Pune, India, April 18, 2019 -- /360iResearch/ -- The report "Global Green Cooling Technologies Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 22.68 billion in 2018 and is projected to reach USD 37.68 billion by 2025, growing at a CAGR of 7.52% from 2018 to 2025.
The major forces driving the growth of the green cooling technologies market include the phasing out of harmful greenhouse gases such as chlorofluorocarbons, hydro fluorocarbons, and halogens and initiatives and regulation such as the technology mechanism of the unfccc. Moreover, increasing acceptance and adoption of green cooling technologies such as by industries is also one of the factors that is driving the market growth. However certain factors such as the high initial cost for its installation may hinder the market growth. In the middle of difficulty lies opportunity such as the development of magnetic refrigerants cooling systems. The possible challenges for the market growth are. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on type, the global green cooling technologies market is studied across Commercial Refrigeration Chiller, Domestic refrigeration, Industrial Refrigeration, Mobile AC, Transport Refrigeration, and Unitary air conditioning. Based on application, the global green cooling technologies market is studied across Commercial, Industrial, and Residential. Based on geography, the global green cooling technologies market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the green cooling technologies market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Baltimore Aircoil Company, Bugard SAS, Chaturong Cooling Ltd., STAC Technology Aps, Secop GmbH, SolabCool BV, Solar Polar, The Fridge Factory, The Sure Chill Company, ThermoKey, Thermofin, Thermotar Ltda, Transfrig, Volta Air, Walton Hi Tech Industries Ltd., and ZIEGRA Eismaschinen GmbH.
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