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Asia Pacific Transcritical CO2 Market Forecast to 2030 - Regional Analysis - by Application (Ice Skating Rinks, Food Processing & Storage Facilities, Heat Pumps, Supermarkets & Convenience Stores, and Others) and Function (Air Conditioning, Refrigeration,

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from $3,550 112 Pages The Insight Partners December, 2023 TIP18627971
Best Price Guarantee
Price from $3,550
Length 112 Pages
Publisher The Insight Partners
Published Date December, 2023
SKU TIP18627971

Asia Pacific Transcritical CO2 Market Forecast to 2030 - Regional Analysis - by Application (Ice Skating Rinks, Food Processing & Storage Facilities, Heat Pumps, Supermarkets & Convenience Stores, and Others) and Function (Air Conditioning, Refrigeration, and Heating)The Asia Pacific transcritical CO2 market is expected to grow from US$ 12,380.95 million in 2023 to US$ 37,346.72 million by 2030. It is estimated to grow at a CAGR of 17.1% from 2023 to 2030.

Adverse Impact of High Global Warming Potential Refrigerants in Asia Pacific Transcritical CO2 Market

The adverse impact of high GWP refrigerants on climate change is well-recognized. As a result, international agreements and regulations are being implemented to phase out or restrict the use of such refrigerants. Transcritical CO2 systems offer an alternative with significantly lower GWP, making them an attractive option for businesses looking to comply with these regulations. The need to transition away from high GWP refrigerants creates a market opportunity for transcritical CO2 systems. Supermarkets and convenience stores typically have a significant environmental impact due to their reliance on refrigeration systems to store perishable goods. As sustainability and environmental responsibility have become increasingly important, there is a growing need to reduce the carbon footprint and greenhouse gas emissions associated with these cooling systems. As transcritical CO2 systems help mitigate the environmental impact associated with traditional refrigerants and align with sustainability goals, the demand for sustainable solutions presents an opportunity for transcritical CO2 systems to gain market share.

Asia Pacific Transcritical CO2 Market Overview

In APAC, industrialization propels the demand for cooling and heating solutions across various commercial and industrial sectors. Additionally, stringent government regulations and policies promote eco-friendly technologies, which have fueled the adoption of transcritical CO2 systems. For instance, there are rising pledges to achieve carbon neutrality by 2050 and 2060. According to the ESCAP, UNEP, and UNICEF joint assessment study, 39 of the 49 Asia Pacific member states have set commitments to achieve carbon neutrality and net zero emissions. Several nations look forward to adopting or updating their long-term low-emission development policies to achieve carbon neutrality and net-zero pledges. Deep decarbonization sectoral pathways for energy, transport, urban development, trade, and investment are being implemented and developed to support more ambitious NDCs and carbon neutrality/net-zero commitments. Thus, transcritical CO2 systems are widely utilized in APAC to achieve carbon neutrality.

China, South Korea, or Japan can play a significant role in the swift rise of the global grocery sector. According to the Institute of Grocery Distribution (IGD), online grocery sales across Asia's top 12 grocery markets are expected to grow to US$ 295 billion, a 198% increase, in 2023. As Asia's grocery market increases, so will the demand for cooling systems, which will drive the transcritical CO2 market expansion. Thus, the transcritical CO2 systems market growth is driven by favorable government policies, increasing awareness of environmental sustainability, and the need for energy-efficient cooling and heating solutions. With ongoing technological advancement and a strong focus on sustainable development, the market is expected to expand further in the coming years.

Asia Pacific Transcritical CO2 Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Transcritical CO2 Market Segmentation

The Asia Pacific transcritical CO2 market is segmented into application, function, and country.

Based on application, the Asia Pacific transcritical CO2 market is segmented into ice skating rinks, food processing & storage facilities, heat pumps, supermarkets & convenience stores, and others. The supermarkets and convenience stores segment held the largest share of the Asia Pacific transcritical CO2 market in 2023.

Based on function, the Asia Pacific transcritical CO2 market is segmented into air conditioning, refrigeration, and heating. The refrigeration segment held the largest share of the Asia Pacific transcritical CO2 market in 2023.

Based on country, the Asia Pacific transcritical CO2 market is segmented int o the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific transcritical CO2 market in 2023.

Baltimore Aircoil Co, BITZER Kuhlmaschinenbau GmbH, Carrier Global Corp, Danfoss AS, Emerson Electric Co, Hussmann Corp., Panasonic Holdings Corp, and Mayekawa Manufacturing Co Ltd are some of the leading companies operating in the Asia Pacific transcritical CO2 market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific transcritical CO2 market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific transcritical CO2 market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.


1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Transcritical CO2 Market Landscape
4.1 Market Overview
4.2 Asia Pacific PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Transcritical CO2 Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Sustainable Cooling and Refrigeration Solutions
5.1.2 Adoption of Transcritical CO2 Systems in Supermarkets and Convenience Stores
5.2 Market Restraints
5.2.1 Higher Upfront Cost of Installing Transcritical CO2 System
5.3 Market Opportunities
5.3.1 Adverse Impact of High Global Warming Potential Refrigerants
5.4 Future Trends
5.4.1 Growing Adoption of Integrated Transcritical CO2 Systems
5.5 Asia Pacific Impact Analysis of Drivers and Restraints
6. Transcritical CO2 Market – Asia Pacific Market Analysis
6.1 Asia Pacific Transcritical CO2 Market Regional Overview
6.2 Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
7. Asia Pacific Transcritical CO2 Market Analysis – By Application
7.1 Overview
7.2 Asia Pacific Transcritical CO2 Market, By Application (2022 and 2030)
7.3 Ice Skating Rinks
7.3.1 Overview
7.3.2 Ice Skating Rinks: Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Food Processing & Storage Facilities
7.4.1 Overview
7.4.2 Food Processing & Storage Facilities: Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Heat Pumps
7.5.1 Overview
7.6 Supermarkets & Convenience Stores
7.6.1 Overview
7.6.2 Supermarkets & Convenience Stores: Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Transcritical CO2 Market Analysis – By Function
8.1 Overview
8.2 Asia Pacific Transcritical CO2 Market, By Function (2022 and 2030)
8.3 Air Conditioning
8.3.1 Overview
8.3.2 Air Conditioning: Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Refrigeration
8.4.1 Overview
8.4.2 Refrigeration: Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Heating
8.5.1 Overview
8.5.2 Heating: Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Transcritical CO2 Market– Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Transcritical CO2 Market, by Key Country
9.1.1.1 Australia: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
9.1.1.1.1 Australia: Transcritical CO2 Market, By Application
9.1.1.1.2 Australia: Transcritical CO2 Market, By Function Type
9.1.1.2 China: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 China: Transcritical CO2 Market, By Application
9.1.1.2.2 China: Transcritical CO2 Market, By Function Type
9.1.1.3 India: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 India: Transcritical CO2 Market, By Application
9.1.1.3.2 India: Transcritical CO2 Market, By Function Type
9.1.1.4 Japan: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Japan: Transcritical CO2 Market, By Application
9.1.1.4.2 Japan: Transcritical CO2 Market, By Function Type
9.1.1.5 South Korea: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
9.1.1.5.1 South Korea: Transcritical CO2 Market, By Application
9.1.1.5.2 South Korea: Transcritical CO2 Market, By Function Type
9.1.1.6 Rest of APAC: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
9.1.1.6.1 Rest of APAC: Transcritical CO2 Market, By Application
9.1.1.6.2 Rest of APAC: Transcritical CO2 Market, By Function Type
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 Baltimore Aircoil Co
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 BITZER Kuhlmaschinenbau GmbH
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Carrier Global Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Danfoss AS
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Hussmann Corp
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Emerson Electric Co
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Panasonic Holdings Corp
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Mayekawa Manufacturing Co Ltd
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
Table 2. Australia: Transcritical CO2 Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 3. Australia: Transcritical CO2 Market, By Function Type – Revenue and Forecast to 2030 (US$ Million)
Table 4. China: Transcritical CO2 Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 5. China: Transcritical CO2 Market, By Function Type – Revenue and Forecast to 2030 (US$ Million)
Table 6. India: Transcritical CO2 Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 7. India: Transcritical CO2 Market, By Function Type – Revenue and Forecast to 2030 (US$ Million)
Table 8. Japan: Transcritical CO2 Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 9. Japan: Transcritical CO2 Market, By Function Type – Revenue and Forecast to 2030 (US$ Million)
Table 10. South Korea: Transcritical CO2 Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 11. South Korea: Transcritical CO2 Market, By Function Type – Revenue and Forecast to 2030 (US$ Million)
Table 12. Rest of APAC: Transcritical CO2 Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 13. Rest of APAC: Transcritical CO2 Market, By Function Type – Revenue and Forecast to 2030 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Transcritical CO2 Market Segmentation
Figure 2. Asia Pacific Transcritical CO2 Market Segmentation – By Country
Figure 3. Asia Pacific Transcritical CO2 Market Overview
Figure 4. Asia Pacific Transcritical CO2 Market, by Application
Figure 5. Asia Pacific Transcritical CO2 Market, by Function
Figure 6. Asia Pacific Transcritical CO2 Market, by Country
Figure 7. PEST Analysis
Figure 8. Expert Opinion
Figure 9. Asia Pacific Transcritical CO2 Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Asia Pacific Transcritical CO2 Market Revenue Share, By Application (2022 and 2030)
Figure 12. Ice Skating Rinks: Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Food Processing & Storage Facilities: Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Heat Pumps: Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Supermarkets & Convenience Stores: Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Others: Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Asia Pacific Transcritical CO2 Market Revenue Share, By Function (2022 and 2030)
Figure 18. Air Conditioning: Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Refrigeration: Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Heating: Asia Pacific Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Asia Pacific: Transcritical CO2 Market, by Key Country – Revenue (2022) (US$ Million)
Figure 22. Asia Pacific: Transcritical CO2 Revenue Share, by Key Country (2022 and 2030)
Figure 23. Australia: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
Figure 24. China: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
Figure 25. India: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
Figure 26. Japan: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
Figure 27. South Korea: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
Figure 28. Rest of APAC: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)

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