Published Date: 2021-05-08
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UAE District Cooling Market size is estimated to secure a lucrative CAGR from 2021 to 2027, according to a latest forecast report by Graphical Research.
The UAE industry growth is owing to rising infrastructural spending coupled with growing district cooling demand during extreme hot weather condition will drive the industry scenario. District cooling is recognized as centralized energy production plant and distribution system delivering required cooling air to multiple buildings through underground chilled water pipelines. Severe regulatory norms and mandates toward deployment of efficient energy DC systems along with ongoing upgradation of district cooling systems will fuel the market revenue. Rising technological enhancements to upsurge the TR capacity of prevailing cooling plants and ongoing construction activities including commercial & residential sector will positively sway the industry landscape.
UAE district cooling market across industrial sector is predicted to witness significant growth through 2027 on account of growing applicability of cooling systems in oil & gas refineries, production and manufacturing plants. In addition, ongoing regulatory measures to minimize carbon footprint along with the increasing utilization of cool air and cold water will stimulate the deployment of DC technology across the manufacturing sector. Continuous deployment of DC systems with high capacity to fulfill the upcoming cooling demand on account of harsh weather conditions will complement the market outlook.
Browse detailed statistical insights from the report, “UAE District Cooling Market Size By Application (Residential, Commercial, Industrial), By Production Technique (Free Cooling, Electric Chiller, Absorption Cooling), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1779/uae-district-cooling-market
The free cooling production technique will register exponential demand till 2027. Free cooling involves the utilization of cold water from seas, oceans, lakes, rivers as well as waste cooling energy sources, which is delivered to urban establishments via district cooling networks. This technology provides easy cooling production technique, inclined customer base and low operational cost which will foster the technology demand. Moreover, robust construction activities across the country to fulfill the rising commercialization and industrialization followed by ability to decrease net power consumption load will complement the market adoption.
Paradigm shift toward strategic agreements, contracts and partnerships across the region by domestic industry players have further infused a positive outlook toward the industry. In addition, major participants have started expansion of present cooling plants which will thrust the business scenario. For instance, in 2019, Emirates Central Cooling Systems Corporation (Empower) announced the construction of new district cooling plant in Dubai Production City. The project is bifurcated into two phases which will supply 47,000 RT. The construction of the new cooling plant will worth over USD 50 Million. This investment will expand the net energy generation capacity across the UAE. The industry witnessed minimal impact of pandemic due to strong project pipeline Industry observed no delay in the projects during the COVID – 19 scenarios.
Major strategies implemented by the players are technical acquisitions, inorganic development and enhancement of product portfolios. Players operating across the market includes ARANER, Delta District Cooling Services, Veolia, National Central Cooling Company (Tabreed), Empower, Siemens, Emicool, and amongst others.
The UAE district cooling market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
UAE Market, By Production Technique
UAE Market, By Application
The above information has been provided for the following countries:
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