Global District Cooling Market 2024-2028
Global District Cooling Market 2024-2028
The district cooling market is forecasted to grow by USD 12.2 bn during 2023-2028, accelerating at a CAGR of 7.13% during the forecast period. The report on the district cooling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing global population and rapid urbanization, growing investments in infrastructure projects in developing economies, and benefits of district cooling over traditional cooling systems.
Technavio's district cooling market is segmented as below:
- By Product Type
- Electric chillers
- Free cooling
- Absorption cooling
- By End-user
- Commercial
- Industrial
- Residential
- By Geographical Landscape
- Middle East and Africa
- North America
- Europe
- APAC
- South America
This study identifies the technological advancements in district cooling systems as one of the prime reasons driving the district cooling market growth during the next few years. Also, use of treated sewage effluents (tse) in district cooling systems and increase in strategic partnerships among vendors to reduce energy consumption, lower carbon emissions, and improve air quality will lead to sizable demand in the market.
The report on the district cooling market covers the following areas:
- District cooling market sizing
- District cooling market forecast
- District cooling market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading district cooling market vendors that include ADC Energy Systems, Alfa Laval AB, Avanceon Ltd., Danfoss AS, DESMI AS, Electricite de France SA, Emicool, Emirates Central Cooling Systems Corporation PJSC, ENGIE SA, Fortum Oyj, Johnson Controls International Plc., Keppel Ltd, LOGSTOR Denmark Holding ApS, National Central Cooling Company PJSC, Ramboll Group AS, Shinryo Corp, Siemens AG, SNC LAVALIN, Sojitz Corp., SP Group, Trane Technologies plc, and Veolia Environnement SA. Also, the district cooling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.