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Transcritical CO2 Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Application, Function, and Geography- Product Image
Transcritical CO2 Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Application, Function, and Geography- Product Image
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Transcritical CO2 Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Application, Function, and Geography

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    Report

  • 188 Pages
  • May 2025
  • Region: Global
  • The Insight Partners
  • ID: 5853962
Description Jump to:
The transcritical CO2 market size is expected to reach US$ 156.99 billion by 2031 from US$ 54.15 billion in 2024. The market is estimated to register a CAGR of 16.8% during 2025-2031. The utilization of CO2 recycled from waste in refrigeration applications is likely to bring new trends to the market in the coming years.

Further, imports and exports of food products have a significant impact on North American and US food security and the economy. The import of food products has intensified in recent years with population growth and urbanization. In 2023, the value of food and farm products exported from the US to the world totaled nearly US$ 175 billion. Soybean, cotton, corn, wheat, and other bulk commodities cumulatively accounted for ~34% of all US agricultural exports in 2023. In 2023, India exported pharmaceuticals and drugs worth INR 606 billion (~US$ 7.21 billion) to the US. On the other hand, the US exported ~US$ 93.6 billion and imported ~US$ 163 billion worth of pharmaceutical products in 2022.

Further, in 2024, the US exported US$ 94.4 billion worth of pharmaceutical products. In 2024, the key destinations for US pharmaceutical product exports were China (US$ 9.5 billion), the Netherlands (US$ 8.71 billion), Japan (US$ 8.41 billion), Germany (US$ 7.67 billion), and Canada (US$ 6.8 billion). Additionally, in 2024, the US imported US$ 212 billion of pharmaceutical products. In 2024, the key origins of US pharmaceutical product imports were Ireland (US$ 50.3 billion), Switzerland (US$ 19 billion), Germany (US$ 17.1 billion), Singapore (US$ 15.3 billion), and India (US$ 12.5 billion).

Thus, continuous developments in the food & beverages and pharmaceutical industries, coupled with the rising import and export activities, are expected to fuel the demand for CO2 refrigerants across the globe, thereby generating growth opportunities for the transcritical CO2 market.

Utilizing waste CO2 in a transcritical CO2 cycle involves recovering heat from waste sources and using it to drive a CO2 power or refrigeration cycle. This process can be employed for power generation, cooling, or heating. Waste CO2 refers to carbon dioxide emissions produced as a byproduct of various industrial processes, agricultural activities, and energy production. Instead of allowing the release of CO2 into the atmosphere, it can be captured, purified, and utilized in transcritical refrigeration systems. This approach not only decreases greenhouse gas emissions but also provides a valuable resource for cooling applications.

The utilization of waste CO2 for transcritical refrigeration systems presents a promising prospect for industries aiming to curb their carbon footprint while enhancing energy efficiency. By leveraging captured carbon emissions that would otherwise contribute to climate change, companies can foster sustainable refrigeration solutions that align with global environmental goals. With upgrades in capture and utilization processes following technological advancements and the evolution of regulatory frameworks to support sustainability initiatives, the adoption of waste CO2 in transcritical systems is projected to expand in the near future.

The transition to waste CO2 in transcritical refrigeration systems is also being perceived as an important step toward a circular economy, wherein waste is transformed into valuable resources. By embracing the potential of waste CO2, industries can contribute to a more sustainable future while simultaneously achieving operational efficiencies and cost efficiency. Thus, the reuse of waste CO2 is emerging as a noteworthy trend in the transcritical CO2 market.

The global transcritical CO2 market is segmented on the basis of function and application. Based on function, the market is segmented into air conditioning, refrigeration, and heating. The transcritical CO2 market, by application, is segmented into ice skating rinks, food processing and storage facilities, heat pumps, supermarkets and convenience stores, and others.

TEKO Gesellschaft fur Kaltetechnik GmbH, Baltimore Aircoil Co, BITZER Kuhlmaschinenbau GmbH, Carrier Global Corp, Danfoss AS, Hussmann Corp, Emerson Electric Co, Evapco LMP Inc., Mayekawa Manufacturing Co Ltd, and CoolSys are a few of the key players profiled in the transcritical CO2 market report. Other major players were also studied and analyzed in the report to get a holistic view of the market and its ecosystem. The transcritical CO2 market forecast can help stakeholders plan their growth strategies. The market analysis provides detailed market insights, which help the key players strategize their growth.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the transcritical CO2 market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in thetranscritical CO2 market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents

1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Analyst Market Outlook
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Transcritical CO2 Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
4.4 Import Export Analysis, 2023 (Trade Value: US$ Thousand)
4.4.1 Import Export Analysis, 2023 - Refrigerating or Freezing Equipment (841869), (Trade Value: US$ Thousand), (Quantity in Kg)
4.5 ESG Analysis of the Transcritical CO2 Market
5. Transcritical CO2 Market - Key Market Dynamics
5.1 Transcritical CO2 Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Growing Emphasis on Sustainable Refrigeration and Storage Technologies
5.2.2 Rise in Demand for Energy-Efficient Air Conditioning in Data Centers Across North America and Europe
5.2.3 Implementation in Supermarkets and Convenience Stores
5.3 Market Restraints
5.3.1 Higher Upfront Cost of Installing Transcritical CO2 Systems
5.4 Market Opportunities
5.4.1 Rising Significance of CO2 Refrigerants in Food & Beverages and Pharmaceutical Industries
5.5 Future Trends
5.5.1 Advanced Integrated Systems Unlocking Operational Efficiency and Cost Savings
5.5.2 Utilization of Waste CO2 for Refrigeration
5.6 Impact of Drivers and Restraints:
6. Transcritical CO2 Market - Global Market Analysis
6.1 Transcritical CO2 Market Revenue (US$ Million), 2021-2031
6.2 Transcritical CO2 Market Forecast Analysis
7. Transcritical CO2 Market Analysis - by Application
7.1 Ice Skating Rinks
7.1.1 Overview
7.1.2 Ice Skating Rinks: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Food Processing and Storage Facilities
7.2.1 Overview
7.2.2 Food Processing and Storage Facilities: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Heat Pumps
7.3.1 Overview
7.3.2 Heat Pumps: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Supermarkets and Convenience Stores
7.4.1 Overview
7.4.2 Supermarkets and Convenience Stores: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
8. Transcritical CO2 Market Analysis - by Function
8.1 Air Conditioning
8.1.1 Overview
8.1.2 Air Conditioning: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Refrigeration
8.2.1 Overview
8.2.2 Refrigeration: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Heating
8.3.1 Overview
8.3.2 Heating: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
9. Transcritical CO2 Market - Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Transcritical CO2 Market Overview
9.2.2 North America: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.2.3 North America: Transcritical CO2 Market Breakdown, by Application
9.2.3.1 North America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Application
9.2.4 North America: Transcritical CO2 Market Breakdown, by Function
9.2.4.1 North America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Function
9.2.5 North America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
9.2.5.1 North America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
9.2.5.2 United States: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.2.5.2.1 United States: Transcritical CO2 Market Breakdown, by Application
9.2.5.2.2 United States: Transcritical CO2 Market Breakdown, by Function
9.2.5.3 Canada: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.2.5.3.1 Canada: Transcritical CO2 Market Breakdown, by Application
9.2.5.3.2 Canada: Transcritical CO2 Market Breakdown, by Function
9.2.5.4 Mexico: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.2.5.4.1 Mexico: Transcritical CO2 Market Breakdown, by Application
9.2.5.4.2 Mexico: Transcritical CO2 Market Breakdown, by Function
9.3 Europe
9.3.1 Europe Transcritical CO2 Market Overview
9.3.2 Europe: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.3.3 Europe: Transcritical CO2 Market Breakdown, by Application
9.3.3.1 Europe: Transcritical CO2 Market - Revenue and Forecast Analysis - by Application
9.3.4 Europe: Transcritical CO2 Market Breakdown, by Function
9.3.4.1 Europe: Transcritical CO2 Market - Revenue and Forecast Analysis - by Function
9.3.5 Europe: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
9.3.5.1 Europe: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
9.3.5.2 Germany: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.3.5.2.1 Germany: Transcritical CO2 Market Breakdown, by Application
9.3.5.2.2 Germany: Transcritical CO2 Market Breakdown, by Function
9.3.5.3 United Kingdom: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.3.5.3.1 United Kingdom: Transcritical CO2 Market Breakdown, by Application
9.3.5.3.2 United Kingdom: Transcritical CO2 Market Breakdown, by Function
9.3.5.4 France: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.3.5.4.1 France: Transcritical CO2 Market Breakdown, by Application
9.3.5.4.2 France: Transcritical CO2 Market Breakdown, by Function
9.3.5.5 Italy: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.3.5.5.1 Italy: Transcritical CO2 Market Breakdown, by Application
9.3.5.5.2 Italy: Transcritical CO2 Market Breakdown, by Function
9.3.5.6 Russia: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.3.5.6.1 Russia: Transcritical CO2 Market Breakdown, by Application
9.3.5.6.2 Russia: Transcritical CO2 Market Breakdown, by Function
9.3.5.7 Rest of Europe: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.3.5.7.1 Rest of Europe: Transcritical CO2 Market Breakdown, by Application
9.3.5.7.2 Rest of Europe: Transcritical CO2 Market Breakdown, by Function
9.4 Asia Pacific
9.4.1 Asia Pacific Transcritical CO2 Market Overview
9.4.2 Asia Pacific: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.4.3 Asia Pacific: Transcritical CO2 Market Breakdown, by Application
9.4.3.1 Asia Pacific: Transcritical CO2 Market - Revenue and Forecast Analysis - by Application
9.4.4 Asia Pacific: Transcritical CO2 Market Breakdown, by Function
9.4.4.1 Asia Pacific: Transcritical CO2 Market - Revenue and Forecast Analysis - by Function
9.4.5 Asia Pacific: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
9.4.5.1 Asia Pacific: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
9.4.5.2 China: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.4.5.2.1 China: Transcritical CO2 Market Breakdown, by Application
9.4.5.2.2 China: Transcritical CO2 Market Breakdown, by Function
9.4.5.3 Japan: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.4.5.3.1 Japan: Transcritical CO2 Market Breakdown, by Application
9.4.5.3.2 Japan: Transcritical CO2 Market Breakdown, by Function
9.4.5.4 South Korea: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.4.5.4.1 South Korea: Transcritical CO2 Market Breakdown, by Application
9.4.5.4.2 South Korea: Transcritical CO2 Market Breakdown, by Function
9.4.5.5 India: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.4.5.5.1 India: Transcritical CO2 Market Breakdown, by Application
9.4.5.5.2 India: Transcritical CO2 Market Breakdown, by Function
9.4.5.6 Australia: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.4.5.6.1 Australia: Transcritical CO2 Market Breakdown, by Application
9.4.5.6.2 Australia: Transcritical CO2 Market Breakdown, by Function
9.4.5.7 Rest of APAC: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.4.5.7.1 Rest of APAC: Transcritical CO2 Market Breakdown, by Application
9.4.5.7.2 Rest of APAC: Transcritical CO2 Market Breakdown, by Function
9.5 Middle East and Africa
9.5.1 Middle East and Africa Transcritical CO2 Market Overview
9.5.2 Middle East and Africa: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.5.3 Middle East and Africa: Transcritical CO2 Market Breakdown, by Application
9.5.3.1 Middle East and Africa: Transcritical CO2 Market - Revenue and Forecast Analysis - by Application
9.5.4 Middle East and Africa: Transcritical CO2 Market Breakdown, by Function
9.5.4.1 Middle East and Africa: Transcritical CO2 Market - Revenue and Forecast Analysis - by Function
9.5.5 Middle East and Africa: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
9.5.5.1 Middle East and Africa: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
9.5.5.2 South Africa: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.5.5.2.1 South Africa: Transcritical CO2 Market Breakdown, by Application
9.5.5.2.2 South Africa: Transcritical CO2 Market Breakdown, by Function
9.5.5.3 Saudi Arabia: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.5.5.3.1 Saudi Arabia: Transcritical CO2 Market Breakdown, by Application
9.5.5.3.2 Saudi Arabia: Transcritical CO2 Market Breakdown, by Function
9.5.5.4 United Arab Emirates: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.5.5.4.1 United Arab Emirates: Transcritical CO2 Market Breakdown, by Application
9.5.5.4.2 United Arab Emirates: Transcritical CO2 Market Breakdown, by Function
9.5.5.5 Rest of Middle East and Africa: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.5.5.5.1 Rest of Middle East and Africa: Transcritical CO2 Market Breakdown, by Application
9.5.5.5.2 Rest of Middle East and Africa: Transcritical CO2 Market Breakdown, by Function
9.6 South and Central America
9.6.1 South and Central America Transcritical CO2 Market Overview
9.6.2 South and Central America: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.6.3 South and Central America: Transcritical CO2 Market Breakdown, by Application
9.6.3.1 South and Central America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Application
9.6.4 South and Central America: Transcritical CO2 Market Breakdown, by Function
9.6.4.1 South and Central America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Function
9.6.5 South and Central America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
9.6.5.1 South and Central America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
9.6.5.2 Brazil: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.6.5.2.1 Brazil: Transcritical CO2 Market Breakdown, by Application
9.6.5.2.2 Brazil: Transcritical CO2 Market Breakdown, by Function
9.6.5.3 Argentina: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.6.5.3.1 Argentina: Transcritical CO2 Market Breakdown, by Application
9.6.5.3.2 Argentina: Transcritical CO2 Market Breakdown, by Function
9.6.5.4 Rest of South and Central America: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
9.6.5.4.1 Rest of South and Central America: Transcritical CO2 Market Breakdown, by Application
9.6.5.4.2 Rest of South and Central America: Transcritical CO2 Market Breakdown, by Function
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning and Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 EKO Gesellschaft fur Kaltetechnik mbH
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Baltimore Aircoil Co
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 BITZER Kuhlmaschinenbau GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Carrier Global Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Danfoss AS
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Hussmann Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Emerson Electric Co
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Evapco LMP Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Mayekawa Manufacturing Co Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 CoolSys
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Publisher
List of Tables
Table 1. Transcritical CO2 Market Segmentation
Table 2. List of Vendors
Table 3. Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million)
Table 4. Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million)
Table 5. Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 6. Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 7. Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 8. Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 9. North America: Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million) - by Application
Table 10. North America: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 11. North America: Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million) - by Function
Table 12. North America: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 13. North America: Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million) - by Country
Table 14. North America: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Country
Table 15. United States: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 16. United States: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 17. United States: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 18. United States: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 19. Canada: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 20. Canada: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 21. Canada: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 22. Canada: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 23. Mexico: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 24. Mexico: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 25. Mexico: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 26. Mexico: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 27. Europe: Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million) - by Application
Table 28. Europe: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 29. Europe: Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million) - by Function
Table 30. Europe: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 31. Europe: Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million) - by Country
Table 32. Europe: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Country
Table 33. Germany: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 34. Germany: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 35. Germany: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 36. Germany: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 37. United Kingdom: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 38. United Kingdom: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 39. United Kingdom: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 40. United Kingdom: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 41. France: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 42. France: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 43. France: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 44. France: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 45. Italy: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 46. Italy: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 47. Italy: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 48. Italy: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 49. Russia: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 50. Russia: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 51. Russia: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 52. Russia: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 53. Rest of Europe: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 54. Rest of Europe: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 55. Rest of Europe: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 56. Rest of Europe: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 57. Asia Pacific: Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million) - by Application
Table 58. Asia Pacific: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 59. Asia Pacific: Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million) - by Function
Table 60. Asia Pacific: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 61. Asia Pacific: Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million) - by Country
Table 62. Asia Pacific: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Country
Table 63. China: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 64. China: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 65. China: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 66. China: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 67. Japan: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 68. Japan: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 69. Japan: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 70. Japan: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 71. South Korea: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 72. South Korea: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 73. South Korea: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 74. South Korea: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 75. India: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 76. India: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 77. India: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 78. India: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 79. Australia: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 80. Australia: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 81. Australia: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 82. Australia: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 83. Rest of APAC: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 84. Rest of APAC: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 85. Rest of APAC: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 86. Rest of APAC: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 87. Middle East and Africa: Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million) - by Application
Table 88. Middle East and Africa: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 89. Middle East and Africa: Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million) - by Function
Table 90. Middle East and Africa: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 91. Middle East and Africa: Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million) - by Country
Table 92. Middle East and Africa: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Country
Table 93. South Africa: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 94. South Africa: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 95. South Africa: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 96. South Africa: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 97. Saudi Arabia: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 98. Saudi Arabia: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 99. Saudi Arabia: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 100. Saudi Arabia: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 101. United Arab Emirates: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 102. United Arab Emirates: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 103. United Arab Emirates: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 104. United Arab Emirates: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 105. Rest of Middle East and Africa: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 106. Rest of Middle East and Africa: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 107. Rest of Middle East and Africa: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 108. Rest of Middle East and Africa: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 109. South and Central America: Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million) - by Application
Table 110. South and Central America: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 111. South and Central America: Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million) - by Function
Table 112. South and Central America: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 113. South and Central America: Transcritical CO2 Market - Revenue, 2021 - 2024 (US$ Million) - by Country
Table 114. South and Central America: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Country
Table 115. Brazil: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 116. Brazil: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 117. Brazil: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 118. Brazil: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 119. Argentina: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 120. Argentina: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 121. Argentina: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 122. Argentina: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 123. Rest of South and Central America: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Application
Table 124. Rest of South and Central America: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Application
Table 125. Rest of South and Central America: Transcritical CO2 Market - Revenue, 2021 - 2024(US$ Million) - by Function
Table 126. Rest of South and Central America: Transcritical CO2 Market - Revenue, 2025 - 2031 (US$ Million) - by Function
Table 127. Heat Map Analysis by Key Players
List of Figures
Figure 1. Transcritical CO2 Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Transcritical CO2 Market Revenue (US$ Million), 2021-2031
Figure 5. Transcritical CO2 Market Share (%) - by Application (2024 and 2031)
Figure 6. Ice Skating Rinks: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
Figure 7. Food Processing and Storage Facilities: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
Figure 8. Heat Pumps: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
Figure 9. Supermarkets and Convenience Stores: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
Figure 10. Others: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
Figure 11. Transcritical CO2 Market Share (%) - by Function (2024 and 2031)
Figure 12. Air Conditioning: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
Figure 13. Refrigeration: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
Figure 14. Heating: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
Figure 15. Transcritical CO2 Market Breakdown by Region, 2024 and 2031 (%)
Figure 16. North America: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 17. North America: Transcritical CO2 Market Breakdown, by Application (2024 and 2031)
Figure 18. North America: Transcritical CO2 Market Breakdown, by Function (2024 and 2031)
Figure 19. North America: Transcritical CO2 Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 20. United States: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 21. Canada: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 22. Mexico: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 23. Europe: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 24. Europe: Transcritical CO2 Market Breakdown, by Application (2024 and 2031)
Figure 25. Europe: Transcritical CO2 Market Breakdown, by Function (2024 and 2031)
Figure 26. Europe: Transcritical CO2 Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 27. Germany: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 28. United Kingdom: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 29. France: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 30. Italy: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 31. Russia: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 32. Rest of Europe: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 33. Asia Pacific: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 34. Asia Pacific: Transcritical CO2 Market Breakdown, by Application (2024 and 2031)
Figure 35. Asia Pacific: Transcritical CO2 Market Breakdown, by Function (2024 and 2031)
Figure 36. Asia Pacific: Transcritical CO2 Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 37. China: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 38. Japan: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 39. South Korea: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 40. India: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 41. Australia: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 42. Rest of APAC: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 43. Middle East and Africa: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 44. Middle East and Africa: Transcritical CO2 Market Breakdown, by Application (2024 and 2031)
Figure 45. Middle East and Africa: Transcritical CO2 Market Breakdown, by Function (2024 and 2031)
Figure 46. Middle East and Africa: Transcritical CO2 Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 47. South Africa: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 48. Saudi Arabia: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 49. United Arab Emirates: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 50. Rest of Middle East and Africa: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 51. South and Central America: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 52. South and Central America: Transcritical CO2 Market Breakdown, by Application (2024 and 2031)
Figure 53. South and Central America: Transcritical CO2 Market Breakdown, by Function (2024 and 2031)
Figure 54. South and Central America: Transcritical CO2 Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 55. Brazil: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 56. Argentina: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 57. Rest of South and Central America: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
Figure 58. Company Positioning and Concentration

Companies Mentioned

Some of the leading companies in the Transcritical CO2 Market include:
  • TEKO Gesellschaft fur Kaltetechnik GmbH
  • Baltimore Aircoil Co
  • BITZER Kuhlmaschinenbau GmbH
  • Carrier Global Corp
  • Danfoss AS
  • Hussmann Corp
  • Emerson Electric Co
  • Evapco LMP Inc.
  • Mayekawa Manufacturing Co Ltd
  • CoolSys

Table Information

Report AttributeDetails
No. of Pages188
PublishedMay 2025
Forecast Period2024 - 2031
Estimated Market Value ( USD ) in 2024 $ 54.15 Billion
Forecasted Market Value ( USD ) by 2031 $ 156.99 Billion
Compound Annual Growth Rate16.8%
Regions CoveredGlobal
No. of Companies Mentioned11

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