The district cooling market is expected to grow from USD 4.61 billion in 2015 to USD 9.53 billion by 2021, at a CAGR of 13.19% from 2016 to 2021. District cooling is the production and distribution of chilled water from a central source to enable air conditioning. District cooling is apt for large-scale, high-density developments such as downtown business districts, airports, military bases, university campuses, residential towers, and commercial establishments. District cooling plants can use a variety of conventional fuels such as coal, oil, or natural gas. The global district cooling market is expected to witness a high growth rate due to the increasing awareness about environmental protection and changing preference of manufacturers from conventional to energy-efficient cooling technology. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.
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