Growing Adoption of Integrated Transcritical CO2 Systems Fuel the Middle East & Africa Transcritical CO2 Market
One unique advantage of transcritical CO2 systems is their ability to provide both cooling and heating capabilities. Supermarkets and convenience stores can benefit from the heat reclaim feature of transcritical CO2 systems, where waste heat from the refrigeration process is captured and repurposed for heating applications, such as space heating or hot water production. This integrated heating capability can significantly reduce energy consumption and costs associated with separate heating systems, providing additional operational efficiency and cost savings for retailers. The integrated heating capabilities of transcritical CO2 systems align with the growing emphasis on energy efficiency and sustainability. By utilizing waste heat for heating purposes, these systems maximize energy utilization and reduce the reliance on separate heating systems. This aligns with the goals of reducing greenhouse gas emissions and minimizing energy consumption. Thus, the transcritical CO2 market is expected to witness growing adoption of integrated transcritical CO2 systems during the forecast period.
Middle East & Africa Transcritical CO2 Market Overview
The food retail industry in the Middle East & Africa (MEA) is witnessing significant growth, creating opportunities for both local and international players. The evolving consumer preferences, increasing urbanization, and changing retail landscape in the region present a dynamic market for food retailers and manufacturers. Transcritical CO2 systems are widely used in modern supermarkets and hypermarkets for refrigeration and cooling applications. These systems can efficiently maintain the desired temperature for various food products, such as fresh produce, dairy, meat, and frozen goods. Thus, the growing food retail industry in the MEA contributes to the increasing adoption of transcritical CO2 systems. In May 2021, the installation of the second transcritical CO2 (R744) refrigeration system by TEKO, a German OEM, at the storage facility in Rishon LeZion marks a significant step for The Mania Group, an Israeli meat producer with a chain of supermarkets and convenience stores.
Middle East & Africa Transcritical CO2 Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Transcritical CO2 Market Segmentation
The Middle East & Africa transcritical CO2 market is segmented into category, application, and country
Based on application, the Middle East & Africa 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 Middle East & Africa transcritical CO2 market in 2023.
Based on function, the Middle East & Africa transcritical CO2 market is segmented into air conditioning, refrigeration, and heating. The refrigeration segment held the largest share of the Middle East & Africa transcritical CO2 market in 2023.
Based on country, the Middle East & Africa transcritical CO2 market is segmented int o the South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa transcritical CO2 market in 2023.
Baltimore Aircoil Co, BITZER Kuhlmaschinenbau GmbH, Carrier Global Corp, Danfoss AS, Emerson Electric Co, Panasonic Holdings Corp, and Mayekawa Manufacturing Co Ltd are some of the leading companies operating in the Middle East & Africa transcritical CO2 market.
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Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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- 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. Middle East & Africa Transcritical CO2 Market Landscape
- 4.1 Market Overview
- 4.2 Middle East & Africa PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. Middle East & Africa 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 Middle East & Africa Impact Analysis of Drivers and Restraints
- 6. Middle East & Africa Transcritical CO2 Market –market Analysis
- 6.1 Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- 7. Middle East & Africa Transcritical CO2 Market Analysis – By Application
- 7.1 Overview
- 7.2 Middle East & Africa Transcritical CO2 Market, By Application (2022 and 2030)
- 7.3 Ice Skating Rinks
- 7.3.1 Overview
- 7.3.2 Ice Skating Rinks: Middle East & Africa 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: Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- 7.5 Heat Pumps
- 7.5.1 Overview
- 7.5.2 Heat Pumps: Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- 7.6 Supermarkets & Convenience Stores
- 7.6.1 Overview
- 7.6.2 Supermarkets & Convenience Stores: Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- 7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- 8. Middle East & Africa Transcritical CO2 Market Analysis – By Function
- 8.1 Overview
- 8.2 Middle East & Africa Transcritical CO2 Market, By Function (2022 and 2030)
- 8.3 Air Conditioning
- 8.3.1 Overview
- 8.3.2 Air Conditioning: Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- 8.4 Refrigeration
- 8.4.1 Overview
- 8.4.2 Refrigeration: Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- 8.5 Heating
- 8.5.1 Overview
- 8.5.2 Heating: Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- 9. Middle East & Africa Transcritical CO2 Market– Country Analysis
- 9.1 Overview
- 9.1.1 Middle East & Africa: Transcritical CO2 Market, by Key Country – Revenue (2022) (US$)
- 9.1.2 Middle East & Africa: Transcritical CO2 Market, by Key Country
- 9.1.2.1 South Africa: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
- 9.1.2.1.1 South Africa: Transcritical CO2 Market, By Application
- 9.1.2.1.2 South Africa: Transcritical CO2 Market, By Function Type
- 9.1.2.2 Saudi Arabia: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
- 9.1.2.2.1 Saudi Arabia: Transcritical CO2 Market, By Application
- 9.1.2.2.2 Saudi Arabia: Transcritical CO2 Market, By Function Type
- 9.1.2.3 UAE: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
- 9.1.2.3.1 UAE: Transcritical CO2 Market, By Application
- 9.1.2.3.2 UAE: Transcritical CO2 Market, By Function Type
- 9.1.2.4 Rest of MEA: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
- 9.1.2.4.1 Rest of MEA: Transcritical CO2 Market, By Application
- 9.1.2.4.2 Rest of MEA: 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 Emerson Electric Co
- 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 Panasonic Holdings Corp
- 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 Mayekawa Manufacturing Co Ltd
- 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
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Word Index
- LIST OF TABLES
- Table 1. Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- Table 2. South Africa: Transcritical CO2 Market, By Application – Revenue and Forecast to 2030 (US$ Million)
- Table 3. South Africa: Transcritical CO2 Market, By Function Type – Revenue and Forecast to 2030 (US$ Million)
- Table 4. Saudi Arabia: Transcritical CO2 Market, By Application – Revenue and Forecast to 2030 (US$ Million)
- Table 5. Saudi Arabia: Transcritical CO2 Market, By Function Type – Revenue and Forecast to 2030 (US$ Million)
- Table 6. UAE: Transcritical CO2 Market, By Application – Revenue and Forecast to 2030 (US$ Million)
- Table 7. UAE: Transcritical CO2 Market, By Function Type – Revenue and Forecast to 2030 (US$ Million)
- Table 8. Rest of MEA: Transcritical CO2 Market, By Application – Revenue and Forecast to 2030 (US$ Million)
- Table 9. Rest of MEA: Transcritical CO2 Market, By Function Type – Revenue and Forecast to 2030 (US$ Million)
- Table 10. List of Abbreviation
- LIST OF FIGURES
- Figure 1. Middle East & Africa Transcritical CO2 Market Segmentation
- Figure 2. Middle East & Africa Transcritical CO2 Market Segmentation – By Country
- Figure 3. Middle East & Africa Transcritical CO2 Market Overview
- Figure 4. Middle East & Africa Transcritical CO2 Market, by Application
- Figure 5. Middle East & Africa Transcritical CO2 Market, by Function
- Figure 6. Middle East & Africa Transcritical CO2 Market, by Country
- Figure 7. Middle East & Africa PEST Analysis
- Figure 8. Expert Opinion
- Figure 9. Middle East & Africa Transcritical CO2 Market Impact Analysis of Drivers and Restraints
- Figure 10. Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- Figure 11. Middle East & Africa Transcritical CO2 Market Revenue Share, By Application (2022 and 2030)
- Figure 12. Ice Skating Rinks: Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- Figure 13. Food Processing & Storage Facilities: Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- Figure 14. Heat Pumps: Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- Figure 15. Supermarkets & Convenience Stores: Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- Figure 16. Others: Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- Figure 17. Middle East & Africa Transcritical CO2 Market Revenue Share, By Function (2022 and 2030)
- Figure 18. Air Conditioning: Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- Figure 19. Refrigeration: Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- Figure 20. Heating: Middle East & Africa Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
- Figure 21. Middle East & Africa: Transcritical CO2 Revenue Share, by Key Country – Revenue (2022) (US$)
- Figure 22. Middle East & Africa: Transcritical CO2 Revenue Share, by Key Country (2022 and 2030)
- Figure 23. South Africa: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
- Figure 24. Saudi Arabia: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
- Figure 25. UAE: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
- Figure 26. Rest of MEA: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
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