Thailand District Cooling Market is expected to grow with a CAGR of 7.3% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below.
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Thailand district cooling market is a consolidated market, which includes a specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenarios.
The major players dealing in Thailand district cooling market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.
For instance,
- In July 2020, TEAM Consulting Engineering and Management Public Company Limited, along with BCPG Public Company Limited, Keppel DHCS Pte Ltd (Keppel DHCS), 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. This had helped the company to enhance their customer base in the market
BCPG Public Company Limited is the dominating player in the Thailand district cooling market. The other key players existing in the market include Thai Shinryo Limited (A Subsidiary of SHINRYO CORPORATION), ENGIE, Keppel Corporation Limited, ALFA LAVAL, SNC-Lavalin Group, TEAM Consulting Engineering and Management Public Company Limited, Siemens, Xylem, and among others.
BCPG Public Company Limited
BCPG Public Company Limited was established in 2015 and is headquartered in Bangkok, Thailand. The company is engaged in developing and providing clean and environmentally friendly renewable power solutions to customers. The company's business categories include solar power, wind power, geothermal power, biomass power, hydropower, and smart energy, where the market-focused category is smart energy.
- 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. This has helped the company to grow in the market
- 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. The contract had helped the company to enhance its customer base in the market
The company has a presence in Asia-Pacific. In addition, the company also generates its revenue from various subsidiary companies such as Nakatsugawa PV Godo Kaisha (Japan), Lomligor Co., Ltd. (Thailand), Nikaho PV Godo Kaisha (Japan), Nagi Pv Godo Kaisha (Japan), BCPG Japan Corporation (Japan) among others.
VEOLIA
Veolia is founded in 1853 and is headquartered in Pyrmont, Australia. The company is engaged in developing and providing water, waste, and energy management solutions to the customers. The business segments of the company include water, waste, and energy. The market-focused business segment is energy. The service categories of the company include recycling and wastewater services, hazardous waste, energy services, integrated environmental services, and others, where the market-focused category is energy services.
- In October 2019, Veolia had received global recognition at the 2019 Global District Energy Climate awards in Iceland. Veolia was awarded this award for significant innovation in the district energy sector. It 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 tons over the contract life. The contract has helped the company to enhance its customer base and to grow in the market
The company has a presence in North America, South America, Europe, Asia, Middle East, and Africa. In addition, the company also generates its revenue from various subsidiary companies such as Veolia Water (France), Veolia Environmental Services (Australia), Pty Limited (Australia), Veolia Water Technologies-Thailand (Thailand), Veolia Colombia (Colombia), Veolia India Private Limited (India) among others
ENGIE
ENGIE was incorporated in 2004 and is headquartered in Courbevoie, France. The company is engaged in developing and providing water, gas, renewable energy solutions and services to the customers. The product categories of the company include renewable energies, client solutions, thermal energy, and infrastructures. The market-focused category is client solutions.
- In May 2021, ENGIE announced that JTC Corporation had selected them to build, own and operate the underground district cooling system (DCS) for the Punggol Digital District. This district cooling facility will provide air conditioning to the Business Park, community, retail outlets, and transportation nodes within the district. It will help the company to enhance its customer base and to grow in the market
- In June 2020, ENGIE entered into a joint venture with Sunway Construction Sdn Bhd (SunCon) to boost Malaysia's environmental sustainability efforts via the expansion of district cooling technology. Through this, ENGIE provided a district cooling technology solution for SunCon office buildings, retail malls, educational institutions, medical centers, hotels, resorts, theme parks, and factories. This has helped the company to enhance its customer base and to grow in the market
- In February 2020, ENGIE announced that they had been selected by the Singapore Institute of Technology (SIT) to construct the district cooling system (DCS) for their new campus at Punggol Digital District. Under this, ENGIE designed the 30,000 refrigeration ton (RT)1 Punggol Digital District DCS network. It has helped the company to enhance its customer base and to grow in the market.
The company has a presence in North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. In addition, the company also generates its revenue from various subsidiary companies such as Electrabel (Belgium), ENGIE Romania SA (Romania), ENGIE Holding (Thailand) Co. Ltd. (Thailand), ENGIE Insight Services Inc. (U.S.), GRTgaz (France) among others.
