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.
The Secondary Refrigerants market research report covers detailed information about the key players who are involved in the market throughout the world. Apart from this, it even offers their market share through several regions along with the product introduction, organization and their position in the market. This Secondary Refrigerants market research report covers their marketing Strategies with on-going key development and business overview too. It embraces market growth driving factors as well as restraints of the market. Today’s organizations select the market research report solution, such as Secondary Refrigerants report since it lends a hand with the improved decision making and more revenue generation
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.
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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:
The key players operating in the global secondary refrigerants market are –
- The Linde Group
- The Dow Chemical Company
- Eastman Chemical Company
- Dynalene, Inc.
- Temper Technology AB,
- SRS Frigadon,
- Environmental Process Systems Inc.,
- Gas Servei,
- Climalife Groupe Dehon,
- Nisso Shoji Co. Ltd.,
- Tazzetti S.p.A,
- National Refrigerants Ltd.,
- NEI Corporation,
- NICHIA CORPORATION,
- CHEMTEX SPECIALITY LTD, Nichia Corporation, Srs Frigadon and many more.
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- 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.
- By Type
- By Application
- By Geography
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
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Key Questions Answered in Global Secondary Refrigerants Market Report:-
What will the market growth rate, Overview and Analysis by Type of Global Secondary Refrigerants Market in 2025?
What are the key factors driving, Analysis by Applications and Global Secondary Refrigerants Market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Secondary Refrigerants Market?
What are Opportunities, Risk and Driving Force of Global Secondary Refrigerants Market?
What are the opportunities and threats faced by the vendors in Global Secondary Refrigerants Market?
What are the Global Secondary Refrigerants Market opportunities, market risk and market overview of the Market?