New report published by QY Research which offers insights on the global Refrigerant Leak Detectors market. The Refrigerant Leak Detectors market has been experiencing steady growth graph since past years. In 2017 the global Refrigerant Leak Detectors market was valued at US$ 120 Million and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 150 Million growing at a value CAGR of 4.8% throughout the period of forecast.
Global Refrigerant Leak Detectors Marketby Type
Refrigerant Leak Detectors have become a crucial tool for many trade professionals. Basically any equipment that is used in air conditioning or for cooling / freezing contains a refrigerant that has the potential to escape from the coils and joints, so leak testing occurs during production of the equipment, installation (if applicable) and periodic maintenance checks throughout the life of the equipment.
There are two types of Refrigerant Leak Detectors including Infrared Refrigerant Leak Detector and Electronic Refrigerant Leak Detector. Innovative Infrared Technology Delivers Enhanced Sensitivity and Long Life, and Electronic Refrigerant Leak Detector is the ideal refrigerant leak detector for the light-to-medium duty user who demands reliable leak detection at a budget-friendly price.
Global Refrigerant Leak Detectors Market: Market Driver and Restraint
Refrigerant Leak Detectors is used in Resident, Commercial Field and Industrial Field.
Most residents use the Refrigerant Leak Detector. Commercial Field include some offices, public places etc. Automotive air conditioning industry and others would use Refrigerant Leak Detectors as well.
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Global Refrigerant Leak Detectors Market: Forecast by Region
United States, Europe and China are the regions that are included in this report. These three regions the dominant market in the global Refrigerant Leak Detectors market in terms of value. The China market is also expected to expand at a fast rate in terms of revenue over the forecast period due to the steadily increasing demand of electronic industry.
Global Refrigerant Leak Detectors Market: Key Players
Inficon, Robinair, Testo, Bacharach, Elitech Technology, Ritchie Engineering, AGPtek, CPS and Fieldpiece Instruments.
Refrigerant Leak Detector has become a crucial tool for many trade professionals. Basically any equipment that is used in air conditioning or for cooling / freezing contains a refrigerant that has the potential to escape from the coils and joints, so leak testing occurs during production of the equipment, installation (if applicable) and periodic maintenance checks throughout the life of the equipment.
At present, the manufactures of Refrigerant Leak Detectors are concentrated in North America, China, Europe, Japan, Southeast Asia, and India. Among them, North America, China and Europe play important roles. The global leading players in this market are Inficon, Robinair, Testo, Bacharach, Ritchie Engineering.
Despite the presence of competition problems, due to the increasing demand of freight industry, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
The Refrigerant Leak Detectors market has been experiencing steady growth graph since past years. In 2017 the global Refrigerant Leak Detectors market was valued at US$ 120 Million and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 150 Million growing at a value CAGR of 4.8% throughout the period of forecast.
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