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Innovative Technologies and Construction Boom to Drive the District Cooling Market in the Kingdom of Saudi Arabia Says Frost & Sullivan - The attractive market in the KSA expected to overtake the UAE market by 2014
Innovative Technologies and Construction Boom to Drive the District Cooling Market in the Kingdom of Saudi Arabia Says Frost & Sullivan

 

PRZOOM - /newswire/ - Dubai, UAE, United Arab Emirates, 2013/10/23 - The attractive market in the KSA expected to overtake the UAE market by 2014.

   
 
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In the wake of increasing focus on sustainability and the 'go green' movement across the globe, the Middle East is also adapting its energy consumption trends to suit the high levels of power demand resulting from extremely high temperatures. District cooling technology is of key importance, as it offers central cooling for multiple buildings effectively while saving about 25 per cent on electrical costs.

According to Frost & Sullivan's recent Whitepaper on District Cooling in the Kingdom of Saudi Arabia (KSA), the district cooling market in the GCC is becoming quite attractive and is expected to earn revenues close to USD 1.7 billion in 2013. A strong technology footprint and addition of new end users like airports, religious sites, and sports and recreational facilities open up opportunities for integrated district cooling systems. With the addition of new technologies and systems such as smart metres, advanced plant controls and sea water usage, the market is trying to be on par with international standards and practices.

"The KSA has become one of the most attractive district cooling business hubs with 26 per cent market share compared to 74 per cent of the all the other GCC countries put together. The district cooling market in the KSA is expected to overtake the UAE district cooling market by 2014 due to an impressive project pipeline and increasing awareness about District Cooling solutions", said Kumar Ramesh, Industry Manager, Environment and Building Technologies, Middle East and North Africa, Frost & Sullivan.

The District Cooling market is moving towards de-centralisation, as an effect of increasing demand from small scale developments requiring 5,000 to 25, 000 Tonnage Rate (TR) of cooling. Chiller manufacturers have introduced 6,000 TR capacity chillers, especially for district cooling plants in the region to target small projects in residential, commercial, and industrial applications.The KSA's District Cooling market is mainly dominated by commercial offices. However, retail sector would soon catch up with a forecast of 30 per cent market share by 2016. Additionally, other important end-user segments are airports, religious sites, oil and gas industry and educational institutions.

Specific provinces like Mecca are also projected to become a hub for the Digital Cooling industry due to developments in commercial, educational and Utilities sectors. The Mecca construction industry is likely to take off in a big way by 2017 due to increased usage in residential and industrial sites. As per a Frost & Sullivan study, the utilities and commercial construction markets saw 24 per cent and 11 per cent usage of District Cooling in the year 2012.

Desalination costs due to water cooled chillers comprise 24 per cent of the cost factors for District Cooling plants in the KSA. Hence, sustainable processes like TSE (Treated Sewage Effluent) and sea water are now being explored by District Cooling industry. Usage of sea water can cause cost benefit of up to USD 4 million in a year.

"Pilot projects are being currently being executed to explore feasibility of smart metre system. To maximise efficiency, District Cooling companies in the UAE are also tying up with energy meter manufacturing companies, thus ensuring controversy free billing procedures along with add on services that Smart metering offers such as remote reading, cash registers and historical data.

"The KSA is expected to embrace innovative technologies like plant control to monitor and supervise central plant operations, smart meters, and sea water sourcing to achieve increased plant efficiency. This is expected to make the KSA a positive market for district cooling and achieve a higher penetration over conventional air conditioning systems", concluded Ramesh.

If you are interested to know more about this Whitepaper, please send an email with your contact details to Tanu Chopra/ Paroma Bhattacharya, Corporate Communications, Frost & Sullivan, at tanu.chopra[.]frost.com/ paromab[.]frost.com

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including research, analysis, strategy, vision, innovation, and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360-degree research, comprehensive industry coverage, career best practices, as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics, and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation

Contact:
Nimisha Iyer, Corporate Communications - Middle East, North Africa, and South Asia
P: +91 98 20050519 / F: +91 22 28324713 - E: niyer[.]frost.com.

 
 
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Innovative Technologies and Construction Boom to Drive the District Cooling Market in the Kingdom of Saudi Arabia Says Frost & Sullivan

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Contact: Tanu Chopra / Paroma Bhattacharya 
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