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Europe District Cooling Market: Regional Outlook, Competitive Strategies and Forecasts to 2024

Author : Ronak Bora | Published Date : 2020-08-26 

Taking into account the expanding renewable energy sector across Europe, established companies in Europe district cooling market have been implementing robust growth tactics such as JVs and M&As. Merely a few weeks earlier, NIBE Industrier acquired Alfa Laval’s district cooling systems business unit and conveniently extended its customer base across France, Sweden, U.K., Finland, Czech Republic, and Russia. Given that Alfa Laval is already an established player in Europe district cooling market, the acquisition contributed toward augmenting NIBE’s position in the regional industry.

Powered by the countless number of efficient initiatives undertaken by the European Union, Europe district cooling industry share has witnessed a commendable incline since the last couple of years. In fact, the regional business valuation in 2017, had been pegged at USD 35 billion. As the requirement for decarbonization and energy efficient facilities increase, Europe district cooling industry demand is likely to witness an upsurge. Additionally, the continent has been observing an influx of projects focusing on the renovation of conventional district cooling systems for optimized energy usage. Aided by a plethora of supportive norms and the implementation of strategic initiatives, Europe district cooling market size is expected to surpass a revenue collection of USD 40 billion by 2024.

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Ease of parity, high standard of maintenance & operations and economies of scale in long run are some of the prominent features which will foster the Europe district cooling market share. In addition, the high flexibility and reliability of systems with numerous production technologies will positively influence the business landscape. Extreme climatic conditions across the region including Germany, Sweden and Italy will boost the product adoption. For instance, the number of annual cooling days in 2017 in Italy were 295 when compared with 200 in 2016.

Sweden district cooling market is predicted to reach over 3,000 TJ by 2024. Growing adoption of sustainable energy technologies on account of ambitious government targets will foster the industry growth. In addition, the geographical proximity of nation across the Gulf stream has also paved ways for the development of DC systems. In 2017 the government of Sweden has strategic initiatives to invest USD 103.7 billion for the development of clean energy technologies by 2020.

The increasing demand for commercial floor space owing to developing service sector across the region will stimulate the commercial district cooling market. The enduring investments toward infrastructural development along with increasing emphasis on sustainable building solutions and energy efficiency will further accelerate the industry growth. In 2016, according to the European real estate sector the investments across commercial properties were valued around USD 107.8 billion.

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Eminent industry players in the Europe district cooling market includes Ramboll, Vattenfall, Veolia, Helen Oy, Engie, Wein Energi, Alfa Laval, Siemens, Fortum, Logstor and Goteborg Energi. The leading industry players are focusing on product customization and R&D activities as a major strategic position to sustain their presence across the region.

Table of Contents (ToC) of the report:

Chapter 4. Europe District Cooling Market, By Production Technique

4.1. District heating distribution network market share by production technique, 2017 & 2024

4.2. Free Cooling

4.2.1.   Market estimates and forecast, 2013-2024

4.3. Absorption Cooling

4.3.1.   Market estimates and forecast, 2013-2024

4.4. Heat pumps

4.4.1.   Market estimates and forecast, 2013-2024

4.5. Others

4.5.1.   Market estimates and forecast, 2013-2024

Chapter 5. Europe District Cooling Market, By Application

5.1. Europe district cooling market share by application, 2017 & 2024

5.2. Residential

5.2.1.   Market estimates and forecast, 2013-2024

5.3. Commercial

5.3.1.   Market estimates and forecast, 2013-2024

5.3.1.1.   College/University

5.3.1.1.1.  Market estimates and forecast, 2013-2024

5.3.1.2.  Office Buildings

5.3.1.2.1.  Market estimates and forecast, 2013-2024

5.3.1.3.  Government Buildings

5.3.1.3.1.  Market estimates and forecast, 2013-2024

5.3.1.4.  Others

5.3.1.4.1.  Market estimates and forecast, 2013-2024

5.4. Industrial

5.4.1.   Market estimates and forecast, 2013-2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/europe-district-cooling-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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