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District Cooling Market Share

Report ID: GMI2672
Published Date: Jul 2024
Report Format: PDF

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District Cooling Market Share

District Cooling Market Company Market Share Analysis, 2023

Fortum is involved in generating, selling, and distributing electricity, heat, and steam. The company also operates and maintains power plants across various segments. These include electricity sales, heat solutions, and district cooling activities. Fortum's power operations encompass physical operations, trading, expert services, and power generation from wind, thermal, hydro, and nuclear sources. They also focus on optimizing their power portfolio. In the heat segment, Fortum engages in combined heat and power generation, along with providing customer-oriented heating solutions.

District Cooling Market Companies

The key industry players include:

ADC Energy Systems
Cetetherm
Danfoss
DC Pro Engineering
Emicool
Empower
ENGIE
Fortum
Göteborg Energi
Helen Oy
Keppel Corporation Limited
Logstor A/S
Marafeq Qatar
Pal Group
Qatar District Cooling Company
Ramboll Group A/S
Shinryo Corporation
Siemens
Singapore Power Ltd.
SNC-Lavalin Group
Stellar Energy
Tabreed
Vattenfall AB
Veolia
Wien Energie GmbH

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of district cooling was worth over USD 116.4 billion in 2023 and will grow at 4.8% CAGR between 2024 and 2032, fueled by rising urbanization rates, the need for sustainable cooling solutions, and advancements in technology.

The commercial district cooling market will record 4% CAGR through 2032, attributed to increasing demand from large-scale commercial complexes, shopping malls, and office buildings.

North America district cooling industry will surpass USD 95 billion by 2032, driven by high concentration of commercial hubs, large-scale infrastructure projects, stringent environmental regulations and increasing focus on sustainable urban development.

ADC Energy Systems, Danfoss, DC Pro Engineering, Empower, ENGIE, Fortum, Helen Oy, Keppel Corporation Limited, Pal Group, Qatar District Cooling Company, Ramboll Group A/S, Siemens, Singapore Power Ltd., SNC-Lavalin Group, Stellar Energy, Vattenfall AB, and Veolia, among others.