Industry Background:
Transcritical CO2 systems are the most promising solutions for using natural refrigerants in retail contexts, above all in weathers that are not too hot. In these systems, CO2 is cooled but does not condense at the gas cooler outlet, being above the critical temperature. A booster system is when there are two stages of compression of the same refrigerant, therefore the CO2 discharged by the low-temperature compressors flows, via an intercooler, to the suction port of the medium temperature compressors. It has various properties which comprise low GWP value in comparison to other refrigerants, can be used for low and medium temperature applications. Zero ODP, allows heat rejection, can be used in all environmental surroundings. The usage of transcritical Co2 systems have not any harmful effects on the ozone layer as well as the environment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Advansor (Denmark), Teko GmbH (Germany), Carrier Commercial Refrigeration (United States), Green & Cool World Refrigeration Ab (Sweden), Hillphoenix, Inc. (United States), Danfoss (Denmark), BITZER (Germany), Carnot Refrigeration (Germany), Emerson Climate Technologies (United States), Panasonic Corporation (Japan) and Cryogiam S.r.l. (Italy) |
According to AMA, the market for Transcritical Co2 Systems is expected to register a CAGR of 21.7% during the forecast period to 2030. This growth is primarily driven by Need for Systems with Low Environmental Impact, Phasing Out CFC, HCFC, and HFC Refrigerants and Increasing Demand for Refrigeration and Air-Conditioning Applications.
Globally, a noticeable market trend is evident CO2 Cost of Equipment Decreasing
The Electrical Components & Equipment sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Advansor (Denmark), Teko GmbH (Germany), Carrier Commercial Refrigeration (United States), Green & Cool World Refrigeration Ab (Sweden), Hillphoenix, Inc. (United States), Danfoss (Denmark), BITZER (Germany), Carnot Refrigeration (Germany), Emerson Climate Technologies (United States), Panasonic Corporation (Japan) and Cryogiam S.r.l. (Italy), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Some of the major companies associated with the manufacturing of transcritical systems are Advansor, Teko GmbH, Carrier Commercial Refrigeration, Green & Cool World Refrigeration Ab, Hillphoenix, Inc., among others. They are continuously adopting various strategies to gain maximum market share within the industry. Some of the companies are innovating natural refrigeration solutions for a broad range of applications and all climate zones. The market is highly competitive, as giant players are rapidly innovating new product standards to attract the customers.
Key Developments in the Market:
In February 2019, Cryogiam S.r.l. announced the launch of Co2 Transcritical condensing units and double compressor systems range that will is designed to operate in an ambient temperature of 40°C to decrease footprint while providing easy installation and accessibility with high water resistance to provide auxiliary cooling system.
In September 2023,The global demand for natural refrigerants such as CO2 is increasing. To become more competitive in the range of transcritical refrigeration systems, we are now offering the new SWEP B285H, targeting applications with single-phase fluids, high heat loads and demanding pressure requirements. This is the first product launched in our B285 family.
Influencing Trend:
CO2 Cost of Equipment Decreasing and Increasing Use of Transcritical Co2 Systems in Hydrocarbons Growth
Market Growth Drivers:
Need for Systems with Low Environmental Impact, Phasing Out CFC, HCFC, and HFC Refrigerants and Increasing Demand for Refrigeration and Air-Conditioning Applications
Challenges:
Few Companies for the Purification of CO2 Refrigerants and Lack of Training and Awareness about Transcritical CO2 Refrigerant Systems among HVAC Contractors and Technicians
Restraints:
The requirement of Higher Initial Capital Investment and Low Demand for Transcritical CO2 Systems
Opportunities:
Lower Operating Cost of Transcritical CO2 Refrigerant Systems Along With Enhanced Performance
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Transcritical Co2 Systems Market
- Analysis about New Entrants in Transcritical Co2 Systems Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Transcritical Co2 Systems Study Sheds Light on
The Transcritical Co2 Systems Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Transcritical Co2 Systems industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Transcritical Co2 Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.