Jul 8, 2022   SOURCE: BusinessWire

Worldwide Natural Refrigerant Industry to 2028 - by Refrigerant Type, Application and Region - ResearchAndMarkets.com

The "Global Natural Refrigerant Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The global natural refrigerant market is anticipated to grow at a substantial CAGR of 12.8% during the forecast period.

Growing concern about global warming and other environmental issues are the major factor driving the growth of the global natural refrigerant market. Natural refrigerants, such as ammonia, carbon dioxide, propane, ethane and N-butane are derived from natural resources and are hence more environmentally friendly than conventional refrigerants.

These natural refrigerants make no or only a minor contribution to global warming (Global Warming Potential), as compared to conventional refrigerants. These refrigerants have very low impact on the environment in regards to ozone depletion and global warming on the other hand artificial refrigerants cause heavy toll on ozone layer and escalate global warming.

Due to this efficiency of natural refrigerants, they can be successfully adopted as an alternative for CFC's, HCFC's and HFC's. Growing concerns about environment have created the potential demand and has increased the need for natural refrigerants. However, Factors that restrain the market include strict rules and regulations, regular choices of refrigerant, less awareness within individuals in the developing nations, and so on.

Global natural refrigerant market is segmented on the basis of, refrigerant type, and application. Based on the refrigerant type, the market is segmented into inorganic refrigerants and hydrocarbon refrigerant. Further, the inorganic refrigerant market has been classified into carbon dioxide, ammonia, water and others.

The hydro carbons refrigerant has been further segmented into ethane, propane, n-Butane and others. Based on, the application the market is sub-segmented into refrigeration, and air-conditioning. The above two applications are further segmented into domestic, commercial, transportation and industrial applications. The above-mentioned segments can be customized as per the requirements.

On the basis of refrigerant type, the carbon dioxide is projected to hold considerable share of the global natural refrigerants market owing to its wide use in commercial applications due to ease of handling. Carbon Dioxide (CO2) is one of the most efficient refrigerants attributable to its heat exchange, low pumping power, and ability to operate with low condensing pressure during colder months with zero ODP and a GWP of 1. Natural refrigerants have low operating cost and are more effective than conventional refrigerants which are making them more favorable among HVAC manufacturers.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is anticipated to carter fastest growth in the global natural refrigerant market after North America owing to rising cold chain market and high rate of natural refrigerant adoption by end-users in the region. The cold chain sector in India is experiencing the development and use of low-GWP refrigerants including CO2 (R744) and other natural refrigerants. In 2021, Danfoss Industries launched a new center of excellence for green refrigerants at its facility in Chennai, India, to encourage the sustainable development and to accelerate green transformation of India's cold chain sector.

The Report Covers

  • Comprehensive research methodology of the global natural refrigerant market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the global natural refrigerant market.
  • Insights about market determinants that are stimulating the global natural refrigerant market.
  • Detailed and extensive market segments with the regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.

Key Topics Covered:

1. Report Summary

2. Market Overview and Insights

3. Competitive Landscape

3.1. Key Company Analysis

3.2. A-Gas International Ltd.

3.2.1. Overview

3.2.2. Financial Analysis

3.2.3. SWOT Analysis

3.2.4. Recent Developments

3.3. CAREL Industries S.p.A.

3.3.1. Overview

3.3.2. Financial Analysis

3.3.3. SWOT Analysis

3.3.4. Recent Developments

3.4. Danfoss

3.4.1. Overview

3.4.2. Financial Analysis

3.4.3. SWOT Analysis

3.4.4. Recent Developments

3.5. GTS SPA

3.5.1. Overview

3.5.2. Financial Analysis

3.5.3. SWOT Analysis

3.5.4. Recent Developments

3.6. Harp International Ltd.

3.6.1. Overview

3.6.2. Financial Analysis

3.6.3. SWOT Analysis

3.6.4. Recent Developments

3.7. Key Strategy Analysis

3.8. Impact of Covid-19 on Key Players

4. Market Segmentation

4.1. Global Natural Refrigerant Market by Refrigerant Type

4.2. Global Natural Refrigerant Market by Application

5. Regional Analysis

6. Company Profiles

6.1. Airgas, Inc

6.2. Ajay Air Products Pvt. Ltd.

6.3. Alfa Laval

6.4. Dorin S.p.A.

6.5. Energy Recovery, Inc.

6.6. engas Australasia

6.7. Evonik Industries AG

6.8. GEA Group Aktiengesellschaft

6.9. HyChill Australia

6.10. Intergas Heating Ltd

6.11. Johnson Controls, Inc.

6.12. Natural Refrigerants Co.

6.13. Nidec Global Appliance

6.14. PuyangZhongwei Fine Chemical Co.,Ltd

6.15. Secop GmbH

6.16. Shandong Yuean New Material Co., Ltd.

6.17. TazzettiS.p.A. ("Tazzetti")

6.18. TEKO Gesellschaft fur KaltetechnikmbH

6.19. Temprite Company

6.20. True Manufacturing Co., Inc.

6.21. Lindeplc

For more information about this report visit https://www.researchandmarkets.com/r/xd1pwb.