Malaysia Refrigerant Market 2023-2030

MALAYSIA REFRIGERANT MARKET

INTRODUCTION

 The Department of Environment, which is part of the Ministry of Environment and Water, oversees the use of refrigerants in Malaysia.The laws of Malaysia are intended to safeguard public safety, preserve the environment, and adhere to conventions and guidelines established by other nations concerning ozone depletion and climate change.

Due to their detrimental effects on the ozone layer, hydrochlorofluorocarbons and chlorofluorocarbons are being phased out of use in Malaysia and many other nations.R-22 and other commonly used HCFC refrigerants are being phased out in favor of more environmentally friendly substitutes.

In Malaysia, hydrofluorocarbons are frequently employed as CFC and HCFC replacements. The HFC refrigerants R-134a, R-404A, and R-410A are often utilized.However, due to their high global warming potential (GWP), Malaysia is also taking action to restrict the usage of HFCs.

Because they have less of an influence on the environment, natural refrigerants are also encouraged in Malaysia. Ammonia, carbon dioxide (R-744) and hydrocarbons like propane (R-290) and isobutane (R-600a) are examples of natural refrigerants that are becoming more and more common.

In comparison to synthetic refrigerants, these refrigerants have a decreased or zero ozone depletion potential and a much lower GWP.

It is crucial for people and businesses to check the rules established by the Department of Environment and any applicable industry standards or recommendations to guarantee compliance with refrigerant restrictions in Malaysia.

Refrigerants must be handled, stored, and disposed of properly to reduce their negative environmental effects and guarantee the safety of both technicians and the general public.

MALAYSIA REFRIGERANT MARKET SIZE AND FORECAST

The Malaysia refrigerant market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

The brand-new variable refrigerant flow  XCT7 cooling system for commercial structures and spaces was launched by Carrier Malaysia. Carrier Malaysia wants to provide Malaysian businesses and small and medium-sized organizations (SMEs) with the appropriate cooling solutions despite the ease of regulations and return-to-office (RTO) policies.

Carrier Global Corporation (NYSE: CARR), the top provider of healthy, safe, sustainable, and intelligent building solutions, includes Carrier Malaysia.  The brand-new VRF XCT7 cooling system from Carrier is appropriate for mid-sized buildings, hotels, schools, offices, and retail spaces.

This most recent development from Carrier can accommodate various usage patterns for various rooms while retaining the beauty of the building and maximizing operational effectiveness. 

COMPANY PROFILE

• Carrier Malaysia
• Emerson
•  Mayekawa
•  BITZER
• EVAPCO
• Johnson Controls

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many refrigerant are manufactured per annum in Malaysia? Who are the sub-component suppliers in this region?
2. Cost breakup of a Malaysia refrigerant and key vendor selection criteria
3. Where is the Malaysia refrigerant manufactured? What is the average margin per unit?
4. Market share of Malaysia refrigerant market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture  Malaysia refrigerant in-house
6. key predictions for next 5 years in Malaysia 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 2023-2030 and every year in between?
10. Production breakup of refrigerant market, by suppliers and their OEM relationship