Transcritical CO2 Systems Market Size is Estimated to USD 91.68 Billion By 2030

bhagyashri shewale
Published on Mar 08, 2023

According to the current analysis of Reports and Data, the global Transcritical CO2 Systems market was valued at USD 23.76 Billion in 2020 and is expected to reach USD 91.68 Billion by the year 2030, at a CAGR of 18.0 %. CO2 is environmentally friendly, not flammable, economical and chemically inert and thus it is extensively used in refrigerators, heat pumps and air conditioners. Thermodynamic and transport properties of CO2 systems are superlative for its application in heat pumps and vapor compression refrigerating appliances. The key driver for the market is the low environmental impact of transcritical CO2 systems, stringent government regulations for elimination fluorinated refrigerants along with the low operating cost of the equipment.

In the area of automotive air-conditioning, CO2 can be used as an ideal substitute for R-134a, which is a toxic gas, dangerous to health.

Several research and development projects into transcritical refrigeration of CO2, heat pump and air-conditioning systems have been undertaken currently mainly as an increasing concern towards greenhouse gas emissions. During the last decade, commercialization of transcritical carbon dioxide heat pump water heaters has increased globally. In 2019, Cryogium launched the new transcritical CO2 condensing units and double compressor systems with features like easy installation, components accessibility, and high weather resistance. CO₂ is increasingly being used as a refrigerant in ice skating rinks, as it saves nearly 80-90% of the energy usage. The cost of CO2 systems used in ice skating rinks declined in -the past few years, making transcritical CO2 an excellent substitute to ammonia. Majority of ice skating rinks employing transcritical CO2 systems are located in Canada. Carnot Refrigeration and SCM Frigo are the major players producing transcritical CO2 systems for ice skating rinks

Get a sample copy of the Transcritical CO2 Systems market report, visit:

Further key findings from the report suggest

  • Europe is expected to dominate the transcritical CO2 systems market owing to stringent regulations. The European Union is aiming to reduce the environmental impact of fluorinated gases via F-Gas regulation
  • European market includes the countries like Germany, Norway, Denmark, UK, Switzerland, and Sweden.
  • The cost of CO2 equipment is observed to decrease in various regions of the globe, thus helping the growth of this industry.
  • Utilization of these systems in heat pumps is expected to propel the market growth during the forecast period
  • The equipment is also used in the food industry in the extraction of oils in bio-materials such as herbs, natural plants such as legumes and palms
  • On the basis of application, the retail segment is expected to be the largest application segment with 65.1% market share
  • The refrigeration segment is expected to grow at the highest CAGR of 18.5% during the forecast period as this system of refrigeration is non-toxic and non-flammable and has a high safety rating
  • Based on the application, the retail segment dominates the market with nearly 65.1% market share in 2020. Low Ozone-depletion Potential (ODP) and low Global Warming Potential (GWP) make them preferable in hypermarkets and supermarkets
  • Recently, AK-PC 782A pack controller has developed specifically for refrigeration applications by the Danfoss, a Denmark based company. It integrates with the other system components such as valves, sensors, System Manager, and case controllers, using network communication. 
  • North America is expected to witness significant growth at CAGR of 17.3% during the forecast period, owing to the growing demand in the region because of its non-toxic and inflammable nature
  • Key market players include Shecco SPRL, Mayekawa MSG. , Systems LMP, Henry Technologies, Baltimore Aircoil Company among others

To know more about the latest insights of the report, visit:

For the purpose of this study, Reports and Data have segmented the Transcritical CO2 Systems  market on the basis of function, application and region:

Function (Revenue, USD Million; 2020–2030)

  • Refrigeration
  • Heating
  • Air Conditioning

Application (Revenue, USD Million; 2020–2030)

  • Retail
    • Supermarkets
    • Hypermarkets
  • Heat Pumps
  • Transportation
  • Food Processing & Storage Facilities
  • Ice Skating Rings

Regional Outlook (Revenue in USD Million; 2020–2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of the Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Middle East & Africa
  • Latin America
    • Brazil

Request a customized copy of the report @:

Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.  

About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.


John W, Head of Business Development
Reports And Data | Web:
Direct Line: +1-212-710-1370
LinkedIn | Twitter | Blogs