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Transcritical CO2 Market Global Industry Analysis 2015 - 2023

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Transcritical CO2is an energy-efficient technology that is widely used in refrigeration, heat pump, and air conditioning industries. Most of the refrigeration, air conditioning, and heat generating systems operate under varying climatic conditions.
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REPORT DESCRIPTION
Transcritical CO2is an energy-efficient technology that is widely used in refrigeration, heat pump, and air
conditioning industries. Most of the refrigeration, air conditioning, and heat generating systems operate
under varying climatic conditions. Different chemicals and gaseous mixtures such as NH3, SO2, and
hydrofluorocarbons (HFC) have been used in the past few years to cope with climatic variations. However,
usage of transcritical CO2technology has resulted in providing improved energy efficiency and minimized
problems related to global warming as compared to chemicals and other gaseous mixtures that were
previously used.
In-depth research report on Transcritical CO2 Market with Full TOC at :
http://www.transparencymarketresearch.com/transcritical-co2-market.html
CO2is a supercritical fluid that has been considered as a safety refrigerant as it is chlorine-free, nonflammable, and has no ozone depletion potential. Furthermore, it is preferred over other refrigerants as its
vapor pressure is considerably higher and its thermodynamic properties change rapidly with variations in
temperature and pressure conditions. Transcritical CO2technology is a vapor compression system in which
CO2 operates at normal temperature and is primarily required in heat pump and refrigeration systems.
Working at normal temperature helps in sustenance and control of critical pressures inside the operating
system. Major end-users of transcritical CO2 technology include marine, transportation, household
appliance, and food processing industries.
Growing environmental regulations related to usage of chlorofluorocarbons (CFC) and greenhouse gases
(GHG) is expected to drive global demand for transcritical CO2 during the next couple of years.Various
chlorofluorocarbons such as carbon tetrachloride, dichlorofluoromethane, dimethyl ether, and ethane are
commonly used industrial refrigerants. These CFCs have greater ozone depletion potential as well as global
warming potential as the chloride bond present in these compounds interferes with the ozone molecule,
thus breaking its molecular bond to give oxygen and chlorine monoxide molecules. This process leads to
depletion of protective atmospheric layers and failsto block harmful UV rays of the Sun from penetrating
through the layer. Rising awareness about global warming has impeded the alarming necessity for usage
of chlorine-free refrigeration and heat pump systems. Hence, demand for transcriticalCO2 technology is
anticipated to increase at a faster rate by the end of 2023. Transcritical CO2 technology comprises usage
of CO2, which has superior performance characteristics such as zero global warming as well as ozone
depletion potential, non-toxicity, and inflammability. Hence, this technology is anticipated to replace other
thermal technologies during the forecast period.
In terms of demand, Europe and North America held larger share of the global transcritical CO2 market in
2014. Europe is estimated to continue dominating the transcritical CO2 market due to strict governmental
regulations as well as abolishment of usage of CFCs. The U.K.followed by Germany, Denmark, France, and
Norwayare few major countries in Europe that are likely to depict substantial growth in the transcritical
CO2 market by the end of 2023.However, North America is anticipated to be one of the fastest-growing
markets for transcritical CO2during the next couple of years due to high demand for energy and costsaving technologies. Asia Pacific is also likely to depict a similar scenario due to significant growth of enduser applications of the transcritical CO2 market, chiefly heat pumps. Australia and Japan are few of the
major consumers of transcritical CO2 in Asia Pacific that are likely to support growth in this region in the
next couple of years.Currently, Latin America and the Middle East & Africa are projected to experience
steady market growth due to current economic status as well as nascent developing stages of refrigeration
and airconditioning industries.
Some of the key players operating in the transcritical CO2 market include Emerson Climate Technologies,
Parker Hannifin Corporation, Green & Cool World Refrigeration AB, andCarrier Commercial Refrigeration.
This research report analyzes this market on the basis of its market segments, major
geographies, and current market trends. Geographies analyzed under this research report
include
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North America
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Asia Pacific
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Europe
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Middle East and Africa
Latin America
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This report provides comprehensive analysis of
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Market growth drivers
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Factors limiting market growth
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Current market trends
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Market structure
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Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market players and new entrants
along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
•
It provides a forward looking perspective on different factors driving or restraining market growth
•
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
•
It helps in understanding the key product segments and their future
•
It provides pin point analysis of changing competition dynamics and keeps you ahead of
competitors
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It helps in making informed business decisions by having complete insights of market and by
making in-depth analysis of market segments
•
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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