Guidehouse Insights Report Forecasts a 16% Compound Annual Growth Rate through 2030 for the Global HVAC Market Using Low Global Warming Potential Refrigerants
A new report from Guidehouse Insights analyzes the global HVAC market and plans to phase out high global warming potential (GWP) refrigerants, with global market forecasts extending through 2030.
- A new report from Guidehouse Insights analyzes the global HVAC market and plans to phase out high global warming potential (GWP) refrigerants, with global market forecasts extending through 2030.
- According to a new report from Guidehouse Insights, the global HVAC market using low GWP refrigerants is anticipated to be $34.1 billion in 2021, experiencing a compound annual growth rate (CAGR) of 16.2% from 2021 to 2030.
- Nevertheless, regulation and policy are expected to transform the HVAC market from high GWP refrigerant applications to low GWP refrigerant applications, creating substantial new market opportunities.
- The report, Low Global Warming Potential Refrigerants in HVAC , 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.