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Global District Cooling Market: By Production Technique; Free Cooling, Absorption Cooling, Heat Pumps, Electric Chillers, Others: By Application; Commercial, Residential, Industrial: Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global District Cooling Market Outlook

The global district cooling market witnessed a healthy growth in the historical period of 2018-2022 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 2023-2028. 

 

District Cooling Market

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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.

 

District Cooling Market by Production Technique

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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.

 

District Cooling Market by Region

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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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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 (2018-2022) 
    8.3    Global District Cooling Market Forecast (2023-2028)
    8.4    Global District Cooling Market by Production Technique
        8.4.1    Free Cooling
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Absorption Cooling
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Heat Pumps
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Electric Chillers
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Others
    8.5    Global District Cooling Market by Application
        8.5.1    Commercial
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
            8.5.1.4    Breakup by Type
                8.5.1.4.1    Healthcare
                8.5.1.4.2    Education
                8.5.1.4.3    Government
                8.5.1.4.4    Office
                8.5.1.4.5    Airport
                8.5.1.4.6    Retail
                8.5.1.4.7    Others
        8.5.2    Residential
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Industrial
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
    8.6    Global District Cooling Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
9    North America District Cooling Market Analysis
    9.1    United States of America
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022)
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022)
        9.2.3    Forecast Trend (2023-2028)
10    Europe District Cooling Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022)
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022)
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022)
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022)
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific  District Cooling Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022)
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022)
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022)
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022)
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022)
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America  District Cooling Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022)
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022)
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022)
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa District Cooling Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022)
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022)
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022)
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022)
        13.4.3    Forecast Trend (2023-2028)
    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 2028
2.    Global District Cooling Historical Market: Breakup by Production Technique (USD Billion), 2018-2022
3.    Global District Cooling Market Forecast: Breakup by Production Technique (USD Billion), 2023-2028
4.    Global District Cooling Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global District Cooling Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global District Cooling Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global District Cooling Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America District Cooling Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America District Cooling Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe District Cooling Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe District Cooling Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific District Cooling Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific District Cooling Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America District Cooling Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America District Cooling Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa District Cooling Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa District Cooling Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2021 and 2026.

The major drivers of the industry, such as rapid urbanisation, rising demand for cooling systems in regions with high temperature conditions, growing construction of large commercial spaces, growing technological advancements, and increasing preference for smart houses and green building projects are expected to aid the market growth.

The key trends guiding the growth of the industry include the stringent government regulations regarding the use of sustainable devices, thus, promoting the adoption of the technology.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. 

Free cooling, absorption cooling, heat pumps, and electric chillers, among others, are the major production techniques available in the industry.

The significant application sectors of the product include commercial, residential, and industrial sectors.

The major players in the industry 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 2023-2028, 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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