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District Cooling - Global Strategic Business Report

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    Report

  • 246 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804774

Global District Cooling Market to Reach $1.2 Billion by 2030

The global market for District Cooling estimated at US$903.2 Million in the year 2022, is projected to reach a revised size of US$1.2 Billion by 2030, growing at a CAGR of 3.1% over the analysis period 2022-2030. Absorption Cooling, one of the segments analyzed in the report, is projected to record a 2.6% CAGR and reach US$561.1 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Free Cooling segment is readjusted to a revised 2.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $264.2 Million, While China is Forecast to Grow at 3% CAGR

The District Cooling market in the U.S. is estimated at US$264.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$206.2 Million by the year 2030 trailing a CAGR of 3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 2.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Select Competitors (Total 46 Featured) -

  • ADC Energy Systems L.L.C.
  • Danfoss A/S - District Energy
  • DC Pro Engineering LLC
  • District Cooling Company
  • Emirates Central Cooling System Corporation (Empower)
  • Emirates District Cooling LLC (Emicool)
  • Fortum Corporation
  • Gas District Cooling (M) Sdn Bhd
  • Keppel DHCS Pte Ltd
  • Logstor A/S
  • Marafeq Qatar
  • Pal Technology
  • Qatar District Cooling Company (Qatar Cool)
  • Ramboll Group A/S
  • Shinryo Corporation
  • Siemens AG
  • SNC-Lavalin Group, Inc.
  • Stellar Energy
  • Tabreed, National Central Cooling Company PJSC
  • Veolia Environnement SA


What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • District Energy: A Strategy to Address Climate Change
  • District Cooling Market: A Prelude
  • Absorption Cooling: A High Growth Segment
  • Commercial End-Use Segment Leads District Cooling Market
  • District Cooling - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Global Warming and Constantly Rising Temperatures Give Rise to the Need for District Cooling Networks
  • Concerns over Global Warming Raise Significance of District Cooling: Countries with Highest Ecological Footprint Per Person (in gha/person)
  • Driven by Population Growth, Urbanization and Real-Estate and Infrastructure Expansion, District Cooling Demand in Emerging Economies Set for Rapid Growth
  • Global Population in Thousands by Region for the Years 1960, 1970, 1980, 1990, 2000, 2010, 2020, 2030, 2040 and 2050
  • Global Urban Population in Thousands by Geographic Region for the Years 2000, 2010, 2020, 2030, 2040 and 2050
  • Growing Urbanization Worldwide: Urban Population as a % of Total Popular by Region
  • Infrastructure Spending and Projection Investment Requirements in $ Trillion: Breakdown by Geographic Region for the Period 2000-2015 and 2017-2035
  • Rising Demand for Air Conditioning Shifts Focus onto District Cooling Systems
  • Global Population Growth to Concentrate in Tropical Regions: Projected Growth in Population (in Thousands) by Select Countries for the Period 2019-2035
  • High Potential to Save Cooling Costs through Adoption of District Cooling: Potential Savings in Energy Used and Cost Using District Cooling for the Years 2020, 2025, 2030 and 2035
  • High Energy Efficiency Advantage of District Cooling Over Conventional Cooling Augurs Well for the Market
  • Electricity Consumption in KW/TR for Various Cooling Technologies
  • Growing Demand for Sustainable and Energy Efficient Cooling Technologies to Fuel Demand for District Cooling Systems
  • Rising Adoption of Sustainable Building Codes and Standards: A Positive Growth Factor
  • Government Regulations and Policies Vital to Boost Potential of District Cooling Market
  • Smart District Cooling Systems to Impact Development of Smart Cities
  • Technology Advancements Translate into Significant Cost and Operational Benefits for District Cooling Systems
  • Artificial Intelligence to Foster Growth of District Cooling Market
  • PRODUCT OVERVIEW
  • District Cooling
  • District Cooling Technologies
  • Absorption-Based Cooling
  • Alternative Thermally Activated Cooling
  • Advantages and Disadvantages of District Cooling Systems
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for District Cooling by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 2: World 8-Year Perspective for District Cooling by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Absorption Cooling by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 4: World 8-Year Perspective for Absorption Cooling by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 6: World 8-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 8: World 8-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 9: World Recent Past, Current & Future Analysis for Institutional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 10: World 8-Year Perspective for Institutional by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 11: World District Cooling Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 12: World Recent Past, Current & Future Analysis for Free Cooling by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 13: World 8-Year Perspective for Free Cooling by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Electric Chillers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 15: World 8-Year Perspective for Electric Chillers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • District Cooling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 16: USA Recent Past, Current & Future Analysis for District Cooling by Production Technique - Absorption Cooling, Free Cooling and Electric Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 17: USA 8-Year Perspective for District Cooling by Production Technique - Percentage Breakdown of Value Sales for Absorption Cooling, Free Cooling and Electric Chillers for the Years 2023 & 2030
  • Table 18: USA Recent Past, Current & Future Analysis for District Cooling by Application - Commercial, Residential and Institutional - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 19: USA 8-Year Perspective for District Cooling by Application - Percentage Breakdown of Value Sales for Commercial, Residential and Institutional for the Years 2023 & 2030
CANADA
  • Table 20: Canada Recent Past, Current & Future Analysis for District Cooling by Production Technique - Absorption Cooling, Free Cooling and Electric Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 21: Canada 8-Year Perspective for District Cooling by Production Technique - Percentage Breakdown of Value Sales for Absorption Cooling, Free Cooling and Electric Chillers for the Years 2023 & 2030
  • Table 22: Canada Recent Past, Current & Future Analysis for District Cooling by Application - Commercial, Residential and Institutional - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 23: Canada 8-Year Perspective for District Cooling by Application - Percentage Breakdown of Value Sales for Commercial, Residential and Institutional for the Years 2023 & 2030
JAPAN
  • District Cooling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • District Cooling in Japan: An Overview
  • Table 24: Japan Recent Past, Current & Future Analysis for District Cooling by Production Technique - Absorption Cooling, Free Cooling and Electric Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 25: Japan 8-Year Perspective for District Cooling by Production Technique - Percentage Breakdown of Value Sales for Absorption Cooling, Free Cooling and Electric Chillers for the Years 2023 & 2030
  • Table 26: Japan Recent Past, Current & Future Analysis for District Cooling by Application - Commercial, Residential and Institutional - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 27: Japan 8-Year Perspective for District Cooling by Application - Percentage Breakdown of Value Sales for Commercial, Residential and Institutional for the Years 2023 & 2030
CHINA
  • District Cooling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • China Offers High Growth Potential for District Cooling Market
  • Table 28: China Recent Past, Current & Future Analysis for District Cooling by Production Technique - Absorption Cooling, Free Cooling and Electric Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 29: China 8-Year Perspective for District Cooling by Production Technique - Percentage Breakdown of Value Sales for Absorption Cooling, Free Cooling and Electric Chillers for the Years 2023 & 2030
  • Table 30: China Recent Past, Current & Future Analysis for District Cooling by Application - Commercial, Residential and Institutional - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 31: China 8-Year Perspective for District Cooling by Application - Percentage Breakdown of Value Sales for Commercial, Residential and Institutional for the Years 2023 & 2030
EUROPE
  • District Cooling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • European Market for District Cooling
  • Table 32: Europe Recent Past, Current & Future Analysis for District Cooling by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 33: Europe 8-Year Perspective for District Cooling by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2023 & 2030
  • Table 34: Europe Recent Past, Current & Future Analysis for District Cooling by Production Technique - Absorption Cooling, Free Cooling and Electric Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 35: Europe 8-Year Perspective for District Cooling by Production Technique - Percentage Breakdown of Value Sales for Absorption Cooling, Free Cooling and Electric Chillers for the Years 2023 & 2030
  • Table 36: Europe Recent Past, Current & Future Analysis for District Cooling by Application - Commercial, Residential and Institutional - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 37: Europe 8-Year Perspective for District Cooling by Application - Percentage Breakdown of Value Sales for Commercial, Residential and Institutional for the Years 2023 & 2030
FRANCE
  • District Cooling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 38: France Recent Past, Current & Future Analysis for District Cooling by Production Technique - Absorption Cooling, Free Cooling and Electric Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 39: France 8-Year Perspective for District Cooling by Production Technique - Percentage Breakdown of Value Sales for Absorption Cooling, Free Cooling and Electric Chillers for the Years 2023 & 2030
  • Table 40: France Recent Past, Current & Future Analysis for District Cooling by Application - Commercial, Residential and Institutional - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 41: France 8-Year Perspective for District Cooling by Application - Percentage Breakdown of Value Sales for Commercial, Residential and Institutional for the Years 2023 & 2030
GERMANY
  • District Cooling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 42: Germany Recent Past, Current & Future Analysis for District Cooling by Production Technique - Absorption Cooling, Free Cooling and Electric Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 43: Germany 8-Year Perspective for District Cooling by Production Technique - Percentage Breakdown of Value Sales for Absorption Cooling, Free Cooling and Electric Chillers for the Years 2023 & 2030
  • Table 44: Germany Recent Past, Current & Future Analysis for District Cooling by Application - Commercial, Residential and Institutional - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 45: Germany 8-Year Perspective for District Cooling by Application - Percentage Breakdown of Value Sales for Commercial, Residential and Institutional for the Years 2023 & 2030
ITALY
  • Table 46: Italy Recent Past, Current & Future Analysis for District Cooling by Production Technique - Absorption Cooling, Free Cooling and Electric Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 47: Italy 8-Year Perspective for District Cooling by Production Technique - Percentage Breakdown of Value Sales for Absorption Cooling, Free Cooling and Electric Chillers for the Years 2023 & 2030
  • Table 48: Italy Recent Past, Current & Future Analysis for District Cooling by Application - Commercial, Residential and Institutional - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 49: Italy 8-Year Perspective for District Cooling by Application - Percentage Breakdown of Value Sales for Commercial, Residential and Institutional for the Years 2023 & 2030
UNITED KINGDOM
  • District Cooling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 50: UK Recent Past, Current & Future Analysis for District Cooling by Production Technique - Absorption Cooling, Free Cooling and Electric Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 51: UK 8-Year Perspective for District Cooling by Production Technique - Percentage Breakdown of Value Sales for Absorption Cooling, Free Cooling and Electric Chillers for the Years 2023 & 2030
  • Table 52: UK Recent Past, Current & Future Analysis for District Cooling by Application - Commercial, Residential and Institutional - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 53: UK 8-Year Perspective for District Cooling by Application - Percentage Breakdown of Value Sales for Commercial, Residential and Institutional for the Years 2023 & 2030
REST OF EUROPE
  • Table 54: Rest of Europe Recent Past, Current & Future Analysis for District Cooling by Production Technique - Absorption Cooling, Free Cooling and Electric Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 55: Rest of Europe 8-Year Perspective for District Cooling by Production Technique - Percentage Breakdown of Value Sales for Absorption Cooling, Free Cooling and Electric Chillers for the Years 2023 & 2030
  • Table 56: Rest of Europe Recent Past, Current & Future Analysis for District Cooling by Application - Commercial, Residential and Institutional - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 57: Rest of Europe 8-Year Perspective for District Cooling by Application - Percentage Breakdown of Value Sales for Commercial, Residential and Institutional for the Years 2023 & 2030
ASIA-PACIFIC
  • District Cooling Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • India Begins to Implement District Cooling Initiatives
  • India: A Promising Market for District Cooling
  • Tremendous Potential in Store for District Cooling Systems Market in India
  • Growing Demand for Air Conditioners in India Indicates Huge Opportunity for District Cooling Market: Indian Air Conditioner Sales in $ Billion for the Years 2017, 2019, 2021 and 2023
  • Singapore: Punggol Digital District to be Home to Singapore’s First District Cooling System
  • Table 58: Asia-Pacific Recent Past, Current & Future Analysis for District Cooling by Production Technique - Absorption Cooling, Free Cooling and Electric Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 59: Asia-Pacific 8-Year Perspective for District Cooling by Production Technique - Percentage Breakdown of Value Sales for Absorption Cooling, Free Cooling and Electric Chillers for the Years 2023 & 2030
  • Table 60: Asia-Pacific Recent Past, Current & Future Analysis for District Cooling by Application - Commercial, Residential and Institutional - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 61: Asia-Pacific 8-Year Perspective for District Cooling by Application - Percentage Breakdown of Value Sales for Commercial, Residential and Institutional for the Years 2023 & 2030
REST OF WORLD
  • District Cooling Market in the Middle East Poised for Growth
  • SAUDI ARABIA
  • Strong Growth Ahead for District Cooling Market in Saudi Arabia
  • UAE
  • Growing Importance of District Cooling Systems for Industry Operations in the UAE
  • Dubai to Regulate District Cooling Sector
  • QATAR
  • District Cooling Systems: A High Priority for Qatar
  • Qatar’s District Cooling Capacity in Million TR for the Years 2018, 2025 and 2030
  • District Cooling Projects Operational in Qatar: Installed Cooling Capacity (TR) by District Cooling Project for 2016
  • Under-construction District Cooling Projects in Qatar: Expected Cooling Capacity (TR) of Various Projects by 2022
  • Table 62: Rest of World Recent Past, Current & Future Analysis for District Cooling by Production Technique - Absorption Cooling, Free Cooling and Electric Chillers - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 63: Rest of World 8-Year Perspective for District Cooling by Production Technique - Percentage Breakdown of Value Sales for Absorption Cooling, Free Cooling and Electric Chillers for the Years 2023 & 2030
  • Table 64: Rest of World Recent Past, Current & Future Analysis for District Cooling by Application - Commercial, Residential and Institutional - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 65: Rest of World 8-Year Perspective for District Cooling by Application - Percentage Breakdown of Value Sales for Commercial, Residential and Institutional for the Years 2023 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ADC Energy Systems L.L.C.
  • Danfoss A/S - District Energy
  • DC Pro Engineering LLC
  • District Cooling Company
  • Emirates Central Cooling System Corporation (Empower)
  • Emirates District Cooling LLC (Emicool)
  • Fortum Corporation
  • Gas District Cooling (M) Sdn Bhd
  • Keppel DHCS Pte Ltd
  • Logstor A/S
  • Marafeq Qatar
  • Pal Technology
  • Qatar District Cooling Company (Qatar Cool)
  • Ramboll Group A/S
  • Shinryo Corporation
  • Siemens AG
  • SNC-Lavalin Group, Inc.
  • Stellar Energy
  • Tabreed, National Central Cooling Company PJSC
  • Veolia Environnement SA

Table Information