District Cooling Market Share, Demand, Opportunities and Future Outlook 2022-2032
District Cooling Market Size- By Technology, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Jan-2023 | Report ID: POAE2301 | Pages: 1 - 245 | Formats*: |
| Category : Power & Energy | |||
Global District Cooling Market Overview
According to SPER Market Research, the Global District Cooling Market is estimated to reach USD 68.51 billion by 2032 with a CAGR of 9.15%.
Installation of district cooling(DC) technology throughout established and developing economies may support the expansion of this sector. The dynamics of the market are anticipated to change due to the high demand for energy-efficient systems. Due to the growing demand to reduce energy usage, the market share for district cooling will see a large increase. Comparing DC systems to conventional air- and water-cooled air conditioners, DC systems saves energy. Additionally, the commercial, industrial, and residential sectors will invest money in energy-efficient technologies as a result of global warming. Major enterprises preparing to increase their market presence should face challenges from significant capital outflow and lack of understanding.
Impact of COVID-19 on the Global District Cooling Market
The COVID-19 has had a negative impact on the expansion of the worldwide district cooling market. The pandemic has decreased the need for district cooling. To limit the spread of COVID-19, governments around the world have been forced to curtail corporate operations. As partial or complete lockdowns were implemented to stop the spread of the virus, businesses across several geographies were forced to shut down their manufacturing plants and services. Due to the lack of supplies, this increased the cost of purchasing raw materials, which ultimately caused delays in order closures. Therefore, the pandemic has had a short-term detrimental influence on the demand for district cooling.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Technology, By End User |
| Regions covered | Asia Pacific, Europe, Middle East and Africa North America, Latin America |
| Companies Covered | ADC Energy Systems LLC, Danfoss, Emirates Central Cooling System Corporation, Emirates District Cooling LLC, ENGIE, Enwave Energy Corporation, Keppel Corporation Limited, Logstor A/S, Marafeq Qatar, National Central Cooling Company PJSC, Ramboll Group, Shinryo Corporation, Singapore Power Ltd., SNC-Lavalin, Stellar Energy, Vattenfall, Veolia |
Target Audience-
- Commercial
- Industrial
- Residential
Global District Cooling Market Segmentation:
1. By Technology:
- Absorption Chillers
- Electric Chillers
- Others
2.By End User:
- Commercial
- Industrial
- Residential
3. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global District Cooling Market (FY’2019-FY’2032)
- Overview of Global District Cooling Market
- Segmentation of Global District Cooling Market By Technology (Absorption Chillers, Electric Chillers, Others)
- Segmentation of Global District Cooling Market By End User (Commercial, Industrial, Residential)
- Statistical Snap of Global District Cooling Market
- Growth Analysis of Global District Cooling Market
- Problems and Challenges in Global District Cooling Market
- Competitive Landscape in the Global District Cooling Market
- Impact of COVID-19 and Demonetization on Global District Cooling Market
- Details on Recent Investment in Global District Cooling Market
- Competitive Analysis of Global District Cooling Market
- Major Players in the Global District Cooling Market
- SWOT Analysis of Global District Cooling Market
- Global District Cooling Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global District Cooling Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global District Cooling Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global District Cooling Market
7. Global District Cooling Market, By Technology, 2019-2032 (USD Million)
7.1 Absorption Chillers7.2 Electric Chillers7.3 Others
8. Global District Cooling Market, By End User, 2019-2032 (USD Million)
8.1 Commercial8.2 Industrial8.3 Residential
9. Global District Cooling Market, By Region, 2019-2032 (USD Million)
9.1 Global District Cooling Size and Market Share by Region (2019-2025)9.2 Global District Cooling Size and Market Share by Region (2026-2032)9.3 Asia-Pacific
9.3.1 Australia9.3.2 China9.3.3 India9.3.4 Japan9.3.5 South Korea9.3.6 Rest of Asia-Pacific
9.4 Europe
9.4.1 France9.4.2 Germany9.4.3 Italy9.4.4 Spain9.4.5 United Kingdom9.4.6 Rest of Europe
9.5 Middle East & Africa
9.5.1 Kingdom of Saudi Arabia9.5.2 United Arab Emirates9.5.3 Rest of Middle East & Africa
9.6 North America
9.6.1 Canada9.6.2 Mexico9.6.3 United States
9.7 Latin America
9.7.1 Argentina9.7.2 Brazil9.7.3 Rest of Latin America
10. Company Profiles
10.1 ADC Energy Systems LLC
10.1.1 Company details10.1.2 Financial outlook10.1.3 Product summary10.1.4 Recent developments
10.2 Danfoss
10.2.1 Company details10.2.2 Financial outlook10.2.3 Product summary10.2.4 Recent developments
10.3 Emirates Central Cooling System Corporation
10.3.1 Company details10.3.2 Financial outlook10.3.3 Product summary10.3.4 Recent developments
10.4 Emirates District Cooling LLC
10.4.1 Company details10.4.2 Financial outlook10.4.3 Product summary10.4.4 Recent developments
10.5 ENGIE
10.5.1 Company details10.5.2 Financial outlook10.5.3 Product summary10.5.4 Recent developments
10.6 Enwave Energy Corporation
10.6.1 Company details10.6.2 Financial outlook10.6.3 Product summary10.6.4 Recent developments
10.7 Keppel Corporation Limited
10.7.1 Company details10.7.2 Financial outlook10.7.3 Product summary10.7.4 Recent developments
10.8 Logstor A/S
10.8.1 Company details10.8.2 Financial outlook10.8.3 Product summary10.8.4 Recent developments
10.9 Marafeq Qatar
10.9.1 Company details10.9.2 Financial outlook10.9.3 Product summary10.9.4 Recent developments
10.10 National Central Cooling Company PJSC
10.10.1 Company details10.10.2 Financial outlook10.10.3 Product summary10.10.4 Recent developments
10.11 Ramboll Group
10.11.1 Company details10.11.2 Financial outlook10.11.3 Product summary10.11.4 Recent developments
10.12 Shinryo Corporation
10.12.1 Company details10.12.2 Financial outlook10.12.3 Product summary10.12.4 Recent developments
10.13 Singapore Power Ltd.
10.13.1 Company details10.13.2 Financial outlook10.13.3 Product summary10.13.4 Recent developments
10.14 SNC-Lavalin
10.14.1 Company details10.14.2 Financial outlook10.14.3 Product summary10.14.4 Recent developments
10.15 Stellar Energy
10.15.1 Company details10.15.2 Financial outlook10.15.3 Product summary10.15.4 Recent developments
10.16 Vattenfall
10.16.1 Company details10.16.2 Financial outlook10.16.3 Product summary10.16.4 Recent developments
10.17 Veolia
10.17.1 Company details10.17.2 Financial outlook10.17.3 Product summary10.17.4 Recent developments
11. List of Abbreviations
12. Reference Links
13. Conclusion
14. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
District Cooling Market is projected to reach USD 68.51 billion by 2032, growing at a CAGR of 9.15% during the forecast period.
District Cooling Market grew in market size from 2021. The Market is expected to reach USD 68.51 billion by 2032, at a CAGR of 9.15% during the forecast period.
District Cooling Market CAGR of 9.15% during the forecast period.
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District Cooling Market size is USD 68.51 billion from 2022 to 2032.
District Cooling Market segment is Covered Segments Covered By Technology, By End User.
The North America region is anticipated to have the highest market share in the District Cooling Market.
Major enterprises preparing to increase their market presence should face challenges from significant capital outflow and lack of understanding.
The key players in the market include Companies Covered ADC Energy Systems LLC, Danfoss, Emirates Central Cooling System Corporation, Emirates District Cooling LLC, ENGIE, Enwave Energy Corporation, Keppel Corporation Limited, Logstor A/S, Marafeq Qatar, National Central Cooling Company PJSC, Ramboll Group, Shinryo Corporation, Singapore Power Ltd., SNC-Lavalin, Stellar Energy, Vattenfall, Veolia.
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