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By 2024, Heat pump District cooling market to grow at 2% |by key players Alfa Laval, Ramboll, Siemens, Veolia, Helen, Wien Energi, Vattenfall, Goteborg Energi, Fortum, Engie, Logstor

05-16-2019 12:46 PM CET | Energy & Environment

Press release from: Global Market Insights Inc.

By 2024, Heat pump District cooling market to grow at 2% |by key

Heat pump district cooling market is expected to witness significant growth in the coming years. Increasing adoption of product across Northern Europe owing to its ease of compatibility with conventional heating technology will foster the industry growth. These pumps are being widely used for cooling and heating purposes across residential and commercial establishments. The technology uses waste heat to generate energy thereby, reducing the carbon emissions effectively when compared with its competitive counterparts.

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Technological advancement in product development and design along with ongoing R&D activities will propel the product growth. Increasing government focus toward sustainable and energy efficient establishments along with stringent emission reduction targets will propel the district cooling market in Europe. The EU’s “Renewable Energy Directive” has enforced standards toward the limitation and reduction of emissions caused by industries established across the region.

Europe district cooling industry By Production Technique
• Free Cooling
• Absorption Cooling
• Heat Pumps
• Others
Europe district cooling market By Application
• Residential
• Commercial
o College/University
o Office Buildings
o Government Buildings
o Others
• Industrial

France district cooling market will grow on account of stringent government norms toward the adoption of energy efficient technologies along with accelerating population across the nation. In addition, the ongoing development of energy management systems coupled with increasing investments toward innovative energy efficiency solutions will stimulate the DC grid network.

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Europe district cooling market, in recent times, has been witnessing an exponential growth graph, owing to the growing need for energy optimization and the massive deployment of these cooling systems across the continent. Given that the installation of these systems primarily revolves around reduced energy consumption, Europe district cooling industry is extensively regulatory-driven. According to the European Union, the demand for cooling systems has been observing a remarkable surge across the residential and commercial sectors, especially in summer. However, in order to ensure optimized usage and lower energy consumption the EU has been encouraging end-users to upgrade existing cooling systems with more efficient technologies, that would add a new growth dimension for Europe district cooling industry players.

Taking into account the expanding renewable energy sector across Europe, established companies in Europe district cooling market have been implementing robust growth tactics such as JVs and M&As. Merely a few weeks earlier, NIBE Industrier acquired Alfa Laval’s district cooling systems business unit and conveniently extended its customer base across France, Sweden, U.K., Finland, Czech Republic, and Russia. Given that Alfa Laval is already an established player in Europe district cooling industry, the acquisition contributed toward augmenting NIBE’s position in the regional industry.

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Notable players catering the Europe district cooling market include Engie, Logstor, Alfa Laval, Ramboll, Siemens, Veolia, Helen, Wien Energi, Vattenfall, Goteborg Energi, and Fortum. Major industry players are focusing toward product customization and continuous research and development activities as a key strategy to sustain their presence across the region.

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Video Conferencing Market Size By Component (Hardware [Multipoint Control Unit (MCU), Codecs, Peripheral Devices], Software [On-premise, Cloud], Service [Professional, Managed]), By Type (Room-Based, Telepresence, Desktop), By Application (Corporate Enterprise, Education, Government, Healthcare), Regional Outlook (U.S., Canada, UK, Germany, France, Netherlands, Italy, Spain, China, India, Japan, South Korea, Australia & New Zealand, Brazil, Mexico, UAE, Saudi Arabia, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024

https://www.gminsights.com/pressrelease/video-conferencing-market

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA
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