Summary

HVAC Refrigerant Recovery System Market Research Report Information by Power Range (Low-Pressure Units (0.1HP to 0.75HP), Medium-Pressure Units (0.75HP to 3HP) and High-Pressure Units (More Than 3HP)), by Method (Liquid Recovery, Vapor Recovery, and Pull Recovery), by Material Type (Mild steel, and Copper), by Installation Type (Portable, and Onsite Refrigerant Recovery System), by Equipment (Evacuation / Recovery Tools, Refrigerant Manifold Sets, Hoses, Couplers, Refrigerant Recovery Storage Cylinders & Accessories, Scales & Charging Meters, A/C-R Vacuum Pumps & Accessories, Vacuum Gauges & Meters), by End Use (Industrial and Commercial), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) –Market Forecast Till 2032


Market Overview
The Global HVAC Refrigerant Recovery System industry is anticipated to experience a compound annual growth rate (CAGR) of 9.2% during the forecast period, increasing from USD 1,513.2 Million in 2024 to USD 3,070.90 Million by 2032. The HVAC Refrigerant Recovery System Market is being driven by the increasing demand for refrigerant recovery equipment, the diversification of product innovation and flavors, and the global adoption of HVAC systems.
The HVAC (Heating, Ventilation, and Air Conditioning) sector is at the forefront of initiatives to mitigate environmental concerns and diminish the carbon footprint. This endeavor is fundamentally dependent on the administration of refrigerants, which are indispensable for the operation of HVAC systems. However, the environmental consequences of specific refrigerants, particularly those with a high Global Warming Potential (GWP), have resulted in heightened regulation and scrutiny. Consequently, the HVAC industry has experienced a substantial increase in demand for refrigerant recovery apparatus. In this article, we will investigate the primary factors that are responsible for the observed increase in demand. The HVAC industry is a particular focus of environmental regulations due to its substantial contribution to greenhouse gas emissions, which have become increasingly stringent on a global scale. Refrigerants such as hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs) have been identified as significant contributors to global warming. As a result, governments and regulatory bodies have implemented stringent regulations to mitigate their emissions. Refrigerant recovery equipment is essential for adhering to these regulations. It allows HVAC professionals to safely extract, recycle, or dispose of refrigerants during system decommissioning, maintenance, and servicing. This not only assists organizations in complying with environmental regulations but also mitigates their carbon footprint. In order to mitigate climate change, numerous nations have implemented the phaseout of high-GWP refrigerants. These endeavors are designed to facilitate the transition to more environmentally favorable alternatives that employ lower GWP. Consequently, there has been a significant increase in the demand for refrigerant recovery apparatus.

Market Segment Insights

The global HVAC Refrigerant Recovery System is categorized into low-pressure units (0.1HP to 0.75HP), medium-pressure units (0.75HP to 3HP), and high-pressure units (More Than 3HP) based on their power range. Liquid recovery, vapor recovery, and draw recovery comprise the method segment of the Market.

The global HVAC Refrigerant Recovery System is segmented into mild steel and copper based on material type.

The market is segmented into portable and onsite Refrigerant Recovery Systems based on the type of installation.

The global HVAC Refrigerant Recovery System is segmented into the following categories based on equipment: evacuation/recovery tools, refrigerant manifold sets, hoses, couplers, refrigerant recovery storage cylinders & accessories, scales & charging meters, A/C-R vacuum pumps & accessories, and vacuum gauges & meters.

The market is divided into industrial and commercial segments based on its ultimate use.

Regional Perspectives

The Asia-Pacific HVAC Refrigerant Recovery System Market held the largest market share in 2022 and is anticipated to experience a substantial CAGR growth during the research period. The HVAC Refrigerant Recovery System market in the Asia-Pacific region is experiencing substantial growth, primarily due to the increasing demand for air conditioning and refrigeration in countries such as China, India, and Southeast Asian nations, as well as accelerated urbanization and industrialization.

Additionally, North America is the second-largest region in the HVAC Refrigerant Recovery System Market. The demand for sophisticated refrigerant recovery solutions is influenced by the region's well-established HVAC industry, which encompasses the residential, commercial, and industrial sectors.

Furthermore, the European HVAC Refrigerant Recovery System Market has experienced substantial expansion in recent years. The adoption of sophisticated refrigerant recovery solutions has been expedited by the European Union's F-Gas Regulation, which is designed to decrease the use of high-GWP refrigerants. HVAC professionals in Europe are increasingly emphasizing the importance of responsible refrigerant management, system efficacy, and the reduction of greenhouse gas emissions.

Major Players

APPION, RITCHIE ENGINEERING INC, REFTEC INTERNATIONAL SYSTEMS LLC, REFCO MANUFACTURING LTD., BOSCH AUTOMOTIVE SERVICE SOLUTIONS INC, JB INDUSTRIES, INFICON, YAO CHUAN ENTERPRISE CO LTD, CPS PRODUCTS INC, and FIELDPIECE INSTRUMENTS INC are among the leading players in the market.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 OVERVIEW
3.2 DATA FLOW
3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
3.4.1 SECONDARY RESEARCH DATA FLOW
3.5 PRIMARY RESEARCH:
3.5.1 PRIMARY RESEARCH DATA FLOW:
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
3.6 APPROACHES FOR MARKET SIZE ESTIMATION
3.6.1 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
3.8.1 MICROECONOMIC FACTOR ANALYSIS
3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASES THE DEMAND FOR REFRIGERANT RECOVERY EQUIPMENT
4.2.2 EXPANDING PRODUCT INNOVATION AND FLAVOUR DIVERSITY
4.3 RESTRAINTS
4.3.1 STRICT COMPLIANCE WITH EVOLVING ENVIRONMENTAL REGULATIONS IS MANDATORY, ADDING COMPLEXITY AND COSTS
4.3.2 HIGH UPFRONT COSTS CAN DETER SOME BUSINESSES FROM INVESTING IN RECOVERY SYSTEMS.
4.4 OPPORTUNITIES
4.4.1 MEAT ONGOING ADVANCEMENTS LEAD TO MORE EFFICIENT AND USER-FRIENDLY SYSTEMS
4.4.2 EXPANDING HVAC ADOPTION WORLDWIDE BOOSTS RECOVERY SYSTEM DEMAND.
4.5 STRATEGIC INSIGHTS
4.5.1 TECHNOLOGY LEVEL TRENDS
4.5.2 REGIONAL MARKETS TO LOOKOUT FOR
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY/VALUE CHAIN ANALYSIS
5.1.1 PARTICIPANTS
5.1.2 VALUE PERCOLATION ACROSS THE CHAIN
5.1.3 INTEGRATION LEVELS
5.1.4 KEY ISSUES ADDRESSED
5.2 PORTER’S FIVE FORCES MODE
5.2.1 BARGAINING POWER OF SUPPLIERS
5.2.2 BARGAINING POWER OF BUYERS
5.2.3 THREAT OF NEW ENTRANTS
5.2.4 THREAT OF SUBSTITUTES
5.2.5 INTENSITY OF RIVALRY
5.3 IMPACT ANALYSIS OF COVID-19
5.3.1 IMPACT ON PRODUCTION
5.3.2 IMPACT ON ONLINE VS STORE-BASED SALES
5.3.3 IMPACT ON CONSUMER BUYING BEHAVIOR
5.3.4 OTHERS
6 GLOBAL HVAC REFRIGERANT RECOVERY SYSTEMS MARKET, BY POWER RANGE
6.1 INTRODUCTION
6.1.1 LOW-PRESSURE UNITS (0.1HP TO 0.75HP):
6.1.2 MEDIUM-PRESSURE UNITS (0.75HP TO 3HP):
6.1.3 HIGH-PRESSURE UNITS (MORE THAN 3HP):
7 GLOBAL HVAC REFRIGERANT RECOVERY SYSTEMS MARKET, BY METHOD
7.1 INTRODUCTION
7.1.1 LIQUID RECOVERY
7.1.2 VAPOR RECOVERY
7.1.3 PULL RECOVERY
8 GLOBAL HVAC REFRIGERANT RECOVERY SYSTEMS MARKET, BY MATERIAL TYPE
8.1 INTRODUCTION
8.1.1 MILD STEEL
8.1.2 COPPER
9 GLOBAL HVAC REFRIGERANT RECOVERY SYSTEMS MARKET, BY INSTALLATION TYPE
9.1 INTRODUCTION
9.1.1 PORTABLE
9.1.2 ONSITE REFRIGERANT RECOVERY SYSTEM
10 GLOBAL HVAC REFRIGERANT RECOVERY SYSTEMS MARKET, BY EQUIPMENT
10.1 INTRODUCTION
10.1.1 EVACUATION / RECOVERY TOOLS
10.1.2 REFRIGERANT MANIFOLD SETS, HOSES, COUPLERS
10.1.3 REFRIGERANT RECOVERY STORAGE CYLINDERS & ACCESSORIES
10.1.4 SCALES & CHARGING METERS
10.1.5 A/C-R VACUUM PUMPS & ACCESSORIES
10.1.6 VACUUM GAUGES & METERS
11 GLOBAL HVAC REFRIGERANT RECOVERY SYSTEMS MARKET, BY END USE
11.1 INTRODUCTION
11.1.1 INDUSTRIAL
11.1.2 COMMERCIAL
12 GLOBAL HVAC REFRIGERANT RECOVERY SYSTEMS MARKET, BY REGION
12.1 OVERVIEW
12.2 NORTH AMERICA
12.2.1 U.S
12.2.2 CANADA
12.2.3 MEXICO
12.3 EUROPE
12.3.1 GERMANY
12.3.2 FRANCE
12.3.3 UK
12.3.4 SPAIN
12.3.5 ITALY
12.3.6 REST OF EUROPE
12.4 ASIA-PACIFIC
12.4.1 CHINA
12.4.2 INDIA
12.4.3 JAPAN
12.4.4 SOUTH KOREA
12.4.5 REST OF ASIA-PACIFIC
12.5 SOUTH AMERICA
12.5.1 BRAZIL
12.5.2 ARGENTINA
12.5.3 COLOMBIA
12.5.4 PERU
12.5.5 REST OF SOUTH AMERICA
12.6 MIDDLE EAST & AFRICA
12.6.1 MIDDLE EAST & AFRICA
12.6.2 SAUDI ARABIA
12.6.3 UAE
12.6.4 SOUTH AFRICA
12.6.5 REST OF MIDDLE EAST & AFRICA
13 COMPETITIVE LANDSCAPE
13.1 INTRODUCTION
13.2 COMPETITION DASHBOARD
13.3 MARKET SHARE ANALYSIS, 2022
13.4 MARKET DISRUPTORS & INNOVATORS
13.5 STRATEGIES ADOPTED BY MARKET LEADERS
13.6 COMPETITIVE BENCHMARKING
13.7 LEADING PLAYERS IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE GLOBAL HVAC REFRIGERANT RECOVERY SYSTEM MARKET
13.8 LIST OF KEY PLAYERS, BY REGION
13.9 PUBLIC PLAYERS STOCK SUMMARY
13.10 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2022
13.11 KEY DEVELOPMENTS & GROWTH STRATEGIES
13.11.1 ACQUISITION
13.11.2 AWARD
13.11.3 PRODUCT LAUNCH/PRODUCT DEVELOPMENT
13.11.4 EXHIBITION
13.11.5 ANNOUNCEMENT
14 COMPANY PROFILES
14.1 APPION
14.1.1 COMPANY OVERVIEW
14.1.2 FINANCIAL OVERVIEW
14.1.3 PRODUCTS OFFERED
14.1.4 KEY DEVELOPMENTS
14.1.5 SWOT ANALYSIS
14.1.6 KEY STRATEGY
14.2 RITCHIE ENGINEERING INC.
14.2.1 COMPANY OVERVIEW
14.2.2 FINANCIAL OVERVIEW
14.2.3 PRODUCTS OFFERED
14.2.4 KEY DEVELOPMENTS
14.2.5 SWOT ANALYSIS
14.2.6 KEY STRATEGY
14.3 REFTEC INTERNATIONAL SYSTEMS, LLC.
14.3.1 COMPANY OVERVIEW
14.3.2 FINANCIAL OVERVIEW
14.3.3 PRODUCTS OFFERED
14.3.4 KEY DEVELOPMENTS
14.3.5 SWOT ANALYSIS
14.3.6 KEY STRATEGY
14.4 REFCO MANUFACTURING LTD.
14.4.1 COMPANY OVERVIEW
14.4.2 FINANCIAL OVERVIEW
14.4.3 PRODUCTS OFFERED
14.4.4 KEY DEVELOPMENTS
14.4.5 SWOT ANALYSIS
14.4.6 KEY STRATEGY
14.5 BOSCH AUTOMOTIVE SERVICE SOLUTIONS INC.
14.5.1 COMPANY OVERVIEW
14.5.2 FINANCIAL OVERVIEW
14.5.3 PRODUCTS OFFERED
14.5.4 KEY DEVELOPMENTS
14.5.5 SWOT ANALYSIS
14.5.6 KEY STRATEGY
14.6 JB INDUSTRIES
14.6.1 COMPANY OVERVIEW
14.6.2 FINANCIAL OVERVIEW
14.6.3 PRODUCTS OFFERED
14.6.4 KEY DEVELOPMENTS
14.6.5 SWOT ANALYSIS
14.6.6 KEY STRATEGY
14.7 INFICON
14.7.1 COMPANY OVERVIEW
14.7.2 FINANCIAL OVERVIEW
14.7.3 PRODUCTS OFFERED
14.7.4 KEY DEVELOPMENTS
14.7.5 SWOT ANALYSIS
14.7.6 KEY STRATEGY
14.8 YAO CHUAN ENTERPRISE CO., LTD.
14.8.1 COMPANY OVERVIEW
14.8.2 FINANCIAL OVERVIEW
14.8.3 PRODUCTS OFFERED
14.8.4 KEY DEVELOPMENTS
14.8.5 SWOT ANALYSIS
14.8.6 KEY STRATEGY
14.9 CPS PRODUCTS, INC.
14.9.1 COMPANY OVERVIEW
14.9.2 FINANCIAL OVERVIEW
14.9.3 PRODUCTS OFFERED
14.9.4 KEY DEVELOPMENTS
14.9.5 SWOT ANALYSIS
14.9.6 KEY STRATEGY
14.10 FIELDPIECE INSTRUMENTS, INC.
14.10.1 COMPANY OVERVIEW
14.10.2 FINANCIAL OVERVIEW
14.10.3 PRODUCTS OFFERED
14.10.4 KEY DEVELOPMENTS
14.10.5 SWOT ANALYSIS
14.10.6 KEY STRATEGY