From GlobeNewswire: 2025-06-03 09:14:00

The global Transcritical CO2 Market is experiencing significant growth due to the focus on sustainable refrigeration and storage technologies. The market was valued at US$ 54.15 billion in 2024 and is projected to reach US$ 156.99 billion by 2031, with a CAGR of 16.8% from 2025-2031. The market is driven by regulatory pressures, technological advancements, and increasing demand for sustainable solutions.

Supermarkets and grocery chains are leading adopters of transcritical CO2 systems, aligning with the circular economy framework and reducing environmental footprints. Governments incentivize sustainable refrigeration technologies, while penalties for high-GWP refrigerants encourage adoption of transcritical CO2 systems. Innovations have made these systems more efficient and cost-effective, driving market growth.

Europe led the market in 2024, followed by Asia Pacific and North America. North America is expected to have the highest CAGR in the forecast period. The transcritical CO2 system market in Europe is expected to grow significantly due to regulations on greenhouse gases and ozone-depleting substances. The market is set to play a pivotal role in the global transition to sustainability.

The market segmentation includes applications like ice skating rinks, food processing, heat pumps, and supermarkets. Refrigeration dominates the function segment. Geographically, the market is divided into North America, Europe, APAC, Middle East and Africa, and South and Central America. The report provides valuable insights for stakeholders navigating the evolving market landscape.

Key players in the Transcritical CO2 Market include TEKO, Baltimore Aircoil, BITZER, Carrier, Danfoss, Hussmann, Emerson, Evapco, Mayekawa, and CoolSys. Recent headlines include TEKO establishing a new unit for R744 heat pumps and chillers, and Baltimore Aircoil appointing a new representative for industrial markets. The market is expected to witness tremendous growth due to the rising demand for energy-efficient solutions and increasing awareness of environmental impacts.

For more insights into the Transcritical CO2 Market, visit the link provided. The market is expected to witness substantial growth in the coming years, driven by the demand for energy-efficient solutions and the shift towards sustainability in various industries. Stakeholders can leverage the report to unlock new opportunities in this evolving market landscape.



Read more at GlobeNewswire: Transcritical CO2 Market Size Projected of USD 156.99