Middle East District Cooling Market to 2028 - Segments and Key Drivers

1. Middle East District Cooling Market - Demand Analysis and Application Scope with Top Players to 2028

2. Rising consumption of power across commercial and residential establishments will drive Middle East district cooling market forecast over 2022-2028. 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. • 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 2028. 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.

3. 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. • 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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5. Regional Analysis • 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. • Competitive Analysis • 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.

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