Industry Background:
District Cooling system (DCS) is method in which cooling capacity is distributed in the form of chilled water from a centralized production system. Chilled water is delivered by an underground pipeline to be used in offices, industries and residential buildings. The system uses various conventional fuels such as coal, oil and natural gas for its operation.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Emirates Central Cooling System [United Arab Emirates], National Central Cooling [United Arab Emirates], Emirates District Cooling [United Arab Emirates], Shinryo [Japan], ADC Energy Systems [United Arab Emirates], Keppel DCHS PTE [Singapore], Logstor [Denmark], Ramboll [Denmark], Siemens [Germany], Stellar Energy [United States], Pal Technology [United Arab Emirates], Qatar Cool [Qatar], DC Pro Engineering [United Arab Emirates], Fortum [Finland] and Danfoss District Energy [Denmark] |
This growth is primarily driven by Rapid Urbanization and Growing Demand in Middle East Region Owing to Relatively High Temperature.
Globally, a noticeable market trend is evident Growing Demand for Energy Efficient District Cooling Technologies
The Power Producers & Energy Traders sector in the Middle East and Africa region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Emirates Central Cooling System [United Arab Emirates], National Central Cooling [United Arab Emirates], Emirates District Cooling [United Arab Emirates], Shinryo [Japan], ADC Energy Systems [United Arab Emirates], Keppel DCHS PTE [Singapore], Logstor [Denmark], Ramboll [Denmark], Siemens [Germany], Stellar Energy [United States], Pal Technology [United Arab Emirates], Qatar Cool [Qatar], DC Pro Engineering [United Arab Emirates], Fortum [Finland] and Danfoss District Energy [Denmark], etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In April 2020, Tabreed, the leading UAE-based international district cooling developer, ENGIE subsidiary, has acquired of a Emaar company. In this acquisition, Tabreed’s extensive portfolio of iconic developments
In April 2023, Emirates Central Cooling Systems Corporation (Empower) has launched a modernisation and upgradation project for the Jumeirah Beach Residence (JBR) district cooling plant in Dubai. The project will incorporate cutting-edge technologies to improve the energy efficiency and reliability of the cooling system.
Influencing Trend:
Growing Demand for Energy Efficient District Cooling Technologies and Growing Infrastructure Investments Leading to Deployment of DCS
Market Growth Drivers:
Rapid Urbanization and Growing Demand in Middle East Region Owing to Relatively High Temperature
Challenges:
Cooling Requirement Planning and Demand Risk and Difficulty in Implementation
Restraints:
High Initial Cost and Uncertainty and Risk Around Global Economy
Opportunities:
Government Promotion of District Cooling in Urban Planning and Smart Cities Projects, Advancement in Cooling Technology and Economic Growth in Emerging Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in District Cooling Market
- Analysis about New Entrants in District Cooling Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, District Cooling Study Sheds Light on
The District Cooling Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the District Cooling industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where District Cooling industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.