In-Depth Analysis of the South East Asia District Cooling Market: 2022-2027 Forecasts
MarkNtel Advisors has recently released an in-depth study on the South East Asia District Cooling Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.
What are the primary market insights shaping the trajectory of the industry?
The South East Asia District Cooling Market is anticipated to grow at a CAGR of around 9.8% during the forecast period, i.e., 2022-27.
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Who are the top companies in the South East Asia District Cooling Market?
- Xylem
- Trane
- Siemens
- Samson Vietnam Co., Ltd.
- AVK
- Keppel DHCS
- SP Group
- ENGIE Group
- ABB
- Mitsui & Co.
- Shinryo
- SunCon
- Gas District Cooling (M) Sdn Bhd
- District Cooling System and Power Plant Co., Ltd.
- Others
South East Asia District Cooling Market Segmentation:
By Production Technique
- Free Cooling
- Electric Chiller
- Absorption Cooling
- Others (Heat Pumps etc.)
By End User
- Hospitality
- Healthcare
- Commercial Offices
- Transportation
- Industries
- Residential Buildings
- Retail
- Others (Government Buildings etc.)
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Regional/ Countries Insight:
- Malaysia
- Singapore
- Thailand
- Vietnam
- Indonesia
- Rest of SEA
What are the primary market drivers influencing the growth of South East Asia District Cooling Market?
Key Drivers: Steady Growth in District Cooling Market due to Various Township Developments
The township development in urban areas like Bangkok in Thailand and Jakarta in Indonesia has witnessed continuous constructions of high-rise buildings since 2017 to attract tourism businesses. Besides, the urban development in these metropolitan cities has also allowed incorporating district cooling systems in commercial buildings, such as five-star hotels, retail malls, airports, etc., due to high cooling demand fulfilled by green building standards. With all these reasons and upcoming projects during 2022-27, district cooling systems across South East Asia would have a considerable market size.
In this ongoing process of development of a city, MITSUI & Co., Ltd. has invested in district cooling & power distribution business to supply the ‘One Bangkok development’ project in Bangkok, Thailand, a new landmark development in central Bangkok likely to open by 2023. The project comprises of 16.7-hectare site, i.e., a 16-building fully-integrated district with five premium-grade office towers, three luxury residential towers, five luxury & lifestyle hotels, four differentiated retail precincts, and art & culture & public spaces. The centralized district cooling infrastructure would provide environmental benefits & efficiencies.
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Gain a Competitive Edge with Market Research Report
- The South East Asia District Cooling Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
- Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
- The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
- Apart from market trends and projections, the South East Asia District Cooling Market Report assists in assessing and mitigating risks associated with entering or operating in the market
- By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.
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