The analysts forecast global deepwater source cooling systems market to grow at a CAGR of 8.48% during the period 2018-2022. One trend in the market is growing use of district heating/cooling systems.
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District cooling/heating systems are being increasingly used for meeting the space heating/cooling requirement in commercial districts, industries, and university complexes.
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District cooling systems involve the production and circulation of chilled water from a centralized location to cater to the cooling requirement in a considerably large geographical area.
Major key players in the global deep water source cooling systems market: ACCIONA, BARDOT Group, Entrepose Group, Enwave Energy, Makai Ocean Engineering, and Ocean Thermal Energy Corporation.
According to the deepwater source cooling systems market report, one driver in the market is demand for reducing building energy consumption. Most buildings used for residential, commercial, and industrial purposes around the world employ some form of heating, cooling, and air conditioning (HVAC) or interior climate control equipment to provide sufficient thermal comfort for the people within the building.
At present, individual or stand-alone air conditioners are the most widely employed HVAC pieces of equipment used for this purpose.
Further, the deepwater source cooling systems market report states that one challenge in the market is expensive and time-consuming construction and installation. The ongoing drive toward increasing energy efficiency, reducing energy costs, and lowering the emissions is expected to create a significant opportunity for the growth of deep water source cooling systems.
However, the extremely high initial cost of capital and installation is a major challenge that may impede the growth in the global market.
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Key questions answered in this report:
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?