District Cooling Market 2024-2030 Industry Growth ,Key Opportunities and Analysis

supriya maximize

Apr 9, 2024 • 4 min read

District Cooling Market Report Overview

The study includes ever-changing trends, the industry environment, and all of the District Cooling market's leading elements. The research approach was used to investigate the District Cooling industry, and the results have been logically presented in the report.

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.

Market Scope:

The research examines the pivotal trends within the District Cooling market and assesses their potential impacts on new business ventures and overall industry development. Market trends influence aspects like new technology adoption, international market entry, regulatory changes, governmental investments, novel applications, and other industry dynamics. This study entails an exhaustive trend analysis to empower informed decision-making in the District Cooling market.

The District Cooling Market Research Report offers exclusive essential statistics, facts, insights, trends, and a competitive landscape overview within this specific field. It dissects the present state of the District Cooling market and provides forecasts extending until 2029. The study is expected to encompass company profiles, encompassing key details like capacity, production, pricing, costs, revenue, and contact information for global leading District Cooling manufacturers.

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District Cooling Market Regional Insights

Geographically, the report is segmented into several key countries, with District Cooling market size, growth rate, import and export of District Cooling market in these countries, which cover North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa.

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.It is anticipated to accelerate the expansion of the district cooling market. In business settings, comfortable indoor surroundings are positively correlated with enhanced productivity, happiness, and retention rates.

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District Cooling Key Players include:

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 Report are:

What is the expected District Cooling market size by 2030?
What are the District Cooling market segments?
Which region holds the largest share in the District Cooling market?
What is the expected CAGR of the District Cooling market during the forecast period?
Which application segment emerged as the leading segment in the District Cooling market?
What key trends are expected to emerge in the District Cooling market in the coming years?
Which factor is contributing to the final price of the District Cooling?
What is the expected District Cooling market size by 2030?
Who are the District Cooling key players in the industry?
Which company held the largest share in the District Cooling market?

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Key Offerings:

Market Overview
Market Share
Market Size
Forecast by Revenue
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by segments, sub-segments and region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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