Middle East & Africa District Cooling Market Expanding at a CAGR of 7.98% during 2024-2030

Posted by Akio Komatsu on September 30th, 2024

According to MarkNtel Advisors study the Middle East & Africa District Cooling Market size is valued at around USD 6.43 million in 2024 & is estimated to grow at a CAGR of around 7.98% during the forecast period, i.e., 2024-30.

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Key Findings of the Study: Middle East & Africa District Cooling market

The Middle East & Africa District Cooling Market Driver:

Supportive Government Initiatives & Regulations – As the Middle East and Africa region is experiencing urbanization and population growth, the demand for district cooling systems will rise accordingly. Several government bodies of the region are focusing on executing effective methods, regulations, and subsidies to enhance and proliferate the district cooling systems worldwide. Governments in the MEA region are increasingly focusing on sustainability and energy efficiency. Moreover, supportive government policies will also help in the robust growth of the market as they focus on sustainability and reduction of the overall carbon footprint. Governments in various countries have started implementing strict building codes to encourage and regulate energy-efficient cooling solutions.

To promote sustainability in building practices and energy efficiency the governments in these regions have developed various policies and initiatives like Dubai Clean Energy Strategy 2050, Abu Dhabi’s Estidama Program, Saudi Arabia’s Vision 2030, Saudi Green Initiative, Qatar National Vision 2030, The Pearl-Qatar Green Building Regulations, South Africa’s National Energy Efficiency Strategy (NEES), South Africa Green Building Regulations, Egyptian Sustainable Development Strategy: Vision 2030, New Administrative Capital Regulations( Egypt), Morocco National Energy Strategy & Green Building Code, Kenya’s National Climate Change Action Plan (NCCAP) & Green Building Guidelines.

The enforcement of policies & incentives, including the creation of regulatory frameworks & financial benefits will drive the market to new heights. It will help to support both developers & consumers in embracing this technology. Also to achieve energy efficiency, the government is incorporating district cooling as a preferred mode of technology by promoting green building standards and certifications in the MEA region.

For more detailed information about the Middle East & Africa District Cooling market report, click here – https://www.marknteladvisors.com/research-library/middle-east-africa-district-cooling-market.html

Scope of the Report and Middle East & Africa District Cooling Market Segmentation:

By Production Technique

  • Free Cooling- Market Size & Forecast (2019-2030), in Kilo Tons of Refrigeration
  • Electric Chiller- Market Size & Forecast (2019-2030), in Kilo Tons of Refrigeration
  • Absorption Cooling- Market Size & Forecast (2019-2030), in Kilo Tons of Refrigeration
  • Others (Heat Pumps, etc.)- Market Size & Forecast (2019-2030), in Kilo Tons of Refrigeration

Electric Chiller currently dominates the industry due to their well-established technology and capacity to handle large-scale cooling needs.

By End User

  • Hospitality- Market Size & Forecast (2019-2030), in Kilo Tons of Refrigeration
  • Healthcare- Market Size & Forecast (2019-2030), in Kilo Tons of Refrigeration
  • Commercial & Retail- Market Size & Forecast (2019-2030), in Kilo Tons of Refrigeration
  • Government & Transportation- Market Size & Forecast (2019-2030), in Kilo Tons of Refrigeration
  • Industries- Market Size & Forecast (2019-2030), in Kilo Tons of Refrigeration
  • Residential - Market Size & Forecast (2019-2030), in Kilo Tons of Refrigeration
  • Others (Religious Institution, etc.)- Market Size & Forecast (2019-2030), in Kilo Tons of Refrigeration

Middle East & Africa District Cooling Market Competitive Landscape

  • National Central Cooling Company PJSC (Tabreed)
  • Emirates Central Cooling System Corporation (Empower)
  • Emirates District Cooling (Emicool)
  • Muscat District Cooling
  • Qatar Cool
  • Marafeq Qatar
  • Stellar Energy
  • Veolia
  • Gascool
  • PAL Cooling Holding
  • Others

Middle East & Africa District Cooling Market Development:

  • August 2024: For the expansion of its cooling infrastructure Stellar Energy launched a new district cooling plant in Abu Dhabi. It would expand its service capabilities and support the growing demand in the region.
  •  July 2024: PAL Cooling Holding introduced a new service model for district cooling setting a benchmark for the industry as it focuses on cost reductions on large-scale developments and increased energy efficiency.
  •  April 2024: The Al Habtoor Group and Emirates Central Cooling System Corporation (Empower), the largest district cooling services provider globally, have reached an agreement for the supply of district cooling services to the Al Habtoor Tower.

Geographical Analysis:

By Country

  • The UAE
  • Saudi Arabia
  • Qatar
  • Bahrain
  • Kuwait
  • Oman
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa

The UAE region marks its dominance in the district cooling industry.

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Akio Komatsu

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Akio Komatsu
Joined: August 6th, 2024
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