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Global Refrigeration Leak Detector Market to reach USD 122.50 million by 2027

Global Refrigeration Leak Detector Market Size study, by Product Type (Halide Detector, Electronic Detector) by Operation (Hand-held, Benchtop) by End-Use (Industrial, Research & Academia, Maintenance Service Providers) and Regional Forecasts 2020-2027

Product Code: OIRIA_12022464
Publish Date: 8-06-2020
Page: 200

Global Refrigeration Leak Detector Market is valued approximately USD 95.21 million in 2019 and is anticipated to grow with a healthy growth rate of more than 3.20% over the forecast period 2020-2027. Refrigeration leak detectors or refrigerant detectors are devices that are used to check and contain the oozing of chemicals such as Hydrochlorofluorocarbons (HCFCs) and Chlorofluorocarbons (CFCs). Leakage of refrigerants in HVAC systems is inevitable owing to the presence of imperfect joints, fittings and welding points. Some of these leaks are as low as 1 oz every decade and are not critical to the operation of the system while other leaks are more fatal causing a drop in efficiency of the heating and cooling system. The extensive use of HVAC systems across all sectors ranging from commercial, residential and industrial drives the demand for Refrigerant leak detectors. As shown by the Japan Refrigeration and Air Conditioning Industry Association, the total AC demand in North America increased from 15.31 million units in 2017 to 15.58 million units in 2018. Major share of this demand belonged to the USA with 14.85 million units in 2017. Moreover, the increasing construction of buildings leads to the deployment of these detectors such as increasing in number of restaurants, supermarkets, cold storage facilities, catering facilities and more. Furthermore, Stringent Environmental Protocols catalyze the adoption of the detectors. As for the measurement of the level of individual contribution, the global warming potential (GWP) indicator was developed. Individual buildings need to comply to these indicators for safe operations. Also, the Montreal Protocol set the standards to annual per capital consumption and production of ozone depleting substances to less than 0.3 kg. These protocols propel building owners to install leak detectors to curb emissions. However, lack of standardization regarding output levels impedes the growth of the market over the forecast period of 2020-2027. Although, technological advancements present a lucrative opportunity for the market.

The regional analysis of global Refrigeration Leak Detector market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of technology and well established infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapid industrialization and growth of trade and commerce would create lucrative growth prospects for the Refrigeration Leak Detector market across Asia-Pacific region.

Major market player included in this report are:
Elitech Technology Inc.
Fieldpiece Instruments Inc.
CPS Products Inc.
MSA Safety
ACME Engineering Products Ltd.
Bacharach Inc.
Emerson Electric Co.
Robinair, Ritchie Engineering Inc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Halide Detector
Electronic Detector

By Operation:

By End-Use:
Research & Academia
Maintenance Service Providers

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Refrigeration Leak Detector Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Million)
1.2.1. Refrigeration Leak Detector Market, by Region, 2018-2027 (USD Million)
1.2.2. Refrigeration Leak Detector Market, by Product Type, 2018-2027 (USD Million)
1.2.3. Refrigeration Leak Detector Market, by Operation, 2018-2027 (USD Million)
1.2.4. Refrigeration Leak Detector Market, by End-Use, 2018-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Refrigeration Leak Detector Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Refrigeration Leak Detector Market Dynamics
3.1. Refrigeration Leak Detector Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Refrigeration Leak Detector Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Refrigeration Leak Detector Market, by Product Type
5.1. Market Snapshot
5.2. Global Refrigeration Leak Detector Market by Product Type, Performance – Potential Analysis
5.3. Global Refrigeration Leak Detector Market Estimates & Forecasts by Product Type 2017-2027 (USD Million)
5.4. Refrigeration Leak Detector Market, Sub Segment Analysis
5.4.1. Halide Detector
5.4.2. Electronic Detector
Chapter 6. Global Refrigeration Leak Detector Market, by Operation
6.1. Market Snapshot
6.2. Global Refrigeration Leak Detector Market by Operation, Performance – Potential Analysis
6.3. Global Refrigeration Leak Detector Market Estimates & Forecasts by Operation 2017-2027 (USD Million)
6.4. Refrigeration Leak Detector Market, Sub Segment Analysis
6.4.1. Hand-held
6.4.2. Benchtop
Chapter 7. Global Refrigeration Leak Detector Market, by End-Use
7.1. Market Snapshot
7.2. Global Refrigeration Leak Detector Market by End-Use, Performance – Potential Analysis
7.3. Global Refrigeration Leak Detector Market Estimates & Forecasts by End-Use 2017-2027 (USD Million)
7.4. Refrigeration Leak Detector Market, Sub Segment Analysis
7.4.1. Industrial
7.4.2. Research & Academia
7.4.3. Maintenance Service Providers
Chapter 8. Global Refrigeration Leak Detector Market, Regional Analysis
8.1. Refrigeration Leak Detector Market, Regional Market Snapshot
8.2. North America Refrigeration Leak Detector Market
8.2.1. U.S. Refrigeration Leak Detector Market Product Type breakdown estimates & forecasts, 2017-2027 Operation breakdown estimates & forecasts, 2017-2027 End-Use breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Refrigeration Leak Detector Market
8.3. Europe Refrigeration Leak Detector Market Snapshot
8.3.1. U.K. Refrigeration Leak Detector Market
8.3.2. Germany Refrigeration Leak Detector Market
8.3.3. France Refrigeration Leak Detector Market
8.3.4. Spain Refrigeration Leak Detector Market
8.3.5. Italy Refrigeration Leak Detector Market
8.3.6. Rest of Europe Refrigeration Leak Detector Market
8.4. Asia-Pacific Refrigeration Leak Detector Market Snapshot
8.4.1. China Refrigeration Leak Detector Market
8.4.2. India Refrigeration Leak Detector Market
8.4.3. Japan Refrigeration Leak Detector Market
8.4.4. Australia Refrigeration Leak Detector Market
8.4.5. South Korea Refrigeration Leak Detector Market
8.4.6. Rest of Asia Pacific Refrigeration Leak Detector Market
8.5. Latin America Refrigeration Leak Detector Market Snapshot
8.5.1. Brazil Refrigeration Leak Detector Market
8.5.2. Mexico Refrigeration Leak Detector Market
8.6. Rest of The World Refrigeration Leak Detector Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Elitech Technology Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Fieldpiece Instruments Inc.
9.2.3. CPS Products Inc.
9.2.4. AGPTEK
9.2.5. MSA Safety
9.2.6. ACME Engineering Products Ltd.
9.2.8. Bacharach Inc.
9.2.9. Emerson Electric Co.
9.2.10. Robinair, Ritchie Engineering Inc
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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