MEP Middle East
Summary
District cooling (DC) involves the provision of cooling multiple buildings from one or more central cooling plants that are interconnected to the cooling users via a network of supply and return piping.
As per UAE-based Emicool’s definition, district cooling protects the environment by increasing energy efficiency and reducing environmental emissions including air pollution by utilizing environmental friendly chilled water instead of harmful ozone destroying refrigerants.
The global district cooling market accounted for $6.59bn in 2017 and is expected to reach $21.98bn by 2026 growing at a CAGR of 14.3% during the forecast period.
According to Market Watch, some of the factors such as increasing environmental issues, cost-effectiveness, growth in urbanisation sectors, increase in energy prices, and huge investments in infrastructure projects are fueling the market growth.
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