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2Q 2021

Low Global Warming Potential Refrigerants in HVAC

Low Global Warming Potential Refrigerants in Commercial and Residential HVAC Applications: Market Analysis and Forecasts

Although the HVAC industry has a long history, technology and policy are never stagnant. The industry has been transforming toward sustainability. Recent international efforts and government regulations for phasing out existing high global warming potential (GWP) refrigerants have spurred demand for alternative refrigerants with low GWP. The GWP of gas represents its ability to trap extra heat in the atmosphere over time. Therefore, low GWP refrigerants have low GWP and are less harmful than high GWP substances in their global warming effects.

Market transformation from high GWP refrigerants to low GWP refrigerants in HVAC holds great potential for growth. Policy and regulation are primary market drivers leading the HVAC refrigerant transformation. Industry stakeholders such as chemical companies, component manufacturers, and HVAC system OEMs are driving the market forward by developing new refrigerants in addition to compressors and core HVAC components that run on new refrigerants and optimize HVAC systems. Industry players are actively involved in this market transformation to respond to policy changes and ensure that they do not fall behind in new markets formed by policy and regulation.

This Guidehouse Insights report analyzes the global HVAC market including international treaties and national regulations for phasing out high GWP refrigerants, current technology trends including new refrigerant development, and industry trends. Global market forecasts, broken down by segment and region, extend through 2030. The report also examines the key technologies related to applying new refrigerants with low GWP in HVAC.
Pages 49
Tables | Charts | Figures 38
  • What are the market drivers and barriers to the growth of low GWP refrigerant in HVAC application?
  • What are the geographical and policy trends driving the low GWP refrigerant in HVAC application market?
  • How will the demands of low GWP refrigerants in HVAC expect to shape the market in the coming years?
  • What are the key technology trends shaping low GWP refrigerants in HVAC application market?
  • What is the low GWP refrigerants in HVAC application market forecast?
  • What approach should stakeholders take to exploit the opportunities in the low GWP refrigerants in HVAC application market?
  • Regulators and policymakers
  • Global energy engineering firms
  • HVAC equipment manufacturers
  • Utilities
  • Investor community

1. Executive Summary

1.1   Introduction

1.2   Market Drivers and Barriers

1.3   Market Forecast

2. Market Trends

2.1   Introduction

2.2   HVAC Refrigerant Applications

2.2.1   Safety Class

2.3   Global Efforts to Phase Out HFCs

2.4   Market Drivers

2.4.1   Policy

2.4.1.1   North America

2.4.1.2   Europe

2.4.1.3   Asia Pacific

2.4.1.4   Rest of World

2.5   Market Barriers

2.5.1   Safety Issues

2.5.2   Lack of Comprehensive HVAC Regulations

2.5.3   Lengthy Processes for Safety Standards and Codes

2.5.4   Lengthy Process of Transforming Refrigerant Life Cycle

2.5.5   Lengthy Period for New Refrigerant Verification

2.5.6   Slow Speed of Technological Innovation

2.5.7   High Price of New Refrigerants

2.5.8   Lack of Education and Training

3. Technology Trends

3.1   Introduction

3.2   Residential HVAC

3.2.1   Central AC

3.2.2   Heat Pumps

3.2.3   Window RAC

3.2.4   Split RAC

3.3   Commercial HVAC

3.3.1   VRF (Heat Pump VRF and Non-Heat Pump VRF)

3.3.2   Chillers

3.3.3   Rooftop AC

3.4   Natural Refrigerants

4. Key Industry Players

4.1   Introduction

4.2   Chemical Companies

4.3   Compressor Manufacturers

4.4   HVAC System Manufacturers

5. Market Forecasts

5.1   Forecast Scope

5.2   Market Overview

5.3   North America

5.4   Europe

5.5   Asia Pacific

5.6   Rest of World

6. Conclusions and Recommendations

7. Acronym and Abbreviation List

9. Table of Charts and Figures

10. Scope of Study, Sources and Methodology, Notes

  • HVAC Equipment with Low GWP Refrigerants Revenue by Region, World Markets: 2021-2030
  • Residential HVAC Equipment with Low GWP Refrigerants Revenue by Region, World Markets: 2021-2030
  • Commercial HVAC Equipment with Low GWP Refrigerants Revenue by Region, World Markets: 2021-2030
  • Residential HVAC Equipment with Low GWP Refrigerants Revenue by Segment, North America: 2021-2030
  • Commercial HVAC Equipment with Low GWP Refrigerants Revenue by Segment, North America: 2021-2030
  • Residential HVAC Equipment with Low GWP Refrigerants Revenue by Segment, Europe: 2021-2030
  • Commercial HVAC Equipment with Low GWP Refrigerants Revenue by Segment, Europe: 2021-2030
  • Residential HVAC Equipment with Low GWP Refrigerants Revenue by Segment, Asia Pacific: 2021-2030
  • Commercial HVAC Equipment with Low GWP Refrigerants Revenue by Segment, Asia Pacific: 2021-2030
  • Residential HVAC Equipment with Low GWP Refrigerants Revenue by Segment, Rest of World: 2021-2030
  • Commercial HVAC Equipment with Low GWP Refrigerants Revenue by Segment, Rest of World: 2021-2030
  • Refrigerant Safety Classifications
  • HFC Action Status of US Climate Alliance Members
  • Refrigerant and Equipment Life Cycle
  • HVAC Equipment with Low GWP Refrigerants Revenue by Region, World Markets: 2021-2030
  • Residential HVAC Equipment with Low GWP Refrigerants Revenue by Region, World Markets: 2021-2030
  • Residential HVAC Equipment with Low GWP Refrigerants Revenue by Segment, World Markets: 2021-2030
  • Residential HVAC Equipment with Low GWP Refrigerants Revenue by Segment, North America: 2021-2030
  • Residential HVAC Equipment with Low GWP Refrigerants Revenue by Segment, Europe: 2021-2030
  • Residential HVAC Equipment with Low GWP Refrigerants Revenue by Segment, Asia Pacific: 2021-2030
  • Residential HVAC Equipment with Low GWP Refrigerants Revenue by Segment, Rest of World: 2021-2030
  • Commercial HVAC Equipment with Low GWP Refrigerants Revenue by Region, World Markets: 2021-2030
  • Commercial HVAC Equipment with Low GWP Refrigerants Revenue by Segment, World Markets: 2021-2030
  • Commercial HVAC Equipment with Low GWP Refrigerants Revenue by Segment, North America: 2021-2030
  • Commercial HVAC Equipment with Low GWP Refrigerants Revenue by Segment, Europe: 2021-2030
  • Commercial HVAC Equipment with Low GWP Refrigerants Revenue by Segment, Asia Pacific: 2021-2030
  • Commercial HVAC Equipment with Low GWP Refrigerants Revenue by Segment, Rest of World: 2021-2030
  • Refrigerant Properties Comparison
  • International Efforts to Regulate Refrigerants
  • Policy and Regulation to Reduce High GWP Refrigerants: North America
  • Policy and Regulation to Reduce High GWP Refrigerants: Europe
  • HFC Bans Affecting AC Equipment: F-Gas Regulations: EU
  • Policy and Regulation to Reduce High GWP Refrigerants: Asia Pacific
  • GWP Guide for AC Equipment: F-Gas Emissions Control Law: Japan
  • Natural Refrigerant Properties Comparison
  • Key Chemical Companies
  • Key Compressor Manufacturers
  • Key HVAC System Manufacturers
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