Asia Pacific District Cooling Market, By Technology (Electric Chillers, Heat Pumps, Absorption Chillers, Free Cooling); By Usage (Storage, Production, Distribution); By Application (Commercial, Residential, Industrial); By Country (China, India, Japan, So

Asia Pacific District Cooling Market, By Technology (Electric Chillers, Heat Pumps, Absorption Chillers, Free Cooling); By Usage (Storage, Production, Distribution); By Application (Commercial, Residential, Industrial); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC), Competitive Landscape & Forecast, 2019–2029


Asia-Pacific District Cooling Market Size Almost Doubles at Robust CAGR of 12.18% to Reach USD 9.82 Billion by 2029

Asia-Pacific district cooling market is flourishing due to rapid urbanization, increasing demand for energy efficiency and sustainability, extreme weather conditions, and governments’ initiatives promoting environmentally friendly cooling solutions.

BlueWeave Consulting, a leading strategic consulting, and market research firm, in its recent study, estimated the Asia-Pacific district cooling market size at USD 4.93 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Asia-Pacific district cooling market size to grow at a robust CAGR of 12.18% reaching a value of USD 9.82 billion by 2029. The Asia-Pacific district cooling market is driven by several key factors. Rapid urbanization and population growth in the region have led to an increased demand for air conditioning and cooling services in commercial and residential buildings. Rising awareness about energy efficiency and environmental concerns is promoting the adoption of district cooling systems as a sustainable alternative to traditional cooling methods. Government initiatives and regulations aimed at reducing greenhouse gas emissions are further incentivizing the market. Also, the need for reliable and cost-effective cooling solutions in industries such as data centers and manufacturing is propelling the growth of the district cooling market in the Asia-Pacific region.

Asia-Pacific District Cooling Market – Overview

District cooling is an energy-efficient method of air conditioning that centralizes the production and distribution of chilled water to cool multiple buildings. A central cooling plant generates chilled water, which is then circulated through a network of insulated pipes to various buildings for cooling purposes. This system reduces energy consumption, greenhouse gas emissions, and maintenance costs compared to individual cooling units in each building. District cooling is particularly beneficial in densely populated urban areas and regions with high cooling demands, promoting sustainability and environmental conservation by optimizing the use of resources for cooling while offering economic advantages for both providers and consumers.

Impact of COVID-19 on Asia-Pacific District Cooling Market

COVID-19 pandemic significantly impacted Asia-Pacific district cooling market. Lockdowns and reduced economic activity resulted in lower energy demands, affecting the need for district cooling systems in commercial and industrial sectors. Construction projects were delayed or scaled back, impacting the expansion of district cooling infrastructure. Also, supply chain disruptions and workforce challenges hindered project execution. However, the pandemic also highlighted the importance of reliable and efficient cooling systems for healthcare facilities and data centers. As economies recover and adapt to the new normal, the Asia-Pacific district cooling market is expected to rebound, driven by sustainability goals and resilience planning.

Asia-Pacific District Cooling Market – By Application

By application, Asia-Pacific district cooling market is divided into Commercial, Residential, and Industrial segments. The commercial segment stands out as the largest. This segment primarily caters to businesses, office complexes, and commercial establishments, driving the demand for district cooling systems to maintain comfortable indoor environments efficiently. The rising number of commercial properties, coupled with the growing awareness of energy-efficient cooling solutions, has led to the prominence of the commercial segment in the market. As businesses prioritize sustainability and cost-effectiveness, district cooling systems in the commercial sector continue to witness robust growth and offer significant growth opportunities for market players in the Asia-Pacific region.

Competitive Landscape

Asia-Pacific district cooling market is fiercely competitive. Major companies in the market include Daikin Industries, Johnson Controls, Carrie, Hitachi Cooling & Heating, Mitsubishi Electric, LG Electronics, Siemens, Veolia, Panasonic Corporation, and Engie Group. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Asia-Pacific district cooling market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Asia-Pacific District Cooling Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Asia-Pacific District Cooling Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Asia-Pacific District Cooling Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing demand for environment friendly products
3.2.1.2. Rising energy demand
3.2.2. Restraints
3.2.2.1. High initial investment costs
3.2.2.2. Insufficiency in raw material demand and supply
3.2.3. Opportunities
3.2.3.1. Increasing investment by the government for research and development activities
3.2.3.2. Suring technological advancements
3.2.4. Challenges
3.2.4.1. Lack of awareness about the benefits of district cooling systems
3.2.4.2. Limited availability of cooling resources
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Asia-Pacific District Cooling Market Overview
4.1. Market Size & Forecast by Value & Volume, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Technology
4.2.1.1. Electric Chillers
4.2.1.2. Heat Pumps
4.2.1.3. Absorption Chillers
4.2.1.4. Free Cooling
4.2.1.5. Others
4.2.2. By Usage
4.2.2.1. Storage
4.2.2.2. Production
4.2.2.3. Distribution
4.2.3. By Application
4.2.3.1. Commercial
4.2.3.2. Residential
4.2.3.3. Industrial
4.2.4. By Country
4.2.4.1. China
4.2.4.2. India
4.2.4.3. Japan
4.2.4.4. South Korea
4.2.4.5. Australia & New Zealand
4.2.4.6. Indonesia
4.2.4.7. Malaysia
4.2.4.8. Singapore
4.2.4.9. Vietnam
4.2.4.10. Rest of APAC
5. China District Cooling Market Overview
5.1. Market Size & Forecast by Value & Volume, 2019–2029
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Technology
5.2.2. By Usage
5.2.3. By Application
6. India District Cooling Market Overview
6.1. Market Size & Forecast by Value & Volume, 2019–2029
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Technology
6.2.2. By Usage
6.2.3. By Application
7. Japan District Cooling Market Overview
7.1. Market Size & Forecast by Value & Volume, 2019–2029
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Technology
7.2.2. By Usage
7.2.3. By Application
8. South Korea District Cooling Market Overview
8.1. Market Size & Forecast by Value & Volume, 2019–2029
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Technology
8.2.2. By Usage
8.2.3. By Application
9. Australia & New Zealand District Cooling Market Overview
9.1. Market Size & Forecast by Value & Volume, 2019–2029
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Technology
9.2.2. By Usage
9.2.3. By Application
10. Indonesia District Cooling Market Overview
10.1. Market Size & Forecast by Value & Volume, 2019–2029
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Technology
10.2.2. By Usage
10.2.3. By Application
11. Malaysia District Cooling Market Overview
11.1. Market Size & Forecast by Value & Volume, 2019–2029
11.1.1. By Value (USD Million)
11.2. Market Share & Forecast
11.2.1. By Technology
11.2.2. By Usage
11.2.3. By Application
12. Singapore District Cooling Market Overview
12.1. Market Size & Forecast by Value & Volume, 2019–2029
12.1.1. By Value (USD Million)
12.2. Market Share & Forecast
12.2.1. By Technology
12.2.2. By Usage
12.2.3. By Application
13. Vietnam District Cooling Market Overview
13.1. Market Size & Forecast by Value & Volume, 2019–2029
13.1.1. By Value (USD Million)
13.2. Market Share & Forecast
13.2.1. By Technology
13.2.2. By Usage
13.2.3. By Application
14. Rest of APAC District Cooling Market Overview
14.1. Market Size & Forecast by Value & Volume, 2019–2029
14.1.1. By Value (USD Million)
14.2. Market Share & Forecast
14.2.1. By Technology
14.2.2. By Usage
14.2.3. By Application
15. Competitive Landscape
15.1. List of Key Players and Their Offerings
15.2. Asia-Pacific District Cooling Company Market Share Analysis, 2022
15.3. Competitive Benchmarking, By Operating Parameters
15.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
16. Impact of COVID-19 on Asia-Pacific District Cooling Market
17. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
17.1. Daikin Industries
17.2. Johnson Controls
17.3. Carrie
17.4. Hitachi Cooling & Heating
17.5. Mitsubishi Electric
17.6. LG Electronics
17.7. Siemens
17.8. Veolia
17.9. Panasonic Corporation
17.10. Engie Group
17.11. Other Prominent Players
18. Key Strategic Recommendations
19. Research Methodology
19.1. Qualitative Research
19.1.1. Primary & Secondary Research
19.2. Quantitative Research
19.3. Market Breakdown & Data Triangulation
19.3.1. Secondary Research
19.3.2. Primary Research
19.4. Breakdown of Primary Research Respondents, By Region
19.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 Asia-Pacific District Cooling Market Segmentation
Figure 2 Asia-Pacific District Cooling Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Asia-Pacific District Cooling Market Size, By Value (USD Million), 2019–2029
Figure 5 Asia-Pacific District Cooling Market Share, By Technology, By Value, 2019–2029
Figure 6 Asia-Pacific District Cooling Market Share, By Usage, By Value, 2019–2029
Figure 7 Asia-Pacific District Cooling Market Share, By Application, By Value, 2019–2029
Figure 8 Asia-Pacific District Cooling Market Share, By Country, By Value, 2019–2029
Figure 9 China District Cooling Market Size, By Value (USD Million), 2019–2029
Figure 10 China District Cooling Market Share, By Technology, By Value, 2019–2029
Figure 11 China District Cooling Market Share, By Usage, By Value, 2019–2029
Figure 12 China District Cooling Market Share, By Application, By Value, 2019–2029
Figure 13 India District Cooling Market Size, By Value (USD Million), 2019–2029
Figure 14 India District Cooling Market Share, By Technology, By Value, 2019–2029
Figure 15 India District Cooling Market Share, By Usage, By Value, 2019–2029
Figure 16 India District Cooling Market Share, By Application, By Value, 2019–2029
Figure 17 Japan District Cooling Market Size, By Value (USD Million), 2019–2029
Figure 18 Japan District Cooling Market Share, By Technology, By Value, 2019–2029
Figure 19 Japan District Cooling Market Share, By Usage, By Value, 2019–2029
Figure 20 Japan District Cooling Market Share, By Application, By Value, 2019–2029
Figure 21 South Korea District Cooling Market Size, By Value (USD Million), 2019–2029
Figure 22 South Korea District Cooling Market Share, By Technology, By Value, 2019–2029
Figure 23 South Korea District Cooling Market Share, By Usage, By Value, 2019–2029
Figure 24 South Korea District Cooling Market Share, By Application, By Value, 2019–2029
Figure 25 Australia & New Zealand District Cooling Market Size, By Value (USD Million), 2019–2029
Figure 26 Australia & New Zealand District Cooling Market Share, By Technology, By Value, 2019–2029
Figure 27 Australia & New Zealand District Cooling Market Share, By Usage, By Value, 2019–2029
Figure 28 Australia & New Zealand District Cooling Market Share, By Application, By Value, 2019–2029
Figure 29 Indonesia District Cooling Market Size, By Value (USD Million), 2019–2029
Figure 30 Indonesia District Cooling Market Share, By Technology, By Value, 2019–2029
Figure 31 Indonesia District Cooling Market Share, By Usage, By Value, 2019–2029
Figure 32 Indonesia District Cooling Market Share, By Application, By Value, 2019–2029
Figure 33 Malaysia District Cooling Market Size, By Value (USD Million), 2019–2029
Figure 34 Malaysia District Cooling Market Share, By Technology, By Value, 2019–2029
Figure 35 Malaysia District Cooling Market Share, By Usage, By Value, 2019–2029
Figure 36 Malaysia District Cooling Market Share, By Application, By Value, 2019–2029
Figure 37 Singapore District Cooling Market Size, By Value (USD Million), 2019–2029
Figure 38 Singapore District Cooling Market Share, By Technology, By Value, 2019–2029
Figure 39 Singapore District Cooling Market Share, By Usage, By Value, 2019–2029
Figure 40 Singapore District Cooling Market Share, By Application, By Value, 2019–2029
Figure 41 Vietnam District Cooling Market Size, By Value (USD Million), 2019–2029
Figure 42 Vietnam District Cooling Market Share, By Technology, By Value, 2019–2029
Figure 43 Vietnam District Cooling Market Share, By Usage, By Value, 2019–2029
Figure 44 Vietnam District Cooling Market Share, By Application, By Value, 2019–2029
Figure 45 Rest of APAC District Cooling Market Size, By Value (USD Million), 2019–2029
Figure 46 Rest of APAC District Cooling Market Share, By Technology, By Value, 2019–2029
Figure 47 Rest of APAC District Cooling Market Share, By Usage, By Value, 2019–2029
Figure 48 Rest of APAC District Cooling Market Share, By Application, By Value, 2019–2029
List of Tables
Table 1 Asia-Pacific District Cooling Market Size, By Value (USD Million), 2019–2029
Table 2 Asia-Pacific District Cooling Market Size, By Technology, By Value, 2019–2029
Table 3 Asia-Pacific District Cooling Market Size, By Usage, By Value, 2019–2029
Table 4 Asia-Pacific District Cooling Market Size, By Application, By Value, 2019–2029
Table 5 Asia-Pacific District Cooling Market Size, By Country, By Value, 2019–2029
Table 6 China District Cooling Market Size, By Value (USD Million), 2019–2029
Table 7 China District Cooling Market Size, By Technology, By Value, 2019–2029
Table 8 China District Cooling Market Size, By Usage, By Value, 2019–2029
Table 9 China District Cooling Market Size, By Application, By Value, 2019–2029
Table 10 India District Cooling Market Size, By Value (USD Million), 2019–2029
Table 11 India District Cooling Market Size, By Technology, By Value, 2019–2029
Table 12 India District Cooling Market Size, By Usage, By Value, 2019–2029
Table 13 India District Cooling Market Size, By Application, By Value, 2019–2029
Table 14 Japan District Cooling Market Size, By Value (USD Million), 2019–2029
Table 15 Japan District Cooling Market Size, By Technology, By Value, 2019–2029
Table 16 Japan District Cooling Market Size, By Usage, By Value, 2019–2029
Table 17 Japan District Cooling Market Size, By Application, By Value, 2019–2029
Table 18 South Korea District Cooling Market Size, By Value (USD Million), 2019–2029
Table 19 South Korea District Cooling Market Size, By Technology, By Value, 2019–2029
Table 20 South Korea District Cooling Market Size, By Usage, By Value, 2019–2029
Table 21 South Korea District Cooling Market Size, By Application, By Value, 2019–2029
Table 22 Australia & New Zealand District Cooling Market Size, By Value (USD Million), 2019–2029
Table 23 Australia & New Zealand District Cooling Market Size, By Technology, By Value, 2019–2029
Table 24 Australia & New Zealand District Cooling Market Size, By Usage, By Value, 2019–2029
Table 25 Australia & New Zealand District Cooling Market Size, By Application, By Value, 2019–2029
Table 26 Indonesia District Cooling Market Size, By Value (USD Million), 2019–2029
Table 27 Indonesia District Cooling Market Size, By Technology, By Value, 2019–2029
Table 28 Indonesia District Cooling Market Size, By Usage, By Value, 2019–2029
Table 29 Indonesia District Cooling Market Size, By Application, By Value, 2019–2029
Table 30 Malaysia District Cooling Market Size, By Value (USD Million), 2019–2029
Table 31 Malaysia District Cooling Market Size, By Technology, By Value, 2019–2029
Table 32 Malaysia District Cooling Market Size, By Usage, By Value, 2019–2029
Table 33 Malaysia District Cooling Market Size, By Application, By Value, 2019–2029
Table 34 Singapore District Cooling Market Size, By Value (USD Million), 2019–2029
Table 35 Singapore District Cooling Market Size, By Technology, By Value, 2019–2029
Table 36 Singapore District Cooling Market Size, By Usage, By Value, 2019–2029
Table 37 Singapore District Cooling Market Size, By Application, By Value, 2019–2029
Table 38 Vietnam District Cooling Market Size, By Value (USD Million), 2019–2029
Table 39 Vietnam District Cooling Market Size, By Technology, By Value, 2019–2029
Table 40 Vietnam District Cooling Market Size, By Usage, By Value, 2019–2029
Table 41 Vietnam District Cooling Market Size, By Application, By Value, 2019–2029
Table 42 Rest of APAC District Cooling Market Size, By Value (USD Million), 2019–2029
Table 43 Rest of APAC District Cooling Market Size, By Technology, By Value, 2019–2029
Table 44 Rest of APAC District Cooling Market Size, By Usage, By Value, 2019–2029
Table 45 Rest of APAC District Cooling Market Size, By Application, By Value, 2019–2029
Table 46 Daikin Industries Company Overview
Table 47 Daikin Industries Financial Overview
Table 48 Johnson Controls Company Overview
Table 49 Johnson Controls Financial Overview
Table 50 Carrie Company Overview
Table 51 Carrie Financial Overview
Table 52 Hitachi Cooling & Heating Company Overview
Table 53 Hitachi Cooling & Heating Financial Overview
Table 54 Mitsubishi Electric Company Overview
Table 55 Mitsubishi Electric Financial Overview
Table 56 LG Electronics Company Overview
Table 57 LG Electronics Financial Overview
Table 58 Siemens Company Overview
Table 59 Siemens Financial Overview
Table 60 Veolia Company Overview
Table 61 Veolia Financial Overview
Table 62 Panasonic Corporation Company Overview
Table 63 Panasonic Corporation Financial Overview
Table 64 Engie Group Company Overview
Table 65 Engie Group Financial Overview

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings