District Cooling Market to reach $140bn by 2024 - PowerPoint PPT Presentation

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District Cooling Market to reach $140bn by 2024


More Information @ Residential district cooling market is set to grow owing to growing demand for efficient and sustainable cooling solutions. Increasing penetration of small scale DC systems will boost the product demand. In 2016, Westpoort Warmte and AEB initiated a DC project in Amsterdam to provide services to residential buildings in the city. – PowerPoint PPT presentation

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Title: District Cooling Market to reach $140bn by 2024

District Cooling Market to reach 140bn by 2024
Global Market Insights Inc.
Industry Overview
  • District Cooling Market to surpass USD 140
    billion by 2024 driven by growing focus toward
    adoption of sustainable energy. Growing concerns
    pertaining to carbon emissions along with rising
    demand for space cooling will foster the district
    cooling market. Increasing penetration of
    renewable energy technologies coupled with
    growing adoption of sustainable cooling solutions
    will stimulate the industry growth. In 2016,
    Tabreed reported an elimination of 570,000 tons
    of CO2 emissions from there 66 DC plants
    installed across the GCC countries.
  • Changing climatic conditions on account of
    increasing surface temperature and global warming
    will boost the market share. In addition, rapid
    urban area development and growing residential
    sector owing to increase in consumer spending and
    rise in per capita income will encourage the
    product adoption. The average temperature in
    Kuwait during summer seasons was recoded to be
    300 C in 2016.
  • Japan district cooling market is set to exceed 17
    PJ by 2024. Rapid economic growth coupled with
    strict environmental norms toward emissions will
    encourage the product adoption. Growing concerns
    toward energy security along with large scale
    deployment of cooling systems across Tokyo,
    Sapporo, Osaka and Yokohama will complement the
    business outlook. Rapid technological advancement
    in product design and development along with
    extensive RD activities across the nation has
    also instituted favorable business scenario for
    the industry players.

District Cooling Market


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  • Increasing adoption of energy efficient and
    sustainable building standards along with ongoing
    development of environment friendly building
    solutions will stimulate the commercial market.
    In addition, the flourishing service sector
    including office buildings, data centers,
    colleges and universities will further impact the
    industry growth. For instance, in 4th quarter
    2016, the overall investments toward commercial
    establishments were valued around USD 107.8
  • Ongoing adoption of heat pumps owing to their
    compatibility with sustainable heating
    technologies will stimulate the district cooling
    market. In addition, the technology is widely
    used for trigeneration, providing heat, cool and
    electricity across the commercial and residential
    establishments. It uses the waste heat to
    generate energy thereby, reducing the emissions
    effectively when compared with other counterparts.

China District Cooling Market Size, By Production
Technique, 2017 2024 (USD Million)

Industry Coverage

  • Stringent regulatory framework toward the
    adoption of sustainable cooling technologies
    along with accelerating service sector across the
    nation will boost the Sweden market. Increasing
    investments toward development of innovative
    energy efficiency solutions, energy management
    systems and efficient pipeline network will
    encourage the product demand. Ongoing deployment
    of clean energy technologies on account of
    government norms toward decarbonization of
    buildings will further complement the business
  • Key players catering across the district cooling
    market includes Keppel Dhcs, Tabreed, Singapore
    District Cooling, Emicool, SNC Lavalin, Fortum,
    ADC Energy, Vattenfall, Sellar Energy, Veolia,
    Shinryo Corporation, Ramboll, Qatar Cool,
    Siemens, Empower, Engie, Logstor, Alfa Laval,
    Wien Energi, Helen and Goteborg Energi.

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