Global District Cooling Market was valued at USD 20.7 Bn in 2019 and is expected to reach USD 36.2 Bn by 2027, at a CAGR of 7.56 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global District Cooling Market Dynamics:
The district cooling market is a modern and real method to air-condition a system structure in cities or campuses. Fundamental cooling plant house is huge, extremely effective, industrial-grade equipment that produces chilled water for supply to customer buildings through an endangered underground piping network. District cooling systems remove the need for chillers, cooling towers, pumps, and other individual systems.
Substantial development in the real estate sector, increase in urbanization, and growth in population in developing countries has increased the consumption of building energy for heating and cooling needs. These factors drive the district cooling market during the forecast period.
Human activities have contributed significantly to climate change through the addition of CO2 and other heat-trapping gases to the atmosphere. Clearance of the land for agriculture, industry, and other human activities has enlarged the concentration of greenhouse gases. One of the key effects of global warming is the rise in temperatures around the world. This is projected to boost the demand for district cooling systems during the forecast period. Substantial rise in key energy consumption, greenhouse gas emissions, and peak electricity demand drives the requirement for district cooling market services as supportable energy solutions.
On the other hand, the price of raw materials is changing unpredictably which restricts the market share of district cooling. The government is also investing more in advanced technologies to increase the demand for the district cooling market during the forecast period.
Global District Cooling Market Segment Analysis:
On the basis of end-user, the commercial segment established a major share of the global district cooling market in 2019. Changes in climatic conditions such as high temperature coupled with expensive glass outsides the airports, hotels, colleges, malls, and offices. Consumption of the district cooling market can provide a supportable solution, which is projected to meet the high demand for refrigeration during the forecast period.
Global District Cooling Market Regional Insights:
In the geographical area, Asia Pacific is predicted to expand at a significant pace during the forecast period. With increasing industrial activities, particularly in the IT industry, and high-end commercial activities, the requirement for cooling is increasing expressively. The Asia Pacific has likely to implement district cooling systems in small industrial parks, special economic zones, and other areas with a high concentration of large commercial institutions. This is projected to drive the market in the region during the forecast period. Moreover, the rapid growth of residential and commercial construction sectors is projected to boost the market in the region.
The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global District Cooling market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence. To understand the market dynamics and by region, the report has covered the PEST analysis by region and key economies across the globe, which are supposed to have an impact on the market in the forecast period. PORTER’s analysis, and SVOR analysis of the market as well as detailed SWOT analysis of key players has been done to analyze their strategies. The report will to address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the Global District Cooling market.
The report also helps in understanding Global District Cooling Market dynamics, structure by analyzing the market segments and projects the Global District Cooling Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global District Cooling Market make the report investor’s guide.
Global District Cooling Market, Key Highlights:
• Global District Cooling Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global District Cooling Market
• Global District Cooling Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global District Cooling Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global District Cooling Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global District Cooling Market are also profiled.
Scope of the Global District Cooling Market Report: Inquire before buying
Global District Cooling Market, by Production Technique
• Free cooling
• Absorption cooling
• Electric Chillers
Global District Cooling Market, by End-User
Global District Cooling Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global District Cooling Market:
• Emirates Central Cooling Systems Corporation (EMPOWER)
• ADC Energy Systems LLC
• Emirates District Cooling LLC
• Stellar Energy
• Keppel DHCS Pte. Ltd
• Logstor A/S
• Shinryo Corporation
• Singapore Power (SP) Group
• Alfa Laval AB
• Marafeq Qatar (Qatar)
• Stellar Energy (U.S.)
• PJSC (UAE)
• Keppel DCHS PTE LTD (Singapore)
• Ramboll Group A/S (Denmark)
• SIEMENS AG (Germany)
• Stellar Energy (USA)
• National Central Cooling Company (Tabreed) (UAE)
• District Cooling Company LLC (UAE).
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