"Transcritical CO2 Market Segmentation: Product Type, Distribution Channel and Regional Analysis"
Data Bridge Market Research predicts that the transcritical
CO2 market will experience market growth during the forecast period from 2021
to 2028. The market is expected to grow at a CAGR of 17.6%. Transcritical
CO2 systems are considered environmentally friendly and reliable. These systems
cool CO2, but it does not condense at the outlet of the gas cooler and operates
above the critical point. Transcritical CO2 systems are ideal for medium to
large cold storage facilities, supermarkets, and light industrial processes.
Market Insights and Scope
The growth of the transcritical CO2
market is driven by the increasing demand in industries such as margarine
production, ice making, and beer brewing. Furthermore, the market is expected
to grow due to the rising need for air conditioning and refrigeration
applications, as well as the lower operating costs associated with these
systems. Manufacturers are also focused on ecological protection, social
responsibility, and economic viability, which contributes to the demand for
transcritical CO2. However, a lack of awareness about transcritical CO2 systems
and the need for knowledge about their operation is expected to impede market
growth.
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