The development of an efficient reactor for hydrocarbons (C2–C4) production through hydrogenation of CO2, requires a deep understanding of the operating conditions effects. Subsequently, a model is proposed to analyze the reaction rates and investigate the sensitivity of hydrocarbons yield and products distribution to the variations of temperature, pressure and space velocity (SV). Besides, Thiele modulus and effectiveness factor are calculated for all of the reactions considered in the model. Results reveal that simultaneous occurrence of both endothermic reverse water gas shift (RWGS) and exothermic Fischer-Tropsch (FT) reactions, may be the main reason of temperature and rate fluctuations at the fixed-bed reactor inlet. In addition, increasing temperature and pressure, and decreasing SV can shift the process to produce more light olefins. Finally, sensitivity analysis demonstrates that reactor behavior is independent of the changes in pressure and SV at high temperature, which is an indication of high temperature dependency of this process. These findings can be effectively employed to achieve a better insight about appropriate operating conditions of hydrocarbons production via hydrogenation of CO2.