Global HVAC Refrigerant Recovery System Market Overview
HVAC Refrigerant Recovery System Market Size was valued at USD 1,379.4 Million in 2023. The Global HVAC Refrigerant Recovery System industry is projected to grow from USD 1,513.2 Million in 2024 to USD 3,070.90 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 9.2% during the forecast period (2024 - 2032). Increases the demand for refrigerant recovery equipment, expanding product innovation and flavour diversity, and expanding HVAC adoption worldwide is driving the HVAC Refrigerant Recovery System Market.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
HVAC Refrigerant Recovery System Market Trends
- Expanding HVAC adoption worldwide and increases the demand for refrigerant recovery equipment augmenting HVAC Refrigerant Recovery System Market.
The HVAC (Heating, Ventilation, and Air Conditioning) industry is at the forefront of efforts to address environmental concerns and reduce the carbon footprint. Central to this effort is the management of refrigerants, which are critical for the functioning of HVAC systems. However, the environmental impact of certain refrigerants, particularly those with high Global Warming Potential (GWP), has led to increased scrutiny and regulation. As a result, there has been a notable surge in demand for refrigerant recovery equipment in the HVAC industry. In this article, we will explore the key factors driving this increased demand. Environmental regulations have become increasingly stringent globally, with a particular focus on the HVAC industry due to its significant contribution to greenhouse gas emissions. Refrigerants like hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs) have been identified as potent contributors to global warming. Consequently, governments and regulatory bodies have implemented strict rules to reduce their emissions. Refrigerant recovery equipment plays a pivotal role in complying with these regulations. It enables HVAC professionals to safely capture, recycle, or dispose of refrigerants during servicing, maintenance, and system decommissioning. This not only helps companies adhere to environmental laws but also reduces their carbon footprint. Many countries have initiated the phaseout of high-GWP refrigerants as part of their commitment to mitigating climate change. These efforts aim to transition to more environmentally friendly alternatives with lower GWP. As a result, the demand for refrigerant recovery equipment has soared.
Environmental concerns have catalyzed a paradigm shift in the HVAC industry. The realization that refrigerants, particularly those with high Global Warming Potential (GWP), significantly contribute to greenhouse gas emissions has spurred a collective commitment to reducing the industry's carbon footprint. High-efficiency HVAC systems, coupled with effective refrigerant management through recovery and recycling, are instrumental in achieving this goal.
HVAC Refrigerant Recovery System Market Segment Insights:
Global HVAC Refrigerant Recovery System power range Insights
Based on power range, the global HVAC Refrigerant Recovery System is segmented into low-pressure units (0.1HP to 0.75HP), medium-pressure units (0.75HP to 3HP) and high-pressure units (More Than 3HP). The medium-pressure units segment dominated the global market in 2022, while the high-pressure units are projected to be the fastest–growing segment during the forecast period. The medium-pressure units segment caters to a broader range of applications, covering HVAC systems with power ratings from 0.75hp to 3hp. These systems strike a balance between efficiency and capacity, making them suitable for a variety of commercial and industrial HVAC installations. Medium-pressure units play a vital role in refrigerant recovery, ensuring compliance with environmental regulations and reducing the carbon footprint of larger HVAC systems. The market for medium-pressure units is poised for steady growth as sustainability and regulatory compliance remain critical concerns for businesses.
Global HVAC Refrigerant Recovery System Method Insights
The method segment of the HVAC Refrigerant Recovery System Market size includes liquid recovery, vapor recovery, and pull recovery. The liquid recovery segment dominated the market in 2022, while the pull recovery segment is projected to be the fastest–growing segment during the forecast period. Liquid recovery represents a method within the HVAC Refrigerant Recovery System market that focuses on extracting refrigerants in their liquid state. This method is especially effective for recovering high-pressure refrigerants and is commonly used in industrial and commercial applications where precision and efficiency are paramount. Liquid recovery systems are essential for adhering to stringent environmental regulations and ensuring the responsible management of refrigerants.
Figure 1: HVAC Refrigerant Recovery System Market, by Method, 2022 & 2032 (USD Million)
Global HVAC Refrigerant Recovery System Material Type Insights
Based on material type, the global HVAC Refrigerant Recovery System is segmented into mild steel, and copper. The mild steel segment dominated the market in 2022. Mild steel is a common material used in the construction of HVAC Refrigerant Recovery Systems. It is known for its durability, corrosion resistance, and cost-effectiveness. Mild steel recovery systems are widely used across various applications, particularly in industrial and commercial settings where robustness and longevity are essential. The market for mild steel systems is expected to remain stable, catering to industries that prioritize longevity and reliability in their refrigerant recovery equipment.
Global HVAC Refrigerant Recovery System installation type Insights
Based on installation type, the global HVAC Refrigerant Recovery System is segmented into portable, and onsite Refrigerant Recovery System. The portable segment dominated the market in 2022. Portable refrigerant recovery systems offer flexibility and mobility, making them ideal for on-the-go HVAC technicians. They are designed for ease of transportation and can be deployed across various job sites. Portable systems are favored for their convenience and versatility, particularly in scenarios where mobility is essential, such as servicing multiple residential or commercial HVAC units in different locations. The portable segment is expected to thrive as service providers prioritize agility and quick response times.
Global HVAC Refrigerant Recovery System Equipment Insights
Based on equipment, the global HVAC Refrigerant Recovery System is segmented into 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. The refrigerant recovery storage cylinders & accessories segment dominated the market in 2022. Refrigerant recovery storage cylinders and their associated accessories are essential for safely storing and transporting recovered refrigerants. They are designed to meet stringent safety standards and regulatory requirements. These storage solutions provide a secure means of containment for refrigerants during service and maintenance activities. The market for refrigerant recovery storage cylinders and accessories is expected to witness steady growth, reflecting the continued emphasis on safety and environmental compliance.
Global HVAC Refrigerant Recovery System End Use Insights
Based on end use, the global HVAC Refrigerant Recovery System is segmented into industrial and commercial. The commercial segment dominated the market in 2022. The commercial sector encompasses a wide range of businesses, including offices, retail stores, restaurants, and hotels. HVAC systems are critical for providing comfort and climate control in commercial spaces. As sustainability and cost-efficiency become key considerations, the commercial sector is increasingly adopting HVAC Refrigerant Recovery Systems to manage refrigerants responsibly and ensure efficient system operation. The demand for these systems in the commercial sector is likely to continue growing as businesses prioritize environmental responsibility and energy savings.
Global HVAC Refrigerant Recovery System Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia pacific HVAC Refrigerant Recovery System Market accounted for largest market share in 2022 and is expected to exhibit a significant CAGR growth during the study period. The Asia-Pacific region is witnessing robust growth in the HVAC Refrigerant Recovery System market, primarily driven by rapid urbanization, industrialization, and a growing demand for air conditioning and refrigeration in countries like China, India, and Southeast Asian nations. With the expanding middle-class population and increased awareness of environmental issues, there is a notable shift toward energy-efficient and eco-friendly HVAC systems. This shift is fueling the demand for advanced refrigerant recovery solutions across residential, commercial, and industrial sectors.
Figure 2: HVAC Refrigerant Recovery System Market, by region, 2022 & 2032 (USD Million)
Moreover, North America is the second-largest region in the HVAC Refrigerant Recovery System Market. The region's well-established HVAC industry, including residential, commercial, and industrial sectors, contributes to the demand for advanced refrigerant recovery solutions. In North America, particularly in the United States and Canada, regulatory bodies like the Environmental Protection Agency (EPA) play a pivotal role in shaping the market by enforcing rules on refrigerant handling and emissions. The emphasis on responsible refrigerant management and the replacement of high-GWP (Global Warming Potential) refrigerants with environmentally friendly alternatives is driving the adoption of innovative HVAC Refrigerant Recovery Systems.
Additionally, the Europe HVAC Refrigerant Recovery System Market has grown significantly in recent years. The European Union's F-Gas Regulation, which aims to reduce the use of high-GWP refrigerants, has accelerated the adoption of advanced refrigerant recovery solutions. HVAC professionals in Europe are increasingly focused on responsible refrigerant management, system efficiency, and reducing greenhouse gas emissions. As a result, the demand for efficient and compliant HVAC Refrigerant Recovery Systems is on the rise. Europe's diverse market includes residential, commercial, and industrial sectors, each contributing to the growth of the HVAC Refrigerant Recovery System market.
Further, the major countries studied in the market report are the U.S., Canada, Mexico, Germany, France, Italy, UK, Spain, Japan, UAE, South Africa, Saudi Arabia, Argentina, and Brazil.
Global HVAC Refrigerant Recovery System Key Market Players & Competitive Insight
Many global, regional, and local vendors characterize the HVAC Refrigerant Recovery System Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.
The major players in the market include 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., and among others. The HVAC Refrigerant Recovery System Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.
Key Companies in the HVAC Refrigerant Recovery System Market include.
- 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
- FIELDPIECE INSTRUMENTS INC.
Global HVAC Refrigerant Recovery System Industry Developments
- In September 2023, Ritchie Engineering inc., have participated in AHR MEXICO to showcase their products. Company has wide range of products related to HVAC systems.
- In August 2023, Ritchie Engineering inc., launched new product A2L Adapters & Hoses for connection to left handed refrigerant system. It is useful for technicians to safely charge refrigerant systems. These refrigerants are categorized as slightly flammable so that left handed connection can be differentiated from non-flammable.
- In July 2023, Fieldpiece Instruments, Inc. the leading manufacturer of HVACR tools, announced the launch of a new line of hoses and fittings featuring two key types of premium hoses: charging hoses and vacuum hoses, with accompanying accessories and a variety of different fittings perfect for all HVACR charging, recovery and evacuation systems.
- In June 2023, INFICON D-TEK Stratus and D-TEK 3 are the all-in-one infrared leak detectors that can detect any refrigerant gas and CO2 using the same tool. These leak detectors were designed with versatility in mind which can detect all CFCs, HCFCs, and HFCs.
HVAC Refrigerant Recovery System Market Segmentation:
HVAC Refrigerant Recovery System Market by Power Range Outlook
- Low-Pressure Units (0.1HP to 0.75HP)
- Medium-Pressure Units (0.75HP to 3HP)
- High-Pressure Units (More Than 3HP)
HVAC Refrigerant Recovery System Market by Method Outlook
- Liquid Recovery
- Vapor Recovery
- Pull Recovery
HVAC Refrigerant Recovery System Market by Material Type Outlook
HVAC Refrigerant Recovery System Market by Installation Type Outlook
- Portable
- Onsite Refrigerant Recovery System
HVAC Refrigerant Recovery System Market by Equipment Outlook
- 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
HVAC Refrigerant Recovery System Market by End Use Outlook
Global HVAC Refrigerant Recovery System Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Argentina
- Brazil
- South America
Report Attribute/Metric |
Details |
Market Size 2023 |
USD 1,379.4Â Million |
Market Size 2024 |
USD 1,513.2Â Million |
Market Size 2032 |
USD 3,070.90 Million |
Compound Annual Growth Rate (CAGR) |
9.2% (2024-2032) |
Base Year |
2023 |
Market Forecast Period |
2024-2032 |
Historical Data |
2019- 2022 |
Market Forecast Units |
Value (USD Million) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Power Range, End Use, Method, Material Type, Installation Type, Equipment and Region |
Geographies Covered |
North America, Europe, Asia-Pacific, Middle East & Africa, and South America. |
Countries Covered |
The U.S., Canada, Mexico, Germany, France, Italy, UK, Spain, China, Japan, India, UAE, South Africa, Saudi Arabia, Argentina, and Brazil. |
Key Companies Profiled |
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. |
Key Market Opportunities |
·      Expanding HVAC Adoption Worldwide Boosts Recovery System Demand |
Key Market Dynamics |
·      Increases The Demand for Refrigerant Recovery Equipment ·      Expanding Product Innovation and Flavour Diversity |
Frequently Asked Questions (FAQ) :
The HVAC Refrigerant Recovery System Market size is expected to be valued at USD 3,070.90 Million in 2032.
The global market is projected to grow at a CAGR of 9.2% during the forecast period, 2024-2032.
Asia Pacific had the largest share of the global market.
The key players in the market are 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.
The commercial category dominated the market in 2022.
liquid recovery method had the largest revenue share of the global market.