Manufacturers should include refrigerants into climate planning to demonstrate sustainability commitment
BOULDER, Colo.–(BUSINESS WIRE)–#HCFC–A new report from Navigant Research provides insight into the growing importance of sustainable refrigerants in the heating ventilation air conditioning and refrigeration (HVACR) market.
Hydrochlorofluorocarbon (HCFC) and hydrofluorocarbon (HFC) refrigerants are ubiquitous in commercial, industrial, and residential buildings and automotive applications. Since the global warming potential of these refrigerants is 1,000 to 14,000 times higher than that of CO2, refrigerant management offers significant opportunities to improve the climate performance of related products. Click to tweet: According to a new @NavigantRSRCH report, sustainable refrigerant targets and agendas are becoming a differentiator in the HVACR industry.
“Multiple HVACR companies are pushing for progress on sustainable refrigerants beyond regulatory requirements,” says Sasha Wedekind, research analyst with Navigant Research. “The gap between market leaders in this field and the rest is clearly widening.”
With few replacements to traditional refrigerant options available, manufacturers should include refrigerants into their sustainability commitments and targets through production and service. Navigant Research also recommends market participants invest in refrigerant R&D independently and with partners, and to develop services and training for refrigerant recovery and destruction.
The report, Sustainable Refrigerants Becoming a Differentiator in HVACR Markets, explores changing definitions of sustainability in HVACR as companies are expected to pay attention to a wide array of building decarbonization priorities. The report discusses how market leaders in refrigerants are differentiating themselves, and offers recommendations for HVACR manufacturers and vendors. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant – a Guidehouse company, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of clean, intelligent, mobile, and distributed energy. Additional information about Navigant Research can be found at www.navigantresearch.com.
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* The information contained in this press release concerning the report, Sustainable Refrigerants Becoming a Differentiator in HVACR Markets, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant – a Guidehouse company undertakes any obligation to update any of the information contained in this press release or the report.