[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Transcritical CO2 Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 142 pages | ID: T6A93F4F7368EN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Market Overview:

The global transcritical CO2 market size reached US$ 44.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 117.1 Billion by 2028, exhibiting a growth rate (CAGR) of 16.7% during 2023-2028.

Transcritical CO2 refers to a refrigeration system comprising a gas cooler to dissipate heat and a high-pressure expansion valve to control the evaporator. It is environmental-friendly, non-flammable, non-toxic, and has good heat transfer properties with a high latent heat of vaporization. It is cost-effective due to the utilization of cheaper fluids and higher efficiency compared to conventional refrigeration systems. In addition, it helps recover the rejected heat on account of the higher enthalpy of the system that can be used for building heating, ventilation, and air conditioning (HVAC) and domestic hot water. As a result, transcritical CO2 finds extensive applications in the food and beverage (F&B) and retail industries across the globe.


Transcritical CO2 Market Trends:
There is currently a rise in the demand for air conditioning units in the hospitality and residential sectors around the world. This, along with the lower operational costs of transcritical CO2 systems, represents one of the key factors driving the market. Moreover, high maintenance costs of hydro-chlorofluorocarbon (HCFC) and chlorofluorocarbon (CFC) based equipment is propelling the growth of the market. In addition, there is an increase in the utilization of transcritical CO2 systems due to the rising awareness among individuals about global warming. This, coupled with the growing demand for CO2 as an alternative on account of its high energy performance and the same technical reliability as HFC-134a refrigerant, is positively influencing the market. Besides this, the escalating demand for transcritical CO2 in cold storage facilities is offering lucrative growth opportunities to industry investors. Apart from this, governments of several countries are implementing stringent regulations to reduce the use of fluorinated gases (F-gases), which, in turn, is impelling the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global transcritical CO2 market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on function and application.

Breakup by Function:

Refrigeration
Heating
Air Conditioning

Breakup by Application:

Supermarkets and Convenience Stores
Ice Skating Rinks
Food Processing and Storage Facilities
Heat Pumps
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Baltimore Aircoil Company Inc. (AMSTED Industries Incorporated), Bitzer SE, Carnot Refrigeration (M&M Refrigeration), Carrier Global Corporation, Danfoss, Dorin S.p.A., Emerson Electric Co., Hill Phoenix Inc. (Dover Corporation), Mayekawa Mfg. Co. Ltd., Panasonic Holdings Corporation and SCM Frigo S.p.A.

Key Questions Answered in This Report:
How has the global transcritical CO2 market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global transcritical CO2 market?
What are the key regional markets?
What is the breakup of the market based on the function?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global transcritical CO2 market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL TRANSCRITICAL CO2 MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY FUNCTION

6.1Refrigeration
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Heating
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Air Conditioning
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1Supermarkets and Convenience Stores
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Ice Skating Rinks
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Food Processing and Storage Facilities
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4Heat Pumps
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5Others
  7.5.1 Market Trends
  7.5.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2Asia-Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 SWOT ANALYSIS

9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Competition
11.5Threat of New Entrants
11.6Threat of Substitutes

12 PRICE ANALYSIS

13 COMPETITIVE LANDSCAPE

13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
  13.3.1Baltimore Aircoil Company Inc. (AMSTED Industries Incorporated)
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
  13.3.2Bitzer SE
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
  13.3.3Carnot Refrigeration (M&M Refrigeration)
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
  13.3.4Carrier Global Corporation
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
    13.3.4.3 Financials
  13.3.5Danfoss
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
    13.3.5.3 SWOT Analysis
  13.3.6Dorin S.p.A.
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
  13.3.7Emerson Electric Co.
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
    13.3.7.3 Financials
  13.3.8Hill Phoenix Inc. (Dover Corporation)
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio
  13.3.9Mayekawa Mfg. Co. Ltd.
    13.3.9.1 Company Overview
    13.3.9.2 Product Portfolio
  13.3.10Panasonic Holdings Corporation
    13.3.10.1 Company Overview
    13.3.10.2 Product Portfolio
    13.3.10.3 Financials
    13.3.10.4 SWOT Analysis
  13.3.11SCM Frigo S.p.A.
    13.3.11.1 Company Overview
    13.3.11.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Transcritical CO2 Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Transcritical CO2 Market Forecast: Breakup by Function (in Million US$), 2023-2028
Table 3: Global: Transcritical CO2 Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Transcritical CO2 Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Transcritical CO2 Market: Competitive Structure
Table 6: Global: Transcritical CO2 Market: Key Players

LIST OF FIGURES

Figure 1: Global: Transcritical CO2 Market: Major Drivers and Challenges
Figure 2: Global: Transcritical CO2 Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Transcritical CO2 Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Transcritical CO2 Market: Breakup by Function (in %), 2022
Figure 5: Global: Transcritical CO2 Market: Breakup by Application (in %), 2022
Figure 6: Global: Transcritical CO2 Market: Breakup by Region (in %), 2022
Figure 7: Global: Transcritical CO2 (Refrigeration) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Transcritical CO2 (Refrigeration) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Transcritical CO2 (Heating) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Transcritical CO2 (Heating) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Transcritical CO2 (Air Conditioning) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Transcritical CO2 (Air Conditioning) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Transcritical CO2 (Supermarkets and Convenience Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Transcritical CO2 (Supermarkets and Convenience Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Transcritical CO2 (Ice Skating Rinks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Transcritical CO2 (Ice Skating Rinks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Transcritical CO2 (Food Processing and Storage Facilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Transcritical CO2 (Food Processing and Storage Facilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Transcritical CO2 (Heat Pumps) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Transcritical CO2 (Heat Pumps) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Transcritical CO2 (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Transcritical CO2 (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: North America: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: North America: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: United States: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: United States: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Canada: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Canada: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Asia-Pacific: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Asia-Pacific: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: China: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: China: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Japan: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Japan: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: India: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: India: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: South Korea: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: South Korea: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Australia: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Australia: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Indonesia: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Indonesia: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Others: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Others: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Europe: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Europe: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Germany: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Germany: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: France: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: France: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: United Kingdom: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: United Kingdom: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Italy: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Italy: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Spain: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Spain: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Russia: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Russia: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Latin America: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Latin America: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Brazil: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Brazil: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Mexico: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Mexico: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Middle East and Africa: Transcritical CO2 Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Middle East and Africa: Transcritical CO2 Market: Breakup by Country (in %), 2022
Figure 71: Middle East and Africa: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Global: Transcritical CO2 Industry: SWOT Analysis
Figure 73: Global: Transcritical CO2 Industry: Value Chain Analysis
Figure 74: Global: Transcritical CO2 Industry: Porter's Five Forces Analysis


More Publications