Middle East District Cooling Market 2022 By Industry Trends & Growth Forecast To 2030

Rising
consumption of power across commercial and residential establishments will
drive Middle East district cooling market forecast over 2022-2030. Industry
players have been providing solutions that address sustainability concerns.
They are envisioning a healthier, net-zero future by delivering cost and
energy-efficient cooling services to medical facilities, laboratories, clinics,
and other entities operating in the healthcare space. Government buildings,
universities, and educational institutes are likely to refurbish their cooling
infrastructure over the next few years.

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It has been estimated that Middle East district
cooling market size could grow at a CAGR of more than 9% through 2028. National
Central Cooling Company PJSC (Tabreed), Emirates Central Cooling System
Corporation (Empower), ARANER, Emicool, Shinryo Corporation, and SNC Lavalin
are some top providers of district cooling services in the Middle East. These
companies have been aggressively investing in R&D for gaining a competitive
edge in the international landscape.

v  Regional healthcare establishments to
fuel product adoption

As the country boasts of more than 70
hospitals offering high quality care, Oman district cooling industry share from
the healthcare segment will record a high growth rate through 2027. The rising
burden of chronic conditions has been sparking public and private
collaborations, expanding the nation’s healthcare budget significantly.

Dubai district cooling industry share
from healthcare applications is set to achieve a major milestone over the next
few years, thanks to the presence of some of the world’s biggest industry
players. The Emirates Central Cooling Systems Corporation (Empower) has been
servicing more than 40 healthcare projects across the MEA. The company offers a
142,000 refrigeration tons (RT) capacity across the Phase I and II of its Dubai
Health Care City Project.

v  Industrial projects to account for a
sizable share

Countries in Middle East have been
seeing a growing number of industrial investments. As such, construction of
technologically advanced factories will generate opportunities for cooling
solutions. Reduced noise pollutions, minimal greenhouse gas emissions, and
reduction of refrigerant usage are some top benefits offered by industrial
district cooling solutions.

When industrial units deploy these
services, they can save considerable space as there is no need for chiller
plant, which comes with a conventional air-conditioning system. Several factory
owners have been preferring these solutions instead of centralized
air-conditioning systems, as they can simplify their building management.

For example, GITAI Japan, Inc., in
July 2021, won a procurement contract from Japan’s Ministry of Economy, Trade
and Industry (METI) to develop extra-vehicular general-purpose robotic arm and
hand technologies. The budget for the first year of this contract was set at
270 million yen (USD 2.5 million).

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UAE district cooling companies strengthen their foothold

Top regional companies such as Tabreed (National Central
Cooling Company PJSC), have been adopting strategies such as partnerships,
expansions, and acquisitions. Tabreed has expanded its portfolio to reach 86
plants, of which 75 are in the UAE. Recently, the company announced that it
will begin working on new projects across Saudi Arabia, and Egypt. The company recently
partnered with the World Bank’s International Finance Corporation (IFC) and successfully
acquired the Al Maryah plant.

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As new residential and commercial projects take shape across
the Middle East, the regional district cooling industry outlook remains strong.
For instance, Wasl properties recently announced a large project in Al Qusais,
Dubai, consisting of around 6,200 homes, clinics, shops and other commercial
properties across 62 buildings. Further, it has been reported that Saudi
Arabia’s Public Investment Fund has been pushing for more construction projects
in the region. Smart city concept is also gaining traction across countries
like Egypt, which will impact the adoption of HVAC technologies, possibly
fostering regional district cooling market trends.