DUBLIN--(BUSINESS WIRE)--The "Transcritical CO2 Systems Market by Function (Refrigeration, Heating, Air Conditioning), Application (Supermarkets And Convenience Stores, Heat Pumps, Food Processing & Storage Facilities, Ice Skating Rinks), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global transcritical CO systems market is projected to grow from USD 27,202.6 million in 2018 to USD 61,839.4 million by 2023, at a CAGR of 17.9% from 2018 to 2023. The low environmental impact of CO is the major reason for the growth of the transcritical CO systems market.
CO refrigerants, apart from their very low GWP and zero ODP, have low leakage rates. They are also more energy efficient and comparatively lower cost than fluorocarbon refrigerants. Additionally, CO refrigerants have a very low environmental impact, allowing end consumers to cut back on their carbon footprint.
The phasing out of CFC, HCFC, and HFC refrigerants has led to the increase in demand for transcritical CO systems. CFCs and partially halogenated HCFCs have very high GWP, and ODP and their use as refrigerants is harmful to the environment. For this reason, the European Union has come up with the F-gas phase-out plan that describes the timeline for developed as well as developing countries to phase out refrigerants such as R-12 and R-22.
Leading manufacturers focus on new product launches, acquisitions, and expansions to maintain a competitive position in the transcritical CO systems market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Transcritical CO2 Systems Market, By Function
7 Transcritical CO2 Systems Market, By Application
8 Regional Analysis
9 Competitive Landscape
10 Company Profiles
- Advansor
- Baltimore Aircoil Company, Inc.
- BITZER
- Carnot Refrigeration
- Carrier Commercial Refrigeration
- Danfoss
- Emerson Climate Technologies
- Green & Cool World Refrigeration Ab
- Henry Technologies, Inc.
- Hillphoenix, Inc.
- Mayekawa Mfg. Co., Ltd.
- Panasonic Corporation
- SCM Frigo S.P.A.
- Shecco Sprl
- Systemes LMP, Inc.
- Teko GmbH
For more information about this report visit https://www.researchandmarkets.com/research/5wcbqf/global?w=4
