India Refrigerant Market 2024-2030

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    INDIA REFRIGERANT MARKET

     

    INTRODUCTION

    The use of refrigerants has been gaining immense importance in India in the last few years. Refrigerants are used to reduce heat and increase cooling efficiency inside a passenger vehicle, As well as an air-conditioning unit in an industrial or residential setting.

     

    Many of the refrigerants utilized are CFCs (Chlorofluorocarbons) which were first synthesized in the 1800’s, Unfortunately due to their ozone-depleting properties they have been increasingly phased out by more environmentally friendly CO2 based refrigerants since 1990 through Montreal Protocol and HFC regulations both nationally and internationally.

     

    In recent years hydrocarbons (HCs) have also become popular organic gasses for cooling such as isobutane or propane.

     

    India is one of the most prominent markets for automotive air conditioning systems due to its massive population growth, lack of public transportation (e.g., train networks) and increasing middle class wealth fueling demand for comfort in vehicles on a historically uncommon level.

     

    For these reasons, regulatory bodies are taking extra measures to ensure that any Coolant Gas coming from Global manufacturers meet Indian Standards before entering market beyond just meeting International standards like those put forth by UNFCCC’s Kyoto Protocol & ISO 14001/18000 international standard management system.

     

    Manufacturers certified to export CFCs to India must be registered in India and have a certification of compliance issued by the Central Pollution Control Board (CPCB).

     

    The CPCB strictly monitors the manufacture, importation, or used of any CFC refrigerants throughout all sectors of society that require them like Industrial air conditioning systems, automotive air conditioning systems and used in medical applications.

     

    This ensures that these substances do not leak into the atmosphere resulting in contamination or harm to human health from increased ozone depletion.

     

    INDIA REFRIGERANT MARKET SIZE AND FORECAST

     

    Infographical: India Refrigerant Market, India Refrigerant MarketSize, India Refrigerant MarketTrends,  India Refrigerant MarketForecast, India Refrigerant MarketRisks, India Refrigerant MarketReport, India Refrigerant MarketShare

     

    The India refrigerant market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    INDIA REFRIGERANT MARKET RECENT DEVELOPMENT AND INNOVATION

    S No Company Name Development
    1 Danfoss To promote the development and use of low-GWP refrigerants in India, such as CO2 (R744) and other natural refrigerants, Danfoss has established a centre of excellence for green refrigerants at its facility in Chennai, India. 

    Danfoss actively promotes natural refrigerants and supports initiatives pertaining to energy efficiency, district energy systems, and other cooling technologies as a UN Sustainable Energy for All partner.

    2 Samsung The new DVM S2 Variable Refrigerant Flow (VRF) outdoor air conditioner from Samsung effectively and gently lowers the room’s ambient temperature without the need for wind. 

    It is designed to work in tandem with indoor air conditioning units. By dispersing air through 23,000 micro holes at a speed of 0.15 m/s, WindFree technology helps to create a still air environment by removing strong cold draughts.

    3 Mitsubishi Electric In order to provide natural refrigerants that satisfy regional demand and to increase production for a steady supply of products, Mitsubishi Electric is expediting the release of its high-performance, energy-efficient, and environmentally friendly products.

    As more people and businesses switch to energy-efficient and low-GWP refrigerants, there will likely be an increase in demand for newer models of air conditioning and refrigeration systems to replace outdated ones.

    4 Daikin With the refrigerant R-1234ze(E), Daikin introduced a new generation of inverter-driven screw chiller series that are both water- and air-cooled. 

    The TZ series air-cooled chiller range will be available with a cooling capacity ranging from 130 kW to 830 kW, while the VZ series water-cooled chiller range will be available with a cooling capacity ranging from 340 kW to 1600 kW.The use of R-1234ze(E) reduces the screw compressor chiller’s contribution to global warming.

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS OF INDIA REFRIGERANT MARKET

    1. How many refrigerants are manufactured per annum in India? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a India refrigerant and key vendor selection criteria
    3. Where is the refrigerant manufactured? What is the average margin per unit?
    4. Market share of India refrigerant market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture India refrigerant in-house
    6. key predictions for next 5 years in India refrigerant market
    7. Average B-2-B refrigerant market price in all segments
    8. Latest trends in refrigerant market, by every market segment
    9. The market size (both volume and value) of the refrigerant market in 2024-2030 and every year in between?
    10. Production breakup of refrigerant market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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