Transcritical CO2 Refrigeration Market to Grow to $30.7 Billion

By 2020, the transcritical CO2 refrigeration market is expected to be worth an impressive $30.7 billion, with Europe being the dominant market. According to ACHR News, that's a compound annual growth rate (CAGR) of 40.2 percent.

What's behind the market's rapid growth? It's in large part due to the phasing out of certain refrigerants in an effort to slow global warming and ozone depletion. Denmark has installed the largest number of transcritical CO2 systems, with a current market share of 33.5 percent. That number is supposed to increase at a CAGR of 33.9 percent through 2020.

The global refrigerant market is going through a massive shift, and carbon dioxide has great potential to become the refrigerant of choice. This is especially true for grocery stores, which are looking for an eco-friendly and efficient solution.

Although Europe is the primary market for transcritical CO2 systems today, North America has the potential to take the title. It's the fastest-growing market, with the US expected to become a key region.

East Coast Refrigeration understands the benefits of CO2 refrigeration systems. Together, we can reduce greenhouse gas emissions and lower electricity costs. Contact us today at 631-249-4556 to learn more about this environmentally-friendly refrigerant option.

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