PUBLISHER: Lucintel | PRODUCT CODE: 1417960
PUBLISHER: Lucintel | PRODUCT CODE: 1417960
Transcritical CO2 System Trends and Forecast
The future of the global transcritical CO2 system market looks promising with opportunities in the supermarket and convenience store, heat pump, food processing & storage facility, and ice skating rink markets. The global transcritical CO2 system market is expected to reach an estimated $69.8 billion by 2030 with a CAGR of 16.5% from 2024 to 2030. The major drivers for this market are demand for refrigeration and air-conditioning applications is growing, improved performance and lower operating costs for transcritical CO2 refrigerant system, and implementation of strict environmental laws governing the use of chlorofluorocarbons and greenhouse gasses.
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Transcritical CO2 System by Segment
The study includes a forecast for the global transcritical CO2 system by function, application, and region.
List of Transcritical CO2 System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies transcritical CO2 system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the transcritical CO2 system companies profiled in this report include-
Transcritical CO2 System Market Insights
Lucintel forecasts that refrigeration will remain the largest segment over the forecast period due to growing demand from supermarkets and food sellers for HFC-free technologies, as well as, the demand for natural refrigerants used in heating processes has increased owing to growing environmental awareness and stricter construction norms and regulations.
Europe will remain the largest region over the forecast period due to an increase in the need for CO2 condensing equipment in small-format retailers, fast-food franchises, restaurants, and ongoing projects in the region.
Features of the Global Transcritical CO2 System Market
Market Size Estimates: Transcritical CO2 system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Transcritical CO2 system market size by function, application, and region in terms of value ($B).
Regional Analysis: Transcritical CO2 system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different function, application, and regions for the transcritical CO2 system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the transcritical CO2 system market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the transcritical CO2 system market size?
Answer: The global transcritical CO2 system market is expected to reach an estimated $69.8 billion by 2030.
Q2. What is the growth forecast for transcritical CO2 system market?
Answer: The global transcritical CO2 system market is expected to grow with a CAGR of 16.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the transcritical CO2 system market?
Answer: The major drivers for this market are demand for refrigeration and air-conditioning applications is growing, improved performance and lower operating costs for transcritical CO2 refrigerant system, and implementation of strict environmental laws governing the use of chlorofluorocarbons and greenhouse gasses.
Q4. What are the major segments for transcritical CO2 system market?
Answer: The future of the global transcritical CO2 system market looks promising with opportunities in the supermarket and convenience store, heat pump, food processing & storage facility, and ice skating rink markets.
Q5. Who are the key transcritical CO2 system market companies?
Answer: Some of the key transcritical CO2 system companies are as follows.
Q6. Which transcritical CO2 system market segment will be the largest in future?
Answer: Lucintel forecasts that refrigeration will remain the largest segment over the forecast period due to growing demand from supermarkets and food sellers for HFC-free technologies, as well as, the demand for natural refrigerants used in heating processes has increased owing to growing environmental awareness and stricter construction norms and regulations.
Q7. In transcritical CO2 system market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to an increase in the need for CO2 condensing equipment in small-format retailers, fast-food franchises, restaurants, and ongoing projects in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.