District Cooling Market to reach $140bn by 2024 District Cooling Market

U.S. District Cooling Market to grow at 2% CAGR
from 2018-2024: Global Market Insights Inc.
District Cooling Market to surpass USD 140 billion by 2024; driven by growing focus
toward adoption of sustainable energy. Growing concerns pertaining to carbon
emissions along with rising demand for space cooling will foster the district cooling
market. Increasing penetration of renewable energy technologies coupled with
growing adoption of sustainable cooling solutions will stimulate the industry growth.
In 2016, Tabreed reported an elimination of 570,000 tons of CO2 emissions from
there 66 DC plants installed across the GCC countries.
Changing climatic conditions on account of increasing surface temperature and
global warming will boost the market share. In addition, rapid urban area
development and growing residential sector owing to increase in consumer spending
and rise in per capita income will encourage the product adoption. The average
temperature in Kuwait during summer seasons was recoded to be 300 C in 2016.
District Cooling Market
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