Deep Lake Water Cooling Systems Market Study for 2020 to 2028 providing information on Key Players, Growth Drivers and Industry challenges

The global deep lake water cooling systems market is projected to amplify with a CAGR of 7.9% over the forecast duration of 2022-2030.For use in space and process cooling, deep water source cooling systems extract cold water from big, low-temperature water sources like lakes and oceans.

A revolutionary cooling system that offers an alternative to traditional air conditioning is deep lake water cooling (DLWC). The system uses Lake Ontario's cold water to cool the downtown Toronto buildings. The DLWC system is the largest renewable lake-source cooling system of its kind in North America, with the potential to cool 3 million square metres (32 million square feet) of building space.

The Canada Mortgage and Housing Corporation originally published the findings of a study in 1982 that described "the concept of pumping water from the bed of Lake Ontario through a hydraulic heat transfer system to cool key downtown buildings." This is when the idea for DLWC was first conceived.The first chilled water plant was established in the Metro Toronto Convention Centre's south wing in 1987. With plans to extend the chilled water distribution system further north to cover a wider portion of the downtown area, Phase II of the DLWC system's design was finalised in 1992.

Increasing Demand
The downtown area of the city has adopted DLWC as an alternative to traditional, energy-intensive air conditioning thanks to strategic partnership with Toronto.Using advanced technology, the pumps work at their most effective levels thanks to a pre-set performance curve and control algorithms that automatically alter motor speed. The project managers selected a pump producer who would thoroughly test the pumps-including the integrated controllers-before delivery, understanding that this factory testing would shorten the delivery and installation schedule.

Get Free Sample Report: https://wemarketresearch.com/sample-request/deep-lake-water-cooling-system-market/301/

These integrated pumps' design envelope technology enables operators to reduce pump speed to just 5 psi per pump in the winter when cooling demand is significantly lower.As a result, the 600-horsepower motors only require 70 horsepower to function, saving the company a significant amount of energy and associated expenditures. Staff members also spend less time regulating and rebalancing the system as a result of the fluctuating demand throughout the year and the fact that different operators are responsible for running the mechanical room. Any necessary adjustments can be done with ease because established operating parameters are recorded and saved in the integrated controllers.

Global Deep Lake Water Cooling System Market- Key trends

Stringent emission regulations across various economies is augmenting industry outlook

With rapid urbanization and industrialization, the world is witnessing a massive wave of environmental pollution. This in turn has pushed various nations to adopt efficient sustainability trends to reduce emission levels. Various nations have implemented stringent emission regulations as a step towards environmental protection. This is turn is increasing adoption of deep lake water cooling systems owing to their eco-friendly nature.

Global Deep Lake Water Cooling System Market- Segmental assessment

By Capacity
• 18,000 tons and below
• 18,000 tons to 35,000 tons
• 35,000 tons to 70,000 tons
• 70,000 tons and above

By Application
• Hospitals
• Educational Campuses
• Government Buildings
• Commercial
• Residential Buildings

The commercial segment is poised to amass notable gains over the estimated timeline owing to the rapid adoption of district coolers across commercial complexes to reduce their energy consumption costs.

Global Deep Lake Water Cooling System Market- Competitive hierarchy
The prominent players characterizing the competitive ambit of this market vertical are ACCIONA, BARDOT Group, Entrepose Group, Enwave Energy, Makai Ocean Engineering, and Ocean Thermal Energy Corporation.

Buy This Report: https://wemarketresearch.com/purchase/deep-lake-water-cooling-system-market/301/?license=single

Frequently Asked Questions
What is the growth rate projection for Global Deep Lake Water Cooling System Market over 2022-2030?
What are the expansion determinants for Global Deep Lake Water Cooling System Market?
Which are the major segments covered in the Global Deep Lake Water Cooling System Market report?
Which application system presently leads the Global Deep Lake Water Cooling System Market?
Which is the leading region in the Global Deep Lake Water Cooling System Market?

Contact Us:
We Market Research
Phone: +1(650)-666-4592
Email: sales@wemarketresearch.com
Web: https://wemarketresearch.com/

About We Market Research:
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

This release was published on openPR.