According to the MarkNtel Advisors’ research report titled “The Middle East & Africa District Cooling Market Analysis, 2020”, the CAGR of the Middle East & Africa District Cooling market is expected to grow at a considerable CAGR during 2020-25. The growing demand for cost-effective and reliable cooling systems along with extensive investment for infrastructure development in the countries is projected to boost the demand for district cooling in the forecast period. For instance, the UAE government announced to invest almost USD 4.62 billion in infrastructural development until 2020. Moreover, ongoing government initiatives for sustainable energy development, along with an attempt for a reduction in energy consumption is flourishing the market growth of the district cooling in the Middle east region. For instance, 70% of the total electricity consumption goes into air conditioning in Dubai, thus, the government is planning to meet its 40% cooling needs from district cooling by 2030.
Large-Scale Residential Projects are Imposing a Considerable Impact on the District Cooling Market
The residential segment captured a significant market share in the Middle East & Africa District Cooling market in 2019 on an account of the escalating population in the region is proliferating the demand for high class infrastructure projects along with extensive government initiatives toward the construction of housing projects, thus strongly contributing toward the growth of district cooling market. For instance, the Barwa city project in Qatar will have its own district cooling system.
Moreover, the energy consumption in Middle East & Africa is largely driven by the residential sector, around 47% compared with the global average of 25%. Therefore, the rising electricity consumption from the residential sector is fostering the demand for district cooling systems in the region.
According to MarkNtel Advisors research report, the Middle East & Africa District Cooling market is highly fragmented. The market players in the Middle East & Africa District Cooling market are National Central Cooling Company PJSC (Tabreed), Emirates Central Cooling System Corporation (Empower), Emirates District Cooling (Emicool), Emaar, Qatar Cool, Marafeq Qatar, Araner, Stellar energy etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR Middle East & Africa District Cooling market during 2020-25?
A. The market size of the Middle East & Africa District Cooling market during 2020-25 is forecast to be more than 6%.
Q Which city would grab the highest market share during 2020-25?
A. It is forecast that UAE will dominate the market with a majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Middle East & Africa District Cooling market?
A. National Central Cooling Company PJSC (Tabreed), Emirates Central Cooling System Corporation (Empower), Emirates District Cooling (Emicool), Emaar, Qatar Cool, Marafeq Qatar, Araner, Stellar Energy, Veolia, PAL cooling holding are few of the leading players in the Middle East & Africa District Cooling market.
Q. Does the report scope cover country-wise market statistics also?
A. Yes, the scope of the report encompasses detailed country statistics such as market size, market segmentation based on various subcategories
Q. Which production technique segment would emerge as an opportunity area for players in District Cooling?
A. Absorption cooling would continue to grow at the highest CAGR, presenting immense opportunities for manufacturers and suppliers of District Cooling across the globe.