Heat pump District Cooling Market to grow at 2
More Information @ https://bit.ly/2uXDh09 Residential district cooling market is projected to grow over 2% by 2024. Ongoing deployment of government assisted sustainable establishments along with increasing adoption of small scale DC systems will foster the industry growth. For instance, in 2016, AEB and Westport Warmte initiated a project in Amsterdam to construct DC plants for space cooling across the residential buildings.
More Information @ https://bit.ly/2uXDh09
Residential district cooling market is projected to grow over 2% by 2024. Ongoing deployment of government assisted sustainable establishments along with increasing adoption of small scale DC systems will foster the industry growth. For instance, in 2016, AEB and Westport Warmte initiated a project in Amsterdam to construct DC plants for space cooling across the residential buildings.
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Europe <strong>District</strong> <strong>Cooling</strong> <strong>Market</strong> <strong>to</strong> cross $40bn<br />
by 2024: Global <strong>Market</strong> Insights Inc.<br />
Europe <strong>District</strong> <strong>Cooling</strong> <strong>Market</strong> <strong>to</strong> exceed USD 40 billion by 2024, driven <strong>grow</strong>ing<br />
norms <strong>to</strong>ward zero emission buildings. Acceler<strong>at</strong>ion in the demand for space cooling<br />
systems along with <strong>grow</strong>ing concerns pertaining <strong>to</strong> carbon emissions will drive the<br />
market size. Extreme clim<strong>at</strong>ic conditions across the region including Sweden, Italy<br />
and Germany will stimul<strong>at</strong>e the product penetr<strong>at</strong>ion. For instance, in 2017, the<br />
number of annual cooling degree days (CDD) in Italy were 295 when compared with<br />
200 in 2016.<br />
Ease of parity, economies of scale in long run and high standard of oper<strong>at</strong>ions &<br />
maintenance are some of the key fe<strong>at</strong>ures which will stimul<strong>at</strong>e the Europe district<br />
cooling market size. In addition, the high reliability & flexibility of systems with<br />
various production techniques will positively influence the business <strong>grow</strong>th.<br />
Sweden district cooling market is set <strong>to</strong> reach over 3,000 TJ by 2024. Increasing<br />
penetr<strong>at</strong>ion of renewable energy technologies owing <strong>to</strong> ambitious government<br />
targets <strong>to</strong>ward sustainable technology adoption will fuel the business <strong>grow</strong>th.<br />
Geographical proximity <strong>to</strong> the gulf stream across the n<strong>at</strong>ion will further encourage<br />
the product adoption. The government of Sweden in 2017, has planned <strong>to</strong> invest<br />
USD 103 5 million <strong>to</strong>ward development of renewable energy sec<strong>to</strong>r by 2020.<br />
Commercial district cooling market share is set <strong>to</strong> <strong>grow</strong> owing <strong>to</strong> increasing<br />
emphasis on energy efficiency and sustainable building solutions. The increasing<br />
commercial floor space on account of flourishing service sec<strong>to</strong>r along with ongoing<br />
investments <strong>to</strong>ward infrastructure development will stimul<strong>at</strong>e the industry <strong>grow</strong>th.<br />
According <strong>to</strong> European Real Est<strong>at</strong>e in fourth quarter of 2016, the investments across<br />
commercial establishments were valued <strong>at</strong> USD 107.8 billon.<br />
<strong>He<strong>at</strong></strong> <strong>pump</strong> district cooling market is set <strong>to</strong> witness a <strong>grow</strong>th of over 2% by 2024.<br />
Increasing adoption of product across Northern Europe owing <strong>to</strong> its ease of<br />
comp<strong>at</strong>ibility with conventional he<strong>at</strong>ing technology will foster the industry <strong>grow</strong>th.<br />
These <strong>pump</strong>s are being widely used for cooling and he<strong>at</strong>ing purposes across<br />
residential and commercial establishments. The technology uses waste he<strong>at</strong> <strong>to</strong><br />
gener<strong>at</strong>e energy thereby, reducing the carbon emissions effectively when compared<br />
with its competitive counterparts.<br />
Technological advancement in product development and design along with ongoing<br />
R&D activities will propel the product <strong>grow</strong>th. Increasing government focus <strong>to</strong>ward<br />
sustainable and energy efficient establishments along with stringent emission<br />
reduction targets will propel the district cooling market in Europe. The EU’s<br />
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“Renewable Energy Directive” has enforced standards <strong>to</strong>ward the limit<strong>at</strong>ion and<br />
reduction of emissions caused by industries established across the region.<br />
France district cooling market will <strong>grow</strong> on account of stringent government norms<br />
<strong>to</strong>ward the adoption of energy efficient technologies along with acceler<strong>at</strong>ing<br />
popul<strong>at</strong>ion across the n<strong>at</strong>ion. In addition, the ongoing development of energy<br />
management systems coupled with increasing investments <strong>to</strong>ward innov<strong>at</strong>ive energy<br />
efficiency solutions will stimul<strong>at</strong>e the DC grid network.<br />
Norway <strong>District</strong> <strong>Cooling</strong> <strong>Market</strong> Size, By Production Technique, 2017 & 2024 (USD Million)<br />
Browse key industry insights spread across 150 pages with 160 market d<strong>at</strong>a tables &<br />
9 figures & charts from the report, “Europe <strong>District</strong> <strong>Cooling</strong> <strong>Market</strong> Size By<br />
Production Technique (Free <strong>Cooling</strong>, Absorption <strong>Cooling</strong>, <strong>He<strong>at</strong></strong> Pumps), By<br />
Applic<strong>at</strong>ion (Residential, Commercial {College/University, Office Buildings,<br />
Government Buildings} Industry Analysis Report, Country Outlook (Germany,<br />
Poland, Sweden, Italy, France, Finland, Austria, Norway), Applic<strong>at</strong>ion Potential,<br />
Competitive <strong>Market</strong> Share & Forecast, 2018 – 2024” in detail along with the table<br />
of contents:<br />
https://www.gminsights.com/industry-analysis/europe-district-cooling-market<br />
Notable players c<strong>at</strong>ering the Europe district cooling industry include Engie, Logs<strong>to</strong>r,<br />
Alfa Laval, Ramboll, Siemens, Veolia, Helen, Wien Energi, V<strong>at</strong>tenfall, Goteborg<br />
Energi, and Fortum. Major industry players are focusing <strong>to</strong>ward product<br />
cus<strong>to</strong>miz<strong>at</strong>ion and continuous research and development activities as a key str<strong>at</strong>egy<br />
<strong>to</strong> sustain their presence across the region.<br />
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