All updated as on -
By 2030, the market for district cooling is expected to be worth USD 51.9 billion, growing at a CAGR of 8.3% from 2022 to 2030.
A sophisticated, energy-efficient way to cool a network of buildings in cities or on college campuses is through district cooling. Huge, high-efficiency industrial-grade machinery is housed in central cooling plants, where it produces chilled water that is then sent to client buildings by way of a network of insulated underground pipes. In order to reduce the load on the electric grid brought on by the increased demand for air conditioning, district cooling is an essential component of the energy infrastructure in cities all over the world. Workplaces, shopping centres, homes, and other buildings that need interior cooling are supplied with chilled water through district cooling.
Rapidly rising temperatures and the long-term profitability of district cooling plants have been the driving forces behind the adoption of district cooling systems worldwide. In hot and tropical climates, as temperatures rise, so does the need for adequate cooling systems for individual comfort. The atmosphere around the tropics is hot and humid for the majority of the year, which raises the energy requirements for cooling and dehumidifying the air.
One of the most sought-after markets for district cooling systems is the Middle East. The sub-region has a hot climate with temperatures ranging from 35°C to 55°C due to the sharp rise in temperature, especially during the summers. Air conditioning uses up more than 70% of all energy in Dubai because of the harsh temperature there. As a result, by 2030, the city wants to use district cooling to provide 40% of its cooling requirements. In terms of capacity, the largest district cooling projects were finished in Qatar, Kuwait, and the United Arab Emirates. The district cooling system in Qatar, The Pearl, has a cooling output of 450 MW overall and is currently thought to be the biggest integrated district cooling system in the world. The Middle East district cooling business is primarily driven by policy-imposed objectives, technological advancements, and a sharp increase in demand. During the period of forecasting, it is also expected that the Saudi district cooling market will grow quickly. The demand for the worldwide district cooling market is anticipated to soar throughout the forecast period due to rising global temperatures.
The production methods used in the global district cooling market include electric chillers, absorption chillers, and free cooling. The largest market segment, electric chillers, is anticipated to experience significant growth over the forecast period. Electric chillers are the best option for buildings that need constant temperature control since they offer an uninterrupted supply of cooling services. They work well for large-scale endeavours.
Report Coverage
Global District Cooling research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global District Cooling report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and District Cooling competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key District Cooling market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global District Cooling market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, District Cooling market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Veolia (France), Danfoss (Denmark), Emirates District Cooling, LLC (EMICOOL) (UAE), Shinryo Corporation (Japan), Alfa Laval AB (Sweden), ADC Energy Systems LLC (UAE)Daikin Industries Ltd. (Japan), National Central Cooling Company PJSC (TABREED) (UAE), SNC-Lavalin (Canada), Keppel Corporation Limited (Singapore), Emirates Central Cooling System Corporation (EMPOWER) (UAE), Qatar District Cooling Company (QATAR COOL), Stellar Energy (USA), Engie (France)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global District Cooling market based on the below-mentioned segments:
Global District Cooling Market, By Production Technique
Free Cooling
Absorption Chillers
Electric Chillers
Global District Cooling market, By Operations
Storage
Distribution
Production
Global District Cooling Market, By End User
Residential
Commercial
Industrial
Global District Cooling market, Regional Analysis
A sophisticated, energy-efficient way to cool a network of buildings in cities or on college campuses is through district cooling. Huge, high-efficiency industrial-grade machinery is housed in central cooling plants, where it produces chilled water that is then sent to client buildings by way of a network of insulated underground pipes. In order to reduce the load on the electric grid brought on by the increased demand for air conditioning, district cooling is an essential component of the energy infrastructure in cities all over the world. Workplaces, shopping centres, homes, and other buildings that need interior cooling are supplied with chilled water through district cooling.
Rapidly rising temperatures and the long-term profitability of district cooling plants have been the driving forces behind the adoption of district cooling systems worldwide. In hot and tropical climates, as temperatures rise, so does the need for adequate cooling systems for individual comfort. The atmosphere around the tropics is hot and humid for the majority of the year, which raises the energy requirements for cooling and dehumidifying the air.
One of the most sought-after markets for district cooling systems is the Middle East. The sub-region has a hot climate with temperatures ranging from 35°C to 55°C due to the sharp rise in temperature, especially during the summers. Air conditioning uses up more than 70% of all energy in Dubai because of the harsh temperature there. As a result, by 2030, the city wants to use district cooling to provide 40% of its cooling requirements. In terms of capacity, the largest district cooling projects were finished in Qatar, Kuwait, and the United Arab Emirates. The district cooling system in Qatar, The Pearl, has a cooling output of 450 MW overall and is currently thought to be the biggest integrated district cooling system in the world. The Middle East district cooling business is primarily driven by policy-imposed objectives, technological advancements, and a sharp increase in demand. During the period of forecasting, it is also expected that the Saudi district cooling market will grow quickly. The demand for the worldwide district cooling market is anticipated to soar throughout the forecast period due to rising global temperatures.
The production methods used in the global district cooling market include electric chillers, absorption chillers, and free cooling. The largest market segment, electric chillers, is anticipated to experience significant growth over the forecast period. Electric chillers are the best option for buildings that need constant temperature control since they offer an uninterrupted supply of cooling services. They work well for large-scale endeavours.
Report Coverage
Global District Cooling research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global District Cooling report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and District Cooling competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key District Cooling market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Veolia (France), Danfoss (Denmark), Emirates District Cooling, LLC (EMICOOL) (UAE), Shinryo Corporation (Japan), Alfa Laval AB (Sweden), ADC Energy Systems LLC (UAE)Daikin Industries Ltd. (Japan), National Central Cooling Company PJSC (TABREED) (UAE), SNC-Lavalin (Canada), Keppel Corporation Limited (Singapore), Emirates Central Cooling System Corporation (EMPOWER) (UAE), Qatar District Cooling Company (QATAR COOL), Stellar Energy (USA), Engie (France) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of District Cooling Market from 2021 to 2030.
- Market Forecast for District Cooling Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, District Cooling competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on District Cooling
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global District Cooling market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, District Cooling market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Veolia (France), Danfoss (Denmark), Emirates District Cooling, LLC (EMICOOL) (UAE), Shinryo Corporation (Japan), Alfa Laval AB (Sweden), ADC Energy Systems LLC (UAE)Daikin Industries Ltd. (Japan), National Central Cooling Company PJSC (TABREED) (UAE), SNC-Lavalin (Canada), Keppel Corporation Limited (Singapore), Emirates Central Cooling System Corporation (EMPOWER) (UAE), Qatar District Cooling Company (QATAR COOL), Stellar Energy (USA), Engie (France)
Primary Target Market
- Market Players of District Cooling
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global District Cooling market based on the below-mentioned segments:
Global District Cooling Market, By Production Technique
Free Cooling
Absorption Chillers
Electric Chillers
Global District Cooling market, By Operations
Storage
Distribution
Production
Global District Cooling Market, By End User
Residential
Commercial
Industrial
Global District Cooling market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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