Ductless Heating And Cooling Systems Global Market Report 2023 – By Type (Cooling Only Split System, Heat Pump, Chilled Water System, Window Air Conditioners), By Application (Residential, Commercial, Industrial) – Market Size, Trends, And Global Forecast 2023-2032

Cooling fabrics refer to a type of fabric that has the ability to react quickly to body heat and interact with body temperature to keep the body temperature at a reasonable level during hot weather and physical activity. These fabrics are engaged in manufacturing cooling fabrics The main types of cooling fabrics are synthetic cooling fabrics and natural cooling fabrics. Synthetic cooling fabrics are manufactured using synthetic fibres such as polyester, spandex, and nylon. Synthetic fabrics are considered more suitable for outdoor sports activities as it regulates the body temperature of the wearer through their superior evaporative characteristics. Natural cooling fabrics are manufactured using natural fibres like cotton, chambray and linen which allows for airflow and circulation in and out of the fabric. The various types of textile include woven, nonwoven, knitted, and others. The cooling fabrics are used in different areas including sports apparel, lifestyle, protective wearing, and others. The global cooling fabrics market is segmented - 1) By Type: Synthetic, Natural 2) By Textile Type: Woven, Nonwoven, Knitted, Other Textile Types 3) By Application: Sports Apparel, Lifestyle, Protective Wearing, Other Applications The global cooling fabrics market size grew from $2.67 billion in 2022 to $2.89 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the cooling fabrics is expected to grow to $4.12 billion in 2027 at a CAGR of 9.2%. The increasing demand for sports apparel is projected to propel the growth of the cooling fabrics market in the coming years. Sportswear is clothing that is worn during strenuous athletic tasks such as working out or engaging in sports. Sportspeople tend to wear outfits made of cooling fabrics to stay dry when on the field, which enables the wearer to be more relaxed and thus aids success in sporting events. For instance, the global sports apparel industry revenue is expected to increase from $181 billion in 2019 to $208 billion by 2025. Therefore, the increasing demand for sports apparel drives the cooling fabrics market growth. Major players in the cooling fabrics market are Coolcore LLC, Ahlstrom-Munksjö,, Formosa Taffeta Co. Ltd., Hong Li Textile Co. Ltd., Nilit, Tex-Ray Industrial Co. Ltd., Formosa Taffeta Co. Ltd., Asahi Kasei Corporation, Hexarmor, Invista, Adidas AG, Sun Dream Enterprise Co. Ltd., Everest Textile Co. Ltd., Nanotex LLC, Singtex Industrial Co. Ltd., and Nike Inc. The scarcity of raw material and labour in the cooling fabrics industry has led to an increase in retail prices lowering the demand for these apparel. Retailers limited the order of garments that required scarce raw material, as they had to pay a higher price. For example, in India, the low availability of cotton due to low water availability, high incidence of pest attacks, and inadequate southwest monsoon compelled the retailers to increase the prices of cotton apparel as they had to pay a higher price to the manufacturers for procurement. This increase in prices affected the demand for cotton, which in turn impacted the natural cooling fabric manufacturing market. Major firms in the cooling fabrics industry are focused on developing technologically advanced solutions for cooling fabrics. For instance, in December 2020, Brrr, a cooling fabric innovator, launched the Brrr Pro, an innovative performance textile with improved cooling fibres loaded with micro cooling minerals, as well as hyper wicking and quality drying, all of which operate together to enhance the triple chill effect for optimal comfort and a unique experience. In October 2021, Boyd Corporation, a US-based company specializing in engineered materials and thermal management technologies, acquired Siltec for an undisclosed amount. Through this acquisition, iltec’s dedicated team of scientists and technologists enhances Boyd's competencies in silicone material science and the medical industry. We will apply this knowledge to accelerate innovation across Boyd's material portfolio as well as adjacent high-growth markets such as industrial technology, e-mobility, and cloud data centers, where customers require high-temperature resistant and durable solutions. Siltec is a Germany-based company pioneering in compounding silicone for unique items in the highly regulated medical sector. North America was the largest region in the cooling fabrics market in 2022. Asia-Pacific is projected to record fastest growth over the forecast period. The regions covered in the cooling fabrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cooling fabrics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The cooling fabrics market consists of sales of flannel, muslin, terry cloth, sateen, gauze, velveteen, and sailcloth, as well as cotton, nylon, and rayon. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cooling fabrics market research report is one of a series of new reports from The Business Research Company that provides cooling fabrics market statistics, including cooling fabrics industry global market size, regional shares, competitors with a cooling fabrics market share, detailed cooling fabrics market segments, market trends and opportunities, and any further data you may need to thrive in the cooling fabrics industry. This cooling fabrics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cooling tower refers to specialised heat exchangers, in which air and water are forced into direct contact to reduce the water’s temperature. During the cooling tower process, a small quantity of water evaporates and lowers the water, which is being circulated throughout the tower. The main types of cooling towers are evaporative cooling towers, dry cooling towers, and hybrid cooling towers. The evaporative cooling towers derive their primary cooling effect from the evaporation that takes place when air and water are brought into direct contact. The flow patterns of cooling towers include cross flow and counter flow with applications in chemicals, petrochemicals, oil & gas, HVACR, food & beverages, power generation, and others. The global cooling tower market is segmented - 1) By Type: Evaporative Cooling Tower, Dry Cooling Tower, Hybrid Cooling Tower 2) By Flow: Cross Flow, Counter Flow 3) By Application: Chemicals, Petrochemicals, Power Generation, HVACR, Food & Beverages, Other Applications The global cooling tower market size grew from $3.23 billion in 2022 to $3.33 billion in 2023 at a compound annual growth rate (CAGR) of 2.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the cooling tower is expected to grow to $3.99 billion in 2027 at a CAGR of 4.6%. Rising demand for cooling towers from the developing markets of Asia-Pacific is expected to drive the cooling tower market. Cooling towers are used to remove heat from industry, which includes nuclear and thermal power plants, petroleum refineries, petrochemical plants, food processing plants, and HVACR. There has been high growth in the commercial building and construction industry, high-end real estate, and energy-saving policies, which have contributed to growth in the use of cooling towers in these developing regions. For instance, in February 2022, according to the World Nuclear Association, a UK-based international organisation that promotes nuclear power and supports the companies that comprise the global nuclear industry in Asia, there are about 135–140 operable nuclear power reactors. About 35 reactors are under construction, and 50–60 are in the proposal or planning stage. These development activities across developing regions are expected to increase the demand for cooling towers during the forecast period. Major players in the cooling tower market are SPX Corporation, Baltimore Aircoil Company, Evapco Inc., Bell Cooling Tower, Brentwood Industries Inc., Enexio, Paharpur Cooling Towers, ENEXIO Management, Baltimore Aircoil Company (BAC), Hamon & Cie International SA, Johnson Controls, Perfect Cooling Towers, and Thermal Care. The installation of eco-friendly products is a key trend in the cooling tower market. Eco-friendly products use water rather than air to transport heat rather than air, which is roughly 3,200 times more efficient and environmentally friendly. For instance, in September 2020, B&W Environment successfully installed a new cooling tower system for Naturgy Generación’s combined-cycle natural gas power plant. B&W Environmental’s seawater cooling towers help in decreasing or eliminating the need for desalination and processing of cooling water, which safeguards delicate marine ecosystems and reduces overall environmental impact. In December 2021, Specialty Welding and Turnarounds (SWAT), a US-based service company providing maintenance services to the chemical, refinery, renewable energy, and other industries, acquired Midwest Cooling Tower Services for an undisclosed amount. The acquisition by Specialty Welding and Turnarounds (SWAT) would extend its technical capabilities into this attractive market by combining Midwest’s exceptional management and operations teams. Midwest Cooling Tower Services LLC is a US-based service company specializing in cooling tower repair and rebuild. Midwest provides mission-critical cooling tower services, such as inspection, maintenance, repair, and special distribution. North America was the largest region in the cooling tower market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cooling tower market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cooling tower market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The cooling tower market consists of sales of fill media, drift reducers, nozzles, fans, driveshafts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cooling tower market research report is one of a series of new reports from The Business Research Company that provides cooling tower market statistics, including cooling tower industry global market size, regional shares, competitors with a cooling tower market share, detailed cooling tower market segments, market trends and opportunities, and any further data you may need to thrive in the cooling tower industry. This cooling tower market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Heating equipment is a device that generates heat to regulate a space's temperature using thermal energy. A freestanding stove, fireplace, or non-electric stove are some heating devices intended to generate heat for a room or indoor area. Heating equipment are also used in laboratories for experiments and other industrial purposes. The main types of heating equipment are heat pumps, furnaces, boilers, unitary heaters, and others. A heat pump is a device that uses electric or mechanical methods to move heat from one location to another. Heat pumps are used to make the warm space warmer and the cool space cooler by transferring heat from one to the other. The different technologies include water source, and ground source that are used in residential, commercial, and industrial applications. The global heating equipment market is segmented - 1) By Product: Heat Pumps, Furnaces, Boilers, Unitary Heaters, Other Products 2) By Technology: Air Source, Water Source, Ground Source 3) By Application: Residential, Commercial, Industrial The global heating equipment market size grew from $36.35 billion in 2022 to $40.16 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the heating equipment market is expected to grow to $51.08 billion in 2027 at a CAGR of 6.2%. The growing demand for construction industry is expected to propel the growth of the heating equipment market going forward. The construction sector refers to the organizations that deals with creating, maintaining, and repairing infrastructures. The growing construction industry uses heating equipment such as heat pumps to provide heating and cooling in large as well as medium-sized buildings. For instance, in June 2021, according to a report published by Canada’s national statistical agency, the investment in building construction increased from $14,294 million in April 2019 to $19,273 million in April 2021. Furthermore, in the 2022 US Construction Cost Trends report, the US total construction spending has increased by 16% since the pandemic’s onset. Therefore, growth in the global construction industry is driving the growth of the heating equipment market. Major players in the heating equipment market are Danfoss A/S, United Technologies Corporation, Trane Technologies plc, Lennox International Inc., Robert Bosch GmbH, Johnson Controls, Emerson Electric Co., Honeywell International Inc., Siemens AG, Daikin Industries Ltd., Uponor Corporation, Mitsubishi Electric Corporation, Nortek Inc., Pentair, and Nexans. Technological advancements are a key trend gaining popularity in the heating equipment market. Major companies operating in the market are using new technologies, such as injection technology, to sustain their position in the market. For instance, in January 2021, M-TEC GmbH, an Austrian manufacturer, launched efficient heat pumps for large-scale operations. The power series heat pumps are more efficient due to their larger evaporators, larger fans, and innovative injection technology. In June 2021, Enerquip, a US-based manufacturer of sanitary and industrial heating and cooling solutions, acquired American Heating Co. Inc. for an undisclosed amount. With this acquisition, Enerquip aims to carry on American Heating Company's legacy of delivering a high-quality product in an ethical manner. American Heating Co. Inc. is a US-based manufacturer of heating equipment. Europe was the largest region in the heating equipment market in 2022. The regions covered in the heating equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the heating equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The heating equipment market consists of sales of heat distribution systems, small space heaters, wood and pellet heater. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The heating equipment market research report is one of a series of new reports from The Business Research Company that provides heating equipment market statistics, including heating equipment industry global market size, regional shares, competitors with a heating equipment market share, detailed heating equipment market segments, market trends and opportunities, and any further data you may need to thrive in the heating equipment industry. This heating equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The air-conditioning equipment refers to a device used to create and maintain fixed temperature, relative humidity, and air purity conditions in indoor spaces. The main product types of air- conditioning equipment are unitary air conditioners, room air conditioners, packaged terminal air conditioners, chillers, and absorption liquid chillers. A chiller refers to a device that controls the temperature by circulating a liquid like water or heat medium as a cooling liquid whose temperature was adjusted by the refrigerant cycle. The components are refrigerant, compressor, condenser coil, expansion valve, and evaporator coil. The various applications involved are residential and commercial. The global air-conditioning equipment market is segmented – 1) By Product Type: Unitary Air Conditioners, Room Air Conditioners, Packaged Terminal Air Conditioners, Chillers, Absorption Liquid Chillers 2) By Components: Refrigerant, Compressor, Condenser Coil, Expansion Valve, Evaporator Coil 3) By Application: Residential, Commercial The global air-conditioning equipment market size will grow from $222.27 billion in 2022 to $231.53 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global air-conditioning equipment is expected to grow to $281.59 billion in 2027 at a CAGR of 5.0%. Increasing urbanization and industrialization are projected to boost the demand for air-conditioning equipment during the forecast period. The surge in urban population and the growing number of industrial activities are expected to generate a high requirement for HVAC equipment including air-conditioning equipment. According to the publication by Our World In Data, people living in urban areas worldwide are projected to reach about 7 billion people by the end of 2050. Moreover, according to United Nations-Habitat’s World Cities Report 2022, the urbanization in is predicted to grow to 675 million in 2035, which is the 2nd highest behind China’s 1 billion urban population. Therefore, rapid urbanization is driving the growth of the air-conditioning equipment market. Major players in the air-conditioning equipment market are Daikin Industries Ltd., Lennox International Inc., Hitachi Ltd., Panasonic Corporation, Electrolux AB, Mitsubishi Electric Corporation, MIDEA Group Co. Ltd., Samsung Electronics Co. Ltd., Sharp Corporation, and Ingersoll-Rand. The high cost of air-conditioning installation and replacement limits air-conditioning equipment’s market growth over the forecast period. Air-conditioner installments include installation of an electric conduit from the disconnect to the air conditioner, indoor evaporator coil, outside electric disconnect, outdoor pad, PVC pipe a drain line, and new copper line set from the indoor coil to the air conditioner. The cost of installation depends on the complexity of the electrical modifications and ranges from $100 -$600. The cost of replacement for an air conditioner in a residential building may range from $4,400 to $13,000. The price of entry-level or single-stage air conditioner ranges from $4,400 - $8,000, mid-range or two-stage air conditioner from $6,200 - $9,500, and high-end or variable speed air conditioner ranges from $8,200 - $13,000. Thus, the high cost of air-conditioning installation and replacement is likely to have a negative impact on the growth of the market. The development of sustainable systems is a key trend in the air-conditioning equipment market. Sustainable systems such as solar-powered air-conditioning equipment systems are becoming more popular as people look for ways to reduce their carbon footprint. Major companies in the market are focusing on developing such systems. For example, in 2022, US based HVAC equipment manufacturer, iAIRE launched its patented Solar HVAC for homes and businesses across all industries in the USA, in order to provide Americans access to high-quality and energy-saving resources. The system has cost savings on equipment, installation and operations and also works up to 50% more effectively than other systems. The Asia-Pacific was the largest region in the air-conditioning equipment market in 2022. North America was the second largest region in the global air-conditioning equipment market share. The regions covered in the global air-conditioning equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the air-conditioning equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The air-conditioning equipment market consists of sales of window air conditioners, portable air conditioners, wall hung split or multi head split air conditioners, ducted air conditioning. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The air-conditioning equipment market research report is one of a series of new reports from The Business Research Company that provides air-conditioning equipment market statistics, including air-conditioning equipment industry global market size, regional shares, competitors with an air-conditioning equipment market share, detailed air-conditioning equipment market segments, market trends and opportunities, and any further data you may need to thrive in the air-conditioning equipment industry. This air-conditioning equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Vacuum insulation panel refers to thermal insulation that consists of a gas-tight shell enclosing a rigid core that has been evacuated of air. They are manufactured with microporous core encapsulated and vacuum sealed in impermeable high gas barrier film under vacuum. The advantages of vacuum insulation panels are good thermal efficiency, reliable long-term performance, and fit in tight spaces in new buildings. The main types of vacuum insulation panel are flat and special shape. Flat vacuum insulation panels refers to vacuum insulation panels that are flat in shape and they are widely used in logistics, construction, and cooling and freezing industry as they have high thermal insulation properties. The materials used in vacuum insulation panels are silica, fiberglass, plastic, metal, other raw materials. The vacuum insulation panels are used in construction, cooling and freezing devices, logistics, other applications. The global vacuum insulation panel market is segmented - 1) By Type: Flat, Special shape 2) By Raw Material: Silica, Fiberglass, Plastic, Metal, Other Raw Materials 3) By Application: Construction, Cooling and Freezing Devices, Logistics, Other Applications The global vacuum insulation panel market size grew from $7.33 billion in 2022 to $7.7 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market siz e of global vacuum insulation panel market is expected to grow to $9.29 billion in 2027 at a CAGR of 4.8%. The growth in the construction industry is expected to drive the growth of the vacuum insulation panel in the forecast period. The growth in the construction industry is due to rapid urbanization and a rise in income. The vacuum insulation panels are used during the construction as they help in reducing the consumption of energy in commercial and residential buildings. According to the Building and Construction Authority (BCA), Singapore the demand for total construction in 2022 is anticipated to be between S$27 billion and S$32 billion. Therefore, the growth in the construction industry helps in the growth of the vacuum insulation panel market. Innovation is a key trend in the vacuum insulation panel market. Innovation in the product is crucial to remain competitive in the market. Self-healing films are an innovation that is gaining traction. The thermal resistance of vacuum insulation panels (VIPs) is around R40/inch. During shipment and installation, the barrier film, that maintains the panel's vacuum and thermal performance can be readily broken. The Oak Ridge National Laboratory is developing a self-healing barrier coating for VIPs that will instantaneously fix puncture damage. The self-healing barrier coating will prevent vacuum loss, allowing the VIPs to maintain thermal performance. In January 2022, Kingspan Group, an Ireland-based building materials company that provides high-performance insulation and building envelope solutions, acquired Thermal Visions for an undisclosed amount. This acquisition will benefit Kingspan's fast-developing vacuum insulation panel business in North America, focused on the re-roofing industry. Thermal Visions will bring a durable fiberglass vacuum insulation panel solution to assist Kingspan's packaging expansion in the United States and Europe. Thermal Visions Inc is a US-based developer and manufacturer of vacuum insulation panels. Major players in the vacuum insulation panel market are Evonik Industries AG, Panasonic, DOW Corning, Kevothermal LLC, Microtherm Sentronic GmbH, Va Q Tec AG, Kevothermal, Porextherm Dammstoffe GmbH, Kingspan, Knauf Insulation, Thermal Visions Inc., Rockwool International, NanoPore, Qingdao Jinko VIP, and Thermal Conservation. Asia-Pacific was the largest region in the vacuum insulation panel market share in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in global vacuum insulation panels market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the vacuum insulation panel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The vacuum insulation panel market consists of sales of fumed silica, aerogel and silica panels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The vacuum insulation panels market research report is one of a series of new reports from The Business Research Company that provides vacuum insulation panels market statistics, including vacuum insulation panels industry global market size, regional shares, competitors with a vacuum insulation panels market share, detailed vacuum insulation panels market segments, market trends and opportunities, and any further data you may need to thrive in the vacuum insulation panels industry. This vacuum insulation panels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The refrigerants can be used as primary working fluids in absorption refrigeration systems or as secondary fluids to transmit thermal energy from one medium to the other. A refrigerant is a chemical blend of fluids that serves as a cooling agent in heat pumps and refrigeration cycles. It operates on the concept of phase transition, which converts liquid to gas and vice versa at varying temperatures. The main types of refrigerants are halocarbons, azeotropic, zeotropic, inorganic refrigerants, hydrocarbons, and others. Halocarbons are organic compounds with several or all hydrogen atoms replaced with halogen atoms, usually fluorine or chlorine. It is used in air conditioners, refrigerators, chillers, heat pumps, electronics devices, and others. The global refrigerants market is segmented - 1) By Type: Halocarbons, Azeotropic, Zeotropic, Inorganic Refrigerants, Hydrocarbons, Other Types 2) By Application: Air Conditioners, Refrigerators, Chillers, Heat Pumps, Electronics Devices, Other Applications The global refrigerants market size grew from $22.93 billion in 2022 to $25.34 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global refrigerants is expected to grow to $34.23 billion in 2027 at a CAGR of 7.8%. The rising demand for air conditioning is expected to drive the growth of the refrigerants market in the coming years. The increasing temperature globally increased the demand for cooling systems. According to the World Meteorological Organization (WMO), in 2020, the average temperature across the globe was 1.2 °C higher than the above pre-industrial era (1880) temperatures. This drives the demand for air conditioning, hence refrigerants. A refrigerant is a chemical compound that is found in air conditioners. It absorbs heat from the surroundings and releases cool air after passing through air conditioners and evaporators. For instance, according to the International Energy Agency (IEA) estimates, by 2050 around two-thirds of the world’s households will have an air conditioner. Developing economies such as India, China, and Indonesia together will account for half of the total number of air conditioners. Therefore, the increasing temperature globally increasing demand for air conditioning and is expected to propel the market for refrigerants market. Major players in the refrigerants market report are Arkema SA, Dongyue Group Co Ltd., Honeywell International Inc., The Chemours Company, Daikin Industries, Gujarat Fluorochemicals Limited, and Navin Fluorine International Ltd. The growing technological advancements are shaping the refrigerants market. Major Players operating in the refrigerants sector are focused on developing technological solutions for refrigerants to strengthen their position. For instance, in February 2020, Honeywell, a US-based company that delivers innovative technologies to customers launched Solstice N15 (R-515B) based on HVAC technology. Solstice N15 (R-515B) is a novel non-flammable refrigerant with a low global warming potential (GWP) that can be used in chillers and heat pumps. In July 2022, A-Gas, a UK-based manufacturer of industrial gases, refrigerants and other compounds acquired Certified Refrigerant Services, Inc. for an undisclosed amount. With this acquisition, CRS would expand the A-Gas’ refrigerant business in the USA and demonstrates the company’s interests on the recovery and reclamation of refrigerant gases in a safe and efficient manner. Certified Refrigerant Services, Inc. is a US-based provider of refrigerant services. Asia-Pacific was the largest region in the refrigerants market in 2022. Asia-Pacific is predicted to record the fastest growth in the global refrigerants market share during the forecast period. The regions covered in the refrigerants market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the refrigerants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The refrigerants market consists of sales of hydrocarbons, water and ammonia. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The refrigerants market research report is one of a series of new reports from The Business Research Company that provides refrigerants market statistics, including refrigerants industry global market size, regional shares, competitors with a refrigerants market share, detailed refrigerants market segments, market trends and opportunities, and any further data you may need to thrive in the refrigerants industry. This refrigerants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Atmospheric water generator (AWG) refers to a system that runs on sophisticated technology which produces potable water from the surrounding air. This product can increase water availability during scarcity, contamination, and other issues that disrupt drinking water services. The main types of atmospheric water generators (AWG) are cooling condensation and wet desiccation. Cooling condensation technology works similarly to dehumidifiers, in which, the temperature of the air is cooled below the dew point, resulting in the condensation of the atmospheric water vapour, which is then collected through a collection chamber. The AWGs are widely used in industrial, commercial, and residential applications with a capacity of up to 60 liters, 61–500 liters, 501–1000 liters, and more than 1000 liters. The global atmospheric water generator market is segmented – 1) By Type: Cooling Condensation, Wet Desiccation 2) By Capacity: up to 60 litres, 61-500 litres, 501-1000 litres, More Than 1000 litres 3) By Application: Industrial, Commercial, Residential The global atmospheric water generator market size grew from $2.92 billion in 2022 to $3.36 billion in 2023 at a compound annual growth rate (CAGR) of 15.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The atmospheric water generator market size is expected to grow to $6.09 billion in 2027 at a CAGR of 16.0%. The increase in demand for potable water is expected to propel the growth of the atmospheric water generator market going forward. Potable water refers to drinking water that comes from surface and ground sources and is treated to levels that meet state and federal standards for consumption. Atmospheric water generators are used to create clean, fresh drinking water from the humidity in the air via a hyper-efficient condensing process. For instance, in 2020, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, 74% of the global population (5.8 billion people) used a safely managed drinking water service. Therefore, increasing demand for potable water is driving the growth of the atmospheric water generator market. Major players in the atmospheric water generator market are Watair Inc., WaterMaker India Pvt Ltd., Planets Water, Water Technologies International Inc., Island Sky Corporation, Ambient Water, Fujian Yuxin Electronic Co., Ltd., Atlantis Solar, Air2Water LLC, Dew Point Manufacturing, Watergen Inc., Drinkable Air Technologies, Akvosphere, Ecoloblue Inc., and Hendrx Water. Strategic partnerships are a key trend gaining popularity in the atmospheric water generator market. Many companies operating in the atmospheric water generator market are undergoing partnerships to strengthen their position in the market. For instance, in September 2022, Mullen Automotive Inc., a US-based emerging electric vehicle manufacturer partnered with Watergen Inc., an Israel-based developer of atmospheric water generators (AWG). Through this partnership, Watergen is expected to develop and equip Mullen’s portfolio of electric vehicles with technology to produce fresh drinking water from the air for in-vehicle consumer and commercial applications. Further, in May 2022, Watergen, an Israel-based developer of atmospheric water generators (AWG) partnered with SMV Jaipuria Group, to introduce its AWG across India and establish a new manufacturing plant within one year of operations. In December 2021, Quench, a USA-based company that offers bottle-free filtered drinking water solutions for healthy and environmentally conscious individuals, acquired Pure Planet Waters for an undisclosed amount. With this acquisition, Quench is focused on expanding its operational presence in new high-growth markets such as New York. Pure Planet Waters’ a US-based company that provides point-of-use drinking water systems and ice dispensers. Asia-Pacific was the largest region in the atmospheric water generator market in 2022, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the atmospheric water generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the atmospheric water generator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The atmospheric water generator (AWG) market consists of revenues earned by entities by providing services such as hygroscopy, and solid desiccants. The market value includes the value of related goods sold by the service provider or included within the service offering. The atmospheric water generator market also includes sales of active and passive dew condensers and fuel cells which are used to produce potable water from the surrounding air. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The atmospheric water generator market research report is one of a series of new reports from The Business Research Company that provides atmospheric water generator market statistics, including atmospheric water generator industry global market size, regional shares, competitors with an atmospheric water generator market share, detailed atmospheric water generator market segments, market trends and opportunities, and any further data you may need to thrive in the atmospheric water generator industry. This atmospheric water generator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The engine, turbine, and power transmission equipment are machines including engine, turbine, and power transmission. The engine is used to move things, a turbine is used to convert rotational energy into usable work or energy and power transmission is used to transfer of mechanical energy from a prime mover to a driven machine. Commonly turbine equipment is used in the generation of electric power. The main types of engine, turbine and power transmission equipment are commercial internal combustion engines, turbine and turbine generator set units, mechanical power transmission equipment, speed changer, industrial high-speed drive, and gear. Internal combustion engines refer to the internal combustion engines that generate motive power and produce hot gas to drive a piston. The various cAsia-Pacificity includes small, medium, and large. The various end-users involved are automotive, manufacturing, industrial, and other end-users. The global engine, turbine, and power transmission equipment market is segmented - 1) By Type: Commercial Internal Combustion Engines, Turbine And Turbine Generator Set Units, Mechanical Power Transmission Equipment, Speed Changer, Industrial High-Speed Drive, And Gear 2) By Capacity: Small, Medium, Large 3) By End-Users: Automotive, Manufacturing, Industrial, Other End-Users Subsegments Covered: Diesel Powered Internal Combustion Engines, Gasoline Powered Internal Combustion Engines, Natural Gas Powered Internal Combustion Engines, Other Powered Internal Combustion Engines, Steam And Gas Turbine, Wind Turbine, Hydro Turbine, Plain Bearings, Joints, Clutches, Couplings, Pulleys, Chains And Sprockets, Other Mechanical Power Transmission Equipment The global engine, turbine, and power transmission equipment market size grew from $571.79 billion in 2022 to $621.6 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global engine, turbine, and power transmission equipment market is expected to grow to $837.61 billion in 2027 at a CAGR of 7.7%. The engine, turbine, and power transmission equipment manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. Major companies in the engine, turbine, and power transmission equipment market include Caterpillar Inc., Vestas Wind Systems A/S, Mitsubishi Heavy Industries Ltd., Siemens AG, Goldwind, Doosan Heavy Industries & Construction Co. Ltd., SKF Group, Baker Hughes Co, Cummins Inc., and Nordex SE. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the engine, turbine, and power transmission equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the engine, turbine, and power transmission equipment manufacturing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Gas turbine and power generation equipment manufacturers are adopting modular turbine designs to reduce onsite work and offer short installation times. The modular turbine design is prefabricated electricity-generating equipment in a factory, packaged to reduce the timeline to construct a power plant. They are reliable and low-cost equipment to reduce construction, design, installation, and delivery times. These modular designs can be prefabricated and delivered not only in gas turbines, but also in other components of power plants such as engine modules, fuel delivery systems, emissions control equipment, heat recovery steam generator (HRSG) modules, generators, pipe racks, and other auxiliary systems. Major companies providing modular turbine designs are VESTAS, ENERCON, and GE. For instance, in July 2022, WEG launched a 7 MW wind turbine and a 172 meters rotor diameter for improving output for wind generation projects. With its Medium-Speed Geared (MSG) drive technology and full power drive, the unit can seamlessly interconnect with the electrical grid. Additionally, the new design includes modular components, such as a taller tower, to simplify logistics operations and provide an easier assembly concept . The Asia-Pacific was the largest region in the engine, turbine, and power transmission equipment market share in 2022. Western Europe was the second largest region in the engine, turbine, and power transmission equipment market The regions covered in the global engine, turbine, and power transmission equipment industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the engine, turbine, and power transmission equipment market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The engine, turbine, and power transmission equipment market consist of sales of equipment including turbines, equipment for power transmission, and internal combustion engines (except the automotive gasoline and aircraft), among others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The engine, turbine, and power transmission equipment market research report are one of a series of new reports from The Business Research Company that provides engine, turbine, and power transmission equipment market statistics, including engine, turbine, and power transmission equipment industry global market size, regional shares, competitors with an engine, turbine, and power transmission equipment market share, detailed engine, turbine, and power transmission equipment market segments, market trends and opportunities, and any further data you may need to thrive in the engine, turbine, and power transmission equipment industry. This engine, turbine, and power transmission equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.