The District Cooling Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the District Cooling Market?
The size of the district cooling market has experienced significant growth recently. The market, which was valued at $17.98 billion in 2024, is projected to increase to $20.13 billion in 2025. This equals a compound annual growth rate (CAGR) of 11.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the District Cooling Industry?
By 2029, the district cooling market is anticipated to expand to a market size of $31.76 billion, with a compound annual growth rate (CAGR) of 12.1%.
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What are the Key Growth Drivers Fueling the District Cooling Market?
The key drivers in the district cooling market are:
• Growing need for efficient cooling systems
• Rapid construction activities and infrastructure development
• Increasing global population and urbanization
• Growing emphasis on sustainability
Global Market Segmentation: Identifying Major District Cooling Industry Segments
The district cooling market covered in this report is segmented –
1) By Production Technique: Free Cooling, Absorption Cooling, Electric Chillers, Other Production Techniques
2) By Function: Stationary Cooling, Transport Cooling
3) By Application: Commercial, Residential, Industrial
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What are the Emerging Trends Shaping the Future of the District Cooling Market?
The key trends in the medical lighting technologies market are:
• The utilization of advanced data analytics for optimizing cooling system efficiency is a major trend.
• There is a notable emergence of District Cooling as a Service (DCaaS) models.
• Adoption of smart grid technologies in district cooling networks is increasing.
• The focus on cold energy recovery and utilization in district cooling is on the rise.
Who Are the Top Competitors & Leading Players in the District Cooling Market?
Major companies in the district cooling market are:
• Ramboll Group A/S
• Fortum Corporation
• Emirates District Cooling LLC
• Engie SA
• National Central Cooling Company PJSC
• Veolia Environnement SA
• Empower India Ltd.
• Qatar District Cooling Company
• Keppel DHCS Pte Ltd.
• ADC Energy Systems LLC
• Stellar Energy Systems Inc.
• Shinryo Corporation
• Cetetherm AB
• Logstor AS
• Alfa Laval AB
• Wien Energie Vertrieb GmbH & Co. KG
• Danfoss Group
• Marafeq Qatar
• Emirates Central Cooling Systems Corp.
• DC PRO Engineering
• Johnson Controls International plc
• Siemens AG
• Trane Technologies plc
• Carrier Global Corporation
• Hitachi Ltd.
• LG Electronics Inc.
• Daikin Industries Ltd.
• GEA Group AG
Regional Dominance: Which Area Leads the Global District Cooling Market?
Middle East was the largest region in the district cooling market share in 2024
