Press release
District Cooling Market Valuation of US$17.3 bn by the end of 2024: Commercial Sector to Surface as Leading Application Area for District Cooling
The rising primary energy consumption, peak electricity demand, and greenhouse gas emissions, are projected to increase the requirement of district cooling services as a sustainable energy solution, enabling local communities to gain the economic and environmental benefits of this technology over the next few years. Expanding at a CAGR of 5.10% between 2016 and 2024, the global market for district cooling is estimated to increase from US$11.1 bn in 2015 to US$17.3 bn by the end of 2024.
Global District Cooling Market: Overview
The district cooling (DC) market report by Transparency Market Research provides in-depth analysis of the district cooling market globally. The report segments the market on the basis of application and geography. The report analyzes the global district cooling market in terms of both (cooling) energy sales volume (Tera Joules) and revenues (US$ Mn) for the years 20162024. For this research study, the base year is 2015, whereas the forecast is from 2016 to 2024. The report provides a comprehensive competitive landscape and features companies manufacturing district cooling systems.
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This report includes the key dynamics affecting the district cooling market globally. The analysis in the report provides detailed insights of the global district cooling market. The drivers, opportunities, and restraints of the market were analyzed in detail and are illustrated in the report. The report also provides a detailed industry analysis of the global district cooling with the help of the Porters Five Forces Analysis model.
Global District Cooling Market: Segmentation
The research report is studied on the basis of the application and the geography. Based on application, the market is segmented into residential, commercial, and industrial. Commercial application segment dominated the global district cooling market in terms of both energy sales volumes and revenues. Residential application segment closely followed commercial application segment. Residential application segment held around 40% market share of the global district cooling market in 2015.
Geographically, the global market is classified into five regions and further into 26 unique country sub-segments. The regional segments are North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The 26 countries which have been separately addressed in this report are the U.S., Canada, Sweden, Denmark, Sweden, Austria, Germany, France, Finland, Italy, China, Malaysia, Philippines, Singapore, India, Indonesia, South Korea, Japan, Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman, South Africa, Brazil, and Mexico. District cooling market in each country and region is further sub-segmented by application into residential, commercial, and industrial.
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North America held the major share of the global district cooling (DC) market in 2015, accounting for around 50% of the global market share. Middle East & Africa was the second-largest market for district cooling systems, followed by Asia Pacific in 2015. Europe and Latin America held the fourth-largest and fifth-largest share of the global district cooling market in that year.
Companies Mentioned in the Report
Some of the key market participants in the district cooling market are ADC Energy Systems LLC, Emirates Central Cooling Systems Corporation (EMPOWER), Emirates District Cooling LLC (Emicool), Emirates National Central Cooling Company PJSC (Tabreed), Stellar Energy, Keppel DHCS Pte. Ltd., Logstor A/S, Ramboll Group A/S, Tekla Corporation, Shinryo Corporation, Dalkia, Veolia, Singapore Power (SP) Group, and Alfa Laval AB among others. The report provides an overview of these companies, followed by their financial details, business strategies, SWOT analysis, and recent developments.
Browse full report here : https://www.marketresearchreports.biz/reports/1064805/district-cooling-global-industry-market-research-reports
The district cooling market has been segmented as follows:
By Region
North America
The U.S.
Canada
Europe
Denmark
Sweden
Austria
Germany
France
Finland
Italy
Rest of Europe
Asia Pacific
China
Malaysia
Philippines
Singapore
India
Indonesia
South Korea
Japan
Rest of Asia Pacific
Middle East and Africa
Saudi Arabia
UAE
Qatar
Bahrain
Kuwait
Oman
South Africa
Rest of MEA
Latin America
Mexico
Brazil
Rest of Latin America
By Application
Residential
Commercial
Industrial
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