Which factors will augment europe district cooling pipeline network market size?

A prime driving force behind the growth of Europe district cooling pipeline network market is the escalating implementation of energy efficient directives for reducing carbon footprints. Having recognized the potential energy savings that can be achieved with these systems, the European Union has framed a set of norms that would increase the deployment of these facilities across the continent. Regional government bodies have also affirmed that these systems will contribute extensively to the reduction of carbon emissions, a factor that is likely to impel Europe district cooling pipeline network market outlook.

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Numerous member countries of the EU have been liasoning with one another in order to conjointly develop district heating and cooling systems for enhancing energy efficiency in residential buildings. These countries have also pledged to lower the proportion of CO2 emissions that arise due to energy consumption in residential as well as commercial buildings. Validating the abovementioned fact, in 2018, the Scotland government signed a deal with Denmark for reducing energy consumption in buildings by 15% by 2032 and derived emissions by 23%. This cooperation depicted by the EU member countries is certain to impel Europe district cooling pipeline network market.

Increasing investments in sustainable urban development fall among the principal driving factors of Europe district cooling pipeline network market. Centered basically around energy efficiency, district cooling systems are prominently deployed by regional governments of the EU in commercial as well as residential establishments to fulfill escalating demand for cooling systems. As the requirement continues to escalate, municipal bodies are finding it mandatory to establish long-term contracts with Europe district cooling pipeline network industry giants to set up district cooling plants. The growing acceptance of these systems owing to their economic and environmental benefits is certain to propel Europe district cooling pipeline network market size, valued at USD 900 million in 2017.

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As these systems provide eco-friendly energy solutions, many commercial companies as well as residential building developers have been installing centralized cooling systems. The shifting trends toward the growing deployment of centralized cooling systems is thus likely to boost Europe district cooling pipeline network market size.

Table of content for this research report:

Chapter 5. Europe District Cooling Pipeline Network Market, By Diameter

5.1. Europe District cooling pipeline network market share by diameter, 2017 & 2024

5.2. 20 – 100

5.2.1.   Europe market from 20 – 100 mm, 2013 – 2024

5.2.2.   Europe market from 20 – 100 mm, by region, 2013 – 2024

5.3. 101 – 300

5.3.1.   Europe market from 101 – 300 mm, 2013 – 2024

5.3.2.   Europe market from 101 – 300 mm, by region, 2013 – 2024

5.4. ≥300

5.4.1.   Europe market from ≥300 mm, 2013 – 2024

5.4.2.   Europe market from ≥300 mm, by region, 2013 – 2024

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With the growing deployment of district cooling systems, pipeline manufacturers in Europe are naturally witnessing a stellar growth in product demand. In order to consolidate their stance as well in Europe district cooling pipeline network market, these manufacturers are working independently to establish new manufacturing facilities across several European countries. Powered by their efforts in conjunction with the presence of a stringent regulatory landscape and the implementation of these systems across the residential, industrial, and commercial arenas, Europe district cooling pipeline network market is forecast to cross a valuation of USD 1 billion by 2024.

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