District Cooling Market size was valued at USD 28.19 Billion in 2023 and the District Cooling Market revenue is expected to reach USD 44.46 Billion by 2030, at a CAGR of 6.72 % over the forecast period.
District Cooling Market Overview
MMR recently published District Cooling market report offers a holistic view of the District Cooling market, encompassing both global players and local players operating in different countries. Through a comparative analysis of key players and market followers, this report provides an insightful industry outlook.
District Cooling Market Report Scope and Research Methodology
The report provides an in-depth analysis of the District Cooling market, through segmentation. It analyses the market size, share, growth, and trends, along with the drivers and restraints affecting the market growth. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report.
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District Cooling Market Regional Insights
The report provides regional insights into the industrial gas market for North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The Asia-Pacific region is expected to dominate the market.
District Cooling Market Segmentation
by Production
Free cooling
Absorption cooling
Electric Chillers
The market is divided into three segments based on production: electric chillers, absorption cooling, and free cooling. During the course of the forecast period, the Electric Chillers segment is anticipated to maintain its dominant market dominance, having dominated the market in 2023. A type of cooling apparatus 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 lowering its temperature before it is routed via the distribution network to cool buildings' air conditioning systems, electric chillers play a critical part in the cooling process. Electric chillers are made to run smoothly, delivering cooling capability with the least amount of energy used. Contemporary electric chillers include cutting-edge technologies to maximize efficiency and save running expenses, like variable-speed compressors, energy-efficient parts, and clever controls. In order to comply with demanding energy efficiency standards and regulations, district cooling manufacturers are creating electric chillers with higher efficiency ratings and reduced energy usage.
by End User
Residential
Commercial
Industrial
The market is divided into Residential, Commercial, and Industrial segments based on the End-User. Throughout the course of the forecast period, the commercial segment is anticipated to maintain its dominant market dominance, having dominated the market in 2023. Because of things like population density, internal heat gains from lighting and equipment, and changing cooling demands during the day, commercial buildings need a lot of cooling. A broad variety of building types, such as office buildings, retail establishments, hotels, shopping malls, and mixed-use developments, are included in the commercial category. Based on variables including internal heat loads, operating hours, and occupancy patterns, every type of building has different cooling requirements. Building residents, guests, and tenants can enjoy maximum indoor comfort levels thanks to district cooling systems' steady and dependable cooling supply.
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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
Key questions answered in District Cooling Market are:
- Who held the largest market share in the District Cooling Market?
- What are the factors driving the District Cooling Market growth?
- What are the factors restraining the District Cooling Market growth?
- Which trends are expected to generate additional revenue for the District Cooling market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the District Cooling Market?
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Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- 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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