Low GWP Refrigerants Market is estimated to be US$ 60.03 billion by 2030 with a CAGR of 11.50% during the forecast period.
Low GWP Refrigerants Market accounted for US$ 20.18 billion in 2020 and is estimated to be US$ 60.03 billion by 2030 and is anticipated to register a CAGR of 11.50%. A refrigerant used in the refrigeration cycle is a working fluid of air conditioning systems and heat pumps where in most cases they undergo a repeated phase transition from a liquid to a gas and back again. Refrigerants are heavily regulated due to their toxicity, flammability and the contribution of CFC and HCFC refrigerants to ozone depletion and that of HFC refrigerants to climate change. They act as a heat carrier which changes gas to liquid and back to gas in refrigeration cycle. One of the most common commercial refrigerants is chlorofluorocarbons or CFCs because they have high ozone damaging potential. Ammonia, Sulphur dioxide and non-halogenated hydrocarbons are other refrigerants which are used in other applications. Refrigerants have favourable thermodynamics properties are free from toxicity and flammability. Some of the most common low GWP refrigerants include carbon dioxide, ammonia, hydrofluoroolefins, and hydrocarbons.
To know the upcoming trends and insights prevalent in this market, click the link below:
https://www.prophecymarketinsights.com/market_insight/Global-Low-GWP-Refrigerants-Market-1081
Low GWP Refrigerants Market accounted for US$ 20.18 billion in 2020 and is estimated to be US$ 60.03 billion by 2030 and is anticipated to register a CAGR of 11.50%. A refrigerant used in the refrigeration cycle is a working fluid of air conditioning systems and heat pumps where in most cases they undergo a repeated phase transition from a liquid to a gas and back again. Refrigerants are heavily regulated due to their toxicity, flammability and the contribution of CFC and HCFC refrigerants to ozone depletion and that of HFC refrigerants to climate change. They act as a heat carrier which changes gas to liquid and back to gas in refrigeration cycle. One of the most common commercial refrigerants is chlorofluorocarbons or CFCs because they have high ozone damaging potential. Ammonia, Sulphur dioxide and non-halogenated hydrocarbons are other refrigerants which are used in other applications. Refrigerants have favourable thermodynamics properties are free from toxicity and flammability. Some of the most common low GWP refrigerants include carbon dioxide, ammonia, hydrofluoroolefins, and hydrocarbons.
To know the upcoming trends and insights prevalent in this market, click the link below:
https://www.prophecymarketinsights.com/market_insight/Global-Low-GWP-Refrigerants-Market-1081
Low GWP Refrigerants Market is estimated to be US$ 60.03 billion by 2030 with a CAGR of 11.50% during the forecast period.
Low GWP Refrigerants Market accounted for US$ 20.18 billion in 2020 and is estimated to be US$ 60.03 billion by 2030 and is anticipated to register a CAGR of 11.50%. A refrigerant used in the refrigeration cycle is a working fluid of air conditioning systems and heat pumps where in most cases they undergo a repeated phase transition from a liquid to a gas and back again. Refrigerants are heavily regulated due to their toxicity, flammability and the contribution of CFC and HCFC refrigerants to ozone depletion and that of HFC refrigerants to climate change. They act as a heat carrier which changes gas to liquid and back to gas in refrigeration cycle. One of the most common commercial refrigerants is chlorofluorocarbons or CFCs because they have high ozone damaging potential. Ammonia, Sulphur dioxide and non-halogenated hydrocarbons are other refrigerants which are used in other applications. Refrigerants have favourable thermodynamics properties are free from toxicity and flammability. Some of the most common low GWP refrigerants include carbon dioxide, ammonia, hydrofluoroolefins, and hydrocarbons.
To know the upcoming trends and insights prevalent in this market, click the link below:
https://www.prophecymarketinsights.com/market_insight/Global-Low-GWP-Refrigerants-Market-1081
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