Product Code: ETC4484005 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India natural refrigerants market import shipments demonstrated a robust growth trend with a notable CAGR from 2020 to 2024. The market's momentum accelerated further between 2023 and 2024, indicating a significant uptick in demand. Overall, the market expanded steadily, showcasing a positive trajectory during the period.
The natural refrigerants market in India has gained importance with the global shift towards eco-friendly and energy-efficient refrigeration solutions. Natural refrigerants, such as ammonia, carbon dioxide, and hydrocarbons, are used as alternatives to synthetic refrigerants known for their adverse environmental impacts. India refrigeration and air conditioning industry is adopting natural refrigerants to meet environmental regulations and reduce greenhouse gas emissions. As sustainability becomes a key focus, the market for natural refrigerants is expected to see significant growth in India.
The natural refrigerants market in India is growing due to environmental concerns and stricter regulations related to synthetic refrigerants. Natural refrigerants like CO2 and ammonia are eco-friendly and have become favored alternatives in refrigeration and air conditioning systems. The push for sustainability and reduced greenhouse gas emissions is a significant driver in this market.
The natural refrigerants market in India confronts challenges related to the adoption of environmentally friendly cooling solutions. Meeting the increasing demand for natural refrigerants like hydrocarbons and carbon dioxide while ensuring safety and efficiency is a technical challenge. Adherence to global protocols, such as the Kigali Amendment, and regulations concerning refrigerants is vital but complex. Developing suitable infrastructure and equipment compatible with natural refrigerants poses another challenge.
The India natural refrigerants market experienced disruptions during the pandemic due to reduced commercial and industrial activity. Lockdowns affected the installation and maintenance of refrigeration systems. However, the market also saw increased interest in eco-friendly and sustainable solutions, aligning with the growing emphasis on environmental conservation and a reduction in greenhouse gas emissions.
In India natural refrigerants market, significant players include The Linde Group, Honeywell International Inc., Daikin Industries Ltd., Danfoss, and Climalife. These companies are at the forefront of providing natural refrigerant solutions, particularly in response to environmental concerns, offering alternatives to traditional synthetic refrigerants.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Natural Refrigerants Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Natural Refrigerants Market Revenues & Volume, 2021 & 2031F |
3.3 India Natural Refrigerants Market - Industry Life Cycle |
3.4 India Natural Refrigerants Market - Porter's Five Forces |
3.5 India Natural Refrigerants Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Natural Refrigerants Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Natural Refrigerants Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about environmental issues and the need for sustainable solutions. |
4.2.2 Stringent government regulations promoting the use of natural refrigerants over synthetic ones. |
4.2.3 Growing demand for energy-efficient cooling solutions in various industries. |
4.3 Market Restraints |
4.3.1 High initial costs associated with the adoption of natural refrigerants. |
4.3.2 Limited availability and accessibility of natural refrigerants compared to synthetic alternatives. |
4.3.3 Lack of awareness and understanding among end-users about the benefits of natural refrigerants. |
5 India Natural Refrigerants Market Trends |
6 India Natural Refrigerants Market, By Types |
6.1 India Natural Refrigerants Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Natural Refrigerants Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Natural Refrigerants Market Revenues & Volume, By Ammonia, 2021-2031F |
6.1.4 India Natural Refrigerants Market Revenues & Volume, By Carbon dioxide, 2021-2031F |
6.1.5 India Natural Refrigerants Market Revenues & Volume, By Hydrocarbons , 2021-2031F |
6.1.6 India Natural Refrigerants Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Natural Refrigerants Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Natural Refrigerants Market Revenues & Volume, By Refrigeration Industrial, 2021-2031F |
6.2.3 India Natural Refrigerants Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 India Natural Refrigerants Market Revenues & Volume, By Domestic, 2021-2031F |
6.2.5 India Natural Refrigerants Market Revenues & Volume, By Air Conditioning Stationary , 2021-2031F |
6.2.6 India Natural Refrigerants Market Revenues & Volume, By Mobile, 2021-2031F |
6.2.7 India Natural Refrigerants Market Revenues & Volume, By Others, 2021-2031F |
7 India Natural Refrigerants Market Import-Export Trade Statistics |
7.1 India Natural Refrigerants Market Export to Major Countries |
7.2 India Natural Refrigerants Market Imports from Major Countries |
8 India Natural Refrigerants Market Key Performance Indicators |
8.1 Adoption rate of natural refrigerants by key industries in India. |
8.2 Number of government policies and regulations favoring the use of natural refrigerants. |
8.3 Investment in research and development of new natural refrigerant technologies. |
8.4 Energy efficiency improvements achieved through the use of natural refrigerants. |
8.5 Percentage reduction in greenhouse gas emissions attributed to the use of natural refrigerants. |
9 India Natural Refrigerants Market - Opportunity Assessment |
9.1 India Natural Refrigerants Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Natural Refrigerants Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Natural Refrigerants Market - Competitive Landscape |
10.1 India Natural Refrigerants Market Revenue Share, By Companies, 2024 |
10.2 India Natural Refrigerants Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |