TechNavio today launched its report, Global Aftermarket Refrigerant Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The increasing use of inorganic refrigerants is one of the emerging trends in the Global Aftermarket Refrigerant market. As a result of the increase in adverse effects from the use of hydrochlorofluorocarbon (HCFC), hydrofluorocarbon (HFC), and chlorofluorocarbon (CFC) refrigerants, the Environment Protection Agency (EPA) has passed stringent regulations in order to reduce the adoption of these refrigerants. The EPA supports refrigerant vendors that provide natural refrigerants (inorganic refrigerants) rather than halocarbon refrigerants. Natural refrigerants include mainly carbon dioxide (CO2), ammonia, sulfur dioxide, water, and air. Additionally, many end-users have begun to adopt natural refrigerants in order to reduce the environmental impact. Thus, as a result of the increase in adverse effects of halocarbon refrigerants, the share of natural refrigerants in the Global Aftermarket Refrigerant market is expected to increase by 2016.”
According to the report, the increase in production of refrigeration and cooling equipment is one of the major drivers in the Global Aftermarket Refrigerant market. Every piece of refrigeration and cooling equipment essentially requires refrigerants to perform the cooling function.
Further, the report reveals that the increase in regulations from the Environment Protection Agency (EPA) is one of the major challenges confronting the Global Aftermarket Refrigerant market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-aftermarket-refrigerant-market-2…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Aftermarket Refrigerant Market 2012-2016
