Global CO2 Compressor Market Size Study, By Product Type, By Application, By Type, By Power Source, By End Use, and Regional Forecasts 2022-2032

Description

The Global CO2 Compressor Market was valued at USD 2.00 billion in 2023 and is anticipated to grow at a CAGR of 7.9% over the forecast period 2024-2032, reaching approximately USD 3.96 billion by 2032. The market growth is driven by technological advancements in CO2 compressor systems, rising adoption of natural refrigerants, and strict environmental regulations promoting energy-efficient and low-emission refrigeration solutions.

Industries such as food & beverage, pharmaceuticals, oil & gas, and industrial processing are increasingly integrating CO2 compressors to ensure sustainability and energy efficiency. CO2 compressors offer superior cooling capabilities, making them the preferred choice in refrigeration and HVAC applications. The transition toward eco-friendly refrigerants, coupled with the push for carbon neutrality, is further bolstering the adoption of CO2-based compressor technologies.

A key market driver is the growing regulatory pressure from government bodies such as the EU, EPA, and international climate agreements mandating the phasing out of high-GWP refrigerants. This regulatory push has accelerated investment in CO2 compressor technologies, particularly in the retail, healthcare, and transportation refrigeration sectors. Additionally, advancements in IoT-enabled compressor monitoring systems and AI-driven predictive maintenance solutions are enhancing system efficiency and reducing operational costs.

Regionally, North America and Europe dominate the CO2 compressor market due to early adoption of green refrigerants and regulatory compliance. Asia Pacific is expected to exhibit the fastest growth due to rapid industrialization, urbanization, and increasing adoption of sustainable cooling systems. In particular, China and India are investing heavily in low-carbon technologies, fostering increased demand for CO2 compressors across food processing, commercial refrigeration, and carbon capture applications.

Major Market Players Included in This Report Are:

Atlas Copco AB
Siemens AG
Mitsubishi Heavy Industries, Ltd.
Danfoss
Copeland LP
Dorin S.p.A.
HAUG Sauer Kompressoren AG
Mehrer Compression GmbH
SANDEN CORPORATION
Panasonic Corporation
Pentair
Haier Carrier
Bengbu AOT Compressor Co., Ltd.
Sollant Group
Wartsila

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Product Type

Reciprocating Compressors
Screw Compressor
Centrifugal Compressor

By Application

Refrigeration
Air Conditioning
Carbonating
Carbon Capture Application

By Type

Oil-Cooled Compressors
Water-Cooled Compressors

By Power Source

Electric Compressors
Gas-Powered Compressors

By End Use

Oil & Gas
Power Generation
Chemicals & Petrochemicals
Food & Beverage
Pharmaceuticals
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
Latin America
- Brazil
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Years Considered for the Study Are As Follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level market insights.
Competitive landscape featuring market leaders, growth strategies, and company profiles.
Insights into key business strategies, investments, and expansion initiatives.
Competitive structure and analysis of top players operating in the market.
Demand-side and supply-side evaluation of the market.

Chapter 1. Global CO2 Compressor Market Executive Summary

1.1. Global CO2 Compressor Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product Type
- 1.3.2. By Application
- 1.3.3. By Type
- 1.3.4. By Power Source
- 1.3.5. By End-Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global CO2 Compressor Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global CO2 Compressor Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing demand for eco-friendly refrigerants in HVAC and refrigeration applications
- 3.1.2. Technological advancements in compressor efficiency and durability
- 3.1.3. Expansion of end-use industries, including food & beverage and pharmaceuticals
3.2. Market Challenges
- 3.2.1. High initial cost and maintenance complexity of CO2 compressors
- 3.2.2. Limited awareness and shortage of skilled labor for handling CO2 compressor systems
3.3. Market Opportunities
- 3.3.1. Growing adoption of CO2 compressors in carbon capture & storage applications
- 3.3.2. Expansion of sustainable and energy-efficient industrial cooling solutions

Chapter 4. Global CO2 Compressor Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends in CO2 Compressor Industry
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global CO2 Compressor Market Size & Forecasts by Product Type (2022-2032)

5.1. Segment Dashboard
5.2. Global CO2 Compressor Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Reciprocating Compressors
- 5.2.2. Screw Compressor
- 5.2.3. Centrifugal Compressor

Chapter 6. Global CO2 Compressor Market Size & Forecasts by Application (2022-2032)

6.1. Segment Dashboard
6.2. Global CO2 Compressor Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Refrigeration
- 6.2.2. Air Conditioning
- 6.2.3. Carbonating
- 6.2.4. Carbon Capture Application

Chapter 7. Global CO2 Compressor Market Size & Forecasts by Type (2022-2032)

7.1. Segment Dashboard
7.2. Global CO2 Compressor Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Oil-Cooled Compressors
- 7.2.2. Water-Cooled Compressors

Chapter 8. Global CO2 Compressor Market Size & Forecasts by Power Source (2022-2032)

8.1. Segment Dashboard
8.2. Global CO2 Compressor Market: Power Source Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Electric Compressors
- 8.2.2. Gas-Powered Compressors

Chapter 9. Global CO2 Compressor Market Size & Forecasts by End Use (2022-2032)

9.1. Segment Dashboard
9.2. Global CO2 Compressor Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 9.2.1. Oil & Gas
- 9.2.2. Power Generation
- 9.2.3. Chemicals & Petrochemicals
- 9.2.4. Food & Beverage
- 9.2.5. Pharmaceuticals
- 9.2.6. Others

Chapter 10. Global CO2 Compressor Market Size & Forecasts by Region (2022-2032)

10.1. North America CO2 Compressor Market
- 10.1.1. U.S.
- 10.1.2. Canada
- 10.1.3. Mexico
10.2. Europe CO2 Compressor Market
- 10.2.1. UK
- 10.2.2. France
- 10.2.3. Germany
- 10.2.4. Italy
- 10.2.5. Spain
10.3. Asia-Pacific CO2 Compressor Market
- 10.3.1. China
- 10.3.2. India
- 10.3.3. Japan
- 10.3.4. South Korea
- 10.3.5. Australia
10.4. Latin America CO2 Compressor Market
- 10.4.1. Brazil
- 10.4.2. Argentina
10.5. Middle East & Africa CO2 Compressor Market
- 10.5.1. South Africa
- 10.5.2. Saudi Arabia
- 10.5.3. UAE

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.1. Atlas Copco AB
- 11.1.2. Siemens AG
- 11.1.3. Mitsubishi Heavy Industries, Ltd.
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. Atlas Copco AB
- 11.3.2. Siemens AG
- 11.3.3. Mitsubishi Heavy Industries, Ltd.
- 11.3.4. Danfoss
- 11.3.5. Copeland LP
- 11.3.6. Dorin S.p.A.
- 11.3.7. HAUG Sauer Kompressoren AG
- 11.3.8. Mehrer Compression GmbH
- 11.3.9. SANDEN CORPORATION
- 11.3.10. Panasonic Corporation

Chapter 12. Research Process

12.1. Research Process
12.2. Data Mining
12.3. Market Estimation
12.4. Validation
12.5. Publishing
12.6. Research Attributes