The various technological advancements, such as next-generation sustainable manufacturing solutions and the development of automated flow synthesis systems integrated with machine learning, generate numerous opportunities for the market. On the flip side, the presence of few players in the purification of CO2 systems poses as a major challenge to the growth of the transcritical CO2 market. The transcritical CO2 market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 17.6% in the above-mentioned forecast period. Transcritical CO2 is are defined as an environmental-friendly and reliable system under which, CO2 is cooled but does not condense at the gas cooler outlet and operates above the critical point. These systems are suitable for medium to large cold storage facilities, supermarkets and light industrial processes.

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Market Analysis and Insights 

Surging demand for transcritical CO2 in margarine production, ice making and beer brewing industries are the root cause fueling up the transcritical CO2 market growth rate. Additionally, the rising demand for air conditioning and refrigeration applications, along with the lower operational costs of the systems, will also directly and positively impact the market's growth rate. The focus of manufacturers towards ecological protection, social responsibility, and economic viability to their businesses also boosts demand for transcritical CO2. However, low awareness about transcritical CO2 systems and the need for know-how about the operation of the system is estimated to hinder the growth of the transcritical CO2 market.

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Transcritical CO2 Market Scope

The transcritical CO2 market is segmented on the basis of function and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

• On the basis of function, the transcritical CO2 market is segmented into refrigeration, heating and air conditioning.
• On the basis of end user, the market is segmented into retail, household appliances, marine, food processing industries, transportation, ice skating rinks and others.

Competitive Landscape and Transcritical CO2 Market Share Analysis

The transcritical CO2 market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives,  presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to transcritical CO2 market.

The major players covered in the transcritical CO2 market report are

Carrier, SCM Frigo S.p.A, Emerson Electric Co., Danfoss, Dorin S.p.A, Baltimore Aircoil Company, BITZER UK LIMITED, LMP Systems, MAYEKAWA MFG. CO., LTD., Henry Group Industries, Panasonic Corporation, Carel Industries S.p.A, Parker Hannifin Corp., GEA Group Aktiengesellschaft, Hussmann Corporation, Epta S.p.a., LU-VE S.p.A, ALFA LAVAL, YELLOW JACKET, Thermal Transfer Technology Ltd among other domestic and  players. Market share data is available for , North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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