What’s So Trendy About Transcritical CO2 Systems Market That Everyone Went Crazy Over It ?

The transcritical CO2 systems market is estimated to grow from USD 27.2 billion in 2018 to USD 61.8 billion by 2023, at a CAGR of 17.9%. The major driving factors for the transcritical CO2 systems market are the low environmental impact of transcritical CO2 systems; phasing out of CFC, HCFC, and HFC refrigerants; increasing demand for refrigeration and air-conditioning applications; and low operating costs of transcritical CO2 refrigeration systems.

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The refrigeration function segment is expected to grow at the highest rate due to the increasing demand from the construction and infrastructure sectors.

Refrigeration is mostly used in supermarkets and convenience stores. Transcritical CO2 refrigeration has a high safety rating and is non-toxic and non-flammable. Additionally, these systems are used in the refrigeration processes due to their high volumetric cooling capacity.

Supermarkets & convenience stores application segment is the largest segment.

Refrigeration systems account for more than 50% of the total electricity consumption in supermarkets. The use of transcritical CO₂ helps retailers reduce energy consumption by reducing the maintenance cost of refrigeration systems. Transcritical CO2 systems operate at higher pressure than other refrigeration systems. Low Ozone-Depletion Potential (ODP) and low Global Warming Potential (GWP) of these systems make them preferable in supermarkets in Europe, Australia, and Japan.

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♦ Companies covered -

Carrier Commercial Refrigeration (US), Green & Cool World Refrigeration AB (Sweden), Hillphoenix, Inc. (US), Advansor (Denmark), Danfoss (Denmark), BITZER (Germany), Carnot Refrigeration (Canada), SCM Frigo S.p.A. (Italy), Emerson Climate Technologies (US), Baltimore Aircoil Company (US), Henry Technologies, Inc. (US), Systemes LMP, Inc. (Canada), Mayekawa Mfg. Co., Ltd. (Japan) and Panasonic (Japan)

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