The global district cooling (DC) market was valued at $11.19 billion in 2015 and is expected to expand at a compound annual growth rate (CAGR) of 5.1 percent to reach $17.33 billion in 2024, according to a new Transparency Market Research report titled District Cooling Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024.

To gauge the competitive dynamics in the global district heating and cooling (DHC) market, the DHC system manufacturers, project contractors, and plant operators in the supply chain will have to be factored in, states a report by Transparency Market Research. 

The district heating and cooling market by consumption was valued at $142.7 billion in 2014 and is expected to expand at a compound annual growth rate (CAGR) of 5.8 percent to reach $243.4 billion in 2024, according to Transparency Market Research.

The International District Energy Association (IDEA) and the Microgrid Resources Coalition (MRC) announced a merger agreement to integrate the resources and technical and regulatory expertise of the MRC into IDEA to strengthen information exchange and advocacy efforts for microgrids.

The global district heating and cooling market is forecast to increase from a valuation of $142.6 billion in 2014 to $229.4 billion by 2023, expanding at a compound annual growth rate (CAGR) of 5.7 percent, according to a report published by Transparency Market Research.

The International District Energy Association (IDEA) has signed a memorandum of understanding (MOU) in conjunction with the Korea District Heating & Cooling Association, the China District Heating Association, Euroheat & Power, and the Ministry of Energy of the Mongol Government.