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Middle East District Cooling Market Size
- Report ID: GMI2031
- Published Date: Aug 2022
- Report Format: PDF
Middle East District Cooling Market Size
Middle East District Cooling Market size exceeded USD 5 billion in 2021 and is poised to register a CAGR of over 9% between 2022 and 2030.
Global warming has severely escalated surface temperatures and resulted in drastic climate change. According to climate.gov, the Earth’s temperature has increased by 0.18° C per decade since 1981, with 2021 recorded as the sixth-warmest year on record. Consequently, government bodies are becoming more inclined toward sustainable cooling solutions which may propel Middle East district cooling industry expansion.
Escalating urbanization across developing economies
Developing economies have witnessed rapid urbanization due to improved financial stability coupled with a thriving real estate sector, driving industry growth. According to insights from real estate investment firm CBRE, over 5,542 residential real estate transactions were recorded in Dubai, UAE, in May 2022 alone. Moreover, increasing investments by public and private players in developing industrial infrastructure will have a positive impact on the middle east district cooling market demand.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Middle East District Cooling Market Size in 2021: | USD 5,072.3 million |
| Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 9.2% |
| 2030 Value Projection: | USD 11,274.2 million |
| Historical Data for: | 2018 to 2021 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 283 |
| Segments covered: | Product, technique, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Middle East District Cooling Market Scope
