The UAE District Cooling Market is Assessed to Rise at a CAGR of 10.12% During the Forecast Period (2023-28)
A district cooling system (DCS) dispenses cooling capacity in the configuration or form of chilled water or other medium from a chief source to numerous buildings through a system of underground pipes for usage in space and process cooling. The district cooling system is used to distribute chilled water and space conditioning to consumers and is used in several settings such as shopping malls, homes, restaurants, companies, workplaces, military sites, cold storage warehouses, etc.
According to a recent report published by MarkNtel Advisors, the UAE District Cooling Market is anticipated to grow at a CAGR of around 10.12% during the forecast period, i.e., 2023-28. The UAE is leading in the development of district cooling as a substantial energy-efficient utility sector elected by the governments of the Gulf nations. The Middle East and Africa region is fundamental to reversing climate change and proceeding with global efforts to curtail carbon emissions. In arid climates, cooling is a relentless and energy-demanding operation, hence district cooling offers noteworthy savings in energy.
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This benefit is highly realized in the region’s developing megacities, where the district cooling has established a solid stance. The report further states that the UAE District Cooling Industry was quite prompt even after COVID-19, given the strong project pipeline sector. Further, the ongoing construction activities, company partnerships, and projects for advancement in the technical sector are also likely to boost the UAE District Cooling Market.
Top Companies Having a Robust Market Position in the UAE District Cooling Market
The UAE District Cooling Market is significantly dominated by companies like Empower, Tabreed, Emirates District Cooling (Emicool), Pal Cooling Holding LLC., and Others. These companies retain a considerable market share, have a solid position in the market, and are the leading competitors.
Studying the UAE District Cooling Market Segmentation
- By Production Technique (Free Cooling, Absorption Cooling, Electric Chillers, and Others (Heat Pumps, etc.))
- By Application (Hospitality, Healthcare, Commercial & Retail, Government & Transportation, Industrial, Residential, and Others (Religious Institution, etc.))
- By Region (Dubai, Abu Dhabi, and Sharjah & Northern Emirates)
The Residential Sector held a substantial market share in the past years. The expansion of the residential sector in the UAE District Cooling Market can be credited to several factors, including the rapidly growing population of the country, rising demand for top-notch infrastructure projects, and the initiatives of the region’s government to construct housing projects. Additionally, the demand for energy-efficient district cooling systems majorly arises from the residential sector given their substantial energy consumption. All these factors have significantly pushed the need for efficient cooling systems in the UAE on an upward trajectory.
Electric chillers are anticipated to attain a grip in the UAE District Cooling Market in the forecast period given their reliable coefficient. The implementation of DC technologies enables the swift and proficient accomplishment of large-scale projects. Electric and absorption chillers are among the recognized technologies but electric chillers are recommended given their exceptional coefficient performance and usage of less floor space as compared to absorption chillers. Moreover, the usage of absorption chillers leads to the reduction of the amount of cooling powered by electricity and curtails the carbon dioxide emissions.
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