Market Overview:
The global infrared refrigerant leak detector market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient appliances and rising awareness about safety and environment concerns. Based on type, the global infrared refrigerant leak detector market is segmented into CFC leak detectors, HFC leak detectors, HCFC leak detectors, and others. The CFC leakage detector segment is expected to hold the largest share of the global infrared refrigerant leak detector market in 2018 owing to its high efficiency and low price point as compared to other types of detectors available in the market. However, with increasing environmental concerns over ozone depletion potential (ODP) associated with use of chlorofluorocarbons (CFCs), their usage has been phased out globally starting from 2010 under Montreal Protocol agreement; this is anticipated to hamper growth of this segment over the forecast period. On basis of application, residential sector accounted for majority share in 2017 owing growing demand for energy-efficient appliances such as air conditioners & refrigerators across globe coupled with stringent government regulations mandating use these devices equipped with efficient leakage detection systems .
Product Definition:
An infrared refrigerant leak detector is a device that uses infrared radiation to detect the presence of refrigerant gas leaks. They are commonly used by HVAC technicians to find and fix leaks in air conditioning and refrigeration systems. Infrared detectors are very sensitive and can detect even small amounts of leaking refrigerant gas.
CFC Leak Detector:
CFC leak detector is a device used to detect the presence of hydrofluorocarbons (HFCs, HCFCs) and chlorofluorocarbons (CFCs) in various appliances. These detectors are available as handheld or portable instruments that can be used at home or in the field. CFC leak detector has applications across multiple industries including automotive, pharmaceutical, food & beverage processing and packaging among others.
HFC Leak Detector:
HFC leak detector is a device used to detect small HFC leaks in refrigerant systems. It works on the principle of infrared radiation and detection of heat given off by the refrigerant when it is released into the atmosphere. The technology was developed at Potsdam Institute for Climate Impact Research (PIK) by Dr. Hans-Joachim Schellnhuber, head of their climate department, and Prof. Dr.-Ing., Dipl.
Application Insights:
The commercial field segment led the global market and accounted for more than a 38% share of the overall revenue in 2017. The growth is attributed to an increase in demand for cold storage facilities, which require efficient cooling systems. Furthermore, rapid urbanization coupled with rising disposable income levels in developing countries such as India and China has resulted in increased construction of commercial buildings, which further drives product demand.
The residential application segment is expected to witness significant growth over the forecast period owing to increasing consumer spending on home appliances that offer energy efficiency along with improved living conditions. Moreover, growing concerns regarding environmental pollution have propelled people¢â‚¬â„¢s inclination towards refrigerants with lower emissions such as HFCs and HCFCs. This trend will drive industry expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of manufacturers coupled with increasing demand from residential, commercial and industrial applications is anticipated to drive growth. Rapid urbanization in emerging economies such as India and China has led to an increase in construction activities, which is further expected to boost product demand over the forecast period.
The European region accounted for more than 20% share of global revenue in 2017 owing to stringent government regulations regarding refrigerant usage coupled with high awareness among consumers related to energy efficiency. However, sluggish economic growth along with decelerating manufacturing sector may hinder industry expansion over the next eight years. North America also accounted for significant share due toward growing adoption by end-users including restaurants & hotels, healthcare facilities as well as food & beverage sectors across U.S.
Growth Factors:
- Increasing demand for energy-efficient appliances
- Growing awareness about the benefits of using infrared refrigerant leak detectors
- Rising number of construction projects and refurbishments
- Proliferation of online retail platforms that offer discounts on infrared refrigerant leak detectors
- Technological advancements that have led to the development of more sophisticated and accurate infrared refrigerant leak detectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Infrared Refrigerant Leak Detector Market Research Report
By Type
CFC Leak Detector, HFC Leak Detector, HCFC Leak Detector
By Application
Residential, Commercial Field, Industrial Field
By Companies
Inficon, Robinair, Testo, Bacharach, Elitech Technology, Ritchie Engineering, AGPtek, CPS, Fieldpiece Instruments, Inficon
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Infrared Refrigerant Leak Detector Market Report Segments:
The global Infrared Refrigerant Leak Detector market is segmented on the basis of:
Types
CFC Leak Detector, HFC Leak Detector, HCFC Leak Detector
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
Residential, Commercial Field, Industrial Field
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:
- Inficon
- Robinair
- Testo
- Bacharach
- Elitech Technology
- Ritchie Engineering
- AGPtek
- CPS
- Fieldpiece Instruments
- Inficon
Highlights of The Infrared Refrigerant Leak Detector 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:
- CFC Leak Detector
- HFC Leak Detector
- HCFC Leak Detector
- By Application:
- Residential
- Commercial Field
- Industrial Field
- 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 Infrared Refrigerant Leak Detector 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.
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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?
An infrared refrigerant leak detector is a device used to detect the presence of an infrared refrigerant leak. This type of detector is typically used in industrial and commercial settings where the use of infrared refrigerants is necessary.
Some of the key players operating in the infrared refrigerant leak detector market are Inficon, Robinair, Testo, Bacharach, Elitech Technology, Ritchie Engineering, AGPtek, CPS, Fieldpiece Instruments, Inficon.
The infrared refrigerant leak detector market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Infrared Refrigerant Leak Detector 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 Infrared Refrigerant Leak Detector Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Infrared Refrigerant Leak Detector 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 Infrared Refrigerant Leak Detector 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 Infrared Refrigerant Leak Detector Market Size & Forecast, 2020-2028 4.5.1 Infrared Refrigerant Leak Detector Market Size and Y-o-Y Growth 4.5.2 Infrared Refrigerant Leak Detector 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 CFC Leak Detector
5.2.2 HFC Leak Detector
5.2.3 HCFC Leak Detector
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 Residential
6.2.2 Commercial Field
6.2.3 Industrial Field
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Infrared Refrigerant Leak Detector 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 Infrared Refrigerant Leak Detector 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 CFC Leak Detector
9.6.2 HFC Leak Detector
9.6.3 HCFC Leak Detector
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 Residential
9.10.2 Commercial Field
9.10.3 Industrial Field
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 CFC Leak Detector
10.6.2 HFC Leak Detector
10.6.3 HCFC Leak Detector
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 Residential
10.10.2 Commercial Field
10.10.3 Industrial Field
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 CFC Leak Detector
11.6.2 HFC Leak Detector
11.6.3 HCFC Leak Detector
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 Residential
11.10.2 Commercial Field
11.10.3 Industrial Field
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 CFC Leak Detector
12.6.2 HFC Leak Detector
12.6.3 HCFC Leak Detector
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 Residential
12.10.2 Commercial Field
12.10.3 Industrial Field
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 CFC Leak Detector
13.6.2 HFC Leak Detector
13.6.3 HCFC Leak Detector
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 Residential
13.10.2 Commercial Field
13.10.3 Industrial Field
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 Infrared Refrigerant Leak Detector Market: Competitive Dashboard
14.2 Global Infrared Refrigerant Leak Detector Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Inficon
14.3.2 Robinair
14.3.3 Testo
14.3.4 Bacharach
14.3.5 Elitech Technology
14.3.6 Ritchie Engineering
14.3.7 AGPtek
14.3.8 CPS
14.3.9 Fieldpiece Instruments
14.3.10 Inficon