District Cooling Market: By Source (Natural Gas, Coal, Geothermal, and Others), By Production Technique (Free Cooling, Absorption Chillers, and Compression Chillers), By Operations (Storage, Distribution, and Production), By End Users (Residential, Commercial, and Industrial), and Geography 

Purchase Option

$ 4400
$ 6600
$ 8900

District Cooling Market was valued at USD 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.

District Cooling Market Key Developments:
  • In May 2023, Tabreet, a United Arab Emirates (UAE) district cooling company, entered into a strategic partnership with Tata Realty & Infrastructure Ltd. By which, the former landed its first breakthrough project in the growing economy of India and will register an investment of Dh 44.34 million in the latter’s Intellion Park special economic zone located in the Gurugram area.
  • In March 2023,Empower made an agreement with Sobha Realty, one of the top premium real estate developers in the UAE, to offer environmentally friendly district cooling services to the developer's mixed-use projects, including the Sobha Hartland master community with a capacity of 17,000 refrigeration tons (RT).

District Cooling Market Summary

Study Period

2024 - 2030

Base Year

2023

CAGR

7.1%

Largest Market

North America

Fastest Growing Market

Asia Pacific
District Cooling Market Dynamics

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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.

District Cooling Market Segmentation

By Source
  • Natural gas
  • Coal
  • Geothermal
  • Others
By Production Technique
  • Free cooling
  • Absorption chillers
  • Compression chillers
  • others
By Operations
  • Storage
  • Distribution
  • Production
By End Users
  • Residential
  • Commercial
  • Industrial

Frequently Asked Questions

North America held the largest market share in the global district cooling market.

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 
  • 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

Adjacent Markets