Global District Cooling Market was valued USD 20.2 Bn in 2017 and is expected to reach USD 36.2 Bn by 2026, at a CAGR of 7.56 % during a forecast period.

Global District Cooling Market

Global District Cooling Market: Overview

District cooling market is a modern and real method to air-condition of a system structure in cities or campuses. Fundamental cooling plants house are huge, extremely effectual, industrial-grade equipment that produce chilled water for supply to customer buildings through an endangered underground piping network. District cooling systems remove the need for chillers, cooling towers, pumps, and other individual systems. Substantial development in the real estate sector, increase in urbanization, and growth in population in developing countries have increased the consumption of building energy for heating and cooling needs. These factors drive the district cooling market during forecast period.

Global District Cooling Market: Drivers and Restraints

Human activities have contributed significantly to climate change through the addition of CO2 and other heat-trapping gases to the atmosphere. Clearance of the land for agriculture, industry, and other human activities has enlarged the concentration of greenhouse gases. One of the key effects of global warming is the rise in temperatures around the world. This is projected to boost the demand for district cooling systems during the forecast period. Substantial rise in key energy consumption, greenhouse gas emissions, and peak electricity demand drives the requirement for district cooling market services as supportable energy solution.

On the other hand, the price of raw materials are changing unpredictable which restrict the market share of district cooling. Government is also investing more in advanced technologies to increase the demand for district cooling market during forecast period.

Global District Cooling Market: Segment Analysis

On the basis of end-user, the commercial segment established major share of the global district cooling market in 2018. Changes in climatic conditions such as high temperature coupled with expensive glass outsides the airports, hotels, colleges, malls, and offices. Consumption of district cooling market can provide a supportable solution, which is projected to meet the high demand for refrigeration during the forecast period.

Global District Cooling Market: Regional Analysis

In geographical area, Asia Pacific is predicted to expand at a significant pace during the forecast period. With increasing industrial activities, particularly in the IT industry, and high-end commercial activities, the requirement for cooling is increasing expressively. Asia Pacific has the likely to implement district cooling systems in small industrial parks, special economic zones, and other areas with high concentration of large commercial institutions. This is projected to drive the market in the region during the forecast period. Moreover, rapid growth of residential and commercial construction sectors is projected to boost the market in the region.

The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global District Cooling market dynamics, structure by identifying and analysing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence. To understand the market dynamics and by region, the report has covered the PEST analysis by region and key economies across the globe, which are supposed to have an impact on market in forecast period. PORTER’s analysis, and SVOR analysis of the market as well as detailed SWOT analysis of key players has been done to analyse their strategies. The report will to address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the Global District Cooling market.