Press release
Middle East District Cooling Market Trend to 2024 Profiling Qatar Cool, Stellar Energy, Siemens, Marafeq Qatar, ADC Energy, Shinryo Corporation & more
District Cooling
Middle East District Cooling Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.
Increasing investments toward infrastructure development across the GCC countries coupled with growing demand for reliable and cost-efficient cooling systems will drive the district cooling market size. Rapid urbanization along with ongoing construction developments across government projects in prominent cities of Saudi Arabia including Mecca and Riyadh will stimulate the product penetration. In 2015, Emicool underlined its plan to expand its DC plant capacity to 250,000 tons of refrigeration in line with the expansion of the Dubai Investments Park as a part of its growth strategy for Dubai World Expo 2020. Middle East District Cooling Market size will exceed USD 12 billion by 2024
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Commercial district cooling market size is set to exceed 8 Million RT by 2024. Hotels, malls, shops, offices and hospitals are some of the key applications area. Increasing emphasis on energy conservation along with rising demand for Leadership in Energy and Environmental Design (LEED) certified buildings will positively impact the business growth.
Flourishing construction sector coupled with ongoing government targets towards energy efficiency will fuel the UAE district cooling market growth. Companies in the UAE including Empower and Logstor as a part of strategy entered into a joint venture to use fibre optic networks in their large DC systems for conservation of water resources in cooling distribution and production.
Growing adoption of sustainable energy to meet the escalating energy demand will embellish the district cooling market. Government legislations toward promotion of energy efficient and economical cooling solutions coupled with rising environmental concerns will stimulate the product penetration. The Dubai Integrated Energy Strategy 2030 developed in line with the Green Growth Strategy and the UAE Vision 2021 has set strategic directions toward secure and uninterrupted sustainable energy supply.
Torrid weather conditions and high humidity climate zones across Middle East will propel the district cooling market. The GCC countries experiences the longest summers with highest temperatures reaching about 540 C in 2016.
Absorption cooling in 2016 accounted for over 6% of district cooling market revenue. This technique is eco-friendly in nature and utilizes waste energy for production purposes. It utilizes heat as a source of energy and helps reduce the use of electrically driven cooling, thereby reducing carbon dioxide emissions.
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Qatar district cooling market share was valued at over 8% of market revenue in 2016. Significant expansion of DC systems and strategic government plans to reduce energy consumption will stimulate the market growth. The Qatar’s National Vision 2030 aims at achieving sustainable development of the country by transforming and providing high standard of living for its citizens.
Notable players in the district cooling market include Emirates District Cooling (Emicool), Emirates Central Cooling System (Empower) and National Central Cooling Company PJSC (Tabreed). Other industry participants include Qatar Cool, Stellar Energy, Siemens, Marafeq Qatar, ADC Energy, Shinryo Corporation and Logstor.
Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Middle East district cooling Industry Insights
Chapter 4 Middle East district cooling Market, By Production Technique
Chapter 5 Middle East district cooling Market, By Application
Chapter 6 Middle East district cooling Market, By Country
Chapter 7 Company Profiles
More Details on this Report At: https://www.marketstudyreport.com/reports/middle-east-district-cooling-market
Related Report:
District Cooling Market Application Potential, Competitive Market Share & Forecast, 2018 - 2024
District Cooling Market share is predicted to surpass USD 140 billion by 2024. Escalating demand for space cooling coupled with growing concerns toward carbon emissions will stimulate the district cooling market. Ongoing adoption of sustainable solutions along with rising penetration of renewable technologies will foster the business landscape.
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