HOME Top Market Reports District Cooling Market by Production Technique (Free Cooling, Absorption Cooling, Electric Chillers), Application (Commercial, Residential & Institutional), Region - Global Forecast to 2021

District Cooling Market by Production Technique (Free Cooling, Absorption Cooling, Electric Chillers), Application (Commercial, Residential & Institutional), Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: February 2017
Report Code: CH 2692

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[171 Pages Report] The district cooling market is expected to grow from USD 4.61 billion in 2015 to USD 9.53 billion by 2021, at a CAGR of 13.19% from 2016 to 2021. District cooling is the production and distribution of chilled water from a central source to enable air conditioning. District cooling is apt for large-scale, high-density developments such as downtown business districts, airports, military bases, university campuses, residential towers, and commercial establishments. District cooling plants can use a variety of conventional fuels such as coal, oil, or natural gas. The global district cooling market is expected to witness a high growth rate due to the increasing awareness about environmental protection and changing preference of manufacturers from conventional to energy-efficient cooling technology. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.

Market Dynamics

Drivers

  • The demand for district cooling will be fueled by the rapid urbanization
  • Relatively high temperature in Middle East region
  • Investment on infrastructure projects in developing economies

Restraints

  • High capital cost
  • Non-synchronized developments decisions

Opportunities

  • Rising demand for  energy-efficient and sustainable cooling technologies
  • Use of treated sewage effluent (TSE) in district cooling system

Challenges

  • Difficulty in district cooling system implementation

Rapid Urbanization to Fuel the District Cooling Market

The demand for district cooling will be fueled by the rapid urbanization, globally. According to the United Nations, in 2014, around 54% of the world’s population resided in cities and is projected to increase to 66% by 2050. The leading urbanized regions, namely, Northern America, Latin America & Caribbean, and Europe had 82%, 80%, and 73% of urban population, respectively, in 2014. The urban population in these regions is expected to increase in the future. However, the Asian and African regions are likely to urbanize faster in comparison to other regions.

The objectives of the report are as follows:

  • To define, segment, and project the size of the global district cooling market on the basis of production technique, application, and region
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To project the size of the market in terms of value and volume, with respect to four main regions (along with their respective key countries), namely, Americas, Europe, Asia-Pacific, and Middle East & Africa
  • To strategically profile key players and comprehensively analyze their core competencies2
  • To track and analyze competitive developments such as contracts & agreements, expansion, joint ventures, mergers & acquisitions, partnerships, and research & development in the district cooling market

The research methodology used to estimate and project the market size included the ‘top-down’ and ‘bottom-up’ approaches. The total size of the district cooling market was calculated and accordingly, weightages were provided for various segments. This was done on the basis of extensive primary interviews and secondary research based on the information available on websites of various associations such as International Energy Agency (IEA), International District Energy Association (IDEA), and Euroheat & Power. Primary research conducted for this report included extensive interviews with key people such as CEOs, VPs, directors, and executives. After arriving at the overall market size, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents is depicted in the figure below.

District Cooling Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the district cooling market comprises district cooling producers and product & service providers such as Emirates Central Cooling System Corporation (UAE), National Central Cooling Company PJSC (UAE), Emirates District Cooling LLC (UAE), Shinryo Corporation (Japan), ADC Energy Systems LLC (UAE), Keppel DCHS PTE LTD (Singapore), LOGSTOTR A/S (Denmark), Ramboll Group A/S (Denmark), SIEMENS AG (Germany), Stellar Energy (USA), and District Cooling Company LLC (UAE).

Major Market Developments

  • In January 2017, Tabreed announced the acquisition of a district cooling plant from International Capital Trading. The acquisition will enable Tabreed to strengthen its portfolio and add 11,500 RT to its existing production capacity.
  • In April 2016, Empower plans to construct a third district cooling facility in Dubai’s Business Bay neighborhood through a USD 50.6 million contract with Gulf District Cooling. This development is expected to increase the company’s production capacity.
  • In July 2016, Empower signed a USD 0.49 billion contract with Nakheel to provide district cooling services to Jumeirah Village Circle and Jumeirah Village Triangle. This contract will add approximately 260,000 RT to Empower's current production capacity.

Target audience:

  • District cooling manufacturers, distributors, and suppliers
  • End-use markets such as commercial, residential, and industrial project developers
  • Government and research organizations
  • Raw material and equipment suppliers
  • Associations and industry bodies
  • Consulting companies in energy sectors
  • Investment banks

Scope of the Report

The research report categorizes the district cooling market into the following segments:

Production Technique:

  • Free cooling
  • Absorption cooling
  • Electric chiller

Application

  • Commercial
  • Residential
  • Industrial

By region:

  • Americas
  • Europe
  • Asia-Pacific
  • Middle East and Africa

Critical questions which the report answers

  • What are expansion and acquisition activities companies are doing?
  • Which are the key players in the market and how intense is the competition?

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.

  • District cooling market, by  other countries in the rest of Asia-Pacific, rest of Europe, and rest of Middle East and Africa
  • District cooling market, sub-applications by countries

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Covered
           1.3.2 Year Considered in the Report
           1.3.3 Currency & Pricing
           1.3.4 Package Size
           1.3.5 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions and Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Significant Opportunities in  District Cooling Market
    4.2 District Cooling Market in Middle East & Africa, By Application, and Country
    4.3 Fastest-Growing District Market
    4.4 District Cooling Market, By Application

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Evolution of District Cooling
    5.3 District Cooling
           5.3.1 District Cooling System Components
                    5.3.1.1 Central Chiller Plant
                    5.3.1.2 Distribution Network
                    5.3.1.3 User Station
           5.3.2 District Cooling Benefits
                    5.3.2.1 Reduction in Environmental Degradation
                    5.3.2.2 Economy of Scale
                    5.3.2.3 Enhanced Reliability
                    5.3.2.4 Efficient Use of Energy
                    5.3.2.5 Reduces Strain on Nation’s Power Grid
    5.4 Working of District Cooling System
    5.5 District Cooling Project
           5.5.1 District Cooling Project Selection Criteria
           5.5.2 Phases in Establishment of A District Cooling Project
                    5.5.2.1 Feasibility Study
                    5.5.2.2 Project Development
                    5.5.2.3 Project Execution & Monitoring
                    5.5.2.4 Broadcasting Results
    5.6 District Cooling Market Segmentation
           5.6.1 District Cooling Market, By Production Technique
           5.6.2 District Cooling Market, By Application
           5.6.3 By Region
    5.7 Market Dynamics
           5.7.1 Impact Analysis
                    5.7.1.1 Drivers
                    5.7.1.2 Rapid Urbanization
                    5.7.1.3 Relatively High Temperature in Middle East Region
                    5.7.1.4 Investment on Infrastructure Projects in Developing Economies
           5.7.2 Restraints
                    5.7.2.1 High Upfront Capital Cost
                    5.7.2.2 Non-Synchronized Development Decisions
                    5.7.2.3 Uncertainty and Risk Around Global Economy May Negatively Impact the District Cooling Market Growth
           5.7.3 Opportunities
                    5.7.3.1 Rising Demand for Energy Efficient and Sustainable Means of Cooling Technologies
                    5.7.3.2 Use of Treated Sewage Effluent (TSE) for District Cooling
                               5.7.3.2.1 Treated Sewage Effluent Usage in Gcc Countries
           5.7.4 Challenges
                    5.7.4.1 Difficulty in District Cooling System Implementation
                               5.7.4.1.1 Site Planning and Interfacing Issues
                               5.7.4.1.2 Commercial Challenges
                               5.7.4.1.3 Engineering Challenges
                               5.7.4.1.4 Procurement Challenges
                               5.7.4.1.5 Construction Challenges
                               5.7.4.1.6 Operation Challenges

6 Industry Trends (Page No. - 54)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis: District Cooling
           6.3.1 Threat 0f New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Macroeconomic Indicators
           6.4.1 GDP Growth Rate Forecasts of Major Economies
    6.5 Rise in Residential Construction
    6.6 Increase in Non-Residential Construction and Infrastructure Activities

7 District Cooling Market, By Production Technique (Page No. - 67)
    7.1 Introduction
    7.2 Free Cooling
           7.2.1 Free Cooling: Fuel Source, Applicability Conditions, Benefits, and Examples
           7.2.2 Source of Cold Water
                    7.2.2.1 Water From Lakes
                    7.2.2.2 Water From Sea
           7.2.3 Market Size & Projection, By Region
           7.2.4 Absorption Cooling
                    7.2.4.1 Absorption Cooling: Fuel Source, Applicability Conditions, Benefits, and Examples
                    7.2.4.2 Market Size & Projection, By Region
           7.2.5 Electric Chiller
                    7.2.5.1 Market Size & Projection, By Region

8 District Cooling Market, By Application (Page No. - 76)
    8.1 Introduction
    8.2 Market Size & Projection, By Application
    8.3 Commercial
           8.3.1 Market Size & Projection, By Region
           8.3.2 Healthcare
           8.3.3 Education
           8.3.4 Government
           8.3.5 Office
           8.3.6 Airport
           8.3.7 Retail
    8.4 Residential
           8.4.1 Rising Awareness for Energy Efficiency
           8.4.2 Market Size & Projection, By Region
    8.5 Industrial
           8.5.1 Energy Efficient Cooling Technologies in Industries Would Help to Reduce Operational Cost
           8.5.2 Market Size & Projection, By Region

9 District Cooling Market, By Region (Page No. - 84)
    9.1 Introduction
           9.1.1 Market Size and Projection, By Region
    9.2 Middle East & Africa
           9.2.1 Introduction
                    9.2.1.1 Market Size and Projection, By Country
                    9.2.1.2 Market Size and Projection, By Application
                    9.2.1.3 Saudi Arabia
                               9.2.1.3.1 Market Size and Projection, By Application
                    9.2.1.4 UAE
                               9.2.1.4.1 Market Size and Projection, By Application
                    9.2.1.5 Qatar
                               9.2.1.5.1 Market Size and Projection, By Application
                    9.2.1.6 Bahrain
                               9.2.1.6.1 Market Size and Projection, By Application
                    9.2.1.7 Oman
                               9.2.1.7.1 Market Size and Projection, By Application
                    9.2.1.8 Kuwait
                               9.2.1.8.1 Market Size and Projection, By Application
                    9.2.1.9 Rest of Middle East & Africa
                               9.2.1.9.1 Market Size and Projection, By Application
    9.3 Americas
           9.3.1 Introduction
           9.3.2 Market Size and Projection, By Country
                    9.3.2.1 Market Size and Projection, By Application
                    9.3.2.2 U.S.
                               9.3.2.2.1 Market Size and Projection, By Application
                    9.3.2.3 Canada
                               9.3.2.3.1 Market Size and Projection, By Application
                    9.3.2.4 Rest of America’s
                               9.3.2.4.1 Market Size and Projection, By Application
    9.4 Asia-Pacific
           9.4.1 Introduction
                    9.4.1.1 Market Size and Projection, By Country
                    9.4.1.2 Market Size and Projection, By Application
                    9.4.1.3 China
                               9.4.1.3.1 Market Size and Projection, By Application
                    9.4.1.4 Japan
                               9.4.1.4.1 Market Size and Projection, By Application
                    9.4.1.5 Korea
                               9.4.1.5.1 Market Size and Projection, By Application
                    9.4.1.6 Singapore
                               9.4.1.6.1 Market Size and Projection, By Application
                    9.4.1.7 Malaysia
                               9.4.1.7.1 Market Size and Projection, By Application
                    9.4.1.8 Rest of Asia-Pacific
                               9.4.1.8.1 Market Size and Projection, By Application
    9.5 Europe
           9.5.1 Introduction
                    9.5.1.1 Market Size and Projection, By Country
                    9.5.1.2 Market Size and Projection, By Application
           9.5.2 Sweden
                    9.5.2.1 Market Size and Projection, By Application
                    9.5.2.2 France
                    9.5.2.3 Market Size and Projection, By Application
                    9.5.2.4 Germany
                               9.5.2.4.1 Market Size and Projection, By Application
                    9.5.2.5 Finland
                               9.5.2.5.1 Market Size and Projection, By Application
                    9.5.2.6 Norway
                               9.5.2.6.1 Market Size and Projection, By Application
                    9.5.2.7 Italy
                               9.5.2.7.1 Market Size and Projection, By Application
                    9.5.2.8 Rest of Europe
                               9.5.2.8.1 Market Size and Projection, By Application

10 Competitive Landscape (Page No. - 120)
     10.1 Overview
     10.2 Ranking Analysis
     10.3 Competitive Benchmarking
     10.4 Competitive Situations and Trends
             10.4.1 Contracts & Agreements
             10.4.2 Expansions

11 Company Profiles (Page No. - 126)
     11.1 Emirates Central Cooling System Corporation (Empower)
             11.1.1 Business Overview
             11.1.2 District Cooling Projects
             11.1.3 Recent Developments
             11.1.4 SWOT Analysis
             11.1.5 MnM View
     11.2 National Central Cooling Company PJSC (Tabreed)
             11.2.1 Business Overview
             11.2.2 District Cooling Projects
             11.2.3 Recent Developments
             11.2.4 SWOT Analysis
             11.2.5 MnM View
     11.3 Emirates District Cooling (Emicool), LLC
             11.3.1 Business Overview
             11.3.2 District Cooling Projects
             11.3.3 Recent Developments
             11.3.4 SWOT Analysis
             11.3.5 MnM View
     11.4 Shinryo Corporation
             11.4.1 Business Overview
             11.4.2 District Cooling Projects
             11.4.3 Recent Developments
             11.4.4 SWOT Analysis
             11.4.5 MnM View
     11.5 ADC Energy Systems LLC
             11.5.1 Business Overview
             11.5.2 District Cooling Rojects
             11.5.3 SWOT Analysis
             11.5.4 MnM View
     11.6 Keppel DCHS PTE Ltd
             11.6.1 Business Overview
             11.6.2 District Cooling Projects
             11.6.3 Recent Developments
             11.6.4 SWOT Analysis
             11.6.5 MnM View
     11.7 Logstor A/S
             11.7.1 Business Overview
             11.7.2 District Cooling Projects and Products & Services
                        11.7.2.1 District Cooling Projects
                        11.7.2.2 Products & Services
                        11.7.2.3 District Cooling Pipe Network
             11.7.3 Recent Developments
     11.8 Ramboll Group A/S
             11.8.1 Business Overview
             11.8.2 District Cooling Projects
                        11.8.2.1 Products & Services
             11.8.3 Recent Developments
     11.9 Siemens AG
             11.9.1 Business Overview
             11.9.2 District Cooling Package
     11.10 Stellar Energy
             11.10.1 Business Overview
             11.10.2 District Cooling Projects
     11.11 District Cooling Company LLC
             11.11.1 Business Overview
             11.11.2 Products & Services Offered
     11.12 Other Key Players
             11.12.1 Pal Technology
             11.12.2 Qatar Cool
             11.12.3 DC Pro Engineering
             11.12.4 Danfoss District Energy A/S
             11.12.5 Veolia Systems
             11.12.6 SNC Lavalin
             11.12.7 Marafeq Qatar
             11.12.8 Gas District Cooling (M) SDN BHD
             11.12.9 Fortum
             11.12.10 United Cooling

12 Appendix (Page No. - 166)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (98 Tables)

Table 1 District Cooling Market, By Production Technique
Table 2 District Cooling Market, By Application
Table 3 Treated Sewage Effluent (TSE) vs Potable Water
Table 4 Trends and Forecast of GDP Growth Rate, 2016–2020
Table 5 District Cooling Market Size, By Production Technique, 2014–2021 (KRT)
Table 6 District Cooling Market Size, By Production Technique, 2014–2021 (USD Million)
Table 7 Free Cooling: Fuel Source, Applicability Conditions, Benefits, and Examples
Table 8 Free Cooling : District Cooling Market Size, By Region, 2014–2021 (KRT)
Table 9 Free Cooling: District Cooling Market Size, By Region, 2014–2021 (USD Million)
Table 10 Absorption Cooling: Fuel Source, Applicability Conditions, Benefits, and Examples
Table 11 Absorption Cooling : District Cooling Market Size, By Region, 2014–2021 (KRT)
Table 12 Absorption Cooling: District Cooling Market Size, By Region, 2014–2021 (USD Million)
Table 13 Electric Chillers : Fuel Source, Applicability Conditions, Benefits, and Examples
Table 14 Electric Chiller : District Cooling Market Size, By Region, 2014–2021 (KRT)
Table 15 Electric Chiller : District Cooling Market Size, By Region, 2014–2021 (USD Million)
Table 16 District Cooling Market Size, By Application, 2014–2021 (KRT)
Table 17 District Cooling Market Size, By Application, 2014–2021 (USD Million)
Table 18 District Cooling Market Size for Commercial Application, By Region, 2014–2021 (KRT)
Table 19 District Cooling Market Size for Commercial Application, By Region, 2014–2021 (USD Million)
Table 20 District Cooling Market Size for Residential Application, By Region, 2014–2021 (KRT)
Table 21 District Cooling Market Size for Residential Application, By Region, 2014–2021 (USD Million)
Table 22 District Cooling Market Size for Industrial Application, By Region, 2014–2021 (KRT)
Table 23 District Cooling Market Size for Industrial Application, By Region, 2014–2021 (USD Million)
Table 24 District Cooling Market Size, By Region, 2014–2021 (KRT)
Table 25 District Cooling Market Size, By Region, 2014–2021 (USD Million)
Table 26 Middle East & Africa: District Cooling Market Size, By Country, 2014–2021 (KRT)
Table 27 Middle East & Africa : By Market Size, By Country, 2014–2021 (USD Million)
Table 28 Middle East & Africa : By Market Size, By Application, 2014–2021 (KRT)
Table 29 Middle East & Africa : By Market Size, By Application, 2014–2021 (USD Million)
Table 30 Saudi Arabia: District Cooling Market Size, By Application, 2014–2021 (KRT)
Table 31 Saudi Arabia: By Market Size, By Application, 2014–2021 (USD Million)
Table 32 UAE: District Cooling Market Size, By Application, 2014–2021 (KRT)
Table 33 UAE: By Market Size, By Application, 2014–2021 (USD Million)
Table 34 Qatar: By Market Size, By Application, 2014–2021 (KRT)
Table 35 Qatar: By Market Size, By Application, 2014–2021 (USD Million)
Table 36 Bahrain : District Cooling Market Size, By Application, 2014–2021 (KRT)
Table 37 Bahrain : By Market Size, By Application, 2014–2021 (USD Million)
Table 38 Oman : By Market Size, By Application, 2014–2021 (KRT)
Table 39 Oman : By Market Size, By Application, 2014–2021 (USD Million)
Table 40 Kuwait : By Market Size, By Application, 2014–2021 (KRT)
Table 41 Kuwait : By Market Size, By Application, 2014–2021 (USD Million)
Table 42 Rest of Middle East & Africa : District Cooling Market Size, By Application, 2014–2021 (KRT)
Table 43 Rest of Middle East & Africa : By Market Size, By Application, 2014–2021 (USD Million)
Table 44 America’s : District Cooling Market Size, By Country, 2014–2021 (KRT)
Table 45 America’s : By Market Size, By Country, 2014–2021 (USD Million)
Table 46 America’s : By Market Size, By Application, 2014–2021 (KRT)
Table 47 America’s : By Market Size, By Application, 2014–2026 (USD Million)
Table 48 U.S.: District Cooling Market Size, By Application, 2014–2021 (KRT)
Table 49 U.S.: By Market Size, By Application, 2014–2021 (USD Million)
Table 50 Canada: By Market Size, By Application, 2014–2021 (KRT)
Table 51 Canada: By Market Size, By Application, 2014–2021 (USD Million)
Table 52 Rest of America’s : By Market Size, By Application, 2014–2021 (KRT)
Table 53 Rest of America’s: By Market Size, By Application, 2014–2021 (USD Million)
Table 54 Asia-Pacific: District Cooling Market Size, By Country, 2014–2021 (KRT)
Table 55 Asia-Pacific: By Market Size, By Country, 2014–2021 (USD Million)
Table 56 Asia-Pacific: By Market Size, By Application, 2014–2021 (KRT)
Table 57 Asia-Pacific: By Market Size, By Application, 2014–2021 (USD Million)
Table 58 China: District Cooling Market Size, By Application, 2014–2021 (KRT)
Table 59 China: By Market Size, By Application, 2014–2021 (USD Million)
Table 60 Japan: By Market Size, By Application, 2014–2021 (KRT)
Table 61 Japan: By Market Size, By Application, 2014–2021 (USD Miliion)
Table 62 Korea: By Market Size, By Application, 2014–2021 (KRT)
Table 63 Korea: By Market Size, By Application, 2014–2021 (USD Million)
Table 64 Singapore : District Cooling Market Size, By Application, 2014–2021 (KRT)
Table 65 Singapore : By Market Size, By Application, 2014–2021 (USD Million)
Table 66 Malaysia : By Market Size, By Application, 2014–2021 (KRT)
Table 67 Malaysia : By Market Size, By Application, 2014–2021 (USD Million)
Table 68 Rest of Asia-Pacific: District Cooling Market Size, By Application, 2014–2021 (KRT)
Table 69 Rest of Asia-Pacific: By Market Size, By Application, 2014–2021 (USD Million)
Table 70 Europe: District Cooling Market Size, By Country, 2014–2021 (KRT)
Table 71 Europe: By Market Size, By Country, 2014–2021 (USD Million)
Table 72 Europe: By Market Size, By Application, 2014–2021 (KRT)
Table 73 Europe: By Market Size, By Application, 2014–2021 (USD Million)
Table 74 Sweden : By Market Size, By Application, 2014–2021 (KRT)
Table 75 Sweden : By Market Size, By Application, 2014–2021 (USD Million)
Table 76 France : By Market Size, By Application, 2014–2021 (KRT)
Table 77 France : By Market Size, By Application, 2014–2021 (USD Million)
Table 78 Germany : By Market Size, By Application, 2014–2021 (KRT)
Table 79 Germany : By Market Size, By Application, 2014–2021 (USD Million)
Table 80 Finland : By Market Size, By Application, 2014–2021 (KRT)
Table 81 Finland : By Market Size, By Application, 2014–2021 (USD Million)
Table 82 Norway : By Market Size, By Application, 2014–2021 (KRT)
Table 83 Norway : By Market Size, By Application, 2014–2021 (USD Million)
Table 84 Italy : District Cooling Market Size, By Application, 2014–2021 (KRT)
Table 85 Italy : By Market Size, By Application, 2014–2021 (USD Million)
Table 86 Rest of Europe: By Market Size, By Application, 2014–2021 (KRT)
Table 87 Rest of Europe: By Market Size, By Application, 2014–2021 (USD Million)
Table 88 Emirates Central Cooling System Corporation (Empower) : District Cooling Project (Current)
Table 89 Emirates Central Cooling System Corporation (Empower) : District Cooling Project (In the Pipeline)
Table 90 National Central Cooling Company PJSC (Tabreed) : District Cooling Projects
Table 91 Emirates District Cooling (Emicool), LLC: District Cooling Plant
Table 92 Shinryo Corporation : District Cooling Projects
Table 93 ADC Energy Systems: District Cooling Projects
Table 94 Keppel DCHS PTE Ltd : District Cooling Projects
Table 95 Logstor A/S : District Cooling Projects
Table 96 Ramboll Group A/S: District Cooling Projects
Table 97 Siemens AG : District Cooling Package
Table 98 Stellar Energy : District Cooling Projects


List of Figures (57 Figures)

Figure 1 Global District Cooling Market: Research Design
Figure 2 Breakdown of Primary Interviews
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 District Cooling: Data Triangulation
Figure 6 Commercial to Be Dominant Application Between 2016 and 2021
Figure 7 UAE Accounted for the Largest Share of Middle East District Cooling Market
Figure 8 in Terms of Value Middle East & Africa Leads the District Cooling Market in 2016
Figure 9 U.S. Accounted for the Largest Share of Global District Cooling Market
Figure 10 Saudi Arabia to Be Fastest-Growing Market for District Cooling, Between 2016 and 2021
Figure 11 District Cooling Market Size, 2016 vs 2021 (USD Million)
Figure 12 U.A.E. to Lead District Cooling Market in Middle East, During the Forecast Period
Figure 13 Saudi Arabia to Be Fastest-Growing Market Between 2016 and 2021, in Terms of Value
Figure 14 Commercial Segment Accounted for Largest Market Share in 2015, in Terms of Value
Figure 15 First District Cooling Scheme Was Introduced in 1930
Figure 16 District Cooling Operation Cycle
Figure 17 Phases in Establishment of A District Cooling Project
Figure 18 District Cooling Market, By Application
Figure 19 District Cooling Market, By Region
Figure 20 Impact Analysis of Drivers, Opportunities, Restraints, and Challenges
Figure 21 Urban and Rural Population in 2014
Figure 22 Construction Industry, 2010 vs 2020
Figure 23 Value Chain Analysis of the District Cooling Market
Figure 24 Porter’s Five Forces Analysis of the District Cooling Market
Figure 25 Increase in the Total Expenditure of Middle-Class Families (USD Billion)
Figure 26 Top 10 Countries With the Best Infrastructure in 2015
Figure 27 Global Infrastructural Investments By 2030
Figure 28 District Cooling Market Segments, By Production Technique
Figure 29 Residential Application Projected to Grow at the Highest Growth Rate During the Forecast Period, in Terms of Volume
Figure 30 District Cooling Market Size, By Region, 2016 vs 2021 (USD Million)
Figure 31 UAE to Dominate the District Cooling Market in Middle East & Africa Between 2016 and 2021
Figure 32 America’s District Cooling Market Snapshot: U.S. Commands the Largest Market Share
Figure 33 Asia-Pacific Market Snapshot: Japan Accounted for the Largest Share
Figure 34 Europe District Cooling Market Snapshot: Sweden to Lead Europe’s District Cooling Market
Figure 35 Expansion & Contracts Was the Most Preferred Growth Strategy Adopted By Major Players Between 2012 and 2016
Figure 36 Key Growth Strategies in District Cooling Market, 2012–2016
Figure 37 Major District Cooling Companies in Middle East
Figure 38 Major District Cooling Producers in Middle East
Figure 39 Contracts & Agreements, 2012–2016
Figure 40 Expansions, 2012–2016
Figure 41 Emirates Central Cooling System Corporation (Empower) : Company Snapshot
Figure 42 Emirates Central Cooling System Corporation (Empower): SWOT Analysis
Figure 43 National Central Cooling Company PJSC (Tabreed) : Company Snapshot
Figure 44 National Central Cooling Company PJSC (Tabreed): SWOT Analysis
Figure 45 Emirates District Cooling (Emicool), LLC: Company Snapshot
Figure 46 Emirates District Cooling (Emicool), LLC : SWOT Analysis
Figure 47 Shinryo Corporation: Company Snapshot
Figure 48 Shinryo Corporation : SWOT Analysis
Figure 49 ADC Energy Systems LLC: Company Snapshot
Figure 50 ADC Energy Systems:: SWOT Analysis
Figure 51 Keppel DCHS PTE Ltd : Company Snapshot
Figure 52 Keppel DCHS PTE Ltd: SWOT Analysis
Figure 53 Logstor A/S : Company Snapshot
Figure 54 Ramboll Group A/S: Company Snapshot
Figure 55 Siemens AG : Company Snapshot
Figure 56 Stellar Energy : Company Snapshot
Figure 57 District Cooling Company : Company Snapshot

The district cooling market is expected to grow from an estimated USD 5.13 billion in 2016 to USD 9.53 billion by 2021, at a CAGR of 13.19%. The demand for district cooling is increasing due to the growth in the demand for energy efficient cooling technologies. District cooling helps to reduce greenhouse gas emission and refrigerant usage.

District cooling is the production and distribution of chilled water from a central source to enable air conditioning. Chilled water is produced at a central plant and supplied to customers through an underground insulated pipes network. District cooling is suitable for large-scale, high-density developments such as downtown business districts, airports, military bases, university campuses, residential towers, and commercial establishments.

On the basis of production technique, the absorption cooling segment is estimated to be the most widely used production technique for meeting cooling demand as it utilizes waste energy. Absorption cooling is expected to grow at the highest rate during the forecast period. Absorption cooling is an environment friendly means of cooling. It helps to reduce the use of electrically driven cooling in the energy system and also reduces carbon dioxide emissions.

On the basis of application, the market is segmented into commercial, residential, and industrial. The residential segment is projected to grow at the highest CAGR, due to increase in cooling demand owing to rapid climate change. Rise in global temperature and increase in pollution because of heavy construction activities have resulted in to increase in demand for district cooling in commercial application.

On the basis of regions, the market is segmented into Americas, Europe, Asia-Pacific, and Middle East & Africa. The Middle East & Africa market is projected to grow at the highest rate from 2016 to 2021, as countries in this region are witnessing increase in demand for cooling owing to high temperature and increasing investment on infrastructure projects; this would lead to a high demand for district cooling.

District Cooling Market

District cooling finds major applications in residential, commercial and Industrial projects

Commercial

District cooling systems are widely used in commercial buildings. Offices, shops, airport, retail, government, institutions, and organizations are considered as commercial buildings. The commercial construction market can be further categorized according to construction activities, namely, new construction and remodeling. Commercial buildings have more floor area and the highest total energy consumption than any other building type, creating many opportunities to save energy. District cooling system has become an integral part of commercial structures due to rise in the global temperature and increase in pollution because of heavy construction activities.

Residential

Residential buildings include apartments, condominium, row houses, and individual homes. There is an increase in demand for consumer goods such as air conditioners in the residential sector. As air conditioners consume almost 50% of the total electricity used at homes, there is a rise in demand for energy-efficient cooling technologies such as district cooling. The introduction of smart homes and green building technologies has positively impacted the district cooling market. Increase in disposable income of people, the need for saving energy, and rapid climatic changes are expected to drive the district cooling market in the residential segment.

Industrial

The application of district cooling is more complex in the industrial segment than in the residential and commercial segments. Industrial premises are divided into three areas, namely, production area, office area, and warehousing area. Among the three, the production area has a defined set of requirement for different temperature and different kind of production. Big industries are always looking for ways to reduce the costs by optimizing their energy usage. Industrial buildings require a lot of energy to run their various processes. Use of district cooling in industrial buildings help to reduce costs related to energy wastage. Industrial owners are looking for energy-efficient cooling technologies for warehouses, control rooms, distribution centers, and production facilities to increase the optimum use of energy in these areas.

Critical questions the report answers:

  • Where will all these developments take the industry in the mid to long term?
  • What are the upcoming production techniques for district cooling?

There are certain factors that restrain the growth of the district cooling market. Some of these are, the high upfront capital cost and non-synchronized development decisions.

Contracts & agreements, expansion, and acquisitions were the major strategies adopted by most players in the market. Companies such as, Emirates Central Cooling System Corporation (UAE), National Central Cooling Company PJSC (UAE), and Emirates District Cooling LLC (UAE) were the key players who adopted these strategies to increase their production capacity, customer bases, and to stay ahead of competitors. Companies aim to further increase their production capacity and the geographic presence to cater to the increasing demand of their end customers.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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