District Cooling Market Overview
The district cooling market's size was estimated at USD 28.19 billion in 2023, and at a compound annual growth rate (CAGR) of 6.72%, its revenue is projected to reach USD 44.46 billion by 2030.
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District Cooling Market Report Scope and Research Methodology
The portfolio, technology adoption, financial standing, merger and acquisition, joint ventures and strategic alliances are involved in the competitive environment for the District Cooling market. The report is an in-depth analysis of the District Cooling market provided with key findings including Pricing, investments, expansion plans, and physical presence in the District Cooling market. The bottom-up approach was used to understand the District Cooling market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities and challenges of the District Cooling market.
The District Cooling Market report portrays the scope of the industry, including the segmentation by product type and end-use industry, and examines various emerging opportunities while analyzing supply chain dynamics with market size estimates, growth, and competition including soil survey. The research method gathers large amounts of data into a brief survey using primary and secondary data collection, rigorous research methods, quality assurance procedures, and ethical considerations, and provides users gain insights that can be used for informed decisions in the District Cooling industry.
District Cooling Market Regional Insights
Regional analysis is conducted to assess the status of the District Cooling market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The District Cooling market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.
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District Cooling Market Segmentation :
by Production
Free cooling
Absorption cooling
Electric Chillers
The market is divided into three segments: electric chillers, absorption cooling, and free cooling. Over the course of the forecast period, the Electric Chillers sector is anticipated to maintain its dominant market dominance, having done so in 2023. A type of cooling equipment used in centralized chiller plants to produce chilled water for distribution to several buildings within a district cooling system is known as electric chillers in the district cooling sector. By collecting heat from the water and reducing its temperature before it is pumped via the distribution network to cool buildings' air conditioning systems, electric chillers are essential to the cooling process. The effective operation of electric chillers minimizes energy consumption while providing cooling capacity. Contemporary electric chillers integrate cutting-edge technologies such
by End User
Residential
Commercial
Industrial
The market is divided into three segments: commercial, industrial, and residential. The district cooling market share is anticipated to be highest during the forecast period, with the commercial segment dominating the market in 2023. Occupancy density, internal heat gains from lighting and equipment, and fluctuating cooling loads throughout the day all contribute to the substantial cooling needs of commercial buildings. Office buildings, shopping malls, hotels, retail establishments, and mixed-use developments are just a few of the many building types that fall within the commercial segment. Every type of building has different cooling needs depending on things like internal heat loads, operating hours, and occupancy patterns. Building residents, guests, and renters can expect to enjoy the highest levels of indoor comfort thanks to district cooling systems' steady and dependable cooling supply.
District Cooling Market Key Players :
North America:
1. Enwave Energy Corporation: Toronto, Canada
2. Veolia North America: Boston, Massachusetts, USA
3. Trane Technologies: Davidson, North Carolina, USA
4. Engie North America: Houston, Texas, USA
5. NRG Energy: Princeton, New Jersey, USA
Europe:
6. Fortum Corporation: Espoo, Finland
7. Logstor: Løgstør, Denmark
8. Ramboll Group: Copenhagen, Denmark
9. Goteborg Energi AB: Gothenburg, Sweden
Asia-Pacific:
10. Singapore District Cooling: Singapore
11. Shinryo Corporation: Tokyo, Japan
12. Keppel DHCS Pte Ltd: Singapore
13. SNC-Lavalin Group (Atkins): Montreal, Canada (Also operates in Asia-Pacific)
14. Shanghai Kaite (Thermal Engineering Co., Ltd.): Shanghai, China
Middle East & Africa:
15. Empower (Emirates Central Cooling Systems Corporation): Dubai, UAE
16. Tabreed (National Central Cooling Company PJSC): Abu Dhabi, UAE
17. Qatar District Cooling Company (Qatar Cool): Doha, Qatar
18. Emirates District Cooling (Emicool): Dubai, UAE
19. Marafeq Qatar: Doha, Qatar
South America:
20. Clima Rio: Rio de Janeiro, Brazil
21. Rusklimat Group: Moscow, Russia
22. Engie Brasil: Rio de Janeiro, Brazil
23. DCB Brasil : São Paulo, Brazil
24. EKMAN Engenharia: Belo Horizonte, Brazil
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Key questions answered in the District Cooling Market are:
- What is District Cooling ?
- What was the District Cooling market size in 2023?
- What is the growth rate of the District Cooling Market?
- Which are the factors expected to drive the District Cooling market growth?
- What are the different segments of the District Cooling Market?
- What growth strategies are the players considering to increase their presence in District Cooling ?
- What are the upcoming industry applications and trends for the District Cooling Market?
- What segments are covered in the District Cooling Market?
- Who are the leading companies and what are their portfolios in District Cooling Market?
- What segments are covered in the District Cooling Market?
- Who are the key players in the District Cooling market?
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Key Offerings:
- Market Size, Share, Size & Forecast by Different Segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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