Transcritical CO2 Systems Market Size, Share & Trends Analysis Report By Function (Refrigeration, Heating, Air Conditioning), By Application (Retail, Heat Pumps), By Region And Segment Forecasts, 2025 - 2030

Transcritical CO2 Systems Market Size, Share & Trends Analysis Report By Function (Refrigeration, Heating, Air Conditioning), By Application (Retail, Heat Pumps), By Region And Segment Forecasts, 2025 - 2030

Transcritical CO2 Systems Market Growth & Trends

The global transcritical CO2 systems market size is expected to reach USD 87.0 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 16.3% from 2025 to 2030. The market growth is attributed to rising demand for air conditioning and refrigeration applications, along with lower operational costs associated with transcritical CO2 systems.

The market is driven by looming taxation and inexorable F-gases restrictions across the globe. In addition, the system’s low global warming potential, significantly smaller copper piping system, and less refrigerant charge in comparison to HFC systems, along with high energy efficiency in most climates, are anticipated to further stimulate the market growth over the coming years.

Refrigeration systems account for around 50% of the energy consumption of a supermarket according to the U.S. Department of Energy as they use HFCs, which have higher GWPs compared to natural refrigerants. Due to federal, international, and local regulations, HFC-free systems are gaining popularity, which is anticipated to boost the product demand over the next few years.

The required global phase-out of HCFCs, need to manage the lifetime operation of HCFC and CFC based equipment, and rising concerns regarding global warming are boosting the market growth. Moreover, rising demand for CO2 as an alternative on account of its high energy performance and same technical reliability as HFC-134a is anticipated to stimulate the market growth over the forecast period.

Transcritical CO2 Systems Market Report Highlights

• Refrigeration functions led the market and accounted for the largest revenue share of 90.2% in 2024. This growth can be attributed to the increasing regulatory pressures to phase out high-GWP refrigerants.
• The retail sector dominated the market and accounted for the largest revenue share of 77.4% in 2024, primarily driven by the increasing demand for energy-efficient and environmentally friendly refrigeration solutions.
• The transcritical CO2 systems market in Europe dominated the market and accounted for the largest revenue share of 77.0% in 2024.

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