
Asia Pacific District Cooling Market, By Technology (Electric Chillers, Heat Pumps, Absorption Chillers, Free Cooling); By Usage (Storage, Production, Distribution); By Application (Commercial, Residential, Industrial); By Country (China, India, Japan, So
Description
Asia Pacific District Cooling Market, By Technology (Electric Chillers, Heat Pumps, Absorption Chillers, Free Cooling); By Usage (Storage, Production, Distribution); By Application (Commercial, Residential, Industrial); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC), Competitive Landscape & Forecast, 2019–2029
Asia-Pacific District Cooling Market Size Almost Doubles at Robust CAGR of 12.18% to Reach USD 9.82 Billion by 2029
Asia-Pacific district cooling market is flourishing due to rapid urbanization, increasing demand for energy efficiency and sustainability, extreme weather conditions, and governments’ initiatives promoting environmentally friendly cooling solutions.
BlueWeave Consulting, a leading strategic consulting, and market research firm, in its recent study, estimated the Asia-Pacific district cooling market size at USD 4.93 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Asia-Pacific district cooling market size to grow at a robust CAGR of 12.18% reaching a value of USD 9.82 billion by 2029. The Asia-Pacific district cooling market is driven by several key factors. Rapid urbanization and population growth in the region have led to an increased demand for air conditioning and cooling services in commercial and residential buildings. Rising awareness about energy efficiency and environmental concerns is promoting the adoption of district cooling systems as a sustainable alternative to traditional cooling methods. Government initiatives and regulations aimed at reducing greenhouse gas emissions are further incentivizing the market. Also, the need for reliable and cost-effective cooling solutions in industries such as data centers and manufacturing is propelling the growth of the district cooling market in the Asia-Pacific region.
Asia-Pacific District Cooling Market – Overview
District cooling is an energy-efficient method of air conditioning that centralizes the production and distribution of chilled water to cool multiple buildings. A central cooling plant generates chilled water, which is then circulated through a network of insulated pipes to various buildings for cooling purposes. This system reduces energy consumption, greenhouse gas emissions, and maintenance costs compared to individual cooling units in each building. District cooling is particularly beneficial in densely populated urban areas and regions with high cooling demands, promoting sustainability and environmental conservation by optimizing the use of resources for cooling while offering economic advantages for both providers and consumers.
Impact of COVID-19 on Asia-Pacific District Cooling Market
COVID-19 pandemic significantly impacted Asia-Pacific district cooling market. Lockdowns and reduced economic activity resulted in lower energy demands, affecting the need for district cooling systems in commercial and industrial sectors. Construction projects were delayed or scaled back, impacting the expansion of district cooling infrastructure. Also, supply chain disruptions and workforce challenges hindered project execution. However, the pandemic also highlighted the importance of reliable and efficient cooling systems for healthcare facilities and data centers. As economies recover and adapt to the new normal, the Asia-Pacific district cooling market is expected to rebound, driven by sustainability goals and resilience planning.
Asia-Pacific District Cooling Market – By Application
By application, Asia-Pacific district cooling market is divided into Commercial, Residential, and Industrial segments. The commercial segment stands out as the largest. This segment primarily caters to businesses, office complexes, and commercial establishments, driving the demand for district cooling systems to maintain comfortable indoor environments efficiently. The rising number of commercial properties, coupled with the growing awareness of energy-efficient cooling solutions, has led to the prominence of the commercial segment in the market. As businesses prioritize sustainability and cost-effectiveness, district cooling systems in the commercial sector continue to witness robust growth and offer significant growth opportunities for market players in the Asia-Pacific region.
Competitive Landscape
Asia-Pacific district cooling market is fiercely competitive. Major companies in the market include Daikin Industries, Johnson Controls, Carrie, Hitachi Cooling & Heating, Mitsubishi Electric, LG Electronics, Siemens, Veolia, Panasonic Corporation, and Engie Group. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Asia-Pacific district cooling market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Asia-Pacific District Cooling Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Asia-Pacific District Cooling Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
260 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Asia-Pacific District Cooling Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing demand for environment friendly products
- 3.2.1.2. Rising energy demand
- 3.2.2. Restraints
- 3.2.2.1. High initial investment costs
- 3.2.2.2. Insufficiency in raw material demand and supply
- 3.2.3. Opportunities
- 3.2.3.1. Increasing investment by the government for research and development activities
- 3.2.3.2. Suring technological advancements
- 3.2.4. Challenges
- 3.2.4.1. Lack of awareness about the benefits of district cooling systems
- 3.2.4.2. Limited availability of cooling resources
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Asia-Pacific District Cooling Market Overview
- 4.1. Market Size & Forecast by Value & Volume, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Technology
- 4.2.1.1. Electric Chillers
- 4.2.1.2. Heat Pumps
- 4.2.1.3. Absorption Chillers
- 4.2.1.4. Free Cooling
- 4.2.1.5. Others
- 4.2.2. By Usage
- 4.2.2.1. Storage
- 4.2.2.2. Production
- 4.2.2.3. Distribution
- 4.2.3. By Application
- 4.2.3.1. Commercial
- 4.2.3.2. Residential
- 4.2.3.3. Industrial
- 4.2.4. By Country
- 4.2.4.1. China
- 4.2.4.2. India
- 4.2.4.3. Japan
- 4.2.4.4. South Korea
- 4.2.4.5. Australia & New Zealand
- 4.2.4.6. Indonesia
- 4.2.4.7. Malaysia
- 4.2.4.8. Singapore
- 4.2.4.9. Vietnam
- 4.2.4.10. Rest of APAC
- 5. China District Cooling Market Overview
- 5.1. Market Size & Forecast by Value & Volume, 2019–2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Technology
- 5.2.2. By Usage
- 5.2.3. By Application
- 6. India District Cooling Market Overview
- 6.1. Market Size & Forecast by Value & Volume, 2019–2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Technology
- 6.2.2. By Usage
- 6.2.3. By Application
- 7. Japan District Cooling Market Overview
- 7.1. Market Size & Forecast by Value & Volume, 2019–2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Technology
- 7.2.2. By Usage
- 7.2.3. By Application
- 8. South Korea District Cooling Market Overview
- 8.1. Market Size & Forecast by Value & Volume, 2019–2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Technology
- 8.2.2. By Usage
- 8.2.3. By Application
- 9. Australia & New Zealand District Cooling Market Overview
- 9.1. Market Size & Forecast by Value & Volume, 2019–2029
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Technology
- 9.2.2. By Usage
- 9.2.3. By Application
- 10. Indonesia District Cooling Market Overview
- 10.1. Market Size & Forecast by Value & Volume, 2019–2029
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Technology
- 10.2.2. By Usage
- 10.2.3. By Application
- 11. Malaysia District Cooling Market Overview
- 11.1. Market Size & Forecast by Value & Volume, 2019–2029
- 11.1.1. By Value (USD Million)
- 11.2. Market Share & Forecast
- 11.2.1. By Technology
- 11.2.2. By Usage
- 11.2.3. By Application
- 12. Singapore District Cooling Market Overview
- 12.1. Market Size & Forecast by Value & Volume, 2019–2029
- 12.1.1. By Value (USD Million)
- 12.2. Market Share & Forecast
- 12.2.1. By Technology
- 12.2.2. By Usage
- 12.2.3. By Application
- 13. Vietnam District Cooling Market Overview
- 13.1. Market Size & Forecast by Value & Volume, 2019–2029
- 13.1.1. By Value (USD Million)
- 13.2. Market Share & Forecast
- 13.2.1. By Technology
- 13.2.2. By Usage
- 13.2.3. By Application
- 14. Rest of APAC District Cooling Market Overview
- 14.1. Market Size & Forecast by Value & Volume, 2019–2029
- 14.1.1. By Value (USD Million)
- 14.2. Market Share & Forecast
- 14.2.1. By Technology
- 14.2.2. By Usage
- 14.2.3. By Application
- 15. Competitive Landscape
- 15.1. List of Key Players and Their Offerings
- 15.2. Asia-Pacific District Cooling Company Market Share Analysis, 2022
- 15.3. Competitive Benchmarking, By Operating Parameters
- 15.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- 16. Impact of COVID-19 on Asia-Pacific District Cooling Market
- 17. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 17.1. Daikin Industries
- 17.2. Johnson Controls
- 17.3. Carrie
- 17.4. Hitachi Cooling & Heating
- 17.5. Mitsubishi Electric
- 17.6. LG Electronics
- 17.7. Siemens
- 17.8. Veolia
- 17.9. Panasonic Corporation
- 17.10. Engie Group
- 17.11. Other Prominent Players
- 18. Key Strategic Recommendations
- 19. Research Methodology
- 19.1. Qualitative Research
- 19.1.1. Primary & Secondary Research
- 19.2. Quantitative Research
- 19.3. Market Breakdown & Data Triangulation
- 19.3.1. Secondary Research
- 19.3.2. Primary Research
- 19.4. Breakdown of Primary Research Respondents, By Region
- 19.5. Assumption & Limitation
- *Financial information of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figures
- Figure 1 Asia-Pacific District Cooling Market Segmentation
- Figure 2 Asia-Pacific District Cooling Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Asia-Pacific District Cooling Market Size, By Value (USD Million), 2019–2029
- Figure 5 Asia-Pacific District Cooling Market Share, By Technology, By Value, 2019–2029
- Figure 6 Asia-Pacific District Cooling Market Share, By Usage, By Value, 2019–2029
- Figure 7 Asia-Pacific District Cooling Market Share, By Application, By Value, 2019–2029
- Figure 8 Asia-Pacific District Cooling Market Share, By Country, By Value, 2019–2029
- Figure 9 China District Cooling Market Size, By Value (USD Million), 2019–2029
- Figure 10 China District Cooling Market Share, By Technology, By Value, 2019–2029
- Figure 11 China District Cooling Market Share, By Usage, By Value, 2019–2029
- Figure 12 China District Cooling Market Share, By Application, By Value, 2019–2029
- Figure 13 India District Cooling Market Size, By Value (USD Million), 2019–2029
- Figure 14 India District Cooling Market Share, By Technology, By Value, 2019–2029
- Figure 15 India District Cooling Market Share, By Usage, By Value, 2019–2029
- Figure 16 India District Cooling Market Share, By Application, By Value, 2019–2029
- Figure 17 Japan District Cooling Market Size, By Value (USD Million), 2019–2029
- Figure 18 Japan District Cooling Market Share, By Technology, By Value, 2019–2029
- Figure 19 Japan District Cooling Market Share, By Usage, By Value, 2019–2029
- Figure 20 Japan District Cooling Market Share, By Application, By Value, 2019–2029
- Figure 21 South Korea District Cooling Market Size, By Value (USD Million), 2019–2029
- Figure 22 South Korea District Cooling Market Share, By Technology, By Value, 2019–2029
- Figure 23 South Korea District Cooling Market Share, By Usage, By Value, 2019–2029
- Figure 24 South Korea District Cooling Market Share, By Application, By Value, 2019–2029
- Figure 25 Australia & New Zealand District Cooling Market Size, By Value (USD Million), 2019–2029
- Figure 26 Australia & New Zealand District Cooling Market Share, By Technology, By Value, 2019–2029
- Figure 27 Australia & New Zealand District Cooling Market Share, By Usage, By Value, 2019–2029
- Figure 28 Australia & New Zealand District Cooling Market Share, By Application, By Value, 2019–2029
- Figure 29 Indonesia District Cooling Market Size, By Value (USD Million), 2019–2029
- Figure 30 Indonesia District Cooling Market Share, By Technology, By Value, 2019–2029
- Figure 31 Indonesia District Cooling Market Share, By Usage, By Value, 2019–2029
- Figure 32 Indonesia District Cooling Market Share, By Application, By Value, 2019–2029
- Figure 33 Malaysia District Cooling Market Size, By Value (USD Million), 2019–2029
- Figure 34 Malaysia District Cooling Market Share, By Technology, By Value, 2019–2029
- Figure 35 Malaysia District Cooling Market Share, By Usage, By Value, 2019–2029
- Figure 36 Malaysia District Cooling Market Share, By Application, By Value, 2019–2029
- Figure 37 Singapore District Cooling Market Size, By Value (USD Million), 2019–2029
- Figure 38 Singapore District Cooling Market Share, By Technology, By Value, 2019–2029
- Figure 39 Singapore District Cooling Market Share, By Usage, By Value, 2019–2029
- Figure 40 Singapore District Cooling Market Share, By Application, By Value, 2019–2029
- Figure 41 Vietnam District Cooling Market Size, By Value (USD Million), 2019–2029
- Figure 42 Vietnam District Cooling Market Share, By Technology, By Value, 2019–2029
- Figure 43 Vietnam District Cooling Market Share, By Usage, By Value, 2019–2029
- Figure 44 Vietnam District Cooling Market Share, By Application, By Value, 2019–2029
- Figure 45 Rest of APAC District Cooling Market Size, By Value (USD Million), 2019–2029
- Figure 46 Rest of APAC District Cooling Market Share, By Technology, By Value, 2019–2029
- Figure 47 Rest of APAC District Cooling Market Share, By Usage, By Value, 2019–2029
- Figure 48 Rest of APAC District Cooling Market Share, By Application, By Value, 2019–2029
- List of Tables
- Table 1 Asia-Pacific District Cooling Market Size, By Value (USD Million), 2019–2029
- Table 2 Asia-Pacific District Cooling Market Size, By Technology, By Value, 2019–2029
- Table 3 Asia-Pacific District Cooling Market Size, By Usage, By Value, 2019–2029
- Table 4 Asia-Pacific District Cooling Market Size, By Application, By Value, 2019–2029
- Table 5 Asia-Pacific District Cooling Market Size, By Country, By Value, 2019–2029
- Table 6 China District Cooling Market Size, By Value (USD Million), 2019–2029
- Table 7 China District Cooling Market Size, By Technology, By Value, 2019–2029
- Table 8 China District Cooling Market Size, By Usage, By Value, 2019–2029
- Table 9 China District Cooling Market Size, By Application, By Value, 2019–2029
- Table 10 India District Cooling Market Size, By Value (USD Million), 2019–2029
- Table 11 India District Cooling Market Size, By Technology, By Value, 2019–2029
- Table 12 India District Cooling Market Size, By Usage, By Value, 2019–2029
- Table 13 India District Cooling Market Size, By Application, By Value, 2019–2029
- Table 14 Japan District Cooling Market Size, By Value (USD Million), 2019–2029
- Table 15 Japan District Cooling Market Size, By Technology, By Value, 2019–2029
- Table 16 Japan District Cooling Market Size, By Usage, By Value, 2019–2029
- Table 17 Japan District Cooling Market Size, By Application, By Value, 2019–2029
- Table 18 South Korea District Cooling Market Size, By Value (USD Million), 2019–2029
- Table 19 South Korea District Cooling Market Size, By Technology, By Value, 2019–2029
- Table 20 South Korea District Cooling Market Size, By Usage, By Value, 2019–2029
- Table 21 South Korea District Cooling Market Size, By Application, By Value, 2019–2029
- Table 22 Australia & New Zealand District Cooling Market Size, By Value (USD Million), 2019–2029
- Table 23 Australia & New Zealand District Cooling Market Size, By Technology, By Value, 2019–2029
- Table 24 Australia & New Zealand District Cooling Market Size, By Usage, By Value, 2019–2029
- Table 25 Australia & New Zealand District Cooling Market Size, By Application, By Value, 2019–2029
- Table 26 Indonesia District Cooling Market Size, By Value (USD Million), 2019–2029
- Table 27 Indonesia District Cooling Market Size, By Technology, By Value, 2019–2029
- Table 28 Indonesia District Cooling Market Size, By Usage, By Value, 2019–2029
- Table 29 Indonesia District Cooling Market Size, By Application, By Value, 2019–2029
- Table 30 Malaysia District Cooling Market Size, By Value (USD Million), 2019–2029
- Table 31 Malaysia District Cooling Market Size, By Technology, By Value, 2019–2029
- Table 32 Malaysia District Cooling Market Size, By Usage, By Value, 2019–2029
- Table 33 Malaysia District Cooling Market Size, By Application, By Value, 2019–2029
- Table 34 Singapore District Cooling Market Size, By Value (USD Million), 2019–2029
- Table 35 Singapore District Cooling Market Size, By Technology, By Value, 2019–2029
- Table 36 Singapore District Cooling Market Size, By Usage, By Value, 2019–2029
- Table 37 Singapore District Cooling Market Size, By Application, By Value, 2019–2029
- Table 38 Vietnam District Cooling Market Size, By Value (USD Million), 2019–2029
- Table 39 Vietnam District Cooling Market Size, By Technology, By Value, 2019–2029
- Table 40 Vietnam District Cooling Market Size, By Usage, By Value, 2019–2029
- Table 41 Vietnam District Cooling Market Size, By Application, By Value, 2019–2029
- Table 42 Rest of APAC District Cooling Market Size, By Value (USD Million), 2019–2029
- Table 43 Rest of APAC District Cooling Market Size, By Technology, By Value, 2019–2029
- Table 44 Rest of APAC District Cooling Market Size, By Usage, By Value, 2019–2029
- Table 45 Rest of APAC District Cooling Market Size, By Application, By Value, 2019–2029
- Table 46 Daikin Industries Company Overview
- Table 47 Daikin Industries Financial Overview
- Table 48 Johnson Controls Company Overview
- Table 49 Johnson Controls Financial Overview
- Table 50 Carrie Company Overview
- Table 51 Carrie Financial Overview
- Table 52 Hitachi Cooling & Heating Company Overview
- Table 53 Hitachi Cooling & Heating Financial Overview
- Table 54 Mitsubishi Electric Company Overview
- Table 55 Mitsubishi Electric Financial Overview
- Table 56 LG Electronics Company Overview
- Table 57 LG Electronics Financial Overview
- Table 58 Siemens Company Overview
- Table 59 Siemens Financial Overview
- Table 60 Veolia Company Overview
- Table 61 Veolia Financial Overview
- Table 62 Panasonic Corporation Company Overview
- Table 63 Panasonic Corporation Financial Overview
- Table 64 Engie Group Company Overview
- Table 65 Engie Group Financial Overview
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