As the COVID-19 pandemic induced slowdown fades, sales of refrigerant recovery machines are anticipated to incline significant through 2021 and beyond, according to Fact.MR’s recently published findings.
Fact.MR- a market research and competitive intelligence provider- expects demand for refrigerant recovery machines will remain elevated, attributed to the constant need for repairing and maintaining refrigerators across residential and commercial establishments.This latest industry report covers global sales for refrigerant recovery machines from 2016-2020, and a market forecast for the forecast period 2021 to 2031.
Market Scenario
Refrigerant recovery machines have witnessed significant growth in recent years, both in developed and developing countries.As emission norms across key countries tighten, government authorities are mandating frequent inspection cycles for refrigerators. Periodic maintenance cycles are prompting industrial, commercial and residential establishments to deploy refrigerant recovery machines to separate refrigerants from cooling units.
Growth across the developing world is of high significance. Constant emissions of undesired pollutants amid extensive deployment of cooling systems is prompting industries to undertake regular check-ups of their refrigerators, which is inclining demand, particularly across heavily industrialized countries such as China, Japan, India and South Korea.
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Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections for Sales & Demand of Refrigerant Recovery Machine, its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies.
SWOT analysis has been performed in the Sales study to investigate the strengths, weaknesses, opportunities and threats of each player, both at global and regional levels.
Company share analysis is used to derive the size of the global Refrigerant Recovery Machine market. As well as a study of the revenues of companies for the last several years also provides the base for forecasting the market size and its Sales growth rate.
This study offers an overview of the existing market trends, metrics, drivers, and restrictions and also offers a point of view for important segments. The report also tracks product and services demand growth forecasts for the market.
There is also to the study approach a detailed segmental review. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.
The Key trends Analysis of Refrigerant Recovery Machine also provides dynamics that are responsible for influencing the future Sales and Demand of Refrigerant Recovery Machine market over the forecast period.
Segmentation
The market can be segmented on the basis of product type, method, material type, installation type and end use sector.
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On the basis of product type, refrigerant recovery machine can be segmented into
- Low pressure units (0.1hp to 0.75hp)
- Medium-pressure units (0.75hp to 3hp)
- High-pressure units (more than 3hp)
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On the basis of method, refrigerant recovery machine can be segmented into
- Liquid recovery
- Vapor recovery
- Pull recovery
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On the basis of material type, refrigerant recovery machine can be segmented into
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On the basis of installation type, refrigerant recovery machine can be segmented into
- Portable
- Onsite refrigerant recovery system
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On the basis of end use sector, refrigerant recovery machine can be segmented into
- Industrial
- Commercial
- Residential
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Geographically, the global market for the refrigerant recovery machine can be segmented into seven regions, namely
- North America
- Latin America
- Europe
- CIS & Russia
- APEJ
- Japan
- MEA.
The Refrigerant Recovery Machine Sales study analyzes crucial trends that are currently determining the growth of Refrigerant Recovery Machine Market.
Regional Overview
Refrigerant recovery machines have a strong foothold in developed regions such as Europe and North America due to the implementation of stringent regulations on curbing emissions from cooling systems.
The market in developing countries is expected to exhibit strong growth across the forecast period, showcasing strong demand across Latin America, APAC and MEA regions due to high population growth rate, climatic condition and increase in disposable income.
Also these regions are adapting to air condition norms followed by developed regions for maintaining the air quality standards.
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The report covers following Refrigerant Recovery Machine Market insights and assessment that are helpful for all participants involved in the Refrigerant Recovery Machine market:
- Data on recently introduced regulations and their impact on key industries and on demand in Refrigerant Recovery Machine
- Latest industry Analysis on Refrigerant Recovery Machine Market , with key analysis of market drivers, trends, and influencing factors
- Key trends Analysis of Refrigerant Recovery Machine market and changing consumer preferences in major industries.
- Changing Refrigerant Recovery Machine demand and consumption of diverse products
- Major trends underlining funding by key investors in numerous countries
- New investment opportunities in diverse technology and product or service types
- Comprehensive data and Competitive analysis of Refrigerant Recovery Machine major players
- Refrigerant Recovery Machine market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
- Refrigerant Recovery Machine demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
NOTE: Our team are studying Covid19 and its impact on the Sales growth of Refrigerant Recovery Machine market and where necessary we will consider the Covid-19 footmark for better analysis of the market Demand and industries outlook. Contact us cogently for more detailed information.
Further, the Refrigerant Recovery Machine market Survey report emphasizes the adoption pattern And Demand of Refrigerant Recovery Machine Market across various industries.
The Refrigerant Recovery Machine Sales study offers a comprehensive analysis on diverse features including production capacities, Refrigerant Recovery Machine demand, product developments, Refrigerant Recovery Machine revenue generation and Refrigerant Recovery Machine Market Outlook across the globe.
Competitive Landscape Analysis On Refrigerant Recovery Machine Market:
To provide decision-makers with credible insights on their competitive landscape, the Refrigerant Recovery Machine industry research report includes detailed market competitive landscape analysis.
The competitive landscape analysis for Refrigerant Recovery Machine Market includes detailed profiles of Tier 1, Tier 2, and Tier 3 players. The respective market share of Refrigerant Recovery Machine manufacturers is provided so business leaders can understand the market scenario.
List of the Leading Companies Profiled in the Refrigerant Recovery Machine Market are:
Key refrigerant recovery machine manufacturers in the global market are-
- Robert Bosch GmbH (Robinar)
- Appion Inc.
- INFICON
- Ritchie Engineering Inc.
- Fieldpiece Instruments, Inc.
- Mastercool Inc.
- Tektino Inc.
- REFCO Manufacturing Ltd.
- Wilhelmsen Holding ASA
- JB Industries
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.
It also includes projections using a suitable set of assumptions and methodologies.The market report provides analysis and information according to market segments such as geographies, product type, and application.
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Key Developments in the Refrigerant Recovery Machines Industry
In October 2020, Robinair introduced two new A/C recovery machines AC1234-4SL and 34988NI-SL with scale locks designed for the mobile service market. Their new mechanical scale lock technology removes the requirement to recalibrate the scale of the refrigerant after transporting great distances.
Both machines have a safe startup feature that prevents machines from starting abruptly. Additionally, the new machines have 12′ hoses, a lock-set reminder light, and tie-down points to ensure safe movement. Robinair’s patented automatic refrigerant refill feature keeps a user-selectable amount of refrigerant in the internal vessel and signals when to change the supply tank.
In the 34988NI-SL, load cells are used to measure the amount of oil removed from the air conditioning system, which will automatically add the correct amount of lubricant to the system.Furthermore, they are designed to service both standard and high-voltage vehicle A/C systems, the machine complies with SAE J2843 for service of R-1234yf refrigerant.
In November 2020, A-Gas has acquired the reclamation business of Safety Hi-Tech. This acquisition will enable A-Gas to expand its services in the Italian sub-region and to offer their products to a wider customer base.
This will widen their business horizon and utilize A-Gas’s expertise on a new customer base. On the other hand, the acquisition will allow Safety Hi-Tech to focus on their core business of fire protection.
After glancing through the report on global Refrigerant Recovery Machine market Demand, readers will get valuable insight into the following:
- What opportunity Trends and drivers await the market in the forthcoming years?
- Which of the regions are likely to offer plethora of opportunities for the global Refrigerant Recovery Machine market Demand?
- What are the emerging Sales revenue streams for the Refrigerant Recovery Machine market?
- What are the business models and technologies with disruptive potential?
- Precise Year-on-Year growth of the Refrigerant Recovery Machine market Share.
The Survey report highlights the growth factors and entry barriers for the key players and talks about the new trends emerging in the global Refrigerant Recovery Machine market. In addition to this, the study sheds light on changing market size, revenue growth, and share of important product segments. Analysts at Fact.MR give prominent data on recent technological developments and product developments in the Refrigerant Recovery Machine Demand during the assessment period.
A comprehensive estimate on Demand of Refrigerant Recovery Machine market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of Refrigerant Recovery Machine market during the forecast period. Price point comparison by region with global average price is also considered in the study.
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