Increasing application of transcritical CO2 in food processing industry as refrigerant is the major factor driving the product demand. It is used as a substitute for environmentally harmful refrigerants including HCFCs, CFCs, and HFCs. The development of transcritical CO2 as a refrigerant has shown potential in many applications regarding system cost and efficiency both and makes it viable for several applications that is not considered feasible.
Transcritical CO2 Market
Market Size Worth $22.44 Billion by 2026 | CAGR: 15%
Transcritical CO2 Market Size Worth $22.44 Billion by 2026
- 2 -
“According to Polaris Market Research report, Transcritical CO2 market is witnessing a major
transformation and is projected to reach $22.44 Billion by 2026 registering a CAGR of 15% during the
forecast period 2017 to 2026.”
The global Transcritical CO2 market growth is driven by some of the key factors such as growing awareness
among consumers, increasing investments by private-public organizations, and favorable government policies.
Additionally, many prominent players present in the market are concentrating on the adoption of new
technology and product launches to obtain a competitive edge, which in turn contributes to the Transcritical
CO2 market growth. The regulatory agencies are also playing a key role as the major driving force for the
market, by safeguarding the quality of product/service offerings as well as accelerating new approvals.
Transcritical CO2 Market Report Scope:
The study provides a comprehensive view of the Transcritical CO2 market by segmenting it based on
Application Type, and region. All the segments of the market have been thoroughly analyzed based on present
and future trends. The research report has identified the key segments contributing most to the Transcritical
CO2 market growth in terms of revenue along with other vital factors impacting the market dynamics. Further,
the market analysis covered in the report also answers the imperative question for new entrants and existing
players operating in the market.
Browse Detailed Research Report On Transcritical CO2 Market Analysis:
By Application Type
• Heat Pumps
• Food Processing
Ice Skating Rinks
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Spain, Netherlands,
• Asia Pacific (Japan, China, India, Malaysia, Indones