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Global CO2 Compressor Market Size, Trend & Opportunity Analysis Report, by Product Type (Reciprocating Compressors, Centrifugal Compressors), Application (Refrigeration, Carbonating), and Forecast, 2024–2035

Published Sep 28, 2025
Length 285 Pages
SKU # KAIS20696544

Description

Market Definition and Introduction

The global CO₂ compressor market, a critical enabler for industries striving for higher efficiency and lower carbon footprints, was valued at USD 2.16 billion in 2024 and is anticipated to reach USD 5.14 billion by 2035, expanding at a robust CAGR of 8.2% during the forecast period (2024–2035). The compressor making use of CO₂, being nigh on peculiar for its adeptness at handling natural refrigerants and higher densities, is being increasingly compatible with modern machinery for applications in refrigeration, bottling beverage carbonation, and industrial cooling. The speed of acceptance is similarly fuelled by the active change toward sustainable refrigerants, as these exhibit a higher environmental stain as compared to gaseous HFCs and HCFs.

The growth potential of this market thus becomes entwined with the global search for energy conservation in the face of a tightening set of environmental regulations. CO₂ compressors are now being put to work in a wide range of applications from commercial refrigeration at supermarkets to systems in beverage bottling plants, where consistent carbonation and temperature control are crucial. With industrial players adopting transcritical and subcritical CO₂ systems, demand has surged for compressors designed with reliability, compact size, and high performance, especially in Europe and Asia-Pacific.

At the same time, compressor technology is being innovated to change operational parameters. Manufacturers are working on making compressors with higher coefficients of performance (COP) and lower operational costs. Such evolution prevails in the hardware, but also includes intelligent control systems that optimise performance with reduced maintenance needs. The result is a market that is technically vivid and strategically important for industries transitioning to low-GWP (Global Warming Potential) refrigerants.

Recent Developments in the Industry

GEA enters into transcritical CO₂ compressors for industrial refrigeration plants in large cold storage plants.

On March 04, 2024, GEA Group launched its next-generation CO₂ compressor series that runs transcritical in its application for high-capacity industrial refrigeration plants. These newly developed compressors can operate more efficiently under variable load conditions. Further, the adoption of variable frequency drive technology ensures that energy usage is optimised. All in all, this advancement spells a significant turnabout toward further improving the economics of CO₂ systems even in really large applications.

With new advanced CO₂ compressors, Mayekawa caters to the requirements of environmentally-friendly food processing.

In August 2024, Mayekawa launched its new semi-hermetic reciprocating CO₂ compressors, especially designed for application in the food processing industries, with very demanding hygiene and safety standards. This brings an increase in performance during sub-zero applications, bringing uniformity in cooling sensitive food products while complying with global environmental protection measures.

Atlas Copco's high-efficiency centrifugal CO₂ compressors investment bolsters the carbon capture and storage initiatives.

In November of 2023, Atlas Copco announced its investment in a particular line of centrifugal CO₂ compressors made for carbon capture and storage (CCS) sites. Each of these systems can function under ultra-high pressures and subsequently allows the effective transport and storage of captured CO₂. Hence, this subsequently places the company at the forefront of mitigation technologies against climate change.

Market Dynamics

Accelerating demand for CO₂ Compressors in Commercial Refrigeration Drives Market Growth

The installations of CO₂ refrigeration systems have been increasing in grocery stores, cold storage warehouses, and distribution centres; thus, they have a great demand for compressors. Many end-users are transitioning from synthetic refrigerants towards CO₂-based systems. CO₂ has a negligible ozone depletion potential and a low GWP. As the standards in food preservation change, with energy efficiency requirements getting stricter, CO₂ compressors are essential in ensuring constant performance regardless of climate changes or load demand.

Environmental Regulations Pushing for the Transition toward Natural Refrigerants and High-Efficiency Compressors

International frameworks for regulation - such as the European Union regulation on F gases and the Kigali Amendment - on ensuring phasedown of the use of high GWP refrigerants have driven the adoption of CO₂ compressors. Manufacturers are intensifying research and development towards compressors capable of handling higher pressures while consuming minimal energy. Compliance coupled with performance is the driving force of innovation, with hybrid and heat recovery integrated compressor systems gaining traction.

Expanding Beverage Industry Creating Steady Demand for Carbonating Applications

The international beverage market, in particular carbonated drinks, is possibly the most constant user of CO₂ compressors. Coca-Cola lines and craft breweries require the carbon dioxide content to be perfect if they are to meet the definition of product and brand quality. As beverage manufacturers start to ramp up production and experiment with greener carbonation options, demand continues to grow for CO₂ compressors that are extremely reliable, low-maintenance machines.

Supply Chain Vulnerabilities and Raw Material Price Volatility: Long-Term Challenges

Engineering precision metals and having high-quality components are the foundations of the CO₂ compressor industry. Therefore, with these characteristics, the industry has experienced fluctuations in raw material costs, which could also face the risk of disruption in the supply chain globally. Manufacturers are mitigating these risks by diversifying strategic sourcing, increasing local production capabilities, and adopting modular designs into the systems for the use of alternative materials without compromising performance.

Attractive Opportunities in the Market

Green Refrigeration – Accelerating adoption of CO₂ systems to meet global climate goals
Carbon Capture – Rising use of centrifugal CO₂ compressors in CCS projects
Food Processing Boom – Demand for hygienic, efficient refrigeration solutions
Heat Recovery – Integration of compressors in combined cooling and heating systems
Asia-Pacific Expansion – Rapid industrialisation and urban retail growth are boosting installations
Eco-Certifications – Preference for systems compliant with LEED and Green Seal standards
Industrial Decarbonization – Compressors enabling CO₂ reuse in manufacturing processes
Custom Engineering – Bespoke compressor solutions for niche operational environments

Report Segmentation

By Product Type: Reciprocating Compressors, Centrifugal Compressors

By Application: Refrigeration, Carbonating

By Region: North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Spain, Italy, Spain, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific), LAMEA (Brazil, Argentina, UAE, Saudi Arabia (KSA), Africa Rest of Latin America)

Key Market Players

GEA Group, Mayekawa, Dorin, Atlas Copco, Hitachi, Trane Technologies, Sanyo (Panasonic), Gardner Denver, Bitzer, and Mitsubishi Heavy Industries

Report Aspects

Base Year: 2024
Historic Years: 2022, 2023, 2024
Forecast Period: 2024-2035
Report Pages: 293

Dominating Segments

Versatile in refrigeration applications, reciprocating compressors continue to hold the crown.

CO₂ Reciprocating compressors have a comparative edge in maintaining a considerable share in the global marketplace because they are adaptable to any refrigeration system, whether small-, medium-, or large-scale. Also, their reliability, easy maintenance, and high efficiency at low temperatures make them trump cards in supermarkets, cold storage places, and food processing facilities. Advanced designs with improved seals and lubrication are extending operational life to reinforce this dominance even further.

Refrigeration Segment Captures the Market with Increased Storage Facilities in Supermarkets and Industrial Cold Storage.

Refrigeration applications are the main growth drivers of the CO₂ compressor market, driven by very rapid urbanisation across the globe, proliferation of the retail chains, and stringent food safety regulations. From transcritical systems in supermarkets, to subcritical cascades in cold storage warehouses are all ways in which CO₂ compressors will ensure product freshness, but at the same time will adhere to environmental mandates. The growth trajectory of this segment remains upward with increasing investments in the logistics of frozen foods and groceries, utilising e-commerce.

Key Takeaways

Reciprocating Dominance – Preferred for flexibility and reliability across refrigeration sectors
Refrigeration Leadership – Core driver of CO₂ compressor demand globally
Beverage Industry Boost – Consistent requirement for carbonation in manufacturing lines
Environmental Compliance – Regulatory push accelerates natural refrigerant adoption
Asia-Pacific Growth – Fastest-growing regional market with a large industrial base
Technological Advancements – Intelligent control integration improving efficiency
Industrial Applications – Expanding use in carbon capture and reuse systems
Supply Chain Adaptation – Manufacturers diversifying sourcing to mitigate risks
Hybrid Systems – Growing adoption in heating and cooling integration
Customisation Trend – Tailored compressors for specialised industry needs

Regional Insights

With the technological edge coupled with tough standards, North America is keeping a Strong hold on the North America CO₂ compressor market.

Stands strong with advanced manufacturing technologies and stringent environmental regulations. More developed countries, such as the U.S., have supermarket chains and industrial cooling plants that are implementing natural refrigerant technology. High investments in carbon capture projects are additionally fueling the demand for centrifugal CO₂ compressors.

Europe Sets the Pace in the Implementation of Green Refrigerants

Europe is the frontrunner in the implementation of CO₂ refrigeration solutions for retail, industrial, and transportation sectors. Due to such adamant enforcement of the EU F-Gas Regulation, the calendar for the phase-out of synthetic refrigerants has been accelerated, with countries such as Germany, the UK, and Denmark leading the way for large-scale CO₂-based cold chain infrastructure. Here, the local manufacturers are spearheading the innovations of compressors integrated with heat recovery.

Asia-Pacific: The Fastest-Growing Market in Prospect Due to Industrialisation and Retail Expansion

Asia-Pacific is witnessing a phenomenal rise in CO₂ compressor installations due to the establishment and expansion of supermarkets, cold storage facilities, and beverage production plants. China, Japan, and Australia are heavily investing in sustainable refrigeration, with incentives from their governments to enhance the adoption of low-GWP refrigerants. The rapid industrialisation across the region is paving further opportunities for compressor applications in manufacturing and carbon capture projects.

Core Strategic Questions Answered in This Report

Q. What is the expected growth trajectory of the CO₂ compressor market from 2024 to 2035?

The global CO₂ compressor market is projected to grow from USD 2.16 billion in 2024 to USD 5.14 billion by 2035, registering a CAGR of 8.2%. This growth is propelled by rapid adoption in commercial refrigeration, beverage carbonation, and emerging industrial carbon capture applications, supported by stringent environmental regulations.

Q. Which key factors are fuelling the growth of the CO₂ compressor market?

Several key factors are propelling market growth:

Rising demand from supermarket refrigeration, beverage production, and industrial cooling
Transition toward low-GWP natural refrigerants like CO₂
Increased R&D investments in high-efficiency, intelligent compressor systems
Expansion of cold chain logistics and e-commerce grocery delivery
Regulatory mandates pushing synthetic refrigerant phase-out

Q. What are the primary challenges hindering the growth of the CO₂ compressor market?

Major challenges include:

Fluctuating raw material costs impacting production economics
Technical complexities in operating high-pressure CO₂ systems
Limited availability of skilled workforce for installation and maintenance
High upfront capital investment in CO₂ refrigeration infrastructure
Potential supply chain disruptions in key manufacturing components

Q. Which regions currently lead the CO₂ compressor market in terms of market share?

Europe currently leads the CO₂ compressor market due to early adoption of green refrigeration systems and strong regulatory enforcement. North America closely follows with a robust supermarket cold chain infrastructure and leadership in carbon capture projects.

Q. What emerging opportunities are anticipated in the CO₂ compressor market?

The market is ripe with new opportunities, including:

Growth in carbon capture and storage infrastructure
Expansion of CO₂ refrigeration in developing economies
Integration of heat recovery systems for energy efficiency
Development of modular, portable CO₂ compressor units
Strategic collaborations driving sector-specific compressor innovations

Key Benefits for Stakeholders

The report offers a quantitative assessment of market segments, emerging trends, projections, and market dynamics for the period 2024 to 2035.
The report presents comprehensive market research, including insights into key growth drivers, challenges, and potential opportunities.
Porter's Five Forces analysis evaluates the influence of buyers and suppliers, helping stakeholders make strategic, profit-driven decisions and strengthen their supplier-buyer relationships.
A detailed examination of market segmentation helps identify existing and emerging opportunities.
Key countries within each region are analysed based on their revenue contributions to the overall market.
The positioning of market players enables effective benchmarking and provides clarity on their current standing within the industry.
The report covers regional and global market trends, major players, key segments, application areas, and strategies for market expansion.

Table of Contents

285 Pages
Chapter 1. Market Snapshot
1.1. Market Definition & Report Overview
1.2. Market Segmentation
1.3. Key Takeaways
1.3.1. Top Investment Pockets
1.3.2. Top Winning Strategies
1.3.3. Market Indicators Analysis
1.3.4. Top Impacting Factors
1.4. Application Ecosystem Analysis
1.4.1. 360’ Analysis
Chapter 2. Executive Summary
2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Market Attractiveness Analysis (top leader’s point of view on the market)
2.5. Key Findings
Chapter 3. Research Methodology
3.1. Research Objective
3.2. Supply Side Analysis
3.2.1. Primary Research
3.2.2. Secondary Research
3.3. Demand Side Analysis
3.3.1. Primary Research
3.3.2. Secondary Research
3.4. Forecasting Models
3.4.1. Assumptions
3.4.2. Forecasts Parameters
3.5. Competitive breakdown
3.5.1. Market Positioning
3.5.2. Competitive Strength
3.6. Scope of the Study
3.6.1. Research Assumption
3.6.2. Inclusion & Exclusion
3.6.3. Limitations
Chapter 4. Industry Landscape
4.1. Market Dynamics
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Porter’s 5 Forces Model
4.2.1. Bargaining Power of Buyer
4.2.2. Bargaining Power of Supplier
4.2.3. Threat of New Entrants
4.2.4. Threat of Substitutes
4.2.5. Competitive Rivalry
4.3. Value Chain Analysis
4.4. PESTEL Analysis
4.5. Pricing Analysis and Trends
4.6. Key growth factors and trends analysis
4.7. Market Share Analysis (2024)
4.8. Top Winning Strategies (2024)
4.9. Trade Data Analysis (Import Export)
4.10. Regulatory Guidelines
4.11. Historical Data Analysis
4.12. Analyst Recommendation & Conclusion
Chapter 5. Global CO₂ Compressor Market Size & Forecasts by Product Type 2024-2035
5.1. Market Overview
5.1.1. Market Size and Forecast By Product Type 2024-2035
5.2. Reciprocating Compressors
5.2.1. Market definition, current market trends, growth factors, and opportunities
5.2.2. Market size analysis, by region, 2024-2035
5.2.3. Market share analysis, by country, 2024-2035
5.3. Centrifugal Compressors
5.3.1. Market definition, current market trends, growth factors, and opportunities
5.3.2. Market size analysis, by region, 2024-2035
5.3.3. Market share analysis, by country, 2024-2035
Chapter 6. Global CO₂ Compressor Market Size & Forecasts by Application 2024–2035
6.1. Market Overview
6.1.1. Market Size and Forecast By Application 2024-2035
6.2. Refrigeration
6.2.1. Market definition, current market trends, growth factors, and opportunities
6.2.2. Market size analysis, by region, 2024-2035
6.2.3. Market share analysis, by country, 2024-2035
6.3. Carbonating
6.3.1. Market definition, current market trends, growth factors, and opportunities
6.3.2. Market size analysis, by region, 2024-2035
6.3.3. Market share analysis, by country, 2024-2035
Chapter 7. Global CO₂ Compressor Market Size & Forecasts by Region 2024–2035
7.1. Regional Overview 2024-2035
7.2. Top Leading and Emerging Nations
7.3. North America CO₂ Compressor Market
7.3.1. U.S. CO₂ Compressor Market
7.3.1.1. Product Type breakdown size & forecasts, 2024-2035
7.3.1.2. Application breakdown size & forecasts, 2024-2035
7.3.2. Canada CO₂ Compressor Market
7.3.2.1. Product Type breakdown size & forecasts, 2024-2035
7.3.2.2. Application breakdown size & forecasts, 2024-2035
7.3.3. Mexico CO₂ Compressor Market
7.3.3.1. Product Type breakdown size & forecasts, 2024-2035
7.3.3.2. Application breakdown size & forecasts, 2024-2035
7.4. Europe CO₂ Compressor Market
7.4.1. UK CO₂ Compressor Market
7.4.1.1. Product Type breakdown size & forecasts, 2024-2035
7.4.1.2. Application breakdown size & forecasts, 2024-2035
7.4.2. Germany CO₂ Compressor Market
7.4.2.1. Product Type breakdown size & forecasts, 2024-2035
7.4.2.2. Application breakdown size & forecasts, 2024-2035
7.4.3. France CO₂ Compressor Market
7.4.3.1. Product Type breakdown size & forecasts, 2024-2035
7.4.3.2. Application breakdown size & forecasts, 2024-2035
7.4.4. Spain CO₂ Compressor Market
7.4.4.1. Product Type breakdown size & forecasts, 2024-2035
7.4.4.2. Application breakdown size & forecasts, 2024-2035
7.4.5. Italy CO₂ Compressor Market
7.4.5.1. Product Type breakdown size & forecasts, 2024-2035
7.4.5.2. Application breakdown size & forecasts, 2024-2035
7.4.6. Rest of Europe CO₂ Compressor Market
7.4.6.1. Product Type breakdown size & forecasts, 2024-2035
7.4.6.2. Application breakdown size & forecasts, 2024-2035
7.5. Asia Pacific CO₂ Compressor Market
7.5.1. China CO₂ Compressor Market
7.5.1.1. Product Type breakdown size & forecasts, 2024-2035
7.5.1.2. Application breakdown size & forecasts, 2024-2035
7.5.2. India CO₂ Compressor Market
7.5.2.1. Product Type breakdown size & forecasts, 2024-2035
7.5.2.2. Application breakdown size & forecasts, 2024-2035
7.5.3. Japan CO₂ Compressor Market
7.5.3.1. Product Type breakdown size & forecasts, 2024-2035
7.5.3.2. Application breakdown size & forecasts, 2024-2035
7.5.4. Australia CO₂ Compressor Market
7.5.4.1. Product Type breakdown size & forecasts, 2024-2035
7.5.4.2. Application breakdown size & forecasts, 2024-2035
7.5.5. South Korea CO₂ Compressor Market
7.5.5.1. Product Type breakdown size & forecasts, 2024-2035
7.5.5.2. Application breakdown size & forecasts, 2024-2035
7.5.6. Rest of APAC CO₂ Compressor Market
7.5.6.1. Product Type breakdown size & forecasts, 2024-2035
7.5.6.2. Application breakdown size & forecasts, 2024-2035
7.6. LAMEA CO₂ Compressor Market
7.6.1. Brazil CO₂ Compressor Market
7.6.1.1. Product Type breakdown size & forecasts, 2024-2035
7.6.1.2. Application breakdown size & forecasts, 2024-2035
7.6.2. Argentina CO₂ Compressor Market
7.6.2.1. Product Type breakdown size & forecasts, 2024-2035
7.6.2.2. Application breakdown size & forecasts, 2024-2035
7.6.3. UAE CO₂ Compressor Market
7.6.3.1. Product Type breakdown size & forecasts, 2024-2035
7.6.3.2. Application breakdown size & forecasts, 2024-2035
7.6.4. Saudi Arabia (KSA CO₂ Compressor Market
7.6.4.1. Product Type breakdown size & forecasts, 2024-2035
7.6.4.2. Application breakdown size & forecasts, 2024-2035
7.6.5. Africa CO₂ Compressor Market
7.6.5.1. Product Type breakdown size & forecasts, 2024-2035
7.6.5.2. Application breakdown size & forecasts, 2024-2035
7.6.6. Rest of LAMEA CO₂ Compressor Market
7.6.6.1. Product Type breakdown size & forecasts, 2024-2035
7.6.6.2. Application breakdown size & forecasts, 2024-2035
Chapter 8. Company Profiles
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. GEA Group
8.2.1.1. Company Overview
8.2.1.2. Key Executives
8.2.1.3. Company Snapshot
8.2.1.4. Financial Performance (Subject to Data Availability)
8.2.1.5. Product/Services Port
8.2.1.6. Recent Development
8.2.1.7. Market Strategies
8.2.1.8. SWOT Analysis
8.2.2. Mayekawa
8.2.3. Dorin
8.2.4. Atlas Copco
8.2.5. Hitachi
8.2.6. Trane Technologies
8.2.7. Sanyo (Panasonic)
8.2.8. Gardner Denver
8.2.9. Bitzer
8.2.10. Mitsubishi Heavy Industries
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