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Transcritical Co2 Systems Market by Function (Refrigeration, Heating, Air Conditioning), Application (Supermarkets And Convenience Stores, Heat Pumps, Food Processing & Storage Facilities, Ice Skating Rinks), and Region - Global Forecast to 2023

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Date: 15-Jan-2019
No. of pages: 149
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The transcritical CO2 systems market is projected to grow at a CAGR of 17.9% from 2018 to 2023

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

Based on function, the refrigeration segment is expected to be the largest

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 refrigeration processes due to their high volumetric cooling capacities.

Based on application, supermarkets & convenience stores segment is expected to be the largest application 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 pressures 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.

Europe is expected to lead the transcritical CO2 systems market

The Europe transcritical CO2 systems market is projected to lead the transcritical CO2 systems market.

The transcritical CO2 systems market in Europe is expected to witness significant growth on account of the recent F-Gas regulations/HFC phase-out plan which dictates the reduction of use of HFC refrigerants by almost half by 2025. The region also houses the highest number of enduser entities, such as Tesco (UK) and Metro AG (Germany) that have already switched to refrigeration systems based on transcritical CO2 systems.

Profile break-up of primary participants for the report:


  • By Company Function: Tier 1 – 42 %, Tier 2 – 25%, Tier 3 – 33%

  • By Designation: C level – 33%, Director level – 22%, Others – 45%

  • By Region: North America– 50%, Europe– 17%, Asia Pacific– 25%, Middle East & Africa – 5%, and South America – 3%


Research Coverage:

As part of the qualitative analysis, this research study provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. The report defines, describes, and forecasts the transcritical CO2 systems market based on function, application, and region. It provides a strategic analysis of micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market.

It also discusses the competitive strategies adopted by various market players, such as 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).

Key benefits of buying the report:

From an insight perspective, this research report has focused on various levels of analyses — industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the transcritical CO2 systems market, high-growth regions, and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:


  • Market Penetration: Comprehensive information on transcritical CO2 systems offered by top players in the transcritical CO2 systems market

  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the transcritical CO2 systems market

  • Market Development: Comprehensive information about lucrative emerging markets –the report analyzes the markets for transcritical CO2 systemsacross regions

  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the transcritical CO2 systems market

  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the transcritical CO2 systems market

Transcritical Co2 Systems Market by Function (Refrigeration, Heating, Air Conditioning), Application (Supermarkets And Convenience Stores, Heat Pumps, Food Processing & Storage Facilities, Ice Skating Rinks), and Region - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation Methodology
2.4 Research Assumptions
2.4.1 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Transcritical CO2 Systems Market
4.2 Transcritical CO2 Systems Market, By Region
4.3 Europe Transcritical CO2 Systems Market, By Application & Country
4.4 Transcritical CO2 Systems Market, By Application & Region
4.5 Top Countries in Transcritical CO2 Systems Market

5 Market Overview
5.1 Introduction
5.2 Evolution
5.3 Transcritical CO2 System
5.4 Comparison of CO2 With Ammonia and Hydrocarbons
5.5 Market Dynamics
5.5.1 Drivers
5.5.1.1 Low Environmental Impact
5.5.1.2 Phasing Out CFC, HCFC, and  HFC Refrigerants
5.5.1.3 Increasing Demand for Refrigeration and Air-Conditioning Applications
5.5.2 Restraints
5.5.2.1 Requirement of Higher Initial Capital Investment
5.5.2.2 Low Demand for Transcritical CO2 Systems
5.5.2.3 Flammability and Toxicity Issues
5.5.3 Opportunities
5.5.3.1 Effects of Global Warming
5.5.3.2 Lower Operating Cost of Transcritical CO2 Refrigerant Systems Along With Enhanced Performance
5.5.4 Challenges
5.5.4.1 Few Companies for the Purification of CO2 Refrigerants
5.5.4.2 Lack of Training and Awareness About Transcritical CO2 Refrigerant Systems Among Hvac Contractors and Technicians
5.6 Macroeconomic Indicators
5.6.1 Annual GDP Growth of Major Economies
5.6.1.1 Cold Storage
5.6.1.2 Construction
5.6.1.3 Manufacturing
5.7 Porter’s Five Forces Analysis
5.7.1 Threat of New Entrants
5.7.2 Bargaining Power of Suppliers
5.7.3 Threat of Substitutes
5.7.4 Bargaining Power of Buyers
5.7.5 Intensity of Rivalry

6 Transcritical CO2 Systems Market, By Function
6.1 Introduction
6.2 Refrigeration
6.3 Heating
6.4 Air Conditioning

7 Transcritical CO2 Systems Market, By Application
7.1 Introduction
7.2 Supermarkets & Convenience Stores
7.3 Heat Pumps
7.4 Food Processing & Storage Facilities
7.5 Ice Skating Rinks
7.6 Others

8 Regional Analysis
8.1 Introduction
8.2 Europe
8.2.1 Germany
8.2.2 Norway
8.2.3 UK
8.2.4 Denmark
8.2.5 Switzerland
8.2.6 Sweden
8.2.7 Rest of Europe
8.3 Asia Pacific
8.3.1 Japan
8.3.2 China
8.3.3 New Zealand
8.3.4 Indonesia
8.3.5 Australia
8.3.6 Taiwan
8.3.7 Malaysia
8.4 North America
8.4.1 US
8.4.2 Canada
8.4.3 Mexico
8.5 Middle East & Africa
8.5.1 South Africa
8.5.2 Jordan
8.6 South America
8.6.1 Argentina
8.6.2 Chile
8.6.3 Brazil
8.6.4 Colombia

9 Competitive Landscape
9.1 Introduction
9.2 Market Ranking Analysis
9.3 Competitive Situation & Trends
9.3.1 New Product Launches
9.3.2 Expansions
9.3.3 Partnerships & Joint Ventures
9.3.4 Agreements & Contracts
9.3.5 Mergers & Acquisitions

10 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 Advansor
10.2 Teko GmbH
10.3 Carrier Commercial Refrigeration
10.4 Green & Cool World Refrigeration Ab
10.5 Hillphoenix, Inc.
10.6 Danfoss
10.7 BITZER
10.8 Carnot Refrigeration
10.9 SCM Frigo S.P.A.
10.10 Emerson Climate Technologies
10.11 Panasonic Corporation
10.12 Baltimore Aircoil Company, Inc.
10.13 Henry Technologies, Inc.
10.14 Systemes LMP, Inc.
10.15 Mayekawa Mfg. Co., Ltd.
10.16 Shecco Sprl
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.3 Available Customizations
11.4 Related Reports
11.5 Author Details

List of Tables

Table 1 Annual GDP Growth of Major Economies, 2012 to 2016
Table 2 Transcritical CO2 Systems Market, By Function, 2016–2023 (USD Million)
Table 3 Transcritical CO2 Systems Market, By Function, 2016–2023 (Number of Installations)
Table 4 Refrigeration Market Size, By Region, 2016–2023 (USD Million)
Table 5 Refrigeration Market Size, By Region, 2016–2023 (Number of Installations)
Table 6 Heating Market Size, By Region, 2016–2023 (USD Million)
Table 7 Heating Market Size, By Region, 2016–2023 (Number of Installations)
Table 8 Air Conditioning Market Size, By Region, 2016–2023 (USD Million)
Table 9 Air Conditioning Market Size, By Region, 2016–2023 (Number of Installations)
Table 10 Transcritical CO2 Systems Market, By Application, 2016–2023 (USD Million)
Table 11 Transcritical CO2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 12 Supermarkets & Convenience Stores Market Size, By Region, 2016–2023 (USD Million)
Table 13 Supermarkets & Convenience Stores Market Size, By Region, 2016–2023 (Number of Installations)
Table 14 Heat Pumps Market Size, By Region, 2016–2023 (USD Million)
Table 15 Heat Pumps Market Size, By Region, 2016–2023 (Number of Installations)
Table 16 Food Processing & Storage Facilities Market Size, By Region, 2016–2023 (USD Million)
Table 17 Food Processing & Storage Facilities Market Size, By Region, 2016–2023 (Number of Installations)
Table 18 Ice Skating Rinks Market Size, By Region, 2016–2023 (USD Million)
Table 19 Ice Skating Rinks Market Size, By Region, 2016–2023 (Number of Installations)
Table 20 Other Applications Market Size, By Region, 2016–2023 (USD Million)
Table 21 Other Applications Market Size, By Region, 2016–2023 (Number of Installations)
Table 22 Transcritical CO2 Systems Market, By Region, 2016–2023 (USD Million)
Table 23 Transcritical CO2 Systems Market, By Region, 2016–2023 (Number of Installations)
Table 24 Transcritical CO2 Systems Market, By Function, 2016–2023 (USD Million)
Table 25 Transcritical CO2 Systems Market, By Function, 2016–2023 (Number of Installations)
Table 26 Transcritical CO2 Systems Market, By Application, 2016–2023 (USD Million)
Table 27 Transcritical CO2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 28 Europe Transcritical CO2 Systems Market, By Country, 2016–2023 (USD Million)
Table 29 Europe Transcritical CO2 Systems Market, By Country, 2016–2023 (Number of Installations)
Table 30 Europe Transcritical CO2 Systems Market, By Function, 2016–2023 (USD Million)
Table 31 Europe Transcritical CO2 Systems Market, By Function, 2016–2023 (Number of Installations)
Table 32 Europe Transcritical CO2 Systems Market, By Application, 2016–2023 (USD Million)
Table 33 Europe Transcritical CO2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 34 Germany Transcritical CO2 Systems Market, By Application, 2016–2023 (USD Million)
Table 35 Germany Transcritical CO2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 36 Norway Transcritical CO2 Systems Market, By Application, 2016–2023 (USD Million)
Table 37 Norway Transcritical CO2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 38 UK Transcritical CO2 Systems Market, By Application, 2016–2023 (USD Million)
Table 39 UK Transcritical CO2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 40 Denmark Transcritical CO2 Systems Market, By Application, 2016–2023 (USD Million)
Table 41 Denmark Transcritical CO2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 42 Switzerland Transcritical CO2 Systems Market, By Application, 2016–2023 (USD Million)
Table 43 Switzerland Transcritical CO2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 44 Sweden Transcritical CO2 Systems Market, By Application, 2016–2023 (USD Million)
Table 45 Sweden Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 46 Rest of Europe Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 47 Rest of Europe Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 48 Asia Pacific Transcritical Co2 Systems Market, By Country, 2016–2023 (USD Million)
Table 49 Asia Pacific Transcritical Co2 Systems Market, By Country, 2016–2023 (Number of Installations)
Table 50 Asia Pacific Transcritical Co2 Systems Market, By Function, 2016–2023 (USD Million)
Table 51 Asia Pacific Transcritical Co2 Systems Market, By Function, 2016–2023 (Number of Installations)
Table 52 Asia Pacific Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 53 Asia Pacific Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 54 Japan Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 55 Japan Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 56 China Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 57 China Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 58 New Zealand Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 59 New Zealand Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 60 Indonesia Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 61 Indonesia Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 62 Australia Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 63 Australia Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 64 Taiwan Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 65 Taiwan Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 66 Malaysia Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 67 Malaysia Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 68 North America Transcritical Co2 Systems Market, By Country, 2016–2023 (USD Million)
Table 69 North America Transcritical Co2 Systems Market, By Country, 2016–2023 (Number of Installations)
Table 70 North America Transcritical Co2 Systems Market, By Function, 2016–2023 (USD Million)
Table 71 North America Transcritical Co2 Systems Market, By Function, 2016–2023 (Number of Installations)
Table 72 North America Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 73 North America Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 74 US Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 75 US Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 76 Canada Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 77 Canada Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 78 Mexico Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 79 Mexico Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 80 Middle East & Africa Transcritical Co2 Systems Market, By Country, 2016–2023 (USD Million)
Table 81 Middle East & Africa Transcritical Co2 Systems Market, By Country, 2016–2023 (Number of Installations)
Table 82 Middle East & Africa Transcritical Co2 Systems Market, By Function, 2016–2023 (USD Million)
Table 83 Middle East & Africa Transcritical Co2 Systems Market, By Function, 2016–2023 (Number of Installations)
Table 84 Middle East & Africa Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 85 Middle East & Africa Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 86 South Africa Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 87 South Africa Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 88 Jordan Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 89 Jordan Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 90 South America Transcritical Co2 Systems Market, By Country, 2016–2023 (USD Million)
Table 91 South America Transcritical Co2 Systems Market, By Country, 2016–2023 (Number of Installations)
Table 92 South America Transcritical Co2 Systems Market, By Function, 2016–2023 (USD Million)
Table 93 South America Transcritical Co2 Systems Market, By Function, 2016–2023 (Number of Installations)
Table 94 South America Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 95 South America Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 96 Argentina Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 97 Argentina Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 98 Chile Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 99 Chile Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 100 Brazil Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 101 Brazil Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 102 Colombia Transcritical Co2 Systems Market, By Application, 2016–2023 (USD Million)
Table 103 Colombia Transcritical Co2 Systems Market, By Application, 2016–2023 (Number of Installations)
Table 104 New Product Launches, 2013–2018
Table 105 Expansions, 2013–2018
Table 106 Partnerships & Joint Ventures, 2013–2018
Table 107 Agreements & Contracts, 2013–2018
Table 108 Mergers & Acquisitions, 2013–2018

List of Figures

Figure 1 Transcritical Co2 Systems Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Transcritical Co2 Systems Market: Data Triangulation
Figure 5 Refrigeration Segment to Lead Transcritical Co2 Systems Market Between 2018 and 2023
Figure 6 Supermarkets & Convenience Stores Segment to Lead Transcritical Co2 Systems Market During Forecast Period
Figure 7 Europe Estimated to Lead Transcritical Co2 Systems Market in 2018
Figure 8 Growth of Supermarket Application Expected to Drive Transcritical Co2 Systems Market Between 2018 and 2023
Figure 9 Transcritical Co2 Systems Market in Middle East & Africa Projected to Grow at Highest Cagr During Forecast Period
Figure 10 Application Segment Estimated to Account for Largest Share of Europe Transcritical Co2 Systems Market in 2018
Figure 11 Segment Estimated to Account for Largest Share of Transcritical Co2 Systems Market Across All Regions in 2018
Figure 12 Japan Projected to Lead Transcritical Co2 Systems Market Between 2018 and 2023
Figure 13 Drivers, Restraints, Opportunities, and Challenges in the Transcritical Co2 Systems Market
Figure 14 Cold Storage Construction Market, 2016 & 2021
Figure 15 Construction Industry Growth Rate, 2014
Figure 16 Manufacturing Industry Growth Rate, 2014
Figure 17 Porter’s Five Forces Analysis: Transcritical Co2 Systems Market
Figure 18 Refrigeration Function Segment Projected to Lead Transcritical Co2 Systems Market During Forecast Period
Figure 19 Supermarkets & Convenience Stores Application Segment Projected to Lead Transcritical Co2 Systems Market During Forecast Period
Figure 20 Regional Snapshot
Figure 21 Europe Transcritical Co2 Systems Market Snapshot
Figure 22 Asia Pacific Transcritical Co2 Systems Market Snapshot
Figure 23 North America Transcritical Co2 Systems Market Snapshot
Figure 24 Middle East & Africa Transcritical Co2 Systems Market Snapshot
Figure 25 South America Transcritical Co2 Systems Market Snapshot
Figure 26 Companies Have Adopted Organic Growth Strategies Between 2013 and 2018 to Strengthen their Position in Transcritical Co2 Systems Market
Figure 27 Transcritical Co2 Systems Market Ranking, By Company, 2018
Figure 28 Danfoss: Company Snapshot
Figure 29 Emerson Climate Technologies: Company Snapshot
Figure 30 Panasonic Corporation: Company Snapshot

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