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TABLE OF CONTENTS - Everything R744

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NATURAL REFRIGERANT MARKET OUTLOOK<br />

INDUSTRIAL REFRIGERATION<br />

Question: What will be the MARKET SHARE of AMMONIA, CO 2<br />

and HYDROCARBONS at present and in 2015 and 2020 for<br />

the Industrial Refrigeration sector:<br />

Ammonia Industrial Refrigeration CO 2<br />

Industrial Refrigeration Hydrocarbon Industrial Refrigeration<br />

More than 50%<br />

21-50%<br />

11-20%<br />

6-10%<br />

0-5%<br />

100%<br />

80%<br />

50,9%<br />

46,4% 46,3%<br />

100%<br />

80%<br />

5,5%<br />

3,6%<br />

9,1%<br />

20,0%<br />

6,4%<br />

12,7%<br />

29,1%<br />

100%<br />

3,6%<br />

7,3% 8,2%<br />

6,4%<br />

12,7%<br />

35,4% 13,6%<br />

10,0%<br />

80%<br />

11,8%<br />

12,7%<br />

15,4%<br />

60%<br />

60%<br />

60%<br />

61,8% 60,9%<br />

9,1%<br />

26,4%<br />

27,3%<br />

40%<br />

20%<br />

12,7%<br />

13,6%<br />

8,2%<br />

15,4%<br />

20,0%<br />

20,0%<br />

18,2%<br />

40%<br />

20%<br />

33,6%<br />

29,1%<br />

17,3%<br />

40%<br />

20%<br />

44,6%<br />

37,3%<br />

110<br />

0%<br />

14,6%<br />

10,0%<br />

8,2%<br />

8,2% 7,3%<br />

2012 2015 2020<br />

0%<br />

18,2%<br />

10,9%<br />

2012 2015 2020 2012<br />

2015<br />

2020<br />

0%<br />

Total responses: 110<br />

Ammonia Industrial Refrigeration<br />

In North America, the market for ammonia industrial<br />

refrigeration is already mature. More than half of all<br />

respondents (51%) believe the market share of ammonia<br />

is currently more than 50%. The growth potential<br />

for ammonia is therefore not as pronounced as for<br />

other natural refrigerants, as it is widely used today.<br />

Respondents predict that while ammonia will continue<br />

to largely dominate the industrial refrigeration market<br />

in the future, new technology developments and<br />

refrigerants could have a slight impact on its dominance.<br />

CO 2<br />

Industrial Refrigeration<br />

Total responses: 110<br />

CO 2<br />

is now more commonly used in industrial<br />

refrigeration and its market share is growing rapidly in<br />

North America. 63% of the respondents are confident<br />

the market share will increase to 6-20% by 2015. A large<br />

majority (72%) believes CO 2<br />

industrial refrigeration could<br />

reach more than a 10% market share by 2020. Although<br />

most respondents do not think CO 2<br />

will dominate the<br />

future market (>50%), 35% still believe that CO 2<br />

could<br />

play a more important role in industrial refrigeration<br />

than it does now and that its market share could reach<br />

20-50% by 2020.<br />

Total responses: 110<br />

Hydrocarbon Industrial Refrigeration<br />

Although 70% of the 110 industrial experts say the<br />

market share of hydrocarbons is less than 10% today, a<br />

clear majority (55%) indicate that hydrocarbons have the<br />

potential to account for more than 5% market share by<br />

2015, and 35% of experts believe hydrocarbons’ market<br />

share will be larger than 10% by 2020.

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