“Efforts to develop next-generation low global warming potential refrigerants for HVAC systems.”
The global HVAC system market is expected to be valued at USD 206.3 billion in 2023 and is projected to reach USD 280.1billion by 2028; it is expected to grow at a CAGR of 6.3% from 2023 to 2028.HVAC systems use refrigerants such as hydrofluorocarbons (HCFs) and hydrochlorofluorocarbons (HCFCs), which emit greenhouse gases (GHGs). Further, several HVAC equipment emit significant amounts of CO2 as they account for ~40% of the total energy consumption in a building. However, in recent years, there have been several advancements in HVAC technology that can help reduce carbon emissions. Moreover, Freon 22, also known as HCFC-22 and R-22, is used as the primary refrigerant chemical in residential air-co
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