District Cooling Market
Global District Cooling Market is projected to achieve a 4.8% CAGR from 2024 to 2032, fueled by advancements in heat pump technologies, increasing residential applications, and the expanding market in the Asia Pacific region. The growth is underpinned by rising urbanization, a focus on energy efficiency, and the need for sustainable cooling solutions in both residential and commercial sectors.
According to the United Nations, 68% of the world population is projected to live in urban areas by 2050, highlighting the increasing demand for efficient cooling solutions. The International Energy Agency reports that energy consumption for cooling is expected to triple by 2050, further driving the need for innovative cooling technologies.
The District Cooling Industry is segmented based on the production technique, application and region.
In terms of the production technique, the heat pumps segment is poised for substantial growth from 2024-2032, attributed to innovations in production techniques. Advances in heat pump technologies, including improvements in compressor efficiency and refrigerant management, are enhancing the performance and reliability of district cooling systems.
These advancements enable heat pumps to deliver higher efficiency and lower operational costs, making them a preferred choice for modern cooling applications. The ongoing development in production methods ensures the delivery of state-of-the-art solutions, driving the expansion of the heat pumps segment within the district cooling market.
The residential application segment is expected to experience notable growth by 2032, driven by an increasing demand for efficient cooling solutions in residential settings. As urban areas expand and the number of residential buildings rises, there is a growing need for district cooling systems that offer energy efficiency and environmental benefits. The adoption of district cooling in residential applications is supported by its ability to provide uniform cooling, reduce energy consumption, and lower greenhouse gas emissions. This shift towards sustainable cooling solutions in homes is propelling the growth of the residential segment.
Europe District Cooling Market is expected to exhibit a substantial expansion from 2024 to 2032. A strong commitment to reducing carbon emissions and enhancing energy efficiency drives the adoption of these cooling systems. Investments in renewable energy sources and stringent environmental regulations will further boost market outlook. The increasing demand for sustainable and cost-effective cooling solutions in urban areas supports the growth of district cooling infrastructure. The presence of advanced economies and supportive government policies in Europe contribute to the region’s strong market performance.
- Chapter 1 Research Methodology
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Market estimates & forecast parameters
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
- Chapter 2 Exclusive Summary
- 2.1 Industry snapshot
- 2.1.1 Business trends
- 2.1.2 Regional trends
- 2.1.3 Production technique trends
- 2.1.4 Application trends
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.2.1 North America
- 3.2.1.1 State Energy Policy
- 3.2.1.2 Policy Recommendations to Increase Use of District Energy Systems (DES)
- 3.2.1.3 Federal Policy
- 3.2.1.4 U.S.
- 3.2.1.4.1 New California Building Efficiency Standards
- 3.2.1.4.2 Virginia Public Utility Regulation
- 3.2.1.5 Canada
- 3.2.1.5.1 Energy Efficiency Act
- 3.2.2 Europe
- 3.2.2.1 EU Winter/Clean Energy Package
- 3.2.2.1.1 Energy Efficiency Directive
- 3.2.2.2 Germany
- 3.2.2.2.2 Market Incentive Programme/ Federal Funding Scheme für energy-efficient Buildings
- 3.2.2.3 Denmark
- 3.2.2.3.1 The District Cooling Act
- 3.2.2.1 France
- 3.2.2.1.1 Energy Transition Act, 2015
- 3.2.2.2 Norway
- 3.2.2.2.1 Net Energy Requirement for Buildings
- 3.2.2.3 Finland
- 3.2.2.3.1 Long Term Energy and Climate Goals
- 3.2.3 Asia Pacific
- 3.2.3.1 China
- 3.2.3.1.1 District cooling in People's Republic of China (PRC)
- 3.2.3.1.2 China building energy codes
- 3.2.3.1.3 China's HSWW standard
- 3.2.3.2 Singapore
- 3.2.3.2.1 District Cooling Act 2002
- 3.2.3.2.2 District Cooling Services Supply Code
- 3.2.3.3 Thailand
- 3.2.3.3.1 Energy Efficiency Plan 2018
- 3.2.3.4 India
- 3.2.3.4.1 The initiative in India
- 3.2.3.4.1.1 National Steering Committee
- 3.2.4 Middle East
- 3.2.4.1 Oman
- 3.2.4.2 UAE
- 3.2.4.2.1 Abu Dhabi
- 3.2.4.3 Qatar
- 3.2.4.3.1 Low-voltage Electricity & Water Installations Regulations
- 3.2.4.3.1.1 District Cooling Design and Water Management Code 2016
- 3.2.4.4 Saudi Arabia
- 3.3 Average consumption charges, by country, 2023, (USD/TJ)
- 3.4 Market pricing strategies across the district cooling industry
- 3.4.1 Cost-plus pricing
- 3.4.1.1 Strengths
- 3.4.1.2 Weakness
- 3.4.2 Demand-based pricing
- 3.4.2.1 Strengths
- 3.4.2.2 Weakness
- 3.4.3 Time-of-use (TOU) pricing
- 3.4.3.1 Strengths
- 3.4.3.2 Weakness
- 3.4.4 Tiered pricing
- 3.4.4.1 Strengths
- 3.4.4.2 Weakness
- 3.4.5 Flat-rate pricing
- 3.4.5.1 Strengths
- 3.4.5.2 Weakness
- 3.4.6 Value based pricing
- 3.4.6.1 Strengths
- 3.4.6.2 Weakness
- 3.4.7 Dynamic pricing
- 3.4.7.1 Strengths
- 3.4.7.2 Weakness
- 3.4.8 Environmental incentive pricing
- 3.4.8.1 Strengths
- 3.4.8.2 Weakness
- 3.5 Industry impact forces
- 3.5.1 Growth drivers
- 3.5.1.1 Growing focus toward the adoption of sustainable energy
- 3.5.1.2 Rapid urbanization and industrialization
- 3.5.1.3 Rising infrastructural spending
- 3.5.1.4 Extreme climatic conditions
- 3.5.2 Industry pitfalls & challenges
- 3.5.2.1 High capital cost
- 3.6 Growth potential analysis
- 3.7 Porter's Analysis
- 3.7.1 Bargaining power of suppliers
- 3.7.2 Bargaining power of buyers
- 3.7.3 Threat of new entrants
- 3.7.4 Threat of substitutes
- 3.8 PESTEL Analysis
- Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 Strategy dashboard
- 4.2.1 Emicool
- 4.2.1.1 Award/recognition
- 4.2.1.2 Acquisition
- 4.2.1.3 Product launch
- 4.2.1.4 Business development
- 4.2.1.5 Collaboration
- 4.2.1.6 Installation/supply
- 4.2.1.7 Milestone
- 4.2.2 Empower
- 4.2.2.1 Installation/supply
- 4.2.2.2 Business expansion
- 4.2.2.3 Agreement
- 4.2.2.4 Acquisition
- 4.2.2.5 Awards/recognition
- 4.2.2.6 Supply/installation
- 4.2.2.7 Product launch
- 4.2.2.8 Collaboration
- 4.2.3 Ramboll Group A/S
- 4.2.3.1 Partnership
- 4.2.4 Siemens
- 4.2.4.1 Installation/supply
- 4.2.4.2 Collaboration
- 4.2.5 Shinryo Corporation
- 4.2.5.1 Acquisition
- 4.2.6 Keppel Corporation Limited
- 4.2.6.1 Contract
- 4.2.6.2 Product launch
- 4.2.6.3 Acquisition
- 4.2.7 Danfoss
- 4.2.7.1 Partnership
- 4.2.7.2 Acquisition
- 4.2.8 AtkinsRealis
- 4.2.8.1 Contract
- 4.2.9 ENGIE
- 4.2.9.1 Contract
- 4.2.10 Helen Ltd.
- 4.2.10.1 Project development
- 4.2.11 SP Group
- 4.2.11.1 Contract
- 4.2.11.2 Partnership
- 4.2.11.3 Business expansion
- 4.2.11.4 Project development
- 4.2.11.5 Joint venture
- 4.2.11.6 Installation/supply
- 4.2.11.7 Acquisition
- 4.2.12 Tabreed
- 4.2.12.1 Business expansion
- 4.2.12.2 Partnership
- 4.2.12.3 Project development
- 4.2.12.4 Memorandum of understanding
- 4.2.12.5 Collaboration
- 4.2.12.6 Agreement
- 4.2.12.7 Acquisition
- 4.2.13 Veolia
- 4.2.13.1 Divesture
- 4.2.14 Wein Energie GmbH
- 4.2.14.1 Business expansion
- 4.3 Innovation & sustainability landscape
- 4.3.1 Siemens
- 4.3.2 Tabreed
- 4.3.3 Emicool
- 4.3.4 Empower
- 4.3.5 Keppel Corporation Limited
- 4.3.6 Danfoss
- 4.3.7 ENGIE
- 4.3.8 SP Group
- 4.3.9 Stellar Energy International
- 4.3.10 Carrier
- Chapter 5 Market, By Production Technique
- 5.1 Key trends
- 5.2 Free cooling
- 5.3 Absorption cooling
- 5.4 Heat pumps
- 5.5 Electric chillers
- Chapter 6 Market, By Application
- 6.1 Key trends
- 6.2 Residential
- 6.3 Commercial
- 6.4 Industrial
- Chapter 7 Market, By Region
- 7.1 Key trends
- 7.2 North America
- 7.3 Europe
- 7.4 Asia Pacific
- 7.5 Middle East
- 7.6 Rest of World
- Chapter 8 Company Profiles
- 8.1 ALFA LAVAL
- 8.1.1 Global Overview
- 8.1.2 Market/Business Overview
- 8.1.3 Financial Data
- 8.1.4 Product Landscape
- 8.1.5 SWOT Analysis
- 8.2 AtkinsRealis
- 8.2.1 Global Overview
- 8.2.2 Market/Business Overview
- 8.2.3 Financial Data
- 8.2.4 Product Landscape
- 8.2.5 Strategic Outlook
- 8.2.6 SWOT Analysis
- 8.3 Carrier
- 8.3.1 Global Overview
- 8.3.2 Market/Business Overview
- 8.3.3 Financial Data
- 8.3.4 Product Landscape
- 8.3.5 Strategic Outlook
- 8.3.6 SWOT Analysis
- 8.4 Cetetherm
- 8.4.1 Global Overview
- 8.4.2 Market/Business Overview
- 8.4.3 Financial Data
- 8.4.4 Product Landscape
- 8.4.5 SWOT Analysis
- 8.5 Danfoss
- 8.5.1 Global Overview
- 8.5.2 Business Overview
- 8.5.3 Financial Data
- 8.5.4 Product Landscape
- 8.5.5 Strategic Outlook
- 8.5.6 SWOT Analysis
- 8.6 DC Pro Engineering
- 8.6.1 Global Overview
- 8.6.2 Business Overview
- 8.6.3 Financial Data
- 8.6.4 Product Landscape
- 8.6.5 SWOT Analysis
- 8.7 ENGIE
- 8.7.1 Global Overview
- 8.7.2 Market/Business Overview
- 8.7.3 Financial Data
- 8.7.4 Product landscape
- 8.7.5 Strategic Outlook
- 8.7.6 SWOT Analysis
- 8.8 Emicool
- 8.8.1 Global Overview
- 8.8.2 Business Overview
- 8.8.3 Financial Data
- 8.8.4 Product Landscape
- 8.8.5 Strategic Outlook
- 8.8.6 SWOT Analysis
- 8.9 Empower
- 8.9.1 Global Overview
- 8.9.2 Business Overview
- 8.9.3 Financial Data
- 8.9.4 Product Landscape
- 8.9.5 Strategic Outlook
- 8.9.6 SWOT Analysis
- 8.10 Goteborg Energi
- 8.10.1 Global Overview
- 8.10.2 Business Overview
- 8.10.3 Financial Data
- 8.10.4 Product Landscape
- 8.10.5 SWOT Analysis
- 8.11 Helen Oy
- 8.11.1 Global Overview
- 8.11.2 Market/Business Overview
- 8.11.3 Financial Data
- 8.11.4 Product Landscape
- 8.11.5 Strategic Outlook
- 8.11.6 SWOT Analysis
- 8.12 Keppel Corporation Limited
- 8.12.1 Global Overview
- 8.12.2 Business Overview
- 8.12.3 Financial Data
- 8.12.4 Product Landscape
- 8.12.5 Strategic Outlook
- 8.12.6 SWOT Analysis
- 8.13 LOGSTOR A/S
- 8.13.1 Global Overview
- 8.13.2 Business Overview
- 8.13.3 Financial Data
- 8.13.4 Product Landscape
- 8.13.5 SWOT Analysis
- 8.14 Marafeq Qatar
- 8.14.1 Global Overview
- 8.14.2 Business Overview
- 8.14.3 Financial Data
- 8.14.4 Product Landscape
- 8.14.5 SWOT Analysis
- 8.15 Ramboll Group A/S
- 8.15.1 Global Overview
- 8.15.2 Business Overview
- 8.15.3 Financial Data
- 8.15.4 Product Landscape
- 8.15.5 SWOT Analysis
- 8.16 Shinryo Corporation
- 8.16.1 Global Overview
- 8.16.2 Business Overview
- 8.16.3 Financial Data
- 8.16.4 Product Landscape
- 8.16.5 SWOT Analysis
- 8.17 Siemens
- 8.17.1 Global overview
- 8.17.2 Market/Business Overview
- 8.17.3 Financial Data
- 8.17.4 Product Landscape
- 8.17.5 Strategic Outlook
- 8.17.6 SWOT Analysis
- 8.18 SP Group
- 8.18.1 Global Overview
- 8.18.2 Market/Business Overview
- 8.18.3 Financial Data
- 8.18.4 Product Landscape
- 8.18.5 Strategic Outlook
- 8.18.6 SWOT Analysis
- 8.19 Stellar Energy International
- 8.19.1 Global Overview
- 8.19.2 Market/Business Overview
- 8.19.3 Financial Data
- 8.19.4 Product Landscape
- 8.19.5 Strategic Outlook
- 8.19.6 SWOT Analysis
- 8.20 Tabreed
- 8.20.1 Global Overview
- 8.20.2 Market/Business Overview
- 8.20.3 Financial Data
- 8.20.4 Product Landscape
- 8.20.5 Strategic Outlook
- 8.20.6 SWOT Analysis
- 8.21 Vattenfall AB
- 8.21.1 Global Overview
- 8.21.2 Business Overview
- 8.21.3 Financial Data
- 8.21.4 Product Landscape
- 8.21.5 Strategic Outlook
- 8.21.6 SWOT Analysis
- 8.22 Veolia
- 8.22.1 Global Overview
- 8.22.2 Market/Business Overview
- 8.22.3 Financial Data
- 8.22.4 Product Landscape
- 8.22.5 Strategic Outlook
- 8.22.6 SWOT Analysis
- 8.23 Wein Energie GmbH
- 8.23.1 Global Overview
- 8.23.2 Market/Business Overview
- 8.23.3 Financial Data
- 8.23.4 Product Landscape
- 8.23.5 Strategic Outlook
- 8.23.6 SWOT Analysis
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