District Cooling Market Size - By Production Technique (Free Cooling, Absorption Cooling, Heat Pumps, Electric Chillers), By Application (Residential, Commercial, Industrial) & Global Forecast Report, 2023

List of Tables

Global District Cooling Market size will expand at a significant growth rate between 2023 and 2032.

The rising demand for energy-efficient and eco-friendly cooling solutions in urban areas is driving the adoption of district cooling systems. These systems centralize cooling production, distribution, and consumption, optimizing energy usage and reducing greenhouse gas emissions. Rapid urbanization and increasing population density in cities have led to a higher demand for cooling, making district cooling an efficient and scalable solution. According to UNCTAD data, 57% of the total world population lives in urban areas.

Moreover, governments and environmental agencies are promoting sustainable initiatives, offering incentives and regulations that encourage the implementation of district cooling. For instance, the national-level strategy ICAP (Indian Cooling Action Plan) implemented by the Government of India prioritizes district cooling as a key solution to India's cooling challenge and calls for the development of policies and regulations to support its growth. Additionally, the long-term cost savings and reduced environmental impact associated with district cooling contribute to its growing popularity in various regions worldwide.

The overall district cooling market share is segregated based on production technique, application, and region.

With respect to production technique, the absorption cooling segment size will exhibit noticeable growth over 2023-2032. Absorption cooling is emerging as a preferred district cooling production technique due to its energy-efficient and environmentally friendly attributes. The process utilizes waste heat or low-grade heat sources, such as industrial processes or renewable energy, to drive the cooling cycle, reducing electricity consumption. This makes absorption cooling a sustainable option for district cooling systems, aligning with the increasing focus on energy conservation and green technologies in urban environments. Additionally, its ability to operate on natural refrigerants further enhances its popularity as a safe and efficient cooling solution for large-scale applications in district cooling projects.

The residential segment could dominate the application landscape of the district cooling industry by 2032. District cooling is gaining popularity in residential applications due to its numerous benefits for homeowners. It provides a centralized and efficient cooling solution, eliminating the need for individual air conditioning units in each home. This leads to reduced energy consumption, lower utility bills, and a smaller environmental footprint. Additionally, district cooling systems are less noisy and require less maintenance, offering enhanced comfort and convenience for residents, making them an appealing choice for sustainable and cost-effective cooling in residential communities.

Europe district cooling market will record a decent valuation by 2032. The increasing need for energy-efficient and eco-friendly cooling solutions in densely populated urban areas has led to the adoption of district cooling systems. Additionally, supportive government policies and regulations, along with financial incentives, are encouraging the implementation of district cooling projects. The focus on sustainability and reducing greenhouse gas emissions further boosts the popularity of district cooling as a viable and scalable cooling solution in various European cities.

Product Code: 2672

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Secondary
  - 1.4.1.1 Paid sources
  - 1.4.1.2 Unpaid sources
- 1.4.2 Primary

Chapter 2 Executive Summary

2.1 District cooling industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Production technique trends
- 2.1.3 Application trends
- 2.1.4 Regional trends

Chapter 3 District Cooling Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
3.2 Regulatory landscape
3.3 Industry impact forces
- 3.3.1 Growth drivers
  - 3.3.1.1 North America
    - 3.3.1.1.1 Strict regulations toward emissions
  - 3.3.1.2 Europe
    - 3.3.1.2.1 Government norms toward zero emission buildings
    - 3.3.1.2.2 Growing focus toward the adoption of sustainable energy
  - 3.3.1.3 Asia Pacific
    - 3.3.1.3.1 Rapid urbanization and industrialization
    - 3.3.1.3.2 Rapid urbanization and industrialization
  - 3.3.1.4 Middle East
    - 3.3.1.4.1 Rising infrastructural spending
    - 3.3.1.4.2 Extreme climatic conditions
- 3.3.2 Industry pitfalls & challenges
  - 3.3.2.1 High capital cost
3.4 Growth potential analysis
3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
3.6 PESTEL Analysis

Chapter 4 Competitive Benchmarking

4.1 Innovation & sustainability landscape
4.2 Competitive landscape, 2022
- 4.2.1 Strategic dashboard

Chapter 5 District Cooling Market, By Production Technique

5.1 Key production technique trends
5.2 Free cooling
5.3 Absorption cooling
5.4 Heat pumps
5.5 Electric chillers
5.6 Others

Chapter 6 District Cooling Market, By Application

6.1 Key application trends
6.2 Residential
6.3 Commercial
- 6.3.1 College/University
- 6.3.2 Office buildings
- 6.3.3 Government buildings
- 6.3.4 Others
6.4 Industrial

Chapter 7 District Cooling Market, By Region

7.1 Key regional trends
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 Germany
- 7.3.2 Poland
- 7.3.3 Sweden
- 7.3.4 Italy
- 7.3.5 France
- 7.3.6 Finland
- 7.3.7 Austria
- 7.3.8 Norway
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 South Korea
- 7.4.4 Malaysia
7.5 Middle East
- 7.5.1 Saudi Arabia
- 7.5.2 UAE
- 7.5.3 Qatar
- 7.5.4 Oman
- 7.5.5 Kuwait
- 7.5.6 Bahrain

Chapter 8 Company Profiles

8.1 Emicool
8.2 SNC-Lavalin Group
8.3 Pal Group
8.4 Empower
8.5 Ramboll Group A/S
8.6 Qatar District Cooling Company
8.7 Siemens
8.8 Tabreed
8.9 ADC Energy Systems
8.10 DC Pro Engineering
8.11 Marafeq Qatar
8.12 Shinryo Corporation
8.13 Danfoss
8.14 Stellar Energy
8.15 Keppel Corporation Limited
8.16 Singapore Power Ltd.
8.17 Veolia
8.18 Vattenfall AB
8.19 Logstor A/S
8.20 Fortum
8.21 Goteborg Energi
8.22 Helen Oy
8.23 Wien Energie GmbH
8.24 Cetetherm
8.25 ENGIE