District Cooling Market to surpass US$ 39 Bn by 2027

Category: Business

The global district cooling market was valued at around US$ 20 Bn in 2018 and is anticipated to expand at a CAGR of more than 7% during the forecast period. The commercial end-user segment accounted for major share of the district cooling market, increasing utilization of these systems in commercial sectors such as hotels, malls, and offices Middle East & Africa is anticipated to be one of the high growth regions of the district cooling market, due to hot climatic conditions in the sub-region with temperatures ranging between 35°C and 55°C