District Cooling Market is valued at USD 6.62 Billion in 2018 and expected to reach USD 15.49 Billion By 2025 with the CAGR of 12.9% over the forecast period. Overall cost saving and energy efficient coupled with increase investment in infrastructure spending is likely to grow the district cooling market.
District cooling system provides the efficient cooling and also reduces the need for air conditioner, coolers, pumps and others. It is one of the most effective and efficient and energy saving method. District cooling systems have a central cooling plant from where the cold water and air is supplied to the buildings and various campuses with the help of underground insulated transmission pipes. These cooling systems have eliminated the demand for cooling towers, chillers and others. District cooling system can runs on electricity or natural gas and it can be the new energy source other than electricity and water.
District Cooling Market report is segmented on Production technique, application and by regional & country level. Based upon production technique, district cooling market is segmented into free cooling, absorption cooling, and electric chillers. Based upon application, district cooling market is classified into Commercial, Residential & Institutional.
The regions covered in this District Cooling market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of District Cooling market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Some major key players for District Cooling market are
Overall cost saving and energy efficient coupled with increase investment in infrastructure spending is the key factor which helps District Cooling Market to grow.
There is an rapid increase in industrialization and urbanization among people which has increased the demand for developed infrastructure. The increase in the demand for glass exteriors in the hotels, airports, commercial complex and others which has increased the indoor temperatures and drive the growth of district cooling market. District cooling systems are energy efficient and cost efficient way to keep the buildings cool. There has been increase in green house gases which has also increased the environmental temperature and increase the demand for energy efficient and cost effective method of cooling. Furthermore, district cooling offers various advantages such as environment protection, comfort, cost and operational efficiency over the conventional cooling methods. Moreover, technological advancement in the district cooling systems is expected to create ample opportunities in the district cooling market. However, lack of public awareness is expected to hamper the growth of district cooling market over the forecast period.
North America is expected to dominate the District Cooling Market.
North America is expected to dominate the district cooling market in terms of market share which is expected to closely follow by Europe. The presence of developed economies such as U.S., Canada, UK, Germany and others coupled with increased demand of advanced infrastructure. Furthermore, the increased demand of cost effect and efficient district cooling system and increased use of renewable energy due to the increased public awareness about environment. Asia Pacific is expected to develop at a significant rate due to the presence of developing economies such as India, China coupled with substantial increase in the industrial activities. Moreover, rapid infrastructure development and increase in residential and commercial complexes on a large scale coupled with increase in public awareness with regards to the environment protection is expected to fuel the growth of district cooling market over the forecast period. Middle East, Latin America and Africa are expected to develop at a considerable rate over the forecast period.
Key Benefits for Market Reports –
By Regional & Country Analysis:
• Rest of Europe
• South Korea
• Rest Of APAC
• Rest of South America
Middle East and Africa
• Saudi Arabia
• South Africa
• Rest Of MEA
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