Sellbyville, DE -- (SBWIRE) -- 10/30/2018 -- Middle East District Cooling Market is predicted to surpass USD 12 billion by 2024. Ongoing investments toward numerous government projects coupled with rapid urbanization in the GCC countries will propel the Middle East district cooling market share. Increasing investments for a cost-efficient and reliable cooling system along with the growing infrastructure sector in the region will embellish the business landscape. Emicool in 2015, announced its plan to expand the DC plant capacity to 2,50,000 tons of refrigeration with upgradation of Dubai Investments Park.

Torrid weather conditions along with high humidity across the region will embellish the Middle East district cooling market. High temperatures and long summer season across the year in the GCC countries will further compliment the business landscape. The average temperature in Saudi Arabia reaches to 530 C in summers.

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Commercial district cooling market is projected to exceed 8 million RT by 2024. Growing commercial sector including malls, hotels, offices, shops and hospitals will drive the Middle East district cooling market. Growing demand for Leadership in Energy and Environmental Design along with increasing emphasis on energy conservation will further propel the business landscape.

Government measures and targets toward energy efficiency coupled with flourishing construction sector across the nation will drive the Middle East district cooling market in UAE. The companies in the country are entering into joint ventures for expansion and upgradation of the DC systems. Logster and Empower entered into a joint venture to use fiber optic network in their large DC projects for conservation of water in cooling production and distribution.

Increasing adoption of renewable energy technologies to meet the growing power demand along with ongoing promotion of economical and energy efficient systems will stimulate the Middle East district cooling market. The Dubai Integrated Energy Strategy 2030 was developed in line with the UAE VISION 2021 and Green Growth Strategy to provide uninterrupted and secure renewable power supply.
Absorption cooling accounted for over 6% of the global Middle East district cooling market share in 2016. Eco-friendly technology, reduced CO2 emission and use of waste energy for production purpose will fuel the product penetration.

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Qatar in 2016 accounted for over 8% of the Middle East district cooling market share. Strategic government plans to curb power consumption along with significant expansion of DC systems will enhance the business landscape. The Qatar's National Vision 2030 aims at attaining sustainable development of the country by providing and transforming high standard of living for its people.

The notable players in the Middle East district cooling market includes (Empower), National Central Cooling Company PJSC (Tabreed), Qatar Cool, Stellar Energy, Siemens, ADC Energy, Logstor, Marafeq Qatar and Emicool.

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