Scope of the Study
Refrigerant recovery systems are used in a variety of applications including restaurants, shopping malls, supermarkets, automobiles, air conditioning systems and in various other industries such as food & beverage, petrochemicals & marine industry. These machines are also used in removing refrigerants from refrigerating equipment which is accumulated into customized containers and recovery storage tanks for recycling and reuse. The vapor recovery method is one of the most commonly used refrigerant recovery systems. Utilization of refrigerant recovery systems before repairing and executing maintenance on air conditioners and refrigerators saves time as well as minimizes post-purchase maintenance cost. Continues technological advancements to manufacture and develop energy efficient refrigerant recovery systems.
The market study is being classified by Type (Portable Equipment and Onsite Equipment), by Application (Small Refrigerant Recovery Machine, Commercial Refrigerant Recovery Machine, Industrial Refrigerant Recovery Machine, Residential Refrigerant Recovery Machine and Explosion Proof Refrigerant Recovery Machine) and major geographies with country level break-up.
RefTec International Systems (United States), Nanjing East Precision Machinery Co. Ltd. (China), Bosch Automotive Service Solutions, LLC (United States), Appion Inc. (United States), INFICON (Switzerland), JB Industries (United States), Wilhelmsen Holding ASA (Norway), Ritchie Engineering Company (United States), REFCO Manufacturing (US) Inc. (United States) and Yao Chuan Enterprise Co. Ltd. (China) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Mellcon Engineers Pvt. Ltd. (India), Rothenberger Werkzeuge GmbH (Germany), Bacharach, Inc. (United States) and Filcar SpA (Italy).
The Manufacturers having a strong hold in the market are RefTec, Bosch Automotive Service Solutions, Appion Inc., INFICON. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Refrigerant Recovery System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Refrigerant Recovery System market by Type, Application and Region.
On the basis of geography, the market of Refrigerant Recovery System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation Type, the sub-segment i.e. Portable Equipment will boost the Refrigerant Recovery System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Range, the sub-segment i.e. Low-Pressure Units (0.1 hp to 0.75 hp) will boost the Refrigerant Recovery System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Method, the sub-segment i.e. Vapor Recovery Method will boost the Refrigerant Recovery System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Adoption of Air Conditioners Across the Globe
- Easy and Minimum Maintenance for Refrigerant Recovery Systems
- Increasing Adoption of Highly Energy-Efficient Refrigerant Recovery Systems
- Growing Requirement Minimal Tolerance Level in Building automation and HVAC System Development
- Comparatively Higher Initial Installation Cost
- Continues Technological Advancements in Commercial and Residential Refrigeration Market
- Introduction to User-Friendly Control Systems (featuring LCD touch screens) for Refrigerant Recovery System
- Stringent Government Regulations as well as Environmental Protection Acts
- Complexities in Designing Refrigerant Recovery Systems
Market Leaders and their expansionary development strategies
On January 12, 2017, a premier manufacturer of American made HVAC/R tools and equipment 'JB Industries' has partnered with FasTest, as a national distribution for the CoreMax product line. For nearly 15 years, FasTest has been manufacturing the revolutionary CoreMax access valve for refrigeration manufacturers, which allows for rapid evacuation and charging of HVAC/R units.
EPA regulations (40 CFR Part 82, Subpart F) under Section 608 of the Clean Air Act require that refrigerant recovery and recycling equipment be tested to ensure it meets EPA requirements. For most recovery and recycling equipment, these requirements are detailed in Appendix B2 to 40 CFR 82, Subpart F. Requirements for equipment manufactured or imported after January 1, 2017, are detailed in Appendix B3 (for non-flammable refrigerants) or Appendix B4 (for flammable refrigerants). These standards are based on the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) 740 test protocol.
Key Target AudienceRefrigerant Recovery System Manufacturers, Refrigerant Recovery System Distributors and Traders, Upstream and Downstream Buyers, Government Regulators, Research and Development Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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