South & Central America Transcritical CO2 Market Forecast to 2030
South & Central America 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)
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Description
Adoption of Transcritical CO2 Systems in Supermarkets and Convenience Stores Fuels the South & Central America Transcritical CO2 Market
Supermarkets and convenience stores often face consumer scrutiny regarding their environmental impact and sustainability practices. Adopting transcritical CO2 systems allows retailers to showcase their commitment to sustainability and environmental responsibility, improving their brand image and attracting eco-conscious consumers. Consumer demand for environmentally friendly products and services has been increasing, and retailers that embrace transcritical CO2 systems can differentiate themselves in the market and gain a competitive advantage. Moreover, transcritical CO2 systems offer operational flexibility and adaptability to varying ambient conditions. They can effectively operate in both subcritical and transcritical modes, allowing for optimal performance in different climates. The transcritical CO2 system design can be tailored to meet the specific needs of supermarkets and convenience stores, such as different refrigeration loads, store layouts, and product display requirements. The flexibility and customization options of transcritical CO2 systems make them suitable for these retail environments. Thus, all such advantages of transcritical CO2 systems are driving the market further.
South & Central America Transcritical CO2 Market Overview
The transcritical CO2 market in SAM is segmented into Brazil, Argentina, and the Rest of SAM. The growth of cold storage facilities in SAM has been notable in recent years, driven by various factors that contribute to the development of agricultural and food industries in the region. Many countries in SAM are major exporters of agricultural products such as fruits, vegetables, and meat. Cold storage facilities play a crucial role in preserving the quality and extending the shelf life of these perishable goods during transportation and distribution to international markets. Both domestic and international retail chains have been expanding their operations in SAM, driving the growth of the convenience store and supermarket market. Advancements in refrigeration technologies and cold storage management systems, such as transcritical CO2 systems, have made the operation of cold storage facilities more efficient and cost-effective. Thus, the growing adoption of cold storage, coupled with rising supermarkets and convenience stores, is driving the growth of the transcritical CO2 market in SAM.
South & Central America Transcritical CO2 Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Transcritical CO2 Market Segmentation
The South & Central America transcritical CO2 market is segmented into category, application, and country.
Based on application, the South & Central America 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 South & Central America transcritical CO2 market in 2023.
Based on function, the South & Central America transcritical CO2 market is segmented into air conditioning, refrigeration, and heating. The refrigeration segment held the largest share of the South & Central America transcritical CO2 market in 2023.
Based on country, the South & Central America transcritical CO2 market is segmented int o the Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America transcritical CO2 market in 2023.
Baltimore Aircoil Co, BITZER Kuhlmaschinenbau GmbH, Carrier Global Corp, Danfoss AS, Hussmann Corp, Emerson Electric Co, Panasonic Holdings Corp, and Mayekawa Manufacturing Co Ltd are among the leading companies operating in the South & Central America transcritical CO2 market.
Summary Info
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According to the research team’ research, the South & Central America transcritical CO2 market was valued at US$ 1,700.56 million in 2023 and is expected to reach US$ 3,805.14 million by 2030, registering a CAGR of 12.2% from 2023 to 2028. Sustainable cooling and refrigeration solutions and adoption of transcritical CO2 systems in supermarkets and convenience stores are among the critical factors attributed to the South & Central America transcritical CO2 market expansion.
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 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 South & Central America transcritical CO2 market.
Based on application, the South & Central America 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 49.6% share of South & Central America transcritical CO2 market in 2023, amassing US$ 842.91 million. It is projected to garner US$ 2,002.88 million by 2030 to expand at 13.2% CAGR during 2023–2030.
Based on function, the South & Central America transcritical CO2 market is segmented into air conditioning, refrigeration, and heating. The refrigeration segment held 57.2% share of South & Central America transcritical CO2 market in 2023, amassing US$ 972.81 million. It is projected to garner US$ 2285.82 million by 2030 to expand at 13.0% CAGR during 2023–2030.
Based on country, the South & Central America transcritical CO2 market has been categorized into the Brazil, Argentina, and the Rest of South America. Our regional analysis states that the Brazil captured 52.7% share of South & Central America transcritical CO2 market in 2023. It was assessed at US$ 896.49 million in 2023 and is likely to hit US$ 2,025.86 million by 2030, exhibiting a CAGR of 12.4% during the forecast period.
Key players operating in the South & Central America transcritical CO2 market are Baltimore Aircoil Co, BITZER Kuhlmaschinenbau GmbH, Carrier Global Corp, Danfoss AS, Hussmann Corp, Emerson Electric Co, Panasonic Holdings Corp, and Mayekawa Manufacturing Co Ltd, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America 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 South & Central America 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 South & Central America 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 Research Methodology
3.2 Coverage
3.3 Secondary Research
3.4 Primary Research
4. South & Central America Transcritical CO2 Market Landscape
4.1 Market Overview
4.2 South & Central America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. South & Central America 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 South & Central America Impact Analysis of Drivers and Restraints
6. South & Central America Transcritical CO2 Market –market Analysis
6.1 South & Central America Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
7. South & Central America Transcritical CO2 Market Analysis – By Application
7.1 Overview
7.2 South & Central America Transcritical CO2 Market, By Application (2022 and 2030)
7.3 Ice Skating Rinks
7.3.1 Overview
7.3.2 Ice Skating Rinks: South & Central America 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: South & Central America Transcritical CO2 Market – Revenue, and Forecast to 2030 (US$ Million)
7.5 Heat Pumps
7.5.1 Overview
7.5.2 Heat Pumps: 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: South & Central America Transcritical CO2 Market – Revenue, and Forecast to 2030 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: South & Central America Transcritical CO2 Market – Revenue, and Forecast to 2030 (US$ Million)
8. South & Central America Transcritical CO2 Market Analysis – By Function
8.1 Overview
8.2 South & Central America Transcritical CO2 Market, By Function (2022 and 2030)
8.3 Air Conditioning
8.3.1 Overview
8.3.2 Air Conditioning: South & Central America Transcritical CO2 Market – Revenue, and Forecast to 2030 (US$ Million)
8.4 Refrigeration
8.4.1 Overview
8.4.2 Refrigeration: South & Central America Transcritical CO2 Market – Revenue, and Forecast to 2030 (US$ Million)
8.5 Heating
8.5.1 Overview
8.5.2 Heating: South & Central America Transcritical CO2 Market – Revenue, and Forecast to 2030 (US$ Million)
9. South & Central America Transcritical CO2 Market– Country Analysis
9.1 Overview
9.1.1 South America: Transcritical CO2 Market, by Key Country
9.1.1.1 Brazil: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
9.1.1.1.1 Brazil: Transcritical CO2 Market, By Application
9.1.1.1.2 Brazil: Transcritical CO2 Market, By Function Type
9.1.1.2 Argentina: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Argentina: Transcritical CO2 Market, By Application
9.1.1.2.2 Argentina: Transcritical CO2 Market, By Function Type
9.1.1.3 Rest of SAM: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 Rest of SAM: Transcritical CO2 Market, By Application
9.1.1.3.2 Rest of SAM: 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 Research Team
12.2 Word Index
LIST OF TABLES
Table 1. South & Central America Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
Table 2. Brazil: Transcritical CO2 Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 3. Brazil: Transcritical CO2 Market, By Function Type – Revenue and Forecast to 2030 (US$ Million)
Table 4. Argentina: Transcritical CO2 Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 5. Argentina: Transcritical CO2 Market, By Function Type – Revenue and Forecast to 2030 (US$ Million)
Table 6. Rest of SAM: Transcritical CO2 Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 7. Rest of SAM: Transcritical CO2 Market, By Function Type – Revenue and Forecast to 2030 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. South & Central America Transcritical CO2 Market Segmentation
Figure 2. South & Central America Transcritical CO2 Market Segmentation – By Country
Figure 3. South & Central America Transcritical CO2 Market Overview
Figure 4. South & Central America Transcritical CO2 Market, by Application
Figure 5. South & Central America Transcritical CO2 Market, by Function
Figure 6. South & Central America Transcritical CO2 Market, by Country
Figure 7. PEST Analysis
Figure 8. Expert Opinion
Figure 9. South & Central America Transcritical CO2 Market Impact Analysis of Drivers and Restraints
Figure 10. South & Central America Transcritical CO2 Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. South & Central America Transcritical CO2 Market Revenue Share, By Application (2022 and 2030)
Figure 12. Ice Skating Rinks: South & Central America Transcritical CO2 Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 13. Food Processing & Storage Facilities: South & Central America Transcritical CO2 Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 14. Heat Pumps: Transcritical CO2 Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 15. Supermarkets & Convenience Stores: South & Central America Transcritical CO2 Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 16. Others: South & Central America Transcritical CO2 Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 17. South & Central America Transcritical CO2 Market Revenue Share, By Function (2022 and 2030)
Figure 18. Air Conditioning: South & Central America Transcritical CO2 Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 19. Refrigeration: South & Central America Transcritical CO2 Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 20. Heating: South & Central America Transcritical CO2 Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 21. South America: Transcritical CO2 Revenue Share, by Key Country (2022)(US$ Mn)
Figure 22. South America: Transcritical CO2 Revenue Share, by Key Country (2022) (%)
Figure 23. Brazil: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
Figure 24. Argentina: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
Figure 25. Rest of SAM: Transcritical CO2 Market– Revenue and Forecast to 2030 (US$ Million)
The List of Companies – South & Central America Transcritical CO2 Market
o Baltimore Aircoil Co
o BITZER Kuhlmaschinenbau GmbH
o Carrier Global Corp
o Danfoss AS
o Emerson Electric Co
o Hussmann Corp
o Mayekawa Manufacturing Co Ltd
o Panasonic Holdings Corp
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