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Transcritical CO2 Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global transcritical CO2 market reached a value of US$ 37.56 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 101.08 Billion by 2027, exhibiting a CAGR of 17.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. 

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, along with forecasts at the global, regional and country level from 2022-2027. 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 Corporationz and SCM Frigo S.p.A.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Function, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 Corporationz and SCM Frigo S.p.A.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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

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

    4.1    Overview
    4.2    Key Industry Trends
5    Global Transcritical CO2 Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Function
    6.1    Refrigeration
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Heating
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Air Conditioning
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Application
    7.1    Supermarkets and Convenience Stores
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Ice Skating Rinks
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Food Processing and Storage Facilities
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Heat Pumps
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Region
    8.1    North 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
    8.2    Asia-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
    8.3    Europe
        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
    8.4    Latin 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
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

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

List of Figures

Figure 1: Global: Transcritical CO2 Market: Major Drivers and Challenges
Figure 2: Global: Transcritical CO2 Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Transcritical CO2 Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Transcritical CO2 Market: Breakup by Function (in %), 2021
Figure 5: Global: Transcritical CO2 Market: Breakup by Application (in %), 2021
Figure 6: Global: Transcritical CO2 Market: Breakup by Region (in %), 2021
Figure 7: Global: Transcritical CO2 (Refrigeration) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Transcritical CO2 (Refrigeration) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Transcritical CO2 (Heating) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Transcritical CO2 (Heating) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Transcritical CO2 (Air Conditioning) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Transcritical CO2 (Air Conditioning) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Transcritical CO2 (Supermarkets and Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Transcritical CO2 (Supermarkets and Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Transcritical CO2 (Ice Skating Rinks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Transcritical CO2 (Ice Skating Rinks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Transcritical CO2 (Food Processing and Storage Facilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Transcritical CO2 (Food Processing and Storage Facilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Transcritical CO2 (Heat Pumps) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Transcritical CO2 (Heat Pumps) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Transcritical CO2 (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Transcritical CO2 (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: North America: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: North America: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: United States: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: United States: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Canada: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Canada: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Asia-Pacific: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Asia-Pacific: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: China: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: China: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Japan: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Japan: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: India: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: India: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: South Korea: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: South Korea: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Australia: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Australia: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Indonesia: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Indonesia: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Others: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Others: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Europe: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Europe: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Germany: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Germany: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: France: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: France: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: United Kingdom: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: United Kingdom: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Italy: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Italy: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Spain: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Spain: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Russia: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Russia: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Latin America: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Latin America: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Brazil: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Brazil: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Mexico: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Mexico: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Middle East and Africa: Transcritical CO2 Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Middle East and Africa: Transcritical CO2 Market: Breakup by Country (in %), 2021
Figure 71: Middle East and Africa: Transcritical CO2 Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: Transcritical CO2 Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Transcritical CO2 Market Forecast: Breakup by Function (in Million US$), 2022-2027
Table 3: Global: Transcritical CO2 Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Transcritical CO2 Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Transcritical CO2 Market: Competitive Structure
Table 6: Global: Transcritical CO2 Market: Key Players


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