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
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Top Companies Operating in the UAE District Cooling Market:
- Empower
- Tabreed
- Emirates District Cooling(Emicool)
- Pal Cooling Holding LLC
- Others
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