District Cooling refers to a centralized system of cooling infrastructure that serves buildings through an elaborate duct layout. The heat of the ambient air is transferred to the chilled water or another refrigerant, thereby cooling the space. The biggest driver of this industry is the massive policy shift towards reducing carbon emissions of buildings. The hot and humid climate in most developed economies will also drive the business. However, the high CAPEX remains a challenge for the companies to work on.
District Cooling Market size was estimated at $118,450 Million in 2021 and is expected to reach $145,678.6 Million by 2031, growing at a CAGR of 3% during the forecast period of 2022 to 2031.
Analysis by Production Technique
The production technique is segmented into Absorption Cooling, Free Cooling, Heat Pumps, and Electric Chillers. The District Cooling market report affirms that the Heat Pumps are the first choice for many cooling systems. This is due to its lower Green House Gas emissions vis-à-vis the other technology options. The District Cooling market research indicates that the popularity of this production technique stems from the fact that they can work in both heat and cool modes. The District Cooling market share of the Absorption Cooling technology is likely to retain certain specific customer bases.
Analysis by Application
According to the application, the segments are Commercial, Industrial, and Residential. The Commercial segment is mainly comprised of Colleges/Universities, Offices, and Government buildings. The District Cooling market size of this segment is leading the demand figures and is likely to draw a lot of attention from educational institutions as well as Government offices. The District Cooling market estimation for the Residential segment looks bullish owing to flourishing home projects and the disposable incomes of the end-users. Improved building codes expected to be launched in the next year are highly likely to incorporate strict Carbon emissions which will drive the District Cooling industry to greater heights.
Analysis by Region
The District Cooling market forecast for the Middle East & Africa region is very promising. This region has a climate wherein District Cooling is not an optional extra, it is a necessity. Moreover, the affluent Governments in this region are the perfect foil for the deployment of premium District Cooling systems. These systems, while being expensive, to begin with, pay for themselves in excellent operational economics at a fraction of Carbon emissions. Thus, the District Cooling price trend is likely to be the most remunerative in this region and thus will be closely observed for investments by organizations.
Analysis by Eminent Enterprises
The leading District Cooling companies include Ramboll, Fortum, Emicool, Engie, Tabreed, Vattenfall, Siemens, Veolia, Helen, Empower, Qatar Cool, ADC Energy Systems, Stellar Energy and Shinryo Corporation.
This industry is usually bifurcated among three distinct businesses by the functionality they bring to their portion of the value chain. It is expected that the CXOs of large companies would look at consolidating strategic interests with companies ahead of them in the value chain. This can result in unlocking unparalleled synergies.
Research & Development is usually allocated a significant budget from a company’s bottom line so that a competitive edge can be maintained for a certain specific client base. This practice is likely to stay and reap rewards in the forecasted period.
• Market Revenue Estimation and Forecast (2022 – 2031)
• Market Production Estimation and Forecast (2022 – 2031)
• Market Sales/Consumption Volume Estimation and Forecast (2022 – 2031)
• Breakdown of Revenue by Segments (2022 – 2031)
• Breakdown of Production by Segments (2022 – 2031)
• Breakdown of Sales Volume by Segments (2022 – 2031)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
• Regional Analysis and Market Data Breakdown
By Production Technique Outlook ($Revenue and Unit Sales, 2022-2031)
• Absorption Cooling
• Free Cooling
• Heat Pumps
• Electric Chillers
By Application Outlook ($Revenue and Unit Sales, 2022-2031)
• Office Buildings
• Government Buildings
By Regional Outlook ($Revenue and Unit Sales, 2022-2031)
• North America
• New Zealand
• Latin America
• Middle East & Africa
• Saudi Arabia
• Qatar Cool
• Keppel Dhc
• Singapore District Cooling
• SNC Lavalin
• ADC Energy Systems
• Stellar Energy
• Shinryo Corporation
• Wien Energie
• DC Pro
• Pal Technologies
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