According to the new research report "District Cooling Market by Application (Commercial, Residential, Industrial, and Others) - Global Trends & Forecasts to 2019" defines and segments the district cooling market with an analysis and forecast of the market size by volume and value. The district cooling market size in terms of value is projected to reach $29.0 billion by 2019, at a CAGR of 11.4% from 2014 to 2019.
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The district cooling market is mainly driven by high efficiency of district cooling technology which results in enhanced reliability, less water and energy usage, reduction in environmental degradation, efficient use of energy and reduction in strain on nation’s electricity grid. Issues such as inaccurate estimation of cooling demand and incoherent cost recovery models are the after-effects observed in the district cooling market which needs to be addressed at utmost priority to boost the market.
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High upfront capital cost and non-synchronized development are the major restraints in the recent years. The Middle East & Africa (MEA) region is the fastest-growing market due to rapid growth in the real estate and commercial sectors which is marked by increasing demand for power and cooling during peak hours which can lead to threat on a nation’s power grid security. Asia-Pacific is the upcoming potential market due to emerging economies such as China and India where large number of infrastructure activities are lined-up. The leading players in the market include Emicool (UAE), Empower (UAE), LOGSTOR (Denmark), Ramboll (Denmark), Tabreed (UAE), Stellar Energy (U.S.), and ADC Energy Systems LLC (UAE) along with Shinryo Corporation (Japan) and Keppel DHCS (Singapore) as the leading regional players in Asia-Pacific.
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The report covers the district cooling market and its trends that concern four regions, the Americas, Europe, the Middle East & Africa (MEA), and Asia-Pacific. Various applications based on end-user industry, namely, commercial, residential, industrial and others are covered. The regions have been further broken down by their respective countries such as, the Americas that includes the U.S., Canada, and Rest of Americas; Europe that includes Sweden, France, Germany, Finland, and Rest of Europe; the Middle East & Africa (MEA) that includes Saudi Arabia, UAE, Bahrain, Qatar, Oman, Kuwait, South Africa, and Rest of MEA; and Asia-Pacific that includes Japan, Korea, China, Singapore, India, Malaysia, Hong Kong, and Rest of Asia-Pacific.
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