District Cooling Market Overview

Maximize Market Research has published a report on the global District Cooling market, providing a comprehensive overview of the market, its dynamics, regional insights, and competitive landscape. The report is a valuable resource for investors and key players, providing insights that can be used to make informed decisions about the market.

District Cooling Market size was valued at USD 28.19 Billion in 2023 and the District Cooling Market revenue is expected to reach USD 44.46 Billion by 2030, at a CAGR of 6.72 % over the forecast period.

Segmentation:

The market is divided into three segments based on production: electric chillers, absorption cooling, and free cooling. During the course of the forecast period, the Electric Chillers segment is anticipated to maintain its dominant market dominance, having dominated the market in 2023. A type of cooling apparatus used in centralized chiller plants to produce chilled water for distribution to several buildings within a district cooling system is known as electric chillers in the district cooling sector. By collecting heat from the water and lowering its temperature before it is routed via the distribution network to cool buildings' air conditioning systems, electric chillers play a critical part in the cooling process. Electric chillers are made to run smoothly, delivering cooling capability with the least amount of energy used. Contemporary electric chillers include cutting-edge technologies to maximize efficiency and save running expenses, like variable-speed compressors, energy-efficient parts, and clever controls. In order to comply with demanding energy efficiency standards and regulations, district cooling manufacturers are creating electric chillers with higher efficiency ratings and reduced energy usage.

by Production

Free cooling
Absorption cooling
Electric Chillers

by End User

Residential
Commercial
Industrial

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Key Players:

North America:
1. Enwave Energy Corporation: Toronto, Canada
2. Veolia North America: Boston, Massachusetts, USA
3. Trane Technologies: Davidson, North Carolina, USA
4. Engie North America: Houston, Texas, USA
5. NRG Energy: Princeton, New Jersey, USA
Europe:
6. Fortum Corporation: Espoo, Finland
7. Logstor: Løgstør, Denmark
8. Ramboll Group: Copenhagen, Denmark
9. Goteborg Energi AB: Gothenburg, Sweden
Asia-Pacific:
10. Singapore District Cooling: Singapore
11. Shinryo Corporation: Tokyo, Japan
12. Keppel DHCS Pte Ltd: Singapore
13. SNC-Lavalin Group (Atkins): Montreal, Canada (Also operates in Asia-Pacific)
14. Shanghai Kaite (Thermal Engineering Co., Ltd.): Shanghai, China
Middle East & Africa:
15. Empower (Emirates Central Cooling Systems Corporation): Dubai, UAE
16. Tabreed (National Central Cooling Company PJSC): Abu Dhabi, UAE
17. Qatar District Cooling Company (Qatar Cool): Doha, Qatar
18. Emirates District Cooling (Emicool): Dubai, UAE
19. Marafeq Qatar: Doha, Qatar
South America:
20. Clima Rio: Rio de Janeiro, Brazil
21. Rusklimat Group: Moscow, Russia
22. Engie Brasil: Rio de Janeiro, Brazil
23. DCB Brasil : São Paulo, Brazil
24. EKMAN Engenharia: Belo Horizonte, Brazil

District Cooling Market Report Scope and Research Methodology

The District Cooling market report provides a comprehensive assessment of the global market, including insights into the industry's stakeholders. The report includes detailed information on the District Cooling market's value, revenue, production, and sales. It clearly shows the historical and current status of the market, as well as the forecasted trends and District Cooling market size.

The report employed several research methodologies to understand consumer behavior, including interviews and surveys. MMR's report is the result of a multi-method study that included Porter's, PESTLE, and SWOT analyses, as well as a bottom-up approach to estimating the District Cooling market size. Primary and secondary research methodologies were used to collect the data for the District Cooling market report. These methods were used to shed light on the key financial considerations of District Cooling key players.

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District Cooling Market Regional Insights

A detailed analysis of all five regions including North America, Asia Pacific, Europe, Middle East and Africa and South America is provided in the District Cooling market report. 

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Key Questions answered in the District Cooling Market Report are: 

• What is the forecast period of the District Cooling market report?
• What was the District Cooling market size in 2022?
• What is the expected District Cooling market size by 2029?
• What is the expected District Cooling market size by the end of the forecast period?
• Which segment in the District Cooling market is expected to grow rapidly during the forecast period?
• Who are the District Cooling key players in the industry? 
• What key trends are expected to emerge in the District Cooling market during the forecast period?
• Which region dominated the global District Cooling market? 
• Which regional market is expected to grow at a high rate during the forecast period?

Key Offerings:

• A detailed Market Overview
• Market Share, Size & Forecast by Revenue | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis of segments and sub-segments
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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