Reports
Global District Cooling Market Size, Forecast, Analysis: By Production Technique: Free Cooling, Absorption Cooling, Heat Pumps, Electric Chillers, Others; By Application: Commercial, Residential, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global District Cooling Market Outlook
The global district cooling market witnessed a healthy growth in the historical period of 2018-2023 aided by the rising commercial constructions in emerging regions. The global district cooling market is expected to grow at a CAGR of 7.3% in the forecast period of 2024-2032.
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Absorption Cooling Segment Leading the Global District Cooling Market, Bolstered by Growing Eco-Consciousness
Based on the production technique, the absorption cooling segment is anticipated to be the most prominent technique, accounting for a significant market share. This technique helps to cut down the usage of electricity in the energy system, further reducing carbon dioxide emissions by utilising waste energy. Thus, the growing environmental concern is expected to drive the demand for the absorption cooling technique in the coming years. On the basis of application, meanwhile, the residential sector is expected to grow at a robust rate over the forecast period owing to improving living standards, rise in global temperature, and growing construction of smart homes and green building projects.
The Middle East and Africa Presents Significant Growth Opportunities for the District Cooling Industry
Region-wise, the Middle East and Africa is one of the significant regions in the global district cooling market. Owing to the relatively high temperature conditions, the industry is significantly expanding across the region.
Further, rapid urbanisation, robustly growing economies, and rising investments on infrastructure projects are expected to have a positive impact on the regional industry growth. Other regions that are expected to witness an enhanced demand for district cooling include North America, Europe, and the Asia Pacific. The rising demand for energy-efficient and sustainable technologies in North America and Europe will aid the industry growth in the future.
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District Cooling: Market Segmentation
District cooling refers to the production and distribution of chilled water from a central/primary source to facilitate air conditioning. Chilled water produced at a central plant is delivered to customers via an underground network of insulated pipes. This technique is suitable for large-scale and high-density developments, including airports, shopping complexes, university campuses, residential towers, industrial establishments, and others. It can operate with the help of a variety of conventional fuels like coal, oil, or natural gas.
On the basis of the production technique, the market is divided into:
- Free Cooling
- Absorption Cooling
- Heat Pumps
- Electric Chillers
- Others
Based on application, the industry can be segmented into:
- Commercial
- Residential
- Industrial
Among these, the commercial segment can be further divided based on type into healthcare, education, government, office, airport, and retail, among others. The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Energy Efficient Technologies to Aid the Global District Cooling Market Growth
The rising demand for district cooling in regions with relatively high temperature is driving the growth of the market. Growing urbanisation, rising disposable income, and the development of large-scale residential and commercial structures are expected to result in the increased sales of cooling devices. Within the residential sector, the growing construction of smart houses and green building projects are leading to the integration of smart home HVAC systems, which is expected to provide a further boost to the industry.
Owing to growing concern regarding the environment, there has been a rise in demand for energy-efficient cooling technologies. The stringent government regulations regarding the sustainable use of energy in developed nations like the United States and Canada are driving the demand for district cooling, as it reduces the electricity consumption in cooling systems. This is expected to have a positive effect on the expansion of the global district cooling market.
Key Industry Players in the Global District Cooling Market
The report gives a detailed analysis of the following key players in the global district cooling market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Keppel DCHS PTE Ltd
- National Central Cooling Company PJSC
- Emirates District Cooling (Emicool), LLC
- Shinryo Corporation
- ADC Energy Systems LLC
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Production Technique, Application, Region |
| Breakup by Production Technique | Free Cooling, Absorption Cooling, Heat Pumps, Electric Chillers, Others |
| Breakup by Application | Commercial, Residential, Industrial |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Keppel DCHS PTE Ltd, National Central Cooling Company PJSC, Emirates District Cooling (Emicool), LLC, Shinryo Corporation, ADC Energy Systems LLC, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global District Cooling Market Analysis
8.1 Key Industry Highlights
8.2 Global District Cooling Historical Market (2018-2023)
8.3 Global District Cooling Market Forecast (2024-2032)
8.4 Global District Cooling Market by Production Technique
8.4.1 Free Cooling
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Absorption Cooling
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Heat Pumps
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Electric Chillers
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global District Cooling Market by Application
8.5.1 Commercial
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Type
8.5.1.3.1 Healthcare
8.5.1.3.2 Education
8.5.1.3.3 Government
8.5.1.3.4 Office
8.5.1.3.5 Airport
8.5.1.3.6 Retail
8.5.1.3.7 Others
8.5.2 Residential
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Industrial
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global District Cooling Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America District Cooling Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe District Cooling Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific District Cooling Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America District Cooling Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa District Cooling Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Keppel DCHS PTE Ltd
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 National Central Cooling Company PJSC
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Emirates District Cooling (Emicool), LLC
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Shinryo Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 ADC Energy Systems LLC
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global District Cooling Market: Key Industry Highlights, 2018 and 2032
2. Global District Cooling Historical Market: Breakup by Production Technique (USD Billion), 2018-2023
3. Global District Cooling Market Forecast: Breakup by Production Technique (USD Billion), 2024-2032
4. Global District Cooling Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global District Cooling Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global District Cooling Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global District Cooling Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America District Cooling Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America District Cooling Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe District Cooling Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe District Cooling Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific District Cooling Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific District Cooling Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America District Cooling Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America District Cooling Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa District Cooling Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa District Cooling Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global District Cooling Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7.3% between 2024 and 2032.
The major market drivers are rapid urbanisation, rising demand for cooling systems in regions with high temperature conditions, growing construction of large commercial spaces, and the increasing preference for smart houses and green buildings.
The key trends guiding the market growth include technological advancements and innovations, the surging integration of smart home HVAC systems in buildings, and the growing demand for energy-efficient cooling technologies.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major production techniques of district cooling considered in the market report include free cooling, absorption cooling, heat pumps, and electric chillers, among others.
Commercial, industrial, and residential are the significant applications of district cooling.
The major players in the market are Keppel DCHS PTE Ltd, National Central Cooling Company PJSC, Emirates District Cooling (Emicool), LLC, Shinryo Corporation, and ADC Energy Systems LLC, among others.
Analyst Review
The global district cooling market is being driven by the growing demand for enhanced cooling systems, technological advancements, and growing urbanisation. Aided by the rising environmental concern and favourable government initiatives, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.3%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on the production technique, the industry can be segmented into free cooling, absorption cooling, heat pumps, and electric chillers, among others. On the basis of application, the industry is categorised into commercial, residential, and industrial sectors. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Keppel DCHS PTE Ltd, National Central Cooling Company PJSC, Emirates District Cooling (Emicool), LLC, Shinryo Corporation, and ADC Energy Systems LLC, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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