The Global District Cooling Market report provides detailed analysis of worldwide markets for District Cooling from 2012-2018 and provides extensive market analysis forecasts 2018-2023 by key region/country and subsectors.
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The total district cooling market is valued at $ 5.6 billion as on 2018 and is likely to reach $ 10.23 billion by the end of 2023, growing at a CAGR of 14.1%. The district cooling market is will bolstered as it offers various benefits such as it helps in capital cost savings by 8%, around 50% reduction of electric power consumption and reduction of CO2 and refrigerant emissions by 60-70% and good operational efficiency as compared to other cooling technologies when it used in highly dense areas.
The Global District Cooling Market report 2018 covers deep dive segmentation in every aspect by type, application, end-user and region. The report covers key parameter competitors analysis, product benchmarking, customer analysis, and value chain analysis, pricing analysis, country specific analysis, market trends & forecasts, market entry strategy, new product assessment, new application identification, opportunity analysis.
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The factors driving the district cooling market are energy efficient cooling technology. Recently, United Nations has considered district cooling as the most energy efficient technology as it aids in preserving energy and water.
The major issues faced in this market are risk of early investments, and initial high capital costs.
In 2018, the district cooling market is dominated by Middle East & Africa market followed by North America and then Asia-Pacific. The Middle East will experience the highest growth rate during the forecast period as district cooling offers various advantages such as high cooling density, more cost efficient than conventional cooling, more energy efficient, no harmful impact on the environment.
By 2030, if district cooling is properly employed, then it can fulfill 30% cooling needs of GCC countries.
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The district cooling market has been segmented on the applications i.e. residential, commercial and industrial.
In 2018, the residential segment will experience high growth in the next five years where as commercial segment will account for the highest growth rate. The commercial segment will experience the highest growth rate due to increasing demand of district cooling in hotels, molls.
The growth in district cooling market is influenced by investments and major expansion plans. In 2018, UAE based National Central Cooling Company (Tabreed) and the Masdar Institute of Science and Technology, completed three years R& D project in district cooling plant.
Some of the prominent players in the market are Empower, National Central Cooling Company PJSC (Tabreed), Semens AG, District Cooling Company LLC, Qatar Coolol, Danfoss District Energy A/S, ADC ENERGY SYSTEMS LLC, Keppeldchs PTE Ltd, Marafeq Qatar, Logstor.
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Table of Contents
District Coolings, By Type
Factors influencing the demand of District Coolings
North America market analysis
Western Europe market analysis
Asia Pacific market analysis and more………
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