Industry News

 View Only

GCC driving $40bn global district cooling market

By District Energy posted 09-23-2019 16:43


GDN Online


The global market for district cooling sector is booming, and is estimated to hit $39.9 billion by 2026 from $21.9 billion last year, growing at a CAGR of 7.77 per cent, said a report.

The rising support from the governments in GCC countries is driving the global district cooling market, according to a published report by Fortune Business Insights, titled, "District Cooling Market: Global Market Analysis, Insights, and Forecast, 2018-2026."

Some of the leading players in the global district cooling market are: Engie; National Central Cooling Company (Tabreed); Empower (Emirates Central Cooling System Corporation); Emicool; Veolia; Enwave Energy Corporation; Petronas; Shinryo Corporation; Keppel Corporation; Ramboll; Singapore Power; Fortum; Vattenfall; Logstor; Danfoss; Stellar Energy; Marafeq Qatar and SNC Lavalin.

Dubai-based Empower had recently announced the setting up of world's first unmanned district cooling plant in UAE. The plant construction is 80% complete and once it is fully operational, the plant will have a total capacity of 50,000 refrigeration tonne (RT).

Full Article

Continue Reading