North America Low GWP Refrigerants Market (2024-2030) | Share, Revenue, Forecast, Size, Trends, Outlook, Analysis, Growth, Companies, Value & Industry

North America Low GWP Refrigerants Market Highlights

Report Name	North America Low GWP Refrigerants Market
Forecast period	2024-2030
CAGR	11.2%
Growing Sector	Commercial Sector

Topics Covered in North America Low GWP Refrigerants Market

The North America Low GWP Refrigerants Market Report thoroughly covers the market by Countries, Type and Application. The North America Low GWP Refrigerants Market Outlook report provides an unbiased and detailed analysis of the ongoing North America Low GWP Refrigerants market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.

North America Low GWP Refrigerants Market Synopsis

The North America Low GWP Refrigerants market is predicted to experience substantial growth driven by the increasing awareness and regulatory mandates for environmentally friendly refrigerants. The market growth is stimulated by the increasing need for refrigeration and air conditioning in various sectors.

According to 6Wresearch, The North America Low GWP Refrigerants Market size is projected to grow at a CARG of 11.2% during 2024-2030. The rising pressure to reduce global warming, compliance with the new regulations, and the advance of new technologies are driving the market growth.Industries across sectors are embracing green practices, sustainable manufacturing processes, carbon footprint reduction goals, and corporate sustainability initiatives, driving the demand for low GWP refrigerants as part of their environmental strategy.

Despite the growing need for Low GWP Refrigerants in North America, the market faces challenges such as ensuring compatibility of low GWP refrigerants with existing equipment, maintaining system performance efficiency, addressing lubricant issues, and managing operational pressures present challenges in the transition to alternative refrigerants with lower environmental impact.

North America Low GWP Refrigerants Market: Key Players

The North America Low GWP Refrigerants Market is experiencing significant growth, with key players like BASF, Honeywell, Arkema, Chemours and Linde. They focus on innovative products and environmentally friendly strategies to strengthen their market positions.

Government Policy of the Market

Government initiatives promoting refrigerant management, leak reduction, recycling, reclamation, and responsible handling practices are essential in minimizing refrigerant emissions, protecting the environment, and ensuring the proper disposal of refrigerants at end-of-life. These programs support the transition to low GWP options and sustainable refrigeration practices.Tax incentives, rebates, grants, and financial incentives provided by governments at the federal, state, and local levels encourage businesses and consumers to invest in energy-efficient, low GWP refrigeration technologies. These initiatives promote market adoption, innovation, and sustainability in the refrigerants sector.

Future Insights of the Market

The market will witness a continued shift towards low GWP refrigerants, such as natural refrigerants, hydrocarbons, and HFO blends, driven by regulatory pressures, environmental concerns, and the phasing out of high GWP substances like HFCs.Increasing emphasis on energy efficiency, system performance optimization, and sustainable cooling technologies will drive the adoption of low GWP refrigerants that offer superior thermodynamic properties, reduced carbon footprint, and enhanced operational efficiency.

Market Segmentation By Countries

According to Countries, the "United States" and "Canada" segments are witnessing rapid growth due to the increasing awareness about environmental issues and regulatory pressure.

Market Segmentation By Type

The "Inorganics" segment contribute to the market, driven by their high thermodynamic properties, energy efficiency, and heat transfer capabilities, offering optimal performance in industrial, commercial, and large-scale refrigeration systems.

Market Segmentation By Application

 The "Commercial Refrigeration" segment are growing due to stringent regulations and phase-out schedules for high GWP refrigerants in commercial refrigeration systems are driving the adoption of low GWP alternatives to meet environmental goals and comply with regulatory standards.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• North America Low GWP Refrigerants Market Outlook
• Market Size of North America Low GWP Refrigerants Market, 2023
• Forecast of North America Low GWP Refrigerants Market, 2030
• Historical Data and Forecast of North America Low GWP Refrigerants Revenues & Volume for the Period 2020 - 2030
• North America Low GWP Refrigerants Market Trend Evolution
• North America Low GWP Refrigerants Market Drivers and Challenges
• North America Low GWP Refrigerants Price Trends
• North America Low GWP Refrigerants Porter's Five Forces
• North America Low GWP Refrigerants Industry Life Cycle
• Historical Data and Forecast of North America Low GWP Refrigerants Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of North America Low GWP Refrigerants Market Revenues & Volume By Inorganics for the Period 2020 - 2030
• Historical Data and Forecast of North America Low GWP Refrigerants Market Revenues & Volume By Hydrocarbons for the Period 2020 - 2030
• Historical Data and Forecast of North America Low GWP Refrigerants Market Revenues & Volume By Fluorocarbons for the Period 2020 - 2030
• Historical Data and Forecast of United States Low GWP Refrigerants Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of United States Low GWP Refrigerants Market Revenues & Volume By Inorganics for the Period 2020 - 2030
• Historical Data and Forecast of United States Low GWP Refrigerants Market Revenues & Volume By Hydrocarbons for the Period 2020 - 2030
• Historical Data and Forecast of United States Low GWP Refrigerants Market Revenues & Volume By Fluorocarbons for the Period 2020 - 2030
• Historical Data and Forecast of Canada Low GWP Refrigerants Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of Canada Low GWP Refrigerants Market Revenues & Volume By Inorganics for the Period 2020 - 2030
• Historical Data and Forecast of Canada Low GWP Refrigerants Market Revenues & Volume By Hydrocarbons for the Period 2020 - 2030
• Historical Data and Forecast of Canada Low GWP Refrigerants Market Revenues & Volume By Fluorocarbons for the Period 2020 - 2030
• Historical Data and Forecast of North America Low GWP Refrigerants Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of North America Low GWP Refrigerants Market Revenues & Volume By Commercial Refrigeration for the Period 2020 - 2030
• Historical Data and Forecast of North America Low GWP Refrigerants Market Revenues & Volume By Industrial Refrigeration for the Period 2020 - 2030
• Historical Data and Forecast of North America Low GWP Refrigerants Market Revenues & Volume By Domestic Refrigeration for the Period 2020 - 2030
• Historical Data and Forecast of North America Low GWP Refrigerants Market Revenues & Volume By Stationary Air-conditioning for the Period 2020 - 2030
• Historical Data and Forecast of North America Low GWP Refrigerants Market Revenues & Volume By Mobile Air-conditioning for the Period 2020 - 2030
• Historical Data and Forecast of North America Low GWP Refrigerants Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of United States Low GWP Refrigerants Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of United States Low GWP Refrigerants Market Revenues & Volume By Commercial Refrigeration for the Period 2020 - 2030
• Historical Data and Forecast of United States Low GWP Refrigerants Market Revenues & Volume By Industrial Refrigeration for the Period 2020 - 2030
• Historical Data and Forecast of United States Low GWP Refrigerants Market Revenues & Volume By Domestic Refrigeration for the Period 2020 - 2030
• Historical Data and Forecast of United States Low GWP Refrigerants Market Revenues & Volume By Stationary Air-conditioning for the Period 2020 - 2030
• Historical Data and Forecast of United States Low GWP Refrigerants Market Revenues & Volume By Mobile Air-conditioning for the Period 2020 - 2030
• Historical Data and Forecast of United States Low GWP Refrigerants Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Canada Low GWP Refrigerants Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of Canada Low GWP Refrigerants Market Revenues & Volume By Commercial Refrigeration for the Period 2020 - 2030
• Historical Data and Forecast of Canada Low GWP Refrigerants Market Revenues & Volume By Industrial Refrigeration for the Period 2020 - 2030
• Historical Data and Forecast of Canada Low GWP Refrigerants Market Revenues & Volume By Domestic Refrigeration for the Period 2020 - 2030
• Historical Data and Forecast of Canada Low GWP Refrigerants Market Revenues & Volume By Stationary Air-conditioning for the Period 2020 - 2030
• Historical Data and Forecast of Canada Low GWP Refrigerants Market Revenues & Volume By Mobile Air-conditioning for the Period 2020 - 2030
• Historical Data and Forecast of Canada Low GWP Refrigerants Market Revenues & Volume By Others for the Period 2020 - 2030
• North America Low GWP Refrigerants Market - Key Performance Indicators
• North America Low GWP Refrigerants Market - Import Export Trade Statistics
• North America Low GWP Refrigerants Market - Opportunity Assessment By Countries
• North America Low GWP Refrigerants Market - Opportunity Assessment By Type
• North America Low GWP Refrigerants Market - Opportunity Assessment By Application
• North America Low GWP Refrigerants Market - Top Companies Market Share
• North America Low GWP Refrigerants Market - Top Companies Profiles
• North America Low GWP Refrigerants Market - Comparison of Players in Technical and Operating Parameters
• North America Low GWP Refrigerants Market - Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Countries:

• United States
• Canada

By Type:

• Inorganics
• Hydrocarbons
• Fluorocarbons

 By Application:

• Commercial Refrigeration
• Industrial Refrigeration
• Domestic Refrigeration
• Stationary Air-Conditioning
• Mobile Air-Conditioning
• Others