UAE District Cooling Market – Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled UAE District Cooling Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing UAE District Cooling market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
UAE District Cooling Reports Highlights
What is the size of the UAE District Cooling Market?
The UAE District Cooling Market is projected to grow at a CAGR of around 10.12% during the forecast period, i.e., 2023-28. The UAE is taking the lead in the development of district cooling as a significant energy-efficient utility sector chosen by the governments of the Gulf nations. The Middle East and Africa region is crucial to reversing climate change and advancing global efforts to cut carbon emissions. In arid climates, cooling is a constant and energy-intensive operation, hence district cooling offers significant energy savings.
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What do the growth prospects and trends look like in the UAE District Cooling Industry?
Further, the overall capacity of the existing cooling plants and ongoing development projects is expected to witness an upgradation with technological advancements. For instance, Empower has awarded contracts totaling $51.73 million (AED190 million) for developing its fourth district cooling plant in Dubai’s Business Bay. Upon completion, the Business Bay project, which consists of six district cooling plants, will be the largest district cooling project in the world, with a total cooling capacity of 350,000RT thanks to the new plant’s 50,000RT output.
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What Components are encompassed within UAE District Cooling Market segmentation?
The report has divided the market into the following segments:
By Production Technique
-Free Cooling
-Absorption Cooling
-Electric Chillers
-Others (Heat Pumps, etc.)
By Application
-Hospitality
-Healthcare
-Commercial & Retail
-Government & Transportation
-Industrial
-Residential
-Others (Religious Institution, etc.)
By Region
-Dubai
-Abu Dhabi
-Sharjah & Northern Emirates.
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-Empower
-Tabreed
-Emirates District Cooling(Emicool)
-Pal Cooling Holding LLC
-Others.
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