District Cooling Market Size, Share and Global Trend By Production Technique (Free Cooling, Electric Chillers, Absorption Chillers), Application (Residential, Commercial, Industrial) and Geography Forecast till 2025

KEY INDUSTRY INSIGHTS

Residential and commercial space cooling demands are increasing continuously throughout the world as what was once considered as a luxury now seemingly as a necessity. The rise in the use of Air Conditioning (AC) has substantially increased the concern over greenhouse gas (GHG) emission and rising global warming. The District Cooling has emerged in recent times as a possible method to achieve economies in air conditioning provision. Aggregating the cooling need of a network of a commercial and industrial building, district cooling creates an economy of scale that drives efficiency, balances electrical load and reduces fuel costs.

District cooling system produces chilled water within a centralized plant which comprises absorption chillers and the energy needed to drive the chillers can utilize waste heat from the power plant, steam turbines or industrial process. The system distributes cooling through an underground pipe network to multiple buildings. The water then enters an air conditioning system through absorption chillers. The district cooling system is more advantageous than traditional cooling system due to reduced energy consumption, increased reliability and efficiency and enhancing sustainable development 

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District cooling system market can be segmented by production technique which includes Free Cooling (natural sources e.g. seas, lakes, rivers, and groundwater), Absorption Chillers, and Electric Chillers. The system is most suitable for the commercial sector which includes a large number of offices, shops & buildings. The Residential and industrial zone can make a sense if they use district cooling to reduce individual power consumption.

Rapid industrialization, commercial zones & residential project is ever increasing in the last decade. The need for air conditioning is growing & increasing rapidly across the world. Lacs of AC’s is in operation to meet the need for increasing demand for cooling which straining the production of electricity. Also increasing GHG emission, global warming and rise in earth temperature have made researchers to think for an alternative to traditional cooling. Thus district cooling is emerging as one of the most energy-efficient cooling systems that offer diverse cooling. A single district cooling system can act as efficient as hundreds of ACs.

The district cooling system is most suitable where there are dense commercial or residential buildings. Due to its capacity to cater in volume. Seawater is also used as a cooling element in district cooling and exhausted hot water by the system can endanger marine ecology. Huge investment is required to set up a district cooling system which can act as an inhibitor to the demand for district cooling system.

KEY COMPANIES MENTIONED IN REPORT

The key player in District Cooling system are National Central Cooling Company PJSC (Tabreed), Emirates Central Cooling Systems Corporation (Empower), Danfoss District Energy, Engie, Emirates District Cooling LLC (Emicool), Siemens, Qatar District Cooling Company, Fortum, Empower Energy Solution, Shinryo Corporation, Stellar Energy, Alfa Laval, Veolia, Ramboll Group, and Pal Group.

REGIONAL ANALYSIS

The district cooling market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The countries in the MEA has tremendous potential for district cooling due to enormous development in UAE and other countries. Fastest growing economies in the world like India and China in Asia Pacific has a great impact on the market of district cooling. Europe is adopting greener technology to reduce GHG emission and district cooling has certainly proved to be the best technology in the field of air conditioning. The district cooling has been immensely used across the globe which provides efficient cooling at a lower cost.