Global District Cooling Market is expected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The global district cooling market highly concentrated to a few big players and rest to local players who cater to domestic markets only. Tabreed dominated the district cooling market accounting for a highest market share in 2017, followed by Empower, Emicool, Veolia, SNS-Lavalin, Fortum, Keppel Corporation Limited, Ramboll Group A/S, SHINRYO CORPORATION, and Siemens AG among others.
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Tabreed:
Established in 1998 and headquartered in Sweihan, Abu Dhabi. Tabreed is engaged in providing high quality, efficient and environmentally friendly district cooling solutions. The company operates through two major business segments namely Chilled Water and Value Chain Business. District cooling related solution and services are offered in chilled water segment. The Company is ISO 9001-2000 for Quality Management Systems, ISO 14001-1996 for environmental management systems and OHSAS 18001-1999 for occupational health and safety management systems certified. Some of its subsidiaries include S&T Cool District Cooling Company LLC (UAE) Tabreed Holdings WLL (UAE), Tabreed 06 Financing Corp. (UAE), Gulf Energy Systems LLC (UAE), Prime District Cooling Company LLC (Dubai). The company has presence in, Bahrain, Qatar, Oman and KSA.
RECENT DEVELOPMENT:
- In January, Tabreed (Abu Dhabi) acquired district cooling plant in UAE from International Capital Trading (ICT), which results in additional 11,500 refrigeration tons (RT) of cooling. This acquisition has increased its portfolio to 71 district cooling plants throughout the GCC, which has increased market share and with cost efficiency.
Empower:
Established in 2003 and headquartered in Dubai, UAE. Empower Company is engaged in providing district cooling service in real estate sector. The company was formed as a joint venture between Dubai Electricity and Water Authority (DEWA) and TECOM Investments. The company was awarded Royal Decree by the ruler of Dubai at the time of its establishment. It operates through four business segments namely power, connectivity, smart industry and energy intelligence. District cooling system products are, offered in energy intelligence.
The company is an ISO9001:2008 certified. The company is active in Finland, Sweden, Estonia, Latvia and Lithuania.
RECENT DEVELOPMENT:
- In April, Empower (Dubai) company signed an agreement with Address Hotel at JBR, Maras Dubai. Through this agreement the company will provide highly-efficient district cooling services along with 6,500 Refrigeration Tonnes (RT). Standing tall at a 1,830,000 sq. This agreement is beneficial for Capital the company in generating profit distributions.
- In January, Empower (Dubai) company is involved in providing district cooling services to 17 per cent of the 674 hotels located in the emirate in Dubai. It also includes three of the world’s tallest hotels in the world. This expansion has improved sales and profitability.
Emicool:
Established in 2003 and headquartered in Dubai, UAE. Emicool is one of the global leaders in providing district cooling services. It provides cost-effective and efficient cooling systems. The company has six strategically located operational plants with capacity more than 330,800 RT. These plants also include reticulation pipe network and energy transfer stations. The company is ISO 9001:2015 certified for its quality management system and ISO 14001:2015 certified for environmental management system.
The company has strong geographic presence in UAE.
RECENT DEVELOPMENT:
- In February, Emicool (Dubai) company received the ISO 50001:2011 for its Energy Management System, which makes it first district cooling company to receive this recognition. In addition to this, Emicool also received the Global Conformity [GC-Mark] as a Certified Green Company and OSHAS 18001:2007 certification for its Occupational Health & Safety Management System. The company has become the first district cooling in the Middle East and North Africa [MENA] region to receive the award.
