Europe District Cooling Market Size – By Production Technique (Free Cooling, Absorption Cooling, Heat Pumps, Electric Chillers), By Application, By Country Outlook & Forecast, 2024 – 2032

Europe District Cooling Market Size

Europe District Cooling Market was valued at USD 39.8 billion in 2023 and is anticipated to grow at a CAGR of 4.7% from 2024 to 2032. The increasing summer temperatures owing to extreme climatic changes along with surging need for efficient cooling solutions will encourage the industry potential. Growing incorporation of renewable energy sources for cooling in association with burgeoning investments in commercial and industrial establishment will positively influence the business dynamics.

District cooling is a centralized system that provides chilled water for air conditioning to multiple buildings within a designated area. Rising adoption of these technologies aimed at energy consumption and reducing GHG emission in association with ongoing innovation in cooling infrastructure will propel the industry scenario. Moreover, surging investment in refurbishment of existing smart grids, efficient chillers, and advanced thermal storage in tandem with incorporation of renewable energy systems will escalate the deployment of district heating & cooling systems.
 

Europe District Cooling Market Trends

The industry is set for substantial growth owing to improved energy efficiency, lower environmental impact, and reduced operational costs. Continuous development commercial centers and industrial zones in line with robust urbanization and industrialization growth will cater favorable business opportunities. Furthermore, supportive government policies pertaining to adoption of efficient and clean energy source along with minimizing carbon emission will energize the demand for district cooling systems.
 

Europe District Cooling Market Analysis

The electric chiller district cooling industry size is set to exceed USD 20 billion by 2032, driven by increasing environmental concern and advantages of sustainable cooling solutions. Rapid growth in existing industrial network coupled with rising focus toward reliable and efficient cooling infrastructure compliance with supportive regulatory standards, which in turn will augment the industry growth. Continuous innovation in chillers technology comprising by incorporation of IoT and smart systems along with adoption of renewable energy units will positively complement the business outlook.
 

The commercial district cooling market size will observe a notable growth of over 4% through 2032. Robust urbanization growth across key emerging economies with reliable and sustainable cooling infrastructure in conjunction with development & expansion of commercial complexes will boost the industry penetration. Additionally, ongoing government regulations aimed at promoting more efficient cooling solutions to curb energy consumption and maintenance costs, thereby propelling the business growth. Heightened awareness of climate change in line with growing necessity to curb carbon emissions will further accelerate the deployment of these units.
 

The France district cooling market will surpass USD 18 billion by 2032. The country is witnessing substantial surge driven by increased investments from prominent private and public industry players in infrastructure projects. Continuous efforts by the government to promote toward integration of renewable energies combined with advancements in chillers technology featuring smart control systems are poised to elevate the performance, efficiency, and reliability of cooling solutions, thereby influencing the business landscape. Moreover, ongoing upgradation of existing buildings with efficient cooling systems to improve energy efficiency aligned with strict emission standards will foster the industry dynamics.
 

Europe District Cooling Market Share

Danfoss specializes in providing specialized products and solutions across multiple sectors, operating in distinct segments such as heating, cooling, and drives. In the district cooling sector, the company focuses on delivering efficient technologies and solutions. This includes advanced cooling systems, thermal storage solutions, and optimization technologies tailored for district cooling networks. Its portfolio emphasizes innovations in energy efficiency, smart grid integration, and sustainable cooling solutions, positioning the company as one of the leaders in advancing environmental sustainability and operational efficiency in the district cooling industry.
 

Europe District Cooling Market Companies

The key industry players include:

• Alfa Laval
• Cetetherm
• Daikin
• Danfoss
• ENGIE
• Fortum
• Göteborg Energi
• Helen Oy
• Logstor A/S
• Ramboll Group A/S
• Siemens
• Tampereen Energia
• Vattenfall AB
• Veolia
• Wien Energie GmbH
   

Europe District Cooling Industry News

• In February 2024, Danfoss acquired BOCK, a provider of sustainable cooling and heating solutions. The acquisition enhances Danfoss's portfolio to include a wide range of highly efficient compressor technologies catering to various refrigerants and HVAC&R applications. This strategic move aligns with Danfoss's commitment to supporting customers in developing resilient and energy-efficient systems across heating and cooling processes.
   
• In January 2022, ENGIE and RATP Group have embarked on an ambitious project to manage Paris's cooling network through their jointly owned company, Fraîcheur de Paris. The initiative supports Paris's decarbonization goals and climate adaptation strategies, providing a sustainable alternative to traditional air-conditioning methods. The expansion aims to include cooling services for healthcare facilities, schools, nurseries, nursing homes, local businesses & selected residential units, contributing to cooling accessibility and environmental sustainability efforts amidst global warmings.
   

This Europe district cooling market research report includes in-depth coverage of the industry with estimates & forecast in terms of “TJ” & “USD Million” from 2021 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Production Technique

• Free cooling
• Absorption ooling
• Heat Pumps
• Electric Chillers
• Others

Market, By Application

• Residential
• Commercial
  • College/University
  • Office Building
  • Government Building
  • Others
• Industrial

The above information has been provided for the following countries:

• Germany
• Poland
• Sweden
• Italy
• France
• Finland
• Austria
• Norway