Major Players in District Cooling Market: LOGSTOR (Denmark), Emicool (UAE), Ramboll (Denmark), Empower (UAE), Tabreed (UAE), Shinryo Corporation (Japan), Stellar Energy (U.S.), Siemens AG (Germany).
(PRWEB) November 06, 2014
The research report "District Cooling Market by Application (Commercial, Residential, Industrial, and Others) - Global Trends & Forecasts to 2019", defines and segments the district cooling market with an analysis and forecast of the market size by volume and value. The district cooling market size in terms of value is projected to reach $29.0 billion by 2019, at a CAGR of 11.4% from 2014 to 2019.
Browse 86 market data tables and 99 figures spread through 254 slides and in-depth TOC on “District Cooling Market”.
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The district cooling market is likely to witness a CAGR of 10.3% from 2014 to 2019 in terms of volume. The district cooling market is undergoing focus change toward its acceptability and its benefits over conventional methods of cooling. It is an established fact that the only way to reduce environmental damage is to shift toward energy-efficient technologies which emit less carbon emissions. District cooling has proved its benefits over conventional cooling both in terms of economy, environment, and energy.
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The need of hour is to promote its wide usage so that its benefits can be reaped all over the globe. It is equally essential to address the burning issues prevailing in the market which have been observed in the MEA region. The issues include inaccurate estimation of cooling demand and incoherent cost recovery models. The district cooling providers need to come up with the best possible solution to address these issues in order to make the district cooling business flourish. Big players such as Tabreed (UAE), Empower (UAE), Emicool (UAE), and others are adopting capacity expansion as their common strategy to boost their market share and promote competition.
District cooling market: Growing demand from the Middle East & Africa (MEA)
The Middle East & Africa (MEA) is estimated to be the leading user of the district cooling. MEA currently accounts for nearly 30.7% share of the overall district cooling market. The demand in the region is strong due to the rapid development of commercial and real estate sector along with the shift of focus toward efficient use of energy and cleaner environment to address the growing cooling requirements with time. This has projected the Middle East & Africa (MEA) as an investment hub where several major companies have placed themselves to target the highest growing market. The companies have proven track record and technical expertise.
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The companies are increasingly expanding their capacity in the Middle East & Africa (MEA) and Asia-Pacific region to tap the growing district cooling demand. The other most common growth strategy in the market is supply contracts, which means the companies, are coming up with long term supply contracts with the users to strengthen their business.
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