SELBYVILLE, Del. — The Europe District Cooling Pipeline Network Market is set to grow from its current market value of more than $900 million to over $1 billion by 2024, as reported in the latest study by Global Market Insights Inc.
Growing demand for sustainable cooling solutions, coupled with rising concerns pertaining to emissions, will drive the market. Acceleration in demand for space cooling on account of growing average surface temperature across the region, including Germany, Italy, and Sweden, will also propel the industry growth. According to EEA, the annual mean temperature across Eastern and Central Europe is projected to rise by 10° to 30°C by 2019.
Reduced maintenance cost, longer life cycles, reduced heat loss, and high efficiency are some of the key features that will drive the district cooling pipeline network market. In addition, the increasing use of sustainable insulating material, including HDPE, polyurethane, and PUR, favored by ongoing government subsidies and incentives, will propel the business outlook.
Growing penetration of small- scale cooling systems across the residential establishments, along with government-assisted research and development initiatives, will stimulate the demand for 20- to 100-mm diameter pipes.
Growing investments toward the deployment of green building structure, coupled with stringent building emissions norms, will further stimulate the commercial district cooling pipeline network market.
For more information, visit www.gminsights.com.
Publication date: 6/18/2018