| Product Code: ETC4494805 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India transcritical CO2 systems market import shipments exhibited strong growth with a notable CAGR from 2020 to 2024. The market maintained its momentum with a healthy growth rate between 2023 and 2024, indicating a continued expansion trend during the period.
Transcritical CO2 systems are eco-friendly refrigeration solutions that use carbon dioxide as a refrigerant. The market for transcritical CO2 systems in India has expanded due to the growing emphasis on environmentally sustainable refrigeration technology. These systems are used in various applications, including commercial refrigeration and air conditioning. As India awareness of environmental concerns and climate change grows, the transcritical CO2 systems market is expected to experience continuous growth.
The transcritical CO2 systems market in India is experiencing growth due to its eco-friendly nature and energy efficiency. The refrigeration and air conditioning industry is shifting towards natural refrigerants like CO2 to reduce greenhouse gas emissions. Government regulations and environmental concerns are pushing for the adoption of transcritical CO2 systems, especially in cold chain logistics and supermarkets, where they offer both economic and environmental benefits.
The transcritical CO2 systems market faces challenges in terms of energy efficiency, refrigerant management, and adapting to changing environmental regulations. Developing transcritical systems that are economically viable and environmentally friendly is a complex task.
The market for transcritical CO2 systems experienced fluctuations due to changes in refrigeration and HVAC demand. The impact varied across sectors, with grocery stores and food retail showing continued demand for these systems, while other sectors faced challenges.
Key Players in the market are Danfoss, Carrier Commercial Refrigeration, Emerson Electric Co., and Advansor.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Transcritical CO2 Systems Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Transcritical CO2 Systems Market Revenues & Volume, 2021 & 2031F |
3.3 India Transcritical CO2 Systems Market - Industry Life Cycle |
3.4 India Transcritical CO2 Systems Market - Porter's Five Forces |
3.5 India Transcritical CO2 Systems Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.6 India Transcritical CO2 Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Transcritical CO2 Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of environmentally friendly cooling solutions |
4.2.2 Government regulations promoting the use of natural refrigerants |
4.2.3 Growing focus on energy efficiency and sustainability in the commercial and industrial sectors |
4.3 Market Restraints |
4.3.1 High upfront costs associated with transcritical CO2 systems |
4.3.2 Lack of skilled professionals for installation and maintenance of these systems |
4.3.3 Limited availability of components and technology for transcritical CO2 systems in India |
5 India Transcritical CO2 Systems Market Trends |
6 India Transcritical CO2 Systems Market, By Types |
6.1 India Transcritical CO2 Systems Market, By Function |
6.1.1 Overview and Analysis |
6.1.2 India Transcritical CO2 Systems Market Revenues & Volume, By Function, 2021-2031F |
6.1.3 India Transcritical CO2 Systems Market Revenues & Volume, By Refrigeration, 2021-2031F |
6.1.4 India Transcritical CO2 Systems Market Revenues & Volume, By Heating, 2021-2031F |
6.1.5 India Transcritical CO2 Systems Market Revenues & Volume, By Air Conditioning, 2021-2031F |
6.2 India Transcritical CO2 Systems Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Transcritical CO2 Systems Market Revenues & Volume, By Supermarkets , 2021-2031F |
6.2.3 India Transcritical CO2 Systems Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.4 India Transcritical CO2 Systems Market Revenues & Volume, By Heat Pumps, 2021-2031F |
6.2.5 India Transcritical CO2 Systems Market Revenues & Volume, By Food Processing & Storage Facilities, 2021-2031F |
6.2.6 India Transcritical CO2 Systems Market Revenues & Volume, By Ice Skating Rinks, 2021-2031F |
7 India Transcritical CO2 Systems Market Import-Export Trade Statistics |
7.1 India Transcritical CO2 Systems Market Export to Major Countries |
7.2 India Transcritical CO2 Systems Market Imports from Major Countries |
8 India Transcritical CO2 Systems Market Key Performance Indicators |
8.1 Energy efficiency improvements achieved by adopting transcritical CO2 systems |
8.2 Number of government policies and incentives supporting the use of natural refrigerants |
8.3 Growth in the number of certified professionals trained in installing and servicing transcritical CO2 systems |
9 India Transcritical CO2 Systems Market - Opportunity Assessment |
9.1 India Transcritical CO2 Systems Market Opportunity Assessment, By Function, 2021 & 2031F |
9.2 India Transcritical CO2 Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Transcritical CO2 Systems Market - Competitive Landscape |
10.1 India Transcritical CO2 Systems Market Revenue Share, By Companies, 2024 |
10.2 India Transcritical CO2 Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |