South East Asia District Cooling Market Set for Explosive Growth with CAGR 9.8% by 2027

MarkNtel Advisors recently published a detailed industry analysis of the South East Asia District Cooling Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

South East Asia District Cooling Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027

The South East Asia District Cooling Market is projected to witness CAGR 9.8% growth during the forecast period, i.e., 2022-27

Key Findings in South East Asia District Cooling Market:

• Historical Analysis: 2017–2020
• Base Year: 2021
• Forecast Period: 2022–2027

Leading Market Players- Xylem, Trane, Siemens, Samson Vietnam Co., Ltd., AVK, Keppel DHCS, SP Group, ENGIE Group, ABB, Mitsui & Co., Shinryo, SunCon, Gas District Cooling (M) Sdn Bhd, District Cooling System and Power Plant Co., Ltd., Others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the South East Asia District Cooling industry?

Steady Growth in District Cooling Market due to Various Township Developments- The township development in urban areas like Bangkok in Thailand and Jakarta in Indonesia has witnessed continuous constructions of high-rise buildings since 2017 to attract tourism businesses. Besides, the urban development in these metropolitan cities has also allowed incorporating district cooling systems in commercial buildings, such as five-star hotels, retail malls, airports, etc., due to high cooling demand fulfilled by green building standards. With all these reasons and upcoming projects during 2022-27, district cooling systems across South East Asia would have a considerable market size.

In this ongoing process of development of a city, MITSUI & Co., Ltd. has invested in district cooling & power distribution business to supply the ‘One Bangkok development’ project in Bangkok, Thailand, a new landmark development in central Bangkok likely to open by 2023. The project comprises of 16.7-hectare site, i.e., a 16-building fully-integrated district with five premium-grade office towers, three luxury residential towers, five luxury & lifestyle hotels, four differentiated retail precincts, and art & culture & public spaces. The centralized district cooling infrastructure would provide environmental benefits & efficiencies.

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What segments define the South East Asia District Cooling Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?

By Production Technique

• Free Cooling
• Electric Chiller
• Absorption Cooling
• Others (Heat Pumps etc.)

According to report, Of them all, Electric Chillers held a notable share in the South East Asia District Cooling Market**** during 2017-19.

By End User

• Hospitality
• Healthcare
• Commercial Offices
• Transportation
• Industries
• Residential Buildings
• Retail
• Others (Government Buildings etc.)

According to report, The District Cooling Market in South East Asia is projected to witness significant growth around the commercial sector during 2021-26,

Explore the Complete South East Asia District Cooling Market Analysis Report – https://www.marknteladvisors.com/research-library/south-east-asia-district-cooling-market.html

South East Asia District Cooling Market Recent Development:

•  In 2021, Keppel DHCS tested Thermal Energy Storage (TES) technology in Changi Business Park, Singapore, which is expected to yield more energy-carrying capacity than conventional chilled water storage and earn more than 10% in cost savings yearly.
• In 2021, ‘Engie South East Asia’ got appointed by ‘JTC Corporation’ to build, own, and operate an underground district cooling system (DCS) for the Punggol Digital District (PDD). Under this agreement, Engie would construct the DCS plant equipped with a cooling capacity of 30,000 refrigeration tons, equivalent to cooling 8,000 four-room HDB flats. The partnership would open the market opportunities for other shareholders to fulfill the demand & supply chain.

 Key Questions Addressed in This Study

• What are the primary factors driving the growth of the South East Asia District Cooling Market?
• How is the South East Asia District Cooling Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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