Quick Overview of the South East Asia District Cooling Market Analysis
The South East Asia District Cooling Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.
Detailed Analysis of South East Asia District Cooling Industry (2022-27): Reveals Further Growth &Market Expansion
According to the most recent study, the South East Asia District Cooling Market is projected to grow at a CAGR of around 9.8% during the forecast period, i.e., 2022-27. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2022-27.
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Possible Market Restraint: High Installation & Maintenance Costs Associated with District Cooling Systems
The installation & maintenance costs of district cooling systems are two or three times higher than the conventional systems, which might act as a significant growth challenge for the District Cooling Market in developing countries like Indonesia, Vietnam, etc., as per the country’s economy.
South East Asia District Cooling Market Segmentation Analysis
-By Production Technique
- Free Cooling
- Electric Chiller
- Absorption Cooling
- Others (Heat Pumps etc.)
-By End User
- Hospitality
- Healthcare
- Commercial Offices
- Transportation
- Industries
- Residential Buildings
- Retail
- Others (Government Buildings etc.)
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Geographical Analysis:
-By Country
- Malaysia
- Singapore
- Thailand
- Vietnam
- Indonesia
- Rest of SEA
Singapore & Thailand had a noticeable market size of district cooling systems due to various urban developments like construction & designing of commercial buildings like business parks, hotels, retail malls, factories, etc., in these countries in 2021. Moreover, the township development & mixed land-use projects in these countries have also driven the demand for district cooling systems.
Key Players and Competitive Strategies in the South East Asia District Cooling Market
The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:
- 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
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Recent Developments by Leading Companies
- 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 Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography and product adoption?
- How has the competition been shaping up across various regions?
- How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2022-27?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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