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20220503 - X-tech - Market Size

Here some information about the market size regarding to our solution.

We would need to answer for:

  • How many machines are suitable for retrofitting? In the market of small and medium refrigeration, that is pharmatheutical and supermarkets
  • TAM, SAM, SOM
    • TAM or Total Available Market is the total market demand for a product or service.
    • SAM or Serviceable Available Market is the segment of the TAM targeted by your products and services which is within your geographical reach.
    • SOM or Serviceable Obtainable Market is the portion of SAM that you can capture.
  • Revenue potential in DKK
  • Rate the industry is growing

Going Natural - The Danish road to natural refrigerants

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The import of bulk HFC substances has decreased significantly from around 1000 tonnes/year in 2000 to around 350 tonnes in 2010. But in 2008-2010, the Danish emission of F-gases declined from 895,000 tonnes CO2 equivalents in 2008 to 854,000 tonnes CO2 equivalents in 2010.

A 700 m2 supermarket with a HFC system will normally have a charge of 85 kg R-404A. The leakage rate is at least 8.5 kg R404A, equivalent to 32 tons of CO2 (per year).

European union

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Danish ministry - Survey of selected fluorinated greenhouse gasses

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In denmakr, the commercial refrigerators account for 91.0 of HFC-404a tons in denmark. This sector includes central supermarket refrigeration systems, condensing units for smaller retail stores, walk-in cold rooms, smaller cold stores and smaller industrial refrigeration systems (for cooling processes).

The consumption of HFC-404A (with high GWP and hence a high tax) is decreasing from more than 200 tons in 2004 to a level of about 100 tons per year in 2012.


Conclusion

  • TAM: In denmark, 91 tons of HFC-404a, A rough estimation is that a machine in average is 10Kg of refrigerant, this 9100 Kg of machines per year, from those the 10% has a leak, this is 910 Machines need a repair each year in Denmark.
  • SAM: 50 % of the TAM -> 455 customers
  • SOM: 92 companies

910 Machines each year * 1500 Dkk per service = 1.365.000 DKK