The Global CO2 Compressor Market was valued at USD 2.00 billion in 2023 and is anticipated to grow at a CAGR of 7.9% over the forecast period 2024-2032, reaching approximately USD 3.96 billion by 2032. The market growth is driven by technological advancements in CO2 compressor systems, rising adoption of natural refrigerants, and strict environmental regulations promoting energy-efficient and low-emission refrigeration solutions.
Industries such as food & beverage, pharmaceuticals, oil & gas, and industrial processing are increasingly integrating CO2 compressors to ensure sustainability and energy efficiency. CO2 compressors offer superior cooling capabilities, making them the preferred choice in refrigeration and HVAC applications. The transition toward eco-friendly refrigerants, coupled with the push for carbon neutrality, is further bolstering the adoption of CO2-based compressor technologies.
A key market driver is the growing regulatory pressure from government bodies such as the EU, EPA, and international climate agreements mandating the phasing out of high-GWP refrigerants. This regulatory push has accelerated investment in CO2 compressor technologies, particularly in the retail, healthcare, and transportation refrigeration sectors. Additionally, advancements in IoT-enabled compressor monitoring systems and AI-driven predictive maintenance solutions are enhancing system efficiency and reducing operational costs.
Regionally, North America and Europe dominate the CO2 compressor market due to early adoption of green refrigerants and regulatory compliance. Asia Pacific is expected to exhibit the fastest growth due to rapid industrialization, urbanization, and increasing adoption of sustainable cooling systems. In particular, China and India are investing heavily in low-carbon technologies, fostering increased demand for CO2 compressors across food processing, commercial refrigeration, and carbon capture applications.
Major Market Players Included in This Report Are:
• Atlas Copco AB
• Siemens AG
• Mitsubishi Heavy Industries, Ltd.
• Danfoss
• Copeland LP
• Dorin S.p.A.
• HAUG Sauer Kompressoren AG
• Mehrer Compression GmbH
• SANDEN CORPORATION
• Panasonic Corporation
• Pentair
• Haier Carrier
• Bengbu AOT Compressor Co., Ltd.
• Sollant Group
• Wärtsilä
The Detailed Segments and Sub-Segments of the Market Are Explained Below:
By Product Type
• Reciprocating Compressors
• Screw Compressor
• Centrifugal Compressor
By Application
• Refrigeration
• Air Conditioning
• Carbonating
• Carbon Capture Application
By Type
• Oil-Cooled Compressors
• Water-Cooled Compressors
By Power Source
• Electric Compressors
• Gas-Powered Compressors
By End Use
• Oil & Gas
• Power Generation
• Chemicals & Petrochemicals
• Food & Beverage
• Pharmaceuticals
• Others
By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
• Asia Pacific
China
India
Japan
South Korea
Australia
• Latin America
Brazil
Argentina
• Middle East & Africa
South Africa
Saudi Arabia
UAE
Years Considered for the Study Are As Follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of geographical landscape with country-level market insights.
• Competitive landscape featuring market leaders, growth strategies, and company profiles.
• Insights into key business strategies, investments, and expansion initiatives.
• Competitive structure and analysis of top players operating in the market.
• Demand-side and supply-side evaluation of the market.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
- Chapter 1. Global CO2 Compressor Market Executive Summary
- 1.1. Global CO2 Compressor Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Product Type
- 1.3.2. By Application
- 1.3.3. By Type
- 1.3.4. By Power Source
- 1.3.5. By End-Use
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
- Chapter 2. Global CO2 Compressor Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer’s Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Global CO2 Compressor Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing demand for eco-friendly refrigerants in HVAC and refrigeration applications
- 3.1.2. Technological advancements in compressor efficiency and durability
- 3.1.3. Expansion of end-use industries, including food & beverage and pharmaceuticals
- 3.2. Market Challenges
- 3.2.1. High initial cost and maintenance complexity of CO2 compressors
- 3.2.2. Limited awareness and shortage of skilled labor for handling CO2 compressor systems
- 3.3. Market Opportunities
- 3.3.1. Growing adoption of CO2 compressors in carbon capture & storage applications
- 3.3.2. Expansion of sustainable and energy-efficient industrial cooling solutions
- Chapter 4. Global CO2 Compressor Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model
- 4.1.7. Porter’s 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends in CO2 Compressor Industry
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. Global CO2 Compressor Market Size & Forecasts by Product Type (2022-2032)
- 5.1. Segment Dashboard
- 5.2. Global CO2 Compressor Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Reciprocating Compressors
- 5.2.2. Screw Compressor
- 5.2.3. Centrifugal Compressor
- Chapter 6. Global CO2 Compressor Market Size & Forecasts by Application (2022-2032)
- 6.1. Segment Dashboard
- 6.2. Global CO2 Compressor Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Refrigeration
- 6.2.2. Air Conditioning
- 6.2.3. Carbonating
- 6.2.4. Carbon Capture Application
- Chapter 7. Global CO2 Compressor Market Size & Forecasts by Type (2022-2032)
- 7.1. Segment Dashboard
- 7.2. Global CO2 Compressor Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Oil-Cooled Compressors
- 7.2.2. Water-Cooled Compressors
- Chapter 8. Global CO2 Compressor Market Size & Forecasts by Power Source (2022-2032)
- 8.1. Segment Dashboard
- 8.2. Global CO2 Compressor Market: Power Source Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Electric Compressors
- 8.2.2. Gas-Powered Compressors
- Chapter 9. Global CO2 Compressor Market Size & Forecasts by End Use (2022-2032)
- 9.1. Segment Dashboard
- 9.2. Global CO2 Compressor Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 9.2.1. Oil & Gas
- 9.2.2. Power Generation
- 9.2.3. Chemicals & Petrochemicals
- 9.2.4. Food & Beverage
- 9.2.5. Pharmaceuticals
- 9.2.6. Others
- Chapter 10. Global CO2 Compressor Market Size & Forecasts by Region (2022-2032)
- 10.1. North America CO2 Compressor Market
- 10.1.1. U.S.
- 10.1.2. Canada
- 10.1.3. Mexico
- 10.2. Europe CO2 Compressor Market
- 10.2.1. UK
- 10.2.2. France
- 10.2.3. Germany
- 10.2.4. Italy
- 10.2.5. Spain
- 10.3. Asia-Pacific CO2 Compressor Market
- 10.3.1. China
- 10.3.2. India
- 10.3.3. Japan
- 10.3.4. South Korea
- 10.3.5. Australia
- 10.4. Latin America CO2 Compressor Market
- 10.4.1. Brazil
- 10.4.2. Argentina
- 10.5. Middle East & Africa CO2 Compressor Market
- 10.5.1. South Africa
- 10.5.2. Saudi Arabia
- 10.5.3. UAE
- Chapter 11. Competitive Intelligence
- 11.1. Key Company SWOT Analysis
- 11.1.1. Atlas Copco AB
- 11.1.2. Siemens AG
- 11.1.3. Mitsubishi Heavy Industries, Ltd.
- 11.2. Top Market Strategies
- 11.3. Company Profiles
- 11.3.1. Atlas Copco AB
- 11.3.2. Siemens AG
- 11.3.3. Mitsubishi Heavy Industries, Ltd.
- 11.3.4. Danfoss
- 11.3.5. Copeland LP
- 11.3.6. Dorin S.p.A.
- 11.3.7. HAUG Sauer Kompressoren AG
- 11.3.8. Mehrer Compression GmbH
- 11.3.9. SANDEN CORPORATION
- 11.3.10. Panasonic Corporation
- Chapter 12. Research Process
- 12.1. Research Process
- 12.2. Data Mining
- 12.3. Market Estimation
- 12.4. Validation
- 12.5. Publishing
- 12.6. Research Attributes
- List of Tables
- TABLE 1. Global CO2 Compressor Market, Report Scope
- TABLE 2. Global CO2 Compressor Market Estimates & Forecasts by Region (2022-2032) (USD Billion)
- TABLE 3. Global CO2 Compressor Market Estimates & Forecasts by Product Type (2022-2032) (USD Billion)
- TABLE 4. Global CO2 Compressor Market Estimates & Forecasts by Application (2022-2032) (USD Billion)
- TABLE 5. Global CO2 Compressor Market Estimates & Forecasts by Type (2022-2032) (USD Billion)
- TABLE 6. Global CO2 Compressor Market Estimates & Forecasts by Power Source (2022-2032) (USD Billion)
- TABLE 7. Global CO2 Compressor Market Estimates & Forecasts by End-Use (2022-2032) (USD Billion)
- TABLE 8. North America CO2 Compressor Market Estimates & Forecasts by Product Type (2022-2032) (USD Billion)
- TABLE 9. North America CO2 Compressor Market Estimates & Forecasts by Application (2022-2032) (USD Billion)
- TABLE 10. U.S. CO2 Compressor Market Estimates & Forecasts by Power Source (2022-2032) (USD Billion)
- TABLE 11. Canada CO2 Compressor Market Estimates & Forecasts by Type (2022-2032) (USD Billion)
- TABLE 12. Europe CO2 Compressor Market Estimates & Forecasts by End-Use (2022-2032) (USD Billion)
- TABLE 13. Germany CO2 Compressor Market Estimates & Forecasts by Application (2022-2032) (USD Billion)
- TABLE 14. UK CO2 Compressor Market Estimates & Forecasts by Product Type (2022-2032) (USD Billion)
- TABLE 15. Asia Pacific CO2 Compressor Market Estimates & Forecasts by Power Source (2022-2032) (USD Billion)
- TABLE 16. China CO2 Compressor Market Estimates & Forecasts by End-Use (2022-2032) (USD Billion)
- TABLE 17. India CO2 Compressor Market Estimates & Forecasts by Application (2022-2032) (USD Billion)
- TABLE 18. Latin America CO2 Compressor Market Estimates & Forecasts by Type (2022-2032) (USD Billion)
- TABLE 19. Brazil CO2 Compressor Market Estimates & Forecasts by Power Source (2022-2032) (USD Billion)
- TABLE 20. Middle East & Africa CO2 Compressor Market Estimates & Forecasts by End-Use (2022-2032) (USD Billion)
- TABLE 21. Saudi Arabia CO2 Compressor Market Estimates & Forecasts by Type (2022-2032) (USD Billion)
- TABLE 22. CO2 Compressor Market Competitive Landscape: Market Share of Key Players (2023)
- TABLE 23. Global Investment Trends in CO2 Compressor Market (2022-2032)
- TABLE 24. Recent Mergers and Acquisitions in the CO2 Compressor Industry (2020-2023)
- TABLE 25. Regulatory Policies Impacting the CO2 Compressor Market by Region
- TABLE 26. CO2 Compressor Market Pricing Analysis by Product Type (2022-2032)
- TABLE 27. CO2 Compressor Industry Growth by Key Applications (2022-2032)
- TABLE 28. R&D Investment Trends Among Leading CO2 Compressor Manufacturers
- TABLE 29. New Product Launches in the CO2 Compressor Market (2020-2024)
- TABLE 30. Carbon Emission Reduction Initiatives Impacting the CO2 Compressor Market
- List of Figures
- FIGURE 1. Global CO2 Compressor Market, Research Methodology
- FIGURE 2. CO2 Compressor Market Estimation Techniques
- FIGURE 3. Global CO2 Compressor Market Size Trends (2022-2032) (USD Billion)
- FIGURE 4. CO2 Compressor Market Revenue Share by Product Type, 2022 & 2032
- FIGURE 5. CO2 Compressor Market Revenue Share by Application, 2022 & 2032
- FIGURE 6. Market Growth Drivers & Restraints in CO2 Compressor Industry (2023)
- FIGURE 7. Global CO2 Compressor Market, Porter’s Five Forces Analysis
- FIGURE 8. PESTEL Analysis of the CO2 Compressor Market
- FIGURE 9. Regional CO2 Compressor Market Breakdown & Growth Rates (2022-2032)
- FIGURE 10. Technological Advancements in CO2 Compressors for Refrigeration
- FIGURE 11. Global Adoption Trends of CO2-Based Refrigerants
- FIGURE 12. Competitive Landscape Analysis: Market Positioning of Key Players
- FIGURE 13. Investment Trends in Smart and Sustainable CO2 Compressor Technologies
- FIGURE 14. CO2 Compressor Market Share by Region (2022-2032)
- FIGURE 15. New Product Developments in the CO2 Compressor Industry (2020-2024)
- FIGURE 16. CO2 Compressor Demand in HVAC Applications (2022-2032)
- FIGURE 17. Impact of Regulatory Changes on CO2 Compressor Adoption Rate
- FIGURE 18. Industry-wide R&D Investment Trends in CO2 Compressors (2022-2032)
- FIGURE 19. CO2 Compressor Market Revenue by End-Use Industry (2022-2032)
- FIGURE 20. Future Trends in CO2 Compressor Efficiency & Sustainability Innovations
- FIGURE 21. CO2 Compressor Demand in Carbon Capture & Storage Applications
- FIGURE 22. Impact of Electric Compressors on CO2 Compressor Market Growth
- FIGURE 23. Market Strategies of Key Players: Strategic Partnerships and Expansions
- FIGURE 24. CO2 Compressor Market Growth in the Food & Beverage Industry (2022-2032)
- FIGURE 25. Overview of Smart Technologies Integration in CO2 Compressors
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook