District Cooling Market Size, Share, and Analysis, By Production Technique (Free Cooling, Absorption Cooling, Heat Pumps, Electric Chillers, Others), By Operation (Storage, Distribution, and Production), By Application (Residential, Commercial, and Industrial), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
District Cooling Market Size, Share, and Analysis, By Production Technique (Free Cooling, Absorption Cooling, Heat Pumps, Electric Chillers, Others), By Operation (Storage, Distribution, and Production), By Application (Residential, Commercial, and Industrial), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
District Cooling Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 28.5 billion and is projected t%li%reach USD 62.6 billion by the completion of 2034.
District cooling is a centralized cooling system designed t%li%provide chilled water for air conditioning within a specific region. It operates through a central plant that produces chilled water and distributes it t%li%various buildings via underground pipes. The chilled water is then used t%li%cool the air conditioning systems of building. Moreover, the system has several benefits over separate cooling systems such as improved energy efficiency, lower environmental impact, and less maintenance costs. District cooling systems provide scalability which enables greater efficiency in cooling plants than individual units, resulting in cost savings. Furthermore, these cooling systems reduces the need for refrigerants in buildings, which contributes t%li%a low environmental footprint. Hence, district cooling is an innovative and sustainable approach that promotes energy conservation in urban settings while providing dependable cooling solutions t%li%large areas or population.
MARKET HIGHLIGHTS
District Cooling Market is projected t%li%achieve USD 62.6 billion during the forecast period, owing t%li%growing emphasis on energy-efficient and sustainable infrastructure solutions. The growth of district cooling market has been driven by rising urbanization & increasing demand for environmentally mindful cooling systems. Various government-led initiatives that promote energy conservation and carbon footprint reduction have accelerated market growth. Furthermore, improvements in technology, particularly in the areas of efficient chilling plants and distribution networks, have significantly contributed t%li%market growth. Additionally, significant investments from the public and private sectors have promoted innovations, especially in regions aiming for sustainable urban development. Therefore, the district cooling market will continue t%li%thrive as it meets the urgent demand for effective and sustainable cooling solutions in highly populated urban areas around the world.
District Cooling Market Segments:
Growth Drivers
Urbanization and the Development of Infrastructure Will Fuel Market Growth
Initiatives for Environmental Sustainability Will Provide Opportunities for Market Growth
Restraint
High Initial Investments Could Prevent Market Expansion
Key Players
PRODUCT OVERVIEW
District Cooling Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 28.5 billion and is projected t%li%reach USD 62.6 billion by the completion of 2034.
District cooling is a centralized cooling system designed t%li%provide chilled water for air conditioning within a specific region. It operates through a central plant that produces chilled water and distributes it t%li%various buildings via underground pipes. The chilled water is then used t%li%cool the air conditioning systems of building. Moreover, the system has several benefits over separate cooling systems such as improved energy efficiency, lower environmental impact, and less maintenance costs. District cooling systems provide scalability which enables greater efficiency in cooling plants than individual units, resulting in cost savings. Furthermore, these cooling systems reduces the need for refrigerants in buildings, which contributes t%li%a low environmental footprint. Hence, district cooling is an innovative and sustainable approach that promotes energy conservation in urban settings while providing dependable cooling solutions t%li%large areas or population.
MARKET HIGHLIGHTS
District Cooling Market is projected t%li%achieve USD 62.6 billion during the forecast period, owing t%li%growing emphasis on energy-efficient and sustainable infrastructure solutions. The growth of district cooling market has been driven by rising urbanization & increasing demand for environmentally mindful cooling systems. Various government-led initiatives that promote energy conservation and carbon footprint reduction have accelerated market growth. Furthermore, improvements in technology, particularly in the areas of efficient chilling plants and distribution networks, have significantly contributed t%li%market growth. Additionally, significant investments from the public and private sectors have promoted innovations, especially in regions aiming for sustainable urban development. Therefore, the district cooling market will continue t%li%thrive as it meets the urgent demand for effective and sustainable cooling solutions in highly populated urban areas around the world.
District Cooling Market Segments:
- By Production Technique
- Free Cooling
- Absorption Cooling
- Heat Pumps
- Electric Chillers
- Others
- By Operation
- Storage
- Distribution
- Production
- By Application
- Residential
- Commercial
- Industrial
Growth Drivers
Urbanization and the Development of Infrastructure Will Fuel Market Growth
Initiatives for Environmental Sustainability Will Provide Opportunities for Market Growth
Restraint
High Initial Investments Could Prevent Market Expansion
Key Players
- ENGIE
- Veolia
- Tabreed
- Ramboll Group
- Shinry%li%Corporation
- Stellar Energy
- Logstor
- Qatar District Cooling Company (Qatar Cool)
- Fortum
- Siemens AG
- Vattenfall AB
- Danfoss
- SNC-Lavalin Group Inc.
- Pal Group (PAL Technology)
- Empower
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1.Regional Market Share
1.2. Business Trends
1.3.District Cooling Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.District Cooling Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. DISTRICT COOLING MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. DISTRICT COOLING MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.DISTRICT COOLING MARKET SIZE & FORECAST 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Production Technique
11.3.1.1. Free Cooling
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Absorption Cooling
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Heat Pumps
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.4.Electric Chillers
11.3.1.4.1.By Value (USD Million) 2024-2034F
11.3.1.4.2. Market Share (%) 2024-2034F
11.3.1.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.5.Others
11.3.1.5.1.By Value (USD Million) 2024-2034F
11.3.1.5.2. Market Share (%) 2024-2034F
11.3.1.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Operation
11.3.2.1.Storage
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Distribution
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Production
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By Application
11.3.3.1.Residential
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Commercial
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Industrial
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
12. NORTH AMERICA DISTRICT COOLING MARKET SIZE & FORECAST 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Product Equipment
12.3.2.By Operation
12.3.3.By Application
12.4. Country
12.4.1. United States
12.4.2.Canada
13. EUROPE DISTRICT COOLING MARKET SIZE & FORECAST 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Product Equipment
13.3.2.By Operation
13.3.3.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC DISTRICT COOLING MARKET SIZE & FORECAST 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Product Equipment
14.3.2.By Operation
14.3.3.By Application
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA DISTRICT COOLING MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Product Equipment
15.3.2.By Operation
15.3.3.By Application
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA DISTRICT COOLING MARKET SIZE & FORECAST 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Product Equipment
16.3.2.By Operation
16.3.3.By Application
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1.ENGIE
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Veolia
18.3.Tabreed (National Central Cooling Company PJSC)
18.4. Empower (Emirates Central Cooling Systems Corporation)
18.5.Ramboll Group
18.6.Shinryo Corporation
18.7.Stellar Energy
18.8. Logstor
18.9.Qatar District Cooling Company
18.10.Fortum
18.11. Siemens AG
18.12. Vattenfall AB
18.13. Danfoss
18.14.SNC-Lavalin Group Inc.
18.15. Pal Group
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1.Regional Market Share
1.2. Business Trends
1.3.District Cooling Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.District Cooling Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. DISTRICT COOLING MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. DISTRICT COOLING MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.DISTRICT COOLING MARKET SIZE & FORECAST 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Production Technique
11.3.1.1. Free Cooling
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Absorption Cooling
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Heat Pumps
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.4.Electric Chillers
11.3.1.4.1.By Value (USD Million) 2024-2034F
11.3.1.4.2. Market Share (%) 2024-2034F
11.3.1.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.5.Others
11.3.1.5.1.By Value (USD Million) 2024-2034F
11.3.1.5.2. Market Share (%) 2024-2034F
11.3.1.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Operation
11.3.2.1.Storage
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Distribution
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Production
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By Application
11.3.3.1.Residential
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Commercial
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Industrial
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
12. NORTH AMERICA DISTRICT COOLING MARKET SIZE & FORECAST 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Product Equipment
12.3.2.By Operation
12.3.3.By Application
12.4. Country
12.4.1. United States
12.4.2.Canada
13. EUROPE DISTRICT COOLING MARKET SIZE & FORECAST 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Product Equipment
13.3.2.By Operation
13.3.3.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC DISTRICT COOLING MARKET SIZE & FORECAST 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Product Equipment
14.3.2.By Operation
14.3.3.By Application
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA DISTRICT COOLING MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Product Equipment
15.3.2.By Operation
15.3.3.By Application
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA DISTRICT COOLING MARKET SIZE & FORECAST 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Product Equipment
16.3.2.By Operation
16.3.3.By Application
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1.ENGIE
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Veolia
18.3.Tabreed (National Central Cooling Company PJSC)
18.4. Empower (Emirates Central Cooling Systems Corporation)
18.5.Ramboll Group
18.6.Shinryo Corporation
18.7.Stellar Energy
18.8. Logstor
18.9.Qatar District Cooling Company
18.10.Fortum
18.11. Siemens AG
18.12. Vattenfall AB
18.13. Danfoss
18.14.SNC-Lavalin Group Inc.
18.15. Pal Group
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
