District Cooling Market: By Source, By Production Technique, By Operations, By End Users, and Region
District Cooling Market: By Source, By Production Technique, By Operations, By End Users, and Region
District Cooling Market was valued at US$ 26,928.1 million in 2023 and is poised to grow at a 7.1% CAGR from 2024 to 2030. Globally, the district cooling systems reduce the demand for improved air conditions due to rising global temperatures and climate change, that account for around 70% of peak electricity demand. The use of district cooling offers economies of scale, which drives efficiency and reduces costs. In coming years, the government will drive the district cooling systems to reduce the greenhouse gas emission and rapid environmental changes. Furthermore, the market is projected to expand as large population is becoming aware of benefits of district cooling systems owing to its less energy usage. The market will also grow due to the demand of rapid urbanisation and rising income level of the population.
Study Period
2024 - 2030Base Year
2023CAGR
7.1%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The increase in residential areas and government policies for environmental conservation are major driving factors for district cooling market growth in the Middle East, especially in the GCC countries. The market is anticipated to witness a fixed growth due to the centralized and more efficient cooling solution for buildings and communities in the forecast period. sustainable and cost-effective solutions can be provided by the district cooling systems especially in the densely populated areas. The market growth is also driven by the increasing demand for energy-efficient and sustainable cooling solutions, particularly in regions with high cooling demands and energy costs. Furthermore, there is a development of more efficient and reliable district cooling systems due to the advancements in technology and the development of new materials and equipment, which are expected to further drive the market growth.
Based on regions, the market share is segmented into North America, Asia-Pacific, Europe, Latin America, and MEA. The District Cooling Market in the Asia Pacific will contribute a significant revenue share in 2023, it is predicted to increase rapidly. It is attributed to the increasing prevalence of neurological disorders and depression across the region. China is dominating in psychedelic market, the market is predicted to expand due to lifestyle consequences and increased FDA-approved product sales in the market. North America holds the major market share in the global market and is expected to dominate the market, rising prevalence of mental illness and, a rise in research and development activities of psychedelic drugs. For instance, as per Adult Prevalence of Mental Illness statics, 19.28% of adults are experiencing a mental illness, which is around 50 million Americans. Hence the prevalence of mental disorders leads to an increase in the demand for psychedelic drugs in the market. also, the presence of global key players in this region boosts the market growth.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024 - 2030 |
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Market Size in 2023 |
US$ 26,928.1 million |
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Market CAGR |
7.1% |
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By Source |
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By Production Technique |
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By Operations |
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By End Users |
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The global district cooling market size was valued at US$ 26,928.1 million in 2023 and is projected to grow at a CAGR of 7.1% from 2024 to 2030.
The commercial held the major market share in the district cooling market.
The leading players in the District Cooling Market are Veolia, Danfoss, Emirates District Cooling, LLC, Shinryo Corporation, Alfa Laval AB, ADC Energy Systems LLC, Daikin Industries Ltd., National Central Cooling Company PJSC, SNC-Lavalin
| 1.Executive Summary |
| 2.Global District Cooling Marketv Introduction |
| 2.1.Global District Cooling Marketv - Taxonomy |
| 2.2.Global District Cooling Marketv - Definitions |
| 2.2.1.Source |
| 2.2.2.Production Technique |
| 2.2.3.Operations |
| 2.2.4.End Users |
| 2.2.5.Region |
| 3.Global District Cooling Marketv Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global District Cooling Marketv Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global District Cooling Marketv By Source, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Natural gas |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Coal |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Geothermal |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global District Cooling Marketv By Production Technique, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Free cooling |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Absorption chillers |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Compression chillers |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. others |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7.Global District Cooling Marketv By Operations, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Storage |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Distribution |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Production |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global District Cooling Marketv By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Residential |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Commercial |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Industrial |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9.Global District Cooling Marketv By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America District Cooling Marketv ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Natural gas |
| 10.1.2.Coal |
| 10.1.3.Geothermal |
| 10.1.4.Others |
| 10.2. Production Technique Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Free cooling |
| 10.2.2.Absorption chillers |
| 10.2.3.Compression chillers |
| 10.2.4.others |
| 10.3. Operations Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Storage |
| 10.3.2.Distribution |
| 10.3.3.Production |
| 10.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Residential |
| 10.4.2.Commercial |
| 10.4.3.Industrial |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe District Cooling Marketv ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Natural gas |
| 11.1.2.Coal |
| 11.1.3.Geothermal |
| 11.1.4.Others |
| 11.2. Production Technique Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Free cooling |
| 11.2.2.Absorption chillers |
| 11.2.3.Compression chillers |
| 11.2.4.others |
| 11.3. Operations Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Storage |
| 11.3.2.Distribution |
| 11.3.3.Production |
| 11.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Residential |
| 11.4.2.Commercial |
| 11.4.3.Industrial |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 12.Asia Pacific (APAC) District Cooling Marketv ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Natural gas |
| 12.1.2.Coal |
| 12.1.3.Geothermal |
| 12.1.4.Others |
| 12.2. Production Technique Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Free cooling |
| 12.2.2.Absorption chillers |
| 12.2.3.Compression chillers |
| 12.2.4.others |
| 12.3. Operations Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Storage |
| 12.3.2.Distribution |
| 12.3.3.Production |
| 12.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Residential |
| 12.4.2.Commercial |
| 12.4.3.Industrial |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) District Cooling Marketv ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Natural gas |
| 13.1.2.Coal |
| 13.1.3.Geothermal |
| 13.1.4.Others |
| 13.2. Production Technique Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Free cooling |
| 13.2.2.Absorption chillers |
| 13.2.3.Compression chillers |
| 13.2.4.others |
| 13.3. Operations Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Storage |
| 13.3.2.Distribution |
| 13.3.3.Production |
| 13.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Residential |
| 13.4.2.Commercial |
| 13.4.3.Industrial |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America District Cooling Marketv ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Natural gas |
| 14.1.2.Coal |
| 14.1.3.Geothermal |
| 14.1.4.Others |
| 14.2. Production Technique Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Free cooling |
| 14.2.2.Absorption chillers |
| 14.2.3.Compression chillers |
| 14.2.4.others |
| 14.3. Operations Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Storage |
| 14.3.2.Distribution |
| 14.3.3.Production |
| 14.4. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Residential |
| 14.4.2.Commercial |
| 14.4.3.Industrial |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Veolia |
| 15.2.2.Danfoss |
| 15.2.3.Emirates District Cooling, LLC |
| 15.2.4.Shinryo Corporation |
| 15.2.5.Alfa Laval AB |
| 15.2.6.ADC Energy Systems LLC |
| 15.2.7.Daikin Industries Ltd. |
| 15.2.8.National Central Cooling Company PJSC |
| 15.2.9.SNC-Lavalin |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
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