The ongoing trend of adopting sustainable and energy-efficient cooling systems is anticipated to foster the growth of the global district cooling market. District cooling systems have been known to have five to ten times more efficiency compared to traditional cooling systems. They can reduce energy consumption by 50%. Rapid urbanization, migration of people from villages and small towns to metropolitan cities and tier 1 cities, and increased spending on infrastructure have created a need for district cooling. The need for an effective space cooling system in offices, malls, industries, apartments, and houses is expected to propel the district cooling market in the forecast period. Significant investments in real estate projects and tourism in the GCC region have resulted in a high demand for district cooling in GCC countries. Despite the high initial cost, operators and owners favor the use of district cooling systems as they are energy efficient and have lower maintenance and operational costs.
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Top Key Major Players:-
1. ADC Energy Systems LLC
2. Emicool
3. Empower
4. Keppel Corporation Limited
5. Logstor A/S
6. Ramboll Group A/S
7. Shinryo Corporation
8. Siemens AG
9. Stellar Energy
10. Tabreed