The global refrigerant market size is expected to reach USD 30.37 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.3% during the forecast period. Development of eco-friendly alternatives, as a result of environmental policies aimed at ozone depletion and GHG emissions, is a key factor driving market growth.
Regulations across EU, Japan, China, and U.S. have prompted consumers to shift toward hydrocarbon and inorganic refrigerants, with its demand predicted to increase drastically over the forecast period. The fluorocarbons segment accounted for over 50% of the overall consumption in 2016.
Global renewable energy market is influenced by increase in demand from growing population that provokes them to search for alternative source of energy. However, governments in many developed countries are encouraging the application of non-depleting resources. The Renewable Energy Directive set European framework for promoting renewable energy consumption. This framework has targeted 20% share of renewable energy in the European energy market by 2020. This report provides in-depth intelligence about key regulation and guideline assigned for renewable energy consumption. This report provides market intelligence of key strategies adopted by key companies.
Renewable energy is a non-depleting source of natural energy such as hydro energy, geothermal energy, wind energy, solar energy and waste biomass energy. Renewable energy market is driven by increase in demand for non-renewable depleting source of energy such as petroleum, coal, and natural gas. The market is also driven by increase in awareness about environmental safety and security. Global renewable energy market is influenced by cost of investment for the infrastructural setup.
Market estimations in this report are based on primary and secondary data collected that provide market intelligence for taking developmental decisions
The report provides for in-depth understanding of the market scenarios in various geographic regions so that key players can make plans to explore opportunities in specific regions