Lucintel Forecasts the Global Transcritical CO2 System Market to Reach $69.8 billion by 2030
Lucintel Forecasts the Global Transcritical CO2 System Market to Reach $69.8 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global transcritical CO2 system market looks promising with opportunities in the supermarket and convenience store, heat pump, food processing & storage facility, and ice skating rink markets. The global transcritical CO2 system market is expected to reach an estimated $69.8 billion by 2030 from $27.9 billion in 2024, at a CAGR of 16.5% from 2024 to 2030. The major drivers for this market are demand for refrigeration and air-conditioning applications is growing, improved performance and lower operating costs for transcritical CO2 refrigerant system, and implementation of strict environmental laws governing the use of chlorofluorocarbons and greenhouse gasses.
A more than 150-page report to understand trends, opportunity and forecast in transcritical CO2 system market to 2030 by function (refrigeration, heating, and air conditioning), application (supermarkets and convenience stores, heat pumps, food processing & storage facilities, ice skating rinks, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, witjin the function category, refrigeration segment will remain the largest segment over the forecast period due to growing demand from supermarkets and food sellers for HFC-free technologies, as well as, the demand for natural refrigerants used in heating processes has increased owing to growing environmental awareness and stricter construction norms and regulations.
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In terms of regions, Europe will remain the largest region over the forecast period due to an increase in the need for CO2 condensing equipment in small-format retailers, fast-food franchises, restaurants, and ongoing projects in the region.
Company are the major suppliers in the transcritical CO2 system market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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