Global Deep Water Source Cooling Systems Market 2018-2022
About Deep Water Source Cooling Systems
Deep water source cooling systems draw cold water from large, low-temperature water sources, such as lakes and oceans, for space and process cooling applications.
Technavio’s analysts forecast the global deep water source cooling systems market to grow at a CAGR of 8.48% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global deep water source cooling systems market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Deep Water Source Cooling Systems Market 2018-2022
Technavio recognizes the following companies as the key players in the global deep water source cooling systems market: ACCIONA, BARDOT Group, Entrepose Group, Enwave Energy, Makai Ocean Engineering, and Ocean Thermal Energy Corporation.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing use of district heating/cooling systems. District cooling/heating systems are being increasingly used for meeting the space heating/cooling requirement in commercial districts, industries, and university complexes. District cooling systems involve the production and circulation of chilled water from a centralized location to cater to the cooling requirement in a considerably large geographical area.”
According to the report, one driver in the market is demand for reducing building energy consumption. Most buildings used for residential, commercial, and industrial purposes around the world employ some form of heating, cooling, and air conditioning (HVAC) or interior climate control equipment to provide sufficient thermal comfort for the people within the building. At present, individual or stand-alone air conditioners are the most widely employed HVAC pieces of equipment used for this purpose.
Further, the report states that one challenge in the market is expensive and time-consuming construction and installation. The ongoing drive toward increasing energy efficiency, reducing energy costs, and lowering the emissions is expected to create a significant opportunity for the growth of deep water source cooling systems. However, the extremely high initial cost of capital and installation is a major challenge that may impede the growth in the global market
ACCIONA, BARDOT Group, Entrepose Group, Enwave Energy, Makai Ocean Engineering, and Ocean Thermal Energy Corporation.
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