Chennai Journal

Rising demand for energy-efficient and sustainable cooling technologies drive the District Cooling Market

 Breaking News
  • No posts were found

Rising demand for energy-efficient and sustainable cooling technologies drive the District Cooling Market

November 30
18:51 2020
Rising demand for energy-efficient and sustainable cooling technologies drive the District Cooling Market

Browse 98 market data tables and 57 figures spread through 171 pages and in-depth TOC on “District Cooling Market”
District Cooling Market by Production Technique (Free Cooling, Absorption Cooling, Electric Chillers), Application (Commercial, Residential & Institutional), Region

The market for district cooling is projected to grow from USD 5.14 Billion in 2016 to USD 9.54 Billion by 2021, at a CAGR of 13.19% from 2016 to 2021. Factors such as high temperature in the region, increased investments in infrastructure projects, and rapid urbanization are driving the market. Rising energy prices, growing environmental concerns, and rising demand for low cost andhigh-efficiency cooling systems are some of the other factors fueling the demand for district cooling.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27186936

The absorption cooling segment to be the fastest growing production technique in the district cooling market

The absorption cooling segment is estimated to be the most widely used production technique for meeting cooling demand as it utilizes waste energy. The absorption cooling segment accounted for the largest share in 2015 and is projected to grow at the highest rate during the forecast period. Absorption cooling is an environment-friendly means of cooling. It helps reduce the use of electrically driven cooling in the energy system and also reduces carbon dioxide emissions.

The commercial segment to account for the largest share of the district cooling market

The commercial segment accounted for the largest market share in 2015, owing to increasing demand for energy efficient cooling technologies for commercial buildings. Concerns over impact on the environment and rising energy prices has made the use of energy-efficient district cooling system a favorable solution for cooling in commercial spaces.

The Middle East & Africa region to play a key role in the growth of the market for district cooling

On the basis of region, the district cooling market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Middle East & Africa is a key market for district cooling. Development in the economies and the investment on infrastructure projects in this region have led to the high growth of this market. Growing affluent population, hot weather, and climate change concerns are some of the factors driving the district cooling market in the region.

Major players operating in the district cooling market are National Central Cooling Company PJSC, Emirates Central Cooling Systems Corporation, and Emirates District Cooling LLC. These companies are adopting strategies such as expansions, contracts, and acquisitions to strengthen their market position, increase their production capacity, and widen their customer base. For instance, acquisition of Palm Utilities and Palm District Cooling by Emirates Central Cooling Systems Corporation, the largest acquisition in the district cooling industry.

The following companies are the key players in the district cooling market:

  • Emirates Central Cooling System Corporation (UAE)
  • National Central Cooling Company PJSC (UAE)
  • Emirates District Cooling LLC (UAE)
  • Shinryo Corporation (Japan)
  • ADC Energy Systems LLC (UAE)
  • Keppel DCHS PTE LTD (Singapore)
  • LOGSTOTR A/S (Denmark)
  • Ramboll Group A/S (Denmark)
  • SIEMENS AG (Germany)
  • Stellar Energy (U.S.)
  • District Cooling Company LLC (UAE)

 Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=27186936

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments.

MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/district-cooling-market-27186936.html

Related Articles