|
|
|
Construction Industry News Releases
|
Home | Submit Press Release | Advertise | Submit Website
(Construction.IndustryNews247.Com, December 20, 2018 ) According to the new market research report “District Cooling Market by Production Technique (Free Cooling, Absorption Cooling, Electric Chillers), Application (Commercial, Residential & Institutional), Region - Global Forecast to 2021”, published by MarketsandMarkets™, the market for district cooling is projected to grow from USD 5.14 Billion in 2016 to USD 9.54 Billion by 2021, at a CAGR of 13.19% from 2016 to 2021.
Request for Free Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=27186936
Factors such as high temperature in the region, increased investments in infrastructure projects, and rapid urbanization are driving the market. Rising energy prices, growing environmental concerns, and rising demand for low cost andhigh-efficiency cooling systems are some of the other factors fueling the demand for district cooling.
The absorption cooling segment to be the fastest growing production technique in the district cooling market
The absorption cooling segment is estimated to be the most widely used production technique for meeting cooling demand as it utilizes waste energy. The absorption cooling segment accounted for the largest share in 2015 and is projected to grow at the highest rate during the forecast period. Absorption cooling is an environment-friendly means of cooling. It helps reduce the use of electrically driven cooling in the energy system and also reduces carbon dioxide emissions.
The commercial segment to account for the largest share of the district cooling market
The commercial segment accounted for the largest market share in 2015, owing to increasing demand for energy efficient cooling technologies for commercial buildings. Concerns over impact on the environment and rising energy prices has made the use of energy-efficient district cooling system a favorable solution for cooling in commercial spaces.
Browse and in-depth TOC on “District Cooling Market”
98 - Tables
57 - Figures
171 - Pages
Don’t miss out on business opportunities in “District Cooling Market”. Gain crucial information about the industry insights that will help your business grow with Special Discount: https://www.marketsandmarkets.com/discountreports.asp?id=27186936
The Middle East & Africa region to play a key role in the growth of the market for district cooling
On the basis of region, the district cooling market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Middle East & Africa is a key market for district cooling. Development in the economies and the investment on infrastructure projects in this region have led to the high growth of this market. Growing affluent population, hot weather, and climate change concerns are some of the factors driving the district cooling market in the region.
Major players operating in the district cooling market are National Central Cooling Company PJSC, Emirates Central Cooling Systems Corporation, and Emirates District Cooling LLC. These companies are adopting strategies such as expansions, contracts, and acquisitions to strengthen their market position, increase their production capacity, and widen their customer base. For instance, acquisition of Palm Utilities and Palm District Cooling by Emirates Central Cooling Systems Corporation, the largest acquisition in the district cooling industry.
The following companies are the key players in the district cooling market:
• Emirates Central Cooling System Corporation (UAE)
• National Central Cooling Company PJSC (UAE)
• Emirates District Cooling LLC (UAE)
• Shinryo Corporation (Japan)
• ADC Energy Systems LLC (UAE)
• Keppel DCHS PTE LTD (Singapore)
• LOGSTOTR A/S (Denmark)
• Ramboll Group A/S (Denmark)
• SIEMENS AG (Germany)
• Stellar Energy (U.S.)
• District Cooling Company LLC (UAE)
Request for Special Pricing on Bundle Reports @ https://www.marketsandmarkets.com/RequestBundleReport.asp?id=27186936
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
MarketsandMarkets
Mr. Shelly Singh
1-888-600-6441
sales@marketsandmarkets.com
Source: EmailWire.Com 
|
|
|
|
Construction News by Sector
|
|
|
|
Industrial News TV
|
