Middle East & Africa District Cooling Market Size & Share 2024: Key Trends & Projections
Middle East & Africa District Cooling Market Size & Share 2024: Key Trends & Projections
According to recent findings, 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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Middle East & Africa District Cooling Overview:
Economic diversification, rapid urbanization, and supportive government policies are contributing to the growth of the District Cooling Industry. In the Middle East Region, the focus on economic diversification is being done to reduce the dependency on Oil Earnings. It is followed by an increase in economic growth through other industries like tourism, hospitality, healthcare, infrastructure development, and renewable energy. UAE (Dubai 2040 Urban Master Plan) is funding major developments in Dubai South and Masdar City. Saudi Arabia (Vision 2030) is developing cities like NEOM and King Abdullah Economic City. Qatar (National Vision 2030) made developments in the Lusail City. Other countries like Kuwait (New Vision 2035), Oman (Vision 2040), and Bahrain (Economic Vision 2030) are also majorly focusing on economic diversification. For instance,
- Projects worth around USD 177 Billion are currently in execution in the UAEon infrastructure development mainly in Abu Dhabi (USD 89 Billion) and Dubai (USD 64 Billion) for the growth of commercial towers, skyscrapers, hotels, commercial business parks, and financial districts, shopping malls, etc. requiring cooling solutions that will be managed by DCS.
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Middle East & Africa District Cooling Outlook and Future Trends :
Green Building Practices Gaining Traction – The DCS are being designed & modified to meet the various Green Building Standards. These include Leadership in Energy and Environmental Design (LEED) & Building Research Establishment Environmental Assessment Method (BREEAM). DCS contributes to LEED certification and BEERAM credits by reducing overall energy consumption in the buildings and improving energy efficiency. Estidama, an Abu Dhabi Sustainability Group focuses on energy efficiency and environmental impact in the UAE which has aligned DSC with its Pearl Rating System by providing sustainable cooling solution.
Similarly, in South Africa, Green Star has implemented DCS into the Green Star Certification. Focusing on energy efficiency and reduced carbon footprint, multiple projects are being developed to attain the green building practices. Aqualia (South Africa), Majid Al Futtaim (UAE), Aldar Properties (UAE) and Empower (UAE) are some of the key projects involved in sustainable and green building practices, with others following the trend.
Global Middle East & Africa District Cooling Segmentation Analysis:
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
According to reports, 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
According to reports, The commercial & retail segment accounted for a major market share in the district cooling market.
By Country
- The UAE
- Saudi Arabia
- Qatar
- Bahrain
- Kuwait
- Oman
- Egypt
- South Africa
- Rest of the Middle East & Africa.
According to reports, The UAE region marks its dominance in the district cooling industry. Strong growth is expected from major cities like Dubai and Abu Dhabi due to the early adoption of DCS which further established them as market leaders.
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Some of the Market players in the Global Middle East & Africa District Cooling are:
- 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
Middle East & Africa District Cooling Recent 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.
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