Global CO2 Cooling System Market Research Report 2025(Status and Outlook)
Description
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
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
Table of Contents
142 Pages
- 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
Pricing
Currency Rates
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