District Cooling Market Size By Production Technique (Free Cooling, Absorption Cooling, Heat Pumps, Electric Chillers), By Application (Residential, Commercial {College/University, Office Buildings, Government Buildings}, Industrial), Industry Analysis Report, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Nov 2019  |  Report ID: GMI2672  |  Authors: Ankit Gupta, Abhishek Chopra

Report Format: PDF   |   Pages: 340   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

District Cooling Market size valued at USD 115 billion in 2019 and is anticipated to surpass annual consumption of 325 PJ by 2026.
 

District Cooling Market

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District cooling is a centralized production and distribution system of cooling energy. It is used for space cooling across offices, houses, apartments and industries. The chilled water is distributed through insulated pipes to cool the indoor environment of buildings in an area. These systems are designed based on the individual buildings energy requirement and the water is used to lower the temperature of air in the establishments. In addition, the energy requirement to operate the systems is primarily produced from electric chillers, free cooling and absorption cooling. The study includes a detailed analysis on consumption of cooling energy bifurcated on regional and country basis across residential, commercial and industrial applications. Furthermore, the estimates and forecasts are associated with data signified y regulatory authorities including IEA, IDEA, DBDH, APUEA and associated company investor presentations and press releases.
 

Ongoing adoption of sustainable and efficient cooling systems to achieve the energy conservation targets along with the growing development of sustainable building solutions will foster the district cooling market. In addition, the increasing adoption of sustainable technologies along with stringent regulatory norms toward emission reduction will stimulate the industry growth. In addition, extreme climatic conditions owing to rising surface temperature range across the Middle East, Central Europe and South Asian nations will encourage the product adoption. Furthermore, shifting trends toward optimization of energy efficient conditioning will stimulate the business outlook. For instance, the Abu Dhabi government in accordance with its Vision 2030 framed a program “Estidama”, which regulates construction, design, operation and performance of buildings, villas, and communities across the nation.
 

District Cooling Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 115 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 3.0% 2026 Value Projection: 300 (PJ)
Pages: 340 Tables, Charts & Figures: 505
Geographies covered (21): U.S., Canada, Germany, Poland, Sweden, Italy, France, Finland, Austria, Norway, China, Japan, South Korea, Singapore, Malaysia, Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain
Segments covered: Production Technique, Application
Companies covered (25): Ramboll, Fortum, Emicool, Engie, Tabreed, Vattenfall, Siemens, Veolia, Helen, Empower, Qatar Cool, Keppel Dhc, Singapore District Cooling, SNC Lavalin, ADC Energy Systems, Stellar Energy, Shinryo Corporation, Cetetherm, Wien Energie, Goteborg, Logstor, Danfoss, Marafeq, DC Pro, Pal Technologies
Growth Drivers:
  • Stringent regulations toward emissions
  • Growing norms toward zero emission buildings
  • Growing focus toward the adoption of sustainable energy
  • Rapid urbanization and industrialization
  • Regulations toward sustainable energy
  • Rising infrastructural spending
  • Extreme climatic conditions
Pitfalls & Challenges:
  • High capital cost

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Heat pump production technology to experience robust growth due to their ability to effectively produce electricity, heating and cooling simultaneously

U.S. District Cooling Market, By Heat Pump 2019 & 2026 (USD Million)
U.S. District Cooling Market, By Heat Pump 2019 & 2026 (USD Million)

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The heat pump technology is widely being developed across the regions on account of its low emission properties and ability to effectively produce electricity along with heating and cooling simultaneously. In addition, the use of diverse sustainable energy technologies to manage the energy demand has also enhanced the product adoption. The development of large-scale heat pumps, especially across the developed economies, has instituted a favorable business scenario for the industry players. The systems constitute a reversible technology that can control the indoor temperature of establishments. It transfers heat in a refrigerant through a circulating cycle of evaporation and condensation. The evaporator coil is placed inside the box, generally in the freezer compartment where the heat is absorbed and transferred to the condensing coil for generating energy. The ongoing integration of sustainable technology mix and regulatory measures to reduce the overall emissions across the region are some of the prominent features, which will stimulate the technology adoption.
                      .

Commercial applications driving the district cooling industry revenue

The demand for sustainable cooling has been primarily from the urban areas on account of flourishing residential and service sector including SEZs, colleges/universities, and office & government buildings. The DC network has been rapidly expanding in offices, hotels, government buildings, colleges/universities and tall skyscrapers with high concentration across the U.S., Sweden, France, China, Saudi Arabia and Japan. Increasing investments for designing energy-efficient commercial structures along with the stringent regulatory framework for sustainable building codes have instituted a favorable business scenario for the district cooling market players. In addition, the accelerating floor space across commercial infrastructure to provide sustainable cooling solutions and to meet the high refrigeration demands has significantly strengthened the product adoption. The enormous potential for the utilization of systems in the countries lying near to the equator owing to varied temperatures will complement the business growth.
 

Increasing surface temperature has propelled the Middle East district cooling market

Middle East DC Market, By Country, 2019 (TJ)
Middle East DC Market, By Country, 2019 (TJ)

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Rapidly rising temperature over the years and the proven viability of DC plants in the nearby regions have resulted in the development of DC networks across the Middle East. The idea of DC plant has further gained impetus with growing recognition toward the need of energy conservation. The increasing demand for energy-efficient systems to facilitate the ongoing construction boom will drive the industry growth. In addition, the growing construction activities in prominent cities of Riyadh and Mecca coupled with the favorable government targets toward deployment of DC systems has complemented the industry landscape. Government incentives through Saudi Industrial Development Fund have promoted DC developments on a large scale. In 2018, the government of Dubai has taken initiatives to construct 20 to 24 medium and large scale capacity plants, that have spurred the growth of DC systems in the area.
 

Forward integration across the value chain emerges as the focal point of expansion

There is a high level of forward integration prevailing between the plant operators and service providers for business expansion. The companies including Fortum, Engie and Ramboll are operating in more than one part of the value chain. These industry players are also involved in extensive research & development activities to develop energy efficient solutions with low environmental impact. In addition, these companies are also responsible for the security of cooling supply, optimization of the energy mix, operations & maintenance of the overall system. Furthermore, shifting trends pertaining to the customization and development of DC technology and expansion of ongoing systems has been a focal point of industry players.
 

Key industry players operating across the district cooling market includes Ramboll, Fortum, Emicool, Engie, Tabreed, Vattenfall, Siemens, Veolia, Helen, Empower, Qatar Cool, Keppel Dhc, Singapore District Cooling, SNC Lavalin, ADC Energy Systems, Stellar Energy and Shinryo Corporation.
 

The district cooling market research report includes in-depth coverage of the industry with estimates & forecast in terms of “TJ” and ‘USD” from 2015 to 2026, for the following segments:

By Production Technique

  • Free Cooling
  • Absorption Cooling
  • Heat Pumps
  • Electric Chillers
  • Others

By Application

  • Residential
  • Commercial
    • College/University
    • Office Buildings
    • Government Buildings
    • Others
  • Industrial

The above information is provided on a country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Poland
    • Sweden
    • Italy
    • France
    • Finland
    • Austria
    • Norway
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Singapore
    • Malaysia
  • Middle East
    • Saudi Arabia
    • UAE
    • Qatar
    • Oman
    • Kuwait
    • Bahrain
  • Rest of World

 

Frequently Asked Questions (FAQ) :

District cooling is a centralized production and distribution system of cooling energy. It is used for space cooling across offices, houses, apartments and industries.
Extreme climatic conditions owing to rising surface temperature range across the Middle East, Central Europe and South Asian nations will encourage the product adoption in these regions.
The demand for sustainable cooling has been primarily from the urban areas on account of flourishing residential and service sector including SEZs, colleges/universities, and office & government buildings. The DC network has been rapidly expanding in offices, hotels, government buildings, colleges/universities and tall skyscrapers with high concentration across the U.S., Sweden, France, China, Saudi Arabia and Japan. Increasing investments for designing energy-efficient commercial structures along with the stringent regulatory framework for sustainable building codes have instituted a favorable business scenario for the industry players.
The heat pump technology is widely being developed across the regions on account of its low emission properties and ability to effectively produce electricity along with heating and cooling simultaneously. In addition, the use of diverse sustainable energy technologies to manage the energy demand has also enhanced the product adoption.

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