Transparency Market Research presents a comprehensive study of the global transcritical CO2 market through its new research report. The research report, titled “Transcritical CO2 Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” analyzes the complex trends and dynamics governing the overall transcritical CO2 market. The report also includes Porter’s five forces analysis to ascertain the threat of new entrants, the bargaining power of suppliers, the intensity of competitive rivalry, and the bargaining power of customers. For a detailed explanation of the segments of the global transcritical CO2 market, the researchers have conducted SWOT analysis to analyze the strengths, weaknesses, opportunities, and threats influencing them.
The key end users of transcritical CO2 technology are the food processing, marine, household appliances, and transportation industries. Geographically, this market is segmented into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. In terms of regions, North America and Europe held a dominant share in the global transcritical CO2 market in 2014. According to research analysts, Europe will continue its dominance in the overall transcritical CO2 market in the coming years due to a strict regulatory precedent set by the European government to phase out the usage of CFCs. Currently, Germany, Denmark, France, Norway, and the U.K. are the major countries showing promise of growth in the transcritical CO2 market through 2023.
Furthermore, North America is also expected to grow at a rapid pace in the coming few years as more and more people adopt transcritical CO2 technology due to the growing demand for energy and the pressing need for cost-saving technologies. Asia Pacific is also expected to show a good growth rate due to widening applications. The primary growth driver for the transcritical CO2 market in Asia Pacific will be the increasing adoption of this technology in heat pumps. Demand from countries such as Australia and Japan will also augment the transcritical CO2 market in Asia Pacific.
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Some of the important players operating in the global transcritical CO2 market are Carrier Commercial Refrigeration, Parker Hannifin Corporation, Emerson Climate Technologies, and Green & Cool World Refrigeration AB. The research report profiles these players and explains the competitive landscape of the market in absolute detail. The report also explains the plans of these players for the coming years by assessing their financial overview, research and development activities, investment outlook, business and marketing strategies, expansion plans, management styles, and strategic mergers and acquisitions.
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