Global CO2 Cooling System Market Research Report 2025(Status and Outlook)

Report Overview

The CO2 cooling system, also known as a transcritical CO2 refrigeration system, utilizes carbon dioxide (R744) as a natural refrigerant in commercial, industrial, and transport cooling applications. Unlike traditional synthetic refrigerants (e.g., HFCs), CO2 systems operate under higher pressures and leverage transcritical cycles when ambient temperatures exceed the critical point (31.1°C), making them energy-efficient in moderate climates but requiring optimized designs for hotter regions. These systems are gaining traction due to stringent environmental regulations (e.g., F-Gas Regulation, Kigali Amendment) phasing out high-GWP refrigerants, as CO2 has negligible ozone depletion potential (ODP) and a global warming potential (GWP) of 1. Key applications include supermarkets, cold storage warehouses, and heat pumps, with Europe leading adoption due to regulatory support, while North America and Asia-Pacific show growing interest driven by sustainability goals and advancements in compressor and heat exchanger technologies. Challenges include higher upfront costs and operational complexity, but declining component prices and improved system integration are expected to drive market expansion, particularly in food retail and district cooling.

The global CO2 Cooling System market size was estimated at USD 1582.5 million in 2024, exhibiting a CAGR of 5.50% during the forecast period.

This report provides a deep insight into the global CO2 Cooling System market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global CO2 Cooling System Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the CO2 Cooling System market in any manner.

Global CO2 Cooling System Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

ATS

Carrier

Johnson Controls

Mitsubshi

Daikin

Trane

Dunham-Bush

SCM Frigo

Caverion

Advansor

Market Segmentation (by Type)

Cool Capacity<30TR

Cool Capacity≥30TR

Market Segmentation (by Application)

Commercial Use

Industrial Use

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the CO2 Cooling System Market

Overview of the regional outlook of the CO2 Cooling System Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the CO2 Cooling System Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of CO2 Cooling System, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of CO2 Cooling System
1.2 Key Market Segments
1.2.1 CO2 Cooling System Segment by Type
1.2.2 CO2 Cooling System Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 CO2 Cooling System Market Overview
2.1 Global Market Overview
2.1.1 Global CO2 Cooling System Market Size (M USD) Estimates and Forecasts (2020-2033)
2.1.2 Global CO2 Cooling System Sales Estimates and Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 CO2 Cooling System Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global CO2 Cooling System Product Life Cycle
3.3 Global CO2 Cooling System Sales by Manufacturers (2020-2025)
3.4 Global CO2 Cooling System Revenue Market Share by Manufacturers (2020-2025)
3.5 CO2 Cooling System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.6 Global CO2 Cooling System Average Price by Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
3.8 CO2 Cooling System Market Competitive Situation and Trends
3.8.1 CO2 Cooling System Market Concentration Rate
3.8.2 Global 5 and 10 Largest CO2 Cooling System Players Market Share by Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 CO2 Cooling System Industry Chain Analysis
4.1 CO2 Cooling System Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of CO2 Cooling System Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 PEST Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global CO2 Cooling System Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions and Their Impacts to CO2 Cooling System Market
5.7 ESG Ratings of Leading Companies
6 CO2 Cooling System Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global CO2 Cooling System Sales Market Share by Type (2020-2025)
6.3 Global CO2 Cooling System Market Size Market Share by Type (2020-2025)
6.4 Global CO2 Cooling System Price by Type (2020-2025)
7 CO2 Cooling System Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global CO2 Cooling System Market Sales by Application (2020-2025)
7.3 Global CO2 Cooling System Market Size (M USD) by Application (2020-2025)
7.4 Global CO2 Cooling System Sales Growth Rate by Application (2020-2025)
8 CO2 Cooling System Market Sales by Region
8.1 Global CO2 Cooling System Sales by Region
8.1.1 Global CO2 Cooling System Sales by Region
8.1.2 Global CO2 Cooling System Sales Market Share by Region
8.2 Global CO2 Cooling System Market Size by Region
8.2.1 Global CO2 Cooling System Market Size by Region
8.2.2 Global CO2 Cooling System Market Size Market Share by Region
8.3 North America
8.3.1 North America CO2 Cooling System Sales by Country
8.3.2 North America CO2 Cooling System Market Size by Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe CO2 Cooling System Sales by Country
8.4.2 Europe CO2 Cooling System Market Size by Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific CO2 Cooling System Sales by Region
8.5.2 Asia Pacific CO2 Cooling System Market Size by Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America CO2 Cooling System Sales by Country
8.6.2 South America CO2 Cooling System Market Size by Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East and Africa
8.7.1 Middle East and Africa CO2 Cooling System Sales by Region
8.7.2 Middle East and Africa CO2 Cooling System Market Size by Region
8.7.3 Saudi Arabia Market Overview
8.7.4 UAE Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 CO2 Cooling System Market Production by Region
9.1 Global Production of CO2 Cooling System by Region(2020-2025)
9.2 Global CO2 Cooling System Revenue Market Share by Region (2020-2025)
9.3 Global CO2 Cooling System Production, Revenue, Price and Gross Margin (2020-2025)
9.4 North America CO2 Cooling System Production
9.4.1 North America CO2 Cooling System Production Growth Rate (2020-2025)
9.4.2 North America CO2 Cooling System Production, Revenue, Price and Gross Margin (2020-2025)
9.5 Europe CO2 Cooling System Production
9.5.1 Europe CO2 Cooling System Production Growth Rate (2020-2025)
9.5.2 Europe CO2 Cooling System Production, Revenue, Price and Gross Margin (2020-2025)
9.6 Japan CO2 Cooling System Production (2020-2025)
9.6.1 Japan CO2 Cooling System Production Growth Rate (2020-2025)
9.6.2 Japan CO2 Cooling System Production, Revenue, Price and Gross Margin (2020-2025)
9.7 China CO2 Cooling System Production (2020-2025)
9.7.1 China CO2 Cooling System Production Growth Rate (2020-2025)
9.7.2 China CO2 Cooling System Production, Revenue, Price and Gross Margin (2020-2025)
10 Key Companies Profile
10.1 ATS
10.1.1 ATS Basic Information
10.1.2 ATS CO2 Cooling System Product Overview
10.1.3 ATS CO2 Cooling System Product Market Performance
10.1.4 ATS Business Overview
10.1.5 ATS SWOT Analysis
10.1.6 ATS Recent Developments
10.2 Carrier
10.2.1 Carrier Basic Information
10.2.2 Carrier CO2 Cooling System Product Overview
10.2.3 Carrier CO2 Cooling System Product Market Performance
10.2.4 Carrier Business Overview
10.2.5 Carrier SWOT Analysis
10.2.6 Carrier Recent Developments
10.3 Johnson Controls
10.3.1 Johnson Controls Basic Information
10.3.2 Johnson Controls CO2 Cooling System Product Overview
10.3.3 Johnson Controls CO2 Cooling System Product Market Performance
10.3.4 Johnson Controls Business Overview
10.3.5 Johnson Controls SWOT Analysis
10.3.6 Johnson Controls Recent Developments
10.4 Mitsubshi
10.4.1 Mitsubshi Basic Information
10.4.2 Mitsubshi CO2 Cooling System Product Overview
10.4.3 Mitsubshi CO2 Cooling System Product Market Performance
10.4.4 Mitsubshi Business Overview
10.4.5 Mitsubshi Recent Developments
10.5 Daikin
10.5.1 Daikin Basic Information
10.5.2 Daikin CO2 Cooling System Product Overview
10.5.3 Daikin CO2 Cooling System Product Market Performance
10.5.4 Daikin Business Overview
10.5.5 Daikin Recent Developments
10.6 Trane
10.6.1 Trane Basic Information
10.6.2 Trane CO2 Cooling System Product Overview
10.6.3 Trane CO2 Cooling System Product Market Performance
10.6.4 Trane Business Overview
10.6.5 Trane Recent Developments
10.7 Dunham-Bush
10.7.1 Dunham-Bush Basic Information
10.7.2 Dunham-Bush CO2 Cooling System Product Overview
10.7.3 Dunham-Bush CO2 Cooling System Product Market Performance
10.7.4 Dunham-Bush Business Overview
10.7.5 Dunham-Bush Recent Developments
10.8 SCM Frigo
10.8.1 SCM Frigo Basic Information
10.8.2 SCM Frigo CO2 Cooling System Product Overview
10.8.3 SCM Frigo CO2 Cooling System Product Market Performance
10.8.4 SCM Frigo Business Overview
10.8.5 SCM Frigo Recent Developments
10.9 Caverion
10.9.1 Caverion Basic Information
10.9.2 Caverion CO2 Cooling System Product Overview
10.9.3 Caverion CO2 Cooling System Product Market Performance
10.9.4 Caverion Business Overview
10.9.5 Caverion Recent Developments
10.10 Advansor
10.10.1 Advansor Basic Information
10.10.2 Advansor CO2 Cooling System Product Overview
10.10.3 Advansor CO2 Cooling System Product Market Performance
10.10.4 Advansor Business Overview
10.10.5 Advansor Recent Developments
11 CO2 Cooling System Market Forecast by Region
11.1 Global CO2 Cooling System Market Size Forecast
11.2 Global CO2 Cooling System Market Forecast by Region
11.2.1 North America Market Size Forecast by Country
11.2.2 Europe CO2 Cooling System Market Size Forecast by Country
11.2.3 Asia Pacific CO2 Cooling System Market Size Forecast by Region
11.2.4 South America CO2 Cooling System Market Size Forecast by Country
11.2.5 Middle East and Africa Forecasted Sales of CO2 Cooling System by Country
12 Forecast Market by Type and by Application (2026-2033)
12.1 Global CO2 Cooling System Market Forecast by Type (2026-2033)
12.1.1 Global Forecasted Sales of CO2 Cooling System by Type (2026-2033)
12.1.2 Global CO2 Cooling System Market Size Forecast by Type (2026-2033)
12.1.3 Global Forecasted Price of CO2 Cooling System by Type (2026-2033)
12.2 Global CO2 Cooling System Market Forecast by Application (2026-2033)
12.2.1 Global CO2 Cooling System Sales (K MT) Forecast by Application
12.2.2 Global CO2 Cooling System Market Size (M USD) Forecast by Application (2026-2033)
13 Conclusion and Key Findings

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings