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In 2022, the worldwide market for natural refrigerants was estimated to be worth $1.55 billion. The market is expected to increase at a CAGR of 7.5% from USD $1.59 billion in 2023 to USD $2.49 billion by 2030.
Biochemical activities produce natural refrigerants. Some common natural refrigerants are ammonia, carbon dioxide (CO2), and hydrocarbons. Environmental worries may increase interest in the product. Because of their origins in natural processes, these goods are safer for the planet than traditional refrigerants. Man-made refrigerants are a major contributor to ozone depletion and climate change. They are a superior replacement for CFCs, HCFCs, and HFCs, and can be widely implemented because of their superior efficiency.
The key emphasis of the key companies in the market is expansion, both in terms of production capacity and distribution network. Significant efforts are also being put towards creating natural refrigerant variations with enhanced performance and utility. The elimination of HCFC and HFC refrigerants has prompted these changes, which has increased the need for natural alternatives.
The research discusses current market conditions as well as forecasts until 2020. The analysis of historical and current market patterns that may affect the future of the market is an integral part of the forecasting process. There is also a quantitative and qualitative breakdown of the natural refrigerants market according to product category, end-use, and geographic location. Information for this broad commercial study has been gathered from a wide variety of secondary sources, including directories, annual reports, white papers, and databases. Experts from relevant sectors and suppliers were interviewed for this study in order to collect and verify data and forecast trends and opportunities.
Cooling systems can employ natural refrigerants, which are compounds found in nature. Common examples of natural refrigerants are ammonia, hydrocarbon, carbon dioxide, and others. Biochemical processes using natural resources produce natural refrigerants. The need for natural refrigerants has grown as awareness of the dangers of manmade chemicals has spread. Ammonia, carbon dioxide, and hydrocarbons are all examples of natural refrigerants that are preferable to traditional refrigerants because of their low environmental impact.
Natural refrigerants are produced through natural biological and chemical cycles. Materials with zero or near-zero GWP and the ability to decrease energy, gas and water consumption include natural hydrocarbons, ammonia, carbon dioxide, water and air. Switching to natural refrigerants that are better for sustainable growth in the environment is one of the most effective strategies to reduce greenhouse gas emissions. The dangers that refrigerants pose to the ecosystem have only recently come to the fore. Since there are significant gaps in the cooling system, these fluids are actively depleting the ozone layer, amplifying the greenhouse effect, and adding to the root cause of global warming. Propane (R290), propylene (R1270), butane (R600), and isobutene (R600a) are the most used hydrocarbon refrigerants. In order to increase productivity without negatively impacting the environment, hydrocarbons can be employed as a long-term alternative for home air conditioning and heat pumping applications.
Synthetic refrigerants have been widely used in the refrigeration sector. Synthetic refrigerants such as hydrofluorocarbons (HFCs), chlorofluorocarbons (CFCs), and hydrochlorofluorocarbons (HCFCs) are widely used nowadays. Natural refrigerants degrade more quickly than their synthetic cousin because of their higher efficiency. They are not recommended for efficient household and business refrigeration. This is due to their high levels of toxicity, corrosion, pressure, combustibility, or inefficiency. Therefore, after much study and experimentation, the first synthetic refrigerants were born. At first, synthetic refrigerants outperformed natural ones because of technological constraints. Synthetic refrigerants offer the added benefit of stability when compared to their natural counterparts. The worldwide expansion of the market was significantly affected by these elements.
Report Coverage
Global Natural Refrigerants research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Natural Refrigerants report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Natural Refrigerants competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Natural Refrigerants market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Natural Refrigerants market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Natural Refrigerants market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
LG Electronics, Haier Group, Sony Corporation, Sichuan Changhong Electronics Co. Ltd., Samsung Electronics Co. Ltd., Koninklijke Philips N.V., Sharp Corporation, VIZIO Inc., Hisense Co., Ltd., Panasonic Corporation
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Natural Refrigerants market based on the below-mentioned segments:
Global Natural Refrigerants Market, By Type
Cable track cable
Torsion cables
Global Natural Refrigerants market, By Application
Commercial
Industrial
Domestic
Stationary conditioning
Mobile air conditioning
Global Natural Refrigerants market, Regional Analysis
Biochemical activities produce natural refrigerants. Some common natural refrigerants are ammonia, carbon dioxide (CO2), and hydrocarbons. Environmental worries may increase interest in the product. Because of their origins in natural processes, these goods are safer for the planet than traditional refrigerants. Man-made refrigerants are a major contributor to ozone depletion and climate change. They are a superior replacement for CFCs, HCFCs, and HFCs, and can be widely implemented because of their superior efficiency.
The key emphasis of the key companies in the market is expansion, both in terms of production capacity and distribution network. Significant efforts are also being put towards creating natural refrigerant variations with enhanced performance and utility. The elimination of HCFC and HFC refrigerants has prompted these changes, which has increased the need for natural alternatives.
The research discusses current market conditions as well as forecasts until 2020. The analysis of historical and current market patterns that may affect the future of the market is an integral part of the forecasting process. There is also a quantitative and qualitative breakdown of the natural refrigerants market according to product category, end-use, and geographic location. Information for this broad commercial study has been gathered from a wide variety of secondary sources, including directories, annual reports, white papers, and databases. Experts from relevant sectors and suppliers were interviewed for this study in order to collect and verify data and forecast trends and opportunities.
Cooling systems can employ natural refrigerants, which are compounds found in nature. Common examples of natural refrigerants are ammonia, hydrocarbon, carbon dioxide, and others. Biochemical processes using natural resources produce natural refrigerants. The need for natural refrigerants has grown as awareness of the dangers of manmade chemicals has spread. Ammonia, carbon dioxide, and hydrocarbons are all examples of natural refrigerants that are preferable to traditional refrigerants because of their low environmental impact.
Natural refrigerants are produced through natural biological and chemical cycles. Materials with zero or near-zero GWP and the ability to decrease energy, gas and water consumption include natural hydrocarbons, ammonia, carbon dioxide, water and air. Switching to natural refrigerants that are better for sustainable growth in the environment is one of the most effective strategies to reduce greenhouse gas emissions. The dangers that refrigerants pose to the ecosystem have only recently come to the fore. Since there are significant gaps in the cooling system, these fluids are actively depleting the ozone layer, amplifying the greenhouse effect, and adding to the root cause of global warming. Propane (R290), propylene (R1270), butane (R600), and isobutene (R600a) are the most used hydrocarbon refrigerants. In order to increase productivity without negatively impacting the environment, hydrocarbons can be employed as a long-term alternative for home air conditioning and heat pumping applications.
Synthetic refrigerants have been widely used in the refrigeration sector. Synthetic refrigerants such as hydrofluorocarbons (HFCs), chlorofluorocarbons (CFCs), and hydrochlorofluorocarbons (HCFCs) are widely used nowadays. Natural refrigerants degrade more quickly than their synthetic cousin because of their higher efficiency. They are not recommended for efficient household and business refrigeration. This is due to their high levels of toxicity, corrosion, pressure, combustibility, or inefficiency. Therefore, after much study and experimentation, the first synthetic refrigerants were born. At first, synthetic refrigerants outperformed natural ones because of technological constraints. Synthetic refrigerants offer the added benefit of stability when compared to their natural counterparts. The worldwide expansion of the market was significantly affected by these elements.
Report Coverage
Global Natural Refrigerants research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Natural Refrigerants report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Natural Refrigerants competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Natural Refrigerants market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | LG Electronics, Haier Group, Sony Corporation, Sichuan Changhong Electronics Co. Ltd., Samsung Electronics Co. Ltd., Koninklijke Philips N.V., Sharp Corporation, VIZIO Inc., Hisense Co., Ltd., Panasonic Corporation |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Natural Refrigerants Market from 2021 to 2030.
- Market Forecast for Natural Refrigerants Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Natural Refrigerants competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Natural Refrigerants
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Natural Refrigerants market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Natural Refrigerants market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
LG Electronics, Haier Group, Sony Corporation, Sichuan Changhong Electronics Co. Ltd., Samsung Electronics Co. Ltd., Koninklijke Philips N.V., Sharp Corporation, VIZIO Inc., Hisense Co., Ltd., Panasonic Corporation
Primary Target Market
- Market Players of Natural Refrigerants
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Natural Refrigerants market based on the below-mentioned segments:
Global Natural Refrigerants Market, By Type
Cable track cable
Torsion cables
Global Natural Refrigerants market, By Application
Commercial
Industrial
Domestic
Stationary conditioning
Mobile air conditioning
Global Natural Refrigerants market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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