Overview of the South East Asia District Cooling Industry:
The South East Asia District Cooling Market is projected to experience substantial growth between 2022 and 2027, driven by digital transformation, innovation in service delivery, and expanding demand. With a forecasted CAGR of 9.8% during the forecast period, i.e., 2022-27.
This report offers an in-depth analysis of the key drivers, challenges, competitive landscape, and future outlook — helping businesses, investors, and stakeholders make informed decisions.
Market Size & Forecast (2022–2027)
- Base Year: 2021
- Forecast Period: 2022-27
- Estimated CAGR (2022-27): 9.8%
Key Market Driver (What’s Driving South East Asia District Cooling Sector 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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Top Companies in the South East Asia District Cooling Market
Here’s a snapshot of key players leading innovation and market share:
- 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
The market is highly fragmented, with a mix of the geographical Player competing for market share. To Learn More About the Trends Impacting the Future of Top 10 Companies in Premium South East Asia District Cooling Market
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South East Asia District Cooling Market Segmentation Analysis
-By Production Technique
- Free Cooling
- Electric Chiller
- Absorption Cooling
- Others (Heat Pumps etc.)
Of them all, Electric Chillers held a notable share in the South East Asia District Cooling Market during 2017-19. It owes to its Coefficient of Performance (COP) that ranges between 1.0 & 8.0, i.e., more than absorption chillers (COP 0.54 to 1.1).
-By End Users
- Hospitality
- Healthcare
- Commercial Offices
- Transportation
- Industries
- Residential Buildings
- Retail
- Others (Government Buildings etc.)
The District Cooling Market in South East Asia is projected to witness significant growth around the commercial sector during 2021-26, owing to various ongoing construction projects of major business parks & retail malls in urban areas.
Geographical Analysis
-By Country
- Malaysia
- Singapore
- Thailand
- Vietnam
- Indonesia
- Rest of SEA
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.
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Methodology Behind the Report
This research combines qualitative and quantitative methods, including:
- Expert interviews
- Proprietary forecasting models
- Financial and trade databases
- Government and institutional data
Forecasts are validated using top-down and bottom-up approaches to ensure accuracy and reliability.
Frequently Asked Questions About the South East Asia District Cooling Market
- What is the growth rate of the South East Asia District Cooling market from 2022–2027?
- Which segment are expected to dominate market?
- Who are the top companies and what strategies being they using?
- What are the key risks and challenges in this industry?
- How can businesses prepare for future trends?
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