District Cooling Definition: District cooling provides customers their HVAC requirements through a network of underground pipes. It serves multiple buildings within a particular service area.
A district cooling plant distributes chilled water (approximately 44 to 45 degrees) to the customer’s building through a set of heat exchangers located in the customer’s mechanical room. A single plant can meet the cooling needs of several buildings.
Global District Cooling Market is expected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Prominent factors driving the growth of this market consist of hot climatic conditions in Middle East region, growing infrastructure investments.
Market Segmentation: Global District Cooling Market
- The global district cooling market is segmented based on production technique into electric chillers, absorption chillers and free cooling. In 2018, electric chillers segment is valued to rule with the highest market share 2025.
- The global district cooling market is segmented based on flavour into storage, production and distribution. In 2018, storage segment is valued to rule with the highest market shares by 2025.
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Key Drivers: Global District Cooling Market
Prominent factors driving the growth of this market consist of hot climatic conditions in Middle East region, growing infrastructure investments.
Key Points: Global District Cooling Market
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Global District Cooling Market– Industry Trends and Forecast to 2025
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