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Global $9+ Billion Large-scale Natural Refrigerant Heat Pump Markets to 2027 with Opportunities in the Imposition of Carbon Tax in Multiple CountriesDUBLIN, June 28, 2022 /PRNewswire/ -- The "Large-scale Natural Refrigerant Heat Pump Market by Refrigerants (Ammonia (R717), Carbon Dioxide (R744), Hydrocarbons), Capacity (20-200 kW, 200-500 kW, 500-1,000 kW, Above 1,000 kW), End Use (Commercial, Industrial), Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The global large-scale natural refrigerant heat pump market is projected to reach USD 9.1 Billion by 2027 from an estimated market size of USD 5.8 Billion in 2022, at a CAGR of 9.4% The market has a promising growth potential due to several factors, including the role of large-scale natural refrigerant heat pumps playing in carbon emission reduction and government incentives and regulations to improve energy efficiency. Carbon dioxide (R-744) natural refrigerant heat pump: The fastest-growing segment of large-scale natural refrigerant heat pump market, by natural refrigerants Carbon dioxide (R-744) occurs naturally and can be produced on-site and can be used as both a secondary fluid with phase change and as a refrigerant in different heating and cooling applications. It is one of the best refrigerants used in industries for low-temperature applications. Carbon dioxide (R-744) can be used along with other natural refrigerants, such as hydrocarbon and ammonia. It is non-flammable and nontoxic in nature; hence, it is ideal for heat pumps used in the commercial as well as industrial sectors. 200 - 500 kW: The fastest-growing segment of large-scale natural refrigerant heat pump market, by capacity 200-500 kW segment of the large-scale natural refrigerant heat pump market will be the fastest-growing segment during the forecast period. 200-500 kW segment majorly caters end users like commercial end-use such as hotel, malls, nd retail stores. Growing educational infrastructure and hospitality spaces is propelling the demand for large-scale natural refrigerant heat pump. North America: The fastest-growing region in the large-scale natural refrigerant heat pump market The North America region is projected to be the fastest-growing market during the forecast period. The growth of the North American large-scale natural refrigerant heat pump market is expected to be driven by government-led initiatives to reduce air pollution caused by the conventional sources of energy used for heating in the commercial, and industrial sectors. Competitive landscape The large-scale natural refrigerant heat pumps market is dominated by a few globally established players such as Siemens Energy (Germany), Johnson Controls (Ireland), Emerson Electric Co. (US), GEA Group Aktiengesellschaft (Germany), and Mitsubishi Electric Corporation (Japan). Premium Insights
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