Million, 2018 – 2026)
Refrigerant Market by application (Revenue, Million, 2018 – 2026)
- Industrial Refrigeration
- Domestic Refrigeration
- Transport Refrigeration
- Commercial Refrigeration
- Stationary Air Conditioning
- Chillers & Heat Pumps
- Mobile Air Conditioning
Refrigerant Market Regional Outlook (Revenue, USD Million, 2018- 2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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