The global district cooling market is projected to reach USD 1177 million by 2026 from an estimated market size of USD 931 million in 2021, at a CAGR of 3.4% during the forecast period. The factors driving the growth for district cooling are the Surging need for efficient cooling in regions with hot climates and Growing investments in infrastructure projects in developing economies.
Browse 149 market data Tables
and 43 Figures spread through 204 Pages and in-depth TOC on "District Cooling Market by Production
Technique (Free Cooling, Absorption Cooling, Electric chillers), Application
(Commercial, Residential, and Industrial) and Region (North America, Europe,
APAC, MEA, South America) - Global Forecast to 2026"
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The district cooling market is served by a mix of
large international players with operational presence across the globe and
local players commanding a strong supply network in the domestic market. The
leading players in the global district cooling market include National Central
Cooling Company PJSC (TABREED) (UAE), Emirates Central Cooling System
Corporation (EMPOWER)(UAE), Emirates District Cooling, LLC (EMICOOL) (UAE),
Qatar District Cooling Company (QATAR COOL) (Qatar).
Emirates Central Cooling System Corporation EMPOWER
is one of the leading companies offering district cooling solutions. The
company provides district cooling services to the commercial, industrial, and
residential sectors and is mainly focused on Dubai and the surrounding regions
with 84 plants and a network extending over 350 kilometers. Empower has a
cooling capacity of more than 1.64 million refrigeration tons and serves more
than 140,000 corporate and individual consumers. The company has recently
announced its plans to be listed on the Dubai Financial Market (DFM). Empower has
a 79% market share in Dubai’s district cooling sector and is competitively
targeting to increase its production capacity. The company witnessed an
increase in its profits with year-over-year growth of 3.4%, reaching USD 245
million in 2020.
National Central Cooling Company PJSC (Tabreed) is
one of the major district cooling providers offering district cooling to the
government, commercial, residential, and private customers in Gulf Cooperation
Council (GCC) countries. Engie SA, a French multinational utility company,
holds a 40% stake in Tabreed. The total district cooling capacity of Tabreed
was 1.4 million RT in 2020 and has grown at a CAGR of 9% since 2018. It is the
largest publicly listed District cooling services provider in the region and
holds the second position in Dubai’s district cooling market. Tabrred currently
delivers cooling to some of the iconic projects such as the Burj Khalifa, Dubai
Mall, Dubai Opera, Louvre Abu Dhabi, and World Trade Centre Abu Dhabi. Apart
from the UAE, Tabreed also operates in Bahrain, Saudi Arabia, Qatar, and Oman.
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Middle East and Africa is expected to remain as the
largest district cooling market
The Middle East and Africa are expected to dominate
the district cooling market during the forecast period due to shift in the
electricity demand and supply balance in the Middle East & Africa and Asia
Pacific regions have resulted in the wider use of district cooling, which has
enabled utilities and developers to balance power supply and effectively manage
its usage. District cooling is being promoted as a way of addressing energy
shortages, energy demand, and global warming in the Middle East & Africa,
and Asia PacificTo enable an in-depth understanding of the competitive
landscape, the report includes the profiles of some of the top players in the
district cooling market.
The leading players in the district cooling market
are Emirates Central Cooling System Corporation (UAE), National Central Cooling
Company PJSC (UAE), Emirates District Cooling LLC (UAE), Shinryo Corporation
(Japan), ADC Energy Systems LLC (UAE), Keppel DCHS PTE LTD (Singapore),
LOGSTOTR A/S (Denmark), Ramboll Group A/S (Denmark), SIEMENS AG (Germany),
Stellar Energy (USA), and District Cooling Company LLC (UAE) and others. The
major strategies adopted by these players include new product launches, sales
contracts, agreements, expansions, partnerships, and collaborations.
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