Market Overview:
The global refrigerant leak monitors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for refrigerants in various applications, such as commercial and industrial applications. In addition, the growing awareness about environmental concerns is also driving the demand for refrigerant leak monitors globally. The halide-based refrigerant leak monitors segment is expected to dominate the global market during the forecast period from 2018 to 2030. This segment accounted for a majority share of the global market in 2017 and is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030.
Product Definition:
Refrigerant leak monitors are devices used to detect the presence of a refrigerant leak in a system. They are often used as part of a preventive maintenance program, as they can help identify potential leaks before they become serious problems.
Halide:
Halide is a chemical compound of Sodium Iodide (NaI) andiodium. It is used in the production of infrared radiation detectors, gas sensors, flame retardants for polymers & textiles and as an electrolyte in lithium-ion batteries.
Electronic:
The refrigerant leak monitors market is expected to witness significant growth over the forecast period. The growth of this market can be attributed to rising concerns regarding energy efficiency and environmental safety coupled with increasing government regulations pertaining to HFC emissions.
Technological advancements in the field of wireless sensors have led to an increase in their application across several industries including chemical processing.
Application Insights:
The commercial application segment led the global refrigerant leak monitors market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to an increase in demand for air conditioning systems and refrigeration equipment across various end-use industries, such as healthcare, food & beverage, hospitality, retail etc. Furthermore, governments are taking initiatives to regulate these systems by adopting standards related to safety and performance that will drive product demand over the coming years.
For instance, European Commission (EC) has issued two Directives (2011/65/EU and 2013/36/EU) concerning installation requirements for air conditioning and ventilation in vehicles' passenger compartments which will help reduce human exposure to VOCs [volatile organic compounds] thereby improving health conditions among passengers travelling by bus or train with windows open on a long-distance journey.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017 owing to the high demand from residential and commercial sectors. The region is expected to maintain its lead throughout the forecast period due to increasing penetration of HVAC systems in new construction as well as renovation activities, which will drive product demand further. Europe is estimated to be the second-largest regional market on account of rising product adoption in automobile industry for leak detection and repair services, especially in Germany, France, Italy and U.K., among other countries. Asia Pacific is projected to register a lucrative CAGR during the forecast years dueKTV refrigerant leak detector repair service providers such as Modern Air Conditioning Corporation (MACA) are expanding their business across this region by introducing innovative products that can detect leaks even under extreme conditions such as low temperature or high humidity levels with an accuracy rate higher than 90%.
Growth Factors:
- Increasing demand for refrigerant leak monitors from the automotive industry as a result of stringent emission norms
- Growing demand for refrigerant leak monitors from the HVAC industry to prevent environmental damage
- Rising popularity of green buildings, which require efficient and effective refrigerant leak monitoring systems
- Proliferation of smart cities, which need advanced and intelligent Refrigerant Leak Monitors for better efficiency
- Technological advancements in Refrigerant Leak Monitors that offer enhanced performance and accuracy
Scope Of The Report
Report Attributes
Report Details
Report Title
Refrigerant Leak Monitors Market Research Report
By Type
Halide, Electronic
By Application
Commercial, Industrial
By Companies
Danfoss, Emerson, MSA, Bacharach, CAREL, Critical Environment Technologies, Manning Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Refrigerant Leak Monitors Market Report Segments:
The global Refrigerant Leak Monitors market is segmented on the basis of:
Types
Halide, Electronic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Danfoss
- Emerson
- MSA
- Bacharach
- CAREL
- Critical Environment Technologies
- Manning Systems
Highlights of The Refrigerant Leak Monitors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Halide
- Electronic
- By Application:
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Refrigerant Leak Monitors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Refrigerant leak monitors are devices that are used to detect the presence of refrigerant in a building. They can be used to identify when a refrigerant leak has occurred, and can help determine the extent of the damage.
Some of the major players in the refrigerant leak monitors market are Danfoss, Emerson, MSA, Bacharach, CAREL, Critical Environment Technologies, Manning Systems.
The refrigerant leak monitors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Refrigerant Leak Monitors Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Refrigerant Leak Monitors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Refrigerant Leak Monitors Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Refrigerant Leak Monitors Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Refrigerant Leak Monitors Market Size & Forecast, 2020-2028 4.5.1 Refrigerant Leak Monitors Market Size and Y-o-Y Growth 4.5.2 Refrigerant Leak Monitors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Halide
5.2.2 Electronic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refrigerant Leak Monitors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Refrigerant Leak Monitors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Halide
9.6.2 Electronic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Halide
10.6.2 Electronic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Halide
11.6.2 Electronic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Halide
12.6.2 Electronic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Halide
13.6.2 Electronic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Refrigerant Leak Monitors Market: Competitive Dashboard
14.2 Global Refrigerant Leak Monitors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Danfoss
14.3.2 Emerson
14.3.3 MSA
14.3.4 Bacharach
14.3.5 CAREL
14.3.6 Critical Environment Technologies
14.3.7 Manning Systems