South East Asia District Cooling Market Scope & Volume Analysis with Executive Summary 2027

 


Future South East Asia District Cooling Market: Key Dynamics, Size & Share Analysis

The South East Asia District Cooling Market is expected to grow at a CAGR of around 9.8% during the forecast period i.e. 2022-2027.

Top Driver Impacting the South East Asia District Cooling Market Growth

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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Understanding the Core Segments in the South East Asia District Cooling Market Market

South East Asia District Cooling Market Market Size, Share & Industry Trends Analysis - 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.)

Geographical Analysis of the South East Asia District Cooling Market Market

-By Region

  • Malaysia
  • Singapore
  • Thailand
  • Vietnam
  • Indonesia
  • Rest of South East Asia

Singapore & Thailand had a noticeable market size of district cooling systems due to various urban developments like construction & designing of commercial buildings like business parks, hotels, retail malls, factories, etc., in these countries in 2021.

Who Dominates the South East Asia District Cooling Market Market Insights on Key Industry Players?

Companies are strengthening their presence in the South East Asia District Cooling Market market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

  • 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

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