The global deep lake water cooling systems market is projected to amplify with a CAGR of 7.9% over the forecast duration of 2022-2030.
The Market Statsville Group (MSG) predicts a CAGR of 7.9% for the global deep lake water cooling system market from 2022 to 2030. A revolutionary cooling method that effectively replaces traditional air conditioning is deep lake water cooling (DLWC).
Buildings are cooled by the system using lake water that is frigid. The capacity of the DLWC system varies depending on the model and requirement. Increasing end-user industry demand and the uptake of technology will fuel the market's expansion globally throughout the course of the projected period.
The technology's basic premise is straightforward: rather than relying on energy-guzzling compressors and chillers to remove heat from buildings, DLWC uses water from nearby Lake Ontario. It is an energy-sharing, low-carbon, and sustainable system.
When deep lake water is cooled, less energy is used than with other methods, and water usage is significantly reduced. The system is so effective that it saves the city each year 90,000 megawatt hours of electricity, which is equivalent to the power needed to run a town of 25,000 people., it's anticipated that 30% of the city's floor space would be heated and cooled using low-carbon technologies.
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The Operation of the Deepwater Lake Cooling System
Towers used in conventional commercial water-cooling systems frequently evaporate water to remove heat. Enwave estimates that the Toronto system saves about 220 million gallons of water annually, the equivalent of 350 Olympic-sized swimming pools, because DLWC prevents that evaporation.
How does Toronto's DLWC system save that much energy?
5 kilometres of intake pipelines reach Lake Ontario.
The pipelines extract water from an 83-meter depth.
Toronto Water pumps cold water to the Island Filtration Plant for processing.
These pipes just require a small amount of energy for the water to move itself through them.
These three enormous pipes are located roughly half a mile apart from one another.
A fourth pipe is now being planned. Installed, it might increase by as much as 60%. more capacity.
Global Deep Lake Water Cooling System Market- Key trends
Stringent emission regulations across various economies is augmenting industry outlook
With rapid urbanization and industrialization, the world is witnessing a massive wave of environmental pollution. This in turn has pushed various nations to adopt efficient sustainability trends to reduce emission levels. Various nations have implemented stringent emission regulations as a step towards environmental protection. This is turn is increasing adoption of deep lake water cooling systems owing to their eco-friendly nature.
Global Deep Lake Water Cooling System Market- Segmental assessment
- 18,000 tons and below
- 18,000 tons to 35,000 tons
- 35,000 tons to 70,000 tons
- 70,000 tons and above
- Educational Campuses
- Government Buildings
- Residential Buildings
The commercial segment is poised to amass notable gains over the estimated timeline owing to the rapid adoption of district coolers across commercial complexes to reduce their energy consumption costs.
Global Deep Lake Water Cooling System Market- Competitive hierarchy
The prominent players characterizing the competitive ambit of this market vertical are ACCIONA, BARDOT Group, Entrepose Group, Enwave Energy, Makai Ocean Engineering, and Ocean Thermal Energy Corporation.
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