District Cooling Market
District Cooling Market Size And Forecast
According to Verified Market Research, Global District Cooling Market was valued at USD 20.4 Billion in 2018 and is projected to reach USD 36.2 Billion by 2026, growing at a CAGR of 7.39% from 2019 to 2026.
Global District Cooling Market Outlook
The stringent government regulation to reduce the emission of greenhouse gases coupled with the rapid change in the climatic condition is a major factor that is expected to boost the demand. Increasing awareness about the benefits of district cooling such as low power requirement compared to the conventional decentralized air conditioning is likely to fuel the growth of the market. however, high initial investment coupled with the challenges faced while implementation of the district cooling system is anticipated to hamper the growth of the market. Moreover, the increasing demand for district cooling system owing to the rapid urbanization is an opportunity for the market to grow over the forecast period.
Global District Cooling Market Competitive Landscape
The Global District Cooling Market study report will provide valuable insight with an emphasis on the global market including some of the major players such as Engie, EMPOWER, ADC Energy Systems LLC, Keppel DHCS Pte. Ltd, Logstor A/S, Alfa Laval AB, Fortum Oyj, Vattenfall AB, Shinryo Corporation, and Singapore Power (SP) Group.
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