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Transcritical CO2 Systems Market Size, Share & Trends Analysis Report By Function (Refrigeration, Heating, Air Conditioning), By Application (Retail, Heat Pumps), And Segment Forecasts, 2020 - 2027

June 2020 | 109 pages | ID: TCAC313DB7D6EN
Grand View Research, Inc.

US$ 5,950.00

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Transcritical CO2 Systems Market Growth & Trends

The global transcritical CO2 systems market size is expected to reach USD 110.43 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 16.9% from 2020 to 2027. The market growth is attributed to rising demand for air conditioning and refrigeration applications, along with lower operational costs associated with transcritical CO2 systems.

The market is driven by looming taxation and inexorable F-gases restrictions across the globe. In addition, the system’s low global warming potential, significantly smaller copper piping system, and less refrigerant charge in comparison to HFC systems, along with high energy efficiency in most climates, are anticipated to further stimulate the market growth over the coming years.

Refrigeration systems account for around 50% of the energy consumption of a supermarket according to the U.S. Department of Energy as they use HFCs, which have higher GWPs compared to natural refrigerants. Due to federal, international, and local regulations, HFC-free systems are gaining popularity, which is anticipated to boost the product demand over the next few years.

The required global phase-out of HCFCs, need to manage the lifetime operation of HCFC and CFC based equipment, and rising concerns regarding global warming are boosting the market growth. Moreover, rising demand for CO2 as an alternative on account of its high energy performance and same technical reliability as HFC-134a is anticipated to stimulate the market growth over the forecast period.

Transcritical CO2 Systems Market Report Highlights
  • By function, the refrigeration segment held the largest revenue share of 67.3% in 2019 on account of the global phase-down of HFCs with the Kigali Amendment coming into effect in 2019
  • By function, the retail segment accounted for the largest share of 55.8% in 2019 owing to growing trend of green consumerism, which has propelled supermarkets to proactively use environmental best practices in order to build their green credentials
  • Heat pumps are expected to register the fastest CAGR of 18.8% from 2020 to 2027 as they offer high service temperature and limited capacity loss. In addition, increasing use of these pumps across the residential and commercial sectors is driving the segment
  • Europe accounted for the largest share of 78.4% in 2019 owing to the stringent regulatory scenario, growing demand for CO2 air conditioning systems in passenger cars, and increasing number of supermarkets in east European countries
  • Key players in the market are collaborating with other manufacturers to gain a competitive advantage in order to use advanced technologies in the field and establish a strong foothold in the industry space.
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
2.4. Market Snapshot

CHAPTER 3. MARKET DEFINITIONS

CHAPTER 4. INDUSTRY OUTLOOK

4.1. Penetration & Growth Prospect Mapping
4.2. Value Chain Analysis
4.3. Technology Overview
4.4. Regulatory Framework
4.5. Technology Overview
4.6. Market Dynamics
4.7. Market Variable Analysis
  4.7.1. Market Driver Analysis
  4.7.2. Market Restraint Analysis
4.8. Porter's Analysis
  4.8.1. Supplier Power
  4.8.2. Buyer Power
  4.8.3. Substitution Threat
  4.8.4. Threat from New Entrant
  4.8.5. Competitive Rivalry
4.9. PESTEL Analysis
  4.9.1. Political Landscape
  4.9.2. Environmental Landscape
  4.9.3. Social Landscape
  4.9.4. Technology Landscape
  4.9.5. Economic Landscape
  4.9.6. Legal Landscape

CHAPTER 5. TRANSCRITICAL CO2 SYSTEMS MARKET: FUNCTION ESTIMATES & TREND ANALYSIS

5.1. Definition & Scope
5.2. Transcritical CO2 Critical Market: Function Movement Analysis, 2019 & 2027
5.3. Refrigeration
  5.3.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
5.4. Heating
  5.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
5.5. Air Conditioning
  5.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)

CHAPTER 6. TRANSCRITICAL CO2 SYSTEMS MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

6.1. Definition & Scope
6.2. Transcritical CO2 Critical Market: Application Movement Analysis, 2019 & 2027
6.3. Retail
  6.3.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.4. Heat Pumps
  6.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.5. Food Processing and Storage Facilities
  6.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.6. Ice Skating Rinks
  6.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.7. Automobiles
  6.7.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.8. Others
  6.8.1. Market estimates and forecasts, 2016 - 2027 (USD Million)

CHAPTER 7. TRANSCRITICAL CO2 SYSTEMS MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

7.1. Regional Market Place: Key Takeaways
7.2. Regional Market Snapshot Market: Regional Movement Analysis, 2019 & 2027
7.3. North America
  7.3.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
  7.3.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.3.3. U.S.
    7.3.3.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
    7.3.3.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.3.4. Canada
    7.3.4.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
    7.3.4.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
7.4. Europe
  7.4.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
  7.4.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.4.3. Germany
    7.4.3.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
    7.4.3.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.4.4. U.K.
    7.4.4.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
    7.4.4.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.4.5. Switzerland
    7.4.5.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
    7.4.5.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.4.6. Norway
    7.4.6.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
    7.4.6.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.4.7. Denmark
    7.4.7.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
    7.4.7.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
7.5. Asia Pacific
  7.5.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
  7.5.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.5.3. China
    7.5.3.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
    7.5.3.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.5.4. Japan
    7.5.4.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
    7.5.4.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.5.5. Indonesia
    7.5.5.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
    7.5.5.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.5.6. Pacific
    7.5.6.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
    7.5.6.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
7.6. Central & South America
  7.6.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
  7.6.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.6.3. Brazil
    7.6.3.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
    7.6.3.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.6.4. Argentina
    7.6.4.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
    7.6.4.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
7.7. Middle East & Africa
  7.7.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
  7.7.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)
  7.7.3. South Africa
    7.7.3.1. Market estimates and forecasts by function, 2016 - 2027 (USD Million)
    7.7.3.2. Market estimates and forecasts by application, 2016 - 2027 (USD Million)

CHAPTER 8. COMPETITIVE LANDSCAPE

8.1. Key Global Players & Recent Developments & Their Impact on The Industry
8.2. Vendor Landscape
8.3. Competitive Environment
8.4. Strategy Framework
8.5. Strategic Initiative & Outcome Analysis
  8.5.1. Mergers & acquisitions
  8.5.2. Joint ventures/partnerships
8.6. Participant Categorization

CHAPTER 9. COMPANY PROFILES

9.1. Advansor
  9.1.1. Company Overview
  9.1.2. Financial Performance
  9.1.3. Product Benchmarking
  9.1.4. Strategic Initiatives
9.2. Teko GmbH
  9.2.1. Company Overview
  9.2.2. Financial Performance
  9.2.3. Product Benchmarking
  9.2.4. Strategic Initiatives
9.3. Carrier Commercial Refrigeration
  9.3.1. Company Overview
  9.3.2. Financial Performance
  9.3.3. Product Benchmarking
  9.3.4. Strategic Initiatives
9.4. Green & Cool World Refrigeration AB
  9.4.1. Company Overview
  9.4.2. Financial Performance
  9.4.3. Product Benchmarking
  9.4.4. Strategic Initiatives
9.5. Hillphoenix, Inc.
  9.5.1. Company Overview
  9.5.2. Financial Performance
  9.5.3. Product Benchmarking
  9.5.4. Strategic Initiatives
9.6. Danfoss
  9.6.1. Company Overview
  9.6.2. Financial Performance
  9.6.3. Product Benchmarking
  9.6.4. Strategic Initiatives
9.7. Bitzer
  9.7.1. Company Overview
  9.7.2. Financial Performance
  9.7.3. Product Benchmarking
  9.7.4. Strategic Initiatives
9.8. Carnot Refrigeration
  9.8.1. Company Overview
  9.8.2. Financial Performance
  9.8.3. Product Benchmarking
  9.8.4. Strategic Initiatives
9.9. SCM Frigo S.P.A.
  9.9.1. Company Overview
  9.9.2. Financial Performance
  9.9.3. Product Benchmarking
  9.9.4. Strategic Initiatives
9.10. Emerson Climate Technologies
  9.10.1. Company Overview
  9.10.2. Financial Performance
  9.10.3. Product Benchmarking
  9.10.4. Strategic Initiatives
9.11. Panasonic Corporation
  9.11.1. Company Overview
  9.11.2. Financial Performance
  9.11.3. Product Benchmarking
  9.11.4. Strategic Initiatives
9.12. Baltimore Aircoil Company, Inc.
  9.12.1. Company Overview
  9.12.2. Financial Performance
  9.12.3. Product Benchmarking
  9.12.4. Strategic Initiatives
9.13. Henry Technologies, Inc.
  9.13.1. Company Overview
  9.13.2. Financial Performance
  9.13.3. Product Benchmarking
  9.13.4. Strategic Initiatives
9.14. Systemes LMP, Inc.
  9.14.1. Company Overview
  9.14.2. Financial Performance
  9.14.3. Product Benchmarking
  9.14.4. Strategic Initiatives
9.15. Mayekawa MFG. Co., Ltd.
  9.15.1. Company Overview
  9.15.2. Financial Performance
  9.15.3. Product Benchmarking
  9.15.4. Strategic Initiatives
LIST OF TABLES

1. Transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
2. Transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
3. Transcritical CO2 systems market estimates and forecasts by region, 2016 - 2027 (USD Million)
4. Transcritical CO2 systems market estimates and forecasts by refrigeration, 2016 - 2027 (USD Million)
5. Transcritical CO2 systems market estimates and forecasts by heating, 2016 - 2027 (USD Million)
6. Transcritical CO2 systems market estimates and forecasts by air conditioning, 2016 - 2027 (USD Million)
7. Transcritical CO2 systems market estimates and forecasts by retail, 2016 - 2027 (USD Million)
8. Transcritical CO2 systems market estimates and forecasts by heat pumps, 2016 - 2027 (USD Million)
9. Transcritical CO2 systems market estimates and forecasts by food processing and storage facilities, 2016 - 2027 (USD Million)
10. Transcritical CO2 systems market estimates and forecasts by ice skating rinks, 2016 - 2027 (USD Million)
11. Transcritical CO2 systems market estimates and forecasts by automobiles, 2016 - 2027 (USD Million)
12. Transcritical CO2 systems market estimates and forecasts by others, 2016 - 2027 (USD Million)
13. North America transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
14. North America transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
15. U.S. transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
16. U.S. transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
17. Canada transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
18. Canada transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
19. Europe transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
20. Europe transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
21. Denmark transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
22. Denmark transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
23. Germany transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
24. Germany transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
25. Norway transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
26. Norway transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
27. Switzerland transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
28. Switzerland transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
29. U.K. transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
30. U.K. transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
31. Asia Pacific transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
32. Asia Pacific transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
33. China transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
34. China transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
35. Japan transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
36. Japan transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
37. Pacific transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
38. Pacific transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
39. Indonesia transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
40. Indonesia transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
41. Central & South America transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
42. Central & South America transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
43. Brazil transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
44. Brazil transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
45. Argentina transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
46. Argentina transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
47. Middle East & Africa transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
48. Middle East & Africa transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
49. South Africa transcritical CO2 systems market estimates and forecasts by function, 2016 - 2027 (USD Million)
50. South Africa transcritical CO2 systems market estimates and forecasts by application, 2016 - 2027 (USD Million)
LIST OF FIGURES

1. Market snapshot
2. Transcritical CO2 systems - Market segmentation
3. Transcritical CO2 systems market revenue estimates and forecasts, 2016 - 2027 (USD Million)
4. Transcritical CO2 systems value chain analysis
5. Transcritical CO2 systems market dynamics
6. Transcritical CO2 systems - Porter’s five forces analysis
7. Transcritical CO2 systems - PESTEL analysis
8. Transcritical CO2 systems market revenue share by function, 2019 & 2027 (%)
9. Transcritical CO2 systems market revenue share by application, 2019 & 2027 (%)
10. Transcritical CO2 systems revenue share by region, 2019 & 2027 (%)
11. Competitive strategy adopted by leading players


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