Global Secondary Refrigerants Market, By Type (Salt Brines, Glycols, Carbon Dioxide, Others), By Application (Industrial Refrigeration, Heat Pumps, Commercial Refrigeration, Air Conditioning), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Secondary Refrigerants Market
The Global Secondary Refrigerants Market is expected to reach USD 798.16 million by 2025, from USD 445.3 million in 2017 growing at a CAGR of 7.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016. The base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Secondary Refrigerants Market
Secondary refrigerants are in the form of a fluid and are used to transfer heat from a substance being cooled to a heat exchanger, where the heat is absorbed by a primary refrigerant. Secondary refrigerant’s designdecreases the operating refrigerant charge and allows servicing of large area and cooling devices. According to The Japan Refrigeration and Air Conditioning Industry Association (JRAIA), in 2017, the demand for world air conditioner reached to USD 110.56 million with a rise of 8.1% as compared to his above factor proves that the market for air conditioner around the globe is growing and will drive the demand for secondary refrigerants.
- Low impact on the environment.
- Increase in demand for reduction in primary refrigerants charge
- Investment cost is high
- Use of secondary refrigerants in an indirect refrigeration system is expensive.
Segmentation: Global Secondary Refrigerants Market
- Salt Brines
- Calcium Chloride
- Potassium Formate
- Potassium Acetate
- Propylene Glycol
- Ethylene Glycol
- Carbon Dioxide
- Industrial Refrigeration
- Heat Pumps
- Commercial Refrigeration
- Air Conditioning
- North America
- South America
- Middle East & Africa
Competitive Landscape: Global Secondary Refrigerants Market
The global secondary refrigerants market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of secondary refrigerants market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Secondary Refrigerants Market
The key players operating in the global secondary refrigerants market are –
- The Linde Group
- The Dow Chemical Company
- Eastman Chemical Company
- Dynalene, Inc.
The other players in the market are Temper Technology AB, SRS Frigadon, hydratech-industries, Environmental Process Systems Inc., Hydratech, B.A.F, Gas Servei, Hillphoenix, Climalife Groupe Dehon, Trane, Nisso Shoji Co. Ltd., A-Gas, Tazzetti S.p.A, National Refrigerants Ltd., Clariant, Mitsubishi Chemical Holdings corporation, Hitachi Chemical Co., NEI Corporation, NICHIA CORPORATION, CHEMTEX SPECIALITY LTD, Nichia Corporation, Srs Frigadon and many more.
Research Methodology: Global Secondary Refrigerants Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global secondary refrigerants market
- Analyze and forecast the secondary refrigerants market on the basis of type and application
- Trends of key regional and country-level markets for type and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis