District Cooling Market is projected to grow at a steady pace forecast to 2021

The market for district cooling is projected to grow from USD 5.14 Billion in 2016 to USD 9.54 Billion by 2021, at a CAGR of 13.19% from 2016 to 2021.

Browse 98 market data tables and 57 figures spread through 171 pages and in-depth TOC on “District Cooling Market by Production Technique (Free Cooling, Absorption Cooling, Electric Chillers), Application (Commercial, Residential & Institutional), Region - Global Forecast to 2021"

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Some of the major players operating in this market include District Cooling (UAE), National Central Cooling Company PJSC (UAE), Emirates Central Cooling System Corporation (UAE), ADC Energy Systems LLC (UAE), Keppel DHCS Pte Ltd (Singapore), Logstor A/S (Denmark), Siemens AG (Germany), Ramboll Group A/S (Denmark), Shinryo Corporation (Japan), District Cooling Company LLC (UAE), Stellar Energy (U.S.). These players have adopted various strategies to expand their global presence and increase their market shares.

The growth of the district cooling market was largely influenced by expansions and contracts & agreements during the past five years. Expansions, contracts & agreements, acquisitions, partnerships, and joint venture, are some of the strategies adopted by these players to achieve growth in the market. Companies such as Emirates Central Cooling System Corporation (UAE), National Central Cooling Company PJSC (UAE), and Emirates District Cooling LLC (UAE) adopted strategies such as expansions and contacts & agreements to strengthen their market position and increase their production capacity.

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Major Market Developments

In January 2017, Tabreed announced the acquisition of a district cooling plant from International Capital Trading. The acquisition will enable Tabreed to strengthen its portfolio and add 11,500 RT to its existing production capacity.
In April 2016, Empower plans to construct a third district cooling facility in Dubai’s Business Bay neighborhood through a USD 50.6 million contract with Gulf District Cooling. This development is expected to increase the company’s production capacity.
In July 2016, Empower signed a USD 0.49 billion contract with Nakheel to provide district cooling services to Jumeirah Village Circle and Jumeirah Village Triangle. This contract will add approximately 260,000 RT to Empower's current production capacity.

Target audience:

District cooling manufacturers, distributors, and suppliers
End-use markets such as commercial, residential, and industrial project developers
Government and research organizations
Raw material and equipment suppliers
Associations and industry bodies
Consulting companies in energy sectors
Investment banks

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