Ammonia Refrigerant Market Forecast to 2028 - Covid-19 Impact and Global Analysis
MARKET INTRODUCTION
For decreasing the effect of global warming, several refrigerant types of CFC and HFC have witnessed a northward trend. However, The Ammonia Refrigerants has seen significant traction from the manufacturers because of its environmental pleasant properties compared to HFCs and CFCs. Industrial Installations are the leading markets for ammonia refrigerants. The cost-effective leaks detection and pipe installation are the key things that are anticipated to drive the market growth of ammonia refrigerants over the forecast period.
MARKET DYNAMICS
Since the last two centuries, the demand for CFC (Chloro fluro Carbons) and HFC (Hydro fluro carbons) refrigerants are used prevalently in several industrial and technological applications. However, rising consciousness about global warming effects the use of these HFC's and CFC's has come to an end. Numerous regulatory bodies such as the Copenhagen protocol, Montreal Protocol, and Kyoto protocol have phased out these refrigerants by making awareness of declining climatic conditions. But, ammonia refrigerants and so2, co2, other hydrocarbons like propane kind refrigerants have seen significant demand from manufacturing companies, during the forecast period. The ammonia refrigerant showcases zero Ozone Depletion Potential (ODP) and Global Warming Potential (GWP), which is why the refrigerant is significantly popular amongst companies operating in the refrigeration business.
MARKET SCOPE
The "Global Ammonia Refrigerant Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ammonia refrigerant with detailed market segmentation by product type, by source, by packaging type and by distribution channel. The global ammonia refrigerant market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ammonia refrigerant market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ammonia refrigerant market is segmented on the product type into vapour compression, refrigerator, cooling pipes, air conditioners, chillers, engine rooms, district cooling systems, and other products. On the basis of purity the ammonia refrigerant market is segmented into purity 99.8%, purity 99%. By application the ammonia refrigerant market is segmented into cold storage warehouses, super markets, poultries, industrial installation, commercial, heavy commercial refrigeration, transport refrigeration, households, automobiles, and other applications
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ammonia refrigerant market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ammonia refrigerant market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the ammonia refrigerant market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ammonia refrigerant market in these regions.
MARKET PLAYERS
The reports cover key developments in the ammonia refrigerant market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from ammonia refrigerant market are anticipated to lucrative growth opportunities in the future with the rising demand for ammonia refrigerant in the global market. Below mentioned is the list of few companies engaged in the ammonia refrigerant market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ammonia refrigerant market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Danfoss Group
- The Linde Group
- Sinochem Group
- Dehon Group
- National Refrigerants, Inc.
- Harp International Ltd.
- Amixo AB
- Hychill Australia
- Aurochem Laboratories (I) Pvt. Ltd.
- Brooktherm Refrigeration Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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