Market Research Report
Low Global Warming Potential Refrigerants in HVAC
|Low Global Warming Potential Refrigerants in HVAC|
Published: June 29, 2021
Guidehouse Insights (formerly Navigant Research)
Content info: 49 Pages; 38 Tables, Charts & Figures
Delivery time: 1-2 business days
Although the HVAC industry has a long history, technology and policy are never stagnant. The industry has been transforming toward sustainability. Recent international efforts and government regulations for phasing out existing high global warming potential (GWP) refrigerants have spurred demand for alternative refrigerants with low GWP. The GWP of gas represents its ability to trap extra heat in the atmosphere over time. Therefore, low GWP refrigerants have low GWP and are less harmful than high GWP substances in their global warming effects.
Market transformation from high GWP refrigerants to low GWP refrigerants in HVAC holds great potential for growth. Policy and regulation are primary market drivers leading the HVAC refrigerant transformation. Industry stakeholders such as chemical companies, component manufacturers, and HVAC system OEMs are driving the market forward by developing new refrigerants in addition to compressors and core HVAC components that run on new refrigerants and optimize HVAC systems. Industry players are actively involved in this market transformation to respond to policy changes and ensure that they do not fall behind in new markets formed by policy and regulation.
This ‘Guidehouse Insights report’ analyzes the global HVAC market including international treaties and national regulations for phasing out high GWP refrigerants, current technology trends including new refrigerant development, and industry trends. Global market forecasts, broken down by segment and region, extend through 2030. The report also examines the key technologies related to applying new refrigerants with low GWP in HVAC.