Press release
Next-Gen Innovations to Revolutionize Middle East District Cooling Market by 2024
Middle East District Cooling Market is predicted to surpass USD 12 billion by 2024. Ongoing investments toward numerous government projects coupled with rapid urbanization in the GCC countries will propel the Middle East district cooling market share. Increasing investments for a cost-efficient and reliable cooling system along with the growing infrastructure sector in the region will embellish the business landscape. Emicool in 2015, announced its plan to expand the DC plant capacity to 2,50,000 tons of refrigeration with upgradation of Dubai Investments Park.
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Torrid weather conditions along with high humidity across the region will embellish the Middle East district cooling market. High temperatures and long summer season across the year in the GCC countries will further compliment the business landscape. The average temperature in Saudi Arabia reaches to 530 C in summers.
Commercial district cooling market is projected to exceed 8 million RT by 2024. Growing commercial sector including malls, hotels, offices, shops and hospitals will drive the Middle East district cooling market. Growing demand for Leadership in Energy and Environmental Design along with increasing emphasis on energy conservation will further propel the business landscape.
Government measures and targets toward energy efficiency coupled with flourishing construction sector across the nation will drive the Middle East district cooling market in UAE. The companies in the country are entering into joint ventures for expansion and upgradation of the DC systems. Logster and Empower entered into a joint venture to use fiber optic network in their large DC projects for conservation of water in cooling production and distribution.
Increasing adoption of renewable energy technologies to meet the growing power demand along with ongoing promotion of economical and energy efficient systems will stimulate the Middle East district cooling market. The Dubai Integrated Energy Strategy 2030 was developed in line with the UAE VISION 2021 and Green Growth Strategy to provide uninterrupted and secure renewable power supply.
Absorption cooling accounted for over 6% of the global Middle East district cooling market share in 2016. Eco-friendly technology, reduced CO2 emission and use of waste energy for production purpose will fuel the product penetration.
Browse key industry insights spread across 125 pages with 136 market data tables & 9 figures & charts from the report, “Middle East District Cooling Market Size By Production Technique (Free Cooling, Electric Chiller, Absorption Cooling), By Application (Residential, Commercial (Education, Office, Government, Healthcare), Industrial, Industry Analysis Report, Regional Outlook (Saudi Arabia, UAE, Oman, Qatar, Kuwait, Bahrain), Price Trends, Competitive Market Share & Forecast, 2017-2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/middle-east-district-cooling-market
Qatar in 2016 accounted for over 8% of the Middle East district cooling market share. Strategic government plans to curb power consumption along with significant expansion of DC systems will enhance the business landscape. The Qatar’s National Vision 2030 aims at attaining sustainable development of the country by providing and transforming high standard of living for its people.
Table of Content (TOC-)
Chapter 3. Middle East district cooling Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.4. Innovation & sustainability
3.5. Price trend analysis
3.5.1. Levelized costs of district cooling compared to decentralized production
3.5.2. Network costs for district heating
3.5.3. Comparative costs of district cooling sources
3.5.3.1. Electric Chiller
3.5.3.2. Free Cooling
3.5.3.3. Absorption Chiller
3.6. Regulatory landscape
3.6.1. Saudi Arabia
3.6.2. UAE
3.6.3. Qatar
3.6.4. Oman
3.7. Industry impact forces
3.7.1. Growth drivers
3.7.1.1. Extreme climatic conditions
3.7.1.2. Growing focus toward adoption of sustainable energy
3.7.1.3. Increasing infrastructural spending
3.7.2. Industry pitfalls & challenges
3.7.2.1. High Capital Cost
3.8. Growth potential analysis
3.9. Porter's analysis
3.10. Competitive landscape, 2016
3.10.1. Strategy dashboard
3.11. PESTEL analysis
Browse Full Toc of This Report @ https://www.gminsights.com/toc/detail/middle-east-district-cooling-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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