District Cooling Market Forecast To 2022 - Scalar Market Research
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District Cooling offers centralized production and distribution of chilled water to buildings, offices and for industries to cool the premises. It is a cheaper option compared to running compressor for cooling which requires more energy. The system requires a central chiller plant, pumping station and a pipeline network. In District Cooling regular water or sea water is used and system can run on electricity or on natural gas. A single plant can offer its services to many buildings. District Cooling is a good substitute for air conditioning system. Some of the key challenges include construction and operational challenges and competition from air-cooled reciprocating chiller systems.
The report on the global district cooling market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
KEY PREMIUM INDUSTRY INSIGHTS
The key reasons driving the growth of the District Cooling market includes increasing demand from Middle East, rising demand from emerging economies augmented to rising investment in Infrastructure projects and rapid urbanization trend across the globe.
Demand for Sustainable cooling technologies is one of the key growth opportunity drivers for this market.
However, factors like high capital cost, uncertainty and risk associated with global economy may restrict the growth of the District Cooling market.
The research methodology for Scalar Market Research’s district cooling market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.
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