UAE District Cooling Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel
UAE District Cooling Market Overview: 2023-28
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-28
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.
Markntel Advisor’s
UAE District Cooling Market Insights
report provides the current and forecast market analysis, individual leading
companies' market shares, challenges, UAE District Cooling Market drivers,
barriers, UAE District Cooling Market Trends, and Key Players in UAE District
Cooling Market.
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UAE District Cooling Market Dynamics: 2023-28
Associated
Cost-Efficiency and Long-Term Service: Due to the accompanying cost-efficiency
and long-term service, many businesses in the country are implementing district
cooling systems. As a result of using 50% less energy than air conditioners,
district cooling systems require less initial expenditure and ongoing
maintenance. Airports, business buildings, university campuses, and residential
towers are examples of large-scale establishments in the UAE that benefit
significantly from district cooling. The system is based on a central cooling
plant that cools its grid using a network of insulated underground pipes
transporting chilled water. In addition, the equipment's ability to run without
issue for up to 30 years encourages the adoption of new technologies, thereby
propelling industry growth further.
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UAE District Cooling Market (2023-28):
Segmentation Outlook
The market report
has segmented the market into the following categories:
·
By Application
o Hospitality
o Healthcare
o Commercial & Retail
o Government & Transportation
o Industrial
o Residential
o Others (Religious Institution, etc.)
According to
report, The Residential segment captured a significant market share in the
historical period.
·
By Production Technique
o Free Cooling
o Absorption Cooling
o Electric Chillers
o Others (Heat Pumps, etc.)
According to
report, Electric chillers will likely gain traction in the coming years owing
to their dependable coefficient.
·
By Region
o Dubai
o Abu Dhabi
o Sharjah & Northern Emirates
Note - If there are any particular details
you need that are not currently included in the report, we will be happy to
provide them as part of our customization
services.
Top Companies Operating in the UAE District
Cooling Market:
- Empower
- Tabreed
- Emirates District Cooling(Emicool)
- Pal Cooling Holding LLC
- Others
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