Thailand District Cooling Market is forecasted to grow at a CAGR of 7.3% with factors such as Increasing demand for the cooling system in offices, malls, and other industries.
Thailand district cooling market has shown an exceptional penetration due to increasing research and development activities along with the prevalence of the majority of manufacturers is boosting the growth in developed countries. In developing countries, rapid urbanization and industrialization and the increasing effect of global warming and greenhouse gases are creating opportunities for the Thailand district cooling market.
Thailand district cooling Market Scenario
According to Data Bridge Market Research, the market for Thailand district cooling is in the growth phase. The market leader is BCPG Public Company Limited and Veolia, which accounts for an estimated market share of approximately 42.38% and 9.47% respectively. The companies have gained outstanding sales by providing district cooling products.
For instance,
- In December 2020, BCPG Public Company Limited entered into a joint venture with Team Consulting Engineering and Management Public Company Limited (TEAMG) and Keppel DHCS Pte. Ltd and formed Chula District Cooling Company Limited. Under this, BCPG Public Company Limited entered into a district cooling project agreement of commercial area in Suanluang – Samyan with Chulalongkorn University. The joint venture has helped the company to grow in the market
- In April 2019, Veolia signed a Euro 22 million, 25-year district heating management contract with specialist regeneration and property developer U+I. Under this contract, the communities on the site in Hayes, West London, was benefitted from the energy-efficient heating and hot water supplies that reduce carbon emissions by around 10,000 tonnes over the contract life. The contract has helped the company to enhance its customer base and to grow in the market
Trends Impacting the Market
Now the question is which other regions BCPG Public Company Limited and Veolia are targeting? Data Bridge Market Research has forecasted a large growth in the Thailand district cooling market and the market leaders targeting Thailand and other countries to be their next pocket revenue for 2021.
The Thailand district cooling is becoming more competitive every year with companies BCPG Public Company Limited and Veolia as they are the market leaders for Thailand district cooling. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the Thailand district cooling market.
For more analysis on the Thailand district cooling request for a briefing with our analysts https://www.databridgemarketresearch.com/jp/speak-to-analyst/?dbmr=thailand-district-cooling-market
Thailand District Cooling Market Development In 2020
- In July 2020, BCPG Public Company Limited, along with Keppel DHCS Pte Ltd (Keppel DHCS)1 and Thai engineering consultancy TEAM Consulting Engineering and Management Public Company Limited, was awarded a contract by the Property Management of Chulalongkorn University (PMCU) for a district cooling system. It has helped the company to enhance its customer base in the market
Scope Of The Thailand District Cooling Market
All country-based analysis of the Thailand district cooling market is further analyzed based on maximum granularity into further segmentation. On the basis of product, the Thailand district cooling market has been segmented into free cooling, absorption cooling, and electric chillers. On the basis of usage, the Thailand district cooling market has been segmented into storage, production, and distribution. On the basis of the customer, the Thailand district cooling market has been segmented into a commercial building, industrial, hospital, airports, data centers, and others.
To know more about the study https://www.databridgemarketresearch.com/jp/reports/thailand-district-cooling-market
Key Pointers Covered In Thailand District Cooling Market Industry Trends And Forecast to 2028
- Market size
- Market standards and changes
- Market trials in different regions
- Market requirements in different regions
- Market shares in different regions
- Recent developments for market competitors
- Recent market value for different regions
- Sales data for market competitors
- Market key vendors and disruptors study
Key Market Competitors Covered In The Report
- BCPG Public Company Limited
- Veolia
- ENGIE
- TEAM Consulting Engineering and Management Public Company Limited
- ALFA LAVAL
- Keppel Corporation Limited
- Siemens
- SNC-Lavalin Group
- Thai Shinryo Limited (A Subsidiary of SHINRYO CORPORATION)
- Xylem
Above are the key players covered in the report. To know more about an exhaustive list of district cooling companies’, contact us https://www.databridgemarketresearch.com/jp/toc/?dbmr=thailand-district-cooling-market
Research Methodology: Thailand District Cooling Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Managers, Directors, Government, Commercial and Residential Customers, Manufacturing giants, Public Sector Players, and Others
- Supply Side: Service Providers, District cooling Providers, Marketing Managers, Logistics Managers, among others.
Related Reports
- Global District Heating Market – Industry Trends and Forecast to 2028
- Global Data Center Cooling Market – Industry Trends and Forecast to 2027
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