The global demand for Transcritical CO2 Market is presumed to reach the market size of nearly USD 314.56 BN by 2030 from USD 20.72 BN in 2022 with a CAGR of 40.5% under the study period 2023 - 2030.
Transcritical CO2, also known as transcritical carbon dioxide, is a refrigeration and heat pump technology that utilizes carbon dioxide (CO2) as a refrigerant. Unlike traditional refrigerants that contribute to environmental concerns due to their high global warming potential (GWP) and ozone depletion potential (ODP), transcritical CO2 is considered a more environmentally friendly alternative. This technology is used in various applications such as commercial refrigeration, air conditioning, and heat pumps.
The transcritical CO2 market is advancing due to a confluence of factors motivated by environmental consciousness, regulatory requirements, energy efficiency demands, and the pursuit of sustainable refrigeration and heat pump solutions. This convergence leads to the increasing adoption of transcritical CO2 technology across industries. As concerns about climate change rise, the transition away from high-global warming potential (GWP) refrigerants drives interest in transcritical CO2, with its lower GWP and natural origins offering an environmentally responsible choice. Stringent regulations such as the Kigali Amendment and a focus on energy efficiency prompt the shift toward transcritical CO2 in commercial refrigeration, air conditioning, and heat pump applications. The technology's effectiveness varies across climates, but advancements and collaborations in the field are enhancing its viability. As industries prioritize sustainable practices and regulatory compliance, transcritical CO2 gains traction as a strategic investment, aligning with long-term goals of reduced emissions, energy savings, and lower environmental impact.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of transcritical co2. The growth and trends of transcritical co2 industry provide a holistic approach to this study.
This section of the transcritical co2 market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Function
By Application
This section covers the regional outlook, which accentuates current and future demand for the Transcritical CO2 market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Transcritical CO2 market include Green & Cool World Refrigeration AB, Carrier Commercial Refrigeration, Advansor, Hillphoenix, Inc., Carnot Refrigeration, Danfoss, Emerson Climate Technologies, SCM Frigo S.p.A, Henry Technologies, Inc., Baltimore Aircoil Company, and others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . TRANSCRITICAL CO2 – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Function
3.7.2 Market Attractiveness Analysis By Application
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL TRANSCRITICAL CO2 MARKET ANALYSIS BY FUNCTION
5.1 Overview by Function
5.2 Historical and Forecast Data
5.3 Analysis by Function
5.4 Refrigeration Historic and Forecast Sales by Regions
5.5 Heating Historic and Forecast Sales by Regions
5.6 Air Conditioning Historic and Forecast Sales by Regions
6 . GLOBAL TRANSCRITICAL CO2 MARKET ANALYSIS BY APPLICATION
6.1 Overview by Application
6.2 Historical and Forecast Data
6.3 Analysis by Application
6.4 Supermarkets And Convenience Stores Historic and Forecast Sales by Regions
6.5 Heat Pumps Historic and Forecast Sales by Regions
6.6 Food Processing & Storage Facilities Historic and Forecast Sales by Regions