The transcritical CO2 market size is projected to reach US$ 140,931.01 million by 2030 from US$ 48,529.81 million in 2023. The market is expected to register a CAGR of 16.5% during 2023โ2030. The growing need for sustainable cooling and refrigeration solutions is likely to remain a key trend in the market.
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Government policies and regulations related to environmental sustainability and the phase-out of harmful refrigerants can influence the adoption of transcritical CO2 systems globally. For instance, in March 2021, the government of South Africa revised 2030 greenhouse gas emission targets to a range of 398-440 MTCO2e. Such policies may increase the adoption of transcritical CO2 systems globally. Growing environmental consciousness and awareness of climate change can lead to a boosted demand for environment-viable solutions such as #transcritical CO2 systems, which, in a way, are boosting the growth of the transcritical CO2 marketย at the global level.
- TEKO Gesellschaft fur Kaltetechnik mbH
- Baltimore Aircoil Co
- BITZER Kuhlmaschinenbau GmbH
- Carrier Global Corp
- Danfoss AS
- Hussmann Corporation
- Emerson Electric Co
- Panasonic Holdings Corp
- Evapco LMP Inc
- Mayekawa Manufacturing Co Ltd
#co2