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Middle East District Cooling Market Size

Report ID: GMI2031
Published Date: Aug 2022
Report Format: PDF

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Middle East District Cooling Market Size

Middle East District Cooling Market size exceeded USD 5 billion in 2021 and is poised to register a CAGR of over 9% between 2022 and 2030.

Global warming has severely escalated surface temperatures and resulted in drastic climate change. According to climate.gov, the Earth’s temperature has increased by 0.18° C per decade since 1981, with 2021 recorded as the sixth-warmest year on record. Consequently, government bodies are becoming more inclined toward sustainable cooling solutions which may propel Middle East district cooling industry expansion.

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Escalating urbanization across developing economies

Developing economies have witnessed rapid urbanization due to improved financial stability coupled with a thriving real estate sector, driving industry growth. According to insights from real estate investment firm CBRE, over 5,542 residential real estate transactions were recorded in Dubai, UAE, in May 2022 alone. Moreover, increasing investments by public and private players in developing industrial infrastructure will have a positive impact on the middle east district cooling market demand.

Middle East District Cooling Market Report Attributes
Report Attribute	Details
Base Year:	2021
Middle East District Cooling Market Size in 2021:	USD 5,072.3 million
Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	9.2%
2030 Value Projection:	USD 11,274.2 million
Historical Data for:	2018 to 2021
No. of Pages:	200
Tables, Charts & Figures:	283
Segments covered:	Product, technique, Application
Growth Drivers:	Rising infrastructural spending Extreme climatic conditions Growing focus toward adoption of sustainable technologies
Pitfalls & Challenges:	Labor shortages Uncertain construction cost, financing and non-guaranteed cash flows

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Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of middle east district cooling crossed USD 5 billion in 2021 with surging demand for energy-efficient technologies.

The free cooling production technique of accounted for a 25% of the market share due to the growing adoption of clean energy technologies.

The residential application held a value of over USD 2.5 billion in 2021 and this can be credited to the surging interest in small-scale DC cooling systems.

Some of the key players operating in the industry include SNC Lavalin Group, Ramboll Group A/S, Qatar District Cooling Company (Qatar Cool), and Siemens.