초임계 CO2 시장 : 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the transcritical CO2 market size was valued at 0.54 Million tons in 2025 and estimated to grow from 0.64 Million tons in 2026 to reach 1.46 Million tons by 2031, at a CAGR of 18.05% during the forecast period (2026-2031).

This report Segments the Industry by Component (Compressors, Gas Coolers, and More), Function (Refrigeration, Heating, and More), Installation Type (New-Build and Retrofit), Application (Commercial Refrigeration, Industrial Refrigeration, and More), End-User Industry (Food Retail, Food and Beverage Manufacturing, and More), and Geography (Asia-Pacific, North America, Europe, South America, and More)

Global Transcritical Co2 Market Trends and Insights

Stringent F-Gas Phase-Down Accelerates Adoption Timelines

Quota cuts under the EU's 2024 F-Gas revision have raised HFC prices by up to 400% and forced retailers to accelerate equipment replacement schedules. Similar legislation in Canada and forthcoming AIM Act rules in the United States align global compliance horizons, allowing manufacturers to scale component production and reduce per-unit cost. As supply chains standardize around CO2 specifications, cross-border equipment certification has become simpler, lowering engineering hours per installation. These synchronized policies have therefore moved transcritical systems from a long-term sustainability option to an immediate business requirement.

Supermarkets Drive Innovation Through Scale and Integration

Chain grocers now specify CO2 racks with integrated heat reclaim that cool cabinets, warm store aisles, and feed domestic hot-water loops in one circuit. Store retrofits between 2023 and 2025 show energy demand dropping 55-60% when advanced cabinet doors and ejector-assisted parallel compression are combined. Payback periods have narrowed to 3-5 years, creating a replicable template for smaller convenience formats. Modularity requirements from this sector have steered OEM product roadmaps, pushing for plug-and-play gas coolers and condensing units that shorten onsite build times.

Technical Complexity Creates Implementation Barriers

Operating pressures that approach 120 bar demand special piping, valves, and rigorous commissioning processes. A 2024 contractor survey showed 68% citing limited training as their top barrier to bidding on CO2 jobs. Industry associations have expanded certification programs, yet field capacity still lags demand, extending project timelines in North America and Asia. Digital twin tools are emerging to streamline design, but widespread proficiency is unlikely before 2027.

Other drivers and restraints analyzed in the detailed report include:

1. Food Storage Facilities Prioritize Temperature Precision and Reliability
2. Natural Refrigerants Gain Momentum Beyond Environmental Benefits
3. Initial Cost Premium Challenges ROI Calculations

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Compressors commanded 34.60% of 2025 revenue and remain the heartbeat of any rack design. Efficiency leaps, such as Danfoss's BOCK HGX56 CO2 T six-cylinder unit, deliver up to 135 kW of cooling while slashing discharge temperatures, lowering service intervals. Yet gas coolers are the fastest mover, growing 18.6% annually as OEMs refine microchannel fin packs and adopt adiabatic sprays that pull peak-summer EER up 25%.

High-pressure electronic expansion valves and adaptive controls now modulate flow at 120 bar with sub-second precision, driving 15-20% annual efficiency gains. Component improvements cascade into system-level performance, broadening the credible climate range of transcritical CO2 market installations and unlocking projects on every continent.

Refrigeration remained the anchor of the transcritical CO2 market in 2025, generating 67.40% revenue through thousands of supermarket, warehouse, and process-cooling deployments. Energy-saving upgrades, adiabatic gas coolers, ejectors, and parallel compression have improved warm-climate performance, keeping the segment on a double-digit growth path.

Heating, though smaller, is racing ahead at a 18.95% CAGR as factories and district-energy networks adopt high-temperature heat pumps that hit 124 °C outlet and COP levels above 3. When waste-heat integration is added, effective COP values climb past 5, turning what was a compliance-driven technology into a profitable decarbonization tool.

Complete Report Scope:

• By Component
  • Compressors
  • Gas Coolers
  • Valves and Controls
• By Function
  • Refrigeration
  • Heating
  • Air-Conditioning
• By Installation Type
  • New-Build
  • Retrofit
• By Application
  • Commercial Refrigeration
  • Industrial Refrigeration
  • Super Markets
  • Others
• By End-User Industry
  • Food Retail
  • Food and Beverage Manufacturing
  • Logistics and Warehousing
• By Geography
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia and New Zealand
    • Rest of Asia Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • Italy
    • France
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa

Geography Analysis

Europe commanded 77.30% of the 2025 volume, underpinned by the EU's aggressive HFC phase-down and a mature ecosystem of specialized component makers. The region also posts the highest 18.4% CAGR as district-energy pilots adopt 3-10 MW CO2 heat pumps connected to municipal networks, demonstrating megawatt-scale viability.

North America is rapidly catching up as AIM Act rules converge with Canadian thresholds, triggering a wave of supermarket rack orders and purpose-built cold stores. Asia Pacific shows mixed progress. Japan's subsidy programs have driven thousands of convenience-store installations, while China's first industrial blast-freezers and logistics hubs now trial 1-2 MW CO2 skids for export cold chains.

South America and MEA remain early-stage; yet proof-of-concept plants, such as a renewably powered fish-cold-store in Cape Verde that cuts emissions 95%, illustrate viability even in hot, grid-constrained locales. Regional training alliances with European OEMs aim to close the skills gap by 2027, setting the stage for broader penetration.

List of Companies Covered in this Report:

1. Advansor A/S
2. ATMOsphere
3. BITZER Kuhlmaschinenbau GmbH
4. Carnot Refrigeration
5. CCR
6. Danfoss Industries Pvt Ltd
7. Emerson Electric Co.
8. EVAPCO, Inc.
9. FRASCOLD SPA
10. Guntner GmbH & Co. KG
11. Henry Group Industries
12. Hillphoenix
13. M & S GmbH Refrigeration and Air Conditioning Technology
14. MAYEKAWA MFG. CO., LTD.
15. Panasonic Corporation
16. Parker Hannifin Corp
17. SCM Frigo S.p.A.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Stringent F-Gas Phase-Down in Europe and Canada
  • 4.2.2 Increasing Demand from Super Markets and Convenience Stores Segment
  • 4.2.3 Rising Demand from Food Processing and Storage Facilities Segment
  • 4.2.4 Rising demand for natural refrigerants with low environmental impact
  • 4.2.5 Decreasing costs of CO? systems due to scale and innovation.
• 4.3 Market Restraints
  • 4.3.1 Lack of Awareness About Transcritical Co2 Systems
  • 4.3.2 High initial installation and equipment costs.
  • 4.3.3 Slower adoption outside of Europe due to regulatory gaps.
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Degree of Competition

5 Market Size and Growth Forecasts (Volume)

• 5.1 By Component
  • 5.1.1 Compressors
  • 5.1.2 Gas Coolers
  • 5.1.3 Valves and Controls
• 5.2 By Function
  • 5.2.1 Refrigeration
  • 5.2.2 Heating
  • 5.2.3 Air-Conditioning
• 5.3 By Installation Type
  • 5.3.1 New-Build
  • 5.3.2 Retrofit
• 5.4 By Application
  • 5.4.1 Commercial Refrigeration
  • 5.4.2 Industrial Refrigeration
  • 5.4.3 Super Markets
  • 5.4.4 Others
• 5.5 By End-User Industry
  • 5.5.1 Food Retail
  • 5.5.2 Food and Beverage Manufacturing
  • 5.5.3 Logistics and Warehousing
• 5.6 By Geography
  • 5.6.1 Asia Pacific
    • 5.6.1.1 China
    • 5.6.1.2 Japan
    • 5.6.1.3 India
    • 5.6.1.4 South Korea
    • 5.6.1.5 Australia and New Zealand
    • 5.6.1.6 Rest of Asia Pacific
  • 5.6.2 North America
    • 5.6.2.1 United States
    • 5.6.2.2 Canada
    • 5.6.2.3 Mexico
  • 5.6.3 Europe
    • 5.6.3.1 Germany
    • 5.6.3.2 United Kingdom
    • 5.6.3.3 Italy
    • 5.6.3.4 France
    • 5.6.3.5 Rest of Europe
  • 5.6.4 South America
    • 5.6.4.1 Brazil
    • 5.6.4.2 Argentina
    • 5.6.4.3 Rest of South America
  • 5.6.5 Middle East and Africa
    • 5.6.5.1 Saudi Arabia
    • 5.6.5.2 South Africa
    • 5.6.5.3 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share (%)/Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
  • 6.4.1 Advansor A/S
  • 6.4.2 ATMOsphere
  • 6.4.3 BITZER Kuhlmaschinenbau GmbH
  • 6.4.4 Carnot Refrigeration
  • 6.4.5 CCR
  • 6.4.6 Danfoss Industries Pvt Ltd
  • 6.4.7 Emerson Electric Co.
  • 6.4.8 EVAPCO, Inc.
  • 6.4.9 FRASCOLD SPA
  • 6.4.10 Guntner GmbH & Co. KG
  • 6.4.11 Henry Group Industries
  • 6.4.12 Hillphoenix
  • 6.4.13 M & S GmbH Refrigeration and Air Conditioning Technology
  • 6.4.14 MAYEKAWA MFG. CO., LTD.
  • 6.4.15 Panasonic Corporation
  • 6.4.16 Parker Hannifin Corp
  • 6.4.17 SCM Frigo S.p.A.

7 Market Opportunities and Future Outlook

• 7.1 White-Space and Unmet-Need Assessment