Press release
District Cooling Market Analysis & Technological Innovation by Top Key Players Singapore District Cooling, SNC Lavalin, Emicool, ADC Energy, Fortum, Vattenfall, Veolia, Shinryo Corporation, Sellar Energy, Ramboll & More
District Cooling Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a Steady CAGR to 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. Tabreed in 2016, reported elimination of carbon emissions up to 570,000 tons from 66 DC plants deployed across GCC countries.
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Rising average temperature range owing to global warming and changing climatic conditions will stimulate the district cooling market share. In addition, growing residential and urban area development across the emerging economies on account of increase in per capita income and rise in consumer spending will support the product penetration. In 2016, during summers the average temperature across Kuwait was recorded around 300 C.
Japan district cooling market is projected to surpass 17 PJ by 2024. Stringent environmental regulations pertaining to emission control along with rising concerns toward energy security will foster the industry growth. Ongoing installation of DC systems across Osaka, Sapporo, Yokohama and Tokyo will augment the industry landscape. In addition, technological advancement and R&D activities toward product design and development will complement the product penetration.
Growing adoption of sustainable building codes and standards pertaining to energy efficiency coupled with development of advanced energy solutions for environment friendly buildings will stimulate the commercial district cooling market. In addition, the escalating growth of service sector including office buildings, colleges & universities and data centers will further enhance the business landscape. In 4th quarter of 2016, the overall funding for commercial establishment was around USD 107.8 Billion.
The rising adoption of heat pumps on account of their affinity with sustainable and efficient heating technologies will foster the district cooling market.
Furthermore, the technology is extensively used for providing heating, cooling and electricity across the residential and commercial establishments. The technology utilizes the waste heat for the production of energy and reduces the carbon emissions effectively when compared with its counterpart.
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Sweden district cooling market share is set to increase owing to the growing share of service sector coupled with stringent regulatory norms toward adopting sustainable technologies. Ongoing investments toward development of energy management systems, reliable pipeline network and sustainable energy solutions will boost the product demand. In addition, rising installation of clean energy solutions on account of government regulations toward the decarbonization of buildings will stimulate the industry outlook.
Eminent players serving the district cooling market includes Tabreed, Keppel Dhcs, Singapore District Cooling, SNC Lavalin, Emicool, ADC Energy, Fortum, Vattenfall, Veolia, Shinryo Corporation, Sellar Energy, Ramboll, Alfa Laval, Siemens, Qatar Cool, Empower, Goteborg Energi, Helen, Logstor, Wien Energi and Engie.
Table of Content:
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. District Cooling Industry Insights
Chapter 4. District Cooling Market, By Production Technique
Chapter 5. District Cooling Market, By Application
Chapter 6. District Cooling Market, By Region
Chapter 7. Company Profiles
Outer scope of this report One of the globally acclaimed players in the district cooling market, Emirates Central Cooling Systems Corporation (Empower) has recently announced that it has completed the expansion of its district cooling plant in the DIFC (Dubai International Financial Centre). The 62,000 RT plant according to reports is one of the largest operational district cooling plants in the region. The company also announced that it has supplied around 40 new buildings with environmentally viable district cooling services at 52,000 RT within the time span of January to June 2018. Large-scale deployment of such initiatives across the Middle East countries, where temperatures are normally high, is expected majorly drive the business expansion in the ensuing years.
For More Details about this report: https://www.marketstudyreport.com/reports/district-cooling-market
Related Report:
Global District Cooling Systems Sales Market Report 2018
In this report, the global District Cooling Systems market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
https://www.marketstudyreport.com/reports/global-district-cooling-systems-sales-market-report-2018/?utm_source=RR-AN
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