District Cooling Market to Surpass $79 Billion by 2026
Increasing demand for energy efficient cooling technologies and rising pressure by various governments to reduce greenhouse gas emissions to drive demand for district cooling systems globally, through 2026 According to TechSci Research report, “ Global District Cooling Market By Type, By End Use Sector, By Region, Competition Forecast and Opportunities, 2012 - 2026’’ , global district cooling market is forecast to cross USD79 billion by 2026. District cooling provide a feasible solution to meet growing air conditioning requirements. Low energy requirement, peak saving potential, eco-friendliness and cost-effectiveness are the major factors driving demand for district cooling systems globally. Moreover, district cooling systems can play a vital role in fostering sustainable development. Besides fulfilling cooling needs, district cooling can also reduce dependence on fossil fuels. Furthermore, regulatory bodies across the world have laid down strict regulat...