Middle East District Cooling Market to Reach $8 Billion by 2028, Says Global Market Insights Inc.

The industry will experience steady growth in the technique of producing free cooling due to significantly lower carbon emissions coupled with high energy efficiency. The use of cold water or cool air instead of environmentally harmful refrigerants is one of the key features offered by free cooling technology that will propel its demand over the forecast period. Additionally, ongoing efforts to comply with regional emissions targets will fuel the need for clean technologies, driving product penetration across Middle East.

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Ongoing investments in the renovation and construction of commercial establishments will drive the need for efficient HVAC units, which in turn will increase the demand for products. The healthcare sector will experience substantial growth in the deployment of energy efficient district cooling units due to the growing needs for medical facilities related to the continued spread of the coronavirus. Additionally, the respective governments are introducing stringent emission standards to curb the growth of GHG emissions from the commercial and industrial sector, which in turn will proliferate the Middle East district cooling market outlook.

the Oman The district cooling market size is expected to grow at a rate of over 10% till 2028. Extreme climatic conditions coupled with continuous efforts to deploy energy efficient air conditioning units will further influence the product demand during the forecast period . Increased investment in infrastructure development will complement product adoption across the country. For example, the Oman the government launched a $28 billion budget for infrastructure development, as part of its five-year development plan, to promote economic growth, thereby fueling the demand for sustainable technologies, including district cooling systems in the country.

The coronavirus epidemic has had a marginal impact on the whole District Cooling Industry Scenario globally. Major players have adapted to changing industry conditions to limit disruption caused by the pandemic. However, governments in the region have implemented initiatives to resume several operations in the commercial and industrial sector, which will positively influence the overall business outlook.

The pandemic has hit various commercial and industrial enterprises in an unprecedented manner, thus shutting down major industries including manufacturing, chemicals and construction. Additionally, mass production shutdowns as well as slowdowns in logistics and transportation operations have further reduced access to manufactured goods. However, the resumption of industrial operations coupled with the lifting of lockdown mandates will boost the Middle East district cooling market demand.

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Some key findings from the Middle East District Cooling Market Report Includes:

  • Ongoing investments in infrastructural development of new residential buildings will drive product rollout.
  • Strict emission standards and energy efficiency mandates will fuel the deployment of clean technologies, including district cooling systems.
  • The extreme climatic conditions in the region will drive the demand for durable cooling units.
  • The main players operating across the Middle East The district cooling market includes Stellar Energy, Emicool, DC PRO Engineering, ADC Energy Systems, National Central Cooling Company PJSC (Tabreed), Shinryo Corporation, and Siemens AG, among others.
  • Ongoing government efforts to replace residential air conditioning units with energy efficient district cooling systems will increase the company’s growth.

Partial chapters of the table of contents (TOC) of the report:

Chapter 2 Executive Summary

2.1 Middle East district cooling industry 3600 summary, 2018 – 2028

2.1.1 Trade trends

2.1.2 Trends in production techniques

2.1.3 Application trends

2.1.4 Trends by country

Chapter 3 Middle East District Cooling Industry Overview

3.1 Industry Ecosystem Analysis

3.1.1 Supplier matrix

3.2 Innovation and sustainability landscape

3.3 Regulatory landscape

3.4 Impact of COVID-19 on Industry Outlook

3.4.1 Top 10 Middle Eastern Countries Affected by COVID-19

3.5 Analysis of price trends

3.6 Industry impact forces

3.6.1 Drivers of growth

3.6.2 Industry Pitfalls and Challenges

3.7 Analysis of growth potential

3.8 Porter’s analysis

3.9 Competitive Landscape, 2021

3.10 PILON analysis

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, in the United States, is a global provider of market research and consulting services; offering syndicated and custom research reports as well as growing consulting services. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed using proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
business sales, United States
Global Market Insights Inc.
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SOURCE Global Market Insights Inc.

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