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Ammonia refrigerant market forecast to 2028

For decreasing the effects of global warming, several refrigerant types of CFC and HFC have witnessed a northward trend. However, ammonia refrigerant has seen significant traction from manufacturers because of its environmentally friendly properties compared to HFCs and CFCs.

Industrial installations are the leading markets for ammonia refrigerants. The cost-effective leak detection and pipe installation are the key things that are anticipated to drive the market growth of ammonia refrigerants over the forecast period.

Market dynamics

In the last two centuries, the demand for CFC (Chloro fluro Carbons) and HFC (Hydro fluro carbons) refrigerants were used prevalently in several industrial and technological applications.

However, with rising consciousness about global warming effects, the use of these HFCs and CFCs has come to an end. Numerous regulatory bodies such as the Copenhagen protocol, Montreal Protocol, and Kyoto protocol have phased out these refrigerants by making awareness of declining climatic conditions. But, ammonia refrigerants, CO₂, other hydrocarbons like propane have seen significant increases in demand.

The ammonia refrigerant showcases zero Ozone Depletion Potential (ODP) and Global Warming Potential (GWP), which is why the refrigerant is significantly popular amongst companies operating in the refrigeration sector.

Market scope

The ‘Global Ammonia Refrigerant Market Analysis to 2028’ is a specialised and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of ammonia refrigerant with detailed market segmentation by product type, by source, by packaging type and by distribution channel. The global ammonia refrigerant market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ammonia refrigerant market players and offers key trends and opportunities in the market.

Market segmentation

The global ammonia refrigerant market is segmented on the product type into vapour compression, refrigerator, cooling pipes, air conditioners, chillers, engine rooms, district cooling systems, and other products.

On the basis of purity, the ammonia refrigerant market is segmented into purity 99.8%, purity 99%. By application the ammonia refrigerant market is segmented into cold storage warehouses, supermarkets, poultries, industrial installation, commercial, heavy commercial refrigeration, transport refrigeration, households, automobiles, and other applications.

Regional framework

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ammonia refrigerant market based on various segments.

It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ammonia refrigerant market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyses factors affecting the ammonia refrigerant market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period – drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the ammonia refrigerant market in these regions.

Market players

Below mentioned is the list of few companies engaged in the ammonia refrigerant market. The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ammonia refrigerant market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.

  • Danfoss Group
  • The Linde Group
  • Sinochem Group
  • Dehon Group
  • National Refrigerants, Inc.
  • Harp International Ltd.
  • Amixo AB
  • Hychill Australia
  • Aurochem Laboratories (I) Pvt. Ltd.
  • Brooktherm Refrigeration Ltd.

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customisation options in the existing study.

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