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Global district cooling market stood at $21.82 billion in 2016 and is projected to exhibit a CAGR of over 14% to reach up to $ 79.92 billion by 2026, on account of rising demand for low cost and highly efficient cooling systems. Hence, propelling demand for district cooling systems globally. Moreover, growing environmental concerns and rising need to conserve energy are anticipated to propel growth in global district cooling market through 2026.
<p style="font-weight: 400;">Global district cooling market is controlled by these major players, namely– Emirates Central Cooling Systems Corporation(EMPOWER), ADC Energy System LLC, Logstor A/S, Danfoss District Energy A/S, Shinryo Corporation, Fortum Corporation, National Central Cooling Company, Veolia Environment SA, SNC Lavalin, Keppel DHCS PTE Ltd, Siemens A/G, Ramboll Group A/S, Emirates District Cooling LLC, District Cooling Company LLC , Marafeq Qatar, etc.</p>
<p style="font-weight: 400;">TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of district cooling service providers in more than 80 countries across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified, due to limitations of secondary research. TechSci Research analyzed product offerings and regional presence of all major district cooling service provider across the globe.</p>
<p style="font-weight: 400;">TechSci Research calculated the market size for global district cooling using a bottom-up approach, where district cooling systems providers volume sales data in various end use sectors (residential, commercial and industrial) were recorded and forecast for same has been done for the coming years. TechSci Research sourced these values from industry experts and company representatives, and then externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sourcessuch as secondary sources directories, databases such as United Nation, GCC projects databases, MEED, AGFW, company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.</p>
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Related tags: Danfoss