세계의 초임계 CO2 시장 : 시장 규모, 점유율, 동향, 성장 기회 분석 보고서 - 용도별, 기능별, 지역별(2025-2031년)

The transcritical CO2 market size is expected to reach US$ 156.99 billion by 2031 from US$ 54.15 billion in 2024. The market is estimated to register a CAGR of 16.8% during 2025-2031. The utilization of CO2 recycled from waste in refrigeration applications is likely to bring new trends to the market in the coming years.

Further, imports and exports of food products have a significant impact on North American and US food security and the economy. The import of food products has intensified in recent years with population growth and urbanization. In 2023, the value of food and farm products exported from the US to the world totaled nearly US$ 175 billion. Soybean, cotton, corn, wheat, and other bulk commodities cumulatively accounted for ~34% of all US agricultural exports in 2023. In 2023, India exported pharmaceuticals and drugs worth INR 606 billion (~US$ 7.21 billion) to the US. On the other hand, the US exported ~US$ 93.6 billion and imported ~US$ 163 billion worth of pharmaceutical products in 2022. Further, in 2024, the US exported US$ 94.4 billion worth of pharmaceutical products. In 2024, the key destinations for US pharmaceutical product exports were China (US$ 9.5 billion), the Netherlands (US$ 8.71 billion), Japan (US$ 8.41 billion), Germany (US$ 7.67 billion), and Canada (US$ 6.8 billion). Additionally, in 2024, the US imported US$ 212 billion of pharmaceutical products. In 2024, the key origins of US pharmaceutical product imports were Ireland (US$ 50.3 billion), Switzerland (US$ 19 billion), Germany (US$ 17.1 billion), Singapore (US$ 15.3 billion), and India (US$ 12.5 billion).

Thus, continuous developments in the food & beverages and pharmaceutical industries, coupled with the rising import and export activities, are expected to fuel the demand for CO2 refrigerants across the globe, thereby generating growth opportunities for the transcritical CO2 market.

Utilizing waste CO2 in a transcritical CO2 cycle involves recovering heat from waste sources and using it to drive a CO2 power or refrigeration cycle. This process can be employed for power generation, cooling, or heating. Waste CO2 refers to carbon dioxide emissions produced as a byproduct of various industrial processes, agricultural activities, and energy production. Instead of allowing the release of CO2 into the atmosphere, it can be captured, purified, and utilized in transcritical refrigeration systems. This approach not only decreases greenhouse gas emissions but also provides a valuable resource for cooling applications.

The utilization of waste CO2 for transcritical refrigeration systems presents a promising prospect for industries aiming to curb their carbon footprint while enhancing energy efficiency. By leveraging captured carbon emissions that would otherwise contribute to climate change, companies can foster sustainable refrigeration solutions that align with global environmental goals. With upgrades in capture and utilization processes following technological advancements and the evolution of regulatory frameworks to support sustainability initiatives, the adoption of waste CO2 in transcritical systems is projected to expand in the near future. The transition to waste CO2 in transcritical refrigeration systems is also being perceived as an important step toward a circular economy, wherein waste is transformed into valuable resources. By embracing the potential of waste CO2, industries can contribute to a more sustainable future while simultaneously achieving operational efficiencies and cost efficiency. Thus, the reuse of waste CO2 is emerging as a noteworthy trend in the transcritical CO2 market.

The global transcritical CO2 market is segmented on the basis of function and application. Based on function, the market is segmented into air conditioning, refrigeration, and heating. The transcritical CO2 market, by application, is segmented into ice skating rinks, food processing and storage facilities, heat pumps, supermarkets and convenience stores, and others.

TEKO Gesellschaft fur Kaltetechnik GmbH, Baltimore Aircoil Co, BITZER Kuhlmaschinenbau GmbH, Carrier Global Corp, Danfoss AS, Hussmann Corp, Emerson Electric Co, Evapco LMP Inc., Mayekawa Manufacturing Co Ltd, and CoolSys are a few of the key players profiled in the transcritical CO2 market report. Other major players were also studied and analyzed in the report to get a holistic view of the market and its ecosystem. The transcritical CO2 market forecast can help stakeholders plan their growth strategies. The market analysis provides detailed market insights, which help the key players strategize their growth.

Table Of Contents

1. Introduction

• 1.1 The Insight Partners Research Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Analyst Market Outlook
• 2.2 Market Attractiveness

3. Research Methodology

• 3.1 Secondary Research
• 3.2 Primary Research
  • 3.2.1 Hypothesis formulation:
  • 3.2.2 Macro-economic factor analysis:
  • 3.2.3 Developing base number:
  • 3.2.4 Data Triangulation:
  • 3.2.5 Country level data:

4. Transcritical CO2 Market Landscape

• 4.1 Overview
• 4.2 PEST Analysis
• 4.3 Ecosystem Analysis
  • 4.3.1 List of Vendors in the Value Chain
• 4.4 Import Export Analysis, 2023 (Trade Value: US$ Thousand)
  • 4.4.1 Import Export Analysis, 2023 - Refrigerating or Freezing Equipment (841869), (Trade Value: US$ Thousand), (Quantity in Kg)
• 4.5 ESG Analysis of the Transcritical CO2 Market

5. Transcritical CO2 Market - Key Market Dynamics

• 5.1 Transcritical CO2 Market - Key Market Dynamics
• 5.2 Market Drivers
  • 5.2.1 Growing Emphasis on Sustainable Refrigeration and Storage Technologies
  • 5.2.2 Rise in Demand for Energy-Efficient Air Conditioning in Data Centers Across North America and Europe
  • 5.2.3 Implementation in Supermarkets and Convenience Stores
• 5.3 Market Restraints
  • 5.3.1 Higher Upfront Cost of Installing Transcritical CO2 Systems
• 5.4 Market Opportunities
  • 5.4.1 Rising Significance of CO2 Refrigerants in Food & Beverages and Pharmaceutical Industries
• 5.5 Future Trends
  • 5.5.1 Advanced Integrated Systems Unlocking Operational Efficiency and Cost Savings
  • 5.5.2 Utilization of Waste CO2 for Refrigeration
• 5.6 Impact of Drivers and Restraints:

6. Transcritical CO2 Market - Global Market Analysis

• 6.1 Transcritical CO2 Market Revenue (US$ Million), 2021-2031
• 6.2 Transcritical CO2 Market Forecast Analysis

7. Transcritical CO2 Market Analysis - by Application

• 7.1 Ice Skating Rinks
  • 7.1.1 Overview
  • 7.1.2 Ice Skating Rinks: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
• 7.2 Food Processing and Storage Facilities
  • 7.2.1 Overview
  • 7.2.2 Food Processing and Storage Facilities: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
• 7.3 Heat Pumps
  • 7.3.1 Overview
  • 7.3.2 Heat Pumps: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
• 7.4 Supermarkets and Convenience Stores
  • 7.4.1 Overview
  • 7.4.2 Supermarkets and Convenience Stores: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
• 7.5 Others
  • 7.5.1 Overview
  • 7.5.2 Others: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)

8. Transcritical CO2 Market Analysis - by Function

• 8.1 Air Conditioning
  • 8.1.1 Overview
  • 8.1.2 Air Conditioning: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
• 8.2 Refrigeration
  • 8.2.1 Overview
  • 8.2.2 Refrigeration: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)
• 8.3 Heating
  • 8.3.1 Overview
  • 8.3.2 Heating: Transcritical CO2 Market - Revenue and Forecast to 2031 (US$ Million)

9. Transcritical CO2 Market - Geographical Analysis

• 9.1 Overview
• 9.2 North America
  • 9.2.1 North America Transcritical CO2 Market Overview
  • 9.2.2 North America: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
  • 9.2.3 North America: Transcritical CO2 Market Breakdown, by Application
    • 9.2.3.1 North America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Application
  • 9.2.4 North America: Transcritical CO2 Market Breakdown, by Function
    • 9.2.4.1 North America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Function
  • 9.2.5 North America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
    • 9.2.5.1 North America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
    • 9.2.5.2 United States: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.2.5.2.1 United States: Transcritical CO2 Market Breakdown, by Application
      • 9.2.5.2.2 United States: Transcritical CO2 Market Breakdown, by Function
    • 9.2.5.3 Canada: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.2.5.3.1 Canada: Transcritical CO2 Market Breakdown, by Application
      • 9.2.5.3.2 Canada: Transcritical CO2 Market Breakdown, by Function
    • 9.2.5.4 Mexico: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.2.5.4.1 Mexico: Transcritical CO2 Market Breakdown, by Application
      • 9.2.5.4.2 Mexico: Transcritical CO2 Market Breakdown, by Function
• 9.3 Europe
  • 9.3.1 Europe Transcritical CO2 Market Overview
  • 9.3.2 Europe: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
  • 9.3.3 Europe: Transcritical CO2 Market Breakdown, by Application
    • 9.3.3.1 Europe: Transcritical CO2 Market - Revenue and Forecast Analysis - by Application
  • 9.3.4 Europe: Transcritical CO2 Market Breakdown, by Function
    • 9.3.4.1 Europe: Transcritical CO2 Market - Revenue and Forecast Analysis - by Function
  • 9.3.5 Europe: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
    • 9.3.5.1 Europe: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
    • 9.3.5.2 Germany: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.3.5.2.1 Germany: Transcritical CO2 Market Breakdown, by Application
      • 9.3.5.2.2 Germany: Transcritical CO2 Market Breakdown, by Function
    • 9.3.5.3 United Kingdom: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.3.5.3.1 United Kingdom: Transcritical CO2 Market Breakdown, by Application
      • 9.3.5.3.2 United Kingdom: Transcritical CO2 Market Breakdown, by Function
    • 9.3.5.4 France: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.3.5.4.1 France: Transcritical CO2 Market Breakdown, by Application
      • 9.3.5.4.2 France: Transcritical CO2 Market Breakdown, by Function
    • 9.3.5.5 Italy: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.3.5.5.1 Italy: Transcritical CO2 Market Breakdown, by Application
      • 9.3.5.5.2 Italy: Transcritical CO2 Market Breakdown, by Function
    • 9.3.5.6 Russia: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.3.5.6.1 Russia: Transcritical CO2 Market Breakdown, by Application
      • 9.3.5.6.2 Russia: Transcritical CO2 Market Breakdown, by Function
    • 9.3.5.7 Rest of Europe: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.3.5.7.1 Rest of Europe: Transcritical CO2 Market Breakdown, by Application
      • 9.3.5.7.2 Rest of Europe: Transcritical CO2 Market Breakdown, by Function
• 9.4 Asia Pacific
  • 9.4.1 Asia Pacific Transcritical CO2 Market Overview
  • 9.4.2 Asia Pacific: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
  • 9.4.3 Asia Pacific: Transcritical CO2 Market Breakdown, by Application
    • 9.4.3.1 Asia Pacific: Transcritical CO2 Market - Revenue and Forecast Analysis - by Application
  • 9.4.4 Asia Pacific: Transcritical CO2 Market Breakdown, by Function
    • 9.4.4.1 Asia Pacific: Transcritical CO2 Market - Revenue and Forecast Analysis - by Function
  • 9.4.5 Asia Pacific: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
    • 9.4.5.1 Asia Pacific: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
    • 9.4.5.2 China: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.4.5.2.1 China: Transcritical CO2 Market Breakdown, by Application
      • 9.4.5.2.2 China: Transcritical CO2 Market Breakdown, by Function
    • 9.4.5.3 Japan: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.4.5.3.1 Japan: Transcritical CO2 Market Breakdown, by Application
      • 9.4.5.3.2 Japan: Transcritical CO2 Market Breakdown, by Function
    • 9.4.5.4 South Korea: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.4.5.4.1 South Korea: Transcritical CO2 Market Breakdown, by Application
      • 9.4.5.4.2 South Korea: Transcritical CO2 Market Breakdown, by Function
    • 9.4.5.5 India: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.4.5.5.1 India: Transcritical CO2 Market Breakdown, by Application
      • 9.4.5.5.2 India: Transcritical CO2 Market Breakdown, by Function
    • 9.4.5.6 Australia: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.4.5.6.1 Australia: Transcritical CO2 Market Breakdown, by Application
      • 9.4.5.6.2 Australia: Transcritical CO2 Market Breakdown, by Function
    • 9.4.5.7 Rest of APAC: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.4.5.7.1 Rest of APAC: Transcritical CO2 Market Breakdown, by Application
      • 9.4.5.7.2 Rest of APAC: Transcritical CO2 Market Breakdown, by Function
• 9.5 Middle East and Africa
  • 9.5.1 Middle East and Africa Transcritical CO2 Market Overview
  • 9.5.2 Middle East and Africa: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
  • 9.5.3 Middle East and Africa: Transcritical CO2 Market Breakdown, by Application
    • 9.5.3.1 Middle East and Africa: Transcritical CO2 Market - Revenue and Forecast Analysis - by Application
  • 9.5.4 Middle East and Africa: Transcritical CO2 Market Breakdown, by Function
    • 9.5.4.1 Middle East and Africa: Transcritical CO2 Market - Revenue and Forecast Analysis - by Function
  • 9.5.5 Middle East and Africa: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
    • 9.5.5.1 Middle East and Africa: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
    • 9.5.5.2 South Africa: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.5.5.2.1 South Africa: Transcritical CO2 Market Breakdown, by Application
      • 9.5.5.2.2 South Africa: Transcritical CO2 Market Breakdown, by Function
    • 9.5.5.3 Saudi Arabia: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.5.5.3.1 Saudi Arabia: Transcritical CO2 Market Breakdown, by Application
      • 9.5.5.3.2 Saudi Arabia: Transcritical CO2 Market Breakdown, by Function
    • 9.5.5.4 United Arab Emirates: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.5.5.4.1 United Arab Emirates: Transcritical CO2 Market Breakdown, by Application
      • 9.5.5.4.2 United Arab Emirates: Transcritical CO2 Market Breakdown, by Function
    • 9.5.5.5 Rest of Middle East and Africa: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.5.5.5.1 Rest of Middle East and Africa: Transcritical CO2 Market Breakdown, by Application
      • 9.5.5.5.2 Rest of Middle East and Africa: Transcritical CO2 Market Breakdown, by Function
• 9.6 South and Central America
  • 9.6.1 South and Central America Transcritical CO2 Market Overview
  • 9.6.2 South and Central America: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
  • 9.6.3 South and Central America: Transcritical CO2 Market Breakdown, by Application
    • 9.6.3.1 South and Central America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Application
  • 9.6.4 South and Central America: Transcritical CO2 Market Breakdown, by Function
    • 9.6.4.1 South and Central America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Function
  • 9.6.5 South and Central America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
    • 9.6.5.1 South and Central America: Transcritical CO2 Market - Revenue and Forecast Analysis - by Country
    • 9.6.5.2 Brazil: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.6.5.2.1 Brazil: Transcritical CO2 Market Breakdown, by Application
      • 9.6.5.2.2 Brazil: Transcritical CO2 Market Breakdown, by Function
    • 9.6.5.3 Argentina: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.6.5.3.1 Argentina: Transcritical CO2 Market Breakdown, by Application
      • 9.6.5.3.2 Argentina: Transcritical CO2 Market Breakdown, by Function
    • 9.6.5.4 Rest of South and Central America: Transcritical CO2 Market - Revenue, 2021 - 2031 (US$ Million)
      • 9.6.5.4.1 Rest of South and Central America: Transcritical CO2 Market Breakdown, by Application
      • 9.6.5.4.2 Rest of South and Central America: Transcritical CO2 Market Breakdown, by Function

10. Competitive Landscape

• 10.1 Heat Map Analysis by Key Players
• 10.2 Company Positioning and Concentration

11. Industry Landscape

• 11.1 Overview
• 11.2 Market Initiative
• 11.3 Product Development
• 11.4 Merger and Acquisition

12. Company Profiles

• 12.1 EKO Gesellschaft fur Kaltetechnik mbH
  • 12.1.1 Key Facts
  • 12.1.2 Business Description
  • 12.1.3 Products and Services
  • 12.1.4 Financial Overview
  • 12.1.5 SWOT Analysis
  • 12.1.6 Key Developments
• 12.2 Baltimore Aircoil Co
  • 12.2.1 Key Facts
  • 12.2.2 Business Description
  • 12.2.3 Products and Services
  • 12.2.4 Financial Overview
  • 12.2.5 SWOT Analysis
  • 12.2.6 Key Developments
• 12.3 BITZER Kuhlmaschinenbau GmbH
  • 12.3.1 Key Facts
  • 12.3.2 Business Description
  • 12.3.3 Products and Services
  • 12.3.4 Financial Overview
  • 12.3.5 SWOT Analysis
  • 12.3.6 Key Developments
• 12.4 Carrier Global Corp
  • 12.4.1 Key Facts
  • 12.4.2 Business Description
  • 12.4.3 Products and Services
  • 12.4.4 Financial Overview
  • 12.4.5 SWOT Analysis
  • 12.4.6 Key Developments
• 12.5 Danfoss AS
  • 12.5.1 Key Facts
  • 12.5.2 Business Description
  • 12.5.3 Products and Services
  • 12.5.4 Financial Overview
  • 12.5.5 SWOT Analysis
  • 12.5.6 Key Developments
• 12.6 Hussmann Corp
  • 12.6.1 Key Facts
  • 12.6.2 Business Description
  • 12.6.3 Products and Services
  • 12.6.4 Financial Overview
  • 12.6.5 SWOT Analysis
  • 12.6.6 Key Developments
• 12.7 Emerson Electric Co
  • 12.7.1 Key Facts
  • 12.7.2 Business Description
  • 12.7.3 Products and Services
  • 12.7.4 Financial Overview
  • 12.7.5 SWOT Analysis
  • 12.7.6 Key Developments
• 12.8 Evapco LMP Inc
  • 12.8.1 Key Facts
  • 12.8.2 Business Description
  • 12.8.3 Products and Services
  • 12.8.4 Financial Overview
  • 12.8.5 SWOT Analysis
  • 12.8.6 Key Developments
• 12.9 Mayekawa Manufacturing Co Ltd
  • 12.9.1 Key Facts
  • 12.9.2 Business Description
  • 12.9.3 Products and Services
  • 12.9.4 Financial Overview
  • 12.9.5 SWOT Analysis
  • 12.9.6 Key Developments
• 12.10 CoolSys
  • 12.10.1 Key Facts
  • 12.10.2 Business Description
  • 12.10.3 Products and Services
  • 12.10.4 Financial Overview
  • 12.10.5 SWOT Analysis
  • 12.10.6 Key Developments

13. Appendix

• 13.1 About The Insight Partners