District Cooling Market Size worth over $150bn by 2026

District Cooling Market size is expected to exceed USD 150 Billion by 2026, as reported in the latest study by Global Market Insights, Inc.
 

The district cooling market is witnessing a significant growth on account of positive regulatory policies toward sustainable building solutions. Over the past few years, there has been an upsurge in investments toward development and expansion of sustainable cooling solutions across the globe. In addition, increasing surface temperature primarily across Middle East and Central Europe have enhanced the market adoption. Stringent regulatory norms pertaining to emission reduction along with paradigm shift toward energy efficient air conditioning systems have also provided opportunities for district cooling industry expansion. The government of Abu Dhabi as per there Vision 2030 has framed various programs including Estidama to regulate the design, construct, operation and performance of various buildings and other infrastructural projects.


 

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Reduced need for infrastructure expansion has enhanced the adoption of free cooling technology

The free cooling technology adoption has been significantly influenced by the growing deployment of renewable energy technologies, decline in the use of environmentally harmful refrigerants and reduced need for upgrading the electrical infrastructure. The technology involves the use of cold water or cool ambient air collected from water bodies such as lakes, rivers, oceans, and seas. The cold water is pumped to the production unit and then transferred to the district cooling network for space cooling across various applications. The technology adoption is influenced by relatively lower emissions emitted by the technology and availability of flowing water streams. In addition, the changing climatic condition and expanding Tier II & III cities will boost the district cooling market share.
 

Browse key industry insights spread across 340 pages with 450 market data tables & 55 figures & charts from the report, 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 in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/district-cooling-market
 

Rapid urbanization across the developing nations is driving the residential applications

Robust urban area development primarily across the developing nations along with infrastructure expansion plans in Tier II & III cities favored the adoption of DC technology across residential application. Ongoing adoption of small-scale systems across villas, apartments and high-rise buildings along with upsurge in demand for sustainable, smart and efficient cooling technologies will complement the market outlook. In addition, increasing investments for designing of energy-efficient infrastructure coupled with the strict regulatory directive & norms pertaining to sustainable building codes have provided opportunities for market scenario.
 

Increasing utilization of waste heat has favored the adoption of absorption cooling technology

The increasing use of waste heat and hot streams for generating energy has significantly strengthened the adoption of absorption cooling technology. The product involves the use of waste incineration, CHP, and industrial waste heat to generate energy. In addition, it dissolves the vapor in an absorbent and transfers the resulting product to a high-pressure environment through a pump with low power consumption. It does not use environmentally-damaging refrigerants thus favoring the industry penetration. High power costs, excessive availability of low-cost waste stream and reduced carbon emissions are some of the prominent features that will propel the technology adoption.
 

Favorable government policies toward energy efficient technologies has fueled the North America district cooling market demand

North America district cooling industry is primarily concentrated across urban areas owing to the high penetration of commercial building structures and growing high income group. Accelerating investments pertaining to the development of residential & commercial establishments coupled with adoption of sustainable energy efficiency targets will positively influence the business outlook. In addition, the renewable energy targets and emission control norms instituted by the regulatory authorities will enhance the investments across the market. Furthermore, rapid technological advancements and increasing spending on R&D have further led to the expansion of DC systems across the region.
 

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

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