Emirates Central Cooling Systems Corporation, one of the pioneers of district cooling market, recently generated a heavy momentum in this fraternity with the news of connecting almost 40 buildings with its district cooling services in the first half of 2018. The total connected load in this period was more than 52000 RT (refrigeration tones). Reportedly, the company has further awarded the suppliers and contractors with 25 contracts on new projects across various areas in Dubai, in which the company currently operates 73 district cooling plants.
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For the record, Empower started its operation in the year 2014 by providing district cooling services to only two buildings and the company set a record of providing services to more than 1000 buildings by the end of 2017. Empower’s initiative not just reflects the company’s strengthened position in Middle East district cooling market, but also depicts the growing consumer awareness regarding the importance of energy efficient cooling technologies.
From the economic point of scale as well, district cooling market is indeed a viable investment spot for GCC countries. Air conditioning across these regions is deemed to be highly cost intensive. As per estimates, the cooling capacity installation across GCC belt approximately costs around USD 50 billion. Accounting for almost 50% of annual electricity consumption and an annual fuel opportunity cost of USD 20 billion, air conditioning presently is the chief determinant of the region’s increasing power requirements. It has been claimed that the cooling demand in this belt would nearly triple by the end of 2030, due to extreme climatic conditions.
District cooling market, however, makes economic sense in areas of highly cooling density. According to estimates, district cooling consumes nearly 40 to 50% less energy for every refrigeration ton-hour that traditional in-house building technologies. In fact, as per experts’ opinion, these sustainable services under favorable circumstances offer significant operational efficiency as well as cost gains.
The rising adoption of heat pumps on account of their affinity with sustainable and efficient heating technologies will foster the district cooling market. Furthermore, the technology is extensively used for providing heating, cooling and electricity across the residential and commercial establishments. The technology utilizes the waste heat for the production of energy and reduces the carbon emissions effectively when compared with its counterpart.
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Eminent players serving the district cooling market includes Tabreed, Keppel Dhcs, Singapore District Cooling, SNC Lavalin, Emicool, ADC Energy, Fortum, Vattenfall, Veolia, Shinryo Corporation, Sellar Energy, Ramboll, Alfa Laval, Siemens, Qatar Cool, Empower, Goteborg Energi, Helen, Logstor, Wien Energi and Engie.
Some Points From Table Of Content: –
Chapter 4. District Cooling Market, By Production Technique
4.1. District cooling industry share by production technique, 2017 & 2024
4.2. Free Cooling
4.2.1. Market estimates and forecast, 2013-2024
4.3. Absorption Cooling
4.3.1. Market estimates and forecast, 2013-2024
4.4. Heat pumps
4.4.1. Market estimates and forecast, 2013-2024
4.5. Electric Chillers
4.5.1. Market estimates and forecast, 2013-2024
4.6.1. Market estimates and forecast, 2013-2024
Chapter 5. District Cooling Market, By Application
5.1. District cooling industry share by application, 2017 & 2024
5.2.1. Market estimates and forecast, 2013-2024
5.3.1. Market estimates and forecast, 2013-2024
184.108.40.206.1. Market estimates and forecast, 2013-2024
220.127.116.11. Office Buildings
18.104.22.168.1. Market estimates and forecast, 2013-2024
22.214.171.124. Government Buildings
126.96.36.199.1. Market estimates and forecast, 2013-2024
188.8.131.52.1. Market estimates and forecast, 2013-2024
5.4.1. Market estimates and forecast, 2013-2024
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