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Europe District Cooling Market Size
- Report ID: GMI2478
- Published Date: Jul 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe District Cooling Market Size in 2023: | USD 39.8 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 4.7% |
| 2032 Value Projection: | USD 59.6 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 309 |
| Segments covered: | Production Technique, Application & Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe District Cooling Market Scope
