Global Transcritical CO2 Systems Market, By Function (Refrigeration, Heating, Air Conditioning), Application (Supermarkets and Convenience Stores, Heat Pumps, Food Processing and Storage Facilities, Ice Skating Rinks, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Transcritical CO2 Systems Market
The transcritical CO2 systems market is expected to witness market growth at a rate of 17.4% in the forecast period of 2021 to 2028. Data Bridge Market Research report on transcritical CO2 systems market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the system for various applications is escalating the growth of transcritical CO2 systems market.
Transcritical CO2 systems refer to the type of environmental friendly and dependable systems which operate above the critical point. These systems are considered as the most promising solutions that make the use of natural refrigerants in retail contexts. The heat recovery function tends to exploit the heat normally dissolute via gas cooler for space heating or domestic hot water production. These systems are known to be suitable for medium to large supermarkets, light industrial processes and cold storage facilities.
The increase in the demand for refrigeration and air-conditioning applications across the globe acts as one of the major factors driving the growth of transcritical CO2 systems market. The rise in need for managing lifetime operation of HCFC and CFC based equipment and increase in the concerns regarding global warming among population accelerates the market growth. The surge in demand for CO2 as an alternative on account of its high energy performance and the same technical reliability as HFC-134a further influences the market. Additionally, required global phase-out of HCFCs, urbanization and industrialization and low environmental impact of the systems positively affect the transcritical CO2 systems market. Furthermore, low operating cost of transcritical CO2 refrigerant systems and enhanced performance extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, higher initial capital investment and concerns regarding flammability and toxicity issues are expected to obstruct the market growth. Lack of training and awareness about transcritical CO2 refrigerant systems among Hvac contractors and decline in the demand for the systems are projected to challenge the transcritical CO2 systems market in the forecast period of 2021-2028.
This transcritical CO2 systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on transcritical CO2 systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Transcritical CO2 Systems Market Scope and Size
The transcritical CO2 systems market is segmented on the basis of function and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material type, the transcritical CO2 systems market is segmented into refrigeration, heating, and air conditioning.
- On the basis of application, the transcritical CO2 systems market is segmented into supermarkets and convenience stores, heat pumps, food processing and storage facilities, ice skating rinks, and others. Others are further segmented into hotels, buildings, and water treatment plants.
Global Transcritical CO2 Systems Market Country Level Analysis
The transcritical CO2 systems market is analyzed and market size, volume information is provided by country, function and application as referenced above.
The countries covered in the global transcritical CO2 systems market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the transcritical CO2 systems market due to the presence of prominent players and stringent regulations within the region. North America is expected to witness high growth during the forecast period of 2021 to 2028 because of the rise in focus on the environmental impacts from the leakage of refrigerants among others in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Transcritical CO2 Systems Market Share Analysis
The transcritical CO2 systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to transcritical CO2 systems market.
The major players covered in the transcritical CO2 systems market report are Carrier Commercial Refrigeration, SCM Frigo S.p.A, Emerson Electric Co., Danfoss A/S, Dorin S.p.A, Baltimore Aircoil Company, Bitzer SE, LMP Systems, MAYEKAWA MFG. CO., LTD., Henry Group Industries, Panasonic Corporation, Carel Industries S.p.A, Parker Hannifin Corp., GEA Group Aktiengesellschaft, Hussmann Corporation, Kysor Warren Corp., LU-VE S.p.A, ALFA LAVAL, Ritchie Engineering Co., Inc., and Thermal Transfer Technology Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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