Transcritical Co2 Systems Market Expected To Contribute Significantly In Global Market With CAGR of +15% By 2025 : Carrier Corporation, Emerson, Danfoss and Baltimore Aircoil Company

Growing Demand from Supermarkets and Food Processing Industry, Increasing Threats of Ozone Depletion and Global Warming, is expected to drive the market for global transcritical CO2, market in the forecast period of 2019 to 2025. Danfoss A/S, Panasonic Corporation, Emerson Electric Co., Carrier Commercial Refrigeration are dominating the market for Global Transcritical CO2 Market in 2019.

Market Definition

Transcritical CO2 systems and compressors uses CO2 as a working fluid and these systems are used in refrigeration processes in many applications like compressors in household appliances, transcritical CO2 system in retail segments such as supermarkets and hypermarkets.Due to the usage of transcritical CO2 systems, the depletion of ozone layer and the harmful effects on the environment has been reduced and also is cost effective. It is widely applicable in many industries which include transportation, ice skating rink, retail stores, household applications and others.

Europe is expected to occupy the top spot in the market in 2019.

European markets include Germany, Norway, Denmark, United Kingdom, Switzerland and Sweden. The European transcritical carbon dioxide system market is expected to grow considerably due to the recent F-Gas regulatory / HFC phased disposal plan that mandates that HFC refrigerant usage should be reduced by almost half by 2025. It is one of the end-user entities that has already transitioned to a refrigeration system based on a transcritical carbon dioxide system, such as Tesco (UK) and Metro AG (Germany).

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Market Drivers

Growing Demand from Supermarkets and Food Processing Industry-
Transcritical CO2 systems are largely gaining popularity in the supermarket and food processing industry. Transcritical (TC) CO2 booster systems uses carbon dioxide as the base working fluid and have lower direct environmental impact, owing to its non- toxic and low-GWP refrigerant. In addition to this, the usage of Transcritical CO2 systems also results in reduced power consumption. It is considered as another major driver for the growing demand of the Transcritical CO2 systems in the supermarkets.
For instance, according to the data provided by the U.S. Department of Energy, in 2013, there were about 37,000 supermarkets reported in the United States. These stores defined as food stores, each having more than USD 2 million annual sales. Refrigeration energy consumption in an average supermarket which is responsible for 30% to 50% of the total supermarket energy consumption. Thus, the marginal improvements in the efficiency of a refrigeration system, is therefore considered for the significant energy savings.

The key market players for global transcritical CO2 market are listed below:

• Danfoss A/S
• Panasonic Corporation
• Emerson Electric Co.
• Carrier Commercial Refrigeration
• GEA Group Aktiengesellschaft
• ALFA LAVAL
• Bitzer SE
• Baltimore Aircoil Company
• Carel Industries S.p.A
• Carnot Refrigeration

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OPPORTUNITIES

Rising Number of Installations-
Owing to the rising environmental concerns, major market players are now switching towards the transcritical CO2 systems and this in turn is creating new business opportunities for the growth of global transcritical CO2 market, during the forecast period of 2019-2025.
• In 2016, Recheio, one of the largest cash-and-carry chain of stores operating in Portugal, had opened its first transcritical CO2 store, in Sines. This has to be used for refrigeration, space heating, and space cooling, using water. In addition, it has also been applicable for the store’s heating needs.
• In 2016, SCM frigo, a key player in the global transcritical CO2 market, had launched the first ice skating rink with CO2 in a transcritical mode for Belgian national ice hockey team which will help in reducing the energy consumption.

Market Segmentation
The transcritical CO2 market is segmented into two notable segment which are End users and Geography.
On the basis of End Users, the market is segmented into retail, food processing industries, ice skating rinks, marine, transportation and household appliance.
On the basis of Geography, the market is segmented into (North America, Europe, Asia-Pacific, South America, Middle East and Afric

Increasing Threats of Ozone Depletion and Global Warming-
Due to the human activity or the chemical made by the humans which consists of bromine or chlorine are usually known as Ozone Depleting Substances (ODS) and also due to the ultraviolet rays. Bromine and Chlorine depletes the ozone layer at a very high speed by removing an atom from the ozone molecule. As thousands of ozone molecules can be broken down by just one molecule of chlorine. Ozone depleting substances consists of Chlorofluorocarbons (CFCs), methyl chloroform and carbon tetrachloride, Hydrochlorofluoro carbons (HCFCs). Rising awareness regarding these factors, is fueling the demand for the environment friendly alternative such as Transcritical CO2.

Major growing sectors under the market segmentation are as follows:

In end users, retail segment is growing at highest CAGR because of the increase in numbers of small stores, supermarkets, hypermarkets in all the regions which eventually increase in demand of trancritical CO2 refrigeration systems for various products like dairy, pharmaceuticals, medicines and others. Companies such as Carrier Commercial Refrigeration, a Europe based solutions provider of heating, air conditioning and refrigeration, has launched MICROCO2OL which is a Air-Cooled Condensing Unit CO₂ Transcritical / Booster system which uses CO2 as a refrigerant, saving energy and is economical and can be used for low, medium and high temperature applications and can be used in Convenient stores, gasoline stations, smallest applications with its cooling capacity of 1.3 – 6.0 Kw.

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Table of Content
1 Transcritical CO2 Market Overview
2 Global Transcritical CO2 Market Competition by Manufacturers
3 Global Transcritical CO2 Production Market Share by Regions
4 Global Transcritical CO2 Consumption by Regions
5 Global Transcritical CO2 Production, Revenue, Price Trend by Type
6 Global Transcritical CO2 Market Analysis by Applications
7 Company Profiles and Key Figures in Transcritical CO2 Business
8 Transcritical CO2 Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Transcritical CO2 Market Forecast (2019-2025)
12 Research Findings and Conclusion
13 Methodology and Data Source

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