Market Size of Transcritical Co2 Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 18.00 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Transcritical Carbondioxide Market Analysis
The market for Transcritical Co2 is expected to grow at a CAGR of over 18% during the forecast period. Major factors driving the market studied are increasing demand from super markets & convenience stores segment and rising demand from food processing & storage facilities segment. On the flipside, lack of awareness about transcritical co2 systems and unfavourable conditions arising due to COVID-19 outbreak are the major restraints, which are expected to hinder the growth of market.
- Growing demand for transcritical co2 in ice skating rinks is expected to offer various lucrative opportunities for the growth of market.
- By application, super markets & convenience stores segment is expected to dominate the market owing to the increase in the usage of transcritical co2 for refrigeration and air conditioning purposes.
- Europe region dominated the transcritical co2 market across the globe with the largest consumption from countries such as United Kingdom, Germany, and France.
