Transcritical CO2 Market Strategies, Top Players, Growth Opportunities

The transcritical CO2 market size is projected to reach US$ 1,52,352.40 million by 2031 from US$ 48,529.81 million in 2023. The market is expected to register a CAGR of 15.4% during 2023–2031. The growing need for sustainable cooling and refrigeration solutions is likely to remain a key trend in the market.

The adoption of advanced technologies in refrigeration and cooling systems can impact the attractiveness and competitiveness of transcritical CO2 systems in the market. The presence of leading players in the transcritical CO2 market, such as Bitzer Africa and Baltimore Aircoil Africa, is driving the market globally. A growing economy and stable financial conditions can positively influence consumer spending and industrial investment, leading to increased demand for energy-efficient and eco-friendly technologies, which is projected to drive the demand for the transcritical CO2 market globally.