REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
---|---|---|
USD 93.30 billion by 2029 | CAGR of 18.4 % | Europe |
by Function | by Application | by Regions |
---|---|---|
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|
|
SCOPE OF THE REPORT
Transcritical CO2 Systems Market Overview
The global transcritical CO2 systems market is projected to reach USD 93.30 billion by 2029 from USD 22.38 billion in 2020, at a CAGR of 18.4 % from 2022 to 2029.
Transcritical CO2 systems, also known as transcritical carbon dioxide systems, are innovative refrigeration and heat pump systems that utilize carbon dioxide (CO2) as the working fluid. The key component of a transcritical CO2 system is the transcritical CO2 compressor. This compressor is specifically designed to handle CO2 in its supercritical state and maintain the necessary pressure levels for efficient heat transfer. Transcritical CO2 systems also feature gas coolers instead of conventional condensers, where the CO2 is cooled by rejecting heat to the surrounding environment. By eliminating the need for a condenser, transcritical CO2 systems offer advantages in certain applications and climates.
The minimal environmental effect of transcritical CO2 systems is one of its primary benefits. CO2 has a GWP of 1, which means it contributes almost nothing to global warming when compared to high-GWP refrigerants. Transcritical CO2 systems are therefore more ecologically beneficial, harmonizing with sustainability goals and legislation focused at lowering greenhouse gas emissions. Transcritical CO2 systems are also very energy efficient. Due to the higher ambient temperatures compared to the critical point of CO2 in colder climes, these systems can attain extraordinary performance. They may give effective heating and cooling solutions while consuming less energy. Furthermore, transcritical CO2 systems offer the potential for heat recovery, allowing collected waste heat from cooling operations to be used for heating, enhancing energy efficiency even further.
Growing environmental laws concerning the use of chlorofluorocarbons (CFC) and greenhouse gases (GHG) are predicted to fuel worldwide demand for transcritical CO2 in the coming years. Industrial refrigerants frequently employ chlorofluorocarbons such as carbon tetrachloride, dichlorofluoromethane, dimethyl ether, and ethane. These CFCs have a higher potential for ozone depletion and global warming as the chloride link in these chemicals interacts with the ozone molecule, breaking its molecular bond and releasing oxygen and chlorine monoxide molecules. This process depletes protective air layers and allows dangerous UV radiation from the Sun to penetrate through the layer.
The growing awareness of global warming has hampered the urgent need for chlorine-free refrigeration and heat pump systems. As a result, demand for transcritical CO2 technology is expected to rise quicker by the end of 2023. Transcritical CO2 technology employs CO2, which has better performance features such as zero global warming, ozone depletion potential, non-toxicity, and flammability.
The high initial cost of transcritical CO2 systems is one of the key constraints. Transcritical CO2 systems in comparison to ordinary refrigeration systems, need specialized components and infrastructure, which might raise the initial outlay. This can be difficult for firms with restricted expenditures, particularly small and medium-sized businesses. However, as demand for transcritical CO2 systems rises and technology progresses, economies of scale and more competition are anticipated to contribute to cost reductions in the long run. Additionally, transcritical CO2 systems face performance limitations in warmer climates, where the efficiency of gas coolers for heat rejection decreases, impacting overall system performance.
The growing demand for environmentally friendly refrigeration and heat pump technologies is the key opportunity. With stringent regulations and increasing environmental awareness, transcritical CO2 systems offer a viable alternative to high-GWP refrigerants, making them an attractive option for companies looking to reduce their carbon footprint. Additionally, the emphasis on energy efficiency presents an opportunity for transcritical CO2 systems, as they have demonstrated exceptional performance and energy savings, particularly in colder climates. Retrofitting existing refrigeration systems with transcritical CO2 technology is also an emerging opportunity, allowing companies to upgrade their systems to comply with regulations and improve efficiency without the need for complete replacements.
ATTRIBUTE | DETAILS |
Study period | 2022-2029 |
Base year | 2022 |
Estimated year | 2023 |
Forecasted year | 2023-2029 |
Historical period | 2018-2022 |
Unit | Value (USD Billion) (Thousand Units) |
Segmentation | By Function, By Application, By Region |
By Function |
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By Application |
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By Region
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Transcritical CO2 Systems Market Segment Analysis
The global transcritical CO2 systems market is segmented by function, application and region.
Based on function, the transcritical CO2 systems market is segmented into refrigeration, heating, air conditioning. The refrigeration segment currently dominates the transcritical CO2 systems market. The widespread use of transcritical CO2 systems in commercial refrigeration, particularly in supermarkets and cold storage facilities, has propelled the growth of this segment. Stringent regulations, environmental concerns, and the demand for energy-efficient refrigeration solutions have accelerated the adoption of transcritical CO2 systems in the refrigeration industry. They are employed in supermarkets, convenience stores, cold storage facilities, food processing plants, and other environments that require efficient and reliable cooling. Transcritical CO2 systems offer excellent performance in low-temperature refrigeration, ensuring optimal preservation of perishable goods.
While heating and air conditioning segments offer opportunities for transcritical CO2 systems, they are still developing and have yet to reach the same level of market dominance as refrigeration. These systems capitalize on the heat recovery capabilities of transcritical CO2, capturing waste heat from cooling processes and redirecting it for heating purposes. This energy-saving feature makes transcritical CO2 systems an attractive option for businesses and industries looking to reduce their energy consumption and carbon footprint while achieving efficient heating solutions.
Based on application, the transcritical CO2 systems market is classified into supermarkets and convenience stores, heat pumps, food processing & storage facilities, ice skating rinks, automobiles, others. The supermarkets and convenience stores application is expected to dominate the transcritical CO2 systems market. Supermarkets and convenience stores require reliable and efficient refrigeration systems to maintain the freshness and quality of perishable goods. With the growing emphasis on sustainability and energy efficiency in the retail industry, transcritical CO2 systems offer a compelling solution. The ability of transcritical CO2 systems to provide optimal cooling performance while minimizing environmental impact aligns with the goals of supermarkets and convenience stores to reduce their carbon footprint.
Transcritical CO2 systems are also widely used in heat pump applications. Heat pumps utilize the heat transfer capabilities of transcritical CO2 to provide heating and cooling for residential, commercial, and industrial spaces. These systems can extract heat from the environment and transfer it indoors during colder seasons, and reverse the process for cooling during warmer seasons.
Transcritical CO2 Systems Market Players
The global transcritical CO2 systems market key players include Carrier Corporation, Hillphoenix, Carnot Refrigeration, BITZER, Emerson Climate Technologies, Danfoss Group, Baltimore Aircoil Company, Henry Technologies, Inc., Systemes LMP, Inc., Panasonic, Green & Cool World Refrigeration AB, Parker Hannifin Corporation, SCM Frigo S.p.A.
25 May 2023: The BITZER Group announced its intent to acquire OJ Electronics A/S, headquartered in Sønderborg, Denmark. With this, BITZER is broadening its portfolio for electronic components for the HVAC&R industry.
May 16, 2023: Austrian supermarket chain MPREIS has started field trials of the country’s first hydrogen-powered truck for deliveries to its supermarkets in Tyrol.
Who Should Buy? Or Key stakeholders
- HVAC Contractors
- Food Processing Companies
- Cold Storage Facilities
- Industrial Plants
- Architects and Engineers
- Automotive Manufacturers
- Environmental Agencies and NGOs
- Government Bodies and Regulatory Authorities
- Research Institutions and Academia
- Energy Efficiency Consultants
- Investors and Financial Institutions
Transcritical CO2 Systems Market Regional Analysis
The transcritical CO2 systems market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
Europe is one of the leading regions in the transcritical CO2 systems market. The European Union’s F-Gas regulations, which aim to phase out high global warming potential (GWP) refrigerants, have propelled the adoption of transcritical CO2 systems in various applications. The region’s strong emphasis on sustainability, energy efficiency, and green building practices has created favorable conditions for the growth of transcritical CO2 systems, particularly in retail, industrial, and commercial sectors.
North America has been at the forefront of environmental initiatives, making it a significant market for transcritical CO2 systems. The region has been proactive in adopting sustainable and energy-efficient solutions, driven by stringent environmental regulations and increasing consumer awareness. The presence of major supermarket chains and food processing industries, along with government incentives promoting eco-friendly technologies, has contributed to the rapid growth of transcritical CO2 systems in North America.
Key Market Segments: Transcritical CO2 Systems Market
Transcritical CO2 Systems Market by Function 2022-2029, (USD Billion) (Thousand Units)
- Refrigeration
- Heating
- Air Conditioning
Transcritical CO2 Systems Market by Application, 2022-2029, (USD Billion) (Thousand Units)
- Supermarkets and Convenience Stores
- Heat Pumps
- Food Processing & Storage Facilities
- Ice Skating Rinks
- Automobiles
- Others
Transcritical CO2 Systems Market by Regions, 2022-2029, (USD Billion) (Thousand Units)
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Important Countries in All Regions Are Covered
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the transcritical CO2 systems market over the next 7 years?
- Who are the major players in the transcritical CO2 systems market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the transcritical CO2 systems market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the transcritical CO2 systems market?
- What is the current and forecasted size and growth rate of the global transcritical CO2 systems market?
- What are the key drivers of growth in the transcritical CO2 systems market?
- What are the distribution channels and supply chain dynamics in the transcritical CO2 systems market?
- What are the technological advancements and innovations in the transcritical CO2 systems market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the transcritical CO2 systems market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the transcritical CO2 systems market?
- What are the service offerings and specifications of leading players in the market?
Table of Content
INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON TRANSCRITICAL CO2 SYSTEMS MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET OUTLOOK
- GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION, 2020-2029, (USD BILLION) (THOUSAND UNITS)
- TRADITIONAL
- RAPID INFLUENZA DETECTION TESTS
- VIRAL CULTURE
- IMMUNOASSAY KITS
- OTHERS
- MOLECULAR
- RAPID MOLECULAR ASSAYS
- REVERSE TRANSCRIPTION-POLYMERASE CHAIN REACTION {RT-PCR}
- NUCLEIC ACID AMPLIFICATION
- TRADITIONAL
- GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION, 2020-2029, (USD BILLION) (THOUSAND UNITS)
- CLINICAL LABORATORIES
- HOSPITALS
- RESEARCH & ACADEMIC INSTITUTES
- DIAGNOSTIC LABORATORIES
- GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET BY REGION, 2020-2029, (USD BILLION) (THOUSAND UNITS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCT OFFERED, RECENT DEVELOPMENTS)
- CARRIER CORPORATION
- DANFOSS GROUP
- HILLPHOENIX
- CARNOT REFRIGERATION
- BITZER
- EMERSON CLIMATE TECHNOLOGIES
- BALTIMORE AIRCOIL COMPANY
- HENRY TECHNOLOGIES, INC.
- SYSTEMES LMP, INC.
- PANASONIC
- GREEN & COOL WORLD REFRIGERATION AB
- PARKER HANNIFIN CORPORATION
- SCM FRIGO S.P.A. *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET BY REGION (USD BILLION) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET BY REGION (THOUSAND UNITS) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â US TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â US TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC TRANSCRITICAL CO2 SYSTEMS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC TRANSCRITICAL CO2 SYSTEMS MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE TRANSCRITICAL CO2 SYSTEMS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE TRANSCRITICAL CO2 SYSTEMS MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UK TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UK TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UK TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â UK TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â ITALY TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â ITALY TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â ITALY TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â SPAIN TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â SPAIN TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â SPAIN TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â SPAIN TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â RUSSIA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â RUSSIA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â RUSSIA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â RUSSIA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA TRANSCRITICAL CO2 SYSTEMS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA TRANSCRITICAL CO2 SYSTEMS MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â UAE TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â UAE TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â UAE TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â UAE TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (THOUSAND UNITS) 2020-2029
TABLE 135Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 136Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2020-2029
FIGURE 11Â Â Â Â Â Â Â Â Â Â GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET BY REGION (USD BILLION) 2020-2029
FIGURE 12          PORTER’S FIVE FORCES MODEL
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET BY FUNCTION (USD BILLION) 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET BY APPLICATION (USD BILLION) 2021
FIGURE 16Â Â Â Â Â Â Â Â Â Â GLOBAL TRANSCRITICAL CO2 SYSTEMS MARKET BY REGION (USD BILLION) 2021
FIGURE 17Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 18Â Â Â Â Â Â Â Â Â Â CARRIER CORPORATION: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â DANFOSS GROUP: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â HILLPHOENIX: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â CARNOT REFRIGERATION: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â BITZER: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â EMERSON CLIMATE TECHNOLOGIES: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â BALTIMORE AIRCOIL COMPANY: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â HENRY TECHNOLOGIES, INC.: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â SYSTEMES LMP, INC.: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â PANASONIC: COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â Â Â Â GREEN & COOL WORLD REFRIGERATION AB: COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â Â Â Â PARKER HANNIFIN CORPORATION: COMPANY SNAPSHOT
FIGURE 30Â Â Â Â Â Â Â Â Â Â SCM FRIGO S.P.A.: COMPANY SNAPSHOT
FAQ
The global transcritical CO2 systems market is projected to reach USD 93.30 billion by 2029 from USD 22.38 billion in 2020, at a CAGR of 18.4 % from 2022 to 2029.
The global transcritical CO2 systems market registered a CAGR of 18.4 % from 2022 to 2029.
The low ecological effect of transcritical CO2 frameworks, rigorous government regulations for the eradication of CFC, HCFC, and HFC refrigerants, and rising demand for refrigeration and cooling applications are the primary market drivers.
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