The secondary refrigerants market is projected to reach USD 710.7 million by 2022, at a CAGR of 7.3% between 2017 and 2022. Secondary refrigerants are used for transferring heat energy from one source to another. Secondary refrigerants carry heat from an object or a space being cooled to the primary refrigerant or the evaporator of a refrigeration system. Secondary refrigerants have low viscosity, high thermal conductivity, high volumetric heat capacity, low freezing point, non-corrosive, non-explosive, non-flammable, environment-friendly, non-toxic, enables a low-pressure drop in the system, good material compatibility, chemically stable, and have relatively lower cost. Secondary refrigerants are used in applications where any leakage of refrigerants is avoided and in large refrigeration units. Low impact of secondary refrigerants on the environmental, phasing out of HCFCs, CFCs, and HFCs refrigerant, and the rising demand for reduction in primary refrigerant charge is expected to drive the secondary refrigerant market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=198445739
Based on type, the secondary refrigerants market has been segmented into glycols, salt brines, carbon dioxide, and others. The carbon dioxide segment is estimated to grow at the highest rate during the forecast period, in terms of value. CO2 refrigerants are environment-friendly having zero ODP and minimal GWP. CO2 refrigerants have excellent thermodynamic properties, high-energy efficiency, are non-toxic, and non-flammable. These properties make them suitable for use in a range of applications such as industrial heat extraction, chilled warehousing, marine refrigeration, ice making, commercial refrigeration, and mobile air-conditioning.
Based on application, the secondary refrigerants market has been segmented into commercial refrigeration, industrial refrigeration, heat pumps, air conditioning, and others. The commercial refrigeration application segment is estimated to grow at the highest rate, in terms of both, value and volume, during the forecast period. The commercial refrigeration segment is a rapidly growing segment of the secondary refrigerants market, as it is characterized by high refrigerant leakage rate and high-energy consumption.
APAC is estimated to be the fastest-growing market for secondary refrigerants during the forecast period, in terms of value. The growth of cold chain infrastructure in countries such as China and India, the rising demand for low GWP and ODP refrigerants, the need to reduce refrigerant charge, and carbon emissions are some of the factors projected to propel the growth of the APAC secondary refrigerants market.
Request Sample report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=198445739
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Company Name: MarketsandMarkets
Contact Person: Mr. Sanjay Gupta
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062