District Cooling Market in Middle East & Africa Anticipated to Expand at a CAGR of 7.8% by 2024: Transparency Market Research

Transparency Market Research has published a new report titled District Cooling Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024.” According to the report, the global district cooling market was valued at US$ 11,190.9 Mn in 2015 and is expected to expand at a CAGR of 5.1% to reach US$ 17,330.4 Mn in 2024.

Middle East & Africa is one of the leading markets for district cooling, accounting for more than 40% share of the global market in 2015. On the basis of geography, the global district cooling market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

North America dominated the global district cooling market in terms of energy sales volume and revenue, in 2015. The market in North America is expected to expand at a CAGR of 2.2% from 2016 to 2024 in terms of energy sales revenue. The U.S. is the leading player in the North America district cooling market. Rising temperature levels are expected to boost the adoption of district cooling technology in the region. Increased incentives for the adoption of renewables and efficient usage of energy resources are expected to drive the demand for district cooling systems in North America during the forecast period.

Browse the Full Report At : http://www.transparencymarketresearch.com/district-cooling-market.html

Middle East & Africa closely followed North America in terms of market share of the global district cooling market on the basis of energy sales volume and revenue, in 2015. It is expected to expand at a robust CAGR in terms of energy sales volume and energy sales revenue respectively. Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman are some of the major countries in the Middle East & Africa district cooling market. The Middle East exhibits a huge potential for DC development due to its hot climatic conditions. Regional governments in Middle East & Africa are using their authority to plan, regulate, finance, and develop district cooling plants in the region.

Rise in district cooling installation and industrial activities are anticipated to boost the sales of district cooling in the region during the forecast period. Demand is expected to increase in Middle East & Africa during the forecast period due to rising awareness about the technology and reduced emissions. Developments in the construction and real estate industries are also expected to boost the district cooling market in the region. Owing to the DC technology’s low energy requirements, efficient capacity utilization, peak-period saving potential, and increasing popularity, the district cooling market is expected to expand throughout Middle East & Africa during the forecast period.

District cooling market in Asia Pacific stood at US$ 659.3 Mn in terms of energy sales revenue, in 2015. Countries such as China, Malaysia, Philippines, Singapore, India, Indonesia, South Korea, and Japan are some of the leading countries for district cooling market in Asia Pacific. Increasing importance of renewables and energy efficiency, rising temperature levels, government regulations and initiatives coupled with the rising interest of the private sector are the major drivers for the district cooling market in this region. Additionally, developments in commercial building projects and increased government initiatives are estimated to provide growth opportunities to the market during the forecast period.

Adoption of district cooling technology in Europe is not as high when compared to district heating technology. Countries such as Sweden, Austria, Germany, France, Finland, and Italy among others are the major players in the Europe district cooling market. Cooling demand is higher in South Europe than in North Europe because of the difference in temperatures and population densities. Sweden and France are some of the developed markets for DC. Various government regulations regarding district DHC and combined heat & power (CHP) technologies coupled with Europe 20-20-20 energy targets are expected to boost the demand for district cooling in the region.

Latin America held a small share of the global district cooling market in terms of energy sales volume and revenue, in 2015. The district cooling market in Latin America is expected to expand at a stable CAGR between 2016 and 2024 in terms of energy sales volume and energy sales revenue respectively. Mexico and Brazil among others are the leading countries in this region. Increasing investments in the residential and commercial sectors may lead to an increase in its market share in the near future. Additionally, increasing cooling demands coupled with renewable and sustainable energy targets are anticipated to propel the district cooling market in Latin America during the forecast period

Some of the major players operating in the global district cooling market include ADC Energy Systems LLC, Emirates Central Cooling Systems Corporation (EMPOWER), Emirates District Cooling LLC (Emicool), Emirates National Central Cooling Company PJSC (Tabreed ), Stellar Energy, Keppel DHCS Pte. Ltd., Logstor A/S, Ramboll Group A/S, Tekla Corporation, Shinryo Corporation, Dalkia, Veolia, Singapore Power (SP) Group, and Alfa Laval AB among others.

Global District Cooling Market: Regional Analysis

  • North America
  • The U.S.
  • Canada
  • Europe
  • Denmark
  • Sweden
  • Austria
  • Germany
  • France
  • Finland
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Malaysia
  • Philippines
  • Singapore
  • India
  • Indonesia
  • South Korea
  • Japan
  • Rest of Asia Pacific
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Bahrain
  • Kuwait
  • Oman
  • South Africa
  • Rest of MEA
  • Latin America
  • Mexico
  • Brazil
  • Rest of Latin America

Global District Cooling Market: Application Analysis

  • Residential
  • Commercial
  • Industrial

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