Wishing you all the joys of the season! 
Middle East & Africa Transcritical CO2 Market Forecast to 2030
Middle East & Africa 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)
$2,485 – $3,885
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
- Reviews (0)
Description
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.
Summary Info
| Industry: | |
|---|---|
| Pricing options: | |
| Geographical coverage: | |
| Year of Publication: |
According to the research team’ research, the Middle East & Africa transcritical CO2 market was valued at US$ 1061.21 million in 2023 and is expected to reach US$ 2,254.90 million by 2030, registering a CAGR of 11.4% from 2023 to 2030. Sustainable cooling and refrigeration solutions and adoption of transcritical CO2 systems in supermarkets and convenience stores are among the critical factors attributed to the growth of Middle East & Africa transcritical CO2 market.
Transcritical CO2 systems use carbon dioxide (CO2) as a refrigerant, which has an ozone depletion potential (ODP) of zero. Unlike traditional refrigerants such as hydrochlorofluorocarbons (HCFCs) or hydrofluorocarbons (HFCs), which contribute to ozone layer depletion, CO2 does not harm the ozone layer. This characteristic makes transcritical CO2 systems environmentally friendly and aligns with regional efforts to phase out ozone-depleting substances. Transcritical CO2 systems have a significantly lower global warming potential (GWP) compared to many conventional refrigerants. GWP measures the potential for a greenhouse gas to contribute to global warming over a specific period. CO2 has a GWP of 1, whereas HFCs commonly used in refrigeration systems have GWPs in the thousands or even tens of thousands. By using CO2 as a refrigerant, transcritical systems help mitigate climate change and reduce the carbon footprint of cooling and refrigeration applications. Overall, the low environmental impact of transcritical CO2 systems is driving the market by aligning with environmental goals. As the need for sustainable cooling and refrigeration solutions continues to grow, transcritical CO2 systems offer a viable and attractive option for businesses across various sectors.
On the contrary, higher upfront cost of installing transcritical CO2 system hampers the Middle East & Africa transcritical CO2 market.
Based on application, the Middle East & Africa transcritical CO2 market is segmented into ice skating rinks, food processing and storage facilities, heat pumps, supermarkets and convenience stores, and others (hotels, buildings, water treatment plants, etc.). The supermarkets and convenience stores segment held 52.7% share of Middle East & Africa transcritical CO2 market in 2023, amassing US$ 559.18 million. It is projected to garner US$ 1,252.60 million by 2030 to expand at 12.2% CAGR during 2023–2030.
Based on function, the Middle East & Africa transcritical CO2 market is segmented into air conditioning, refrigeration, and heating. The refrigeration segment held 62.7% share of Middle East & Africa transcritical CO2 market in 2023, amassing US$ 665.14 million. It is projected to garner US$ 1,465.94 million by 2030 to expand at 12.0% CAGR during 2023–2030.
Based on country, the Middle East & Africa transcritical CO2 market has been categorized into the South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa. Our regional analysis states that the UAE captured 36.8% share of Middle East & Africa transcritical CO2 market in 2023. It was assessed at US$ 390.61 million in 2023 and is likely to hit US$ 879.18 million by 2030, exhibiting a CAGR of 12.3% during the forecast period.
Key players operating in the Middle East & Africa transcritical CO2 market are Baltimore Aircoil Co, BITZER Kuhlmaschinenbau GmbH, Carrier Global Corp, Danfoss AS, Emerson Electric Co, Panasonic Holdings Corp, Mayekawa Manufacturing Co Ltd, and Panasonic Holdings Corp, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa transcritical CO2 market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa transcritical CO2 market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team 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 Research Team
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)
The List of Companies – Middle East & Africa Transcritical CO2 Market
o Baltimore Aircoil Co
o BITZER Kuhlmaschinenbau GmbH
o Carrier Global Corp
o Danfoss AS
o Emerson Electric Co
o Mayekawa Manufacturing Co Ltd
o Panasonic Holdings Corp
You must be logged in to post a review.
Reviews
There are no reviews yet.