District Cooling Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 

The world is experiencing rapid growth in space cooling demand owing to rising population, urbanization, increasing incomes, and rising urban heat. For instance, according to the India Cooling Action Plan (ICAP), urbanization and economic growth will increase the commercial floor area by 2.5-3 times and the number of urban households will almost double over the next two decades (2018-2038). Currently, air conditioning is the dominant way of space cooling, however, increasing demand for an energy-efficient way of space cooling which simultaneously helps in improving the environment is increasingly shifting focus on district cooling. District cooling not only provides a soothing internal environment but also helps in peak power demand reduction, reduction in cost to city governments and DISCOM, and long-term grid balancing.

According to UnivDatos Market Insights (UMI)’ research report “Global District Cooling Market”, the market is expected to showcase a growth of around 6% during the forecast period. District cooling is gaining construction market attraction across the globe as they help residential and non-residential settings in reducing capital and operation cost while simultaneously providing infrastructure and environmental benefits like peak power demand reduction and energy efficiency respectively.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=31205

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.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=31205

Middle East & Africa held a significant share of the market

For a better understanding of the market adoption of district cooling, the market is analyzed based on its worldwide presence in the countries such as 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), and 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 the new building are boosting the Middle East & African district cooling market.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global district cooling 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, and Steller Energy. These companies are taking several strategic decisions to meet the growing demand and increase their market share.

“Global District Cooling Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

Market Segmentation:

1.      By Production Technique (Free Cooling, Absorption Cooling, and Electric Chillers)

2.      By Application (Commercial, Industrial, and Residential)

3.      By Region (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), and Latin America (Brazil, Argentina, and Rest of Latin America)

4.      By Company (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, and Steller Energy)

Key questions answered in the study:

1.      What are the current and future trends of the global district cooling industry?

2.      How the industry has been evolving in terms of production technique and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global district cooling industry?

5.      What are the customer orientation, purchase behavior, and expectations from the global district cooling suppliers across various region and countries?