Middle East District Cooling Market Analysis

Middle East District Cooling Market Analysis

The free cooling technology held nearly 25% of the market revenue share in 2021. This can be attributed to the rising deployment of clean energy technologies, reduced usage of refrigerants harmful to the environment, and limited need for the upgradation of existing electric infrastructure. The free cooling technique includes the usage of cool ambient air or cool water collected from water bodies such as seas, oceans, rivers, and lakes.
 

The residential district cooling market accounted for USD 2.5 billion in 2021. Rapid urbanization in developing economies along with growing interest in sustainable, small-scale DC cooling systems for residential spaces will accelerate market growth. However, the rising integration of cooling systems with energy-efficient technologies will favor segmental expansion.
 

From a country-level perspective, the industry is bifurcated into Saudi Arabia, UAE, Oman, Qatar, Kuwait, and Bahrain. The UAE district cooling market is expected to grow at a rate of 9% through 2030. This growth is accredited to supportive administrative regulations, growing investments for developing residential infrastructures, and escalating urbanization.