openPR Logo
Press release

Cooling for Tomorrow: Global District Cooling Market Surges to US$ 43.9 Bn by 2031, Fueled by a Resilient 7.2% CAGR Growth

Cooling for Tomorrow: Global District Cooling Market Surges

The District Cooling market is witnessing a paradigm shift in the global cooling services landscape, driven by the rising demand, especially in emerging economies. In 2022, the industry was valued at US$ 23.6 billion, and projections indicate a robust Compound Annual Growth Rate (CAGR) of 7.2% from 2023 to 2031, reaching an estimated US$ 43.9 billion by the end of 2031.

Market Size and Growth

The surge in urban population and a heightened focus on sustainability and energy efficiency are key drivers propelling the District Cooling market. These systems not only consume less energy but also align with stringent energy regulations, making them an environmentally friendly choice for building owners and developers. District cooling systems optimize energy use, leading to reduced operational and maintenance costs.

Request Sample Copy of Market Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=22277

Market Segmentation

By Service Type

District cooling services encompass a range of offerings, from cooling production to distribution. Understanding the diverse service types is crucial for stakeholders in the industry.

By Sourcing Type

Sourcing types in the District Cooling market vary, including various methods of cooling production. The market caters to different sources, ensuring flexibility and adaptability to various environments.

By Application

District cooling finds applications in various sectors, such as residential, commercial, and industrial. The adaptability of these systems makes them suitable for different environments and cooling requirements.

By Industry Vertical

Different industries recognize the benefits of district cooling, contributing to sustainability goals and reducing overall energy consumption. The industry vertical-specific approach ensures tailored solutions to meet the unique requirements of each sector.

By Region

Regional dynamics play a crucial role in the District Cooling market. Different regions have varying cooling needs and regulatory landscapes, influencing the growth and adoption of district cooling systems.

Regional Analysis

The global nature of the District Cooling market necessitates a comprehensive regional analysis. Emerging economies with a growing demand for cooling services, such as those in Asia-Pacific and the Middle East, are expected to drive significant market growth.

Request TOC of Research Report:

https://www.transparencymarketresearch.com/sample/sample.php?flag=TOC&rep_id=22277

Top of Form

Market Drivers and Challenges

Market Drivers

Rise in Demand for Cooling Services
Surge in Urban Population
Focus on Sustainability and Energy Efficiency

Market Challenges

Initial Investment Costs
Regulatory Compliance

Market Trends

Government Promotions and Subsidies

Governments and municipal authorities worldwide are actively promoting district cooling schemes through promotions, subsidies, and regulations. This support creates a conducive environment for market growth and offers lucrative opportunities for vendors.

Future Outlook

The future outlook for the District Cooling market is promising, with sustained growth expected. As the global community intensifies efforts to achieve sustainability goals and reduce energy consumption, district cooling systems are set to play a pivotal role in the broader strategy.

Key Market Study Points

Recent Developments

March 2023

Emirates Central Cooling Systems Corporation (Empower) signed an agreement with Sobha Realty to provide environmentally friendly district cooling services to Sobha Hartland master community.

April 2022

Actis entered a deal to purchase a 50% stake in Emirates District Cooling Company (EMICOOL) from Dubai Investments, forming a joint venture to support EMICOOL's vision of becoming a leading provider of sustainable district cooling services in the wider MENA region.

Competitive Landscape

Key players in the District Cooling market include Emirates Central Cooling Systems Corporation (Empower), ENGIE, Veolia, ADC Energy Systems, Emirates District Cooling LLC, Keppel DHCS. Pte. Ltd., Stellar Energy, Ramboll Group A/S, Shinryo Corporation, and Dalkia. Each company contributes its expertise and innovative solutions to the industry.

Top Market Research Reports:

Bioabsorbable Stents Market: https://www.globenewswire.com/en/news-release/2023/03/02/2619934/0/en/Bioabsorbable-Stents-Market-to-Exceed-US-560-1-Mn-by-2031-TMR-Study.html

Hypercar Market: https://www.globenewswire.com/en/news-release/2023/03/02/2619875/0/en/Hypercar-Market-to-Expand-at-a-CAGR-of-11-9-during-the-Forecast-Period-Owing-to-the-Rise-in-Integration-of-Advanced-Technologies-in-Hypercars-TMR-Study.html

State Tower, 90 State Street, Suite 700,
Albany NY - 12207, United States

About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cooling for Tomorrow: Global District Cooling Market Surges to US$ 43.9 Bn by 2031, Fueled by a Resilient 7.2% CAGR Growth here

News-ID: 3321322 • Views:

More Releases from Transparency Market Research

Global Autonomous Train Technology Market Forecast 2023-2031 - Market Size, Drivers, Trends, And Competitors
Global Autonomous Train Technology Market Forecast 2023-2031 - Market Size, Driv …
The autonomous train technology market is poised for substantial growth, reflecting a paradigm shift in the global transportation landscape. Valued at US$ 1.9 billion in 2022, the market is anticipated to witness a robust CAGR of 6.4%, reaching US$ 3.4 billion by 2031. This surge is attributed to key factors such as increased investments in railway infrastructure and the growing demand for reliable, sustainable, and energy-efficient transport systems. 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚
Automotive Braking Component Market Size, Share And Growth Analysis For 2023-2031
Automotive Braking Component Market Size, Share And Growth Analysis For 2023-203 …
The global automotive braking component industry, valued at US$ 47.9 billion in 2022, is poised for significant growth, with an estimated Compound Annual Growth Rate (CAGR) of 4.0% from 2023 to 2031. Projections suggest that the market will reach US$ 68.3 billion by the end of 2031. This robust expansion is attributed to several key factors, including the surge in automotive production and vehicle ownership, advancements in safety technologies, and
Internet of Things (IoT) in Healthcare Market 2022: Industry Analysis, Size, Sha …
The Integration of Internet of Things (Iot) has emerged as a transformative force, catalyzing unprecedented advancements in patient care, operational efficiency, and overall healthcare outcomes. According to the latest market report, the IoT in Healthcare market was valued at a staggering US$ 91.71 billion in 2021 and is projected to exhibit a remarkable CAGR of 21.8% from 2022 to 2031, ultimately reaching an estimated value of US$ 648.94 billion by
Property Management Software Market Analysis, Size, Share, Growth, Trends, and F …
The Property Management Software Market is emerging as a key player in reshaping the way real estate is managed and optimized. According to recent press releases, the global property management software market was valued at an impressive US$ 14.89 billion in 2021, and projections indicate a robust compound annual growth rate (CAGR) of 8.21% from 2022 to 2031. This momentum is expected to catapult the market to a staggering US$

All 5 Releases


More Releases for Cooling

What's driving the Cooling Tower Market trends? Key Players are Haman, Internati …
MarketStudyReport.com Adds New Cooling Tower Market 2019 - 2025 research report providing information and data By Product, By Technology, By Design, By Build, By Construction Material, By Application, Industry Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast spreading across 450 Pages with table and figures in it. Ongoing investment in the upstream sector across the Asia Pacific & Middle East region will positively influence the business landscape. Prevailing expansion
Global Industrial Cooling System Market 2020 | Bell Cooling Tower, Paharpur Cool …
The Global Industrial Cooling System Market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data. It also contains projections using a suitable set of assumptions and methodologies. The study provides company profiling, product picture and specifications, sales, market share and contact information of key manufacturers of Global Industrial Cooling System Market.The Key manufactures involved in
How Cooling Tower Market Growing Rapidly...? Top Manufacturers SPX Cooling, Ther …
The U.S. cooling tower market in 2018, accounted for over USD 250 million. Favorable regulatory norms to accelerate the adoption of sustainable power generation coupled with rapid advancements in the manufacturing sector will increase the product penetration. Paradigm shift in the respective government norms are redefining the domestic manufacturing sector which will further boost the industry growth. Cooling Tower Market share is predicted to surpass USD 3 billion by 2025. Rising
Cooling Tower Market Comprehensive Growth Analysis Haman, International Cooling, …
Cooling Tower Market share is predicted to surpass USD 3 billion by 2025. Rising investments pertaining to the expansion of industrial sector across the emerging economies along with ongoing improvement in conventional technologies of thermal power plants will foster the cooling tower market growth. Escalating consumer awareness toward the adoption of sustainable cogeneration technologies will positively impact the business landscape. Eminent players operating in the cooling tower market are Haman, International
Cooling Tower Market Growth Overview Analysis of International Cooling, Reymsa, …
Based on data compiled by Market Study Report, LLC, this report on ‘Cooling Towe Market’ delivers a succinct analysis on industry size, regional growth and revenue forecasts for the upcoming years. The report further sheds light on significant challenges and latest growth strategies adopted by manufacturers who are a part of the competitive spectrum of this business domain. Cooling Tower Market share is predicted to surpass USD 3 billion by
Computer Cooling System Market by Cooling Mode, Form Factor, Price and Cooling C …
ReportsWeb.com has announced the addition of the “Global Computer Cooling System Detailed Analysis Report 2017-2022” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. This report splits Computer Cooling System market By Cooling Mode, By Form Factor, By Price, By Cooling Capacity, which covers the history data information from 2012 to 2016 and forecast from 2017 to 2022. This report mainly