Press release
Transcritical CO2 Market 2022 to 2027 - Top Companies Overview, Size, Analysis, Industry Share and Forecast Report
COVID-19 Impact on Market: (Positive Impact)
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Industry Definition and Application:
Transcritical CO2 represents a refrigeration system comprising a gas cooler to dissipate heat and a high-pressure expansion valve to control the evaporator. It is non-flammable, environmental-friendly, non-toxic, and has good heat transfer properties with a high latent heat of vaporization. Transcritical CO2 is cost-effective as compared to conventional refrigeration systems. In line with this, it assists in recovering the rejected heat, on account of the higher enthalpy of the system that can be used for building heating, ventilation, and air conditioning (HVAC), and domestic hot water. Consequently, transcritical CO2 finds extensive applications in the retail and food and beverage (F&B) industries across countries.
Global Transcritical CO2 Market Trends and Drivers:
The escalating demand for air conditioning units in the hospitality and residential sectors is primarily driving the transcritical CO2 market. Additionally, the implementation of various stringent regulations by government bodies to reduce the use of fluorinated gases (F-gases) is further catalyzing the market growth. Besides this, the widespread adoption of CO2 as an alternative, owing to its high energy performance and the same technical reliability as HFC-134a refrigerant, is acting as another significant growth-inducing factor.
Moreover, the rising utilization of transcritical CO2 in cold storage facilities and the increasing consumer environmental concerns are also positively influencing the global market. Apart from this, high maintenance costs of hydro-chlorofluorocarbon (HCFC) and chlorofluorocarbon (CFC) based equipment are anticipated to fuel the transcritical CO2 market over the forecasted period.
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Global Transcritical CO2 Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
Baltimore Aircoil Company Inc. (AMSTED Industries Incorporated), Bitzer SE, Carnot Refrigeration (M&M Refrigeration), Carrier Global Corporation, Danfoss, Dorin S.p.A., Emerson Electric Co., Hill Phoenix Inc. (Dover Corporation), Mayekawa Mfg. Co. Ltd., Panasonic Holdings Corporationz and SCM Frigo S.p.A.
The report has segmented the market on the basis of region, function and application.
Breakup by Function:
• Refrigeration
• Heating
• Air Conditioning
Breakup by Application:
• Supermarkets and Convenience Stores
• Ice Skating Rinks
• Food Processing and Storage Facilities
• Heat Pumps
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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