A CO2 Heat Pump Hot Water Supply System is a type of heat pump system that uses carbon dioxide (CO2) as the working fluid in place of traditional refrigerants such as R-22, R-134a, or R-410a. These systems use the same principles of thermodynamic compression and expansion cycles as conventional heat pumps, but the pressure and temperature of the refrigerant is higher than in conventional systems, and therefore they are more efficient and use less energy. CO2 heat pump systems are generally used in applications such as space heating and cooling, hot water supply, building cooling, and swimming pools.
In terms of global overview, CO2 heat pump systems have been growing in popularity due to their efficient operation compared to traditional systems. In addition, the use of CO2 as a refrigerant allows for safer operations and fewer emissions of ozone-depleting substances into the atmosphere, making them a more environmentally conscious choice. As governments across the world continue to implement policies aimed at increasing energy efficiency, the adoption of CO2 heat pump systems is likely to continue growing in the future.
The global CO2 Heat Pump Hot Water Supply Systems market was valued at US$ 2118.5 million in 2022 and is anticipated to reach US$ 3535.5 million by 2029, witnessing a CAGR of 7.5% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global CO2 Heat Pump Hot Water Supply Systems Market available at: https://www.themarketreports.com/report/global-co2-heat-pump-hot-water-supply-systems-market-research-report
This report aims to provide a comprehensive presentation of the global market for CO2 Heat Pump Hot Water Supply Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding CO2 Heat Pump Hot Water Supply Systems.
European Union and rest of world have a larger market share which account for 87%, and will witness a stable growth in following years. Japan hold a market share of 91% in the rest of world part.
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