Press release
Japan District Cooling Market to worth 17 PJ by 2024 | By Major Industry Players: Goteborg Energi AB, Helen Oy, Wien Energie, Vattenfall, Veolia, Shinryo Corporation, Sellar Energy, Fortum
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.
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.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Ramboll Group A/S
• Veolia
• Vattenfall AB
• Logstor AS
• Fortum
• Goteborg Energi AB
• Helen Oy
• Wien Energie
• Siemens
• Alfa Laval
• Engine
• National Central Cooling Company (Tabreed)
• Emirates Central Cooling Systems Corporation (Empower)
• Emirates District Cooling (Emicool)
• Stellar Energy
• DC Pro Engineering
• ADC Energy Systems
• Qatar District Cooling Company
• Marafeq Qatar
• Shinryo Corporation
• SNC Lavalin
• Pal Technology
• Singapore District Cooling Pte Ltd
• Danfoss
• Keppel Dhcs Pte Ltd
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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.
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.
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 and Engie.
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