Refrigeration Oil Market Boosted by Expanding Urban Population in Asia Pacific: 2025
The future of the global refrigeration oil market is prosperous, with the demand estimated to increment at a CAGR of 5.8% during the forecast period of 2017 to 2025. Some of the key factors favoring the global refrigeration oil market are: increasing preference of low-GWP refrigerants, rebates offered by government and NGOs to promote energy-efficient product and services, technological advancement such as advent of HVAC&R systems in the healthcare sector, and expanding refrigeration application. The transportation sector and new product...
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