District Cooling Market in Middle East worth $14bn by 2025

Middle East District Cooling Market size will surpass USD 14 Billion by 2025, as reported in the latest study by Global Market Insights, Inc.
 

Growing demand for cost-efficient and reliable cooling systems along with subsequent investments toward infrastructure development across the GCC nations will propel the Middle East district cooling market. Extreme weather conditions along with high humidity climate zones will further enhance the deployment of DC plants across the region. For instance, the GCC nations have the most extended summers with temperatures reaching as high as 540 C in 2016.


 

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Significant construction development activities coupled with flourishing industrial sector in countries including the UAE and Saudi Arabia will fuel the district cooling market in Middle East region. Increasing investments to develop state of the art infrastructure along with stringent government norms toward energy efficiency will further propel the industry outlook.
 

Middle East District Cooling Market

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Commercial district cooling market in Middle East region will grow on account of increasing construction of hotels, shops, offices, malls and hospitals. Growing emphasis on energy optimization coupled with increasing demand for designing LEED certified buildings will positively influence the industry growth.
 

Flourishing construction sector along with ongoing government projects in cities of Riyadh and Mecca will fuel the Saudi Arabia district cooling market growth. Enhanced efforts to increase the district cooling capacity to meet the increasing demand will further enhance the business outlook. In 2018, SNC Lavalin signed a contract of USD 42 million to increase the cooling capacity by a fifth at Jabal Omar Development Company’s DC plant in Makkah, Saudi Arabia.
 

Browse key industry insights spread across 140 pages with 126 market data tables & 31 figures & charts from the report, “Middle East District Cooling Market Size By Production Technique (Free Cooling, Electric Chiller, Absorption Cooling), By Application (Residential, Commercial {Education, Office, Government, Healthcare}, Industrial), Industry Analysis Report, Regional Outlook (Saudi Arabia, UAE, Oman, Qatar, Kuwait, Bahrain), Application Potential, Competitive Market Share & Forecast, 2019-2025 in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/middle-east-district-cooling-market
 

Absorption cooling market will grow on account of the element that it utilizes waste energy as a cooling medium. It is an eco-friendly cooling technique that utilizes heat as a source of energy, thereby enabling high levels of primary energy efficiency. In addition, the technology does not use environmentally damaging refrigerants, thus contributing to reduced carbon dioxide emissions.
 

Government legislations toward promotion of energy-efficient and economical cooling solutions will stimulate the demand for DC systems across Middle East. The Dubai Integrated Energy Strategy 2030 and the UAE Vision 2021 has set strategic directions toward achievement of uninterrupted and secure energy supply. Rising focus toward energy conservation along with increasing adoption of green building codes & standards will augment the district cooling market.
 

Increasing demand for electricity during peak summer periods along with the country’s focus to reduce the power demand by 50 percent by the use of DC systems will drive the Bahrain district cooling market. Investments pouring in for the design and engineering of DC plants will further propel the industry outlook. Bahrain is working on the development of DC projects across Reef Island, Bahrain Financial Harbor and Seef areas of Manama.
 

Notable industry players in the district cooling market in Middle East comprise of Emirates Central Cooling System (Empower), Qatar Cool, Tabreed, Stellar Energy, Marafeq Qatar, Siemens, Shinryo Corporation and Emicool amongst others. Continuous efforts to develop energy efficient DC systems has continued to be the prime focus for the key industry participants to secure a competitive position in the industry.
 

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The Middle East district cooling market research report includes in-depth coverage of the industry with estimates & forecast in terms of RT and USD from 2014 to 2025, for the following segments:

District Cooling Market in Middle East, By Production Technique

  • Free Cooling
  • Electric Chiller
  • Absorption Cooling
  • Others

District Cooling Market in Middle East, By Application

  • Residential
  • Commercial
    • Education
    • Office
    • Government
    • Healthcare
    • Others
  • Industrial

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

  • Middle East
    • Saudi Arabia
    • UAE
    • Oman
    • Qatar
    • Kuwait
    • Bahrain

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