The global demand for District Cooling Market is presumed to reach the market size of nearly USD 66.58 MN by 2030 from USD 28.42 BN in 2022 with a CAGR of 9.92% under the study period 2023 - 2030. Regarding volume, the market was calculated XX KRT in 2022 and forecast to touch XX KRT by 2030 with a CAGR of XX% during 2023-2030.
District cooling uses large underground pipes to deliver cool air to a network of buildings on campuses or cities. The district cooling system is highly used in office buildings, shops, residential buildings, and hospitals to cool industrial processes. The buildings within the city or campus are specially structured with an air conditioning system to use this cooling water to lower the temperature of the building. A district cooling system is a new form of energy that can be run on electricity or natural gas and can also use either regular water or seawater. The benefits of district cooling include cost-effectiveness, energy efficiency, and ease of operations.
Market Dynamics
District cooling system covers large spaces including malls, restaurants, hotels, offices, institutions, and industries to lower the temperature. This increases the demand for district cooling systems in developing countries. The rise in population increases new residential projects in the real estate sector, thus driving the demand for district cooling. The growth in urbanization and industrialization are also the factors responsible for the demand for district cooling systems. Lack of natural ventilation in high-rise buildings is also the factor driving the need for a district cooling system.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of district cooling. The growth and trends of district cooling industry provide a holistic approach to this study.
Market Segmentation
This section of the district cooling market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By End-User
- Residential
- Commercial
- Industrial
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the District Cooling market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global District Cooling Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the district cooling market include ADC Energy Systems, Emirates Central Cooling Systems Corporation (EMPOWER), Emirates District Cooling LLC, Veolia., ENGIE, Keppel DHCS Pte. Ltd, Stellar Energy, LOGSTOR A/S, Ramboll Group A/S, Shinryo Corporation, Dalkia, Singapore Power (SP) Group, ALFA LAVAL,. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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