MARKET INTRODUCTION

District cooling is a modern, effective way of air conditioning buildings on campuses and cities. It involves a central chiller plant that produces chilled water, which is then circulated through insulated underground piping networks to multiple buildings. The use of a district cooling obviates the need for air conditioners and chillers in these buildings. The benefits of district cooling include substantial improvement in energy efficiency, reduction in maintenance and operations costs, and less consumption of workspace.

MARKET DYNAMICS

The ongoing trend of adopting sustainable and energy-efficient cooling systems is anticipated to foster the growth of the global district cooling market. District cooling systems have been known to have five to ten times more efficiency compared to traditional cooling systems. They can reduce energy consumption by 50%. Rapid urbanization, migration of people from villages and small towns to metropolitan cities and tier 1 cities, and increased spending on infrastructure have created a need for district cooling. The need for an effective space cooling system in offices, malls, industries, apartments, and houses is expected to propel the district cooling market in the forecast period. Significant investments in real estate projects and tourism in the GCC region have resulted in a high demand for district cooling in GCC countries. Despite the high initial cost, operators and owners favor the use of district cooling systems as they are energy efficient and have lower maintenance and operational costs.

MARKET SCOPE

The "Global District cooling Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the district cooling market with detailed market segmentation by production technique, application, and geography. The global district cooling market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading district cooling market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global district cooling market is segmented on the basis of production technique and application. On the basis of production technique, the district cooling market is segmented into, free cooling, absorption cooling, and electric chiller. On the basis of application, the market is bifurcated into, commercial, residential, and industrial.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global district cooling market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The district cooling market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the district cooling market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the district cooling market in these regions.

MARKET PLAYERS

The reports cover key developments in the district cooling market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from district cooling market are anticipated to lucrative growth opportunities in the future with the rising demand for district cooling in the global market. Below mentioned is the list of few companies engaged in the district cooling market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the district cooling market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

- ADC ENERGY SYSTEMS LLC
- EMICOOL
- EMPOWER
- KEPPEL CORPORATION LIMITED
- LOGSTOR A/S
- RAMBOLL GROUP A/S
- SHINRYO CORPORATION
- SIEMENS AG
- STELLAR ENERGY
- TABREED

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.