District Heating Market size to exceed $280bn by 2024

District heating market size is anticipated to exceed USD 280 billion by 2024, as reported in the latest study by Global Market Insights, Inc.
 

Growing measures toward waste energy reuse & recycling, rising concerns pertaining to climate change coupled with implementation of government mandates and policies to support energy efficiency is anticipated to strengthen the district heating market size. Incorporation of sustainable systems owing to reduced CO2 and NOx emissions in compliance with the Clean Air Act is set to augment the industry landscape. Utilization of energy alternatives along with rising demand for space heating equipment owing to optimal energy consumption is set to foster the product installation.


 

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Heat only boiler is projected to value over USD 66 billion by 2024. Enhanced environmental performance, low operational cost and economic viability are the underline parameters positively impacting the technology adoption. The solar district heating plan by EU aims at installing systems across regions including Denmark, Germany, Austria, Italy and Czech Republic, thereby enhancing the capacity over 500 MWth.
 

District Heating Market

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China DH market is anticipated to grow owing to widespread adoption of sustainable and green technologies accompanied by growing regulations to decarbonize the power sector. The action plan introduced by the government on reconstruction and upgrade of coal-fired power plants will support in emission reduction and energy conservation goals.
 

Commercial will witness growth owing to rising demand for sustainable technologies, numerous initiatives toward energy security and commercialization owing to rising construction and development activities. Introduction of several building emission norms along with growing investments toward the deployment of green structure will further drive the business scenario. Moreover, robust growth in service sector coupled with rapid industrialization and urbanization is set to stimulate the product adoption.
 

Browse key industry insights spread across 329 pages with 472 market data tables & 47 figures & charts from the report, “District Heating Market Size By Source (CHP, Geothermal, Solar, Heat Only Boilers), By Application (Residential, Commercial {College/University, Office, Government/Military}, Industrial {Chemical, Refinery, Paper}), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, Poland, Russia, Sweden, Finland, Italy, Denmark, UK, Slovakia, Austria, Czech Republic, France, China, Japan, South Korea), Price Trends, Competitive Market Share & Forecast, 2018 – 2024 in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/district-heating-market
 

Reduction in transmission losses, increasing operational safety along with growing utilization of alternative fuel sources including wood pellets is anticipated to strengthen the product installation. Improved energy efficiency, abundant availability of resources along with rising efforts to mitigate the pollution will encourage the product adoption. In addition, increasing investments toward technology advancements coupled with promotion of sustainable heating solutions will complement the industry landscape.
 

Sweden is set to witness substantial gains owing to abundant availability of the geothermal resources along with growing electricity consumption. Key factors including increasing use for renewable energy across the heating applications and favorable government tax incentives & grants will fuel the product penetration. Moreover, the EU 2020 national renewable energy action plan has set specific emission reduction standards along with clean energy consumption targets to achieve sustainability, in turn, strengthening the business scenario.
 

Key industry manufacturers operating in the district heating market include Vattenfall, Fortum, STEAG, Goteborg Energi, Shinryo Corporation, Statkraft, NRG Energy, Ramboll, LOGSTOR, Hafslund KDHC, RWE AGKeppel DHCS, and Kelag Warne among others.
 

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District Heating market research report includes in-depth coverage of the industry with estimates & forecast in terms of PJ and USD from 2013 to 2024, for the following segments:

District Heating Market, By Source

  • CHP
  • Geothermal
  • Solar
  • Heat only Boiler
  • Others

District Heating Market, By Application

  • Commercial/Institutional
    • College/University
    • Office
    • Government/Military
  • Residential
  • Industrial
    • Chemical
    • Paper
    • Refinery

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Poland
    • Russia
    • Sweden
    • Finland
    • Italy
    • Denmark
    • UK
    • Slovakia
    • Austria
    • Czech Republic
    • France
  • Asia Pacific
    • China
    • Japan
    • South Korea

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