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11/6/23, 2:07 PM UAE district cooling market to grow at a CAGR of 10% from 2023 to 2028

Emirates Central Cooling Systems Corporation Empower. Image for illustrative purpose.
Empower
UTILITIES
UAE district cooling market to grow at a CAGR of 10% from

2023 to 2028

Empower holds more than 80% of Dubai’s district cooling market
Staff Writer, Zawya Projects

November 6, 2023

The UAE district cooling market is projected to grow at a compound annual growth rate (CAGR) of

nearly 10.12 percent between 2023 and 2028, Emirates Central Cooling Systems Corporation
(Empower) said in its outlook published in its three and nine-month 2023 financial statement.

“The UAE is taking the lead in the development of district cooling as a significant energy-efficient
solution and Empower is poised to utilise the opportunity by expanding its footprint across UAE and

also explore other expansion opportunities,” the statement filed with the Dubai Financial Market said.

In the third quarter of 2023, Empower added nearly a dozen new buildings to its portfolio, with 70
percent of these being residential buildings, 20 percent commercial, and 10 percent mixed-use
buildings, a related press statement said.

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