About Green Cooling Technologies
Green cooling technologies uses the equipment which has maximum energy efficiency and uses natural refrigerant. This equipment reduces the environmental impact, protects environment and resource, and supports the use of renewable energy. The refrigerants used in refrigeration and air conditioning are halogenated paraffin hydrocarbon which is known as chlorofluorocarbons which pose a threat to environment. However, the natural refrigerants include CO2, ammonia, hydrocarbons, air and water. These technologies reduce the environmental impact.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Green Cooling Technologies market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DPAC UK Ltd. (United Kingdom), Taco, Inc. (United States), AHT Cooling Systems GmbH. (Austria), Cooltech Applications (France), InvenSor GmbH. (Germany), Efficient Energy GmbH. (Germany), Green Technology Systems (United States), Carel Industries S.p.a. (Spain), Godrej & Boyce Mfg. Co. Ltd. (India) and Industrial Solar GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Johnson Controls (United States), Secop GmbH (Germany) and The Fridge Factory (South Africa).
Segmentation Overview
AMA Research has segmented the market of Global Green Cooling Technologies market by , Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of Green Cooling Technologies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End use, the sub-segment i.e. Mobile air conditioning will boost the Green Cooling Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Refrigerants, the sub-segment i.e. CO2 will boost the Green Cooling Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Green Cooling Technologies
Market Growth Drivers:
Emissions of Greenhouse Gases Such as Hydro Fluorocarbons, Chlorofluorocarbons is Leading to Usage of Green Cooling Technology and Increasing Urban Population is Fueling the Market Growth
Challenges:
Lack of Awareness about the Green Cooling Technologies
Restraints:
High Initial Installation Costs of Green Cooling Technologies may hamper the Market
Opportunities:
Improvement in Commercial and Industrial Eco System and Initiatives by Governments to Deploy Least Climate Harming Technologies
Market Leaders and their expansionary development strategies
In November 2018, Carel group has acquired share capital of Recuperator SpA, which is an Italian company active in the design, production and consumption of "air-to-air" heat exchangers.
In June 2023, Kenya’s Ministry of Environment, Climate Change, and Forestry officially launched the National Cooling Action Plan for Kenya (NCAP). Since 2018, CLASP has worked closely with government agencies and key stakeholders to develop the Plan that will guide sustainable cooling solutions in the country through 2027.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.