Canada Transcritical Co2 Systems Market Size & Outlook
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Canada transcritical co2 systems market highlights
- The Canada transcritical co2 systems market generated a revenue of USD 340.1 million in 2024 and is expected to reach USD 983.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 20.6% from 2025 to 2030.
- In terms of segment, refrigeration was the largest revenue generating function in 2024.
- Refrigeration is the most lucrative function segment registering the fastest growth during the forecast period.
Transcritical co2 systems market data book summary
| Market revenue in 2024 | USD 340.1 million |
| Market revenue in 2030 | USD 983.2 million |
| Growth rate | 20.6% (CAGR from 2025 to 2030) |
| Largest segment | Refrigeration |
| Fastest growing segment | Refrigeration |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Refrigeration, Heating, Air Conditioning |
Other key industry trends
- In terms of revenue, Canada accounted for 0.9% of the global transcritical co2 systems market in 2024.
- Country-wise, Denmark is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. transcritical co2 systems market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 983.2 million by 2030.
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Transcritical CO2 Systems Market Scope
Transcritical CO2 Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| MAYEKAWA USA INC | View profile | 101-250 | Lebanon, Tennessee, United States, North America | http://mayekawausa.com |
| Strategic Initiatives | View profile | 1-10 | Accra, Greater Accra, Ghana, Africa | https://sil-ghana.com/ |
| Henry Technologies | View profile | 11-50 | Merkers, Thuringen, Germany, Europe | https://www.henry-technologies.de |
| Baltimore Aircoil Company | View profile | 251-500 | Heist-op-den-berg, Antwerpen, Belgium, Europe | https://www.baltimoreaircoil.eu |
| Hillphoenix | View profile | 5001-10000 | Conyers, Georgia, United States, North America | http://www.hillphoenix.com/ |
| Green & Cool World Refrigeration | View profile | 11-50 | Göteborg, Vastra Gotaland, Sweden, Europe | https://www.greenandcool.com/en/ |
| Carrier Commercial Refrigeration | View profile | 1001-5000 | Rueil-malmaison, Ile-de-France, France, Europe | https://www.carrier.com/commercial-refrigeration |
| TEKO | View profile | 101-250 | Altenstadt, Bayern, Germany, Europe | https://www.teko-gmbh.com |
| Advansor | View profile | 101-250 | Brabrand, Midtjylland, Denmark, Europe | https://www.advansor.com |
| SCM Frigo | View profile | 51-100 | Sant'angelo Di Piove Di Sacco, Veneto, Italy, Europe | https://www.scmfrigo.com |
| Baltimore Life Insurance Company | View profile | 251-500 | Owings Mills, Maryland, United States, North America | https://www.baltlife.com/ |
| Danfoss A/S | View profile | 10001+ | Nordborg, Syddanmark, Denmark, Europe | https://www.danfoss.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
Canada transcritical co2 systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to transcritical co2 systems market will help companies and investors design strategic landscapes.
Refrigeration was the largest segment with a revenue share of 108.03% in 2024. Horizon Databook has segmented the Canada transcritical co2 systems market based on refrigeration, heating, air conditioning covering the revenue growth of each sub-segment from 2018 to 2030.
The Canadian government has introduced the Kigali Amendment to the Montreal Protocol, an international treaty which was signed in 2016 that aims for the phase down of HFCs for by 2047. In order to accomplish these, the Canadian government has introduced controls on specific products containing HFCs, including refrigeration equipment and air-conditioning.
Furthermore, the province of Québec announced a ban on new refrigeration installation using any HFC from January 1, 2021. The abovementioned initiative and regulations are expected to increase the adoption of CO2 as a refrigerant, which is projected to boost the demand for transcritical CO2 systems in the country over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada transcritical co2 systems market , including forecasts for subscribers. This country databook contains high-level insights into Canada transcritical co2 systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada transcritical co2 systems market size, by function, 2018-2030 (US$M)
Canada Transcritical CO2 Systems Market Outlook Share, 2024 & 2030 (US$M)
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