The North America transcritical CO2 market size is projected to reach US$ 28.45 billion by 2031 from US$ 4.57 billion in 2023. The market is expected to register a CAGR of 25.7% during 2023–2031. The growing implementation of advanced transcritical CO2 systems is likely to offer new key trends to the market in the coming years.
North America Transcritical CO2 Market Analysis
The rise in the adoption of sustainable refrigeration and storage technologies, an increase in demand for energy-efficient air conditioning in data centers, and the implementation of transcritical CO2 systems in supermarkets and convenience stores are the key driving factors for the North America transcritical CO2 market. In addition, the rising significance of CO2 refrigerants in food and beverages and pharmaceutical industries is expected to create a growth opportunity in the North America transcritical CO2 market. Moreover, the growing implementation of advanced transcritical CO2 systems is anticipated to be the market trend during the forecast period.
The raw material and components manufacturers gather raw materials and manufacture the components required for the transcritical CO2 system. The components required for designing the transcritical CO2 systems are compressors, evaporators, expansion valves, and condensers (gas coolers). Atlas Copco AB; Mehrer Compression GmbH; and Mitsubishi Heavy Industries, Ltd. are among the prominent CO2 compressor manufacturers. A few prominent CO2 evaporator manufacturers are Colmac Coil Manufacturing, Inc.; Hypro; Pentair; and LU-VE S.p.a. Major expansion valve components manufacturers are CAREL INDUSTRIES S.p.A., Parker Hannifin, and Danfoss. Component manufacturers send the components to transcritical C02 system manufacturers.
North America Transcritical CO2 Market Overview
Transcritical CO2 systems offer several advantages over other types of refrigeration systems. These systems are environmentally friendly, efficient, and cost-effective. They are also safer to operate. As a result, transcritical CO2 systems are becoming increasingly popular for a wide range of refrigeration applications. Commonly referred to as R-744, carbon dioxide (CO2) has been widely accepted as a natural refrigerant in recent years. CO2 has high thermal conductivity and density in the gaseous phase, which results in good heat transfer in evaporators, condensers, and gas coolers; so, these characteristics allow smaller units to be designated in comparison to those that use chlorofluorocarbons (CFCs), hydrochlorofluorocarbons (HCFCs), and HFCs.
The rising adoption of transcritical CO2 systems in the commercial and industrial sectors, owing to the rising demand for energy-efficient chillers, air conditioners, and refrigerants, is acting as a major driver for the North America transcritical CO2 market. Several food retail stores in North America use transcritical CO2 systems to reduce greenhouse gas emissions. In February 2024, US-based OEM Zero Zone installed one of its transcritical CO2 (R744) refrigeration systems at a supermarket in Palmdale, California, altering its prior HFC-based equipment. In April 2021, ALDI US, a food retailer in North America, used natural refrigerants in its stores. ALDI US is mostly using transcritical CO2 equipment in its 360 stores. CO2-based refrigeration technologies are being adopted in a wide variety of small-format retailers, including convenience stores. In June 2023, DeCicco & Sons, a New York-based food retailer, used the transcritical CO2 (R744) system in their Larchmont store. The system helps DeCicco & Sons reduce electricity consumption by 7 to 37%. The advantages of transcritical CO2 drive their adoption in retail stores.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
North America Transcritical CO2 Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
North America Transcritical CO2 Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
North America Transcritical CO2 Market Drivers and Opportunities
Sustainable Refrigeration and Storage Technologies
Transcritical CO2 systems use carbon dioxide (CO2) as a refrigerant, which has a very low ozone depletion potential (ODP). Unlike conventional refrigerants such as hydrofluorocarbons (HFCs) or hydrochlorofluorocarbons (HCFCs), which contribute to ozone layer depletion, CO2 does not damage the ozone layer. This characteristic makes cold storage transcritical CO2 refrigeration systems environmentally friendly and supports efforts to phase out ozone-depleting substances. Transcritical CO2 systems have a substantially minimalized global warming potential (GWP) compared to many conventional cold storage facilities. GWP measures the ability of greenhouse gases to impact global warming over a definite period. CO2 has a GWP of 1, whereas HFCs commonly used in refrigeration systems have GWPs in the thousands or even tens of thousands. By using CO2 as a refrigerant, transcritical systems help moderate climate change and reduce the carbon footprint of cooling and refrigeration applications. Overall, the low environmental impact of cold storage transcritical CO2 systems is driving the market by supporting global environmental objectives. As the need for sustainable refrigeration and storage solutions continues to develop, cold storage transcritical CO2 technology offers a viable and smart option for businesses across various sectors. The application of cold thermal storage technology is one of the environment-friendly alternatives for storage facilities that can drive the growth of the North America transcritical CO2 market.
Rising Significance of CO2 Refrigerants in Food and Beverages and Pharmaceutical Industries
In the food and beverages industry, refrigerants are predominantly utilized to maintain a temperature-controlled environment to preserve stored food and beverage products. The demand for processed, canned, and easy-to-make food items is rising in the US with the growing population, rising urbanization, increasing disposable income, and busy lifestyles. Moreover, their taste and convenience of cooking render them popular among youth in the country. Canned or convenience food items require proper storage facilities to maintain them in consumable conditions. Processed foods are highly likely to rot within a few days or weeks if not preserved well. Optimal temperature and proper storage conditions are critical for extending the shelf life of processed or canned food, which results in the demand for refrigerants.
The hostile impact of high GWP refrigerants on climate change is well-identified. As a result, international regulations are being executed to phase out or limit the implementation of such refrigerants. Transcritical CO2 systems offer an alternative with substantially lower GWP, making them an attractive alternative for businesses looking to obey these regulations. The need to transition away from high GWP refrigerants creates a market opportunity for transcritical CO2 systems. Supermarkets and convenience stores typically have a significant environmental impact due to their reliance on refrigeration systems to store perishable goods. As sustainability and environmental responsibility have gradually become more important, there is a growing need to decrease the carbon footprint and greenhouse gas emissions associated with these cooling systems. As transcritical CO2 systems help alleviate the environmental impact linked with conventional refrigerants and align with sustainability goals, the increased demand for sustainable solutions presents an opportunity for transcritical CO2 systems to gain market share.
North America Transcritical CO2 Market Report Segmentation Analysis
Key segments that contributed to the derivation of the North America transcritical CO2 market analysis are application and function.
- In terms of application, the North America transcritical CO2 market is segmented into ice skating rinks, food processing and storage facilities, heat pumps, retail (supermarkets and convenience stores), and others. The retail segment held the largest share of the market in 2023.
- Based on function, the North America transcritical CO2 market is categorized into air conditioning, refrigeration, and heating. The refrigeration segment dominated the market in 2023.
North America Transcritical CO2 Market Share Analysis by Geography
The geographic scope of the transcritical CO2 market report offers a detailed country analysis in North America. The US is the major country witnessing significant growth in the transcritical CO2 market owing to the rise in demand for transcritical CO2 systems from the retail sector. The transcritical CO2 system is an environmental-friendly and reliable system under which CO2 is cooled, but it does not condense at the gas cooler outlet and operates above the critical point. These systems are mainly used for commercial purposes in supermarkets, convenience stores, and other commercial refrigeration applications. These systems are also used for industrial purposes such as food processing, cold storage warehouses, and breweries. These industries need reliable temperature control and energy efficiency, making transcritical CO2 systems a preferred choice.
The increasing concerns regarding environmental sustainability and the phase-out of ozone-depleting substances have driven the demand for transcritical CO2 systems. These systems are known for their low global warming and zero depletion potential, making them an environmentally friendly alternative to traditional refrigerants. Moreover, the rise in demand for transcritical CO2 in the ice-making, beer-brewing, and margarine-production industries is one of the key factors anticipated to propel the growth of the North America transcritical CO2 market in the coming years. Additionally, the growing demand for air conditioning and refrigeration applications and the lower operating costs of systems will fuel the North America transcritical CO2 market growth.
North America Transcritical CO2 Market Report Coverage and Deliverables
The " North America transcritical CO2 market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- North America transcritical CO2 market size and forecast at country levels for all the key market segments covered under the scope
- North America transcritical CO2 market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Transcritical CO2 market analysis covering key market trends, country framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the North America transcritical CO2 market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The refrigeration segment led the North America transcritical CO2 market with a significant share in 2023.
The North America transcritical CO2 market is expected to reach US$ 28.45 billion by 2031.
Canada is anticipated to grow at the fastest CAGR over the forecast period.
The key players operating in the North America transcritical CO2 market include BITZER Kuhlmaschinenbau GmbH; Carrier Global Corp; Danfoss A/S; Emerson Electric Co.; Panasonic Holdings Corporation; EVAPCO LMP; MAYEKAWA MFG. CO., LTD; Dover Corporation; CoolSys; and Epta Group.
Growing implementation of advanced transcritical CO2 systems is expected to drive the growth of the North America transcritical CO2 market in the coming years.
Rise in demand for sustainable refrigeration & storage technologies, rise in demand for energy-efficient air conditioning in data centers, and implementation of transcritical co2 systems in supermarkets and convenience stores are some of the major drivers of the North America transcritical CO2 market.
The North America transcritical CO2 market was valued at US$ 4.57 billion in 2023; it is expected to register a CAGR of 25.7% during 2023–2031.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. North America Transcritical CO2 Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. North America Transcritical CO2 Market – Key Market Dynamics
5.1 North America Transcritical CO2 Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Sustainable Refrigeration and Storage Technologies:
5.2.2 Rise in Demand for Energy-Efficient Air Conditioning in Data Centers:
5.2.3 Implementation of Transcritical CO2 Systems in Supermarkets and Convenience Stores:
5.3 Market Restraints
5.3.1 Higher Upfront Cost of Installing Transcritical CO2 Systems:
5.4 Market Opportunities
5.4.1 Rising Significance of CO2 Refrigerants in Food and Beverages and Pharmaceutical Industries:
5.5 Future Trends
5.5.1 Growing Implementation of Advanced Transcritical CO2 Systems:
5.6 Impact of Drivers and Restraints:
6. North America Transcritical CO2 Market Analysis
6.1 North America Transcritical CO2 Market Revenue (US$ Million), 2021–2031
6.2 North America Transcritical CO2 Market Forecast and Analysis
7. North America Transcritical CO2 Market Analysis – by Application
7.1 Retail
7.1.1 Overview
7.1.2 Retail: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Food Processing and Storage Facilities
7.2.1 Overview
7.2.2 Food Processing and Storage Facilities: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Ice Skating Rinks
7.3.1 Overview
7.3.2 Ice Skating Rinks: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Heat Pumps
7.4.1 Overview
7.4.2 Heat Pumps: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
8. North America Transcritical CO2 Market Analysis – by Function
8.1 Refrigeration
8.1.1 Overview
8.1.2 Refrigeration: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Air Conditioning
8.2.1 Overview
8.2.2 Air Conditioning: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Heating
8.3.1 Overview
8.3.2 Heating: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
9. North America Transcritical CO2 Market – Country Analysis
9.1 North America
9.1.1 North America Transcritical CO2 Market Breakdown by Countries
9.1.2 North America Transcritical CO2 Market Revenue and Forecast and Analysis – by Country
9.1.2.1 North America Transcritical CO2 Market Revenue and Forecast and Analysis – by Country
9.1.2.2 North America Transcritical CO2 Market Volume and Forecast and Analysis – by Country
9.1.2.3 United States: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.3.1 United States: North America Transcritical CO2 Market Breakdown by Application
9.1.2.3.2 United States: North America Transcritical CO2 Market Breakdown by Function
9.1.2.4 Canada: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.4.1 Canada: North America Transcritical CO2 Market Breakdown by Application
9.1.2.4.2 Canada: North America Transcritical CO2 Market Breakdown by Function
9.1.2.5 Mexico: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.5.1 Mexico: North America Transcritical CO2 Market Breakdown by Application
9.1.2.5.2 Mexico: North America Transcritical CO2 Market Breakdown by Function
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning and Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Merger and Acquisition
12. Company Profile
12.1 BITZER Kuhlmaschinenbau GmbH
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Carrier Global Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Danfoss AS
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Panasonic Holdings Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Evapco LMP Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Mayekawa Manufacturing Co Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Emerson Electric Co
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Dover Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Epta Group
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 CoolSys
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
List of Tables
Table 1. North America Transcritical CO2 Market Segmentation
Table 2. List of Vendors
Table 3. North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. North America Transcritical CO2 Market – Volume and Forecast to 2031 (Units)
Table 5. North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 6. North America Transcritical CO2 Market – Volume and Forecast to 2031 (Units) – by Application
Table 7. North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million) – by Function
Table 8. North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 9. North America Transcritical CO2 Market – Volume and Forecast to 2031 (Units) – by Country
Table 10. United States: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 11. United States: North America Transcritical CO2 Market – Volume and Forecast to 2031 (Units) – by Application
Table 12. United States: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million) – by Function
Table 13. Canada: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 14. Canada: North America Transcritical CO2 Market – Volume and Forecast to 2031 (Units) – by Application
Table 15. Canada: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million) – by Function
Table 16. Mexico: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 17. Mexico: North America Transcritical CO2 Market – Volume and Forecast to 2031 (Units) – by Application
Table 18. Mexico: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million) – by Function
List of Figures
Figure 1. North America Transcritical CO2 Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Ecosystem Analysis
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Transcritical CO2 Market Revenue (US$ Million), 2021–2031
Figure 6. North America Transcritical CO2 Market Revenue (Units), 2021–2031
Figure 7. North America Transcritical CO2 Market Share (%) – by Application, 2023 and 2031
Figure 8. Retail: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Food Processing and Storage Facilities: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Ice Skating Rinks: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Heat Pumps: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Others: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. North America Transcritical CO2 Market Share (%) – by Function, 2023 and 2031
Figure 14. Refrigeration: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Air Conditioning: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Heating: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. North America Transcritical CO2 Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 18. United States: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Canada: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Mexico: North America Transcritical CO2 Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Heat Map Analysis by Key Players
Figure 22. Company Positioning and Concentration
The List of Companies - North America Transcritical CO2 Market
- BITZER Kuhlmaschinenbau GmbH
- Carrier Global Corp.
- Danfoss A/S
- Emerson Electric Co.
- Panasonic Holdings Corporation
- EVAPCO LMP
- Mayekawa Mfg. Co., Ltd.
- Dover Corporation
- CoolSys
- Epta Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to North America Transcritical CO2 Market
Feb 2025
High Heat Bearing Market
Size and Forecast (2021–2031), Country Share, Trend, and Growth Opportunity Analysis Report Coverage: by Type [Plain Bearings (Spherical Plain Bearings, Rod Ends, and Bushings), Roller Bearings, and Deep Groove Ball Bearings], Industry (Metal Processing, Aerospace, Defense, Food and Beverages, Energy and Power, Manufacturing, Automotive, and Others), and Geography
Feb 2025
Electromechanical Joining Servo Press Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Stroke (Upto 100 mm, 101-200 mm, 201-400 mm, 401-600 mm and Above 601 mm), Application (Automotive Industry, Electric and Electronic Industry, Medical Device Manufacturing and Others), and Geography
Feb 2025
Indexable Inserts Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Insert Shape (Round, Square, Triangle, Rhombic, and Others), Application (Milling, Drilling, Turning, Threading, and Others), Size (Up to 10 mm, 10-20 mm, and Above 20 mm), Insert Material (Carbide, Ceramic and Composites, PCD Inserts, and Others), Industry (Aerospace and Defense, General Industry, Oil and Gas, Power Generation, Automotive, Electric and Electronics, Medical, and Others), and Geography
Feb 2025
End Mills Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material (Carbide, Steel, and Others), Type (Square Nose, Ball Nose, and Others), Diameter Size (Upto 4 mm, 4–6 mm, 6–8 mm, 8–12 mm, and Above 12 mm), End-Use Industry (Automotive, Heavy Machinery, Semiconductor and Electronics, Medical and Healthcare, Energy, Aerospace and Others), and Geography
Feb 2025
Plain Bearings Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type [Spherical Bearings (Radial, Angular, and Thrust), Rod Ends (Female Thread, Male Thread, and Welding Shank), and Bushings], Application (Agriculture, Construction, Industrial Vehicles, Automotive and Transportation, Aerospace and Defense, Energy and Power, and Others), and Geography
Feb 2025
Thermostatic Mixers Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Mounting Type (Deck Mount and Wall Mount), Application (Residential and Commercial), Design Type (Concealed and Exposed), and Geography
Feb 2025
Feb 2025
Trenchless Pipe Relining Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage - by Method (Cured in Place Pipe, Pull-in-Place, Pipe Bursting, and Internal Pipe Coating), End User (Residential, Commercial, Industrial, and Municipal), and Diameter (Below DN 50, DN 51–DN 150, DN 151–DN 250, and Above DN 251), and Geography
Get Free Sample For