Solar District Heating Market Industry Analysis Report, Regional Outlook (United States, Canada, Germany, Poland, Norway, Finland, Italy, UK, Austria, China, Japan, Korea, India), Application Development, Competitive Market Share and Forecast, 2019 – 2025
Report ID: GMI3512
The solar district heating market is anticipated grow on account of stringent regulatory norms toward emissions along with increasing investments toward renewable energy technology. The U.S. EPA in 2015, introduced standards toward carbon emissions for control and monitoring of sulphur and carbon emissions across the nation. In addition, these regulations have compelled the consumers to adopt energy efficient systems. Changing climatic condition coupled with adoption of sustainable building codes and standards will boost the industry growth.
Rapid development of urban and industrial areas across the emerging economies owing to rising disposable income, improvement in standard of living and demographic changes will foster the solar district heating market. According to United Nations 2018 statistics, the urban population will increase to 68% by 2050. Better quality air requirement, lower thermal losses, sustainable and energy efficiency are some of the key parameters which will complement the business growth.
Residential solar district heating market is set to witness growth on account of stringent norms and mandates toward conventional heating systems and building emissions. Furthermore, the increasing penetration of small-scale DH systems across Tier II & III will propel the industry growth. The European Union in 2016, introduced ‘EU heating & Cooling Strategy’ to provide sustainable and energy efficient solution to the member nations.
Favorable government incentives, technological advancements and lower cost are some of the key parameters which will drive the solar district heating market growth. For instance, the government of UK in 2015 introduced Heat Network Investment program to provide financial support to around 200 DH network installed in England and Wales. In addition, the ability of these systems to provide high efficiency and better capacity utilization will further augment the industry growth.
Accelerating investments toward real-estate industry along with growing service sector will fuel the commercial solar district heating market growth. Paradigm shift toward construction of green building coupled with strict sustainable building codes and standards will complement the business outlook. For instance, the real estate investments across the commercial sector accounted for USD 32.4 billion in 2017.
Positive outlook toward adoption of energy efficient systems with an aim to minimize to emissions will stimulate the Denmark solar district heating market growth. Increasing heat demand, growing population, lower fuel prices and availability of land area for solar plants are some of the vital parameters which will fuel the industry growth. Changing climatic conditions coupled with increasing investments toward large scale deployment of DH systems will positively influence the product demand.
Key participants operating across the solar district heating market includes Bosch, Alfa Laval, ABB, Aalborg CSP A/S, Danfoss, Fortum, Vattenfall and Ramboll. The leading industry players are focusing toward business expansion by inorganic growth ventures and strategies.
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