Transcritical CO2 systems are the most promising solutions for using natural refrigerants in retail contexts, above all in weathers that are not too hot. In these systems, CO2 is cooled but does not condense at the gas cooler outlet, being above the critical temperature. A booster system is when there are two stages of compression of the same refrigerant, therefore the CO2 discharged by the low-temperature compressors flows, via an intercooler, to the suction port of the medium temperature compressors. It has various properties which comprise low GWP value in comparison to other refrigerants, can be used for low and medium temperature applications. Zero ODP, allows heat rejection, can be used in all environmental surroundings. The usage of transcritical Co2 systems have not any harmful effects on the ozone layer as well as the environment.
According to AMA, the market for Transcritical Co2 Systems is expected to register a CAGR of 18.2% during the forecast period to 2027. This growth is primarily driven by Need for Systems with Low Environmental Impact, Phasing Out CFC, HCFC, and HFC Refrigerants and Increasing Demand for Refrigeration and Air-Conditioning Applications.
Globally, a noticeable market trend is evident CO2 Cost of Equipment Decreasing
. The Electrical Components & Equipment sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Advansor (Denmark), Teko GmbH (Germany), Carrier Commercial Refrigeration (United States), Green & Cool World Refrigeration Ab (Sweden), Hillphoenix, Inc. (United States), Danfoss (Denmark), BITZER (Germany), Carnot Refrigeration (Germany), Emerson Climate Technologies (United States), Panasonic Corporation (Japan) and Cryogiam S.r.l. (Italy) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 12th February 2019, Cryogiam S.r.l. announced the launch of Co2 Transcritical condensing units and double compressor systems range that will is designed to operate in an ambient temperature of 40°C to decrease footprint while providing easy installation and accessibility with high water resistance to provide auxiliary cooling system.
On 8th October 2018, Recently, AK-PC 782A pack controller has developed specifically for transcritical CO2 refrigeration applications by Danfoss, a Denmark based company. It integrates with the other system components such as valves, sensors, System Manager, and case controllers, using network communication. It offers high-pressure control and control of liquid ejectors and Danfoss gas.
- Need for Systems with Low Environmental Impact
- Phasing Out CFC, HCFC, and HFC Refrigerants
- Increasing Demand for Refrigeration and Air-Conditioning Applications
- CO2 Cost of Equipment Decreasing
- Increasing Use of Transcritical Co2 Systems in Hydrocarbons Growth
- The requirement of Higher Initial Capital Investment
- Low Demand for Transcritical CO2 Systems
Lower Operating Cost of Transcritical CO2 Refrigerant Systems Along With Enhanced Performance
Few Companies for the Purification of CO2 Refrigerants and Lack of Training and Awareness about Transcritical CO2 Refrigerant Systems among HVAC Contractors and Technicians
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Transcritical Co2 Systems Study Sheds Light on
The Transcritical Co2 Systems Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Transcritical Co2 Systems industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Transcritical Co2 Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.