Published by top news
Posted on August 18, 2021
The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
The report offers actionable and valuable market insights of Centrifugal Chillers. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Centrifugal Chillers Market across various industries and regions.
To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=3054
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Centrifugal Chillers market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Centrifugal Chillers
This newly published and insightful report sheds light on Market Insights of Centrifugal Chillers, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Centrifugal Chillers Market.
The heating, ventilating, air-conditioning and refrigeration (HVACR) industry is making the steady shift towards low GWP refrigerants, with decisions influenced by an evolving regulatory climate. Fact.MR’s new study, which estimates the low GWP refrigerants market at US$ 18 billion, remains bullish on impressive growth of the low GWP refrigerants market.
Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=3054
According to Fact.MR’s study, penetration of hydrofluorocarbons (HFCs) continues to remain high despite growing research on its harmful impact on the environment. Taking into consideration the environmental impact of HFCs, regulations on its use have become stringent over the years. According to Fact.MR’s study, these factors are likely to provide an impetus to the growth of low GWP refrigerants market in the near future.
An increasing number of developed as well as developing countries are implementing a regulatory framework that puts a check on the production and use of HCFs. Initiatives such as the Montreal Protocol, European Union’s F-gas regulations, and the US Significant New Alternatives Policy (SNAP) program have been successful in curtailing the use of HCFs in a range of applications. The ripple effect of these initiatives and regulations has bolstered the case for low GWP refrigerants, according to Fact.MR.
Refrigerants are the workhorse of the HVACR industry and leading industry players are promoting the adoption of environmentally sound practices with the phase-out of some high GWP refrigerants. The exponentially growing HVACR industry is expected to remain the bedrock for the low GWP refrigerants market with a substantially high demand in refrigeration applications.
The Fact.MR study finds that the refrigeration applications of low GWP refrigerants accounted for a massive 63% share in the low GWP refrigerants market revenue, equaling over US$ 11.4 billion in 2018. As the adoption of environment-friendly alternatives to high GWP refrigerants is burgeoning in refrigeration applications, the Fact.MR study predicts that demand for low GWP refrigerants will continue to remain high in the foreseeable future.
However, leading manufacturers in the low GWP refrigerants market are increasing their focus on burgeoning demand for low GWP refrigerants in various other applications including chillers. Top-tiered stakeholders in the low GWP refrigerants market, such as The Chemours Company and Daikin Industries Ltd., recently declared their strategies to capitalize on rapidly growing needs for low GWP refrigerants in chillers along with air conditioning applications.
The European Union has stringent environmental policies, and it is manifested in the rapidly plummeting availability of high CWG HFCs in the European region. According to the summary of HFC phase down in Europe release by the Environmental Protection Agency, the HFC phase down was modest during 2015-2017, however, very steel down was observed in 2018 as the average volume of HFC available on the European market reduced to 63% of the 2015 amount.
Thereby, with the sharp decrease in HFC supply in 2018, there is potential for a significant refrigerant shortage in European markets. Leading players in the low GWP refrigerants market in Europe are aiming to capitalize on lucrative sales opportunities in the European Union by bolstering the production of low as well as ultra-low GWP refrigerants in the region.
The Fact.MR study also provides futuristic overview of growth of the low GWP refrigerants market for the forecast period 2019-2027, by thoroughly assessing the salient market dynamics. The study projects that the low GWP refrigerants market will grow 2x larger in terms of revenue to exceed US$ 38 billion by the end of the assessment period.
Based on the product types of low GWP refrigerants, the low GWP refrigerants market is segmented into three main sub-segments – inorganics, fluorocarbons, and hydrocarbons. Inorganics are further segmented into ammonia, carbon dioxide, sulfur dioxide, ethyl chloride, and methyl chloride.
Fluorocarbons are further classified into chlorofluorocarbons, hydro-chlorofluorocarbons, hydro-fluorocarbons, and hydro-fluoro olefin. Further, hydrocarbons are also segmented into propane, isobutane, and propylene.
Based on the applications of low GWP refrigerants, the low GWP refrigerants market is classified into three sub-segments – refrigeration, air conditioning, and chillers.
The refrigeration applications of low GWP refrigerants are further segmented into residential refrigeration, small self-contained refrigeration, large self-contained refrigeration, walk-in refrigeration, supermarket refrigeration, and transport and industrial refrigeration.
The air conditioning segment is further classified into three applications – residential air conditioning, commercial air conditioning, and mobile air conditioning. Chillers are further divided into two smaller applications of low GWP refrigerants – centrifugal chillers and scroll/screw chillers.
Based on the GWP indices of low GWP refrigerants, the low GWP refrigerants market is classified into three sub-segments – less than 150 GWP, 150 to 700 GWP, and more than 700 GWP. Based on regional prospects of the market, the low GWP refrigerants market is classified into North America, Latin America, Europe, Asia Pacific region excluding Japan (APEJ), Japan, and the Middle East & Africa (MEA).
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/3054
Key Question answered in the survey of Centrifugal Chillers market report:
More Valuable Insights on Centrifugal Chillers Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Centrifugal Chillers, Sales and Demand of Centrifugal Chillers, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
Read More Trending Reports of Fact.MR-
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com
The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
The report offers actionable and valuable market insights of Centrifugal Chillers. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Centrifugal Chillers Market across various industries and regions.
To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=3054
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Centrifugal Chillers market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Centrifugal Chillers
This newly published and insightful report sheds light on Market Insights of Centrifugal Chillers, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Centrifugal Chillers Market.
The heating, ventilating, air-conditioning and refrigeration (HVACR) industry is making the steady shift towards low GWP refrigerants, with decisions influenced by an evolving regulatory climate. Fact.MR’s new study, which estimates the low GWP refrigerants market at US$ 18 billion, remains bullish on impressive growth of the low GWP refrigerants market.
Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=3054
According to Fact.MR’s study, penetration of hydrofluorocarbons (HFCs) continues to remain high despite growing research on its harmful impact on the environment. Taking into consideration the environmental impact of HFCs, regulations on its use have become stringent over the years. According to Fact.MR’s study, these factors are likely to provide an impetus to the growth of low GWP refrigerants market in the near future.
An increasing number of developed as well as developing countries are implementing a regulatory framework that puts a check on the production and use of HCFs. Initiatives such as the Montreal Protocol, European Union’s F-gas regulations, and the US Significant New Alternatives Policy (SNAP) program have been successful in curtailing the use of HCFs in a range of applications. The ripple effect of these initiatives and regulations has bolstered the case for low GWP refrigerants, according to Fact.MR.
Refrigerants are the workhorse of the HVACR industry and leading industry players are promoting the adoption of environmentally sound practices with the phase-out of some high GWP refrigerants. The exponentially growing HVACR industry is expected to remain the bedrock for the low GWP refrigerants market with a substantially high demand in refrigeration applications.
The Fact.MR study finds that the refrigeration applications of low GWP refrigerants accounted for a massive 63% share in the low GWP refrigerants market revenue, equaling over US$ 11.4 billion in 2018. As the adoption of environment-friendly alternatives to high GWP refrigerants is burgeoning in refrigeration applications, the Fact.MR study predicts that demand for low GWP refrigerants will continue to remain high in the foreseeable future.
However, leading manufacturers in the low GWP refrigerants market are increasing their focus on burgeoning demand for low GWP refrigerants in various other applications including chillers. Top-tiered stakeholders in the low GWP refrigerants market, such as The Chemours Company and Daikin Industries Ltd., recently declared their strategies to capitalize on rapidly growing needs for low GWP refrigerants in chillers along with air conditioning applications.
The European Union has stringent environmental policies, and it is manifested in the rapidly plummeting availability of high CWG HFCs in the European region. According to the summary of HFC phase down in Europe release by the Environmental Protection Agency, the HFC phase down was modest during 2015-2017, however, very steel down was observed in 2018 as the average volume of HFC available on the European market reduced to 63% of the 2015 amount.
Thereby, with the sharp decrease in HFC supply in 2018, there is potential for a significant refrigerant shortage in European markets. Leading players in the low GWP refrigerants market in Europe are aiming to capitalize on lucrative sales opportunities in the European Union by bolstering the production of low as well as ultra-low GWP refrigerants in the region.
The Fact.MR study also provides futuristic overview of growth of the low GWP refrigerants market for the forecast period 2019-2027, by thoroughly assessing the salient market dynamics. The study projects that the low GWP refrigerants market will grow 2x larger in terms of revenue to exceed US$ 38 billion by the end of the assessment period.
Based on the product types of low GWP refrigerants, the low GWP refrigerants market is segmented into three main sub-segments – inorganics, fluorocarbons, and hydrocarbons. Inorganics are further segmented into ammonia, carbon dioxide, sulfur dioxide, ethyl chloride, and methyl chloride.
Fluorocarbons are further classified into chlorofluorocarbons, hydro-chlorofluorocarbons, hydro-fluorocarbons, and hydro-fluoro olefin. Further, hydrocarbons are also segmented into propane, isobutane, and propylene.
Based on the applications of low GWP refrigerants, the low GWP refrigerants market is classified into three sub-segments – refrigeration, air conditioning, and chillers.
The refrigeration applications of low GWP refrigerants are further segmented into residential refrigeration, small self-contained refrigeration, large self-contained refrigeration, walk-in refrigeration, supermarket refrigeration, and transport and industrial refrigeration.
The air conditioning segment is further classified into three applications – residential air conditioning, commercial air conditioning, and mobile air conditioning. Chillers are further divided into two smaller applications of low GWP refrigerants – centrifugal chillers and scroll/screw chillers.
Based on the GWP indices of low GWP refrigerants, the low GWP refrigerants market is classified into three sub-segments – less than 150 GWP, 150 to 700 GWP, and more than 700 GWP. Based on regional prospects of the market, the low GWP refrigerants market is classified into North America, Latin America, Europe, Asia Pacific region excluding Japan (APEJ), Japan, and the Middle East & Africa (MEA).
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/3054
Key Question answered in the survey of Centrifugal Chillers market report:
More Valuable Insights on Centrifugal Chillers Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Centrifugal Chillers, Sales and Demand of Centrifugal Chillers, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
Read More Trending Reports of Fact.MR-
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com
Explore more articles in the Research Reports category
