Europe Transcritical CO2 Market Size to Hit US$ 94.20 Billion by 2032, Grow at a 15.3% CAGR

New York, April 28, 2024 (Polaris Market Research) The Europe Transcritical CO2 Market, in terms of revenue, was estimated to be worth USD 26.26 billion in 2023 and is foreseen to reach USD 94.20 billion by 2032, growing at a CAGR of 15.3% from 2024 to 2032, according to a recent report by Polaris Market Research. Growing demand in the refrigeration industry for natural refrigerants and energy-efficient solutions is propelling the market expansion.

When carbon dioxide (CO2) 's temperature and pressure are higher than the critical point, the gas is said to be transcritical. Because of its special qualities, CO2 is an eco-friendly and adaptable working fluid that may be used in various settings, most notably power production, heating, and refrigeration systems.

The cycle in which CO2 runs, which includes both supercritical and subcritical phases, makes effective heat transmission and energy exchange possible in transcritical CO2 systems. Also, comparing transcritical CO2 systems to other kinds of refrigeration systems reveals a number of benefits. The systems are economical, efficient, and kind to the environment.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/europe-transcritical-co2-market/request-for-sample

𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

• Advansor A/S
• Baltimore Aircoil Company
• BITZER KÜHLMASCHINENBAU GMBH
• Carnot Refrigeration Inc.
• Carrier Commercial Refrigeration
• Danfoss GmbH
• Emerson Electric Co.
• Green & Cool
• Henry Group Industries
• Hillphoenix (A Dover Company)
• Mayekawa Co. Ltd.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/3684/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

𝐁𝐲 𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧

• Refrigeration
• Heating
• Air Conditionings

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

• Heat Pumps
• Retail
• Food Processing
• Ice Skating Rinks
• Others

𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬

The Europe transcritical CO2 market is mostly driven by the need to adhere to environmental rules, such as the EU's F-Gas Regulation 2014, which intends to phase down hydrofluorocarbons (HFCs) due to their significant potential for global warming and cut greenhouse gas emissions. Furthermore, end customers now have greater access to transcritical CO2 systems due to the advancement of advanced component technologies, and system designs that increase their effectiveness and affordability.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The report has also provided a thorough breakdown of all the primary regional markets, which include the UK, France, Germany, Italy, Spain, Netherlands, Russia, and the Rest of Europe.

Due to its aggressive carbon footprint reduction goals and leadership in the adoption of eco-friendly technologies, France commands the lion's share of sales in the Europe transcritical CO2 market. Supermarkets and hypermarkets, among the largest end users of transcritical CO2 systems, are also widely distributed throughout France.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/europe-transcritical-co2-market

𝐄𝐮𝐫𝐨𝐩𝐞 𝐓𝐫𝐚𝐧𝐬𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐂𝐎𝟐 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• In 2023, the European transcritical CO2 market saw the refrigeration sector generating the highest revenue share. This was due to the broad usage of CO2 as a refrigerant in numerous applications like industrial refrigeration systems, convenience stores, and supermarkets.

• Several factors have contributed to the retail sector's significant market share in 2023. These include a rise in the demand for natural refrigerants and the gradual reduction of hydrofluorocarbons (HFCs) due to environmental concerns. As a result, retailers are increasingly interested in utilizing CO2-based systems.

• France has emerged as the dominant country in the European market, owing to its unwavering commitment to integrating eco-friendly technologies in its operations. The country's ambitious targets to reduce its carbon footprint have played a crucial role in cementing its position as a leader in this space.

• The key market players include Advansor A/S, Baltimore Aircoil Company, BITZER KÜHLMASCHINENBAU GMBH, Carnot Refrigeration Inc., Carrier Commercial Refrigeration, Danfoss GmbH, Emerson Electric Co., Green & Cool, Henry Group Industries, Hillphoenix (A Dover Company), Mayekawa Co. Ltd., etc.

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐟 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐂𝐥𝐞𝐚𝐧 𝐋𝐚𝐛𝐞𝐥 𝐌𝐨𝐥𝐝 𝐈𝐧𝐡𝐢𝐛𝐢𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3417580/synergizing-operations-manned-unmanned-teaming-mum-t

𝐃𝐢𝐠𝐞𝐬𝐭𝐢𝐯𝐞 𝐇𝐞𝐚𝐥𝐭𝐡 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3417595/shielding-innovations-emc-shielding-and-test-equipment-market

𝐅𝐚𝐮𝐥𝐭 𝐃𝐞𝐭𝐞𝐜𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐂𝐥𝐚𝐬𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3417623/embracing-the-future-industry-5-0-market-trends-and-growth

𝐈𝐧𝐭𝐞𝐧𝐬𝐢𝐭𝐲 𝐌𝐨𝐝𝐮𝐥𝐚𝐭𝐞𝐝 𝐑𝐚𝐝𝐢𝐨𝐭𝐡𝐞𝐫𝐚𝐩𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3417637/charging-ahead-ev-charging-communication-unit-market-business

𝐔𝐥𝐭𝐫𝐚𝐬𝐨𝐧𝐢𝐜 𝐀𝐢𝐫 𝐁𝐮𝐛𝐛𝐥𝐞 𝐃𝐞𝐭𝐞𝐜𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3417660/insuring-cooperation-takaful-insurance-market-regional

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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This release was published on openPR.