Top 5 Leading District Cooling Companies In The Global Market

1. Top 5 Leading District Cooling Companies In The Global Market

2. On a global scale, consumers require more energy for cooling than heating. Due to high emission rates, growing demand for refrigeration and air conditioning is projected to result in rising temperatures. • Rapid urbanisation, along with the rising need for a better climate in business and residential buildings is driving demand for central cooling systems that can provide environmental and economical benefits. • District cooling is a cost-effective method of producing and distributing cooling across several commercial applications from a single source. • This system provides operational flexibility and convenience by using the same energy source for all buildings, allowing each to use cooling as needed without having to worry about chiller size or capacity.

3. The lockdown imposed by the government has forced the closure of a number of commercial establishments, including malls, theatres, restaurants, and other businesses. • They are the largest users of district cooling plants, and the shutdown has resulted in a huge drop in demand throughout the world. • The need for cooling in residential buildings is projected to skyrocket as people become more confined to their homes and remote working becomes more popular throughout the world. • As digitalization grows, remote working is likely to be integrated into the operating strategies of numerous organisations resulting in a spike in demand for residential cooling. • In this blog, we have listed down the top 5 district cooling companies in the global market.

4. Engie • Engie SA, headquartered in La Defense, Courbevoie, is a French worldwide electric utility business. • The firm holds more than 22% of the worldwide market share and is the major market player. • In 2020, the firm earned revenues of USD 63.05 billion and operated in 70 countries across the world. • With more than 320 heating and cooling systems across the world, Engie provides sustainable heating and air-conditioning solutions for both the public and private sectors.

5. 2. Emicool LLC • Emicool LLC is the fourth-largest company offering district cooling services in the UAE. • Founded in 2003 the company is quickly establishing itself as a strategic player among the region's top-tier district cooling service providers. • Emirates District Cooling LLC is 99 percent owned by Dubai Investments P.J.S.C. and 1 percent owned by Dubai Investments Industries LLC (Emicool).

7. 3. Empower • Empower’s main goal is to make effective use of energy resources across the real estate industry by providing district cooling services (DCS). • In 2002, the firm earned USD 615 million in sales revenue and controlled around 20% of the market. • The firm has a strong presence in the United Arab Emirates. Some of the company’s notable projects include Dubai International Financial Centre, Palm Jumeirah, Business Bay, Jumeirah Lake Towers, etc.

8. 4. National Central Cooling Company • The National Central Cooling Company, commonly known as Tabreed, is the third-largest district cooling company in the world, with a major presence in the GCC countries and the United Arab Emirates. • The company boasts a repertoire of iconic projects such as Dubai Opera, Aldar HQ, Cleveland Clinic, Marina Mall, etc. • The company holds an 80 percent share in Emaar's Downtown Dubai district cooling business, valued at USD 675 million, as of July 2020.

9. 5. Veolia • Veolia, the fifth-placed business on our list, is a multinational corporation located in France and a global leader in resource optimization. • The firm creates and implements specialised solutions to deliver, protect, and replenish resources while enhancing their environmental, economic, and social efficiency. • In 2020, the firm had a market share of more than 10% and produced USD 29.65 billion in sales.

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