Press release
District Cooling Market Forecasts By Key Industry Players: DC PRO Engineering, SNC-Lavalin, Fortum, Vattenfall, Veolia, Shinryo Corporation, Ramboll, Alfa Laval, Siemens, Qatar District Cooling Company, Empower, Göteborg Energi, Helen, LOGSTOR
District Cooling Market
Ongoing adoption of heat pumps owing to their compatibility with sustainable heating technologies will stimulate the district cooling market. In addition, the technology is widely used for trigeneration, providing heat, cool and electricity across the commercial and residential establishments. It uses the waste heat to generate energy thereby, reducing the emissions effectively when compared with other counterparts.
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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.
Increasing adoption of energy efficient and sustainable building standards along with ongoing development of environment friendly building solutions will stimulate the commercial market. In addition, the flourishing service sector including office buildings, data centers, colleges and universities will further impact the industry growth.
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.
District Cooling Market in 2017 was valued over USD 100 billion and is predicted to surpass USD 140 billion by 2024
Industry Growth drivers -
• Stringent regulations toward emissions in the North America
• Growing norms toward zero emission buildings in the Europe
• Growing focus toward adoption of sustainable energy in the Europe
• Rapid urbanization & industrialization in the Asia Pacific
• Regulations toward sustainable energy in the Asia Pacific
• Extreme climatic conditions in the Middle East
• Increasing infrastructural spending in the Middle East
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.
Changing climatic conditions on account of increasing surface temperature and global warming will boost the market share. In addition, rapid urban area development and growing residential sector owing to increase in consumer spending and rise in per capita income will encourage the product adoption. The average temperature in Kuwait during summer seasons was recoded to be 300 C in 2016.
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Japan district cooling market is set to exceed 17 PJ by 2024. Rapid economic growth coupled with strict environmental norms toward emissions will encourage the product adoption. Growing concerns toward energy security along with large scale deployment of cooling systems across Tokyo, Sapporo, Osaka and Yokohama will complement the business outlook. Rapid technological advancement in product design and development along with extensive R&D activities across the nation has also instituted favorable business scenario for the industry players.
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.
Browse Full Report: https://www.gminsights.com/industry-analysis/district-cooling-market
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, Engie, Engine, National Central Cooling Company, Emirates Central Cooling Systems Corporation and Emirates District Cooling.
Market share calculation in this report is not done based on companies covered in it. The calculation of district cooling market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Browse Related Reports:
Europe District Cooling Pipeline Network Market Growth & Forecast Report 2018-2024
Europe District Cooling Pipeline Network Market size in 2017 was valued over USD 900 million and is to cross USD 1000 billion by 2024. The cumulative installation is set to exceed 1,500 km by 2024.
Europe District Cooling Pipeline Network Market Analysis with Major Players: Uponor, Logstor, BRUGG, Thermaflex, Aquatherm, Perma Pipe, Ke Kelit, Huntsman, Isoplus, Cosmoplast, Future Pipe, CPV Limited, Eval
https://www.gminsights.com/industry-analysis/europe-district-cooling-pipeline-network-market
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