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Europe District Cooling Market Size

  • Report ID: GMI2478
  • Published Date: May 2023
  • Report Format: PDF

Europe District Cooling Market Size

Europe District Cooling Market size surpassed USD 44.3 billion in 2022 and is anticipated to expand at 3.2% CAGR from 2023-2032. The surging global warming index along with the rising average temperature range has paved favorable business situations for the major industry growth. The global market for district cooling is likely to cross USD 182.9 billion by 2032.

 

Stringent energy-efficiency protocols along with promising regulatory reforms have instituted a promising business scenario for the market players. Moreover, the technology manufacturers across the region have been strengthening their market presence through extensive R&D activities and inorganic strategic implications. Increasing population & economic growth leading to a flourishing real estate sector have raised the revenue of the district cooling market in Europe by 2032. Rapid economic development after the 2009 crisis has created the necessity for broader and smarter technologies for cooling.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of Europe district cooling exceeded 44.3 billion in 2022 and will depict 3.2% CAGR from 2023-2032 propelled by stringent energy-efficiency protocols, along with promising regulatory reforms in the region.

The absorption cooling technology segment will grow at a rate of over 4% through 2032 as a result of its reliability, efficiency, flexibility, and low noise pollution.

Europe district cooling industry size from residential applications surpassed USD 9.6 billion in 2022 owing to rapid urbanization and population growth. which is fueling the demand for cooling services in households.

Sweden district cooling sector is slated to account for over USD 15 billion by 2032 on account of the supportive regulatory framework and government incentives that are promoting the adoption of these systems in the region.

Major Europe district cooling industry participants includes Veolia, Ramboll Group A/S, Vattenfall AB, Goteborg Energi, Logstor A/S, Fortum, Helen Oy, Wien Energie, Siemens, Alfa Laval, and Engie.

Europe District Cooling Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 11
  • Tables & Figures: 309
  • Countries covered: 8
  • Pages: 150
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