Which is the fastest growing region in Transcritical Co2 Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Transcritical Co2 Market?

In 2024, the Europe accounts for the largest market share in Transcritical Co2 Market. Read More

What years does this Transcritical Co2 Market cover?

The report covers the Transcritical Co2 Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Transcritical Co2 Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Transcritical Co2 Market Size

Market Size of Transcritical Co2 Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
CAGR	18.00 %
Fastest Growing Market	North America
Largest Market	Europe
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Transcritical Carbondioxide Market Analysis

The market for Transcritical Co2 is expected to grow at a CAGR of over 18% during the forecast period. Major factors driving the market studied are increasing demand from super markets & convenience stores segment and rising demand from food processing & storage facilities segment. On the flipside, lack of awareness about transcritical co2 systems and unfavourable conditions arising due to COVID-19 outbreak are the major restraints, which are expected to hinder the growth of market.

Growing demand for transcritical co2 in ice skating rinks is expected to offer various lucrative opportunities for the growth of market.
By application, super markets & convenience stores segment is expected to dominate the market owing to the increase in the usage of transcritical co2 for refrigeration and air conditioning purposes.
Europe region dominated the transcritical co2 market across the globe with the largest consumption from countries such as United Kingdom, Germany, and France.

Transcritical Carbondioxide Industry Segmentation

The Transcritical Co2 market report includes:

Function
		Referigeration
		Heating
		Air Conditioning

Application
		Super Markets & Convenience Stores
		Ice Skating Rinks
		Food Processing & Storage Facilities
		Heat Pumps
		Others

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

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Transcritical Co2 Market Size Summary

The transcritical CO2 market is poised for significant growth, driven by increasing demand from supermarkets, convenience stores, and food processing and storage facilities. This growth is attributed to the system's ability to reduce maintenance costs and energy consumption, making it an attractive option for refrigeration and air conditioning applications. The market is also benefiting from the rising awareness of its low ozone depletion and global warming potential, which aligns with global sustainability goals. Despite challenges such as limited awareness and the impact of the COVID-19 pandemic, the market is expected to expand, with ice skating rinks presenting new opportunities for application. The European region, particularly countries like the United Kingdom, Germany, and France, leads in market consumption due to stringent regulations on harmful refrigerants and the low environmental impact of transcritical CO2 systems.

The European market's dominance is further supported by government regulations promoting the use of environmentally friendly alternatives to chlorofluorocarbons and hydrofluorocarbons, which are being phased out. This regulatory environment, combined with the low operating costs and non-toxic nature of transcritical CO2 systems, is driving market growth in the region. The air conditioning market in Europe is also expected to grow, providing additional opportunities for transcritical CO2. The market is characterized by fragmentation, with key players like Carrier, Danfoss, ADVANSOR, BITZER, and Carnot Refrigeration holding a marginal share. These companies are instrumental in shaping the market landscape, leveraging government support and technological advancements to meet the growing demand for transcritical CO2 solutions.

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Transcritical Co2 Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Increasing Demand from Super Markets & Convenience Stores Segment
  2. 1.1.2 Rising Demand from Food Processing and Storage Facilities Segment
2. 1.2 Restraints
  1. 1.2.1 Lack of Awareness About Transcritical Co2 Systems
  2. 1.2.2 Unfavourable Conditions Arising Due to COVID-19 Outbreak
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porters Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Consumers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION
1. 2.1 Function
  1. 2.1.1 Referigeration
  2. 2.1.2 Heating
  3. 2.1.3 Air Conditioning
2. 2.2 Application
  1. 2.2.1 Super Markets & Convenience Stores
  2. 2.2.2 Ice Skating Rinks
  3. 2.2.3 Food Processing & Storage Facilities
  4. 2.2.4 Heat Pumps
  5. 2.2.5 Others
3. 2.3 Geography
  1. 2.3.1 Asia-Pacific
    1. 2.3.1.1 China
    2. 2.3.1.2 India
    3. 2.3.1.3 Japan
    4. 2.3.1.4 South Korea
    5. 2.3.1.5 Rest of Asia-Pacific
  2. 2.3.2 North America
    1. 2.3.2.1 United States
    2. 2.3.2.2 Canada
    3. 2.3.2.3 Mexico
  3. 2.3.3 Europe
    1. 2.3.3.1 Germany
    2. 2.3.3.2 United Kingdom
    3. 2.3.3.3 Italy
    4. 2.3.3.4 France
    5. 2.3.3.5 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle-East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 South Africa
    3. 2.3.5.3 Rest of Middle-East and Africa