Transcritical CO2 Market Research and Forecast Report 2023-2028

1. Global Transcritical CO2 Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Transcritical CO2 Market Research Report: The latest report by IMARC, titled “Transcritical CO2 Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” " the global transcritical CO2 market size reached US$ 44.7 Billion in 2022. Transcritical carbon dioxide (CO2) is a refrigeration system that uses CO2 as a natural refrigerant for cooling and heating applications. It consists of various components, such as a gas cooler to dissipate heat and a high-pressure expansion valve to control the evaporator. It is widely used in cold storage facilities, supermarkets, industrial processes, convenience stores, heat pumps, ice skating rinks, and food processing units. Transcritical CO2 is an eco-friendly, non-toxic, chlorine-free, and non-inflammable system that provides high energy efficiency and better heat transfer properties. It is also a cost-effective system with low leakage rates, enhanced safety, reliability, and minimum ozone depletion potential. Request Free Sample Report: https://www.imarcgroup.com/transcritical-co2-market/requestsample

4. Report Description and Highlights Report Description Global Transcritical CO2 Market Trends: The significant growth in the retail industry across the globe is one of the key factors creating a positive outlook for the market. Transcritical CO2 is widely used in various retail establishments for refrigeration applications, as it requires low maintenance, reduces energy consumption, and is a cost-effective solution. In addition to this, the widespread system adoption in the food processing and commercial cold storage facilities to maintain the freshness of products and offer longer shelf-life is acting as another growth-inducing factor. Furthermore, the rising demand for air conditioning, building heating, and hot water supply applications in the hospitality and residential spaces are providing an impetus to the market growth. Additionally, the recent advancement in the automotive transcritical CO2 technology capable of meeting all the thermal management requirements of a vehicle, such as passenger compartments cooling or heating, temperature control of battery pack, and cooling of motor and electrical systems, is positively influencing the market growth. Moreover, increasing awareness among the masses regarding the adverse environmental impact of various fluorocarbon refrigerants, such as chlorofluorocarbon (CFC), hydrofluorocarbon (HFC), and hydrochlorofluorocarbon (HCFC), is favoring the market growth. In line with this, stringent policies by several governments to reduce the utilization of fluorinated gases are propelling the market growth. Other factors, including rising consumer awareness regarding various benefits of transcritical CO2 systems, increasing concerns regarding global warming, and the widespread system utilization in margarine production, beer brewing, and ice- making industries, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 117.1 Billion by 2028, exhibiting a CAGR of 16.7% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: 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

6. Report Description and Highlights Report Description • 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

7. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • 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 Corporation and SCM Frigo S.p.A. View Full Report with TOC & List of Figure: https://www.imarcgroup.com/transcritical-co2-market

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10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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