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District Heating & Cooling Market Size

  • Report ID: GMI2877
  • Published Date: Jun 2023
  • Report Format: PDF

District Heating & Cooling Market Size

District Heating & Cooling Market surpassed USD 397.7 billion in 2022 and is likely to showcase CAGR of 7% from 2023 to 2032. The supportive government incentive programs and target to achieve net zero emission in line with national targets for renewable energy integration will energize the industry landscape. District heating is a system of supplying heat to multiple buildings or residential areas from a centralized source. On the other hand, district cooling  is a centralized system that supplies chilled water or air conditioning to multiple buildings or areas from a central cooling plant, offering efficient cooling solutions.

 

District Heating & Cooling Market

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Increasing utilization of sensible heat for commercial purposes along with a growing emphasis on adopting clean energy sources will drive the industry growth. Ongoing refurbishment and replacement of conventional power plants with cost effective clean energy generation facilities will foster the favorable business scenario. Rising infrastructure investments in line with surging demand for sustainable technology systems will propel the market outlook. In addition, the growing demand for environmentally friendly temperatures in residential, industrial, and commercial areas will further drive the demand for district heating & cooling solutions.
 

 

Continuous investment in the development of effective climate solutions coupled with the deployment of advanced heating and cooling systems solutions will influence the district heating & cooling market growth. Abundant availability of low-cost waste streams and high-power costs are the key prominent factors that will strengthen the technology adoption in forthcoming years. Moreover, government policies related to heat and electricity supply in conjunction with supported by well implemented policy interventions will thrust the industry expansion. The growing implementation of effective marketing and promotional strategies by key industry players will contribute to the increased requirement of these systems.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market for district heating & cooling surpassed USD 397.7 billion in 2022 and will witness 7% CAGR from 2023-2032 due to the influx of supportive government incentive programs and targets for achieving net zero emissions.

District heating and cooling industry size from commercial applications will exceed USD 300 billion by 2032 driven by the higher adoption of sustainable building measures and codes.

Asia Pacific district heating & cooling sector is estimated to amass USD 220 billion by 2032 owing to the rise in development of climate action plans implemented by governments.

Some of the leading district heating & cooling industry players include ENGIE, Cetetherm, Wien Energie GmbH, Helen Oy, Veolia, Singapore Power Ltd., Stellar Energy International, Danfoss, Marafeq Qatar, and DC Pro Engineering.

District Heating & Cooling Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 31
  • Tables & Figures: 690
  • Countries covered: 19
  • Pages: 400
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