Market research
, 1 May 2021
129
According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc, the <strong>Europe District Cooling Pipeline Network Market </strong>worth over $1bn by 2024. Rising concerns relating to emissions along with rising demand for sustainable cooling solutions will drive the business growth. Accelerating demand for space cooling owing to the rising average surface temperature across Italy, Germany, and Sweden will further propel the industry growth. As per the European Economic Area, the annual mean temperature across the Central and Eastern Europe is projected to increase by 10-30o C by the end of decade.
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Reduced heat loss, longer life cycles and reduced maintenance cost are the key features that will fuel the district cooling pipeline network market. Further, the increasing adoption of sustainable insulating material including Polyurethane, HDPE, and PUR favoured by ongoing government incentives and subsidies will complement the business outlook.
Rising demand of small scale cooling systems across residential establishments along with government assisted R&D initiatives will augment the penetration of 20–100 mm diameter pipes. In addition, increasing adoption as a service pipe on account of their ease of installation and transportation will propel the district cooling pipeline network market size.
France district cooling pipeline network market is predicted to surpass 190 Km by 2024. Rapid increase in population along with the strict regulatory frameworks toward the implementation of sustainable energy solutions will augment business growth. Ongoing deployment of sustainable insulating material, smart monitoring systems, and efficient piping technology will positively impact the industry outlook.
Government assisted renewable energy targets along with measures toward the decarbonization of buildings favoured by the adoption of renewable energy technologies will fuel the Germany district cooling pipeline network market growth. Several government initiatives including EPBD, SFSB, and ELENA facility will further drive the business growth. In 2017, Celsius and EEEF formed a joint venture for the development of district cooling and heating across Europe.
Polymer pipes is predicted to witness robust growth owing to its increasing adoption as a service pipe across DC network. Technical advancements including thermoplastic technology along with the ongoing innovations for the development of efficient insulating materials will drive the district cooling pipeline network market share. Ease of transportation, corrosion resistance, low carbon emissions, and efficient insulating properties are some of key features stimulating the product adoption.
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Stringent building emissions norms along with growing investments toward installation of green building structure will positively influence the commercial district cooling pipeline network market growth. In addition, the increasing investments across the real estate industry favoured by the flourishing service sector will foster the industry growth.
Eminent industry players catering across the Europe district cooling pipeline network market includes Uponor, Logstor, BRUGG, Thermaflex, Aquatherm, Perma Pipe, KeKelit, Huntsman, Isoplus, Cosmoplast, Future Pipe, CPV Limited, and Eval.
<strong><a href="https://www.gminsights.com/pressrelease/europe-district-cooling-pipeline-network-market" target="_blank" rel="noopener">Read more</a></strong>
