Market Overview

Global District Cooling Market to grow at 4%+ CAGR to 2024


Global District Cooling Market to grow at 4%+ CAGR to 2024

District Cooling Market in Saudi Arabia is expected to surpass US$1 billion by 2024 led by rising demand for sustainable solutions coupled with increasing adoption of green building codes and standards.

PR Newswire

SELLBYVILLE, Del., Aug. 21, 2018 /PRNewswire-iReach/ -- The global trends report says, "District Cooling Market is predicted to be valued USD 140 billion by 2024." Escalating demand for space cooling coupled with growing concerns toward carbon emissions will stimulate the district cooling market. Ongoing adoption of sustainable solutions along with rising penetration of renewable technologies will foster the business landscape. Tabreed in 2016, reported elimination of carbon emissions up to 570,000 tons from 66 DC plants deployed across GCC countries.

Rising average temperature range owing to global warming and changing climatic conditions will stimulate the district cooling market share. In addition, growing residential and urban area development across the emerging economies on account of increase in per capita income and rise in consumer spending will support the product penetration. In 2016, during summers the average temperature across Kuwait was recorded around 300 C.

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Japan district cooling market is projected to surpass 17 PJ by 2024. Stringent environmental regulations pertaining to emission control along with rising concerns toward energy security will foster the industry growth. Ongoing installation of DC systems across Osaka, Sapporo, Yokohama and Tokyo will augment the industry landscape. In addition, technological advancement and R&D activities toward product design and development will complement the product penetration.

Growing adoption of sustainable building codes and standards pertaining to energy efficiency coupled with development of advanced energy solutions for environment friendly buildings will stimulate the commercial district cooling market. In addition, the escalating growth of service sector including office buildings, colleges & universities and data centers will further enhance the business landscape. In 4th quarter of 2016, the overall funding for commercial establishment was around USD 107.8 Billion.

The rising adoption of heat pumps on account of their affinity with sustainable and efficient heating technologies will foster the district cooling market. Furthermore, the technology is extensively used for providing heating, cooling and electricity across the residential and commercial establishments. The technology utilizes the waste heat for the production of energy and reduces the carbon emissions effectively when compared with its counterpart.

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Sweden district cooling market share is set to increase owing to the growing share of service sector coupled with stringent regulatory norms toward adopting sustainable technologies. Ongoing investments toward development of energy management systems, reliable pipeline network and sustainable energy solutions will boost the product demand. In addition, rising installation of clean energy solutions on account of government regulations toward the decarbonization of buildings will stimulate the industry outlook.

Eminent players serving the district cooling market includes Tabreed, Keppel Dhcs, Singapore District Cooling, SNC Lavalin, Emicool, ADC Energy, Fortum, Vattenfall, Veolia, Shinryo Corporation, Sellar Energy, Ramboll, Alfa Laval, Siemens, Qatar Cool, Empower, Goteborg Energi, Helen, Logstor, Wien Energi and Engie.

Buy this industry insights spread across 280 pages with 451 market data tables & 9 figures & charts from the report, "District Cooling Market Size By Production Technique (Free Cooling, Absorption Cooling, Heat Pumps, Electric Chillers), By Application (Residential, Commercial {College/University, Office Buildings, Government Buildings}, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, Poland, Sweden, Italy, France, Finland, Austria, Norway, China, Japan, South Korea, Singapore, Malaysia, Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain), Application Potential, Competitive Market Share & Forecast, 2018 – 2024" in detail along with the table of contents:

Chapter 4. District Cooling Market, By Production Technique

4.1. District cooling market share by production technique, 2017 & 2024

4.2. Free Cooling

4.2.1.   Market estimates and forecast, 2013-2024

4.3. Absorption Cooling

4.3.1.   Market estimates and forecast, 2013-2024

4.4. Heat pumps

4.4.1.   Market estimates and forecast, 2013-2024

4.5. Electric Chillers

4.5.1.   Market estimates and forecast, 2013-2024

4.6. Others

4.6.1.   Market estimates and forecast, 2013-2024

Chapter 5. District Cooling Market, By Application

5.1. District cooling market share by application, 2017 & 2024

5.2. Residential

5.2.1.   Market estimates and forecast, 2013-2024

5.3. Commercial

5.3.1.   Market estimates and forecast, 2013-2024  College/University     Market estimates and forecast, 2013-2024  Office Buildings     Market estimates and forecast, 2013-2024  Government Buildings     Market estimates and forecast, 2013-2024  Others     Market estimates and forecast, 2013-2024

5.4. Industrial

5.4.1.   Market estimates and forecast, 2013-2024

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