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District Cooling Market Trends

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

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District Cooling Market Trends

The district cooling industry is anticipated to witness substantial growth on account of their lower environment impact and higher efficiency. Ongoing government and regulatory measures toward adoption of district cooling projects through their incentives program, framework, and favorable policies will stimulate the technological demand. Rising investment by the key private and public players toward development of sustainable district cooling projects will augment the industry outlook.

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.