- 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.
- 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.
- Europe is expected to dominate the Transcritical CO2 market due to the strict governmental regulations and abolishment of usage of CFCs.
- North America is expected to be the fastest growing region in the Transcritical CO2 market during the forecast period due to the growing demand in the region for transcritical CO2 systems because of its non-toxicity and flammability nature, thus further increasing demand for Transcritical CO2 market.
- Refrigeration segment is expected to dominate the market with a market share of 90.2% due to the stringent environmental regulations phasing out high-GWP refrigerants, such as the EU's f-gas regulation.
