Transcritical CO2 Systems Market By Function (Refrigeration, Heating, and Air Conditioning), By Application (Supermarkets and Convenience Stores, Heat Pumps, Food Processing & Storage Facilities, and Ice Skating Rinks), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI113619 | Publish Date: December 2023 | No. of Pages: 167

Global Transcritical CO Systems Market Overview

Transcritical CO2 systems and compressors use CO2 as a working fluid that has now found various applications in various sectors. For instance, it has been used as compressors in household appliances. Further, it is used in retail segments such as supermarkets and hypermarkets. In this the heat rejection happens at the pressure and temperature above the critical point in fluid region and so the process is called cooling process and the heat exchanger is called gas cooler. It has various properties which include low global warming problem (GWP) value in comparison to other refrigerants, can be used for low and medium temperature applications, zero ODP, allows heat rejection, can be used in all environmental conditions. Due to the usage of transcritical CO2 systems, the depletion of ozone layer and the harmful effects on the environment has been reduced and also is cost effective.

Low environmental impact of transcritical CO2 systems is the major factor driving the growth of the global transcritical CO2 market. In addition, phasing out CFC, HCFC, and HFC refrigerants is expected to fuel the global transcritical CO2 market growth in the forecast period. Furthermore, increasing demand for refrigeration and air-conditioning applications is propelling the growth of the global market. Moreover, lower operating cost of transcritical CO2 refrigeration systems is boosting the target market growth. Additionally, transcritical CO2 refrigeration has a high safety rating and is non-toxic and non-flammable due to which there is hike in their demand, increasing the target market growth.

With this, being an inert product it is attuned with every common material of a refrigerating circuit including plastics, metals and elastomers. Owing to such properties of the product it offers enormous advantages in terms of functionality and hence no other gas is as compatible as it is for using as a refrigerant. These factors are expected to drive demand for transcritical CO2 market globally in the upcoming years. However, high cost of their production is restraining the growth of the market globally. In addition, initial cost of instalment of transcritical CO2 is high which is expected to hamper the growth of the target market in the coming years.

The global transcritical CO2 system market is segmented into function, application, and region. On the basis of function, the global market is sub-divided into refrigeration, heating, and air conditioning. Based on the application, the target market is bifurcated into Supermarkets and Convenience Stores, Heat Pumps, Food Processing & Storage Facilities, and Ice Skating Rinks.

On the basis of region, the global transcritical CO2 system market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has the largest market revenue for the transcritical CO2 market. This region is home to most of the world’s top and other leading food manufacturing companies that have now switched to using CO2 for refrigeration. Asia Pacific is expected to witness the significant growth of the target market owning to rising awareness of environmental issues and various policies given by the government.

Key players in the global transcritical CO2 system market are Shecco SPRL, Mayekawa MSG. Co., Ltd., Systems LMP, Inc., Henry Technologies, Inc., Baltimore Aircoil Company, Inc., Advansor A/S, Danfoss GmbH, Bitzer Kühlmaschinenbau GmbH, SCM Frigo SPA, and Emerson Climate Technologies.

Global Transcritical CO Systems Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet,  By Function
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysish
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Transcritical CO2 Systems Market,  By Function, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Refrigeration
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Heating
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Air Conditioning
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Transcritical CO2 Systems Market, By Application, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Supermarkets
    • Buildings Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Convenience Stores
    • Buildings Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Heat Pumps
    • Buildings Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Food Processing & Storage Facilities
    • Buildings Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Ice Skating Rinks
    • Buildings Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Transcritical CO2 Systems Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn),  By Function, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S.
    • Canada
  • Europe
    • Market Size and Forecast (US$ Bn),  By Function, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn),  By Function, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn),  By Function, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn),  By Function, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles 
  • Shecco SPRL
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Mayekawa MSG. Co., Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Systems LMP
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Henry Technologies, Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Baltimore Aircoil Company, Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Advansor A/S
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The global transcritical CO2 system market is segmented into function, application, and region.

Low environmental impact of transcritical CO2 systems is the major factor driving the growth of the global transcritical CO2 market.

Key players in the global transcritical CO2 system market are Shecco SPRL, Mayekawa MSG. Co., Ltd., Systems LMP, Inc., Henry Technologies, Inc., Baltimore Aircoil Company, Inc., Advansor A/S, Danfoss GmbH, Bitzer Kühlmaschinenbau GmbH, SCM Frigo SPA, and Emerson Climate Technologies.