Middle East District Cooling Market to exceed 17 Million RT by 2024

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Global Middle East District Cooling Market to hit
12bn by 2024 Global Market Insights Inc.
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Key Insights from Middle East District Cooling
Market

• Middle East District Cooling industry analysis is
  covered in this latest research report that aims
  to help those taking daily business decisions by
  providing market trends information, competitive
  landscape scenario, forecasts and more.
• Increasing investments toward infrastructure
  development across the GCC countries coupled with
  growing demand for reliable and cost-efficient
  cooling systems will drive the district cooling
  market size. Rapid urbanization along with
  ongoing construction developments across
  government projects in prominent cities of Saudi
  Arabia including Mecca and Riyadh will stimulate
  the product penetration. In 2015, Emicool
  underlined its plan to expand its DC plant
  capacity to 250,000 tons of refrigeration in line
  with the expansion of the Dubai Investments Park
  as a part of its growth strategy for Dubai World
  Expo 2020.
• Commercial district cooling market size is set to
  exceed 8 Million RT by 2024. Hotels, malls,
  shops, offices and hospitals are some of the key
  applications area. Increasing emphasis on energy
  conservation along with rising demand for
  Leadership in Energy and Environmental Design
  (LEED) certified buildings will positively impact
  the business growth.

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Continued...

• Flourishing construction sector coupled with
  ongoing government targets towards energy
  efficiency will fuel the UAE district cooling
  market growth. Companies in the UAE including
  Empower and Logstor as a part of strategy entered
  into a joint venture to use fibre optic networks
  in their large DC systems for conservation of
  water resources in cooling distribution and
  production.
• Growing adoption of sustainable energy to meet
  the escalating energy demand will embellish the
  district cooling market. Government legislations
  toward promotion of energy efficient and
  economical cooling solutions coupled with rising
  environmental concerns will stimulate the product
  penetration. The Dubai Integrated Energy Strategy
  2030 developed in line with the Green Growth
  Strategy and the UAE Vision 2021 has set
  strategic directions toward secure and
  uninterrupted sustainable energy supply.
• Torrid weather conditions and high humidity
  climate zones across Middle East will propel the
  district cooling market. The GCC countries
  experiences the longest summers with highest
  temperatures reaching about 540 C in 2016.

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Continued...

• Absorption cooling in 2016 accounted for over 6
  of district cooling market revenue. This
  technique is eco-friendly in nature and utilizes
  waste energy for production purposes. It utilizes
  heat as a source of energy and helps reduce the
  use of electrically driven cooling, thereby
  reducing carbon dioxide emissions.
• Qatar district cooling market share was valued at
  over 8 of market revenue in 2016. Significant
  expansion of DC systems and strategic government
  plans to reduce energy consumption will stimulate
  the market growth. The Qatars National Vision
  2030 aims at achieving sustainable development of
  the country by transforming and providing high
  standard of living for its citizens.
• Notable players in the district cooling market
  include Emirates District Cooling (Emicool),
  Emirates Central Cooling System (Empower) and
  National Central Cooling Company PJSC (Tabreed).
  Other industry participants include Qatar Cool,
  Stellar Energy, Siemens, Marafeq Qatar, ADC
  Energy, Shinryo Corporation and Logstor.

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Saudi Arabia District Cooling Market, By
Production Technique, 2016 2024 (Million RT)

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District Cooling Market _at_ http//bit.ly/2wF11G0
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Report _at_ https//www.gminsights.com/request-sample
/detail/2031
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360 Analysis

• By Application
• Commercial district cooling market is predicted
  to exceed over 8 million RT by 2024. Increasing
  private investments towards the development of
  energy efficient commercial building structures
  to facilitate the daily needs of growing urban
  population will fuel the business growth.
• Residential district cooling market will witness
  strong growth owing to escalating energy prices
  along with growing in urban population. In 2016,
  Emicool, announced its plan to increase its DC
  plant capacity to 500,000 RT by 2020 as a part of
  its Dubai Investments Park expansion.
• By Region Trends
• Saudi Arabia district cooling market size in 2016
  was valued over USD 1.5 billion. Rising demand
  for energy efficient cooling systems to
  facilitate with green building standards will
  stimulate the industry size. Increasing
  commercial and residential construction
  activities across prominent cities of Mecca and
  Riyadh coupled with favorable government
  initiatives toward deployment of DC systems will
  further complement the industry landscape.
• Competitive Market Share
• Notable players in the district cooling market
  include Emirates District Cooling (Emicool),
  Emirates Central Cooling System (Empower) and
  National Central Cooling Company PJSC (Tabreed).
  Other industry participants include Qatar Cool,
  Stellar Energy, Siemens, Marafeq Qatar, ADC
  Energy, Shinryo Corporation and Logstor.

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