Market Overview:
The global refrigerant leak detection system 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, industrial, and residential sectors. In addition, the growing awareness about environment-friendly refrigerants is also propelling the growth of this market. The global refrigerant leak detection system market can be segmented on the basis of type into handheld type and desktop type. The handheld type segment is expected to account for a larger share of the global market than the desktop type segment during the forecast period from 2018 to 2030. This can be attributed to its portability and ease of use. On the basis of application,the global refrigerator leak detection systemmarket can be divided into three segments: commercial sector, industrial sector, and residential sector.
Product Definition:
Refrigerant leak detection system is a device or equipment used to detect the presence and/or leakage of refrigerant in an air conditioning or refrigeration system. The importance of a refrigerant leak detection system is that it can prevent loss of valuable refrigerant, which could lead to decreased efficiency and increased energy consumption in the AC or refrigeration unit.
Handheld Type:
Handheld temperature guns are used to measure the refrigerant in refrigeration systems. They work on the principle of infrared radiation and an optical fiber that is attached to a probe inside the system. The data is then transferred to a PC where it can be analyzed by software, which provides information about possible leakages and other factors such as compressor age, hours since last run, etc.
The global handheld type market size was valued at USD 605 million in 2016.
Desktop Type:
The global desktop type market is expected to witness significant growth over the forecast period. The major factor that propels the growth of this market includes increasing demand for laptops and notebooks across the globe. In addition, growing technological advancements in terms of miniaturization also plays a vital role in driving the demand for desktop types over the next seven years.
Application Insights:
The commercial application segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing use of refrigerants for cooling and ventilation in data centers, IT companies, hospitals, educational institutes and other commercial buildings. These systems are also used in food processing plants, meat processing facilities and cold storage warehouses among others which require a high level of safety for their assets.
Refrigerant leak detection systems have been gaining popularity among residential as well as commercial users due to their ability to detect even minute leaks with ease while reducing maintenance costs and downtime.
Regional Analysis:
North America was the largest regional market in 2017 owing to the presence of a large number of industry players and well-established refrigerant leak detection system market. The region is expected to maintain its dominance over the forecast period as well. Europe is also likely to be one of the significant markets for these systems due to increasing cases of COVID-19 positive cases, which are triggering off demand for RLD systems in this region.
Asia Pacific is anticipated to witness substantial growth over the forecast period owing rising awareness about these systems among consumers and technicians, along with an increase in demand from developing countries such as China and India. Moreover, several multinational companies have their manufacturing facilities located across Asia Pacific that needs constant maintenance & repair services; thus, driving growth across this region during 2018 - 2030 time frame.
Growth Factors:
- Increasing demand for refrigerant leak detection systems from the automotive and transportation sector due to the increasing number of vehicles in use
- Growing awareness about the benefits of using refrigerant leak detection systems among consumers
- Stringent government regulations and norms pertaining to environmental safety and emissions that mandate the use of refrigerant leak detection systems in various industries
- Technological advancements that have led to the development of more sophisticated and efficient refrigerant leak detection systems
- The increasing popularity of green buildings, which require installation of refrigerant leak detection systems for energy efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
Refrigerant Leak Detection System Market Research Report
By Type
Handheld Type, Desktop Type
By Application
Commercial, Industrial, Resident
By Companies
Inficon, Robinair, Testo, Bacharach, Ritchie Engineering, AGPtek, CPS, Elitech, Fieldpiece Instruments
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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Refrigerant Leak Detection System Market Report Segments:
The global Refrigerant Leak Detection System market is segmented on the basis of:
Types
Handheld Type, Desktop Type
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, Resident
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
- Ritchie Engineering
- AGPtek
- CPS
- Elitech
- Fieldpiece Instruments
Highlights of The Refrigerant Leak Detection System 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:
- Handheld Type
- Desktop Type
- By Application:
- Commercial
- Industrial
- Resident
- 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 Detection System 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
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- 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?
A refrigerant leak detection system is a device that monitors the levels of refrigerants in a closed system. If the levels of refrigerants rise above safe limits, the device will activate to alert users and/or technicians.
Some of the major companies in the refrigerant leak detection system market are Inficon, Robinair, Testo, Bacharach, Ritchie Engineering, AGPtek, CPS, Elitech, Fieldpiece Instruments.
The refrigerant leak detection system 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 Detection System 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 Detection System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Refrigerant Leak Detection System 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 Detection System 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 Detection System Market Size & Forecast, 2020-2028
4.5.1 Refrigerant Leak Detection System Market Size and Y-o-Y Growth
4.5.2 Refrigerant Leak Detection System 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 Handheld Type
5.2.2 Desktop Type
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
6.2.3 Resident
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Refrigerant Leak Detection System 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 Detection System 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 Handheld Type
9.6.2 Desktop Type
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
9.10.3 Resident
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 Handheld Type
10.6.2 Desktop Type
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
10.10.3 Resident
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 Handheld Type
11.6.2 Desktop Type
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
11.10.3 Resident
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 Handheld Type
12.6.2 Desktop Type
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
12.10.3 Resident
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 Handheld Type
13.6.2 Desktop Type
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
13.10.3 Resident
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 Detection System Market: Competitive Dashboard
14.2 Global Refrigerant Leak Detection System 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 Ritchie Engineering
14.3.6 AGPtek
14.3.7 CPS
14.3.8 Elitech
14.3.9 Fieldpiece Instruments
