Middle East District Cooling Market - By Production Technique (Free Cooling, Electric Chiller, Absorption Cooling), By Application (Residential, Commercial, Industrial) & Forecast, 2022-2030

Middle East District Cooling Market - By Production Technique (Free Cooling, Electric Chiller, Absorption Cooling), By Application (Residential, Commercial, Industrial) & Forecast, 2022-2030

Middle East District Cooling Market Size

Middle East District Cooling Market size exceeded USD 5 billion in 2021 and is poised to register a CAGR of over 9% between 2022 and 2030.

Global warming has severely escalated surface temperatures and resulted in drastic climate change. According to climate.gov, the Earth’s temperature has increased by 0.18° C per decade since 1981, with 2021 recorded as the sixth-warmest year on record.  Consequently, government bodies are becoming more inclined toward sustainable cooling solutions which may propel Middle East district cooling industry expansion.

To get key market trends

  Download Free Sample

Escalating urbanization across developing economies

Developing economies have witnessed rapid urbanization due to improved financial stability coupled with a thriving real estate sector, driving industry growth. According to insights from real estate investment firm CBRE, over 5,542 residential real estate transactions were recorded in Dubai, UAE, in May 2022 alone. Moreover, increasing investments by public and private players in developing industrial infrastructure will have a positive impact on the middle east district cooling market demand.
 

What are the growth opportunities in this market?

 Download Free Sample

Middle East District Cooling Market Analysis

Learn more about the key segments shaping this market

 Download Free Sample

The free cooling technology held nearly 25% of the market revenue share in 2021. This can be attributed to the rising deployment of clean energy technologies, reduced usage of refrigerants harmful to the environment, and limited need for the upgradation of existing electric infrastructure. The free cooling technique includes the usage of cool ambient air or cool water collected from water bodies such as seas, oceans, rivers, and lakes.

The residential district cooling market accounted for USD 2.5 billion in 2021. Rapid urbanization in developing economies along with growing interest in sustainable, small-scale DC cooling systems for residential spaces will accelerate market growth. However, the rising integration of cooling systems with energy-efficient technologies will favor segmental expansion.

Learn more about the key segments shaping this market

 Download Free Sample

From a country-level perspective, the industry is bifurcated into Saudi Arabia, UAE, Oman, Qatar, Kuwait, and Bahrain. The UAE district cooling market is expected to grow at a rate of 9% through 2030. This growth is accredited to supportive administrative regulations, growing investments for developing residential infrastructures, and escalating urbanization.

Middle East District Cooling Market Share

Major companies operating in the middle east district cooling market include

• Emicool
• Emirates Central Cooling Systems Corporation (Empower)
• SNC Lavalin Group
• Ramboll Group A/S
• Qatar District Cooling Company (Qatar Cool)
• Siemens
• National Central Cooling Company (Tabreed)
• ADC Energy Systems
• Marafeq Qatar
• DC Pro Engineering
• Shinryo Corporation
• Veolia
• Pal Cooling Holdings
• ARANER
• Stellar Energy

Some key players are increasingly focused on forming strategic collaborations to expand their business presence.

Impact of COVID-19 Pandemic

The COVID-19 outbreak disrupted the energy sector with a sudden rise in energy demand from residential infrastructures. This resulted in the escalation of oil prices which benefitted some Middle Eastern countries. A rise in the adoption of clean energy sources was also observed in the first half of 2021, with around USD 2.8 billion of renewable energy contracts awarded in the MENA region. Rising awareness toward the reduction of greenhouse gas emissions has also stalled the development of traditional power-producing plants in the Middle East. With such proactive approaches toward integrating clean energy, the industry is expected to register commendable growth through 2030.

This market research report on Middle East district cooling includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in “USD” from 2018 to 2030, for the following segments

Click here to Buy Section of this Report

Market, By Production Technique

• Free Cooling
• Electric Chiller
• Absorption Cooling
• Others

Market, By Application

• Residential
• Commercial
  • Education
  • Office
  • Government
  • Healthcare
  • Others
• Industrial

The above information has been provided for the following regions and countries

• Saudi Arabia
• UAE
• Oman
• Qatar
• Kuwait
• Bahrain