According to our latest study on " North America Transcritical CO2 Market Size and Forecast (2021–2031), Regional Share, Trends, and Growth Opportunity Analysis — by Application, Function, and Geography," North America Transcritical CO2 Market size was valued at US$ 4,571.87 million in 2023 and is expected to reach US$ 28,450.17 million by 2031. North America Transcritical CO2 Market is estimated to record a CAGR of 25.67% from 2023 to 2031.

Implementation of Transcritical CO2 Systems in Supermarkets and Convenience Stores to Provide Lucrative Opportunities for North America Transcritical CO2 Market Growth During Forecast Period

The report includes growth prospects owing to the current North America Transcritical CO2 Market trends and their foreseeable impact during the forecast period. 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. The 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. As per the North American Sustainable Refrigeration Council, 1,067 stores among the 14 food retailer companies installed transcritical CO2 systems at the beginning of 2024, with another 185 new stores anticipated to install the transcritical CO2 systems. The numbers of installations are expected to rise year by year; in 2028, there will be a projected 2,481 stores with transcritical CO2 at the outset, along with another 340 new stores and 125 existing locations. Thus, the growing implementation of transcritical CO2 systems in convenience stores and supermarkets is driving the market further.

North America Transcritical CO2 Market Report: Key Findings

North America Transcritical CO2 Market analysis is based on segmental assessment. Based on application, the market is segmented into retail, food processing and storage facilities, ice skating rinks, heat pumps and others. In terms of function, the market is categorized into refrigeration, air conditioning, and heating. In terms of geography, the market is categorized into the US, Canada and Mexico.

The refrigeration segment held the largest share in the North America transcritical CO2 market share in 2023. Transcritical CO2 refrigeration systems are a promising alternative to traditional refrigeration systems. They offer several advantages regarding environmental impact, energy efficiency, and safety. Transcritical CO2 systems can be up to 10–30% more efficient than traditional systems, leading to significant savings on energy costs. The increasing demand for transcritical CO2 systems in food manufacturing facilities is helping drive the adoption of transcritical CO2 systems. Various manufacturers also provide a large cooling requirement system for the food manufacturing industry. In June 2023, BITZER Kühlmaschinenbau GmbH launched its new high-capacity Ecoline CO2 compressor. The innovative 8-cylinder reciprocating compressor for transcritical CO2 applications has an extremely low global warming potential (GWP), impressive energy efficiency, and a small size that makes it simple to incorporate on the job site. It is made to meet the large cooling load of food manufacturers. Transcritical CO2 systems can be used in hypermarkets to refrigerate fresh produce, such as fruits and vegetables. It is important because fresh produce is sensitive to temperature and must be kept cool to maintain its freshness. In April 2023, Evapco, a Maryland (US)-based OEM of natural refrigerant systems and components, showcased both low-charge ammonia (penthouse refrigerators and chillers) and transcritical CO2 packaged systems at the IIAR Conference and Expo in Long Beach, California.

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