District Cooling Market Size, Revenue Growth Factors & Trends, Key Player Strategy Analysis, 2030
District Cooling Market Overview:
The global District Cooling Market is expected to reach USD 51.7 billion by 2030, at a CAGR of 7.3% during the forecast period.
A district cooling system (DCS) distributes
cooling capacity from a central source in the form of chilled water or another
medium to several buildings via a network of subterranean pipes for use in
space and process cooling. District cooling is an ecologically friendly,
energy-efficient, and cost-effective cooling technology. The cooling is
produced centrally and provided as cold water to each building via a closed
distribution network.
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Report Attribute/Metric |
Details |
Market
Size |
2030: 51.7 Billion USD |
CAGR |
~7.3% |
Base
Year |
2021 |
Forecast
Period |
2022-2030 |
Historical
Data |
2018 - 2020 |
Forecast
Units |
Value (USD Million) |
Report
Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments
Covered |
Production
Technique, Operations and End User |
Geographies
Covered |
North
America, Europe, Asia-Pacific, Middle East & Africa, and South America |
District Cooling Market Segmentation:
By Production Technique:
- Free Cooling:
The district cooling network's water obtains cold from adjacent natural
cold sources, such as a river or sea.
- Absorption
Chillers: Absorption chillers capture waste heat from other processes or
equipment to power a thermodynamic process that chills and distributes
water for HVAC demands.
- Electric
Chillers: Electric chillers have dominated the market for large commercial
cooling systems due to their history of dependable, cost-effective
operation.
By Operations:
- Storage: A
considerable amount of the peak demand can be satisfied by cold energy
storage capacity with a cold-water storage tank or an ice storage facility
since the diurnal variation of the cooling demand at peak load is large.
- Distribution:
District chilled water is supplied through supply pipes from the cooling
source(s) to the user stations and returned after removing heat from the
building's secondary chilled water systems.
- Production: The
central chiller plant produces chilled water using compressor-driven
chillers.
By End User:
- Residential: A
residential area is an area of land that is mostly utilized for housing.
- Commercial:
Cooling is in high demand in commercial buildings such as malls, hotels,
multistory offices, and data centers.
- Industrial: District cooling supplies chilled water to industrial facilities for interior cooling.
District Cooling Market Regional Analysis:
Geographically, the district cooling market can be segmented into
North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South
America.
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Key Players:
The Global District Cooling market comprises many local and global players. The key players in the industry are involved in various strategies such as new product launches, collaborations, corporate deals, mergers, and acquisitions to maintain and expand their market dominance. The key players operating in this market include Veolia (France), Danfoss (Denmark), Emirates District Cooling, LLC (EMICOOL) (UAE), Shinryo Corporation (Japan), Alfa Laval AB (Sweden), ADC Energy Systems LLC (UAE)Daikin Industries Ltd. (Japan), National Central Cooling Company PJSC (TABREED) (UAE), SNC-Lavalin (Canada), Keppel Corporation Limited (Singapore), Emirates Central Cooling System Corporation (EMPOWER) (UAE), Qatar District Cooling Company (QATAR COOL), Stellar Energy (USA), Engie (France).
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