HOME Research Insight Market Leader - District Cooling Market

Market Leader - District Cooling Market

The district cooling market is projected to grow from USD 5.41 Billion in 2016 to USD 9.54 Billion by 2021, at a CAGR of 13.19% from 2016 to 2021. The demand for district cooling is increasing due to the growth in the demand for energy efficient cooling technologies. District cooling helps reduce greenhouse gas emission and refrigerant usage as compared to that of conventional cooling.

 Some of the major players operating in this market include District Cooling (UAE), National Central Cooling Company PJSC (UAE), Emirates Central Cooling System Corporation (UAE), ADC Energy Systems LLC (UAE), Keppel DHCS Pte Ltd (Singapore), Logstor A/S (Denmark), Siemens AG (Germany), Ramboll Group A/S (Denmark), Shinryo Corporation (Japan), District Cooling Company LLC (UAE), Stellar Energy (U.S.). These players have adopted various strategies to expand their global presence and increase their market shares.

The growth of the district cooling market was largely influenced by expansions and contracts & agreements during the past five years. Expansions, contracts & agreements, acquisitions, partnerships, and joint venture, are some of the strategies adopted by these players to achieve growth in the market. Companies such as Emirates Central Cooling System Corporation (UAE), National Central Cooling Company PJSC (UAE), and Emirates District Cooling LLC (UAE) adopted strategies such as expansions and contacts & agreements to strengthen their market position and increase their production capacity.

Emirates Central Cooling Systems Corporation (Empower), the leading district cooling company, adopted various strategies such as contracts & agreements and expansions to increase its production capacity. For instance, in January 2014, EMPOWER acquired Palm Utilities (Dubai, UAE) worth USD 500 Million which enabled it to increase its production capacity and strengthen its market presence. . The company also underwent strategic expansions, by expanding its production capacities in Business Bay (Dubai, UAE). The company is strengthening its market, hold, and brand portfolio across UAE and is also expanding its operations to other nations such as the GCC countries.

National Central Cooling Company PJSC (Tabreed) is expanding its production capacity in GCC countries. The company is currently deepening its roots in GCC countries to exploit the potential of the district cooling market. For instance, National Central Cooling Company PJSC (Tabreed) signed a contract with Qatar Cool for the construction of a fourth district cooling plant in the State of Qatar in May 2014. This contract enable the company to expand its market and strengthen its foothold in GCC.  In the coming years, the company plans to expand its reach to other geographies with its experienced business units and rich brand portfolio.  

Related Reports:

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

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