District Cooling Market to Exceed 9.54 Billion USD by 2021 | Major Comapines are Emirates Central Cooling Systems, LOGSTOR, Ramboll, SIEMENS, Stellar Energy

The district cooling market is projected to grow from USD 5.41 Billion in 2016 to USD 9.54 Billion by 2021, at a CAGR of 13.19% from 2016 to 2021. The demand for district cooling is increasing due to the growth in the demand for energy efficient cooling technologies. District cooling helps reduce greenhouse gas emission and refrigerant usage as compared to that of conventional cooling.

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Major players operating in this market include District Cooling (UAE), National Central Cooling Company PJSC (UAE), Emirates Central Cooling System Corporation (UAE), ADC Energy Systems LLC (UAE), Keppel DHCS Pte Ltd (Singapore), Logstor A/S (Denmark), Siemens AG (Germany), Ramboll Group A/S (Denmark), Shinryo Corporation (Japan), District Cooling Company LLC (UAE), Stellar Energy (U.S.). These players have adopted various strategies to expand their global presence and increase their market shares.

The growth of the district cooling market was largely influenced by expansions and contracts & agreements during the past five years. Expansions, contracts & agreements, acquisitions, partnerships, and joint venture, are some of the strategies adopted by these players to achieve growth in the market. Companies such as Emirates Central Cooling System Corporation (UAE), National Central Cooling Company PJSC (UAE), and Emirates District Cooling LLC (UAE) adopted strategies such as expansions and contacts & agreements to strengthen their market position and increase their production capacity.

Emirates Central Cooling Systems Corporation (Empower), the leading district cooling company, adopted various strategies such as contracts & agreements and expansions to increase its production capacity. For instance, in January 2014, EMPOWER acquired Palm Utilities (Dubai, UAE) worth USD 500 Million which enabled it to increase its production capacity and strengthen its market presence. . The company also underwent strategic expansions, by expanding its production capacities in Business Bay (Dubai, UAE). The company is strengthening its market, hold, and brand portfolio across UAE and is also expanding its operations to other nations such as the GCC countries.

National Central Cooling Company PJSC (Tabreed) is expanding its production capacity in GCC countries. The company is currently deepening its roots in GCC countries to exploit the potential of the district cooling market. For instance, National Central Cooling Company PJSC (Tabreed) signed a contract with Qatar Cool for the construction of a fourth district cooling plant in the State of Qatar in May 2014. This contract enable the company to expand its market and strengthen its foothold in GCC. In the coming years, the company plans to expand its reach to other geographies with its experienced business units and rich brand portfolio.

District cooling finds major applications in residential, commercial and Industrial projects
Commercial

District cooling systems are widely used in commercial buildings. Offices, shops, airport, retail, government, institutions, and organizations are considered as commercial buildings. The commercial construction market can be further categorized according to construction activities, namely, new construction and remodeling. Commercial buildings have more floor area and the highest total energy consumption than any other building type, creating many opportunities to save energy. District cooling system has become an integral part of commercial structures due to rise in the global temperature and increase in pollution because of heavy construction activities.

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Residential:

Residential buildings include apartments, condominium, row houses, and individual homes. There is an increase in demand for consumer goods such as air conditioners in the residential sector. As air conditioners consume almost 50% of the total electricity used at homes, there is a rise in demand for energy-efficient cooling technologies such as district cooling. The introduction of smart homes and green building technologies has positively impacted the district cooling market. Increase in disposable income of people, the need for saving energy, and rapid climatic changes are expected to drive the district cooling market in the residential segment.

Industrial:

The application of district cooling is more complex in the industrial segment than in the residential and commercial segments. Industrial premises are divided into three areas, namely, production area, office area, and warehousing area. Among the three, the production area has a defined set of requirement for different temperature and different kind of production. Big industries are always looking for ways to reduce the costs by optimizing their energy usage. Industrial buildings require a lot of energy to run their various processes. Use of district cooling in industrial buildings help to reduce costs related to energy wastage. Industrial owners are looking for energy-efficient cooling technologies for warehouses, control rooms, distribution centers, and production facilities to increase the optimum use of energy in these areas.

Critical questions the report answers:
• Where will all these developments take the industry in the mid to long term?
• What are the upcoming production techniques for district cooling?
• There are certain factors that restrain the growth of the district cooling market. Some of these are, the high upfront capital cost and non-synchronized development decisions.

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