World News: 15:35 GMT Monday 20th March 2017. [IndustryARC via Globe Newswire via SPi World News]
Hyderabad, India, March 20, 2017 (GLOBE NEWSWIRE) -- The report “”, published by IndustryARC, estimates that major developments in technology and changes in lifestyle, will be key growth drivers for this market, mostly in developing APAC countries.
Browse 51 Market Tables, 9 Figures spread through 120 Pages and an in-depth TOC on “”.
The need for refrigeration arises right from the households to big industries. It has a large influence on industry, lifestyle, agriculture and settlement patterns. Refrigeration is the process of cooling a substance or an area below the temperature of the surroundings. The refrigerants follow a cycle which includes: vapor-compression, absorption, steam ejection and air. Mechanical refrigeration uses the evaporation of a liquid refrigerant to absorb heat. Along with refrigerants, ascends the need for refrigerant oils. Oil is applied in the refrigeration system to lubricate compressor bearings and other moving parts.
The global refrigerant oil market is set to experience a substantial growth owing to the strong demand from refrigerants in refrigerators and air conditioners worldwide. Moreover, the market for refrigerant oils remains a highly dynamic market driven primarily by the consumer electronics based refrigerants and air conditioners. APAC region is the major shareholder with more than 35% share in the global refrigerant oil market, due to the presence of numerous refrigerants and refrigerant oil providers and end user sectors.
Prominent Segmentations Involved in the Refrigerant Oil Market:
The Refrigerant Oil Market can be broken down into various segmentations on the basis of:
IndustryARC is a research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
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Globe Newswire: 15:35 GMT Monday 20th March 2017
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