Press release
Middle East District Cooling Market Key Information By Top Key Player Siemens, Emirates District Cooling, Emirates Central Cooling System, Qatar Cool, Stellar Energy, ADC Energy
District Cooling Market, Global District Cooling Market Size, District Cooling Industry, District Cooling Market Trends
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, as reported in the latest study report.
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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.
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.
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 Middle East district cooling Market Methodology & Scope
Chapter 2 Middle East district cooling Market 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. Middle East district cooling Market Company Profiles
For more information on this report, Please visit at: https://www.marketstudyreport.com/reports/middle-east-district-cooling-market/?utm_source=OPR-SP
Related Report:
Global District Cooling Market Research Report 2018
In this report, the global District Cooling 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.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of District Cooling in these regions, from 2013 to 2025 (forecast), covering North America, Europe, China, Japan, Southeast Asia and India
https://www.marketstudyreport.com/reports/global-district-cooling-market-research-report-2018?utm_source=RR-SP
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