Elettronica
Magnetic Refrigeration Market Worth 163.7 Million USD by 2023
http://www.marketsandmarkets.com/Market-Reports/magnetic-refrigeration-market-243034247.html
The market for the domestic application is expected to grow at the highest CAGR between 2018 and 2023. The domestic application includes household appliances for personal use, such as refrigerators. Companies such as Camfridge Ltd. (UK) and Astronautics Corporation of America (US) are planning to launch products for domestic use that would be more energy efficient and comparatively quieter than traditional vapor compressor.
The magnetic refrigeration market for refrigeration systems is expected to grow at the highest CAGR between 2018 and 2023 owing to the early launch of refrigeration products because of the less complex system design compared to air conditioning systems and heat pumps. Thus, the players are initially focusing on commercializing products for refrigeration systems, followed by air conditioning systems and heat pumps.
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Europe is expected to hold the largest share of the magnetic refrigeration market in 2018, and the market in APAC is expected to grow at the highest CAGR between 2018 and 2025. The presence of many magnetic refrigeration companies in Europe helps drive the growth of the market in this region. Also, the governments of European countries are encouraging many research institutes and refrigeration companies to come up with a refrigeration technology that does not cause global warming and ozone depletion. Magnetic refrigeration is one such technology that does not use any refrigerant and is environmentally friendly. Thus, this technology is gaining popularity among players operating in the manufacturing of refrigeration systems, air conditioning systems, and heat pumps.
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The major players involved in the development of the magnetic refrigeration technology are Cooltech Applications ( France ), Camfridge Ltd (UK), Astronautics Corporation of America (US), Whirlpool Corporation (US), Qingdao Haier Co. Ltd. ( China ), BASF SE ( Germany ), Eramet S.A. ( France ), Samsung Electronics Co., Ltd. ( South Korea ), Toshiba Corporation ( Japan ), VACUUMSCHMELZE GMBH & CO. KG ( Germany ), and Sigma-Aldrich Corporation (US ).
by Equipment (Compressors, Condensers, Evaporators), Refrigerant Type (Ammonia, CO2, HFCS), Application (Fruits & Vegetables Processing, Beverages, Refrigerated Warehouses), & Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/industrial-refrigeration-system-market-245749288.html
by System Type (Heat Pump and Heat Recovery System), Component (Compressor, Invertor, Electronic Expansion Valve, Synchronous Electronic Motor and Installation services), Application, and Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/variable-refrigerant-flow-systems-market-155809495.html
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