District Cooling Market

The global district cooling market size was USD 1.1 billion in 2024 and is projected to reach USD 1.3 billion by 2029, at a CAGR of 3.6% between 2024 and 2029. The global district cooling market is expected to grow due to surging urbanization, escalating energy costs, and strict environmental regulations. With increase in population, industrialization, and urbanization, the demand for efficient cooling solutions rises, making district cooling a compelling alternative to individual air conditioning systems. Moreover, governments worldwide are incentivizing sustainable technologies, positioning district cooling as a key component of future urban infrastructure.

The key players following the strategies between 2019 to 2024, Emirates Central Cooling Systems Corporation PJSC (UAE), Tabreed (UAE), Emicool (UAE), Shinryo Corporation (Japan), LOGSTOR Denmark Holding ApS (Denmark). The companies are majorly following product launches, investments, expansions, contracts, agreements, partnerships, funding, initial public offering, and acquisition as the strategy to grow and expand the market.

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Emirates Central Cooling Systems Corporation (Empower), which started as a joint venture between DEWA (Dubai Electricity and Water Authority) and TECOM (Dubai Technology and Media Free Zone), is one of the world’s largest provider of district cooling services. The company has recently announced its plans to be listed on the Dubai Financial Market (DFM). As reported by the International District Energy Association, Empower is the world's largest district cooling services provider and a dominant force in Dubai's district cooling market, holding over 80% of the total connected capacity. Serving more than 132,000 corporate and individual customers across 1,500+ buildings, Empower boasts a diverse client base that spans Dubai's key industrial sectors, including Residential, Commercial, Retail, Hospitality, Healthcare, Education, and Entertainment. Their operational model emphasizes transforming traditional air conditioning processes into energy-efficient systems, aligning with the UAE's carbon neutrality goals.

National Central Cooling Company PJSC (Tabreed) is one of the major district cooling providers offering district cooling to the government, commercial, residential, and private customers in Gulf Cooperation Council (GCC) countries. The total district cooling capacity of Tabreed was 1.4 million RT in 2020 and has grown at a CAGR of 9% since 2018. Tabreed provides over 1.305 million refrigeration tons of cooling through 90 plants across the region. Their services cool iconic infrastructure projects such as Sheikh Zayed Grand Mosque, Burj Khalifa, The Dubai Mall, Dubai Opera, Cleveland Clinic, Ferrari World, Yas Mall, Aldar HQ, Etihad Towers, Marina Mall, World Trade Center in Abu Dhabi featuring the Burj Mohammed Bin Rashid, Dubai Metro, Dubai Parks & Resorts, and the Jabal Omar Development in Mecca, as well as numerous hotels, hospitals, and residential and commercial towers.

Related Reports:

District Cooling Market by Production Technique (Free Cooling, Absorption Cooling, & Electric Chillers), Source (Fossil Fuels, Renewables), Application (Residential, Commercial, & Industrial) and Region - Global Forecast to 2029

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