Market Overview:
The global transcritical CO2 systems market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and environment-friendly cooling and heating systems. In addition, the growing awareness about the benefits of using transcritical CO2 systems is also contributing to the growth of this market. The global transcritical CO2 systems market can be segmented on the basis of type, application, and region. On the basis of type, this market can be divided into refrigerators, air conditioners, heating units, and other types such as ice skating rinks. The refrigerators segment is expected to account for a major share in terms of revenue in this market during the forecast period owing to their high adoption rate across various applications such as food storage facilities, supermarkets, and others. On the basis of application, this market can be classified into food storage facilities; supermarkets; ice skating rinks; hospitals & clinics; data centers & telecommunication rooms; hotels & restaurants; schools & colleges campuses buildings among others Others include residential complexes among others).
Product Definition:
A transcritical CO2 system is a refrigeration cycle that uses carbon dioxide as the working fluid. The importance of transcritical CO2 systems is that they are more efficient than traditional refrigeration systems and can operate in a wider range of conditions.
Refrigerator:
Refrigerator is a heat exchanger used to cool down the gas to its liquid state. It is mainly used in cryogenic applications and hence, it has become an integral part of transcritical CO2 systems. The growth factor for this market can be attributed to the increasing demand for natural gas from various end-use industries such as power generation, manufacturing, and domestic sectors among others.
Air Condition:
An air conditioner is a device that provides cooling to an indoor space. It is used in various applications such as commercial, residential and industrial. The basic function of an air conditioner is to remove heat from the room by cooling the surrounding environment. An AC unit uses a refrigerant for effectively removing heat from the room and thus helps reduce ambient temperature, making it more comfortable for use in any given space.
The global market size was valued at USD 14 billion in 2016.
Application Insights:
The food storage application segment led the global transcritical CO2 systems market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand for temperature-controlled food storage solutions, which help preserve perishable foods including fruits and vegetables and meat, poultry and fish products.
Transcritical CO2 systems are used in supermarkets as they provide an efficient way of maintaining constant temperature throughout the storerooms by eliminating cold chain damage caused by natural or human error during transportation or storage procedures. The system also helps maintain nutritional quality, flavor intensity and appearance characteristics of stored products without exposure to oxygen or sunlight for a longer period of time.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region can be attributed to increasing government initiatives and regulations for a cleaner environment. For instance, in India, Transcritical CO2 System has been certified by Bureau Veritas under the standards laid down by WCO (World Climate Organization). Europe accounted for more than 25% of global market share in 2017 owing to high demand from countries such as Germany and U.K., which are among the leading consumers of ice skating rinks globally. Moreover, rising concerns regarding carbon emissions have resulted in stringent emission control laws being implemented across various European countries that will further boost industry growth over next eight years or so until 2030 when these laws are likely to change resulting in a sharp decline thereafter.
Growth Factors:
- Increasing demand for food due to population growth
- Rising disposable income of consumers in developing countries
- Proliferation of convenience stores and supermarkets
- Technological advancements in refrigeration systems
- Growing awareness about the benefits of Transcritical CO2 Systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Transcritical CO2 Systems Market Research Report
By Type
Refrigerator, Air Condition, Heating, Other
By Application
Food Storages, Supermarkets, Ice Skating Rinks, Other
By Companies
LMP Systems, Shecco, Mayekawa, Henry Technologies, Baltimore Aircoil Company, Danfoss, Bitzer Kuhlmaschinenbau, Carnot Refrigeration, Emerson Climate Technologies, Green & Cool, Carrier Commercial Refrigeration, HillPhoenix, SCM Frigo
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Transcritical CO2 Systems Market Report Segments:
The global Transcritical CO2 Systems market is segmented on the basis of:
Types
Refrigerator, Air Condition, Heating, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Storages, Supermarkets, Ice Skating Rinks, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LMP Systems
- Shecco
- Mayekawa
- Henry Technologies
- Baltimore Aircoil Company
- Danfoss
- Bitzer Kuhlmaschinenbau
- Carnot Refrigeration
- Emerson Climate Technologies
- Green & Cool
- Carrier Commercial Refrigeration
- HillPhoenix
- SCM Frigo
Highlights of The Transcritical CO2 Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Refrigerator
- Air Condition
- Heating
- Other
- By Application:
- Food Storages
- Supermarkets
- Ice Skating Rinks
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Transcritical CO2 Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A transcritical CO2 system is a type of carbon dioxide capture and storage (CCS) technology that uses a pressure swing adsorption (PSA) process to remove carbon dioxide from ambient air. The captured gas is then compressed and stored in underground reservoirs.
Some of the major companies in the transcritical co2 systems market are LMP Systems, Shecco, Mayekawa, Henry Technologies, Baltimore Aircoil Company, Danfoss, Bitzer Kuhlmaschinenbau, Carnot Refrigeration, Emerson Climate Technologies, Green & Cool, Carrier Commercial Refrigeration, HillPhoenix, SCM Frigo.
The transcritical co2 systems market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Transcritical CO2 Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Transcritical CO2 Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Transcritical CO2 Systems Market - Supply Chain
4.5. Global Transcritical CO2 Systems Market Forecast
4.5.1. Transcritical CO2 Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Transcritical CO2 Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Transcritical CO2 Systems Market Absolute $ Opportunity
5. Global Transcritical CO2 Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Transcritical CO2 Systems Market Size and Volume Forecast by Type
5.3.1. Refrigerator
5.3.2. Air Condition
5.3.3. Heating
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Transcritical CO2 Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Transcritical CO2 Systems Market Size and Volume Forecast by Application
6.3.1. Food Storages
6.3.2. Supermarkets
6.3.3. Ice Skating Rinks
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Transcritical CO2 Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Transcritical CO2 Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Transcritical CO2 Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Transcritical CO2 Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Transcritical CO2 Systems Demand Share Forecast, 2019-2026
9. North America Transcritical CO2 Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Transcritical CO2 Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Transcritical CO2 Systems Market Size and Volume Forecast by Application
9.4.1. Food Storages
9.4.2. Supermarkets
9.4.3. Ice Skating Rinks
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Transcritical CO2 Systems Market Size and Volume Forecast by Type
9.7.1. Refrigerator
9.7.2. Air Condition
9.7.3. Heating
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Transcritical CO2 Systems Demand Share Forecast, 2019-2026
10. Latin America Transcritical CO2 Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Transcritical CO2 Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Transcritical CO2 Systems Market Size and Volume Forecast by Application
10.4.1. Food Storages
10.4.2. Supermarkets
10.4.3. Ice Skating Rinks
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Transcritical CO2 Systems Market Size and Volume Forecast by Type
10.7.1. Refrigerator
10.7.2. Air Condition
10.7.3. Heating
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Transcritical CO2 Systems Demand Share Forecast, 2019-2026
11. Europe Transcritical CO2 Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Transcritical CO2 Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Transcritical CO2 Systems Market Size and Volume Forecast by Application
11.4.1. Food Storages
11.4.2. Supermarkets
11.4.3. Ice Skating Rinks
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Transcritical CO2 Systems Market Size and Volume Forecast by Type
11.7.1. Refrigerator
11.7.2. Air Condition
11.7.3. Heating
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Transcritical CO2 Systems Demand Share, 2019-2026
12. Asia Pacific Transcritical CO2 Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Transcritical CO2 Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Transcritical CO2 Systems Market Size and Volume Forecast by Application
12.4.1. Food Storages
12.4.2. Supermarkets
12.4.3. Ice Skating Rinks
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Transcritical CO2 Systems Market Size and Volume Forecast by Type
12.7.1. Refrigerator
12.7.2. Air Condition
12.7.3. Heating
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Transcritical CO2 Systems Demand Share, 2019-2026
13. Middle East & Africa Transcritical CO2 Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Transcritical CO2 Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Transcritical CO2 Systems Market Size and Volume Forecast by Application
13.4.1. Food Storages
13.4.2. Supermarkets
13.4.3. Ice Skating Rinks
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Transcritical CO2 Systems Market Size and Volume Forecast by Type
13.7.1. Refrigerator
13.7.2. Air Condition
13.7.3. Heating
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Transcritical CO2 Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Transcritical CO2 Systems Market: Market Share Analysis
14.2. Transcritical CO2 Systems Distributors and Customers
14.3. Transcritical CO2 Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LMP Systems
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shecco
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mayekawa
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Henry Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Baltimore Aircoil Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Danfoss
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bitzer Kuhlmaschinenbau
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Carnot Refrigeration
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Emerson Climate Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Green & Cool
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Carrier Commercial Refrigeration
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. HillPhoenix
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. SCM Frigo
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook