Global district cooling market

According to a new report from MarketsandMarkets (information provided by ReportLinker), global district cooling market is growing at 11.4% compound annual growth rate (CAGR) until 2019.
According to a new report from MarketsandMarkets (information provided by ReportLinker), global district cooling market is growing at 11.4% compound annual growth rate (CAGR) until 2019.

The district cooling market is a stabilized market in the Middle East & Africa (MEA)  region which is projected to register a remarkable growth rate of more than 16.0% in the next five years.  The MEA region would be dominating the market, capturing more than 40% of the overall district cooling demand by 2019.

District cooling market finds usage based on end-user applications. It is used for commercial, residential, industrial, and others. Their major application is in the commercial and residential sector. These include commercial complexes, offices, airports, museums, transportation, residential societies and complexes, and others.

Upcoming opportunities for the district cooling market players are the emerging economies in the Asia-Pacific region. This is so, because, nations like China and India are developing at a faster rate and coming up with large scale commercial and residential projects and number of special economic zones (SEZs) which can be suitable for investments to boost the district cooling market and capitalize to the fullest.

The district cooling market consists of major players such as Tabreed (UAE), Empower (UAE), Emicool (UAE), Ramboll (Denmark), Stellar Energy (U.S.), and regional players such as Shinryo Corporation (Japan) and Keppel DHCS (Singapore).