According to a new report published by UnivDatos Markets Insights, the district cooling market is expected to grow at a CAGR of around 6% from 2022-2028. The analysis has been segmented into the production technique (free cooling, absorption cooling, and electric chillers); application (commercial, industrial, and residential); region/country.
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The district cooling market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the market. The market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository estimates the District Cooling market at the global and regional levels.
Market Overview
Increasing demand for comfort cooling and process cooling in residential and non-residential settings along with commercial benefits and reduction in peak electricity demand provided by district cooling is increasing the number of district cooling projects. It is being implemented worldwide by many kinds of organizations, including investor-owned power utilities, government-owned utilities, privately owned district energy companies, universities, airports, and IT campuses, among others. Besides this, the green building trend across the globe can be more effective if integrated with district cooling systems. Building owners and tenants are demanding higher environmental standards in building design and services. District cooling in combination with building efficiency measures can significantly improve green building certifications, especially when the district cooling system can access waste heat or renewable sources of energy that are unavailable at a single building level. Further, as countries are building smart cities, it is expected that the number of district cooling systems would grow.
COVID-19 Impact
The recent COVID-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted industrial operations in a negative way. Further, halted construction activities also delay the installation of district cooling systems.
The global district cooling market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on production technique, the market is categorized into free cooling, absorption cooling, and electric chillers. Among these, the electric chiller category is expected to be widely preferred among the end-users as it provides a reduction in peak electricity demand more efficiently compared to other types. Further, the unavailability of free water is also one of the key factors behind the increasing adoption of electric chillers.
· Based on application, the market is categorized into commercial, industrial, and residential. Among these, the commercial establishment captured a lion’s share of the market and is expected to retain their position during the forecast period. A large number of commercial establishments like offices and hotels in GCC countries and increasing adoption of district cooling techniques to reduce buildings’ carbon footprint is driving the market.
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District Cooling Market Geographical Segmentation Includes:
· North America (the United States, Canada)
· Europe (Germany, France, Sweden, Norway, Italy, and Rest of Europe)
· Asia-Pacific (China, Japan, South Korea, and Rest of Asia-Pacific)
· Middle East Africa (Saudi Arabia, The U.A.E., Qatar, and Rest of Middle East Africa)
· Latin America (Brazil, Argentina, and Rest of Latin America)
Middle East Africa is among the leading adopter of district cooling system technology. The hot climatic condition of the region made air conditioning a necessity rather than a luxury. As a result, air conditioning consumes about 50% of the peak power load in the Middle East. This has shifted the regional economies’ focus on district cooling to reduce power consumption which in turn also helps in reducing CO2 emissions. Large construction activities and preference for district cooling systems in new building is boosting the middle east Africa district cooling market.
The major players targeting the market include
· Emirates Central Cooling Systems Corporation PJSC
· National Central Cooling Company PJSC
· EMIRATES DISTRICT COOLING LLC
· Shinryo Corporation
· ADC Energy Systems LLC
· Keppel DHCS
· LOGSTOR Denmark Holding ApS
· Ramboll Group A/S
· Siemens AG
· Steller Energy
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Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the district cooling market?
• Which factors are influencing the district cooling market over the forecast period?
• What are the global challenges, threats, and risks in the district cooling market?
• Which factors are propelling and restraining the district cooling market?
• What are the demanding global regions of the district cooling market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
Table Of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE DISTRICT COOLING MARKET
6 DISTRICT COOLING MARKET REVENUE (USD MN), 2020-2028F
7 MARKET INSIGHTS BY PRODUCTION TECHNIQUE
8 MARKET INSIGHTS BY APPLICATION
9 MARKET INSIGHTS BY REGION
10 DISTRICT COOLING MARKET DYNAMICS
11 DISTRICT COOLING MARKET OPPORTUNITIES
12 DISTRICT COOLING MARKET TRENDS
13 DEMAND AND SUPPLY-SIDE ANALYSIS
14 VALUE CHAIN ANALYSIS
15 STRATEGIC INSIGHTS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
18 DISCLAIMER
About UnivDatos Market Insights (UMI)
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