South East Asia District Cooling Market Research Report: Forecast (2022-27)

South East Asia District Cooling Market Research Report: Forecast (2022-2027F) Exploring Growth Opportunities & Environmental Sustainability of South East Asian Region

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Document Outline

02

Research Scope

14

Sample Illustration

41

Research Process & Methodology

50 52 54 © 2021 | Reproduction is forbidden unless authorized | All Rights Reserved

Report Particulars, Key Questions Answered, Market Segmentation, Table of Content

South East Asia District Cooling Market Research Report: Forecast (2022-2027F)

Research Approach, Research Methodology

Commercials About MarkNtel Advisors Who we are?

Disclaimer & Contact Details

2

Report Particulars South East Asia District Cooling Market Report Basics Sr. No

Particulars

1

Report Published

December 2021

2

Number of Research Hours

152

3

Total Number of Pages in the Final Report

120+

4

Research Period

2017-2027F Historical Years

5

Currency Used Throughout the Report

6

Market Measurement

7

Number of Top Countries/Markets Covered in the Report

2017-2020

Base Year

2021

Estimated Year

2022

Forecast Year

2027F The United States Dollars OR USD Value in USD Million; Volume in Tons of Refrigeration 5 #The charts and shapes in the sample are not meant to be scaled

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3

Market Segmentation

South East Asia (SEA) District Cooling Market

Country

Production Technique

End User

Company

• ABB

• Malaysia

• Free Cooling

• Hospitality

• Xylem

• Mitsui & Co.

• Singapore

• Electric Chiller

• Healthcare

• Trane

• Thailand

• Absorption Cooling

• Commercial Offices

• Siemens

• Shinryo

• Vietnam

• Others (Heat Pumps etc.)

• Transportation

• Samson

• SunCon

• Indonesia

• Industries

• Rest of SEA

• Residential Buildings • Retail • Others (Government Buildings etc.)

Vietnam Co., Ltd. • AVK • Keppel DHCS

• Gas District Cooling (M) Sdn Bhd • District Cooling

• SP Group

System and

• ENGIE Group

Power Plant Co., Ltd. • Others

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4

Study Background – Project Outline

(1/6)

Table of Content 1.

2.

3.

4.

5.

6.

7.

Page No.

Introduction 1.1. Research Process 1.2. Assumption 1.3. Market Segmentation 1.4. Market Definition Executive Summary South East Asia District Cooling Market Trends & Insights South East Asia District Cooling Market Dynamics 4.1. Growth Drivers 4.2. Challenges 4.3. Impact Analysis South East Asia District Cooling Market Policies, Regulations, Material Type Standards South East Asia District Cooling Market Hotspot and Opportunities South East Asia District Cooling Market Outlook, 2017- 2027F 7.1. Market Size and Analysis 7.1.1.By Revenues 7.1.2.By Volume (in Tons of Refrigeration) 7.2. Market Share and Analysis

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Study Background – Project Outline

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Table of Content

Page No.

7.2.1. By Production Technique 7.2.1.1. Free Cooling 7.2.1.2. Electric Chiller 7.2.1.3. Absorption Cooling 7.2.1.4. Others (Heat Pumps etc.)

7.2.2. By End User 7.2.2.1. Hospitality 7.2.2.2. Healthcare 7.2.2.3. Commercial Offices 7.2.2.4. Transportation 7.2.2.5. Industries 7.2.2.6. Residential Buildings 7.2.2.7. Retail 7.2.2.8. Others (Government Buildings etc.)

7.2.3. By Country 7.2.3.1. Malaysia 7.2.3.2. Singapore 7.2.3.3. Thailand

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6

Study Background – Project Outline

(3/6)

Table of Content

8.

9.

Page No.

7.2.3.4. Vietnam 7.2.3.5. Indonesia 7.2.3.6. Rest of SEA 7.2.4. By Company 7.2.4.1. Competition Characteristics 7.2.4.2. Market Share & Analysis 7.2.4.3. Competitor Placement in MarkNtel Quadrant Malaysia District Cooling Market Outlook, 2017-2027F 8.1. Market Size & Analysis 8.1.1. By Revenues 8.1.2. By Volume (in Tons of Refrigeration) 8.2. Market Share and Analysis 8.2.1. By Production Technique 8.2.2. By End User Singapore District Cooling Market Outlook, 2017-2027F 9.1. Market Size & Analysis 9.1.1. By Revenues 9.1.2. By Volume (in Tons of Refrigeration)

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7

Study Background – Project Outline

(4/6)

Table of Content

Page No.

9.2. Market Share and Analysis 9.2.1. By Production Technique 9.2.2. By End User 10. Thailand District Cooling Market Outlook, 2017-2027F 10.1. Market Size & Analysis 10.1.1. By Revenues 10.1.2. By Volume (in Tons of Refrigeration) 10.2. Market Share and Analysis 10.2.1. By Production Technique 10.2.2. By End User 11. Vietnam District Cooling Market Outlook, 2017-2027F 11.1. Market Size & Analysis 11.1.1. By Revenues 11.1.2. By Volume (in Tons of Refrigeration) 11.2. Market Share and Analysis 11.2.1. By Production Technique 11.2.2. By End User 12. Indonesia District Cooling Market Outlook, 2017-2027F

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8

Study Background – Project Outline

(5/6)

Table of Content

Page No.

12.1. Market Size & Analysis 12.1.1. By Revenues 12.1.2. By Volume (in Tons of Refrigeration) 12.2. Market Share and Analysis 12.2.1. By Production Technique 12.2.2. By End User 13. South East Asia District Cooling Market Key Strategic Imperatives for Success and Growth 14. Competitive Outlook 14.1. Competition Matrix 14.1.1. Material Type Portfolio 14.1.2. Brand Specialization 14.1.3. Target Markets 14.1.4. Target Material Types 14.1.5. Research & Development 14.1.6. Strategic Alliances 14.1.7. Strategic Initiatives 14.2. Company Profiles (Business Description, Material Type Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans) 14.2.1. Xylem Inc.

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9

Study Background – Project Outline

(6/6)

Table of Content

Page No.

14.2.2. Trane 14.2.3. Siemens 14.2.4. Samson Vietnam Co., Ltd. 14.2.5. AVK 14.2.6. Keppel DHCS 14.2.7. SP Group 14.2.8. ENGIE Group 14.2.9. ABB 14.2.10. Mitsui & Co. 14.2.11. Shinryo 14.2.12. SunCon 14.2.13. Gas District Cooling (M) Sdn Bhd 14.2.14. District Cooling System and Power Plant Co., Ltd. 14.2.15. Others 15. Disclaimer

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10

Document Outline

02

Research Scope

14

Sample Illustration

41

Research Process & Methodology

50 52 54 © 2021 | Reproduction is forbidden unless authorized | All Rights Reserved

Report Particulars, Key Questions Answered, Market Segmentation, Table of Content

South East Asia District Cooling Market Research Report: Forecast (2022-2027F)

Research Approach, Research Methodology

Commercials About MarkNtel Advisors Who we are?

Disclaimer & Contact Details

11

South East Asia District Cooling Market Outlook, 2017-2027F

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12

South East Asia District Cooling Market, By Revenues, By Volume Figure XX: South East Asia District Cooling Market Revenues (USD Million) & Market Volume (Tons of Refrigeration), 2017-2027F

CAGR

2017

Revenues: XX.XX% | Volume: XX.XX%

2018

2019

2020

CAGR

2021 Revenue (USD Million)

2022E

2023F

Revenues: XX.XX% | Volume: XX.XX%

2024F

2025F

2026F

2027F

Volume (Tons of Refrigeration) Source: MarkNtel Advisors

Market Overview • The Southeast Asia district Cooling market has shown considerable growth during 2017-19. The steady growth was due to some government made mandatory norms for the implementation of district cooling systems in commercial buildings. For example: In 2018, Department of Alternative Energy Development and Efficiency, Thailand mandated some green building standards for residential and commercial buildings such as Energy Codes, Energy Management Standards, etc., which include district cooling systems too have been implemented across the country. Due to the COVID-19 pandemic, there was a moderate decline in the district cooling market in 2020, as the construction sites were left non operational. Since 2017, many companies have committed to invest in the development and operations of district cooling systems to meet the green building standards by the government and it is anticipated to steadily grow in the forecast period. For instance: © 2021 | Reproduction is forbidden unless authorized | All Rights Reserved

13

South East Asia District Cooling Market, By Production Technique Figure XX: South East Asia District Cooling Market Volume Share (Percentage), Market Volume Size (Tons of Refrigeration), By Production Technique, 2021 & 2027F Volume Share (Percentage)

Market Size (Tons of Refrigeration)

Free Cooling

2021

Electric Chiller Absorption Cooling Others (Heat Pumps etc.)

2027F

2021 Free Cooling

Electric Chiller

2027F Absorption Cooling

Others (Heat Pumps etc.)

Source: MarkNtel Advisors

•

Based on the type of production technique, the electric chiller held a notable share of the Southeast Asia District Cooling Market from 2017 to 2019. Which can be explained by the growing collaboration of companies to replace the conventional cooling system with a district cooling system. For instance: •

In 2017, ‘ENGIE Group’ and ‘Megajana’ in Malaysia, signed a joined venture to expand chilled water capacity in cyberjaya and with this 2,000 Refrigeration Ton electrical chiller and 20,000 Refrigeration Ton per hour thermal energy storage, Megajana’s energy efficiency had improved by 5 percent. This expansion also raised the existing two district cooling plants to a total installed capacity of 14,000 RT (Tons of Refrigeration) chillers and 95,500 RTh (Refrigeration Ton per Hour) of thermal storage, distributing monthly over 3.8 million RTh of chilled water to its 48 buildings customers through a 12km underground network.

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14

South East Asia District Cooling Market, By End User Table XX: South East Asia District Cooling Market Volume (Tons of Refrigeration), By End User, 2017-2027F 2017

2018

2019

2020

2021

2022E

2023F

2024F

2025F

2026F

2027F

Hospitality

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Healthcare

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Commercial Offices

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Transportation

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Industries

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Residential Buildings

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Retail

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Others (Government Buildings etc.)

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Source: MarkNtel Advisors

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15

South East Asia District Cooling Market, By Competitors Figure XX: South East Asia District Cooling Market Share (Percentage), By Competitors, 2021

Others (USD XX Million)

Trane (USD XX Million)

 XX

 XX

XX%

XX%

 XX

 XX

XX% Suncon (USD XX Million)

XX%

USD XX Million

 XX

Xylem Inc. (USD XX Million)  XX

 XX

 XX

XX% XX% AVK (USD XX Million)

Siemens (USD XX Million)

 XX

 XX

 XX’

 XX

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Source: MarkNtel Advisors

16

Thailand District Cooling Market Outlook, 2017-2027F

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17

Thailand District Cooling Market, By Revenues, By Volume Figure XX: Thailand District Cooling Market Revenues (USD Million) & Market Volume (Tons of Refrigeration), 2017-2027F

CAGR

2017

Revenues: XX.XX% | Volume: XX.XX%

2018

2019

2020

CAGR

2021 Revenue (USD Million)

2022F

2023F

Revenues: XX.XX% | Volume: XX.XX%

2024F

2025F

2026F

2027F

Volume (Tons of Refrigeration) Source: MarkNtel Advisors

Market Overview •

In Thailand, the District Cooling Market has shown sizeable growth during 2017 to 2019, except in 2020 due to the COVID-19 pandemic. The growth was seen during this period was because of mixed land use developments and urban township construction where district cooling systems were implemented. According to the Ministry of Energy Thailand, many construction sites were proposed where district cooling systems had to be implemented. One of the projects is ‘THE FORESTIAS’ with a cooling capacity of 10,000 RT. Some of the other ongoing projects are: •

The ‘ONE BANGKOK’ project in Thailand was announced in 2017 and the first phase of construction is expected to complete by 2022 and the second phase by 2025. © 2021 | Reproduction is forbidden unless authorized | All Rights Reserved

18

Thailand District Cooling Market, By Production Technique Figure XX: Thailand District Cooling Market Volume Share (Percentage), Market Volume Size (Tons of Refrigeration), By Production Technique, 2017 & 2027F Market Volume Size (Tons of Refrigeration), 2021 & 2027F

Revenue Share (Percentage) Free Cooling

2021

Electric Chiller

2027F

Absorption Cooling Others (Heat Pumps etc.)

2021 Free Cooling

Electric Chiller

2027F Absorption Cooling

Others (Heat Pumps etc.)

Source: MarkNtel Advisors

Electric Chiller to Gain Significant Share than Absorption Chiller •

In Thailand, the electric chiller has attained a noticeable share of the district cooling market from 2017 to 2019. The attainment of notable share by electric chiller been due to coefficient of performance (COP) of electric chiller being higher than absorption chiller and thus was preferred more. For example, •

In 2017, ‘Thai Shinryo Ltd. had constructed a Chiller Plant at The New Government Complex, Bangkok. The scale of project was Absorption Chiller 1,600 RT × 2 units, Electrical Chiller 2,000 RT × 1, Electrical Chiller 1,000 RT × 1.

•

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19

Thailand District Cooling Market, By End User Table XX: Thailand District Cooling Market Volume (Tons of Refrigeration), By End User, 2017-2027F 2017

2018

2019

2020

2021

2022E

2023F

2024F

2025F

2026F

2027F

Hospitality

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Healthcare

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Commercial Offices

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Transportation

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Industries

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Residential Buildings

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Retail

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Others (Government Buildings etc.)

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Source: MarkNtel Advisors

© 2021 | Reproduction is forbidden unless authorized | All Rights Reserved

20

Document Outline

02

Research Scope

14

Sample Illustration

41

Research Process & Methodology

50 52 54 © 2021 | Reproduction is forbidden unless authorized | All Rights Reserved

Report Particulars, Key Questions Answered, Market Segmentation, Table of Content

South East Asia District Cooling Market Research Report: Forecast (2022-2027F)

Research Approach, Research Methodology

Commercials About MarkNtel Advisors Who we are?

Disclaimer & Contact Details

21

Disclaimer •

MarkNtel Advisors LLP provides valuable market intelligence to an exclusive group of customers in response to orders. The report is licensed for the customer's internal use only and is subject to restrictions set henceforth. This document and its contents are confidential and may not be further distributed, published, or reproduced, in whole or in part, by any medium or in any form for any purpose, without the written consent of MarkNtel Advisors. The customer will not disclose the contents of the report, whether directly through any medium or indirectly through incorporation in a database, marketing list, report or otherwise, or use or permit the use of information to generate any statistical or other information that is or will be provided to third parties, or voluntarily produce information in legal proceedings.

•

Market reports are based on expectations, estimates and projections as of the date such information is available. Any recommendation contained in this report may not be suitable for all investors or

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businesses. The market conclusions drawn are necessarily based upon a number of estimates and assumptions that, while considered reasonable by MarkNtel Advisors as of the date of such statements, are inherently subject to market fluctuations and business, economic and competitive uncertainties, and contingencies

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