The global District Cooling Market is expected to reach USD 51.7 billion by 2030, at a CAGR of 7.3% during the forecast period.
District Cooling Market Overview:
District cooling is a process of providing cooled water for space conditioning and industrial processes from a central plant through an underground piping network. This system provides an efficient and sustainable solution for cooling needs in densely populated areas. District cooling systems offer a number of benefits over traditional cooling methods, such as improved energy efficiency, reduced emissions, and lower maintenance costs. Additionally, district cooling is more effective in reducing the urban heat island effect than other cooling methods.
A district cooling system (DCS) distributes cooling capacity from a central source in the form of chilled water or another medium to several buildings via a network of subterranean pipes for use in space and process cooling. District cooling is an ecologically friendly, energy-efficient, and cost-effective cooling technology. The cooling is produced centrally and provided as cold water to each building via a closed distribution network.
Market Growth Driving Factors
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District Cooling System Market Segmentation:
Report Attribute/Metric | Details |
Market Size | 2030: 51.7 billion USD |
CAGR | ~7.3% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2018 – 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Production Technique, Operations and End User |
Geographies Covered | North America, Europe, Asia-Pacific, Middle East & Africa, and South America |
District Cooling Market By Production Technique:
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District Cooling Market By Operations:
District Cooling Market By End User:
District Cooling Market Regional Analysis:
Geographically, the district cooling market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
The Middle East and Africa are expected to dominate the majority of district cooling market potential, owing to a more affluent population and rising building activity, notably in countries such as the United Arab Emirates, Saudi Arabia, and Qatar. Middle Eastern and African governments are utilizing their authority to plan, regulate, fund, and build district cooling facilities throughout the area.
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Key Players:
The Global District Cooling market comprises many local and global players. The key players in the industry are involved in various strategies such as new product launches, collaborations, corporate deals, mergers, and acquisitions to maintain and expand their market dominance. The key players operating in this market include 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).
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