The European District Cooling Market is set to grow from its current market value of more than $35 billion to over $40 billion by 2024; according to a new research report by Global Market Insights.
Acceleration in the demand for space cooling systems along with growing concerns pertaining to carbon emissions will drive the market size.
Extreme climatic conditions across the region including Sweden, Italy and Germany is expected to stimulate product penetration. For instance, in 2017, the number of annual cooling degree days (CDD) in Italy were 295 when compared with 200 in 2016.
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