Some of the mechanism where transcritical CO2 is currently used includes heat pumps water heaters for commercial, domestic and industrial applications, refrigeration systems in supermarkets, chest freezers of ice creams, beverage coolers, water chillers for moderate climates industrial and air conditioning and refrigeration in trains and busses. Request To Download Sample of This Strategic Report The development of transcritical CO2 as a refrigerant has shown potential in many applications regarding system cost and efficiency both and makes it viable for several applications that is not considered feasible. It is used as a substitute for environmentally harmful refrigerants including HCFCs, CFCs, and HFCs. Increasing application of transcritical CO2 in food processing industry as refrigerant is the major factor driving the product demand. The global transcritical CO2 market is anticipated to reach USD 22.44 billion by 2026 according to a new study published by Report Ocean Market Research.
