The global refrigerant monitoring system market accounted to US$ 375.0 Mn in 2018 and is expected to grow at a CAGR of 11.7% during the forecast period 2019 – 2027, to account to US$ 990.0 Mn by 2027.
Refrigerant monitoring system market is led by the North American region in 2018. The North American region includes the US, Canada, and Mexico. The uptake in the frozen food consumption across North America has had a direct impact on the growth of refrigerant monitoring system in the region. Also, the increased cold storage capacity of the region owing to huge demands from the consumers for frozen food, vegetable and dairy products has resulted in larger installations of the refrigeration system across North America, which in turn has led to adoption of refrigerant monitors. The usage of refrigerants in the food processing supply chain have reduced the losses caused due to wastage of the products, also it reduces the total cost of ownership in the entire supply chain. Energy efficiencies achieved in the cold storage industries due to the use of refrigerant monitors is another major driving factor for this market across North America.
Lucrative Regional Refrigerant Monitoring System Market
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Market Insights
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Rising Demand for Packaged Food Storage Capabilities Is Triggering the Market
The increase in consumption of packaged foods has also grown in the recent times attributing to the substantial increase in retail stores and departmental stores in the region. Owing to the increasing trend of packaged food consumption, several companies are emerging along with well-established companies in the region. The growth of food packaging companies in the region has simultaneously led the region to witness the growth of industrial refrigerators. This is due to the fact that; these industrial refrigerators are capable of maintaining temperatures that vary widely. In addition to temperature variation, these industrial refrigerators use Ammonia and CO2 in their volatile form or cascade form as the cooling agent or refrigerants, which is energy efficient and combination enhances the safety of the food production as well as food packaging and storing areas. Thus, the packaged processing and packaging, as well as storage capabilities, are the major factors triggering the growth of the market for industrial refrigerators in the current scenario. Also, as the market for industrial refrigerators is booming, it leads to increasing sales of refrigerant monitoring system for these refrigerators.
Lack of Skilled Personnel
The strain on labor capacity in HVACR industry globally is becoming increasingly well-known. The skilled trades shortage in the HVACR industry is a supply and demand issue, as the field is growing, it requires more skilled professionals. In 2018, The Bureau of Labor Statistics (BLS) of the US estimated that there was a shortage of technicians 70,000 in the HVACR, and the industry requires 115,000 new HVACR professionals to meet the demand within the coming four years. However, the association also projects the shrinkage of current working professionals of around 12,000 per year. The gas leaks are becoming more prevalent, and the factor contributing to this is direct indicators of lower quality in workmanship and lack of training to handle these systems.
Type Insights
The refrigerant monitoring system market on the basis of type is segmented into fixed and portable. In 2018, the fixed type segment held the largest share in the global refrigerant monitoring system market and it is anticipated to continue its dominance during the forecast period of 2019 to 2027.
Component Insights
The refrigerant monitoring system market based on component is sub-segmented into detector, monitor, controller, and others. The controller segment is expected to hold the prime market share in the refrigerant monitoring system market and it is anticipated to continue its dominance during the forecast period.
Application Insights
The refrigerant monitoring system market by application is further segmented into commercial and industrial. The commercial sector is expected to hold the lion’s share in the year 2018 and is expected to continue its dominance till 2027. The commercial refrigerant monitoring system is used in various applications including walk ins, warehouses, rooms, trucks, ultra-cold freezers, cryogenic freezers, heat blocks, and ovens.
Rest of APAC Refrigerant Monitoring System Market by Application
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Refrigerant Monitoring System Market: Strategic Insights
Market Size Value in US$ 375.0 Million in 2018 Market Size Value by US$ 990.0 Million by 2027 Growth rate CAGR of 11.7% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Refrigerant Monitoring System Market: Strategic Insights
Market Size Value in | US$ 375.0 Million in 2018 |
Market Size Value by | US$ 990.0 Million by 2027 |
Growth rate | CAGR of 11.7% from 2019-2027 |
Forecast Period | 2019-2027 |
Base Year | 2019 |
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Speak to AnalystMarket Initiatives was observed as the most adopted strategy in global refrigerant monitoring system market. Few of the recent market initiatives are listed below:
2019:Bacharach opened a new office in Dublin, Ireland to offer constant expansion as well as growth across Europe region. The new office will include a team of experts focused on sales, service, and training for refrigerant monitoring as well as leak detection instrumentation to service customers as well as partners across the region.
2018:Toshiba Carrier Corporation established Toshiba Carrier Air-Conditioning India Private Ltd., a joint venture with United Technologies Corporation, in Gurgaon, Haryana, India. Toshiba Carrier Air-Conditioning India will benefit from the manufacturing operations of Carrier Air-conditioning & Refrigeration Ltd., the Carrier entity in India. It is also expected to utilize the robust nationwide distribution network and existing sales force, striving to lead the fast-growing VRF segment in India.
2017:TQ Environmental launched a refrigerant leak detection sensor TQ31 and area alarm panel TQ32. TQ31 is a stand-alone, single-point refrigerant detector and alarm unit ideal for room monitoring. It is specifically designed to monitor for the buildup of refrigerant gases from air conditioning systems.
GLOBAL REFRIGERANT MONITORING SYSTEM MARKET SEGMENTATION
Global Refrigerant Monitoring System Market – By Component
- Detector
- Monitor
- Controller
- Others
Global Refrigerant Monitoring System Market – By Type
- Fixed
- Portable
Global Refrigerant Monitoring System Market – By Application
- Commercial
- Industrial
Global Refrigerant Monitoring System Market - By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- UAE
- Saudi Arabia
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Global Refrigerant Monitoring System Market - Company Profiles
- Air-Met Scientific Pty Ltd.
- AquaGas Pty Ltd.
- Bacharach Inc.
- Emerson Electric Co.
- Genesis International, Inc.
- Honeywell International Inc.
- LumaSense Technologies, Inc.
- Toshiba Carrier Corporation
- TQ Environmental Limited
- Trane (Ingersoll-Rand Plc)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component ; Type ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The growth of the refrigerant monitoring system market is primarily attributed to the rising demand for packaged food storage capabilities and growing cold chain logistics market. Moreover, the increase in the demand for refrigerant monitoring system in the pharmaceuticals industry in European and North American regions is boosting the market growth.
Combination of CO2 and Ammonia (NH3) as refrigerant provides opportunity for the market growth. The combination of CO2/NH3 and the benefits of this system is rapidly influencing the end users and thus, the adoption of this system significantly increasing across industries in the current scenario.
Fixed refrigerant monitoring system is the most widely used type for monitoring refrigerant leaks. These systems have capabilities that are designed to make the chiller easier for the end users and maintenance contractor to operate. These help reduce the cost of ongoing maintenance by automating checks under f-gas regulations.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Refrigerant Monitoring System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Refrigerant Monitoring System Market – North America PEST Analysis
4.2.2 Refrigerant Monitoring System Market – Europe PEST Analysis
4.2.3 Refrigerant Monitoring System Market – Asia-Pacific PEST Analysis
4.2.4 Refrigerant Monitoring System Market – Middle East & Africa PEST Analysis
4.2.5 Refrigerant Monitoring System Market – South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
4.5 Premium Insights
4.5.1 Safety Standards Related to Refrigeration
4.5.1.1 EN 378
4.5.1.2 ASHRAE Standard
4.5.1.3 CSA B52 : 2018 (12th edition of CSA B52)
4.5.2 Emission Reduction
4.5.2.1 EU 517/2014 (“F-Gas regulation”)
4.5.2.2 EPA regulations, Section 608
5. Refrigerant Monitoring System Market– Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rising Demand for Packaged Food Storage Capabilities Is Triggering the Market
5.1.2 Growing Pharmaceutical Industry in North America and Europe
5.1.3 Growing Cold Chain Logistics Market
5.2 Key Market Restraints
5.2.1 Lack of Skilled Personnel
5.3 Key Market Opportunities
5.3.1 Combination of CO2 and Ammonia (NH3) as Refrigerant
5.4 Future Trends
5.4.1 Significant Technological Innovations is Expected to Influence the End Users
5.5 Impact Analysis of Drivers and Restraints
6. Refrigerant Monitoring System Market – Global Market Analysis
6.1 Global Refrigerant Monitoring System Market Overview
6.2 Global Refrigerant Monitoring System Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Refrigerant Monitoring System Market Analysis – By Component
7.1 Overview
7.2 Refrigerant Monitoring System Market Breakdown, By Component, 2018 & 2027
7.3 DETECTOR
7.3.1 Overview
7.3.2 Detector Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Monitor
7.4.1 Overview
7.4.2 Monitor Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Controller
7.5.1 Overview
7.5.2 Controller Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Others
7.6.1 Overview
7.6.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
8. Refrigerant Monitoring System Market Analysis –Type
8.1 Overview
8.2 Refrigerant Monitoring System Market Breakdown, By Type, 2018 & 2027
8.3 Fixed
8.3.1 Overview
8.3.2 Fixed Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Portable
8.4.1 Overview
8.4.2 Portable Market Revenue and Forecasts to 2027 (US$ Mn)
9. Refrigerant Monitoring System Market Analysis – By Application
9.1 Overview
9.2 Refrigerant Monitoring System Market Breakdown, By Application, 2018 & 2027
9.3 Commercial
9.3.1 Overview
9.3.2 Commercial Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Industrial
9.4.1 Overview
9.4.2 Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
10. Refrigerant Monitoring System Market – Geographic Analysis
10.1 Overview
10.2 North America Refrigerant Monitoring System Market Revenue and Forecasts to 2027
10.2.1 North America Refrigerant Monitoring System Market Revenue and Forecasts to 2027
10.2.2 North America Refrigerant Monitoring System Market Breakdown By Component
10.2.3 North America Refrigerant Monitoring System Market Breakdown By Type
10.2.4 North America Refrigerant Monitoring System Market Breakdown By Application
10.2.5 North America Refrigerant Monitoring System Market Breakdown, by Key Countries
10.2.5.1 U.S. Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.5.1.1 U.S. Refrigerant Monitoring System Market Breakdown By Component
10.2.5.1.2 U.S. Refrigerant Monitoring System Market Breakdown By Type
10.2.5.1.3 U.S. Refrigerant Monitoring System Market Breakdown By Application
10.2.5.2 Canada Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.5.2.1 Canada Refrigerant Monitoring System Market Breakdown By Component
10.2.5.2.2 Canada Refrigerant Monitoring System Market Breakdown By Type
10.2.5.2.3 Canada Refrigerant Monitoring System Market Breakdown By Application
10.2.5.3 Mexico Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.5.3.1 Mexico Refrigerant Monitoring System Market Breakdown By Component
10.2.5.3.2 Mexico Refrigerant Monitoring System Market Breakdown By Type
10.2.5.3.3 Mexico Refrigerant Monitoring System Market Breakdown By Application
10.3 Europe Refrigerant Monitoring System Market Revenue and Forecast To 2027
10.3.1 Europe Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
10.3.2 Europe Refrigerant Monitoring System Market Breakdown, By Component
10.3.3 Europe Refrigerant Monitoring System Market Breakdown, By Type
10.3.4 Europe Refrigerant Monitoring System Market Breakdown, By Application
10.3.5 Europe Refrigerant Monitoring System Market Breakdown, By Country
10.3.5.1 France Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.1.1 France Refrigerant Monitoring System Market Breakdown, By Component
10.3.5.1.2 France Refrigerant Monitoring System Market Breakdown, By Type
10.3.5.1.3 France Refrigerant Monitoring System Market Breakdown, By Application
10.3.5.2 Germany Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.2.1 Germany Refrigerant Monitoring System Market Breakdown, By Component
10.3.5.2.2 Germany Refrigerant Monitoring System Market Breakdown, By Type
10.3.5.2.3 Germany Refrigerant Monitoring System Market Breakdown, By Application
10.3.5.3 Italy Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.3.1 Italy Refrigerant Monitoring System Market Breakdown, By Component
10.3.5.3.2 Italy Refrigerant Monitoring System Market Breakdown, By Type
10.3.5.3.3 Italy Refrigerant Monitoring System Market Breakdown, By Application
10.3.5.4 Russia Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.4.1 Russia Refrigerant Monitoring System Market Breakdown, By Component
10.3.5.4.2 Russia Refrigerant Monitoring System Market Breakdown, By Type
10.3.5.4.3 Russia Refrigerant Monitoring System Market Breakdown, By Application
10.3.5.5 UK Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.5.1 UK Refrigerant Monitoring System Market Breakdown, By Component
10.3.5.5.2 UK Refrigerant Monitoring System Market Breakdown, By Type
10.3.5.5.3 UK Refrigerant Monitoring System Market Breakdown, By Application
10.3.5.6 Rest of Europe Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.6.1 Rest of Europe Refrigerant Monitoring System Market Breakdown, By Component
10.3.5.6.2 Rest of Europe Refrigerant Monitoring System Market Breakdown, By Type
10.3.5.6.3 Rest of Europe Refrigerant Monitoring System Market Breakdown, By Application
10.4 APAC Refrigerant Monitoring System Market Revenue and Forecast To 2027
10.4.1 APAC Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
10.4.2 APAC Refrigerant Monitoring System Market Breakdown, By Component
10.4.3 APAC Refrigerant Monitoring System Market Breakdown, By Type
10.4.4 APAC Refrigerant Monitoring System Market Breakdown, By Application
10.4.5 APAC Refrigerant Monitoring System Market Breakdown, By Key Country
10.4.5.1 Australia Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
10.4.5.1.1 Australia Refrigerant Monitoring System Market Breakdown, By Component
10.4.5.1.2 Australia Refrigerant Monitoring System Market Breakdown, By Type
10.4.5.1.3 Australia Refrigerant Monitoring System Market Breakdown, By Application
10.4.5.2 China Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
10.4.5.2.1 China Refrigerant Monitoring System Market Breakdown, By Component
10.4.5.2.2 China Refrigerant Monitoring System Market Breakdown, By Type
10.4.5.2.3 China Refrigerant Monitoring System Market Breakdown, By Application
10.4.5.3 India Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
10.4.5.3.1 India Refrigerant Monitoring System Market Breakdown, By Component
10.4.5.3.2 India Refrigerant Monitoring System Market Breakdown, By Type
10.4.5.3.3 India Refrigerant Monitoring System Market Breakdown, By Application
10.4.5.4 Japan Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
10.4.5.4.1 Japan Refrigerant Monitoring System Market Breakdown, By Component
10.4.5.4.2 Japan Refrigerant Monitoring System Market Breakdown, By Type
10.4.5.4.3 Japan Refrigerant Monitoring System Market Breakdown, By Application
10.4.5.5 South Korea Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
10.4.5.5.1 South Korea Refrigerant Monitoring System Market Breakdown, By Component
10.4.5.5.2 South Korea Refrigerant Monitoring System Market Breakdown, By Type
10.4.5.5.3 South Korea Refrigerant Monitoring System Market Breakdown, By Application
10.4.5.6 Rest of APAC Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
10.4.5.6.1 Rest of APAC Refrigerant Monitoring System Market Breakdown, By Component
10.4.5.6.2 Rest of APAC Refrigerant Monitoring System Market Breakdown, By Type
10.4.5.6.3 Rest of APAC Refrigerant Monitoring System Market Breakdown, By Application
10.5 Middle East & Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027
10.5.1 Middle East & Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027
10.5.2 Middle East & Africa Refrigerant Monitoring System Market Breakdown By Component
10.5.3 Middle East & Africa Refrigerant Monitoring System Market Breakdown By Type
10.5.4 Middle East & Africa Refrigerant Monitoring System Market Breakdown By Application
10.5.5 Middle East & Africa Refrigerant Monitoring System Market Breakdown, by Key Countries
10.5.5.1 South Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
10.5.5.1.1 South Africa Refrigerant Monitoring System Market Breakdown By Component
10.5.5.1.2 South Africa Refrigerant Monitoring System Market Breakdown By Type
10.5.5.1.3 South Africa Refrigerant Monitoring System Market Breakdown By Application
10.5.5.2 Saudi Arabia Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
10.5.5.2.1 Saudi Arabia Refrigerant Monitoring System Market Breakdown By Component
10.5.5.2.2 Saudi Arabia Refrigerant Monitoring System Market Breakdown By Type
10.5.5.2.3 Saudi Arabia Refrigerant Monitoring System Market Breakdown By Application
10.5.5.3 UAE Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
10.5.5.3.1 UAE Refrigerant Monitoring System Market Breakdown By Component
10.5.5.3.2 UAE Refrigerant Monitoring System Market Breakdown By Type
10.5.5.3.3 UAE Refrigerant Monitoring System Market Breakdown By Application
10.5.5.4 Rest of Middle East & Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
10.5.5.4.1 Rest of Middle East & Africa Refrigerant Monitoring System Market Breakdown By Component
10.5.5.4.2 Rest of Middle East & Africa Refrigerant Monitoring System Market Breakdown By Type
10.5.5.4.3 Rest of Middle East & Africa Refrigerant Monitoring System Market Breakdown By Application
10.6 South America Refrigerant Monitoring System Market Revenue and Forecasts to 2027
10.6.1 South America Refrigerant Monitoring System Market Revenue and Forecasts to 2027
10.6.2 South America Refrigerant Monitoring System Market Breakdown By Component
10.6.3 South America Refrigerant Monitoring System Market Breakdown By Type
10.6.4 South America Refrigerant Monitoring System Market Breakdown By Application
10.6.5 South America Refrigerant Monitoring System Market Breakdown, by Key Countries
10.6.5.1 Brazil Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
10.6.5.1.1 Brazil Refrigerant Monitoring System Market Breakdown By Component
10.6.5.1.2 Brazil Refrigerant Monitoring System Market Breakdown By Type
10.6.5.1.3 Brazil Refrigerant Monitoring System Market Breakdown By Application
10.6.5.2 Argentina Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
10.6.5.2.1 Argentina Refrigerant Monitoring System Market Breakdown By Component
10.6.5.2.2 Argentina Refrigerant Monitoring System Market Breakdown By Type
10.6.5.2.3 Argentina Refrigerant Monitoring System Market Breakdown By Application
10.6.5.3 Rest of South America Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
10.6.5.3.1 Rest of South America Refrigerant Monitoring System Market Breakdown By Component
10.6.5.3.2 Rest of South America Refrigerant Monitoring System Market Breakdown By Type
10.6.5.3.3 Rest of South America Refrigerant Monitoring System Market Breakdown By Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Refrigerant Monitoring System Market – Company Profiles
12.1 Air-Met Scientific Pty Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Solutions
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 AquaGas Pty Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Solutions
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Bacharach Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Emerson Electric Co.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 GENESIS INTERNATIONAL, INC.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Solutions
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Honeywell International, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 LumaSense Technologies, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Solutions
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Trane (Ingersoll-Rand)
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Solutions
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 TQ ENVIRONMENTAL LTD
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Solutions
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Toshiba Carrier Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Solutions
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Global Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. North America Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 3. North America Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 4. North America Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 5. U.S. Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 6. U.S. Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 7. U.S. Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 8. Canada Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 9. Canada Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 10. Canada Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 11. Mexico Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 12. Mexico Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 13. Mexico Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 14. Europe Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 15. Europe Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 16. Europe Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 17. France Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 18. France Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 19. France Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 20. Germany Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 21. Germany Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 22. Germany Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 23. Italy Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 24. Italy Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 25. Italy Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 26. Russia Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 27. Russia Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 28. Russia Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 29. UK Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 30. UK Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 31. UK Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 32. Rest of Europe Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 33. Rest of Europe Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 34. Rest of Europe Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 35. APAC Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 36. APAC Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 37. APAC Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 38. Australia Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 39. Australia Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 40. Australia Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 41. China Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 42. China Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 43. China Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 44. India Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 45. India Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 46. India Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 47. Japan Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 48. Japan Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 49. Japan Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 50. South Korea Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 51. South Korea Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 52. South Korea Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 53. Rest of APAC Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 54. Rest of APAC Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Type (US$ Mn)
Table 55. Rest of APAC Refrigerant Monitoring System Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 56. Middle East & Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 57. Middle East & Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 58. Middle East & Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 59. South Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 60. South Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 61. South Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 62. Saudi Arabia Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 63. Saudi Arabia Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 64. Saudi Arabia Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 65. UAE Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 66. UAE Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 67. UAE Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 68. Rest of Middle East & Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 69. Rest of Middle East & Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 70. Rest of Middle East & Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 71. South America Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 72. South America Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 73. South America Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 74. Brazil Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 75. Brazil Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 76. Brazil Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 77. Argentina Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 78. Argentina Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 79. Argentina Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 80. Rest of South America Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 81. Rest of South America Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 82. Rest of South America Refrigerant Monitoring System Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 83. Glossary of Terms, Refrigerant Monitoring System Market
LIST OF FIGURES
Figure 1. Refrigerant Monitoring System Market Segmentation
Figure 2. Refrigerant Monitoring System Market Segmentation – By Geography
Figure 3. Refrigerant Monitoring System Market Overview
Figure 4. Refrigerant Monitoring System Market, By Region
Figure 5. Refrigerant Monitoring System Market, By Type
Figure 6. Refrigerant Monitoring System Market, By Component
Figure 7. North America – PEST Analysis
Figure 8. Europe- PEST Analysis
Figure 9. Asia-Pacific- PEST Analysis
Figure 10. Middle East & Africa- PEST Analysis
Figure 11. South America- PEST Analysis
Figure 12. Market Ecosystem Analysis
Figure 13. Refrigerant Monitoring System Market Impact Analysis of Drivers and Restraints
Figure 14. Global Refrigerant Monitoring System Market- Geographical Analysis
Figure 15. Global Refrigerant Monitoring System Market Forecast and Analysis, (US$ Mn)
Figure 16. Refrigerant Monitoring System Market Breakdown, By Component, 2018 & 2027 (%)
Figure 17. Global Detector Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Global Monitor Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Global Controller Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Global Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Refrigerant Monitoring System Market Breakdown, By Type, 2018 & 2027 (%)
Figure 22. Global Fixed Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. Global Portable Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. Refrigerant Monitoring System Market Breakdown, By Application, 2018 & 2027 (%)
Figure 25. Global Commercial Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. Global Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. Refrigerant Monitoring System Market, Global Breakdown, by Regions, 2018 & 2027 (%)
Figure 28. North America Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. North America Refrigerant Monitoring System Market Breakdown, By Component, 2018 & 2027 (%)
Figure 30. North America Refrigerant Monitoring System Market Breakdown By Type, 2018 & 2027 (%)
Figure 31. North America Refrigerant Monitoring System Market Breakdown By Application, 2018 & 2027 (%)
Figure 32. North America Refrigerant Monitoring System Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 33. U.S. Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 34. Canada Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 35. Mexico Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 36. Europe Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 37. Europe Refrigerant Monitoring System Market Breakdown, By Component, 2018 & 2027 (%)
Figure 38. Europe Refrigerant Monitoring System Market Breakdown, By Type, 2018 & 2027 (%)
Figure 39. Europe Refrigerant Monitoring System Market Breakdown, By Application, 2018 & 2027 (%)
Figure 40. Europe Refrigerant Monitoring System Market Breakdown, By Country, 2018 & 2027(%)
Figure 41. France Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 42. Germany Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 43. Italy Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 44. Russia Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 45. UK Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 46. Rest of Europe Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 47. APAC Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 48. APAC Refrigerant Monitoring System Market Breakdown, By Component, 2018 & 2027 (%)
Figure 49. APAC Refrigerant Monitoring System Market Breakdown, By Type, 2018 & 2027 (%)
Figure 50. APAC Refrigerant Monitoring System Market Breakdown, By Application, 2018 & 2027 (%)
Figure 51. APAC Refrigerant Monitoring System Market Breakdown, By Key Country, 2018 & 2027(%)
Figure 52. Australia Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 53. China Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 54. India Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 55. Japan Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 56. South Korea Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 57. Rest of APAC Refrigerant Monitoring System Market Revenue and Forecast to 2027 (US$ Mn)
Figure 58. Middle East & Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 59. Middle East & Africa Refrigerant Monitoring System Market Breakdown, By Component, 2018 & 2027 (%)
Figure 60. Middle East & Africa Refrigerant Monitoring System Market Breakdown By Type, 2018 & 2027 (%)
Figure 61. Middle East & Africa Refrigerant Monitoring System Market Breakdown By Application, 2018 & 2027 (%)
Figure 62. Middle East & Africa Refrigerant Monitoring System Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 63. South Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 64. Saudi Arabia Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 65. UAE Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 66. Rest of Middle East & Africa Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 67. South America Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 68. South America Refrigerant Monitoring System Market Breakdown, By Component, 2018 & 2027 (%)
Figure 69. South America Refrigerant Monitoring System Market Breakdown By Type, 2018 & 2027 (%)
Figure 70. South America Refrigerant Monitoring System Market Breakdown By Application, 2018 & 2027 (%)
Figure 71. South America Refrigerant Monitoring System Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 72. Brazil Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 73. Argentina Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 74. Rest of South America Refrigerant Monitoring System Market Revenue and Forecasts to 2027 (US$ Mn)
The List of Companies
- Air-Met Scientific Pty Ltd.
- AquaGas Pty Ltd.
- Bacharach Inc.
- Emerson Electric Co.
- Genesis International, Inc.
- Honeywell International Inc.
- LumaSense Technologies, Inc.
- Toshiba Carrier Corporation
- TQ Environmental Limited
- Trane (Ingersoll-Rand Plc)
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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