By equipment

Toshiba announces R32 VRF

Toshiba has announced the launch of its new SHRM Advance VRF air conditioning system, specifically designed to be safely used with the lower GWP A2L refrigerant R32.

PHNIX R290 HeatMaster Series Heat Pump

PHNIX brings to the global stage R290 HeatMaster Series, which has many advantages such as low GWP, zero ozone layer damage and high efficiency, aiming to bring a more economical water heating solution to commercial projects and reduce carbon emission and curb global warming.

The global HVAC-R market to reach $257.9 billion in 2027

The global HVAC-R market was valued at $193.6 billion in 2021 and is projected to reach $257.9 billion in 2027, following a CAGR of 5% during the forecast period 2022-2027. The growth in the global HVAC-R market is expected to be driven by increasing population and rapid urbanization, drastic change in weather conditions, and emerging innovation in HVAC-R.

Global Refrigerants market to reach at USD 8.4 billion in 2027

Refrigerants market is expected to reach at USD 8.4 billion in 2027 at a CAGR of 6.2% during the forecast period. The most used natural refrigerants are ammonia, carbon dioxide, and HCs such as propane and isobutene. Technological advancements in cooling equipment are replacing traditional refrigerants such as HCFC and HFC with natural ones. This has increased the market share of natural refrigerants in applications such as air conditioning, refrigeration, and heating systems.