District Cooling Market Size, Share, By Source (Fossil Fuels, Renewable Energy, and Others), Production Techniques (Free Cooling, Absorption Cooling, Electric Chillers, and Others), Cooling Medium (Water, Brine, Refrigerants, Thermal Energy Storage, and O

District Cooling Market Size, Share, By Source (Fossil Fuels, Renewable Energy, and Others), Production Techniques (Free Cooling, Absorption Cooling, Electric Chillers, and Others), Cooling Medium (Water, Brine, Refrigerants, Thermal Energy Storage, and Others), Application (Residential, Commercial, and Industrial), and Region - Trends, Analysis, and Forecast till 2035

District cooling is a modern and efficient way to air condition a network of buildings in cities or campuses. Increasing demand for energy-efficient and sustainable cooling solutions, highly efficiency of district cooling, and utilization in centralized production, rapid urbanization, government initiatives, technological advancements, and so on are factors which contributes to the market hike.

District Cooling Market Report Highlights:

• By 2035, the market is expected to be worth USD 29.0 Billion.
• District cooling market size was calculated at USD 13.4 Billion in 2024.
• Target market is maturing at a CAGR of 8.2%.
• By source, the market is expected to be led by the fossil fuels segment during the projected period.
• On the basis of production techniques, the electric chillers segment is dominating the market.
• Based on cooling medium, the water segment holds the largest district cooling market share.
• On the basis of application, the commercial segment is projected to dominate the market during the forecast period.
• Asia Pacific holds the largest share of the market.
• The Middle East & Africa will be the fastest-growing region in the market.

List of Key Players in the Market:

• Veolia
• ENGIE
• ADC ENERGY SYSTEMS
• Emicool
• ARANER
• Danfoss
• Keppel EaaS Pte. Ltd.
• RAMBOLL
• SHINRYO CORPORATION
• TABREED
• DAIKIN INDUSTRIES, Ltd.
• Trane Technologies Company, LLC
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• LOGSTOR DENMARK HOLDING APS

District Cooling Market Key Highlights:

• In October 2024, Tata Power Trading Company Limited, , one of India’s largest integrated power companies, and Keppel, a Singapore-headquartered global asset manager and operator, have entered into a collaboration arrangement to launch sustainable Cooling-as-a-Service (CaaS) solutions in India. CaaS enable businesses and building owners to subscribe to long-term, energy-efficient space cooling solutions without having to invest heavily in infrastructure, thus allowing them to enjoy significant energy and cost savings.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2025 to 2035.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
• Market intelligence to enable effective decision-making
• Growth opportunities and trend analyses
• Market estimates and forecasts from 2025 to 2035
• Segment and regional revenue forecasts for market assessment
• Competition strategy and market share analysis

District Cooling Market Segmentation:

By Source:

• Fossil Fuels
• Renewable Energy
• Others

By Production Techniques:

• Free Cooling
• Absorption Cooling
• Electric Chillers
• Others

By Cooling Medium:

• Water
• Brine
• Refrigerants
• Thermal Energy Storage
• Others

By Application:

• Residential
• Commercial
• Industrial

By Region:

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• Indonesia
• Malaysia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East & Africa
• GCC
• Israel
• South Africa
• Rest of Middle East & Africa

Competitive Landscape of District Cooling Market:

The major competitors in the district cooling market are Veolia, ENGIE, ADC ENERGY SYSTEMS, Emicool, ARANER, Danfoss, Keppel EaaS Pte. Ltd., RAMBOLL, SHINRYO CORPORATION, TABREED, DAIKIN INDUSTRIES, Ltd., Trane Technologies Company, LLC, MITSUBISHI HEAVY INDUSTRIES, LTD., and LOGSTOR DENMARK HOLDING APS.

Key Questions Answered:

• How is the District Cooling Market expected to evolve by 2035?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2035?
• Who are the leading players in the market, and what are their prospects?