Middle East District Cooling Market to exceed 17 Million RT by 2024 - PowerPoint PPT Presentation

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Middle East District Cooling Market to exceed 17 Million RT by 2024

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More Information @ Commercial district cooling market size is set to exceed 8 Million RT by 2024. Hotels, malls, shops, offices and hospitals are some of the key applications area. Increasing emphasis on energy conservation along with rising demand for Leadership in Energy and Environmental Design (LEED) certified buildings will positively impact the business growth. – PowerPoint PPT presentation

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Title: Middle East District Cooling Market to exceed 17 Million RT by 2024


1
Global Middle East District Cooling Market to hit
12bn by 2024 Global Market Insights Inc.
2
Key Insights from Middle East District Cooling
Market
  • Middle East District Cooling industry analysis is
    covered in this latest research report that aims
    to help those taking daily business decisions by
    providing market trends information, competitive
    landscape scenario, forecasts and more.
  • Increasing investments toward infrastructure
    development across the GCC countries coupled with
    growing demand for reliable and cost-efficient
    cooling systems will drive the district cooling
    market size. Rapid urbanization along with
    ongoing construction developments across
    government projects in prominent cities of Saudi
    Arabia including Mecca and Riyadh will stimulate
    the product penetration. In 2015, Emicool
    underlined its plan to expand its DC plant
    capacity to 250,000 tons of refrigeration in line
    with the expansion of the Dubai Investments Park
    as a part of its growth strategy for Dubai World
    Expo 2020.
  • Commercial district cooling market size is set to
    exceed 8 Million RT by 2024. Hotels, malls,
    shops, offices and hospitals are some of the key
    applications area. Increasing emphasis on energy
    conservation along with rising demand for
    Leadership in Energy and Environmental Design
    (LEED) certified buildings will positively impact
    the business growth.

3
Continued...
  • Flourishing construction sector coupled with
    ongoing government targets towards energy
    efficiency will fuel the UAE district cooling
    market growth. Companies in the UAE including
    Empower and Logstor as a part of strategy entered
    into a joint venture to use fibre optic networks
    in their large DC systems for conservation of
    water resources in cooling distribution and
    production.
  • Growing adoption of sustainable energy to meet
    the escalating energy demand will embellish the
    district cooling market. Government legislations
    toward promotion of energy efficient and
    economical cooling solutions coupled with rising
    environmental concerns will stimulate the product
    penetration. The Dubai Integrated Energy Strategy
    2030 developed in line with the Green Growth
    Strategy and the UAE Vision 2021 has set
    strategic directions toward secure and
    uninterrupted sustainable energy supply.
  • Torrid weather conditions and high humidity
    climate zones across Middle East will propel the
    district cooling market. The GCC countries
    experiences the longest summers with highest
    temperatures reaching about 540 C in 2016.

4
Continued...
  • Absorption cooling in 2016 accounted for over 6
    of district cooling market revenue. This
    technique is eco-friendly in nature and utilizes
    waste energy for production purposes. It utilizes
    heat as a source of energy and helps reduce the
    use of electrically driven cooling, thereby
    reducing carbon dioxide emissions.
  • Qatar district cooling market share was valued at
    over 8 of market revenue in 2016. Significant
    expansion of DC systems and strategic government
    plans to reduce energy consumption will stimulate
    the market growth. The Qatars National Vision
    2030 aims at achieving sustainable development of
    the country by transforming and providing high
    standard of living for its citizens.
  • Notable players in the district cooling market
    include Emirates District Cooling (Emicool),
    Emirates Central Cooling System (Empower) and
    National Central Cooling Company PJSC (Tabreed).
    Other industry participants include Qatar Cool,
    Stellar Energy, Siemens, Marafeq Qatar, ADC
    Energy, Shinryo Corporation and Logstor.

5
Saudi Arabia District Cooling Market, By
Production Technique, 2016 2024 (Million RT)

6

Browse Full Market Research Report On Middle East
District Cooling Market _at_ http//bit.ly/2wF11G0
Request for a Sample of this Research
Report _at_ https//www.gminsights.com/request-sample
/detail/2031
7
360 Analysis
  • By Application
  • Commercial district cooling market is predicted
    to exceed over 8 million RT by 2024. Increasing
    private investments towards the development of
    energy efficient commercial building structures
    to facilitate the daily needs of growing urban
    population will fuel the business growth.
  • Residential district cooling market will witness
    strong growth owing to escalating energy prices
    along with growing in urban population. In 2016,
    Emicool, announced its plan to increase its DC
    plant capacity to 500,000 RT by 2020 as a part of
    its Dubai Investments Park expansion.
  • By Region Trends
  • Saudi Arabia district cooling market size in 2016
    was valued over USD 1.5 billion. Rising demand
    for energy efficient cooling systems to
    facilitate with green building standards will
    stimulate the industry size. Increasing
    commercial and residential construction
    activities across prominent cities of Mecca and
    Riyadh coupled with favorable government
    initiatives toward deployment of DC systems will
    further complement the industry landscape.
  • Competitive Market Share
  • Notable players in the district cooling market
    include Emirates District Cooling (Emicool),
    Emirates Central Cooling System (Empower) and
    National Central Cooling Company PJSC (Tabreed).
    Other industry participants include Qatar Cool,
    Stellar Energy, Siemens, Marafeq Qatar, ADC
    Energy, Shinryo Corporation and Logstor.


8
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